Richard Wyckoff, like Jesse Livermore, was a Wall Street stock trader in the early 1900s. Wyckoff’s first job in 1888 was as a 15-year-old stock runner on Wall Street. By the age of 25, he had his own brokerage office. He also published his own market magazine and advisory newsletter.He studied the stock market investing… Read More »
There is very little that is new in the world of trading psychology but mastering the basics and mastering our mind is essential if we are to develop as highly efficient traders. The following are common discipline issues and suggestions to counteract them. Discipline is needed if you are to succeed as a Equity,Commodity or… Read More »
Option can be used to Reduce the Stock which you have bought at Higher levels during Bull Phase or in an event of extreme exuberance. This Strategy will work for Stocks which are in Future and Options. AS of today there are 203 Stocks which are Listed in F&O space in Indian Stock Market.. The… Read More »
The first and most important rule is – in bull markets, one is supposed to be long. This may sound obvious, but how many of us have sold the first rally in every bull market, saying that the market has moved too far, too fast. I have before, and I suspect I’ll do it again… Read More »
World markets had a hell of ride last week, Am talking in particular of Spain,Italy and peripheral Europe market,For instance Spanish market were down 8% intraday after Mr Darghi spooked the financial market, on Friday Spanish market was up by 5% again so things are getting highly volatile. Euro as a currency made a swing… Read More »
This is part of the all-important–but sometimes overlooked–aspect of “trading psychology.” I will admit that when I first got into this fascinating business, I was skeptical of the whole “trader psychology” thing. My main concern at that time was learning as much about markets and technical analysis as I could–and my trading mentality or psychology… Read More »
Trading is a profession which requires a person to be disciplined, control over his emotion, risk management. 90% of Traders fails in this profession only 10% excel. So what makes trading so difficult? I have compiled few rules which you should adhere with and read it daily when you had a bad day. These… Read More »
Compiled Article from Market Wizards Michael Marcus “The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that… Read More »
Traders Best weapon 1.Control Your Ego “Everyone wants to feel like a winner. It’s tempting to pat ourselves on the back for making a winning trade, but it’s essential to face the facts: Many times a winning trade is a combination of an astute insight AND being at the right place at the right… Read More »
01. Anger over a losing trade – Traders usually feel as if they are victims of the market. This is usually because they either 1) care too much about the trade and/or 2) have unrealistic expectations. They seek approval from the markets, something the markets cannot provide. 2. Trading too much – Traders that do this have… Read More »