Introduction In the realm of trading, the partnership between a trader and their coach is akin to that of an athlete and their mentor. This relationship hinges on a concept known as psychological visibility—a term that encapsulates the openness, honesty, and transparency required for effective coaching. Psychological visibility allows a trading coach to see into… Read More »
Some people believe trading is like gambling. It’s not. In a gambling game, you have to participate to lose and do absolutely nothing to stop losing. If, after one bet, you don’t put another bet on the table, you will not lose. There is also no way you’ll win. But, at that point (if you… Read More »
The market is always moving. It never stops. It may slow down and pause for a little while, but it never stops moving. Even when the markets are closed, the prices are still moving, as they can certainly open up at a different price than where they closed the night before. This is more true… Read More »
Many people get confused and think that flawless execution means always selling near the high and buying near the low. It doesn’t mean that at all. In fact, I think it will be very rare in almost all of your trades for you to buy near the low and sell near the high. You don’t… Read More »
It’s kind of strange in a world with no rules (like trading) that it’s so important to have a specific set of rules that you follow religiously. I mean, let’s be honest, trading really doesn’t have any rules. You can get in whenever you want. You can get out whenever you want. You can add… Read More »
Many people have a certain idea of how long and how much effort it takes to make a certain amount of money. Most job situations offer an unchanging reward regardless of effort. This is very different from trading the markets. Most of us are brought up with ideas like working a hard day’s work is… Read More »
Years ago, I got some advice from a fellow trader . He told me to never get married to a trade. Michael Douglas told Charlie Sheen to never get emotional about a stock (in the movie *Wall Street*). Those statements are much more than just pieces of advice picked up along the way. If you… Read More »
There was a famous dense forest named Kadambari, full of wild and violent beasts of many species, situated near the city of Campa. In that forest, there was a very lofty mountain named Kali. In the valley of that mountain, there was a lake named Kunda. The valley came to be known as KaliKunda by… Read More »
This is a story from the time of Bhagwan Mahavir. At that time, King Chetak was the ruler of Vaishali, and he had a beautiful daughter named Chelna. Once, an artist named Bharat painted a picture of Chelna and showed it to King Shrenik (Bimbisar) of Magadh. Charmed by Chelna’s beauty, Shrenik fell in love… Read More »
Unsuccessful traders are obsessed with market and data analysis. They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create the illusion of certainty where it just doesn’t… Read More »