In Continuation with Previous Article GREED Greed is a common pitfall in trading, fueled by the belief that no matter how much profit one earns, it’s never enough. This insatiable desire for more can hinder success in the markets. To understand and combat greed, it’s essential to examine its roots. Greed arises from the perception… Read More »
In Continuation with Previous Article WISHING, HOPING, AND PRAYING Actively managing trades is essential in trading. Wishing, hoping, and praying, while normal in other aspects of life, have no place in trading. When we engage in these passive behaviors, we relinquish control and responsibility to the market, hindering our ability to make informed decisions and… Read More »
Bhagwan Mahavir was once giving his discourses in Champanagari and he saw Ambad Parivrajak (wandering monk) proceeding towards Rajgruhi. He stopped him and said, “On reaching Rajgruhi, tell Shravika Sulsa that Mahavir has wished her dharmalabh.” Ambad Parivrajak started thinking about Sulsa and her piety and devoutness since Bhagwan Mahavir also held her in high… Read More »
If you want to develop into a successful trader, you will need to engage in some self-improvement. If you don’t already, you need to realize the market is always right and you can take money out of the market as long as you don’t impose a rigid mental structure on its behavior. In other words,… Read More »
Do you believe anything can happen in the market at any time? This is what being objective is all about. You need to constantly be thinking that the market can do whatever it wants whenever it wants at any time. Many people get into trouble by thinking the market can’t or won’t do certain things.… Read More »
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 »