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 »
Twelve years of meditation and penance passed with great success for Lord Mahavir. His life was exemplary. He put forth unsurpassable examples of truth, non-violence, forgiveness, compassion, fearlessness, yoga and true knowledge. In the thirteenth year, he faced another calamity. Near the village of Shammani, he stood in a meditation posture. Just like at the… Read More »
This is something you’ll hear successful traders say all the time. If you’re going to be a successful trader, you will have to learn to love taking a loss. Basically, what that means is it does not bother you to have a losing trade. Don’t get me wrong, you’re not going to be happy to… Read More »
A Sadhu went to the court of Raja Janaka and observed all his manifold activities. He then thought within himself: ‘How can we call Raja Janaka a Jnani? How can we take him for a spiritual man? He is only a worldly man. He is entrapped in so many worldly matters. He talks on worldly… Read More »
ACTING IN YOUR OWN BEST INTEREST It is the most important concept you can learn in order to be a successful trader. If you can master this skill, you can be very successful in this business. But without it, you are destined to fail. It really is that simple. If you can learn to act… Read More »
Yesterday I gave my analysis on DIXON , Sell call got stopped out and Buy achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in DIXON as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was moved… Read More »