Two neighbours came before Jupiter and prayed him to grant their hearts’ desire. Now the one was full of greed, and the other eaten up with envy. So to punish them both, Jupiter granted that each might have whatever he wished for himself, but only on condition that his neighbour had twice as much. The greedy… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
After being diagnosed with a bone tumour in his left leg, Albert Espinosa, now an engineer and a popular spanish screenplay writer, then a 14-year-old boy from Barcelona, battled a 3 per cent survival chance with positivity and black humour. A decade in hospital, 83 chemotherapy sessions, and bartering his left leg, lung and a chunk… Read More »
Trading is not really about prediction or being right or wrong. It is really about how much are you willing to risk to find out. It’s easy to take the approach of, ‘is this trade going to work or not’, and in reality, we can’t help but think that way on a certain level. But… Read More »
BY JOEL RUNYON Intelligence Manual Skills Physical Fitness Creativity Critical Thinking If I were to make a top 5 list of the traits that are traditionally seen as MVTs [most valuable traits], you’d probably see those 5. One or two might be switched out, but a lot of people talk about those 5 traits but… Read More »
I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »
Many of us believe we’re in control of our emotions when we trade, but sometimes we run into weaknesses. Maybe we become too attached to a stock, or get out of it too soon when it doesn’t perform as expected. Let’s explore some ideas that can help, including keeping a trading checklist to help prevent… Read More »
Everyone says that psychology is the most important part of trading. So if trading is 80% psychology, what makes uppsychology? I believe psychology can be broken down into two parts: patience and discipline. This article focuses on discipline, and why it is so essential to your trading success. My mentor once told me the below… Read More »
– by PAULO COELHO A farmer knocked heavily at a convent’s door. When the brother doorkeeper opened the door, the farmer stretched out a magnificent bunch of grapes to him. “dear brother doorkeeper, these are the most beautiful grapes produced in my vineyard. And I come here to give them to you as a gift,”… Read More »
Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology.The difference between… Read More »