If you’re reading this blog post because you actually think there is some one thing that successful traders know that unsuccessful ones don’t, then let me first say: There is no single secret to successful trading! And by that I mean there is no secret wisdom passed down from master to pupil, or sacred texts… Read More »
There was a Rajpurohit. He was highly respected in the state due to his knowledge of many disciplines. Great scholars had respect for him, but he did not have the slightest ego of his knowledge. He believed that the combination of knowledge and character is the only true path to worldly and spiritual progress. Not… Read More »
I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Srinivasa: I have a problem with hesitation. Even though I have a strategy… Read More »
by Nipun Mehta Last year, I had the pleasure of spending some time with Francois Pienaar, a rugby legend who was very close to Nelson Mandela — and famously played by Matt Damon in the movie Invictus. As he shared many personal encounters with Mandela, the thing that struck me was how practically every story spoke to Mandela’s… Read More »
How to become a profitable trader has far more to do with mindset than with a specific trading strategy. In fact, no trading strategy can be profitable if a trader has the wrong mindset. Today we will discuss How traders can optimize their trading mindset Trading Goals This really is the kind of principle that… Read More »
When many of us think of probabilities, the first thought that comes to mind is a coin toss—having a 50% chance of being correct on a given toss. Can something as simple as a coin toss be applied to investing in financial markets? Probabilities, as with a coin toss, can indeed provide us with tools… Read More »
Trading offers a wide world of opportunities to traders new and experienced alike. It’s unfortunate, but trading profitably with any level of consistency often takes time and effort for a trader to develop their approach. Along the way are many hurdles and perhaps even more unfortunately, quite a few of those hurdles can be self-imposed.… Read More »
Once upon a time, Shri Krishna and Arjuna were going somewhere. On the way, Arjun asked Shri Krishna that Lord – I have a curiosity in my mind, if I have permission, then I should ask? Shri Krishna said – Arjan, you can ask me anything without any hesitation. Then Arjun said that till date… Read More »
By Macro Ops The “greatest money making machine in history”, a man with “Jim Roger’s analytical ability, George Soros’ trading ability, and the stomach of a riverboat gambler” is how fund manager Scott Bessent describes Stanley Druckenmiller. That’s high praise, but if you look at Druckenmiller’s track record, you’ll find it’s well deserved. Druck averaged over… Read More »
Confidence is trait which a trade needs to develop to make money on consistent basis.Trading success is achieved when trader is able to execute trades confidently and overcoming trading emotions. Traders can develop confidence in long run when they have a back-tested strategy on whom they trust without any doubt, a trading plan to work… Read More »