In Continuation with How Do Professional Traders Think? LESS IS MORE To the experienced professional trader “less is more.” There is not the urgency to get into trades to be trading because “that is the way to make money.” Rather, this urgency mindset is dangerous to the trading account balance. When in an urgent mindset,… Read More »
This is the message one of my students wrote to me before taking our Trading Course “I don’t get it. I know there is good money to be made in trading (I see people doing it) and I’ve known success before. It’s not like I don’t know what a winning mindset is. I’ve proven myself… Read More »
Whenever I saw a Cricketer playing in the field or Tennis player playing, the temptation to play like them was tremendous. If you see any Great Sportsman playing and compare yourself to them you will observe You are lacking in co-ordination, stamina, technique, strategies and above all few tricks of the game that only comes… Read More »
There was a rich a merchant he used to do lot of always used to perform sacrifices and worship etc. He donated everything he had in a yajna. Now he had no money left to run the family. The merchant’s wife suggested that an elder Seth live in the neighboring town. He buys the virtues… Read More »
The principle behind the importance of the opening price probably stems from the fact that the markets are open only six and half hours a day. That leaves 18 hours for decision making to occur. It is my opinion that decisions are made during the 18 hours that affect the opening of our market. I… Read More »
In a Dharamsala, the husband and wife stayed with their small child. Dharamshala was raw. There were cracks in the walls, there was an open forest-like atmosphere around. The husband and wife took their small child in the courtyard and went out for some work. When we come back and see, a big snake is… Read More »
One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed daily expenses. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against you. Trading money you can… Read More »
Over the years, I have seen several people (including myself) lose fortunes while trading and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene. It is a known fact 80% of traders lose money and 20% makes profits on the expense… Read More »
Zerodha CEO Nithin Kamath says less than 1% of active traders earn more money than a bank fixed deposit over a 3 year period. This is fact of trading 99% money goes to 1 % of traders. Its like giving IIT and UPSC Exams Less than 1% of applicants get into the IIT’s still 15… Read More »
As 2021 come to an end and 2022 approaches, it’s an important time for a trader; it’s time for you to make an honest assessment of your trading performance over the last year. A time to start over. And, in the immortal words of one of my all-time favorite movies that I never forget to… Read More »