The foundation of trading is interconnected As most traders know, trading is finding the correct equilibrium of proper risk management, good analysis and trade strategies, efficient money management, and a balanced (trading) psychology. A trader cannot be successful if one of the elements is not sufficiently developed. Similar to a building, if one of the… Read More »
What Is a Drawdown? A drawdown is a peak-to-trough decline during a specific period for trading account, or fund. A drawdown is usually quoted as the percentage between the peak and the subsequent trough. If a trading account has 100,000 in it, and the funds drop to 90,000 before moving back above 100,000, then the… Read More »
A Poor Learned Man Reached The Neighboring Kingdom While Walking. Coincidentally, That Day There Was A Handicraft Ceremony In Which A Garland In The Trunk Of An Elephant Was Carried Around The City. The One Who Put The Garland Around His Neck Was Made The King There For 5 Years. That Person Also Started Watching… Read More »
Remember that a “bad trade” isn’t always a trade that loses money. That’s the outcome of a trade. A bad trade is one that you didn’t strategically envision or control from start to finish. It sounds tricky, but here it is: A bad trade that ends up with a profit is called “luck.” A bad trade that… Read More »
I am Sharing a Case Study on One of My Student during our 1×1 Coaching How we undestood his problem and Helped him to Improve his Trading. I decided to highlight these specifically, as I’ve found there are a number of common themes amongst struggling traders who I’ve worked with. Hopefully, by detailing their challenges… Read More »
There was a very, very saintly priest whom everybody was extremely fond of. A young aspirant came to the priest’s hermitage and expressed his desire to practice spirituality. The priest said, “No, no, you are too young. I do not want to have you as my student.” The young boy said, “It is true that… Read More »
Long time ago there was a great king in the Raghukul dynasty (Lord Rama also belonged to the same dynasty). He was suffering from leprosy. He fell on the feet of his master, Guru Vashishtha and said: “Oh Master! So much of suffering… ?” The master kept his hand on his eyes and asked him:… Read More »
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 »