One of the most basic human emotions dictating at least one decision each day is our confidence in a known outcome. This can be as simple as knowing that the sun will come up tomorrow or that the train you take to work will arrive on time (in many of our cities, of course, this… Read More »
In terms of Trading, one of the most searched topics on google is Option trading strategies. Traders are simply fascinated by Option trading strategies, thinking there is a holy grail out there, to churn profits month after month. I wasn’t spared from it either. I was lost and confused in my early years of trading. I was… Read More »
Shared by Raj Successful traders are not only happily self-employed, they are also relentlessly, religiously self-disciplined. One simply cannot succeed in trading without discipline. In order to be consistently profitable, you must have strict rules of operation in regard to your trading, and you must consistently (i.e., all the time) follow them. This fact cannot… Read More »
In school, the teacher gave a delicious toffee to all the children in her class and then said a strange thing. Listen, kids! You all don’t have to eat your toffee for ten minutes and saying this he left the class room. There was silence in the class for a few moments, each child looking… Read More »
A person used to work as a sales manager in a multinational company. With his savings, he built a luxurious house outside the city. Being outside the city, that area was somewhat deserted. The man started living in his new house with his wife and children. He would leave for work early in the morning… Read More »
Every seminar and book will tell you that controlling your emotions and having discipline in you’re trading are essential to your success. But no one tells you how to achieve emotional control and personal discipline while trading the market Steps to Controlling Emotions and Gaining Trading Discipline: Get rid of Traderitis. Most retail traders trade… 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 create (the illusion) of certainty where it just doesn’t exist.… Read More »
That day at eight o’clock in the morning I left my city to go to another city. I reached the railway station, but due to late arrival my train had left. I had no choice but to take the afternoon train. I thought I should have breakfast somewhere. I was very hungry. I was on… Read More »
There are hundreds of trading styles out there. There are dozens of markets to trade. There are multiple time-frames to trade on. But there are only 2 kinds of traders that are making any money. And the only question you need to be asking yourself is: am I one of them? If you are one… Read More »
The Stock Market has rewarded many who have shown patience, good investing practices, and the lack of emotions. On the contrary, the market has punished those that have made their decisions haphazardly, or because they were advised to do so by a ‘friend’ or ‘colleague’. The stock market is not just all about profit but… Read More »