Failing to Control Risk If you were to engage in something risky like skydiving, you or a team would check your parachute to be sure its packed properly, strapped on to your body correctly before you jumped out of the plane. If for some reason you were not told how to use the gear, like… Read More »
Shared by RAJ Your ego will fight you and probably win in more ways than you can imagine. Youíll know the right thing to do, whether it is getting out of losers or adding to winners, yet you wonít be able to act. Often you will do the opposite of what you perceive is the… Read More »
A goal of every trader is to achieve enduring success. It’s hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to trading, but few can actually trade for a living. This is a discouraging fact of trading, but one need not dwell on… Read More »
Brijmohan ji was spending his retired life with his wife very happily. His three sons were married and living with their respective families in different cities of India. They had made rules,be it Diwali or any other festival, the three sons and their family would come, would live together, eat, spend time have fun for… Read More »
Everyone comes to the forex market for a reason, ranging between solely for entertainment to becoming a professional trader. My experience tells me one of the biggest issues with Loss making traders have is the ever present ‘Need to be right’. Why do we feel the need to always be right? Being right is something… Read More »
Its a Known fact that 90 % of traders lose money in markets, only a very small proportion of day traders makes money year over year. This is a staggering statistic and one that is echoed around most of the financial markets of the world. But why do so many people fail in the financial… Read More »
Many traders whom i have interacted during my Trading Sessions have one question in general “How much money do I really need to begin trading for a living?” I would then reveal the long-awaited answer Determining the amount of money you need to start down the path of trading for a living is a… Read More »
A rich man’s wallet fell in the market. He came to know about this after reaching home. Apart from the necessary papers, there were several thousand rupees in the wallet. Immediately he went to the temple and started praying that on getting the wallet, I would offer prasad, give food to the poor etc. Incidentally,… Read More »
Source While the world is obsessing with the fate of Evergrande, and more importantly when, or if, Beijing will bail it out, another just as interesting question is how did the company many call “China’s Lehman” get to the point of no return and become a global systematic risk. For a fascinating look into how… Read More »
To see things as they are and not the way you want them to be requires good vision and a reasonable intellect. Actually, it is better if we have no intellect working at all. This test will illustrate what it takes to be a successful in Stock Market. Start with the vision test. Keep this… Read More »