Trading in the markets is one of the most stressful professions on the planet. Prices are constantly in motion, and you need to be consistently and effectively processing an amount of information that would leave the average person dizzy and reeling. On top of all this you are competing with some of the smartest people… Read More »
The war of Mahabharata was over. Maharaj Yudhishthira had become the king. With the help of his four younger brothers, he was running the government, all the five brothers used to work together for the betterment of the subjects. Whoever would come with a low-pitched complaint, he would be helped in every way. One day… Read More »
As a Trader it totally amazes me to see how we are almost “hard-wired” to do all the wrong things. It’s almost as if we were put on this planet to determine how many ways we can mess up our trading. How do you respond to a loss? How you respond to losing trade. During… Read More »
Any quick drive through Goa Casino makes it pretty clear who is making in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Big hope of making good money in extreme short term. No Plan, Not understanding probabilities Not knowing when to Stop gambling Gambling based on… Read More »
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 »