Every trader wants to trade a well funded trading account (i.e. a 1,000,000 account), but very few of us actually get to do this. Most traders are stuck with trading relatively small accounts (i.e. just covering the required margin). Trading a small account requires very strict risk management (i.e. money management) because there is no… Read More »
If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t… Read More »
Big Swings came in market in August and many traders emotions were high as Markets were swinging wildly.Many traders “Hoped” of making a killing and few are living in “Regret” of missing the rally. Lets analyze both Hope and Regret emotions and understand how these are fatal for your trading career. Hope What is Hope?… Read More »
An Engineer has to clear till 12 Class, than Clear Pre Engineering entrance test Like IIT/PET. Get into a good college he needs to again clears 42 Exams in 4 years and finally, after probably years of training and education, he gets a Job and there again he need to take training to lead bigger… Read More »
During my trading session when I talk to my students reasons for losing trades , I noticed a pattern that seems to pop up pretty often when talking about losing trades. As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at… Read More »
A friend of mine opened his wife’s underwear drawer and picked up a silk paper wrapped package: “This, – he said – isn’t any ordinary package.” He unwrapped the box and stared at both the silk paper and the box. “She got this the first time we went to New York, 8 or 9 years… Read More »
Whenever I saw a Cricket 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 »
In terms of trading, this means that a trader actually not have to be afraid of loss. Especially not if the money risk is sensibly chosen. Nonetheless, money losses always lead to Fears and associated misconduct. As a result, Trader Develop a negative spiral that leads to even greater distortions in trading An example: You are trading… Read More »
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 »
Source My wife, daughter, and I moved into our home nine years ago and we spent a lot of time and energy in the yard to get it looking like it does today. We live on a corner, higher than street level, and the entire side of the yard is encased by a professionally built… Read More »