” Patience is a virtue which many talk about but few have ” The most common trait of successful and profitable trader, they are “patient” and wait for right trading opportunity as per their trading system. Many amateur trading never reach the professional level because they “Over Trade” . Most of newbie traders fell more… Read More »
Lock down had given Best time to prepare yourself for the recession that’s ahead of us. You Can’t bet on job. You Can’t bet on business. You Can only bet on your own Learning which should not be outdated. In Trading most important thing is to focus on Learning. Do NOT experiment with capital and… Read More »
Came across a great article here by Brett Steenbarger titled ‘A Self-Help Crash Course for Traders’. The article applies a discipline called ‘brief therapy’ to address the issue of why traders can’t seem to control themselves and make the same mistakes over and over again. It has quite a number of good points. Here’s a… Read More »
What Does A Mechanical Trading System Mean? What Does A Discretionary Trading System Mean? We have discussed about different type of trading system,Once you are able to decide what type of system suits you next is important points to include as part of your trading system. 1) Positive Risk To Reward Ratio Risk to reward… Read More »
Once there was a great king named Vishwamitra. One day he learned that there was a saint in his kingdom whom everybody adored. The name of this saint was Vashishtha, and everyone gladly touched his feet. Now, although Vishwamitra was a very great king, nobody used to come and touch his feet. People were afraid… Read More »
During my Earlier trading days when I was getting trained by my Guru A common mistake I used to make is trying to mimic the “intuitive” trading styles of My Guru in order to achieve similar levels of success but used to failed miserably. I still remember very vividly My Guru used to Smile when… Read More »
Many traders who have made a career from day trading the Stock Markets will advise you that it may have not been quite as simple and straightforward as they originally expected. The draw of quick profits makes day trading a very attractive proposition. Many traders embark on their new career with the highest of expectations… Read More »
Markets have been trending last month and now as we have entered sideways market for the past few days,we are getting whipsaws in trading, resulting in losses.So how to deal with such situations and minimize the loss? The answer to the above question and for overall “good trading discipline” lies in sound money management practices.Money… Read More »
Once young boy went to a Gurukula to learn the Vedas. He was so excited since his master was renowned and was adept at Shastras. He went to his master and thus said – “My dear Sir, I would like to learn Vedas from you”. The master immediately replied “Oh Dear Boy, it is not… Read More »
As traders, we use charts, data, and logic to analyze the market and develop a strategy or trade plan, but in the heat of the moment, emotion can often take center stage and drive the decision to enter or exit a trade. We’ve all experienced the downside of emotions –panicking and closing out a trade… Read More »