Rahul slammed the Desk with a Heavy Fist and said the following “What’s wrong with me? “Why can’t I stick to my trading Plan” “Why do i take Impulsive trade again and again ?” Same old Story is getting repeated again Rahul has made up his mind after last loss to stay calm and patient… Read More »
Amateur retail traders tend to think that the professional traders have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology. Let us give you an… Read More »
Source:Sent by Blog Reader While at the park one day, a woman sat down next to a man on a bench near a playground. “That’s my son over there,” she said, pointing to a little boy in a red sweater who was gliding down the slide. “He’s a fine looking boy”, the man said. “That’s… Read More »
Everyone makes some sort of New Year’s resolution. And, 90% of them fails at following them for very long. The problem with such resolutions is, they are made because you already have trouble sticking to them, so one more promise is not going to change things for very long. But if this year was different,… Read More »
Everyone says that psychology is the most important part of trading. So if trading is 80% psychology and I believe psychology can be broken down into two parts: patience and discipline. This article focuses on discipline, and why it is so essential to your trading success. For Consistent Results We need to be Disciplined both… Read More »
The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how you are going to make “a lot of money”, I said some blah blah but Honestly speaking I did not had any concrete answer. Somewhere in… Read More »
Everyone loves the story of a seemingly loser, or lesser provisioned and lesser known guy who rises beyond his limitations and emerges winner. We have already read about number of people who changed their destiny. But to me, someone whom I admire and inspires me the most is an underdog from the very pages of… Read More »
Trading is Difficult as most traders don’t have an “EDGE”. Is Trading Hard to Learn ? It takes time, discipline, the correct education and the right attitude. Most people fail in trading not because it is particularly hard, but because they are not properly “EDUCATED“. Learning to trade is investing in your education and your financial future. Learning to trade is… Read More »
Remember that a gift should be treasured; not only the ones that are wrapped but ones that are bestowed upon you. Years ago, there was a very wealthy man who, with his devoted young son, shared a passion for art collecting. Together, they traveled around the world, adding only the finest art treasures to their… Read More »
1. Never Average a Losing Position — Under any circumstance add to a losing position ever! Always Remember Averaging Bring the cost down but it increases trade size which can lead to Ruin of trading account.Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital. 2. Trade… Read More »