How to get what I want? You’ve heard the expression, “What you see is what you get.” My grandfather used to say: “If you look at a tree long enough, it will move.” We see what you want to see. Psychologists tell us that nothing controls our live more than our self-image. We live like… Read More »
1. 10,000 hours The greatest traders understand that trading much like being a doctor, engineer or any other focused and technical endeavor requires time to develop and hone the skill set. Now you wouldn’t see a doctor performing open heart surgery after 3 months on a surgery simulator. Why would trading as a technical undertaking… Read More »
During my Training Session This is the Most Important question I ask my Students. What is really important to you in your trading? Knowing Why you want to be a trader is very essential for being a profitable trader. They inform you about what sort of trader you want to be and can help you… Read More »
When trading goes right, it can be a great feeling. When trading goes wrong it can be a nightmare. Fortunes are made in a matter of weeks and lost in a matter of minutes.This pattern keep repeating itself again and again.For a trader to be successful he must acknowledge this pattern and then break it.… Read More »
Jerry was the kind of guy you love to hate. He was always in a good mood and always had something positive to say. When someone would ask him how he was doing, he would reply, “If I were any better, I would be twins!” He was a unique manager because he had several waiters… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
Source After 21 years of marriage, my wife wanted me to take another woman out to dinner and a movie. She said, “I love you, but I know this other woman loves you and would love to spend some time with you.” The other woman that my wife wanted me to visit was my MOTHER,… Read More »
At the broadest level, trading consists of analyzing, synthesizing, and doing. Analyzing is extracting information from markets, immersing ourselves in data. It is our look through the microscope. Synthesizing is assembling those data into a coherent picture, extracting pattern and meaning from the reams of market information. It is our telescopic view. Doing is taking… Read More »
Any quick drive through Las Vegas makes it pretty clear who is rolling in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Misplaced hope, fantasies about the big win, promising themselves they will walk away when they are up and still winning, and probably the inability… Read More »
Shared by Raj Blog Reader There follows a list of times and events where traders are prone to losing their discipline. I have broken them down into five core headings; Strategy, Mental, Emotional/Psychological, Situational Personality. 1. Strategy Not having a clearly defined strategy with an edge is the first typical problem here. Having this is… Read More »