Fellow traders most of the time you might have heard to trade with a stop loss. I relate stop loss to buying an insurance for our uncertain future. Strange to me that most of the experts or analysts tell you to keep stop loss but 85% times people do trade without stop loss ( Source… Read More »
The language you use as a trader can provide either positive reinforcement through honest self awareness or negative results through demeaning self talk. In other words, when discussing your trading with others or in your journal become aware of how you view yourself. Do you see yourself as an amateur, a whipping post, a loser?… Read More »
Story source: Chicken soup for soul. The passengers on the bus watched sympathetically as the attractive young woman with the white cane made her way carefully up the steps. She paid the driver and, using her hands to feel the location of the seats, walked down the aisle and found the seat he’d told her… Read More »
What is the difference between Sachin Tendulkar and Virendra Shewag, Both have class of their own, in fact Shewag playing style is far better than Sachin instead of this Sachin is remembered as All time Greatest whereas Shewag has been forgotten by most of the Cricketing fraternity. The Big Difference is Consistency. This leads me to… Read More »
You should keep a trading journal of every trade you make! Backtest every system for at least 1,000 trades! Brush your teeth before bed! All of this is sound advice. However, how many traders actuallyfollow this advice? Do you? I would bet that less then a third of you reading this article keep a trading… Read More »
Few Trading Facts 80% of all day traders quit within the first 1 year of there trading most of them trade in Options and use brokers who give them High leverage of 10X Traders with having losses for 5 years or more continue to trade. The last point suggests that traders even continue to trade… Read More »
We had a big day yesterday with Sensex rising 2000 points in Single Day Many traders who have been short and might have made loss. Losses are part and parcel of trading and we should let losses affect us that we are unable to take the next trade. To produce profits, consistent profits, and then… Read More »
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 »
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 »
In this Post I will share my Journey how I made the turn from unprofitable to profitable trader. It took years of practices lot of mentoring from my trading guru and sheer grit and determination. I have to change in my psychology and thought process how I approached trading changed allowed me to make profitable… Read More »