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 »
In ancient times, a king had a boulder placed on a roadway. Then he hid himself and watched to see if anyone would remove the huge rock. Some of the king’s wealthiest merchants and courtiers came by and simply walked around it. Many loudly blamed the king for not keeping the roads clear, but none… Read More »
Trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, you also have to be able to execute your trade as per your rules and trading plan. Market will always test you and any trade your become overconfident market will give… Read More »
So how much can other people affect your trading? \ There is one characteristic that seems to separate the great traders from the average ones. The great ones realize what kind of problems that a lack of confidence can present, so they don’t even risk a shattered ego. How? They keep their trading activities to… Read More »
About ten years ago, a young and very successful executive named Josh was traveling down a Chicago neighborhood street. He was going a bit too fast in his sleek, black, 12 cylinder Jaguar XKE, which was only two months old. He was watching for kids darting out from between parked cars and slowed down when… Read More »
Elite performers in all competitive fields study the past to help improve their ability in the future. The same goes for elite traders. Today we will disucss 3 reasons why you should keep a trading journal. You’ve most likely heard it before that journaling can be used to improve your trading, but for whatever reason… Read More »
Think back to a time when you had a losing trade, or made an error with your trade execution, or had a bad trading day. Who was responsible for the result that you got? The market? The Trading Guru You Follow? Your Friend whose analysis went wrong The trading platform you were using? The room… Read More »