Trading System They trade a robust system or method that wins more money over time than it loses. Their system gives them a reward to risk ratio that is in their favor. Their system or method is proven to work with a live trading record over many markets and trades or has historical back testing. Trading with… Read More »
In Continuation with Previous article What to Include in Successful Trading Plan Keep good records Good traders always want to know why and how they win or lose a trade. Keeping good records helps you recognize what goes into a successful trade. They also prevent you from repeating mistakes. Your trading records should contain the… Read More »
Do your homework You can’t expect to successfully trade in a vacuum. Therefore, before the market opens, be aware of what is going on around the world. What are the overseas markets doing? Also, learn what the economic or earnings data is and when that information is due out. Rather than taking an unnecessary risk,… Read More »
Regular readers of my site must be well aware of the fact, I always ask traders with small capital to stay away from Buying Options, During my trading course Typically 80% of traders have confessed , that they made there big loss when they have bought options.Now with increase in lot size of market Nifty… Read More »
Traders trading without a trading plan and not having proper discipline are bound to loose in stock market, as they are unable to change the sides quickly end up being a loser. As per Stats only 5% traders are able to make money on “consistent” basis in the market in long run. So what makes… Read More »
Your level of confidence as a trader will have a huge positive impact on your success. The more confident you are the less time you will spend on second guessing your decisions. The more confident you are the more positive energy you will focus toward your desired outcome. WHERE IT COMES FROM Confidence is based… Read More »
Perfectionism may help some people succeed in many other careers. It is often the difference between success and failure. We have all been brought up knowing that we must strive to be all that we can be, and to put everything into achieving our goals. But perfectionism can be fatal in market timing (and all… Read More »
Disappointment in trading, in it’s myriad of manifestations – missing out, leaving big money on the table, taking a loss, etc – is inevitable for even the best traders. It’s an elemental fact that traders who understand this, internalize it, and make it a part of their trading strategy are the most successful. One of… Read More »
In order to start making progress, we need to deconstruct what it means to learn. Throughout life you’ve probably believed that reading something and being able to explain what you read to another person is learning. That’s more or less what traditional education has defined as learning, and when you’re unable to do it you… Read More »
Stock market is “the most” wonderful place to make money “for the prepared“. And stock market is “the most hellish place” to loose money “for the unprepared”. What are you? Are you prepared? Prepared with a plan and applying yourself? The measure of your preparedness should reflect in your successes. If there is no success,… Read More »