Truth be told, when you are new at something it is very easy to make mistakes. Unfortunately, in the Stock market you will find that almost all new traders make the same mistakes over and over again. To have a steeper learning curve and gain more from your trades, you need to identify the common… Read More »
Most people who get into trading seem to be attracted by the lure of making big money and making it fast . . . or so it would seem by the pitches and promotions from vendors that offer services or products that promise to deliver what traders are seeking. Greed is a great motivation for… Read More »
Whether we admit it or not, many of us are lured into the world of trading because of the potential to make big money. There are instances when traders are just in it to win it, leaving them less focused on the process and solely on the profits. During these times, trading can have the potential… Read More »
As 2014 come to an end, it’s an important time for a trader; it’s time for you to make an honest assessment of your trading performance over the last year. This is an excellent opportunity for you to learn and grow, both as a trader and a person. Seriously, whether you’ve had a bad trading… Read More »
How Bulls markets are made? “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria” – Sir John Templeton India has first major Bull market when Sensex moved from 400 in 1989 to 4546 in April 1992 a Rally of almost 1100% in matter of 3 years which will… Read More »
Recently, a couple people I know packed up and quit trading after struggling for a long time to hold their heads above water. They didn’t make it. This isn’t unusual of course – this profession has a high failure rate – but it frustrated me. It frustrated me because I could see potential in them.… Read More »
In trading most new traders allow hope and fear to dictate their trading. They have a losing trade and instead of selling it and getting out they instead hope it will come back to even allowing the loss to grow. Another error for new traders is that when they have a winning trade they fear… Read More »
History Andrews developed his own method of predicting where price is going to go in the market. He said that his method will predict with 80% certainty where price is going to be. He originally called it the Median Line Method. One of the most popular Median Line Method tools were the reaction lines. These… Read More »
This is the message one of my students wrote to me “I don’t get it. I know there is good money to be made in trading (I see people doing it) and I’ve known success before. It’s not like I don’t know what a winning mindset is. I’ve proven myself before. Yet trading success still… Read More »
A solid trading plan is the cornerstone of your trading business. Unfortunately many traders think that all they need is a trading strategy. This is NOT the case! Let me explain the difference between a trading strategy and a trading plan. A trading strategy tells you when to enter and when to exit trades. A… Read More »