Every trader need to Identifying his Strengths and Weaknesses Trading requires as much honesty as is objectively possible. To be able to go over each trade and determine what you did right and what you did wrong requires putting ego aside for the benefit of becoming a better trader. You have to be able to… Read More »
Different shapes and forms. Failure comes in all different shapes and forms. The distance you fall after a failure, time it took to get to the failure,and whether you get back up determines that shape and form. I realize there are a million posts on why failure is important but success is important, especially in trading.… Read More »
I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »
To achieve the impossible dream, try going to sleep…Joan Klempner Healthy Body keeps an Healthy Mind. Traders are notorious for having bad sleep habits. Many stay up into the early hours of the morning watching, studying or trading overnight, then struggling to stay awake during the day to trade the regular session. To trade well… Read More »
Today is Nifty expiry and many traders will indulge in Option trading to make some quick buck if they are on right side of trade. I have seen trader taking position in Options that trades less them their theoretical value, thinking price will correct End of day and they will make profits but in reality… Read More »
Humans aren’t the only gamblers in the animal kingdom. Our closest primate relatives, chimpanzees and bonobos, demonstrate behaviors considered basic to human economics such as delaying gratification and assessing risk, according to new research published Wednesday May 29 in the journal PLoS One. Though they don’t bet on stock exchanges or casinos, they also have strong… Read More »
Trading Methodology: Winning system-Only trade tested systems with a positive expectancy in the long term. Faith– Your system has to allow you to trade your beliefs about the market. Risk/Reward-Never trade unless your profit expectations are greater than your capital at risk. Trader Psychology: Discipline-You have to keep trading your method even when it doesn’t… Read More »
What is all the fuss about OFS ? OFS stands for Offer for Sale, similar to FPO’s (Follow on Public Offer). OFS is done by already listed companies on stock exchanges, enables promoter to dilute their holdings in listed companies in a transparent manner with a wider participation through exchange based bidding platform. Recently… Read More »
Greed is one of the main contributors to trading loss. Greed mangles the mind by distracting the trader from what matters most in the trade, which is quite frankly to protect your capital by prudent planning and following rules. Once a trader starts doing profitable trades, overconfidence creeps in and trader wants more and more… Read More »
Financial Markets are under rout all round the globe. Whether you are day trader, positional trader or swing trader ,there are fundamental skills that each trader should master. Skill-building activities will help you sharpen your ability to make money and cash in on critical market movements like what we are seeing now. 1. Never ever go for perfect… Read More »