In Continuation with Previous Article WISHING, HOPING, AND PRAYING Actively managing trades is essential in trading. Wishing, hoping, and praying, while normal in other aspects of life, have no place in trading. When we engage in these passive behaviors, we relinquish control and responsibility to the market, hindering our ability to make informed decisions and… Read More »
Do you believe anything can happen in the market at any time? This is what being objective is all about. You need to constantly be thinking that the market can do whatever it wants whenever it wants at any time. Many people get into trouble by thinking the market can’t or won’t do certain things.… Read More »
Introduction In the realm of trading, the partnership between a trader and their coach is akin to that of an athlete and their mentor. This relationship hinges on a concept known as psychological visibility—a term that encapsulates the openness, honesty, and transparency required for effective coaching. Psychological visibility allows a trading coach to see into… Read More »
Many people get confused and think that flawless execution means always selling near the high and buying near the low. It doesn’t mean that at all. In fact, I think it will be very rare in almost all of your trades for you to buy near the low and sell near the high. You don’t… Read More »
Many people have a certain idea of how long and how much effort it takes to make a certain amount of money. Most job situations offer an unchanging reward regardless of effort. This is very different from trading the markets. Most of us are brought up with ideas like working a hard day’s work is… Read More »
Years ago, I got some advice from a fellow trader . He told me to never get married to a trade. Michael Douglas told Charlie Sheen to never get emotional about a stock (in the movie *Wall Street*). Those statements are much more than just pieces of advice picked up along the way. If you… Read More »
Unsuccessful traders are obsessed with market and data analysis. They crave the sense of certainty that analysis appears to give them. Although few would admit it, the truth is that the typical trader wants to be right on every single trade. He is desperately trying to create the illusion of certainty where it just doesn’t… Read More »
Yesterday I gave my analysis on DIXON , Sell call got stopped out and Buy achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in DIXON as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was moved… Read More »
Meet our first trader, Rahul. Rahul focuses on day trading the Nifty Futures. Over the past six months, he’s been striving for consistent success in his trading endeavors. Unfortunately, his journey hasn’t unfolded as smoothly as he hoped. However, it’s not due to a lack of effective trading methods. Rather, Rahul’s primary challenge lies in… Read More »
A trading journal gets you in a practice of observation which can open the gates to the development of mindfulness. However, unless you know how to use your trading journal correctly it can do more damage than good. In fact, I feel so strongly about this, that I have devoted a large section to it… Read More »