Biggest misconception of Retail Trader I found during my trading session I am a trader so I should trade. Well, this is the biggest mistake a trader can make. The trader’s job is not to trade but trade right based on trading strategies he has mastered on during the course of time. Trading is a… Read More »
One of the most basic human emotions dictating at least one decision each day is our confidence in a known outcome. This can be as simple as knowing that the sun will come up tomorrow or that the train you take to work will arrive on time (in many of our cities, of course, this… Read More »
In terms of Trading, one of the most searched topics on google is Option trading strategies. Traders are simply fascinated by Option trading strategies, thinking there is a holy grail out there, to churn profits month after month. I wasn’t spared from it either. I was lost and confused in my early years of trading. I was… Read More »
Shared by Raj Successful traders are not only happily self-employed, they are also relentlessly, religiously self-disciplined. One simply cannot succeed in trading without discipline. In order to be consistently profitable, you must have strict rules of operation in regard to your trading, and you must consistently (i.e., all the time) follow them. This fact cannot… Read More »
Every seminar and book will tell you that controlling your emotions and having discipline in you’re trading are essential to your success. But no one tells you how to achieve emotional control and personal discipline while trading the market Steps to Controlling Emotions and Gaining Trading Discipline: Get rid of Traderitis. Most retail traders trade… 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 create (the illusion) of certainty where it just doesn’t exist.… Read More »
There are hundreds of trading styles out there. There are dozens of markets to trade. There are multiple time-frames to trade on. But there are only 2 kinds of traders that are making any money. And the only question you need to be asking yourself is: am I one of them? If you are one… Read More »
The Stock Market has rewarded many who have shown patience, good investing practices, and the lack of emotions. On the contrary, the market has punished those that have made their decisions haphazardly, or because they were advised to do so by a ‘friend’ or ‘colleague’. The stock market is not just all about profit but… Read More »
Failing to Control Risk If you were to engage in something risky like skydiving, you or a team would check your parachute to be sure its packed properly, strapped on to your body correctly before you jumped out of the plane. If for some reason you were not told how to use the gear, like… Read More »
Shared by RAJ Your ego will fight you and probably win in more ways than you can imagine. Youíll know the right thing to do, whether it is getting out of losers or adding to winners, yet you wonít be able to act. Often you will do the opposite of what you perceive is the… Read More »