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 »
Embarking on a trading journey is akin to stepping into a new world filled with promises of financial freedom and prosperity. However, like any skill, mastering trading requires dedication, patience, and a willingness to learn from mistakes. Let’s delve into the stages of this journey and unravel the secrets to becoming a proficient trader. Step… Read More »
In the fast-paced world of trading, success hinges not only on strategy and analysis but also on the ability to adapt swiftly to ever-changing market conditions. While technical skills and market knowledge are undoubtedly essential, it’s cognitive flexibility—the capacity to adjust one’s thinking and approach—that often separates profitable traders from the rest. In this post,… Read More »
Lawyers, doctors, engineers and professional men who make a success spend anywhere from two to five years’ time studying and preparing to practice their profession before they begin making any money. Men enter into speculation in Stock Market without any preparation. They have made no study of it whatsoever. They try to deal in something… Read More »
The market tells you (actually points in the direction) where it wants to go. As markets move they leave behind what I call a “footprint”, this footprint is price action and it sometimes leaves us clue as to which direction it is heading next. These “clues” are known as price action trading signals / price… Read More »