As a Trader we are “hard-wired” to do all the wrong things till we have not trained our mind. You will always look for the easiest way to make money but unfortunate its turn out to be the easiest way to lose money. During my trading session I ask my students to sit down and… Read More »
I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Srinivasa: I have a problem with hesitation. Even though I have a strategy… Read More »
Trading discipline means controlling impulses and controlling emotions. When You are Trading based on emotions, loses are the Only result. But Why maintaining Trading discipline is often easier said than done. Usually the first problem arises when the markets are between market trends. Possibly you had a nice profit during a rally, but now the… Read More »
Global Markets have been in panic mode from past month has lost significant value and we have seen capitulation in market with multiple circuits both on upside and downside. With such sudden fall many traders are caught of wrong foot and now finding it difficult to cut their trading looses and go with the main… Read More »
Intraday Trading is Buying and selling stocks,currency,crypto or commodities for the day, hoping to make quick profits.You might hear of lot stories of traders making million in a day trading but the hard fact is only 5% of traders are able to make money on a consistent basis. Why is that Reason being Traders State… Read More »
A typical character trait of amateur traders is the inordinate amount of time they spend thinking about their biggest winners. They constantly want to take profits because of their need to satisfy their ego and their inability to cope with greed. Their thinking goes like this: “I should take profits because the stock has gone… Read More »
For years, I was losing money because I didn’t get it. Not really. You hear it everywhere, it’s probably the best-known trader’s mantra in the world: Cut Your Losers Fast And Let Your Winners Run But most of traders are unable to implement the same in their trading. Today we will discuss the reasoning behind it. Loss… Read More »
With the Social Media making so much information available to us these days, it’s easy to get overwhelmed by the wealth of knowledge we have and processing such information becomes a Big task. Beginners taking their first steps towards learning the basics of stock trading should have access to multiple sources of quality education. Just… Read More »
Here are seven lessons from Jesse Livermore who is considered by many as one of the greatest traders who ever lived. Lesson Number One: Cut your losses quickly. As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. Risk management should… Read More »
Below are the Important Points from The Disciplined Trader by Mark Douglas. Shared by Shirish Intro Reaching the level of success they desire as traders will require them to make at least some, if not many, changes in the way they perceive market action. The markets have absolutely no power or control over you, no… Read More »