Excellent Article from Brett N. Steenbarger, Ph.D. 1) Self-talk while trading – Is it angry and frustrated; negative and defeated? How much of your self-talk is market strategy focused, and how much is self-focused? Is your self-talk constructive, and would you want others to be talking with you that way while you’re trading? 2) What… Read More »
Long term investors – Warren Buffett is the best-known example – prefer to leave their money in the markets to reap the rewards of compounding. Jesse Livermore – a trader – thought this was unwise. His opinion was that, after a successful trade, traders “should make it a rule to take one-half of the profits… Read More »
I’ve got some exciting news to share with you. I was invited to speak at a super cool trading event and I have a ticket for you! I’m joining 25+ world-class traders (names like Peter Brandt, Jack Schwager, Mike Bellafiore, Adam Khoo, and so many more!) at the Online Trading Summit 2019 https://academy.traderwave.com/a/18609/zo87Kszf happening during… Read More »
Its been a roller coaster rise from past few trading session and many traders asked me “Can money be made in trading ?” Let me try to answer the same. Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its the Big traders… 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 »
When market are trending and you are making money, trading seems to be the best profession in the world, But market like last week trading in small range with fast volatile swing trading seems frustrating and difficult to you. Most of traders, begin their trading careers with lofty goals and a dream of making big… Read More »
An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They… Read More »
By Jason Van Bergen It is simply not possible for any trader–whether amateur, professional or anywhere in between–to avoid every single loss. The disciplined trader is fully cognizant of the inevitability of losing hard-earned profits and, as such, is able to accept losses without emotional upheaval. At the same time, however, there are systematic methods… Read More »
The Central Focus of trading should be to make profit. Trading should never be done for Fun or as a part of Hobby, If Done you are going to lose very heavily. Losses are part and parcel of the game and they “WILL” Happen. But as a Serious/Professional Trade If you are clear on you… Read More »
Markets are on a Roller coaster ride whole of September and Volatility has been quiet high today most in recent time. Most of traders will be lured by the idea if one trade goes right i can make big money seeing the fall in RBL Bank/IBULLS but one wrong trade can wipe off the whole… Read More »