During my trading session when I talk to my students reasons for losing trades , I noticed a pattern that seems to pop up pretty often when talking about losing trades. As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at… Read More »
All those talks about proper money management and follow your trading plans are not secret to day trading success. They are principles to keep you out of trouble only. They are similar to what kindergartens teach the kids so that they would not do stupid things to harm themselves. The real secret to day trading… Read More »
Trading losses can end a career in a matter of a day, an hour, or in extreme circumstances even a few minutes Like What happened today after bank recapitalization most of PSU’s up 20+% in opening. Here I outline some of the ways I have dealt with losses in the past and how I got… Read More »
A lot of books have been written about the two sides of our brain. The Left Side which is the more linear, formula based, procedure oriented brain and The Right Side which understands design, symphony and context. Nobel Laureate Daniel Kahneman calls it System I and System II. System I – is the one which… Read More »
When I started trading back in 2000, like most novice, traders I was actually gambling. I was luck that I found my Trading Guru who helped me in this difficult journey. Traits of a gambler: I did most of this in my early days so speak from experience Failing to follow strict money management… Read More »
By Rahul T We are all numb nuts. Including me. And the best part – We don’t know that we don’t know. It’s called ‘Dogmatism’ – an unshakeable belief that we know something to be true even if we don’t. It’s difficult to accept, I know. So let me take you on a wild goose… Read More »
Source Some people find fault like there is a reward for it. – Zig Ziglar. The boss was visibly upset as he spoke to his assistant, “Ms. Gomez, you know I have an important meeting this morning, but you were not here. Why were you late?” Frantic, Ms. Gomez blurted out, “Sir, I was so… Read More »
Overview The Average True Range (“ATR”) is a measure of volatility. It was introduced by Welles Wilder in his book, New Concepts in Technical Trading Systems in 1978, and has since been used as a component of many indicators and trading systems. The average true range indicator is an oscillator, meaning the ATR will oscillate… Read More »
Happy Dussehra. May Lord Ram’s blessings be showered on you. A day of celebrations of good over evil. We celebrate “Ram’s victory over Ravan”. And it happened thousands of years ago. And we continue to do celebrations and stopped at that. Only a handful have gone on to fight the good fight to overcome the… Read More »
– Source Alex Green. I owe it all to her while my mother wasn’t a stay at home mom, she was certainly the rock that held our family together and kept me on the straight and narrow. She convinced me to save my money earned at my high-school job, and to do my homework and… Read More »