Fear – To make money in trading you must be willing to take some risk. If Nifty is trading at all time high, Do not be afraid to take long or Short.The more you are scare of losing money the more likely you could lose. Bullish won’t dare to buy, bearish won’t dare to sell. Stick… Read More »
You offer your broker a car each morning so he doesn’t need to take the Mumbai local to get to the terminal by 9.15 am. The pink papers are the first to disappear from your lap when you fall asleep on a flight. Every third executive works through the day with the Moneycontrol site minimized… Read More »
Nifty Finally hit the Sacrosanct figure of 10000. As we have forecasted on 19 July As per time cycle till 9787 is held bulls can push nifty towards the scarocant figure of 10000 by 30 July. Below are the few observation as we hit 10000. Nifty has done the 3 fasted 1000 points journey, fastest… Read More »
ANYONE who works hard enough and smart enough can achieve both financial and personal freedom YOU are the only one responsible for your success or failure. Every decision you make is solely up to you. The stock market is a place where no one can tell you that you can’t buy this or aren’t allowed… Read More »
Traders trading without a trading plan and not having proper discipline are bound to loose in stock market, as they are unable to change the sides quickly end up being a loser. As per Stats only 5% traders are able to make money on “consistent” basis in the market in long run. So what makes… Read More »
Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology.The difference between… Read More »
1.Knowledge Knowledge about yourself, Your reaction when price goes in your favor, against you. Knowledge about your trading system and risk and money management. 2. Information You cannot trade without information. Information is required to evaluate any unforeseen influence entering in market. Knowing about results of company/Election results/Central Bankers meet. 3. Confidence With Confidence trader… Read More »
Source Dr. Van K. Tharp is a professional psychologist and trader coach who has come up with a very interesting set of trader personality types that novice traders can use to help assess their psychological suitability for the trading arena. Each of the fifteen trader types identified by Dr. Tharp conforms to a certain trading… Read More »
How do you know if your trading psychology problem is really just about trading or is a sign of larger problems? Here is a quick checklist: A) Does your problem occur outside of trading? For instance, do you have temper and self-control problems at home or in other areas of life, such as gambling or excessive spending?… Read More »
Larry Hite While the speculator doesn’t have the product knowledge or speed, he does have the advantage of not having to play. The speculator can choose to only bet when the odds are in his favor. That is an important positional advantage. In the above quote, Larry is referring to the fact that smaller retail… Read More »