Source One of the most basic of human instincts is to avoid pain and to seek comfort. This makes sense. No one wants to experience pain; we prefer pleasure and comfort. In trading, however, pursuing what’s comfortable is frequently not a good idea. Trading for Comfort There are many examples of trading decisions that are… Read More »
I have an opportunity to Interact with lot of trades as part of my blog and my training classes which has been a great learning experience for me over the years. I’ve witnessed most of new traders falls in 2 category Traders want ready made tips and advisory services Traders focused on developing a “… Read More »
Livermore’s views on hope and fear lie at the heart of successful trading. He describes how traders fail when they allow hope of recovery to prevent them cutting their losses and fear of losing a small profit to make them sell prematurely, when more profit would have been available if only they had the nerve… Read More »
Australian cricketer-turned-commentator Dean Jones, in an interview for Wisden, observed that two-thirds of Sachin Tendulkar’s game is based around defence. Most of the shots in any Sachin century, he says, are based on forward defence, back-foot defence and letting the ball go. As any coach would vouch, letting the ball go is possibly as important… Read More »
One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed daily expenses. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against you. Trading money you can… Read More »
We’ve allowed this culture of money to shut down our heart, close off access to our soul, and drive us such that we behave in ways that undermine and erode the very center and core of our most human values. I believe it’s possible to transform our relationship with money and the culture of money… Read More »
As per data analysis, trading with no strategy or trading edge has a 50% chance of success over a long series of trades. Markets at all time highs its time to ask yourself did you make money in this move, If yes you are the few disciplined one who have made money if you have… Read More »
Source During my interaction in trading session, Many traders complained they feel exhausted,loss of energy during trading hours,and when opportunity comes are unable to capitalize over a rewarding trade. Today we will discuss above how to maintain high level of energy during trading hours. Top traders are able to maintain high energy throughout the whole… Read More »
In a recent survey,I held on my Twitter 63% of traders indicated that they would like to be able to trade without emotion. Is this the same for you? Would you also like to be able to trade without emotion? The reality is that you could not trade without emotion, and when you understand this… Read More »
Being a Greedy and Carefree Most traders are no different from gamblers at the casino; they are all just chasing the ‘big win’. It’s an addictive game that gets in your blood and doesn’t get out until you blow off your trading account multiple or more times. Stop chasing the big winner on every trade… Read More »