People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes. The problem is not in being uncomfortable per se, the real problem is that our efforts… Read More »
The New Market Wizards 1. I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time. 2. I basically learned that you must get… Read More »
As we approach the end of 2016 as a trader its prudent to reflect on the mistakes you have done and make sure those mistkes are not repeated again in coming new year. Regrets are fine to have as long as you act on them. Here is a list of common regrets that traders… Read More »
Many times during your trading you would have not followed your trading plan and made loss. As a trader you Know following my trading plan is only Key to my trading success but still you fail to follow your trading plan. Lets understand today what stop us from following our trading plan and how can… Read More »
Self-Confidence plays a vital role in trading success. I want to share a few things that helped me develop a winning and positive mindset. As a trader 3 vital things which every trader should focus on are mentioned below Burning Desire – Market will test your will power, Its a school of hard knocks and if… Read More »
Market are on tear past few days after US Election Results and Demonetization of 500 and 1000 Rs note. In order to avoid becoming a casualty of the herd mentality and selling at the wrong time, consider these three strategies to keep your cool in a declining stock market environment. Emotional trading can lead to… Read More »
Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and Elephant Story goes something like this Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a… Read More »
Got from a Blog Reader.. Worth a Read An insightful post from Dave Kelly asks the question, *”Why is it so hard to be inactive*?” in markets. Many a trader I’ve known has traded very well and profitably, only to see those profits vanish through unnecessary trading. They have trouble with patience, with the not-trading… Read More »
By Raj The greatest number of losing traders is found in the short-term and intraday ranks. This has less to do with the time frame and more to do with the fact that many of these traders lack proper preparation and a well thought-out game plan. By trading in the time frame most unforgiving of… Read More »
Muhurat trading is the auspicious day on the day of Diwali is done traditionally to celebrate the Hindu New Year. It is a symbolic ritual which has been performed for years. As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings in wealth and prosperity… Read More »