Need to be in Trade Syndrome is one of the main reason for many trading account going Bust. One of the keys to successful trading is eliminating any feeling of ‘needing’ to be in a trade. We had Monetary Policy today, My Inbox was full of question with traders asking How we should trade, What… Read More »
A Student of mine told me this “I am doing great when doing paper trading but when it comes to trading in the real world, I am still not winning as i am expecting myself to be.” The hard truth all traders eventually learn is that trading is far more difficult when you sit in… Read More »
Source The above chart is taken from The Ten Tasks of Top Trading Click on the Link to read in details I am summarizing my Understanding which should be used by traders to be successful. Daily self analysis: My Guru used to tell me, Real Trading start after market closes, During market hours you… Read More »
Trading is a profession where its Survival for Fittest, You need to work hard for making money, even if you are having 10 years of experience but still you might be losing money. So what are the qualities of loss making traders, If you are having any of them, start working on getting rid of… Read More »
Any quick drive through Goa Casino makes it pretty clear who is making in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Big hope of making good money in extreme short term. No Plan, Not understanding probabilities Not knowing when to Stop gambling Gambling based on… Read More »
Ashok Leyland Positional Traders can use the below mentioned levels Close above 85 Tgt 87/89 Intraday Traders can use the below mentioned levels Buy above 85 Tgt 85.8, 86.7 and 87.5 SL 84.6 Sell below 83.4 Tgt 82.5,81.4 and 80.3 SL 84 Sintex Positional Traders can use the below mentioned levels Close above 84 Tgt… Read More »
A trading plan is a set of rules, to define your trading activity. The time you sit in front of screen till the close of trade everything should be documented in trading plan. It has your entry,exit, profit booking SL levels and also your psychological strength and weakness. It can be an extremely useful tool… Read More »
Here is a sequence I observe among many losing traders Trading Day begins with uncertainty. The trader isn’t having any trading plan, Just saw global cues but not sure which way the market is going, but feels the need to make a trade. Instead of sitting back , making a plan and let the level… 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 »
Most professional traders trade one lot of Nifty Future for every 1.5 Lakh in their trading account. Most of Retail Traders trade one lot of Nifty Future for every 50K-60K in their trading account 90% of Retail trader blow their account in less than 1 year. One of the main reason for losing money is… Read More »