If there’s a single theme that dominates discussions of trading psychology, it’s discipline. Traders are routinely encouraged to control their emotions, stick to their processes, keep journals, whatever. If you lapse in your trading, it’s because you’re not sufficiently disciplined. Call it the puritanical approach to trading: if you don’t stick to the straight and… Read More »
The largest academic study ever conducted on day trading shows that most traders lose money even during a bull market. Only 5% of active traders were able to earn significant profits two years in a row. Are 95% of traders dumb? Hardly. As a trading coach , I believe traders are among the intelligent and… Read More »
1) Strategy – There are so many different strategies: value, growth, momentum, short selling, etc. Find one that fits your personality and do your best to master it. The fastest way to learn is to study success. In other words, find someone who is successful at the strategy you like, and then mimic them with your… Read More »
Is it time to be aggressive? Are you sleeping today thinking how much money you’ll make tomorrow? Are you counting your profits before you’ve even sold it? Are you imagining tomorrow’s going to be another strongly trending up day? Believe me… you are not alone. Upward strong momentum following upside strong surprises releases euphoria in… Read More »
As a trader you will not be right all of the time. If you can accept your imperfection, and work within it, you will be much more successful: If you have a perfectionist mentality when trading, you are setting yourself up for failure, because it is a “given” that you will experience losses along the… Read More »
Stress kills, and trading is among the most stressful of any profession. Stress-related illness accounts for between 75-90%. Take any disease known to man, and you will find:It’s caused by stress It’s made worse by stress If you get it, you will have stress In this faster and faster forward world where traders are bombarded… Read More »
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 trading… 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 »
At one point or another, everyone who has interactions with the market asks oneself, “Why is trading so hard?” There are legitimate reasons why trading should be difficult: markets are highly random; whatever edge we can find is eroded by competition from smart, well-capitalized traders; some traders work within various constraints; and markets are subject… Read More »
The market is not physical. It’s an amalgamation of the mindset of all trading participants. The daily tug-of-war between the bulls and the bears reveals what they are thinking on a daily basis. Make sure to look at the market’s close in relation to the session high and low. Never buy just because the price… Read More »