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 »
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 »
How do you go about building a trading plan? What do you need to consider, and what type of trader should you be? The last question is a logical place to start – deciding the type of trader you want to be, and understanding why. Type of Trader When creating a trading plan, a trader must decide the style of trading… Read More »
Aspiring traders often ask me whether or not it’s really possible to make a living trading the market. The short answer is yes. The longer answer is, yes you can make a living trading the market but you have to consistently do a lot of things right. Most traders simply do not yet possess the… Read More »
“The goal of a successful/Great trader is to make the best trades. Money is secondary.” Great traders do not have to be right about any one trade, their success is based on winning more than they lose on a large amount of trades. Great traders do not need trade ideas from other traders, they trade… Read More »
1. Lack of direction. Traders often fail to establish clear goals and create plans to achieve those goals. When traders fail to develop complete business and trading plans before entering the market they are setting themselves up for failure. 2. Impatience. This occurs when traders try to accomplish too much too soon, or expect to get results far faster than… Read More »
Everyone knows that chasing price is usually not beneficial, we either end up catching the move too late, or we get poor trade location, which makes it more difficult to manage the trade. However, there are other forms of chasing that are just as common, maybe more common, and just as counter-productive. Traders who are… Read More »
If you had gotten out of the market when these movies were released, you’d definitely have missed some big moves…to the upside. Wall Street came out after the crash of ’87 in December 1987, and taking money off the table for the multi-year bull market that followed would have been a big miss. Boiler Room came out… Read More »