“You must be rigid in your rules and flexible in your expectations. Most traders are flexible in their rules and rigid in their expectations”. This should be one of the top quotes you keep near your monitor at all times. You may have read this quote prior to this, but perhaps many of you have… Read More »
One of the good guys (for me, at least) has always been Jesse L. Livermore. He’s considered by many of today’s top Wall Street traders to be the greatest trader who ever lived. Leaving home at age 14 with no more than five bucks in his pocket, Livermore went on to earn millions on Wall… Read More »
Trading System They trade a robust system or method that wins more money over time than it loses. Their system gives them a reward to risk ratio that is in their favor. Their system or method is proven to work with a live trading record over many markets and trades or has historical back testing. Trading with… Read More »
Muhurat trading is the auspicious stock trading practice for an hour on Diwali (Deepawali) is done traditionally to celebrate 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… Read More »
Just about every new trader who launches into trading before doing the proper homework ends up ‘blowing up their account’ which is generally considered suffering a 50% or greater draw down from their original equity starting point. Some of the signs of being in danger is just trading your opinion with no regard to finding … Read More »
The day the trader stops blaming the markets, politicians, or ‘They’ and ‘Them’ for losses and starts taking responsibility for their own trading could be the day that they begin to change from losing money to making money. In the end the market is like the ocean and we are the surfer, we choose… Read More »
Your level of confidence as a trader will have a huge positive impact on your success. The more confident you are the less time you will spend on second guessing your decisions. The more confident you are the more positive energy you will focus toward your desired outcome. WHERE IT COMES FROM Confidence is… Read More »
Rahul tells his friend, “I’m staying out of the markets for a few days.” “Why?” asks Raman. “I can’t trade under these conditions. I’m going to wait for the markets to change,” answers Rahul. “What a lack of confidence,” Raman taunts. “Maybe, but I’d rather be safe than sorry,” Rahul retorts. Does Rahul actually have… Read More »
Introduction It is important to understand, and if possible, emulate the qualities that most top traders/investors have, to profit from the stock market! Many of these qualities can be developed if there is a willingness to succeed. With a commitment to improvement in oneself, and adhering to certain business stratagems, profiting from the stock market,… Read More »
ANTICIPATION Phase: This is the stage where you will do the chart reading, try to find cha this is where all the left hand chart reading takes place in preparation for the right hand chart battle. It’s the PROCESS that precedes the ACTION to put on a trade. A technical trader anticipates that a past price… Read More »