All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
I am often asked during my trading sessions – how long does it take to learn how to trade ? That is a tough question to answer. The short answer is that a diligent person can learn the basics of trading in a couple months. The long answer is that it can take a lifetime… Read More »
As a trader, you have probably heard the old adage that it is best to trade with the trend. The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. Believe What… Read More »
As its a long weekend, market has been Topsy turfy in past 4 trading session, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he transformed himself in a profitable trader.The same story repeats with many traders and hope the example… Read More »
Have you ever been stuck in a rut? All you can think about is how behind you are and how hard it will be to come back: “I haven’t made enough winning trades. What am I going to do? I’ll never make it back.” It’s natural to panic a little when you’re first starting out… Read More »
“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 »