Trading seems so easy: Find a good setup, place a bet, close out the trade and take home the profits. Enduring trading success is easier said than done, however. Trading experts note that even those traders who achieve early success don’t maintain it. It’s easy to make a series of profitable trades early in one’s… Read More »
To trade in Stock market Many people have left high-flying careers to become full time traders.Sadly, many of them have lost their fortunes and bankrupted themselves in the same market. So what makes the difference between successful traders and failures? There are a few essential things that successful traders live by to achieve and retain… Read More »
If you want to be a winner trading in the long run there are THREE elements of trading that you must have in place. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader. These… Read More »
Trading isn’t easy, especially if you’re trading for a living. No matter how simple, powerful, and proven a great trading system is, there are always going to be times when your fortitude is tested. There are always going to be times when the market chews you up and spits you out. At such times, you… Read More »
• In life, if you risk everything enough times you will eventually lose everything. Instead, just move in the direction of your goals every day, so even with setbacks, in the long run you will get to where you are going. • Before making any decision in life, the question: “What do I have to… Read More »
Trading is a performance activity Like the playing of a concert instrument or the playing of a sport, trading entails the application of knowledge and skills to real time performances and this is the core idea behind my most recent book. Success at trading, as with other performances, depends upon a developmental process in which… Read More »
Carl Icahn Net worth: $20 billion At 77, Icahn enjoyed another strong run in 2012, beating the U.S. stock market and most hedge fund managers. The investment pool he manages for himself and his employees returned more than 20% in 2012, thanks to bets on Hain Celestial Group and CVR Energy. Icahn, who was born… Read More »
Fear, hope and greed are probably the three most common emotions traders deal with. Holding on to losers, exiting too early, or jumping in before confirmation are just a few examples of the things we do when emotion manages our trades for us. Trading without well-defined boundaries can be tempting, especially when things like intuition… Read More »
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 »