1. Trade With a Clear Mind Do not make emotional decisions. Realize that emotions are emotions. What differentiates the successful traders from others is how we recalibrate our reactions to our emotions. Clear mind will never have Trading Fear I was watching an interview with a surfer. The interviewer asked him what he does when… Read More »
One of the most difficult things to get traders to understand is that no matter how much they research apply n number of indicator, they will probably do better if they did less and follow a single strategy. We as Human beings are wired to accumulate and analyzed lot of information ,This is certainly counter-intuitive, when… Read More »
There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay attention to this kind of overstimulation is the height of madness, even for professional traders. The most storied and… Read More »
Paul Rotter is arguably the most successful individual futures trader executing trades on the Eurex exchange primarily in the Bund. Every trader can aspire to imitate Paul’s success as he is proof that it IS possible for a small trader to build on his success and grow into the biggest most active speculator around. Q:… Read More »
W.D.Gann’s Rules: No One Owes You Anything You must succeed on your own. It is all up to you. The markets, stockbrokers, brokerage firms, news letters don’t owe you anything. Gann never took anyone’s newsletter. He did it all himself. The markets are there to provide you a service for buying and selling the markets you are… Read More »
Most of the time, you want to own the stock before it breaks out, then sell it to the momentum players after it breaks out. If you buy breakouts, realize that professional traders are handing off their positions to you in order to test the strength of the trend. They will typically buy it back… Read More »
Over many years of trading, I’ve found certain principles to be true. Understanding and using basic principles provides an anchor of sanity when trading in a crazy world. Whenever I find myself under stress, questioning my judgment or my ability to trade successfully, I pull out these basic trading principles and review them. Don’t Try… Read More »
Exit from your trading positions is an important quality a succesful traders needs to develop.-The exit is critical to being a successful trader. Let your winners run and your losers run out quickly. Two factors determine your exit, the Target and the Stop loss you have set on entering the trade. Today was a classic example, for trades who… Read More »
Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology.The difference between… Read More »
How do you feel when the trade you made went against you and you need to incur loss. The first thought an amateur trader will have is “This was not supposed to happen!”. There was no way it could work against you. After you have booked loss comes the most testing time for trader:Ideally a … Read More »