Few Important quotes which can keep you going into this amazing field of trading: Tony Saliba “How do you lose money? It is either bad day trading or a losing position. If it’s a bad position that is the problem, then you should just get out of it.” “Clear thinking, ability to stay focused, and… Read More »
Emotions have no place in trading,specially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading system… Read More »
90% of Intraday Trades are losers, Intraday trading without a proper plan and trading system is equivalent to gambling which most of traders get indulged into. Before betting your hard earned money to earn quick returns its always better to know and understand the the fundamentals of intraday trading, if you hope to make money… Read More »
All successful traders have one common, yet very important ingredient in their trading methodologies: a game plan. “Many traders and investors go through their sometimes very short investing lives planning trades they never execute and executing trades they never plan.” “Experience has proven that success follows the wise trader/investor who identifies an effective strategy, and… Read More »
If you are a disciplined, follow the rules trader, then I am sure you are familiar with the many and various ways the stock market can play tricks on you. For instance, a disciplined, technical trader will adhere to a particular strategy based on current market conditions. In so doing, trades are assessed and entered… Read More »
Just a reminder – The Most Important Part of the Trader Success Model – YOU While You are trading or planing to take a trade, It YOU from making a trade plan till trade execution irrespective of profit and loss.Many traders gives excuses like Market is bad so we lost money , Do remember market… Read More »
William O’Neil is likely one of the greatest traders of our time based on many things. O’Neil made a huge amount of money while he was only in his twenties, enough to buy a seat on the New York Stock Exchange. He runs an amazingly successful investment advisory company to big money firms. He is… Read More »
Every trader need to Identifying his Strengths and Weaknesses Trading requires as much honesty as is objectively possible. To be able to go over each trade and determine what you did right and what you did wrong requires putting ego aside for the benefit of becoming a better trader. You have to be able to… Read More »
Different shapes and forms. Failure comes in all different shapes and forms. The distance you fall after a failure, time it took to get to the failure,and whether you get back up determines that shape and form. I realize there are a million posts on why failure is important but success is important, especially in trading.… Read More »
I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »