Day trader vs professional trader. Rules are what separate a day trader from a professional trader. The only good time to break a rule is never. Barriers are made to be broken not rules, you can have one or the other not both. The most important rule. A trader must create their own rules. They… Read More »
“My work has gotten better due to simplifying my approach,” John J. Murphy Murphy said he relies heavily on five or six “useful” technical indicators, including relative strength indicators, trendlines, moving averages, Bollinger bands, classic chart patterns such as triangles and double tops, and Fibonacci retracement levels. “You must trade a combination of technical signals,… Read More »
Day trading is not an easiest job to do,There have been studies to prove that only 10% day traders actually make money. 7% of those day traders are breaking even and 3% are the traders that are actually making money. Let me share my experience what qualities a trader require to be a professional day… Read More »
The first attraction for someone to enter market is the fantasy world of day trading where Traders think they can make huge money on small capital taking huge leverage. The attraction of day trading is that traders can very much control their own hours. Most of traders who gets involved in day trading are not… Read More »
May Expiry is coming to an end, Have a look at your ledger and see were you able to make profit for the series. If yes Well and Good If no ask yourself the following questions: 1. Do I treat my trading like a business? Have I prepared for it the way I would for… Read More »
Yesterday I gave my analysis on United Spirits, Buy call got stopped out and Sell achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in United Spirits as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was… Read More »
Trading lessons from worlds best traders sharing their experience in one liner. Must read for trading community. On the school of hard knocks: The game taught me the game. And it didn’t spare me rod while teaching. It took me five years to learn to play the game intelligently enough to make big money when… Read More »
Maslow one commented that, when all you have is a hammer, you tend to treat everything as a nail. So it is with psychologists that involve themselves in markets. Lacking an understanding of actual speculative strategies and tactics–not to mention portfolio construction–they reduce performance problems to the lowest, psychological denominator. In so doing, they confuse… Read More »
Many traders have asked me this question, What shall be my Seed capital for trading. Shall this be 50K , 1 Lakh, 10 Lakh etc. Well as a trader you need to take informed decisions before you commit your capital to Mr. market. Its a well known fact many of traders enter market due to… Read More »
“Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself”. – Marty Schwartz. – I’ve said it before, and I’m going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to divorce my ego… Read More »