It’s kind of strange in a world with no rules (like trading) that it’s so important to have a specific set of rules that you follow religiously. I mean, let’s be honest, trading really doesn’t have any rules. You can get in whenever you want. You can get out whenever you want. You can add… Read More »
This is something you’ll hear successful traders say all the time. If you’re going to be a successful trader, you will have to learn to love taking a loss. Basically, what that means is it does not bother you to have a losing trade. Don’t get me wrong, you’re not going to be happy to… Read More »
ACTING IN YOUR OWN BEST INTEREST It is the most important concept you can learn in order to be a successful trader. If you can master this skill, you can be very successful in this business. But without it, you are destined to fail. It really is that simple. If you can learn to act… Read More »
In the fast-paced world of trading, success is often attributed to a combination of skill, strategy, and timing. However, one aspect that is often overlooked but equally crucial is the trader’s mindset. Cultivating discipline and patience forms the bedrock of a winning mindset in trading, enabling traders to navigate the volatile markets with resilience and… Read More »
The Market is used to fool traders, for often when stocks look the weakest on the tape, they are the strongest as accumulation is taking place. At other times when they are booming and very active and appear the strongest, they are really the weakest, because the insiders are selling while everybody is enthusiastic and… Read More »
With the advent of New Financial Year 2024-25 from 1 April 2025 we all should make resolution for improving our trading results for coming Financial year. Trader should DARE the Mr Market for 2016-17. Let me explain it in more details: Discipline Analyze Risk Education Discipline Every time we begin our trading sessions, we need… Read More »
You should keep a trading journal of every trade you make! Backtest every system for at least 1,000 trades! Brush your teeth before bed! All of this is sound advice. However, how many traders actuallyfollow this advice? Do you? I would bet that less then a third of you reading this article keep a trading… Read More »
Trading in financial markets can be an exhilarating endeavor, offering the promise of financial independence and wealth creation. However, along with the potential for profit comes the unavoidable presence of stress. The fast-paced nature of trading, coupled with the inherent uncertainty of markets, can create significant psychological pressure on traders. This stress not only affects… Read More »
“A stock operator has to fight a lot of expensive enemies within himself.” – Jesse Livermore As Old saying says Learn from the mistake of other so as you do not have to repent again. Jesse Livermore was a pioneer in the trading world. He was one of the very first trend traders, rule based… Read More »
There are many Stock Market Traders few are truly successful. Many traders fail for the same reasons being the extreme amount of leverage.When money is on the line, our emotional attachment to it can take over our decision-making process. I thought it would be helpful to examine most common trading problems resulting from mental breakdowns.… Read More »