A random person is pulled off the street and given 100,000 to trade. They have no prior experience which, on the bright side, means they have no bad habits, emotional baggage, or preconceived notions. Before trading they go through a five day crash course on market basics (order entry process, chart reading, pattern recognition, etc…). … Read More »
Go through the below Points and Decides Which side you are on ? Losers don’t set stop loss order expecting to be faster then the market in case of reversal; winners know that any time news can make the price reacts suddenly. Therefore use protective stop loss in case of news release. This one… Read More »
What a week this one was. Wild, sharp, quick, and volatile moves. If you held a position more than 5 minutes the odds are that you felt some pain financially or emotionally. Big winners turned into small winners and small winners turned into big losers in the time it took for a restroom break. Markets… Read More »
It is clear that Technical Analysis has worked in the past and continues to work for many successful traders and investors today. But what are the common aspects that are being were used by these successful market technicians? Unfortunately due to the extreme secrecy surrounding nearly all of these traders, the specific methods that they… Read More »
One of the top three things that will determine the success of a trader is the trader’s psychology, the weakest part of any trading plan is the trader and stress can knock a trader out of trading faster than anything else. You have to trade like it is a business. Realize that it is highly… Read More »
Edward Arthur Seykota is a commodities trader who pioneered Systems trading by using early punched card computers to test ideas on trading the markets. He famously said: ” Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible.” Below are the points he has… Read More »
Today again we saw the volatile swing in market, going down on bad news making a panic bottom and than rising during the second half of session. Traders trading without a trading plan and not having proper discipline are bound to looses in such market, as they are unable to change the sides quickly end… Read More »
Amateur traders find trading is shortcut way og getting rich quickly, But traders needs to be aware of the stressful aspects of trading and what to do deal with them.Its inevitable a trader has to experience this stressful time in his trading career. Below we have discussed stressful situation experienced by traders and how to… Read More »
If “A Trader” wants to make profits on consistent basis, it very crucial to learn the art of filtering ” the noise that separate us from the actual price action.” Basically for a trader its just “Trader V/S The Market“. What many traders don’t realise is that, their success is really down to their ability… Read More »