On September 16, 1992 – later dubbed “Black Wednesday” — the day the British government abandoned the European Exchange Rate Mechanism (ERM), and the pound was devalued by 20% George Soros made over $1.2 billion on his short sterling trade and was dubbed “The Man Who Broke the Bank of England.” Soros funds management has… Read More »
Great traders are often thought of as talented anticipators of direction or momentum, or as exceptionally skilled risk managers, which many are. But an often overlooked trait which should always be mentioned is the successful trader’s ability to control emotions. Use Your Head! I definitely think every trader struggles with controlling our emotions from time… Read More »
by Janice Dorn, M.D., Ph.D. You must live in the present, launch yourself on every wave, and find your eternity in each moment…Henry David Thoreau How do we create our best life?How do we find that longed-for balance of fulfillment, orderliness, financial stability, and relationships? How do we produce the outcome we want in any… Read More »
I have interacted with many traders and first question i ask them during my interaction with them How much return you are expecting out of the market? I get some weird answer like 50% ,100% on monthly basis and little sensible answer like 15-20%. So lets discuss a scenario to understand risk management in trading… Read More »
by Reality Trader Have you ever heard something like “The market is a battle, be ready to fight with all you’ve got,” or “The market is a war,” or any variation of this theme? I bet you have, it’s a fairly common theme. But is it true, or better question might be: is this a… Read More »
Nifty Futures Moved from 5500 to 6000 and back from 6000from 5870 today. How many points were you able to made out of it. When I interact with my readers on Mail or Phone I feel most of the people loose money for reasons as mentioned 1. They are very rigid in there views —… Read More »
Risk/reward is set in concrete. Nothing in trading, with the exception of the process, is set in stone. I have seen that stone sink many peoples trading careers. Risk/reward is as much of a filtering process as it is risk management. We look at market in terms of volatility, it keeps us out of slow… Read More »
When markets are Volatile Overbought in Short Term May Reverse from the current trend as per technical Most common term used by traders/analyst is Tighten your Stop Loss/Use Trailing Stop Loss Stop loss order is an order to close position if/when losses reaches a particular point. In other words stop loss trade is an order… Read More »
Many traders have asked and discussed with me When i keep a Stop loss order its gets triggered and market reverses just from my stop loss level giving them a feeling of helplessness and most of them decide never to keep a stop loss order. The market often rewards bad behavior. You exit… Read More »
Managing the risk of ruin.Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin.When you do intraday trades or positional trades keep an eagle eye… Read More »