Traders Best weapon 1.Control Your Ego “Everyone wants to feel like a winner. It’s tempting to pat ourselves on the back for making a winning trade, but it’s essential to face the facts: Many times a winning trade is a combination of an astute insight AND being at the right place at the right… Read More »
01. Anger over a losing trade – Traders usually feel as if they are victims of the market. This is usually because they either 1) care too much about the trade and/or 2) have unrealistic expectations. They seek approval from the markets, something the markets cannot provide. 2. Trading too much – Traders that do this have… Read More »
From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being a loser. That’s why most people prefer sticking to a losing position. They don’t want to be labeled a loser. So they start hoping their position will… Read More »
How much training you need depends on the job you want. If you want to be a janitor, an hour of training might do. Just learn to attach a mop to the right end of the broomstick and find a pail without holes.If, on the other hand, you want to fly an airplane or do… Read More »
1. Anger over a losing trade – Traders usually feel as if they are victims of the market. This is usually because they either 1) care too much about the trade and/or 2) have unrealistic expectations. They seek approval from the markets, something the markets cannot provide. 2. Trading too much – Traders that do this have… Read More »
Before taking a trade how many times have you thought i will buy at bottom and sell at top. How many times have you removed your Stoploss after feeding it but removed it once price started coming near Sl. How many times have you lost all profits earned in a trade and end up being… Read More »
Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its the Big traders who move the market and we end up making loss. Well i do not buy this reasoning. The most Important part in trading is trading discipline and trading system(Throughly… Read More »
By: Terry Ashman If you take a long or short position in the market, the market doesn’t care what price you got in at. It doesn’t care what price anyone got in or out at. It doesn’t care about your analysis or your trading methods. The market is totally impassive. It is always right. It… Read More »
As 2011 come to an end let me share an important aspect of trading Keeping losses small in order to avoid huge losses Why is that so? From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being… Read More »
By Jason Van Bergen It is simply not possible for any trader–whether amateur, professional or anywhere in between–to avoid every single loss. The disciplined trader is fully cognizant of the inevitability of losing hard-earned profits and, as such, is able to accept losses without emotional upheaval. At the same time, however, there are systematic methods… Read More »