Many people think trading is the simplest way of making money in the stock market. Far from it; I believe it is the easiest way of losing money. There is an old Wall Street adage, that “the easiest way of making a small fortune in the markets is having a large fortune.” I discuss below… Read More »
Learning to accept losses as part of the game and cutting them short is the single most important step towards becoming consistently profitable. It sounds simple, but in reality is extremely difficult for everybody. Why? Because we’ve been taught that giving up is for losers and we should fight till last breath. I certainly agree that you should not… Read More »
A compilation of Trading Quotes which will be helpful to control your emotions during trading. Read them Daily before markets starts Belive me it will helpful in removing the mental blockade which you experience during your trading. An avaricious or keen desire for profits is one of the most prevalent causes of failure in… Read More »
By Robert Prechter, Jr. President and Founder of Elliott Wave International When I first began trading, I did what many others who start out in the markets do: I developed a list of trading rules. I created the list piecemeal, with each new rule added, usually, following the conclusion of an unsuccessful trade. I continually… Read More »
Nifty did a one way ride for Jan and Feb 2 weeks. One of the most spectacualr rally. These kinds of rallies have been coming and will be coming for next many many years. But important thing is were you part of this rally,If yes were you on right side ie. Long side. Most of… Read More »
Confidence can be an important psychological tool for the trader – important enough to make the difference between a winning trade and a losing trade. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely… Read More »
An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They… Read More »
Nifty did again the Unexpected Making everyone Bearish Today Blue Channel talking about 4600 Traders holding Bulk of Puts and Than came the U-turn and an awesome rise in 15 mins. Traders who were short need to cover at high price or might be still holding the shorts in a HOPE of nifty coming down.(Well… Read More »
Today Nifty opened Gap Down and than continued its downtrend till it reached the 4842 levels set up a panic bottom than a pullback and than again a decline before closing hours.How many traders blindly shorted at open levels and end up in losses and How many must be averaging there longs at 5100-5000 levels… Read More »
“Good trading is 10% technology and 90% psychology. People defeat themselves. It doesn’t matter how often you repeat basic trading principles when almost no one will practice them.” (Maoxian) People lose money at the stock market for very simple reasons: They don’t have a method at all. They rely on other people opinions. People don’t… Read More »