Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks. In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’. So if that is the case, then thinking in a very simplistic and… Read More »
If you haven’t read this book “Reminiscences of a Stock Operator” written in 1923, read it! It is purpordetly the unofficial biography of one of the greates traders ever; Jesse Livermore. The rules Jesse followed back at the turn of the last century are still very much applicable today. 1) Don’t lose money. Don’t lose your… Read More »
Richard Wyckoff, like Jesse Livermore, was a Wall Street stock trader in the early 1900s. Wyckoff’s first job in 1888 was as a 15-year-old stock runner on Wall Street. By the age of 25, he had his own brokerage office. He also published his own market magazine and advisory newsletter.He studied the stock market investing… Read More »
There is very little that is new in the world of trading psychology but mastering the basics and mastering our mind is essential if we are to develop as highly efficient traders. The following are common discipline issues and suggestions to counteract them. Discipline is needed if you are to succeed as a Equity,Commodity or… Read More »
The first and most important rule is – in bull markets, one is supposed to be long. This may sound obvious, but how many of us have sold the first rally in every bull market, saying that the market has moved too far, too fast. I have before, and I suspect I’ll do it again… Read More »
This is part of the all-important–but sometimes overlooked–aspect of “trading psychology.” I will admit that when I first got into this fascinating business, I was skeptical of the whole “trader psychology” thing. My main concern at that time was learning as much about markets and technical analysis as I could–and my trading mentality or psychology… Read More »
Trading is a profession which requires a person to be disciplined, control over his emotion, risk management. 90% of Traders fails in this profession only 10% excel. So what makes trading so difficult? I have compiled few rules which you should adhere with and read it daily when you had a bad day. These… Read More »
Compiled Article from Market Wizards Michael Marcus “The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that… Read More »
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 »