Trading in the financial markets is a journey filled with valuable lessons and evolving strategies. As traders progress through various phases of their careers, they gain insights and adapt their approaches to improve their chances of success. In this comprehensive guide, we will explore these phases in depth and delve into the critical milestones within… Read More »
Introduction The world of trading is an intricate dance between risk and reward, strategy and execution. For developing traders, this journey is marked by both triumphs and trials. Amid the highs and lows, one constant thread weaves through the narrative: the invaluable lessons learned from mistakes. In this article, we embark on the journey of… Read More »
Introduction Trading in the financial markets is often perceived as a battle of wits, where success is attributed to sound strategies, technical analysis, and the ability to predict market movements accurately. While these factors undoubtedly play a crucial role, there exists a hidden asset that can determine the difference between a successful trader and one… Read More »
There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay attention to this kind of overstimulation is the height of madness, even for professional traders. The most storied and… Read More »
In the complex and fast-paced world of trading, there is a prevailing belief that success is tied to sophisticated strategies and intricate analyses. However, seasoned traders often emphasize the power of thinking less and keeping it simple. In this article, we will explore the fundamentals of trading and how adopting a simple and clear approach… Read More »
The Bitter truth abut trading enemy is: You are your own worst enemy in trading, as its you who make the one making decisions and your emotions are usually getting in the way and you are your own worst enemy. If you’re a trading junkie, you’re going to be reading a lot of books, taking a lot of… Read More »
Profitable trading requires more than just luck or chance. It requires a deep understanding of the markets, disciplined execution, and adherence to universal principles that guide successful traders. In this article, we will explore the key principles that can help traders master success and achieve profitability in their trading endeavors. Risk Management Effective risk management… Read More »
Many individuals are attracted to the idea of trading for a living, enticed by the potential financial rewards and the freedom it can provide. However, trading is a challenging and competitive endeavor that requires a unique set of skills, traits, and dedication. In this article, we will explore what it takes to succeed in the… Read More »
The “need to be in a trade” syndrome is a common challenge faced by traders, where they feel compelled to constantly be active in the market, leading to impulsive and often poor trading decisions. This syndrome can arise from a fear of missing out, a desire for constant action, or a lack of patience and… Read More »
Does it sound familiar I am very poor at taking loss when a SL is hit,and exit quickly as soon as profit is seen on my trade.You tell yourself you’ll get out as soon as SL is triggred, but just before getting stopped out you decide to hold onto the trade and let the loss… Read More »