Any quick drive through Goa Casino makes it pretty clear who is making in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Big hope of making good money in extreme short term. No Plan, Not understanding probabilities Not knowing when to Stop gambling Gambling based on… Read More »
This is the message one of my students wrote to me before taking our Trading Course “I don’t get it. I know there is good money to be made in trading (I see people doing it) and I’ve known success before. It’s not like I don’t know what a winning mindset is. I’ve proven myself… Read More »
The number one problem out there with most of traders is usually one of the following: Being ‘stuck’ with a position A position showing huge and devastating losses A single position that is way too big The underlying problem is always the same. At some point in time things changed and control shifted. You started… Read More »
One of the most basic human emotions dictating at least one decision each day is our confidence in a known outcome. This can be as simple as knowing that the sun will come up tomorrow or that the train you take to work will arrive on time (in many of our cities, of course, this… Read More »
Shared by Raj Successful traders are not only happily self-employed, they are also relentlessly, religiously self-disciplined. One simply cannot succeed in trading without discipline. In order to be consistently profitable, you must have strict rules of operation in regard to your trading, and you must consistently (i.e., all the time) follow them. This fact cannot… Read More »
Shared by RAJ Your ego will fight you and probably win in more ways than you can imagine. Youíll know the right thing to do, whether it is getting out of losers or adding to winners, yet you wonít be able to act. Often you will do the opposite of what you perceive is the… Read More »
Source While the world is obsessing with the fate of Evergrande, and more importantly when, or if, Beijing will bail it out, another just as interesting question is how did the company many call “China’s Lehman” get to the point of no return and become a global systematic risk. For a fascinating look into how… Read More »
It’s a known stats that 90% of traders end up blowing up their account and giving up within 3 months of there trading .But you don’t have to be included in this statistic when you can simply learn from their mistakes before you make them. If you have not yet already nursed the battle scars… Read More »
A Student of mine told me this “I am doing great when doing paper trading but when it comes to trading in the real world, I am still not winning as i am expecting myself to be.” The hard truth all traders eventually learn is that trading is far more difficult when you sit in… Read More »
If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t… Read More »