Tenali Ramakrishna, fondly remembered as Tenali Rama, was a 16th-century court poet at the Vijayanagara Empire in India. He hailed from a town called Tenali. He is remembered even today for his extraordinary wit, brilliance and wisdom. What is it that we want in life? We may have a long list ready – ranging from… Read More »
Before diving into the world of trading, it’s essential to have a well-thought-out business plan, especially if you’re planning to make trading your full-time occupation. This plan should address several critical questions, such as: How much capital do I need? What will be my expected annual rate of return? How much can I afford to… Read More »
Introduction: Trading in financial markets can be incredibly rewarding, but it also comes with significant risks. Whether you are a beginner or an experienced trader, avoiding common mistakes can mean the difference between success and failure. This blog post delves into the top 10 mistakes traders often make and offers practical advice on how to… Read More »
I recently received an email from a reader of my blog, asking a question that resonates deeply with many traders: “What’s the most effective way to break bad habits? I’m working as a full-time trader and have strict rules of risk management. I’ve learned the rules, but I can’t seem to stop making mistakes because… Read More »
In the world of trading, one would assume that with the plethora of sophisticated charts, extensive fundamental analysis, and in-depth experience with price action, most traders would be profitable. However, the sobering reality is that the majority of traders do not succeed. Instead, they contribute to the profits of the minority who have mastered the… Read More »
What is a Yen Carry Trade? A Yen carry trade involves borrowing money in Japanese Yen (JPY), which typically has low-interest rates and a weak currency. Hedge funds and other investors take advantage of this by borrowing in Yen, then selling the Yen to buy other currencies. With these proceeds, they invest in various risky… Read More »
1. Introduction Trading is more than just numbers on a screen; it’s a test of strategy, discipline, and psychological fortitude. Ram represents the epitome of what a trader can achieve with the right mindset and approach. This article will explore Ram’s journey, breaking down the elements that contributed to his success and offering actionable insights… Read More »
Trading in the financial markets can be a fierce and challenging endeavor, requiring not only a solid strategy but also the right mindset. One of the most powerful analogies for effective trading is to “Trade Like a Shark.” Sharks are known for their aggression, opportunism, and relentless pursuit of prey. These traits can be invaluable… Read More »
Introduction In the world of trading, self-awareness and continuous improvement are crucial for success. Brett Steenbarger’s “The Daily Trading Coach” offers invaluable insights into how traders can leverage feedback mechanisms—referred to as “mirrors”—to gain a deeper understanding of their performance and behavior. This comprehensive guide will explore the concept of finding the right mirrors, why… Read More »
Introduction In the dynamic world of trading, emotions play a pivotal role in shaping decisions and outcomes. Successful traders understand the importance of managing emotions and transforming negative feelings into positive actions. One powerful technique for achieving this is trace-formation. This concept, introduced by Brett Steenbarger in “The Daily Trading Coach,” focuses on reprogramming the… Read More »