In Continuation of Part -I Build You should have back tested and trusted trading system, rather than plucking one from the internet. I know it’s very tempting to simply copy the trading system of some (supposedly) successful trader, and it might very well be a very profitable strategy but the fact that it works for… Read More »
I am often asked during my trading sessions – how long does it take to learn how to trade ? That is a tough question to answer. The short answer is that a DISCIPLINE and COMMITTED person can learn the basics of trading in a couple months. The long answer is that it can take… Read More »
In Continuation of previous Article Habits That Are Essential to Becoming a Highly Profitable Trader-I Passion and Fire to Keep going The most successful traders are passionate about what they do. They love trading however taxing it might become and they are ready to put lot of hard work.With such a trader, you will find… Read More »
I’m sure you’ve heard that the two main emotions that enter into trading are fear and greed. Today we will discuss about Fear of Losing. Many Traders i have interacted with have one common question why i am unable to ride my trade to the fullest. In the ongoing rally in World Markets many traders… Read More »
If you have been researching trading related topics for some time, it’s very likely that you’ve heard that statistic that 95 percent of traders, or even more, fail in trading and lose money. Trading is a highly competitive business and you have to make complex decisions all the time that decide about whether you can… Read More »
One of the good guys (for me, at least) has always been Jesse L. Livermore. He’s considered by many of today’s top Wall Street traders to be the greatest trader who ever lived. Leaving home at age 14 with no more than five bucks in his pocket, Livermore went on to earn millions on Wall… Read More »
What’s the difference between an amateur and a professional trader? Amateur Trader works on “Knowing What To Do” (KWTD) Professional Trader works on “Doing What You Know” (DWYK). To perform well in the markets you need more than just skills,knowledge and a strategy with an edge or some competitive advantage. You need to have a… Read More »
By AJ What makes top traders stand out from the crowd and achieve results that for the most are just behind imagination? The key to success is being mentally tough What does it take to be mentally tough? There are three qualities for traders who say they want to perform at the highest levels. Be Ambitious Can you… Read More »
Many readers have asked me the following question: “What we are watching and what we are doing is totally opposite ?” “What we would like to act and trade and we do something reverse than that as soon as we see the trading terminal! “ “I do plan ,than trade but anyhow it goes unfollowed… Read More »
Trading is a profession that demands a MILITARY level of discipline. Not only do you have to stick to a set of trading rules, you also have to be on the line when market surprises you with wild move the one we saw today on India -Chinese Tension. Self-discipline gets you consistency, and consistency makes… Read More »