What Does A Mechanical Trading System Mean? What Does A Discretionary Trading System Mean? We have discussed about different type of trading system,Once you are able to decide what type of system suits you next is important points to include as part of your trading system. 1) Positive Risk To Reward Ratio Risk to reward… Read More »
During my Earlier trading days when I was getting trained by my Guru A common mistake I used to make is trying to mimic the “intuitive” trading styles of My Guru in order to achieve similar levels of success but used to failed miserably. I still remember very vividly My Guru used to Smile when… Read More »
Markets have been trending last month and now as we have entered sideways market for the past few days,we are getting whipsaws in trading, resulting in losses.So how to deal with such situations and minimize the loss? The answer to the above question and for overall “good trading discipline” lies in sound money management practices.Money… Read More »
As traders, we use charts, data, and logic to analyze the market and develop a strategy or trade plan, but in the heat of the moment, emotion can often take center stage and drive the decision to enter or exit a trade. We’ve all experienced the downside of emotions –panicking and closing out a trade… Read More »
Most aspiring traders think you learn a trading methodology, master trading psychology and work on risk and money management and they will become successful trader. The fact is, things aren’t that easy. Understanding and listening to the markets and working on your trade execution is the Key here to be successful. Trading had 90% failure… Read More »
As we have extended weekend with Friday being a trading holiday spend some time in analyzing your trades and see what can we improved in your trading. Nifty has seen a rally of from 9260 to 9889 a move of almost 600 points in 3 trading session Have you ever looked back on the start… Read More »
As a Trader we are “hard-wired” to do all the wrong things till we have not trained our mind. You will always look for the easiest way to make money but unfortunate its turn out to be the easiest way to lose money. During my trading session I ask my students to sit down and… Read More »
I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Srinivasa: I have a problem with hesitation. Even though I have a strategy… Read More »
Disposition Effect: It’s a tendency to close a profitable position early and hold on to a losing position longer, hoping that prices recover. Researchers working at the Centre For Analytical Finance at Indian School of Business, after examining terabytes of data pertaining to trading behavior of retail and institutional traders, found that trading done by… Read More »
Intraday Trading is Buying and selling stocks,currency,crypto or commodities for the day, hoping to make quick profits.You might hear of lot stories of traders making million in a day trading but the hard fact is only 5% of traders are able to make money on a consistent basis. Why is that Reason being Traders State… Read More »