Successful Trader is Just the trader who follows a sort of Discipline to Save his Money from Being Lost! If you can Take care of Your Losses, Market will take care of the Profits Mindset of Successful Traders 1. I will wait for my Trade to come, Avoid taking Impulsive trades. 2. I recognize that… Read More »
” Patience is a virtue which many talk about but few have ” The most common trait of successful and profitable trader, they are “patient” and wait for right trading opportunity as per their trading system. Many amateur trading never reach the professional level because they “Over Trade” . Most of newbie traders fell more… Read More »
Lock down had given Best time to prepare yourself for the recession that’s ahead of us. You Can’t bet on job. You Can’t bet on business. You Can only bet on your own Learning which should not be outdated. In Trading most important thing is to focus on Learning. Do NOT experiment with capital and… Read More »
Came across a great article here by Brett Steenbarger titled ‘A Self-Help Crash Course for Traders’. The article applies a discipline called ‘brief therapy’ to address the issue of why traders can’t seem to control themselves and make the same mistakes over and over again. It has quite a number of good points. Here’s a… Read More »
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 »