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 »
For years, I was losing money because I didn’t get it. Not really. You hear it everywhere, it’s probably the best-known trader’s mantra in the world: Cut Your Losers Fast And Let Your Winners Run But most of traders are unable to implement the same in their trading. Today we will discuss the reasoning behind it. Loss… Read More »
Below are the Important Points from The Disciplined Trader by Mark Douglas. Shared by Shirish Intro Reaching the level of success they desire as traders will require them to make at least some, if not many, changes in the way they perceive market action. The markets have absolutely no power or control over you, no… Read More »
Every trader want to develop/Learn a winning trading system It doesn’t matter if you purchase one and tweak or develop out your own trading system. A trading system is a set of rules that gives buy and sell signals without any ambiguity or any subjective elements.The primary aim of a trading system is to manage… Read More »
Have you seen Virat Kohli T 20 performance in 2016: 91, 59, 117, 106, 8, 90*, 59*, 50, 8, 49, 56*, 41*, 23, 55*, 24, 82*, 89*, 75, 79, 33, 80, 100*, 14, 52, 102*. He has not achieved this due to some luck, it was the culmination of years of practice translated into a… Read More »
Trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, you also have to be able to execute your trade as per your rules and trading plan. Market will always test you and any trade your become overconfident market will give… Read More »
Everything that you can do wrong as a trader is going to be the result of what you’re afraid of and the effects that fear has on your perception of market information. It’s not just the recent things outside of ourselves like the market or our trade setups that CAN AFFECT our trading performance. If… Read More »