The winning trader is cold, calculating, and unemotional. Fear and greed control the masses, but if they are allowed to control you, you become one of the millions who can’t understand why they cannot make a profit when, supposedly, everyone else is. There are also other emotions, such as anger and disappointment, that can influence… Read More »
Man’s seasonal trend changes just as the market and he has his good and bad cycles. By keeping a record of your own trades, you can determine when your trend is changing one way or the other. I have been able to make as many as 200 consecutive trades without a loss. When I started… Read More »
1. 10,000 hours The greatest traders understand that trading much like being a doctor, engineer or any other focused and technical endeavor requires time to develop and hone the skill set. Now you wouldn’t see a doctor performing open heart surgery after 3 months on a surgery simulator. Why would trading as a technical undertaking… Read More »
When trading goes right, it can be a great feeling. When trading goes wrong it can be a nightmare. Fortunes are made in a matter of weeks and lost in a matter of minutes.This pattern keep repeating itself again and again.For a trader to be successful he must acknowledge this pattern and then break it.… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
At the broadest level, trading consists of analyzing, synthesizing, and doing. Analyzing is extracting information from markets, immersing ourselves in data. It is our look through the microscope. Synthesizing is assembling those data into a coherent picture, extracting pattern and meaning from the reams of market information. It is our telescopic view. Doing is taking… Read More »
Any quick drive through Las Vegas makes it pretty clear who is rolling in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Misplaced hope, fantasies about the big win, promising themselves they will walk away when they are up and still winning, and probably the inability… Read More »
If you ever met a successful trader one thing you would have noticed most of them in some part of there life were related to sports. What’s the connection between being an sportsman and stock market trader? I believe it has everything to do with the qualities and the mindset that these individuals have. I… Read More »
During my Trading session most of traders I interact with want to become Full time trader, They want to ‘Make enough money to leave their job and become independent.’ Well it might sound exciting but the reality is not what it seems. Let me give you a blueprint what should be the thought process before… Read More »
If you want to be a successful trader, You need to have a VISION on what you want to do and goal setting is the first thing traders should do. Unfortunately, many traders jump right into trading without giving the first thought to where they’d like their new found profession to take them. As per… Read More »