The New Market Wizards 1. I don’t think you can consistently be a winning trader if you’re banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time. 2. I basically learned that you must get… Read More »
As we approach the end of 2016 as a trader its prudent to reflect on the mistakes you have done and make sure those mistkes are not repeated again in coming new year. Regrets are fine to have as long as you act on them. Here is a list of common regrets that traders… Read More »
Self-Confidence plays a vital role in trading success. I want to share a few things that helped me develop a winning and positive mindset. As a trader 3 vital things which every trader should focus on are mentioned below Burning Desire – Market will test your will power, Its a school of hard knocks and if… Read More »
Market are on tear past few days after US Election Results and Demonetization of 500 and 1000 Rs note. In order to avoid becoming a casualty of the herd mentality and selling at the wrong time, consider these three strategies to keep your cool in a declining stock market environment. Emotional trading can lead to… Read More »
Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and Elephant Story goes something like this Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a… Read More »
Got from a Blog Reader.. Worth a Read An insightful post from Dave Kelly asks the question, *”Why is it so hard to be inactive*?” in markets. Many a trader I’ve known has traded very well and profitably, only to see those profits vanish through unnecessary trading. They have trouble with patience, with the not-trading… Read More »
Muhurat trading is the auspicious day on the day of Diwali is done traditionally to celebrate the Hindu New Year. It is a symbolic ritual which has been performed for years. As Diwali also marks the beginning of the New Year, it is believed that muhurat trading on this day brings in wealth and prosperity… Read More »
In Continuation with Previous Article Lack of Patience Trading is game of waiting, its Like Lion going for His KILL. If Trader has Lack of Patience big profit will not come and if Big profits do not come long term sustainability is not possible. Its a well known thing markets trend only 20% of the… Read More »
Why Do Traders Lose? This study showed that less than 2% of traders were profitable net of all fees. In fact: 40% of day traders quit within a month 87% of traders quit within 3 years 93% of traders quit within 5 years All sorts of reasons are given for it, such as money management,black… Read More »
As a trader, you don’t have to be super smart, many Doctor Engineer and Scientist who were best in their field have failed in trading miserably and few of my students who have not even graduated have done wonders :). Whats the difference The Successful traders can control their emotions and are mentally very very … Read More »