Majority of Traders who trade Stock markets know when/How to enter the trade but 95% of traders do not know when not to enter the trade or when not to trade. Trader should trade when opportunity arises based on his trading system and trading strategy. Knowing when not to trade is also a vital part… Read More »
The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how you are going to make “a lot of money”, I said some blah blah but Honestly speaking I did not had any concrete answer. Somewhere in… Read More »
Phases of Trade Analysis The Expectation Phase: A technical trader anticipates that a past price pattern will repeat again, so he identifies the pattern, locates a current one and determines a suitable match is present. Technical analysis is nothing more than finding previous price patterns matched with current market conditions. As the Old saying Goes… Read More »
Every trader who starts trading wants to trade big accounts but very few of us actually get to do this. Most traders are stuck with trading relatively small accounts not more than 5 lakhs and most of them go bust. Trading a small account requires very strict risk management and money management with strong mental… Read More »
Trading is the most difficult profession in the world, especially if you’re trading for a living. If it was always easy, everyone would be doing it and making millions sitting comfortably in their offices. No matter how simple, powerful, and proven a great trading system is, there are always going to be times when your… Read More »
Over many years of trading, I’ve found certain principles to be true. Whenever I find myself under stress, when market whipsaw me, I pull out these basic trading principles and review them. Don’t Try to Predict the Future When I started trading I used to think that there were experts and geniuses out there who… Read More »
By AJ What makes top traders stand out from the crowd and achieve results that for the most are just behind imagination? The key to success is being mentally tough What does it take to be mentally tough? There are three qualities for traders who say they want to perform at the highest levels. 1) Be Ambitious Can… 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 »
In day trading, the big emotions can take over and mess up your strategy and your returns. The enemies are doubt, fear, and greed; like any bullies, they have their toadies, including anger, anxiety, boredom, and depression. Doubt: Day traders have to act fast to place their buy and sell orders. There isn’t time to… Read More »
Regrets are fine to have as long as you act on them. “I did exactly the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game.… Read More »