Trading is not an easiest job to do,as it requires year of practice with control over emotions over a period of time to be profitable on consistent basis. Let me share my experience what qualities a trader require to be a professional day trader Never Buy Auto Buy and Sell Software Most of traders are… Read More »
We cannot control the market but we can control our trades and many aspects of our trading mindset. When you go through a trading loss do you ever find yourself blaming something outside yourself? Today Nifty had a decent fall and if you made loss today You can Blame Bank of Japan, “the system” –… Read More »
The money’s made in the sitting and the waiting, not the trading… Jesse Livermore “The snake which cannot cast its skin has to die.”- Friedrich Nietzsche “There are a lot of shoes on the shelf; wear only the ones that fit. If you’re extremely confident, taking a loss doesn’t bother you.” – George Soros Do… Read More »
Raj had been watching the Nifty futures all morning, waiting patiently for a trade. Finally,Nifty came near His entry levels based on his trading system. He looked carefully at the price action he used to qualify his trades. Everything met his criteria. Price had turned bullish and signaling long should be taken. “There’s no flaw… Read More »
What have been said many time as a trader you need to preserve your trading capital.But trading is not just about managing your trading capital, but also about keeping your emotional and psychological capital intact. Today we will discuss how you can preserve your Mental capital and why this is more important than trading capital… Read More »
The most difficult aspect of trading is “handling your own emotions”as a Human Being we are emotional and if emotions are removed out of us there will not be difference between Robot and Humans. As a trader its always good to be MINDFUL about our emotions and this is what a great trader have done,… Read More »
Most of Retail traders tend to think that the FII’s have some sort of secret knowledge/system/Inside News that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit doubling tripling their money in matter of months and most of them are underfunded and a professional… Read More »
Regular readers are emailing me lately about the change to a longer-term Bull trend potentially, as Indian markets are rallying hard from the low made on 29 Feb at 6825 we almost have seen a 1000 point rise. The biggest aspect of trading is keeping your mindset stable so as not to Buy at the… Read More »
As traders one of the most important but neglected topic is Risk Management. If you want to become a consistent profitable trader risk management needs to be mastered upon. It is what keeps us in the game as traders. During my interaction with traders I am often surprised to find that many traders have no… Read More »
In Continuation of previous Article Secrets of Highly Profitable Traders Part-1 1. Passion and Fire to Keep going The most successful traders are passionate about what they do. They love trading however taxing it might become and they are ready to put lot of hard work.With such a trader, you will find that the trader enjoys… Read More »