I am often asked during my trading sessions – how long does it take to learn how to trade ? That is a tough question to answer. The short answer is that a DISCIPLINE and COMMITTED person can learn the basics of trading in a couple months. The long answer is that it can take… Read More »
The Mind of the Losing Trader Winning Traders have faith in their trading system and do not jump from one system to another during losing steak. Almost all winning traders have come back from blowing up their accounts or losing a lot of money, they persevered while many others quit before they won. You… Read More »
There was a farmer in Africa who was happy and content. He was happy because he was content. He was content because he was happy.One day a wise man came to him and told him about the glory of diamonds and the power that goes along with them. The wise man said, “If you had… Read More »
Whether you are day trader, positional trader or swing trader ,there are fundamental skills that each trader should master. Skill-building activities will help you sharpen your ability to make money and cash in on critical market movements. 1. Never ever go for perfect trade but focus on consistency Consistent profits are achieved from winning more than you lose –… Read More »
What Image Flash in front of your eye when you think about “PERFECT TRADER” PERFECT TRADER would carefully formulate a detailed trading strategy,trading plan working on his emotions before/during and after the trade. Traders are humans, and they don’t always behave rationally. Indeed, they tend to be driven by fear, hope, and greed, and… Read More »
Sharing Few One Liners complied during course of time, I Keep near my trading desk, to keep myself on Track. Let winners run. While momentum is in phase, the market can run much further than might be expected. Do not exit winners without reason! Be quick to admit when wrong and get out of… Read More »
In my Last Article i have highlighted the importance of trading Journal. But what most of new traders do is record their trades over a period of time and keep record on Profit and loss. They fail to realize is that’s just the beginning. Keeping track of your trading performance is much more than just… Read More »
Today we saw the Biggest rally in market after 7 years, Nifty is almost up 411 points from yesterday panic low of 6825. Traders trading without a trading plan and not having proper discipline are bound to make losses in such market, as they are unable to change the sides quickly end up being a… Read More »
Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance. For example, a trader may notice that most of trades done after1:30 gives profit and done between 10-11 Am are generally… Read More »
1. Ask yourself do you really want to take trading as a profession Do not get excited seeing Big Profit shown on Social media by fellow traders. Do not get excited when someone tell you i am having a system which has 80% success ratio. Well all these can be true but the Million Dollar… Read More »