Trading discipline means controlling impulses and controlling emotions. When You are Trading based on emotions, loses are the Only result. But Why maintaining Trading discipline is often easier said than done. Usually the first problem arises when the markets are between market trends. Possibly you had a nice profit during a rally, but now the… Read More »
Most of traders in every kind of market, feel fear at some level. But the key to successful “profitable” trading, is in how we prepare ourselves to handle trading fears. How we prepare to deal with the risks inherent in trading. Mark Douglas, an expert in trading psychology, says this about trading fears in his… Read More »
Your Trading Strategy has generated the the BUY or SELL signal. All you need to do is log into your online trading account and place the order. But right at that moment, all the doubt and second-guessing comes to a head, and the buy or sell signal is never executed. Sound familiar? It’s probably the… Read More »
Over the years, I have seen several people (including myself) lose fortunes while trading stocks, and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene. It is a known fact 80% of traders lose money and 20% makes profits on the… Read More »
“The key is consistency and discipline,” says Richard Dennis who grew $400 into $200,000,000. “The key is consistency and discipline. I don’t think anybody winds up making money in this business because they started out lucky.” For legendary trader Richard Dennis, the importance of being consistent isn’t just theory. In 1984, on a bet, Dennis… Read More »
In Continuation with Previous Post Problems Created by Trading Loss The unfortunate part is that there is no easy fix How to Handle loss, but as a TRADER you need to get used to this. Losing sucks; as humans we don’t like it and it results in a steady stream of trading problems. The good… Read More »
For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the… Read More »
When it comes to trading psychology, in order to be successful in the markets traders must master HOW TO HANDLE LOSS. Loss aversion is being unable to accept a loss once in a trade. You tell yourself you’ll get out if you lose a certain amount, but just before getting stopped out you decide to… Read More »
You want to be trading opportunity, not your mood of the moment. – Brett Steenbarger Many traders I have interacted during my training session, one of the basic reason for loss is trading on mood, Somehow trader gets a feel and he does some aggressive trade which ultimately lead to “BIG LOSSES”. So lets discuss… Read More »
Trading success does not fall into our laps, sadly. The reason is to do with our inability to recognise a few simple universal laws and follow them. Our trading psychology is dominated by our ego and this prevents us from opening up to new ideas and change our habitual thinking and our trading minds. In… Read More »