Continued from Previous Post Do You Trade The Market or Your Emotions ? Develop and Stick with a System Successful traders have a system. They stick to their system of trading religiously, even when it seems like it might not be working perfectly. You have to determine exactly what is wrong with a trading system… Read More »
In Trading, letting your emotions control you will lead to disaster. Instead, you need to have a powerful mindset, or what we call the Strong Trading Psychology. This is a focused psychological framework that will help you develop selective, wise, and patient trading methods. The most successful traders exhibit these mental habits which help them… Read More »
1. Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming. 2. Buy the first pullback from a new high. Sell the first pullback from a new low. There’s always a crowd that missed the first boat. 3. Buy at… Read More »
One of the fundamental principals of trading stocks, or anything for that matter, is; you never play with money you cannot afford to lose. You should not be trading money needed daily expenses. The reason for this is, no matter how sound a system or piece of advice may sound, trades often go against you. Trading money you can… Read More »
Master Your Emotions Thanks Mr Harshvardhan for sharing. Both Videos carries a very nice message for traders which can be used both in Trading and Normal Life. How to Win the War
Stock Market did a one way ride last weeks from low of 7940 till today’s high of 8250. One of the most spectacular rally seen in small time frame.Last 6 days Nifty has closed in Green. These kinds of rallies have been coming and will be coming for next many many years. But important thing… Read More »
1. Trading is simple, but it is not easy. 2. When you get into a trade watch for the signs that you might be wrong. 3. Trading should be boring. 4. Amateur traders turn into professional traders once they stop looking for the “next great indicator.” 5. You are trading other traders, not stocks or… Read More »
Advancements in technology and COVID Lockdown have ensured people working from home can start trading. Many new traders have entered the market during March- April and have made deecent gain in last few months. Many traders are even thinking about taking trading as a full time profession. There is nothing simple or painless about trading… Read More »
Few Important quotes which can keep you going into this amazing field of trading: Tony Saliba “How do you lose money? It is either bad day trading or a losing position. If it’s a bad position that is the problem, then you should just get out of it.” “Clear thinking, ability to stay focused, and… Read More »
“The Trader’s Mindset” is what a amateur trader need to work on to move in category of professional trader. Any World Class Athlete you would have seen give much importance to the MINDSET before any big game. So its only your MIND you need to TRAIN to be a good trades. Millions of strategies but… Read More »