“A stock operator has to fight a lot of expensive enemies within himself.” – Jesse Livermore As Old saying says Learn from the mistake of other so as you do not have to repent again. Jesse Livermore was a pioneer in the trading world. He was one of the very first trend traders, rule based… Read More »
I’ve been getting a lot of questions about Trading Confidence ,today we will discuss on trading confidence. In my experience as a trader and performance coach, I see three types of confidence among traders, and the type of confidence is of critical importance when it comes to discipline. The three types of confidence: False Confidence… Read More »
Winning traders take responsibility for all their trades win or lose. Losing traders play the victim of algos, the RBI, and blame the markets for their losses. Winners have a trading plan Losing Traders have emotions, ego, and blame. Winners find a way to be profitable. Losing Traders find an excuse why… Read More »
In Continuation with Previous Article How to Cure Your Trading Problems Step 4 – Commit to your plan and commit to persistent discipline Persistence means that you continue doing something even in the face of difficulty or adversity. In trading, persistence is a key ingredient to success. If you cannot muster the discipline to persistently… Read More »
Being in denial of one’s trading problems is the most dangerous stage of the trading journey. At one point or another, all traders go through this ‘denial stage’ with their trading problems, and how fast they get through it or if they get through it, is what determines when they get on the path to… Read More »
The Bear– This trading animal believes the market will be going down and plays the short side. Bears think that a market is going to be very red. The Bull– This trading animal is very optimistic that the market will be green. Bulls love to buy and believe their screen will be full of green.… Read More »
Don’t get out of a trade when you are afraid get out when your trailing stop or stop loss is hit. Don’t enter a trade when you are greedy for profits get in when you get an entry signal. Don’t take a huge position size because you are greedy for profits, trade a planned position… Read More »
The Perfect Trader The Perfect Trader is patient with entries and exits. The Perfect Trader is focused on what works not personal opinions. They do not worry about missed trade. The Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are… Read More »
If your not sure and don’t have an edge, cash IS a strategy. If you are on a cold streak, reduce size by 70% and tighten stops for a week. Stocks aren’t people, they cant be trusted, an algorithm doesn’t care that you think you know the story or the chart. Don’t be “all in”… Read More »
First of all: Happy Maha Shivratri !! On this auspicious occasion We as traders should make resolutions that should enable us to finally escape the unprofitable trading behavior . The truth is, after one week of great trading, most traders will fall back into old patterns and desperately chase the millions they think they can make… Read More »