Make Rational Decisions – Do you have a plan to enter and exit your trades? Or do you just wing it? If you have a plan, write down your rules, and make sure that you trade your plan. If you don’t, or can’t, follow your rules, hire someone who can. Respect Risk – Stock Market is… Read More »
80% of trading is behavioral, maybe only 20% is based on the other things that a trader does. Like much of personal finance it is not the math but the behavior that makes all the difference. Most people’s problem with being broke does not lie in their budget it is due to their behavior of… Read More »
Never, NEVER cancel a stop loss. I know, I know, every time you have a stop loss in the market, the market moves just enough to stop you out, right? Well it might mean that you should evaluate where you place your stops (this is where good trading journals come in handy), but once you’ve… Read More »
Keeping a trading journal with all your trades is good but at the end of day numbers are just gonna be numbers and they don’t really tell the whole story. If you’ve already caught yourself thinking that you’re doing “something” wrong over and over again but you don’t know what it is, maybe it’s time… Read More »
The last week in Stock Market has been a roller coaster ride which would have stressed traders a lot. Professional traders know what havoc can trading stress create in both professional and personal life, so trading stress needs to be controlled. Lets discuss few steps which will help in stress mitigation. Controlling trader stress requires… Read More »
Here are ten things I believe are needed to be a great trader. It will surprise some that predicting, stubbornness, reading a balance sheet, or stock picking is not on here. It is all a game of risk management, mind, and a robust system. Everything else is just noise. Passion for trading, only passion can… Read More »
Intraday trading should be done without any ego.One should follow the trading system to make decisions and not anticipate the market to perform as per personal expectations.Market does not listen to anyone its a WILD ELEPHANT. Flexibility and discipline are key for a successful trader.Be flexible in changing position and discipline in taking profits… Read More »
There’s an interesting thing that happens in our lives when we decide on goals. We feel crisper and sharper. Our senses are honed. We begin to measure the world by a different barometer. Most of us are accustomed to mundane goals and how to measure them: Lose weight; get on a scale. Save for a… Read More »
You might have heard the saying “The Trend Is Your Friend” and that you should “Trade The Trend.” But sometimes this is easier said than done. In this article I will show you an easy easy to identify and trade the trend. How To Identify A Trend Way back in the 90s I used fundamental… Read More »
Will Your Trading Strategy Stop Working If You Tell Other Traders About It? If you browse around trading forums or listen to traders talk you will eventually hear that traders fear that their profitable trading strategy stop working if they talk with too many other traders about it. But do you really have to fear… Read More »