It does not matter whether you are reading sophisticated trading books or just browse around online trading forums, almost every trader seems to be aware of the fact that psychology has a big impact on trading performance. However, the way emotions affect trading decisions are very complex and not that obvious at the first glance.… Read More »
Setting a goal and planning how to achieve it can help traders push past their fears. Setting up goals will make sure trader learns from his mistakes. Trader will study both winning and losing trades to understand what went right and how he could improve on his technique. Over time, trader will be able to… Read More »
Everyone says that psychology is the most important part of trading. So if trading is 80% psychology, what makes uppsychology? I believe psychology can be broken down into two parts: patience and discipline. This article focuses on discipline, and why it is so essential to your trading success. A disciplined trader gets consistent results… Read More »
There are really four types of trades Good Trade Bad Trade Winning Trade Losing Trade Most people think that a losing trade was a bad . That is absolutely wrong. You can lose money even on a good trade. If the odds on a trade are 50/50 and the payoff is 2 versus a 1… Read More »
You look at mountain ranges and see 5-wave structures and 61% retracements. You look at the night sky & see a hammer pattern instead of the Big Dipper. You know that Head and Shoulders isn’t referring to a shampoo. You go to the bathroom during market hours and it costs you Rs 50000.… Read More »
FRUSTRATION: “Your success as a trader at times hinges on your ability to conquer frustration. Frustration will always appear on the path toward greatness. Some will triumph over it, while others succumb to its pettiness. When you encounter obstacles on your trail toward achievement, remind yourself that they were placed there in order for you… Read More »
In Continuation with Previous Post 5. Trading On Emotions This is a weakness faced by most traders, not only new market entrants. The fear of losing money makes it hard for most new traders to make risks. Greed gives rise to many poor decisions that result in a depleted trading account. Trading on emotions is… Read More »
Truth be told, when you are new at something it is very easy to make mistakes. Unfortunately, in the Stock market you will find that almost all new traders make the same mistakes over and over again. To have a steeper learning curve and gain more from your trades, you need to identify the common… Read More »
Most people who get into trading seem to be attracted by the lure of making big money and making it fast . . . or so it would seem by the pitches and promotions from vendors that offer services or products that promise to deliver what traders are seeking. Greed is a great motivation for… Read More »
Whether we admit it or not, many of us are lured into the world of trading because of the potential to make big money. There are instances when traders are just in it to win it, leaving them less focused on the process and solely on the profits. During these times, trading can have the potential… Read More »