I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »
Many of us believe we’re in control of our emotions when we trade, but sometimes we run into weaknesses. Maybe we become too attached to a stock, or get out of it too soon when it doesn’t perform as expected. Let’s explore some ideas that can help, including keeping a trading checklist to help prevent… Read More »
Most traders realize that trading involves a lot of psychology. And most traders readily admit that a significant portion of their trading losses, or lack of performance, is due to “psychology”. Although the term ‘psychology’ isn’t always mentioned as an explanation, you can see it easily enough in the following statements ”I froze just as… Read More »
Dr. M. Woodruff Johnson One of the best article in recent times Rahul did it again, another big loss day, another day where he did not follow his trading plan. Rahul had taken trading courses from some very so called trading gurus. He had a trade plan, which covered minute details and was quiet comprehensive.… Read More »
When we speak of “The Trader’s Mindset” what are we really talking about? Many of my students often ask me this question and we talk about it a lot during our Mentoring Session. When we trade the markets we approach the markets each and every day with a psychological mindset or set of beliefs and… Read More »
In trading, like in several other disciplines, the most consistent person wins. If you keep adjusting your trading strategy, you’ll probably never get to see consistent trading results. Consistency comes first in your actions and (fairly) consistent results from the market come second. That is not to say that you have to stick to the… Read More »
Bramesh Sir I don’t know what’s wrong with me. Technically I know how to trade. I know what to do. In paper trading, I can practically print money. The problem is that I do not do what I’m supposed to do when the money is real. I have rules, but at crunch time – I… Read More »
When you want to make something, it takes time to get it done. A fashion designer initially has an idea, he draws a sketch, gets the material, cuts out a pattern, finally the pieces of fabric are sewn together according to the template – and the garment is finished. Behavior change is born like a… Read More »
Trading is very lucrative because of its low entry barriers like: Anyone can open a trading account easily. You can start trading even with low capital. You can trade from anywhere using just a laptop or a mobile. We have read the stories, heard the rags to riches stories, and even known real people close… Read More »
If you’re reading this blog post because you actually think there is some one thing that successful traders know that unsuccessful ones don’t, then let me first say: There is no single secret to successful trading! And by that I mean there is no secret wisdom passed down from master to pupil, or sacred texts… Read More »