Only six percent of the people who attempt to become professional traders actually succeed. Why do most fail? Lack of passion When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this… Read More »
During our training sessions with students we are very specific to make them understand you have lost money not because of market but the main reason is Your brain doesn’t like to lose.Its all there in your subconscious mind which is responsible for profit and loss for a trader. Brain remembers everything. How you trade… Read More »
“A trader is the weakest link of any trading system” (Alexander Elder) During one of my trading Seminar a student asked the following “After 4 years of winning and losing hundreds of trades and blowing out several accounts both demo and live, trying different systems, experimenting with many strategies, I am still unable to achieve… Read More »
Knowing why you are in the trading You can start by asking yourself: Why are you in the trading ? What was your initial attraction to trading? Are you thinking about it as a business or a hobby? Are you passionate about your trading? Does trading feel like a lot of work? What are your… Read More »
THE BEGINNERS LUCK SUCKER PUNCH In Gambling, this thing is called Beginner’s Luck. More often than not the first gamble makes you money. Gamble of any kind. I tried Horse Racing too. It applies everywhere. Why does that happen ? Why does God hate his children ? I think God has a lot of work… Read More »
Only six percent of the people who attempt to become professional traders actually succeed. Why do most fail? Lack of passion When people come into the world of trading many think that they only need to learn a strategy and follow the rules of that strategy. And, there are some people who actually do this… Read More »
Trading is a profession and nothing less. Most professions such as medical, legal, psychological,pharmaceutical, technical, mechanical, engineering, etc., require several years of education, study and effort. Not to mention the money required for learning the necessary skills. Then it takes many more years of actual practice to develop the skills and gain the experience to… Read More »
Most of traders develop trading systems based on patterns we see in price action or in momentum or other indicators. But, what if we took “time” into account as well? When ever we talk of TIME, one person which come to our Mind is legendary W D Gann. But there are many other famous traders… Read More »
Trading is a completely different animal entirely. I’m not condemning any approach to the markets at all. Cycles work, astrology works, Elliott Wave works, Gann methods work, trend line breaks work, technical analysis works, fundamental analysis works, moving averages work, oscillators work, chart patterns work, etc. However, no approach, no matter how good, will work… Read More »
What is Risk? Risk is exposure. In trading, risk refers to exposure to the price changes of a stocks/index. Often, risk makes people wary of trading stocks, commodities, or currencies. It is true that risk is an integral part of every trade. In other words, there is no such thing as a “risk free” trade.… Read More »