Money management is the single most neglected and overlooked key in the trading business. In my experience, money management is by far the most essential element to actually making significant money from the markets! Everyone spends such an enormous amount of effort, trying to find ways to optimize entry into the markets, or develop systems,… Read More »
People will go to great lengths attempting to avoid discomfort. And as traders, much of what we do is in response to being uncomfortable. This is an extremely critical concept to understand and explains many trading problems and mistakes. The problem is not in being uncomfortable per se, the real problem is that our efforts… Read More »
Source Paul Tudor Jones II: “The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. … If they are going against me, then I have a game plan for getting… Read More »
When a String of bad trades erodes your trading account emotions are high and expectations get lower and lower. Most traders spend a large amount of time fighting themselves on the path to trading success, often without fully realizing what it is they are fighting against.In the end, we know that we have no one… Read More »
During my Training Session This is the Most Important question I ask my Students. What is really important to you in your trading? Knowing Why you want to be a trader is very essential for being a profitable trader. They inform you about what sort of trader you want to be and can help you… Read More »
Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology.The difference between… Read More »
Recently, a couple people I know packed up and quit trading after struggling for a long time to hold their heads above water. They didn’t make it. This isn’t unusual of course – this profession has a high failure rate – but it frustrated me. It frustrated me because I could see potential in them.… Read More »
Source The above chart is taken from The Ten Tasks of Top Trading Click on the Link to read in details I am summarizing my Understanding which should be used by traders to be successful. Daily self analysis: My Guru used to tell me, Real Trading start after market closes, During market hours you are… Read More »
Any quick drive through Goa Casino makes it pretty clear who is making in the money – the Casinos! Why do gamblers keep going back despite losing most of the time? Big hope of making good money in extreme short term. No Plan, Not understanding probabilities Not knowing when to Stop gambling Gambling based on… Read More »
We are going to Discuss a Case Study of one of My Student How we were able to help him to get rid of a bad Trading habit as part of Psychological and Performance Coaching, Many of readers would also be facing the same trading problems can learn from the below case study and apply… Read More »