I don’t know any trader who doesn’t struggle at times with their emotions. Likewise, I don’t know any trader who doesn’t wish that they could control their emotions better. Here’s an excerpt from an email I just received from a trader named Srinivasa: I have a problem with hesitation. Even though I have a strategy… Read More »
Winning traders are courageous. They show courage when they risk their money, and face the possibility of losing it. They show courage when they follow their convictions, and possibly let their pride and ego get hurt. But courageous trading is a little more complicated than it appears at first glance. Courageous trading is not merely… Read More »
Source:Shared by Ravi 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,… Read More »
Few Important quotes which can keep you going into this amazing field of trading: Tony Saliba “How do you lose money? It is either bad day trading or a losing position. If it’s a bad position that is the problem, then you should just get out of it.” “Clear thinking, ability to stay focused, and… Read More »
Trading a new account is something that all traders have to do at some point (usually at the beginning of their trading career), so it is important to know how to trade a new account correctly, otherwise the new account may quickly become a closed account. Professional traders are created by learning about trading, and… Read More »
Understanding your own trading psychology is critical to being a successful Trader. Are you focused on trying to make money? Or are you more focused on trying not to lose money? The truth is that making money is the easy part. It is keeping it that is so hard. Most of the trade do have… Read More »
Money management is probably the most important and most overlooked part of building a successful career in trading. I often say that a successful trader is actually a risk manager, and although we all think it is about entering a trade, managing it is far more important. However, you must have confidence in your trading system… Read More »
A great excerpt from “Trading Rules: Strategies for Success” by William Eng. It’s a great reminder that market prediction is a fool’s errand: When you buy something, you want it to go up. When you sell something, you want it to go down. The chance of entering the trade correctly is small, but the chance… Read More »
How can a professional take the same trade as an amateur yet end the trade at a profit or be in a better position psychologically after taking a loss? Every trader experiences losing trades. Professionals and amateurs may have similar outlooks on a market, but oftentimes they end up with different results.So lets discuss the… Read More »
Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks. In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’. So if that is the case, then thinking in a very simplistic and… Read More »