Many novice market trader take Stock Markets for granted and a money spinning machine. They have difficulty facing a cold, hard fact about the stock market: You can’t get rich over a small period of time.When a new traders sees options doing 50-100% in matter of couple of days they get allured towards trading and… Read More »
Re-posting an Old Article as we approach the end of 2016 so as to work on our mistakes and make the Journey of 2017 more profitable. The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how… Read More »
Source by OLIVIER Stage Four: The Squiggle Trader Stage If you don’t quit, you’ll move into the “squiggle trader” phase. Since you failed with patterns and so on, you figure there’s some “secret weapon”, a “holy grail” that’s known to the select few, something that will help you filter out all those bad trades. Once… Read More »
Source by OLIVIER Very interesting description of how traders evolve over time. The pieces of advice Bo Yoder and Vadym Graifer give at the end of the article are spot on. Definitely worth reading as every trader worth his salt can relate to all the different stages. Enjoy. Stages of a Trader Stage One: The… Read More »
We are all numb nuts. Including me. And the best part – We don’t know that we don’t know. It’s called ‘Dogmatism’ – an unshakeable belief that we know something to be true even if we don’t. It’s difficult to accept, I know. So let me take you on a wild goose chase… Listen to… Read More »
An Engineer has to clear till 12 Class, than Clear Pre Engineering entrance test Like IIT/PET. Get into a good college he needs to again clears 42 Exams in 4 years and finally, after probably years of training and education, he gets a Job and there again he need to take training to lead bigger… Read More »
In all my years of trading and talking to fellow traders, I have noticed that retails traders suffer from mostly 3 mental blind spot which affects there trading .Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account. Being Undisciplined and Uneducated A trader who… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
Self-Confidence plays a vital role in trading success. I want to share a few things that helped me develop a winning and positive mindset. As a trader 3 vital things which every trader should focus on are mentioned below Burning Desire – Market will test your will power, Its a school of hard knocks and if… Read More »
Lets try to correlate Stock market with one of the famous childhood story of SIX Blind men and Elephant Story goes something like this Once upon a time, there were Six blind man. Once They heard someone talking about elephant which make then curious what exactly is an Elephant. To satiate themselves they took a… Read More »