I have put a Poll on Twitter (https://twitter.com/brahmesh), Which emotion is the toughest for you to control when trading? Sharing the Poll Results till now, 43% said its FEAR which is dominating them and become difficult to control. Strong emotions have affected your trading. Most of traders put lot of efforts to overcome this problem… Read More »
Have you seen Virat Kohli T 20 performance in 2016: 91, 59, 117, 106, 8, 90*, 59*, 50, 8, 49, 56*, 41*, 23, 55*, 24, 82*, 89*, 75, 79, 33, 80, 100*, 14, 52, 102*. He has not achieved this due to some luck, it was the culmination of years of practice translated into a… Read More »
Every trades have experienced strong emotions in his/her trading and have struggled with them. One of the main reason for erratic trading results ie. Having big loss because you stayed on the trade hoping the market will reverse or missing out on big profit by exiting early have been attributed to emotions. Strong emotions have… Read More »
90% of traders are gamblers because they trade without a plan, risk and money management and eventually blow of their account and blames market for their losses.Whether you Buy OTM options thinking of some black swan events or buy stocks thinking its the next multibagger . Any trade taken without a plan is considered as… Read More »
Priming is an implicit memory effect in which exposure to one stimulus (i.e., perceptual pattern) influences the response to another stimulus. Will discuss 2 case studies to make you understand the PRIMING concept. Two groups of subjects in a psychology experiment are asked to memorize those words in a list that begin with vowels. The… Read More »
Trading is not an easiest job to do,as it requires year of practice with control over emotions over a period of time to be profitable on consistent basis. Let me share my experience what qualities a trader require to be a professional day trader Never Buy Auto Buy and Sell Software Most of traders are… Read More »
We cannot control the market but we can control our trades and many aspects of our trading mindset. When you go through a trading loss do you ever find yourself blaming something outside yourself? Today Nifty had a decent fall and if you made loss today You can Blame Bank of Japan, “the system” –… Read More »
The money’s made in the sitting and the waiting, not the trading… Jesse Livermore “The snake which cannot cast its skin has to die.”- Friedrich Nietzsche “There are a lot of shoes on the shelf; wear only the ones that fit. If you’re extremely confident, taking a loss doesn’t bother you.” – George Soros Do… Read More »
Raj had been watching the Nifty futures all morning, waiting patiently for a trade. Finally,Nifty came near His entry levels based on his trading system. He looked carefully at the price action he used to qualify his trades. Everything met his criteria. Price had turned bullish and signaling long should be taken. “There’s no flaw… Read More »
What have been said many time as a trader you need to preserve your trading capital.But trading is not just about managing your trading capital, but also about keeping your emotional and psychological capital intact. Today we will discuss how you can preserve your Mental capital and why this is more important than trading capital… Read More »