During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and… Read More »
When trading you should maintain a businesslike attitude and take your investment seriously. There are common bad habits that can prove severely detrimental to your trading account and every trader should do his or her best to completely avoid committing them. 1. Unreasonable Expectations Most of you have heard stories of traders from Rs 50000… Read More »
Trading is difficult. Of the many that try, few realize enduring success. 90% are pure losers, It taken at least 5000 hours of screen time to be a successful trader, mind you its just one of the requirement of many you need to evolve yourself as successful trader. If you can work tirelessly, wait long… Read More »
Holding on to losing trades and getting rid of winning trades. Here we go again: the old but I dont like to lose argument. Its human nature to hold onto losses in the hopes that they will rebound. You will have losing trades; get used to that fact. Focusing on how you manage loss rather… Read More »
Every traders goal is to set himself apart from the crowd and avoid losing money. As the famous 90 Rule 90% of trader losr 90% of capital in 90 days. To be a consistent in trading, avoid making the following mistakes. 1. Looking for a Perfect System. Traders who skip around from one method, system,… Read More »
Using Your Intuition Skillful traders know how to use their intuition to make quick, conclusive decisions. There are times when going with your “gut” instinct can be shrewdly accurate. There are also times, though, where your intuition can be dead wrong, and nothing more than wishful thinking. A seasoned, profitable trader knows the difference, and… Read More »
To improve at anything, we must at some point push ourselves outside our comfort zone. Discipline Your Mind: This is what helps one to gain in the market on consistent basis. When the market movements as per your trading setup asks you to enter, book profit or loss just obey it. Do not let your emotion… Read More »
Great traders are often thought of Traders having very strict risk management, and very much well versed with their trading strategies . But an often overlooked trait which should always be mentioned is the successful trader’s ability to control emotions and do not get panicked in times of high volatility and do not get greedy… Read More »
Dont spent all your time admiring the fancy tools in the magazine. First learn how to use the basic ones well. Its not the size of your tools that counts but how you use them. Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time. Trading with poor… Read More »
Markets have been on a roller coaster ride since the start of new year week. These kind of markets are real test of trader. I firmly believe that anyone can learn to trade successfully, it’s also true that there are certain skills and abilities that one must be willing to develop before they can become… Read More »