If you want to be a winner trading in the long run there are THREE elements of trading that you must have in place. If you do these three things you can not lose in the long term, if you are missing one you will likely not last very long as an active trader. These… Read More »
Everyone makes some sort of New Year’s resolution. And, 90% of them fails at following them for very long. The problem with such resolutions is, they are made because you already have trouble sticking to them, so one more promise is not going to change things for very long. But if this year was different,… Read More »
As the finale of 2015 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution. What are our top trading resolutions for… Read More »
In my decade-plus of working with both markets and traders, I’ve seen many things change and just as many things remain the same. Markets continually change, traders never do. Or at least we should say, human behavior expressed by traders never does. One of the most important things we can do for ourselves (which no… Read More »
Trading losses can end a career in a matter of a day, an hour, or in extreme circumstances even a few minutes. Here I outline some of the ways I have dealt with losses in the past and how I got over the hump. 1. Stop Trading Immediately – Pull your hands off the… Read More »
A frequent mistake most of trader do is to focus on making money. If a trader is not profitable which 0% of traders are , the primary focus must be to first stop the bleeding. I know we all come to trading with ideas of making money, and of course, that is the goal, but… Read More »
Trading discipline means controlling impulses and controlling emotions. When You are Trading based on emotions, loses are the Only result. But Why maintaining Trading discipline is often easier said than done. Usually the first problem arises when the markets are between market trends. Possibly you had a nice profit during a rally, but now the… Read More »
Most of traders in every kind of market, feel fear at some level. But the key to successful “profitable” trading, is in how we prepare ourselves to handle trading fears. How we prepare to deal with the risks inherent in trading. Mark Douglas, an expert in trading psychology, says this about trading fears in his… Read More »
Your Trading Strategy has generated the the BUY or SELL signal. All you need to do is log into your online trading account and place the order. But right at that moment, all the doubt and second-guessing comes to a head, and the buy or sell signal is never executed. Sound familiar? It’s probably the… Read More »
Over the years, I have seen several people (including myself) lose fortunes while trading stocks, and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene. It is a known fact 80% of traders lose money and 20% makes profits on the… Read More »