From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being a loser. That’s why most people prefer sticking to a losing position. They don’t want to be labeled a loser. So they start hoping their position will… Read More »
“Observation, experience, memory and mathematics – these are what the successful trader must depend on. He must not only observe but remember at all times what he has observed. He cannot bet on the unreasonable or the unexpected, however strong his personal convictions may be about man’s unreasonableness or however certain he may feel that… Read More »
New Financial Tear is starting , Have a look at your ledger of last Financial Tear and see were you able to make profit for the year. If yes Well and Good If no ask yourself the following questions: 1. Do I treat my trading like a business? Have I prepared for it the way… Read More »
Market has been Topsy turfy in past few trading session and we have a long trading weekend coming ahead which should be used by traders in productive manner to improve trading, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he… Read More »
Most traders be it Swing trader,Day Trader i have interacted during my training session do trading on the fly, take a position when it “feels right” or “Based on Intuition” Not preparing for what lies ahead for the day, week or month can be a costly proposition and can eventually bust your trading account.Most of… Read More »
In order to be a successful day trader, you need to have the right tools, choose the right markets, and trade the right trading systems. However, it is just as important to have the right psychological and emotional outlook. Lets illustrate the trading emotion using an Intraday Trades,similar emotions can occur over Swing trades and… Read More »
One of the most interesting aspects of working as a trading coach is the ability to see, first hand, what contributes to the success of traders. So often the factors that lead to success are not those emphasized in mainstream articles and books. Here are two unappreciated virtues I see among successful portfolio managers and… Read More »
Conducted by Edwin Lefevre, dated circa 1922, this “interview” reveals great insights into the mind of the famous trader. As we will see, the wisdom imparted here could change our entire perspective on the speculative game we love and enjoy. It might even change our lives. I took the liberty of editing it due to… Read More »
Awareness is the first step towards improvement and that is why we collected the 44 most common mistakes a trader can make. Making mistakes is not bad at all and it is part of the process, but when mistakes are made repeatedly, bad and unprofitable habits are formed. The more bad behavior you can eliminate… Read More »
There are very predictable stages in any traders trading cycle.They are as under : 1) Total beginner stage : We all started with this stage,we make some money on stocks or Options bought on tips and recommendations of someone and feel that this is a good way of earning some extra income,quick and easy money… Read More »