1) Strategy – There are so many different strategies: value, growth, momentum, short selling, etc. Find one that fits your personality and do your best to master it. The fastest way to learn is to study success. In other words, find someone who is successful at the strategy you like, and then mimic them with your… Read More »
As a trader you will not be right all of the time. If you can accept your imperfection, and work within it, you will be much more successful: If you have a perfectionist mentality when trading, you are setting yourself up for failure, because it is a “given” that you will experience losses along the… Read More »
Stress kills, and trading is among the most stressful of any profession. Stress-related illness accounts for between 75-90%. Take any disease known to man, and you will find:It’s caused by stress It’s made worse by stress If you get it, you will have stress In this faster and faster forward world where traders are bombarded… Read More »
During my interaction in trading session, Many traders complained they feel exhausted,loss of energy during trading hours,and when opportunity comes are unable to capitalize over a rewarding trade. Today we will discuss above how to maintain high level of energy during trading hours. Top traders are able to maintain high energy throughout the whole trading… Read More »
As per data analysis, trading with no strategy or trading edge has a 50% chance of success over a long series of trades. Markets at all time highs its time to ask yourself did you make money in this move, If yes you are the few disciplined one who have made money if you have… Read More »
At one point or another, everyone who has interactions with the market asks oneself, “Why is trading so hard?” There are legitimate reasons why trading should be difficult: markets are highly random; whatever edge we can find is eroded by competition from smart, well-capitalized traders; some traders work within various constraints; and markets are subject… Read More »
The market is not physical. It’s an amalgamation of the mindset of all trading participants. The daily tug-of-war between the bulls and the bears reveals what they are thinking on a daily basis. Make sure to look at the market’s close in relation to the session high and low. Never buy just because the price… Read More »
Australian cricketer-turned-commentator Dean Jones, in an interview for Wisden, observed that two-thirds of Sachin Tendulkar’s game is based around defence. Most of the shots in any Sachin century, he says, are based on forward defence, back-foot defence and letting the ball go. As any coach would vouch, letting the ball go is possibly as important… Read More »
How do you go about building a trading plan? What do you need to consider, and what type of trader should you be? The last question is a logical place to start – deciding the type of trader you want to be, and understanding why. Type of Trader When creating a trading plan, a trader must decide the style of trading… Read More »
Aspiring traders often ask me whether or not it’s really possible to make a living trading the market. The short answer is yes. The longer answer is, yes you can make a living trading the market but you have to consistently do a lot of things right. Most traders simply do not yet possess the… Read More »