You should keep a trading journal of every trade you make! Backtest every system for at least 1,000 trades! Brush your teeth before bed! All of this is sound advice. However, how many traders actuallyfollow this advice? Do you? I would bet that less then a third of you reading this article keep a trading… Read More »
Any quick drive through Goa Casino makes it pretty clear who is making in the money –the Casinos! Why do gamblers keep going back despite losing most of the time? Big hope of making good money in extreme short term. No Plan, Not understanding probabilities Not knowing when to Stop gambling Gambling based on Gut… Read More »
Introduction: In the quest for trading success, the ability to navigate the complexities of the financial markets is paramount. Traders employ a variety of analysis techniques to gain an edge, with two critical methodologies being technical analysis and mental analysis. This article aims to decode the path to trading success by exploring the significance of… Read More »
As a trader or investor in the stock market, it is crucial to understand how our emotions and psychology can influence our decisions. One of the most common biases observed in the market is the disposition effect. This phenomenon describes the tendency for traders to hold onto losing positions for too long while quickly selling… Read More »
Trading is high risk game. Trading is a lot more about how you manage your risks and stick to your trading discipline. 90% of the traders are losing money in trading. The fact is that most traders, regardless of how intelligent and knowledgeable they may be about the markets, lose money. Are the markets really… Read More »
Many new traders jump into trading thinking that it is easy to make money. Most are usually captivated by the lure of advertisements telling them how easy it is to make money by taking some signals and spending only 30 minutes a day monitoring the market. The truth is, learning about trading is not as… Read More »
You will not see the 95% of the youtube channel in the next 5 years. 95% of the startups will close shop in next 5 years. 95% of youth cricketer will not make it into the IPL team. Similarly 95% of the traders( investor, swing trader, day trader) will not be trading in the next… Read More »
All traders should have a good trading plan. One of the worst bad habits a trader can have is trading impulsively and without any guidelines. Traders who take the time to make a trading plan are much more likely to succeed, but even with a plan in place we can develop bad habits. A trader… Read More »
As a Trader it totally amazes me to see how we are almost “hard-wired” to do all the wrong things. It’s almost as if we were put on this planet to determine how many ways we can mess up our trading. How do you respond to a loss? How you respond to losing trade. During… Read More »
In everyday life, bad habits can have any number of side effects. Weight gain, illness or social exclusion, for example. Bad trading habits, by contrast, affect people in just one way.They lose money. Letting costly habits creep into your trading is all too easy to allow. After all, you don’t have a boss to tell… Read More »