Setting clear, specific written goals can have an incredible effect on the levels of performance that you achieve. Goals are desired outcomes. They are what we would like to achieve. In Sportsmind, Jeffrey Hodges states that “only about 5% of people surveyed are goal setters and less than 1% have written down goals”. Given how… Read More »
Whenever someone’s perception departs from their expectations, their heart rate inevitably rises – some people handle deviations better than others, but everyone ultimately has a breaking point. We have always stressed that Trading is doing the same thing again and again , deliberate practice and repetition enables you to work on your trading flaws and determine what… 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 »
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 »
Trading can be a lot like gambling if you let it be so. Some of the best traders in the world are also great poker players, but there’s a big difference between how you trade and how people gamble. How can trading be gambling? What I’m talking about is the average trader out there that… Read More »
When trading the markets, most of traders are Wrong than being right. Most of professional trades i have met have a success ratio of 50-55%, ie. They are wrong almost half of the time. There are many ways to be wrong. You Analysis using the Technical tools goes awry, Market is overbought and showing negative… Read More »
Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks. In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’. So if that is the case, then thinking in a very simplistic and… Read More »
In July of 2009, 64 year old Martin Hickman lost 200,000 British pounds (approximately $333,000) in a single day trading on the London Stock Exchange (the FTSE). Hickman told The Telegraph (U.K), “I was going to be a househusband, take care of the dogs and do a little trading on the side. Then things escalated… Read More »
One of the main reason for not having consistency is Trading, just because we are itching to do something. Traders just want to be in trade at any cost. Our eyes should be focused on the future, and that is what trading is all about. Following a strategy that beats the market “over time,” and… Read More »
Years of my interaction with traders , I’ve realized that most of the traders do not have proper mindset for trading. Its a difference between a Champion and Normal Sportsman. Mindset make such a major difference, and most traders have gambler mindset till the time trade and when they lose out all blame market .… Read More »