Confidence is the most important psychological tool for the trader, Without Confidence on your abilities and trading system success in trading will be inevitable. When you develop your trading plan, it is obviously important that you have confidence in its accuracy and usefulness and in your belief that you can follow your plan closely and… Read More »
Majority of Traders who trade Stock markets know when/How to enter the trade but 95% of traders do not know when not to enter the trade or when not to trade. Trader should trade when opportunity arises based on his trading system and trading strategy. Knowing when not to trade is also a vital part… Read More »
Phases of Trade Analysis The Expectation Phase: A technical trader anticipates that a past price pattern will repeat again, so he identifies the pattern, locates a current one and determines a suitable match is present. Technical analysis is nothing more than finding previous price patterns matched with current market conditions. As the Old saying Goes… Read More »
Every trader who starts trading wants to trade big accounts but very few of us actually get to do this. Most traders are stuck with trading relatively small accounts not more than 5 lakhs and most of them go bust. Trading a small account requires very strict risk management and money management with strong mental… Read More »
By AJ What makes top traders stand out from the crowd and achieve results that for the most are just behind imagination? The key to success is being mentally tough What does it take to be mentally tough? There are three qualities for traders who say they want to perform at the highest levels. 1) Be Ambitious Can… Read More »
Regrets are fine to have as long as you act on them. “I did exactly the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game.… Read More »
Another Article from my Archives As a sportsman(So too as a trader), you’ve got to realize that it’s not the end of the world if you lose one game or more..You should get down to basics and play every point on its merit. The moment you sit down to differentiate the first point from the… Read More »
If you are a LOSS making trader, Answer the below question to yourself Honestly. What is the main Reason for Your Trading Loss, We are running POLL on Twitter Please participate Unable to Understand Market Trend as it moves from Sideways to Trending or Is it your system or strategy? You are not having the… Read More »
I have put a Poll on Twitter (https://twitter.com/brahmesh), Which emotion is the toughest for you to control when trading? Sharing the Poll Results till now, 43% said its FEAR which is dominating them and become difficult to control. Strong emotions have affected your trading. Most of traders put lot of efforts to overcome this problem… Read More »
Every trades have experienced strong emotions in his/her trading and have struggled with them. One of the main reason for erratic trading results ie. Having big loss because you stayed on the trade hoping the market will reverse or missing out on big profit by exiting early have been attributed to emotions. Strong emotions have… Read More »