In my Last Article i have highlighted the importance of trading Journal. But what most of new traders do is record their trades over a period of time and keep record on Profit and loss. They fail to realize is that’s just the beginning. Keeping track of your trading performance is much more than just… Read More »
Today we saw the Biggest rally in market after 7 years, Nifty is almost up 411 points from yesterday panic low of 6825. Traders trading without a trading plan and not having proper discipline are bound to make losses in such market, as they are unable to change the sides quickly end up being a… Read More »
Trading is a process of continuous learning. If a trader pays close attention to what was done wrong or could have been done differently in past trades, a trader can greatly improve future performance. For example, a trader may notice that most of trades done after1:30 gives profit and done between 10-11 Am are generally… Read More »
1. Ask yourself do you really want to take trading as a profession Do not get excited seeing Big Profit shown on Social media by fellow traders. Do not get excited when someone tell you i am having a system which has 80% success ratio. Well all these can be true but the Million Dollar… Read More »
Bruce Stanley Kovner is the founder and Chairman of Caxton Associates, a hedge fund that trades a global macro strategy and is considered amongst the worlds top and largest 10 hedge funds with an estimated $14 billion under management . In March 2011, Kovner had an estimated net worth of around $4.5 billion On protecting… Read More »
I receive many mails stating “Bramesh Sir, The performance sheet you give for Intraday and Positional trades do not match with our trading sheet, Sometimes our profit are less than your sheet but overall we are in profit.” I totally agree with the fellow reader that performance will change from trader to trader. It depends… Read More »
“The physician has to spend long years learning anatomy, physiology, materia medica and collateral subjects by the dozen. “He learns the theory and then proceeds to devote his life to the practice. He observes and classifies all sorts of pathological phenomena. He learns to diagnose. If his diagnosis is correct – and that depends upon… Read More »
80% of trading is behavioral, maybe only 20% is based on the other things that a trader does. Like much of personal finance it is not the math but the behavior that makes all the difference. Most people’s problem with being broke does not lie in their budget it is due to their behavior of… Read More »
Failure is part and parcel of trading but till a certain limit. At first if you don’t succeed, try, try again. And when you fail as a trader repeatedly fail and bust your trading account, is it’s wise to continue trading ? Long ago psychologists mapped out something called the inverted U theory of stress and… Read More »
During my interaction with traders during my trading course,I came to know most of traders who loose money will keep changing their trading system the day it give them a loss. Till its milking money traders stick to it, but if 2-3 trades goes wrong they will keep the trading system on back burner and… Read More »