Disappointment in trading, in it’s myriad of manifestations – missing out, leaving big money on the table, taking a loss, etc – is inevitable for even the best traders. It’s an elemental fact that traders who understand this, internalize it, and make it a part of their trading strategy are the most successful. One of… Read More »
In order to start making progress, we need to deconstruct what it means to learn. Throughout life you’ve probably believed that reading something and being able to explain what you read to another person is learning. That’s more or less what traditional education has defined as learning, and when you’re unable to do it you… Read More »
Stock market is “the most” wonderful place to make money “for the prepared“. And stock market is “the most hellish place” to loose money “for the unprepared”. What are you? Are you prepared? Prepared with a plan and applying yourself? The measure of your preparedness should reflect in your successes. If there is no success,… Read More »
We have grown up being told Lakshmi (goddess of wealth) and Saraswati (goddess of knowledge) always fight and avoid staying in the same place. This is based on the observation that rich businessmen tend to be uneducated (both Bill Gates and Steve Jobs were college dropouts, we are repeatedly told) and educated people tend to… Read More »
As a trader, you don’t have to be super smart, many Doctor Engineer and Scientist who were best in their field have failed in trading miserably and few of my students who have not even graduated have done wonders :). Whats the difference The Successful traders can control their emotions and are mentally very very … Read More »
I meet and learn from Champion Traders every day. Not just in trading rooms but in Champions of other fileds like Sports,Arts, Music etc. I’ve learned that to be a champion you must Think Like a Champion. Champions think differently than everyone else. They approach their life and work with a different mindset and belief… Read More »
This is a story about realizing one’s potential…and about what tends to hold us all back from realizing our potential.It was the spring of 1982 and I was coaching girls’ track in a small southern Iowa town. There was a young discus thrower on the team, Jill, a sophomore who had tremendous potential. At the… Read More »
An Engineer has to clear till 12 Class, than Clear Pre Engineering entrance test Like IIT/PET. Get into a good college he needs to again clears 42 Exams in 4 years and finally, after probably years of training and education, he gets a Job and there again he need to take training to lead bigger… Read More »
During my trading session when I talk to my students reasons for losing trades , I noticed a pattern that seems to pop up pretty often when talking about losing trades. As it turns out, more and more traders are losing their trades and even getting their accounts blown up by trying to short at… Read More »
New traders come to trading excited about learning, and looking for making big money in on small capital. There is rule of 90,90,90 in trading which means “90% traders Blow of 90% of trading capital in 90 trading days”. The majority of new traders can make big mistakes that take their accounts to zero during… Read More »