During my Trading session most of traders I interact with want to become Full time trader, They want to ‘Make enough money to leave their job and become independent.’ Well it might sound exciting but the reality is not what it seems. Let me give you a blueprint what should be the thought process before… Read More »
If you want to be a successful trader, You need to have a VISION on what you want to do and goal setting is the first thing traders should do. Unfortunately, many traders jump right into trading without giving the first thought to where they’d like their new found profession to take them. As per… Read More »
An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They… Read More »
The Central Focus of trading should be to make profit. Trading should never be done for Fun or as a part of Hobby, If Done you are going to lose very heavily. Losses are part and parcel of the game and they “WILL” Happen. But as a Serious/Professional Trade If you are clear on you… Read More »
Markets are on a Roller coaster ride whole of September and Volatility has been quiet high today most in recent time. Most of traders will be lured by the idea if one trade goes right i can make big money seeing the fall in RBL Bank/IBULLS but one wrong trade can wipe off the whole… Read More »
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 »
Few Trading Facts 80% of all day traders quit within the first 1 year of there trading most of them trade in Options and use brokers who give them High leverage of 10X Traders with having losses for 5 years or more continue to trade. The last point suggests that traders even continue to trade… 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 »
Trading is a craft that demands a certain level of discipline. Not only do you have to stick to a set of trading rules, you also have to be able to execute your trade as per your rules and trading plan. Market will always test you and any trade your become overconfident market will give… Read More »
So how much can other people affect your trading? \ There is one characteristic that seems to separate the great traders from the average ones. The great ones realize what kind of problems that a lack of confidence can present, so they don’t even risk a shattered ego. How? They keep their trading activities to… Read More »