Source Paul Tudor Jones II: “The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. … If they are going against me, then I have a game plan for getting… 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 actually follow this advice? Do you? I would bet that less then a third of you reading this article keep a… Read More »
In Below Video we have discussed Different Fear in Trading How can you Identify you are Fear Heart Rate Increases Breathing Increases Muscle are Tense Mouth Feel Dry You Feel very light headed/Numb Bite the Finger Nail Butterfly in Stomach Hand Palm Feels Slipery You do not Feel Hungry When you are In fearful state… Read More »
Rahul, an experienced day trader,and below we will discuss psychology behind Cutting Winning Trades Short. Rahul took a trade in Reliance Capital based on simple Price action where Price is breaking multiple support on an Hourly Chart. Let me take you through and Emotional Journey which every trader have/had experienced. Rahul saw on the hourly… Read More »
Most traders be it Swing trader,Day Trader i have interacted during my training session do trading on the fly, take a position when it “feels right” or “Based on Intuition” Not preparing for what lies ahead for the day, week or month can be a costly proposition and can eventually bust your trading account.Most of… Read More »
I would like to share with all of You Work Mr Raja He has made the supply demand Sheet for All F&O Stock and wanted me to share with readers on of the site. You can download the sheet by Clicking on this Link. I would like to Thank MR Raja for his selfless service… 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 »
What is the difference between Sachin Tendulkar and Virendra Shewag, Both have class of their own, infact Shewag palying style is far better than Sachin instead of this Sachin is remembered as All time Greatest whereas Shewag has been forgotten by most of the Cricketing fraternity. The Big Difference is Consistency. This leads me to… Read More »
One of the major accomplishment of becoming a successful trader is money. As Gann rightly told 95% of trader lose money so 5% trader makes money from 95% of trader, so huge money is waiting for Successful Trader. But not is not the ONLY thing you will receive there are lot many things waiting for you… Read More »
All those talks about proper money management and follow your trading plans are not secret to day trading success. They are principles to keep you out of trouble only. They are similar to what kindergartens teach the kids so that they would not do stupid things to harm themselves. The real secret to day trading… Read More »