Conducted by Edwin Lefevre, dated circa 1922, this “interview” reveals great insights into the mind of the famous trader. As we will see, the wisdom imparted here could change our entire perspective on the speculative game we love and enjoy. It might even change our lives. I took the liberty of editing it due to… Read More »
PFC Any close above 288 stock is heading towards 300 /322 in short term. Intraday Traders can use the below mentioned levels Buy above 280 Tgt 282,285 and 290 SL 278 Sell below 276 Tgt 274,272 and 269 SL 277.5 IRB Any close above 254 stock is heading towards 267/288/300 in short term. Intraday Traders… 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 »
You might have heard the saying “The Trend Is Your Friend” and that you should “Trade The Trend.” But sometimes this is easier said than done. In this article I will show you an easy easy to identify and trade the trend. How To Identify A Trend Way back in the 90s I used fundamental… Read More »
A solid trading plan is the cornerstone of your trading business. Unfortunately many traders think that all they need is a trading strategy. This is NOT the case! Let me explain the difference between a trading strategy and a trading plan. A trading strategy tells you when to enter and when to exit trades. A… Read More »
Developing Self-Discipline is something that you can start doing right NOW. It doesn’t take vigorous special forces training, nor does it require being related to the almighty samurai bloodline. Instead it requires will, devotion and regular action. Start by cultivating a desire. Do that by understanding the incredible benefits of such an achievement. The… Read More »
Must read for every kind of trader. Enjoy your weekend! What separates the 10% that make money from the 90% that don’t? 10,000 hours. The key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours. 10,000 hours equates… Read More »
In all my years of trading and talking to fellow traders, I have noticed that newbie traders are susceptible to four main psychological pitfalls. Let’s take a look at each one and examine them carefully. Hopefully, after reading this, you will be able to see them coming and stop them before they destroy your account.… Read More »
Attitude Attitude is hugely important but useless on its own. It’s no good having the best attitude in the world if you’re not “out there” trading the stock market. So what is attitude apart from how one feels about oneself and others? It is how you see things, how you let events, situations and circumstances… Read More »
Keeping risk-taking down until you see markets clearly– Losing small and gaining big is what makes for excellent risk-adjusted returns. Accepting that you’re not seeing things well is half the battle. By continuing to actively engage markets in small size, you give yourself an opportunity to regain perspective. Trading larger or more often out… Read More »