Raju couldn’t believe what was happening. Actually, the trade began on a positive note, as per his analysis. He had seen what he thought was a price pattern; an ascending triangle, which looked to hit the top of the resistance line several times and the bottom trend line was about to touch. He heard herself… Read More »
Rules that I can live by: my rules have to be rules that I stand a good chance of keeping, not the kind that I will follow for one day and then give up the next. I’m not the kind of trader that can follow rules mechanically, like if x happens 3 times then do… Read More »
Complacency When I think of complacency two major things come to mind: Often a traders biggest loss comes after a string of winners. This is well documented and suggests to me that complacency is present. The ‘every swing I take is a home run feeling’ or the ‘I can do no wrong feeling’. Sure enough… Read More »
Do you see yourself in any of following mindsets? Have you ever done or thought anything like this? If you have not, then please stop reading since you have attained trading mastery and don’t need any words from me: No time to wait for setups. It looks like it might work, so I am going… Read More »
There are things that we do as traders that set us back in our journey to success and lose us money. There are other things that traders do that just destroy themselves. Many of the following things are done daily by the 90% of traders that lose money in the market consistently. If we want… Read More »
For years people have swarmed to the Futures markets, hoping to find the holy grail trading system and to get rich overnight. If you really believe there is such a thing as the holy grail trading system, then why don’t more people quit their day jobs in search of this elusive creature? Part of the… Read More »
If there’s a single theme that dominates discussions of trading psychology, it’s discipline. Traders are routinely encouraged to control their emotions, stick to their processes, keep journals, whatever. If you lapse in your trading, it’s because you’re not sufficiently disciplined. Call it the puritanical approach to trading: if you don’t stick to the straight and… Read More »
1) Strategy – There are so many different strategies: value, growth, momentum, short selling, etc. Find one that fits your personality and do your best to master it. The fastest way to learn is to study success. In other words, find someone who is successful at the strategy you like, and then mimic them with your… Read More »
Stress kills, and trading is among the most stressful of any profession. Stress-related illness accounts for between 75-90%. Take any disease known to man, and you will find:It’s caused by stress It’s made worse by stress If you get it, you will have stress In this faster and faster forward world where traders are bombarded… Read More »
During my interaction in trading session, Many traders complained they feel exhausted,loss of energy during trading hours,and when opportunity comes are unable to capitalize over a rewarding trade. Today we will discuss above how to maintain high level of energy during trading hours. Top traders are able to maintain high energy throughout the whole trading… Read More »