“The goal of a successful/Great trader is to make the best trades. Money is secondary.” Great traders do not have to be right about any one trade, their success is based on winning more than they lose on a large amount of trades. Great traders do not need trade ideas from other traders, they trade… Read More »
Larry Hite While the speculator doesn’t have the product knowledge or speed, he does have the advantage of not having to play. The speculator can choose to only bet when the odds are in his favor. That is an important positional advantage. In the above quote, Larry is referring to the fact that smaller retail… Read More »
Hindustan Zinc Buy above 133 Tgt 134,136 and 139 SL 131 Sell below 130.5 Tgt 129.1,128.2 and 126.7 SL 131.5 BHEL Buy above 164.5 Tgt 166.1,167.4 and 170 SL 162.4 Sell below 162.2 Tgt 161.159.6 and 157.6 SL 164 Yes Bank Buy above 354.5 Tgt 356.8,361 and 365 SL 352 Sell… Read More »
As the finale of 2013 approaches, we are each presented with an opportunity to reflect back while looking towards the future. The dawning of a new year is the perfect time to set new goals and embark down uncharted paths. Now is the time to plan your Resolution. What are our top trading resolutions for… Read More »
The Fear Of Missing Out (FOMO) Here’s the scenario: you’ve been sitting on the sidelines while watching the market rally . Are you itching to jump in and buy? Are you frustrated because you are missing profits that others are making? Many traders I’ve been talking to feel this way right now and it’s not… Read More »
Trading successfully is not an easy game. Many people may think it is a difficult venture due to the fact that it is a complicated process and the markets move much too fast. There may be a little bit of truth to that, but in reality the downfall of most traders lies in the fact… Read More »
Trading seems so easy: Find a good setup, place a bet, close out the trade and take home the profits. Enduring trading success is easier said than done, however. Trading experts note that even those traders who achieve early success don’t maintain it. It’s easy to make a series of profitable trades early in one’s… Read More »
“You must be rigid in your rules and flexible in your expectations. Most traders are flexible in their rules and rigid in their expectations”. This should be one of the top quotes you keep near your monitor at all times. You may have read this quote prior to this, but perhaps many of you have… Read More »
A goal of every trader is to achieve enduring success. It’s hard to achieve this goal, however. The only way it can be done is through persistence and practice. Many are drawn to trading, but few can actually trade for a living. This is a discouraging fact of trading, but one need not dwell on… Read More »
The day I started trading I hoped to make lot of money, and ultimate goal of every trader is to trade for a living. My Guru asked me how you are going to make “a lot of money”, I said some blah blah but Honestly speaking I did not had any concrete answer. Somewhere in… Read More »