Amateur retail traders tend to think that the professional trader or Institutional investor have some sort of secret knowledge/system that enables them to make huge profit in trading. However, the difference between a retail traders trying to make consistent profit and a professional traders zeros down to the trading mindset and trading psychology.The difference between… Read More »
Psychology matters more to trading or investing than perhaps any other income-producing activity. Here are some quotable quotes from some well known industry participants highlighting that reality… Anyone who claims to be intrigued by the “intellectual challenge of the markets” is not a trader. The markets are as intellectually challenging as a fistfight. Ultimately, trading… Read More »
All successful traders have one common, yet very important ingredient in their trading methodologies: a game plan. “Many traders and investors go through their sometimes very short investing lives planning trades they never execute and executing trades they never plan.” “Experience has proven that success follows the wise trader/investor who identifies an effective strategy, and… Read More »
Every trader need to Identifying his Strengths and Weaknesses Trading requires as much honesty as is objectively possible. To be able to go over each trade and determine what you did right and what you did wrong requires putting ego aside for the benefit of becoming a better trader. You have to be able to… Read More »
Great traders have really mastered a core set of skills: 1. They recognize when they are wrong. 2. They incorporate new information into their existing plans. 3. They execute at a high level. They perform. 4. They recognize when they are right, and they push their winners. Below, I review each core competency in greater… Read More »
Day trader vs professional trader. Rules are what separate a day trader from a professional trader. The only good time to break a rule is never. Barriers are made to be broken not rules, you can have one or the other not both. The most important rule. A trader must create their own rules. They… Read More »
The first attraction for someone to enter market is the fantasy world of day trading where Traders think they can make huge money on small capital taking huge leverage. The attraction of day trading is that traders can very much control their own hours. Most of traders who gets involved in day trading are not… Read More »
Reliance Capital Reliance Capital share got a boost from ADAG deal with RIL, Stock has been trading in perfect down trending channel and after touching the lower boundary has moved to higher end of the channel, Will this news be game changer tommrow price action will confirm Buy above 338 Tgt 341.8,344.5 and 349 SL… Read More »
In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern and How to trade Ascending Triangle Chart Pattern lets discuss another triangle pattern Descending Triangle Pattern Descending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the support, second trendline is downward sloping trendline formed by joining the… Read More »
In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern lets discuss another triangle pattern Ascending Triangle Pattern Ascending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the resistance, second trendline connects increasing slope of higher low. It is generally a continuation pattern formed during consolidation after… Read More »