Discipline is directly related to the bottom line of a trader’s account. The Professional Trader keeps a high focus on being disciplined and sticking to his system. He disciplines himself by constantly having the thought of making money and being positive at the end of the month in the forefront of his mind. This way… Read More »
Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win. Keep it simple. Simple time-tested methods… Read More »
Get To Know Yourself “The perfect trader-if such a person exists-is methodical and careful about making decisions, extremely disciplined, resilient to setbacks, with a high degree of internal confidence. He holds strong opinions but is also able to admit quickly when he is wrong, not take it personally, and view it as a learning opportunity… Read More »
The market does not care how you feel. It will not prop up your ego or console you when you are down. Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed. Bank… Read More »
Everybody knows the four cardinal rules of trading, but so few people follow them :- Trade with the trend. Cut losses short. Let profits run. Manage risk. There is a big difference between knowing something and applying it. Most people don’t use what they know. Voltas Voltas is moving out of its oversold zone,Took support… Read More »
Position sizing is the part of your trading system that tells you how many shares or contracts to take per trade. Poor position sizing is the reason behind almost every instance of account blowouts. Preservation of capital is the most important concept for those who want to stay in the trading game for the long… Read More »
Unsuccessful Traders would rather lose money than admit they’re wrong. What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my… Read More »
Don’t spent all your time admiring the fancy tools in the magazine.First learn how to use the basic ones well. It’s not the size of your tools that counts but how you use them. Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time. Bank Nifty Bank Nifty… Read More »
Infosys Daily The Q2 Results will be start pouring in from tomorrow officially with the Herald being done by IT Major Infosys. World markets are on up swing but india will remain immune to it if Infosys does not deliver than street expectation. Rupee rise will be an added advantage for Infy but if there… Read More »
Good trading is not about being right, it’s about trading right. If you want to be successful, you need to think of the long run and ignore the outcomes of individual trades. Ruin is the risk you should be concerned with the most.It can come like a thief in the night and steal everything if… Read More »