Trading Paradoxes

By | December 25, 2014 10:07 pm

Here are paradoxes that I have learned on my own path to consistent profitable trading.

 

  • The less I trade the more money I make.
  • My number one job as a trader is to manage risks not make money.
  • The best traders in history were the best risk managers not the best at entries and exits.
  • The ability to admit you are wrong about a trade and get out is more important than being confident in a wining trade and staying in no matter what.
  • Winning traders think like a casino losing traders think like gamblers.
  • Opinions, projections, and predictions are worthless, trade the price action.
  • At times fundamentals are good helpers to a trader but they are always terrible masters.
  • Only date trading vehicles but marry your risk management and positive mind set.
  • The smaller and more focused my watch list the better I trade what is on my watch list.
  • You can go broke taking profits if your profits are small and your losses are big.
  • Be very cautious of a small loss becoming a big loss but be open-minded to a nice profit becoming a huge profit.
  • Being flexible about your market outlook is more important to profitability than committed to your directional view.
  • I made my trading profits by reacting to price action and following along with the trend not predicting price action and wanting to prove I was right.
  • Your risk management and mindset will determine your trading success more than your entries and exits will.
Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

3 thoughts on “Trading Paradoxes

  1. ANAND

    Only date trading vehicles but marry your risk management and positive mind set.
    cAN U PLS EXPLAIN THIS POINT , i DON’T UNDERSTAND THIS CLEARLY

    Reply

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