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 admit “I was wrong”. With that being said, you can move foreword and find out why you were wrong and try to learn from the loss.
You may feel that you can be honest with yourself but …

Trading psychology contributes about 60% to success and position sizing contributes another 30%. Furthermore, most traders ignore the first two areas and don’t really have a trading system. That’s why 90% of them fail.
First, I would argue that trading psychology accounts for 100% of success. Why? This conclusion is based on two findings. First, people generally are programmed to do everything the wrong way. They have internal biases that seem to lead them to do the exact opposite of what is required for success. For example, if you are the …

Bears Ruling Dalal Street with Nifty crashing to the most talked and Sacrosanct Level of 4800.
I have came across many traders who have lost a fortune while trading and few people who made a fortune. Trading is a profession in which you require a Army like discipline and a peaceful mind with temperament.

90% of Traders Loose money
So now question arises why Traders loose money?

1. Having No trading system :- Most of Traders i have interacted have no system to trade with. Trading system will help a trader to generate Buy …

Nifty Moved from 5400 to 4960 and back from 5200 from 5052 today. How many points were you able to made out of it.
When I interact with my readers on Mail or Phone I feel most of the people loose money for  reasons as mentioned
1. They are very rigid in there views — They have made there minds Nifty will go down so even if it goes up keep holding the positions. Keep on averaging your loosing trade till you are exhausted of your cash
2. Most of people Trade in …

Please answer the below mentioned questionnaire and be true to yourself

Are you prepared for trading?

Ask yourself the following questions:
1. Do I treat my trading/investing like a business? Have I prepared for it the way I would for a business?
2. Do I have a business plan—a working document to guide my trading business?
3. Do I make mistakes regularly (a mistake means not following my rules)?
4. Am I following a regular procedure to prevent mistakes?
5. Do I have a tested system? (Are you having a trading system)
6. Do I know how that …

Success is defined by the achievement of pre-established goals.

 
The key to becoming a successful trader is identifying, quantifying, strategizing, implementing, tracking, analyzing, learning and growing as a conscious person.
You see, there is no such thing as “easy money”. Let’s get this upfront right now, trading is not easy and not for just anybody.
How many people do you know who have an idea of what they want out of life?
How many people do you know who understand what makes them happy and what fulfils their needs?
Probably not many and this is …

As mentioned in Earlier Article, trading is not about the big winners but the small consistent winners that add up over time to become very impressive annualized returns.
 
For example, if you use a strategy that produces a 10% monthly net return, that translates into an annual return of 120%!.Means Doubling your money in an Year  Little frequent victories win the war.
 
The underlying philosophy of trading is to design a trading system which can provide a higher than chance win-loss ratio together with a strict set of trading rules that will …

Nifty Weekly Chart
Nifty Weekly Chart shows the breach of the bullish channel we were trading in from past 1-1.5 years and it has been breached for some 2 times before but after a quick whipsaw was back in channel again.Will it be 3 time lucky?

VIX Chart

VIX the fear factor is on its upper trendline again and it is in not able to breach this @24.3 than it will reverse and the Stock market will go up.Stock Market and VIX have inverse relationship,means when VIX goes up market will …

By JOE NOCERA
For some months now, Jeremy Grantham, a respected market strategist with GMO, an institutional asset management company, has been railing about — of all things — the efficient market hypothesis.
You know what the efficient market hypothesis is, don’t you? It’s a theory that grew out of the University of Chicago’s finance department, and long held sway in academic circles, that the stock market can’t be beaten on any consistent basis because all available information is already built into stock prices. The stock market, in other words, is rational.
In …

Article from “Trading in the zone” by Mark Douglas
If technical analysis works so well, why would more and more of the trading community shift their focus from technical analysis of the market to mental analysis of themselves, meaning their own individual trading psychology?
The most likely reason is that you’re dissatisfied with the difference between what you perceive as the unlimited potential to make money and what you end up with on the bottom line. That’s the problem with technical analysis, if you want to call it a problem. Once you …