Tag Archives: money

How to improve trading from Mark Douglas

By | July 17, 2014

1. The four trading fears 95% of the trading errors you are likely to make will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table – the four trading fears 2. The proverbial empathy gap You may already have some awareness of much of what you need… Read More »

When To Quit Your Job to become full time trader

By | June 29, 2013

I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a  full-time trader. Traders who have recently entered market and made good money also plan to become a… Read More »

Stocks Trading Calls: LT,ITC and Axis Bank

By | May 13, 2013

Axis Bank Axis bank has been trading in range of 1530-1445, from past 10 trading sessions. Break of the range below 1445 can see the stock correcting till 1370 odd levels. Buy above 1457 Tgt 1464,1474 and 1484 SL 1452 Sell below 1444 Tgt 1434,1425 and 1413 SL 1452   ITC ITC, which has the… Read More »

Trading Weaknesses and How to Overcome Them

By | May 10, 2013

Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn’t take extreme intelligence or any superhuman gifts, it simply is hard work, just like learning to drive a car. Any person who need to become… Read More »

Benefits of Making a Trading Plan

By | April 3, 2013

I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written… Read More »

Trading Errors

By | November 1, 2012

Ignoring the downside of a trade. Most traders, when entering a trade, look only at the money they think they will make by taking the trade. They rarely consider that the trade may go against them and that they could lose. The reality is that whenever someone buys a futures contract, someone else is selling that… Read More »

Traders Journey to sucess

By | September 18, 2012

They are as follows: We accumulate information, we learn- buying books, asking questions, maybe going to seminars and researching what really works in trading. We begin to trade with our ‘new’  found knowledge. We make profits only to give it back very quickly and then realize we may need more knowledge or information. We accumulate… Read More »