Hope in reality is the worst of all evils because it prolongs the torments of man…Friedrich Nietzsche Take an old pair of jeans and cut a hole in one of the pockets. Now, start pouring sand into that pocket. What happens? Sand runs down your leg and to the ground. What do you do? Keep … Read more Traders biggest enemy :HOPE
How to make money trading stocks/Commodities (a) Identify the reason for the trade (b) A Stop Loss (c) A profit target or trailing stop mechanism (d) The point at which you accept that the trade is not working even if the stop did not hit. (e) Number of shares / contracts that you will hold. … Read more Trading for a Living
There is very little that is new in the world of trading psychology but mastering the basics and mastering our mind is essential if we are to develop as highly efficient traders. The following are common discipline issues and suggestions to counteract them. Discipline is needed if you are to succeed as a Equity,Commodity or … Read more Ten Common Reasons Traders Lose Discipline And How To Avoid Them.
The first and most important rule is – in bull markets, one is supposed to be long. This may sound obvious, but how many of us have sold the first rally in every bull market, saying that the market has moved too far, too fast. I have before, and I suspect I’ll do it again … Read more Trading Rules for Swing Traders
What is gambling? Some dictionary definitions: the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize) a: to play a game for money or property b: to bet on an uncertain outcome to stake something on a contingency : take a … Read more Are you a Trader or Gambler ?