If you ever met a successful trader one thing you would have noticed most of them in some part of there life were related to sports. What’s the connection between being an sportsman and stock market trader? I believe it has everything to do with the qualities and the mindset that these individuals have. I … Read more What Traders can learn from Successful Sportsman
Its been a roller coaster rise from past few trading session and many traders asked me “Can money be made in trading ?” Let me try to answer the same. Trading is always a high return high risk game and it needs nimble trading approach with tons of discipline. Traders say its the Big traders … Read more Can money be made in trading ?
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 When To Quit Your Job to become Full Time Trader
An avaricious or keen desire for profits is one of the most prevalent causes of failure in speculation. This weakness is general among traders. They desire “just a little more ” profit. If the stock or commodity bought advances, then that’s proof to them that it will advance further and so they hang on. They … Read more Qualities of Successful trader: Control EGO and Greed Quotient
By Jason Van Bergen It is simply not possible for any trader–whether amateur, professional or anywhere in between–to avoid every single loss. The disciplined trader is fully cognizant of the inevitability of losing hard-earned profits and, as such, is able to accept losses without emotional upheaval. At the same time, however, there are systematic methods … Read more Limiting Trading Losses
The language you use as a trader can provide either positive reinforcement through honest self awareness or negative results through demeaning self talk. In other words, when discussing your trading with others or in your journal become aware of how you view yourself. Do you see yourself as an amateur, a whipping post, a loser? … Read more Why Positive thinking in trading is important
What is the difference between Sachin Tendulkar and Virendra Shewag, Both have class of their own, in fact Shewag playing style is far better than Sachin instead of this Sachin is remembered as All time Greatest whereas Shewag has been forgotten by most of the Cricketing fraternity. The Big Difference is Consistency. This leads me to … Read more How to become Millionaire with Consistent Success in Trading
Few Trading Facts 80% of all day traders quit within the first 1 year of there trading most of them trade in Options and use brokers who give them High leverage of 10X Traders with having losses for 5 years or more continue to trade. The last point suggests that traders even continue to trade … Read more Understanding Random Reinforcement in Trading
We had a big day yesterday with Sensex rising 2000 points in Single Day Many traders who have been short and might have made loss. Losses are part and parcel of trading and we should let losses affect us that we are unable to take the next trade. To produce profits, consistent profits, and then … Read more How to Handle Trading Losses?
In this Post I will share my Journey how I made the turn from unprofitable to profitable trader. It took years of practices lot of mentoring from my trading guru and sheer grit and determination. I have to change in my psychology and thought process how I approached trading changed allowed me to make profitable … Read more How to Become a Profitable Trader ?