A frequent mistake most of trader do is to focus on making money. If a trader is not profitable which 0% of traders are , the primary focus must be to first stop the bleeding. I know we all come to trading with ideas of making money, and of course, that is the goal, but … Read more Secret of Trading Success :Learn How to Lose
Most of us want to be as perfect as we can. We do not want to experience failure or setbacks or roadblocks. In fact, most of us have been raised that failure, in any case and at any time, is ‘bad’ and success is ‘good’. So if that is the case, then thinking in a very simplistic and … Read more Learn from Trading Losses ?
The day the trader stops blaming the markets, politicians, or ‘They’ and ‘Them’ for losses and starts taking responsibility for their own trading could be the day that they begin to change from losing money to making money. In the end the market is like the ocean and we are the surfer, we choose the … Read more Are you Fighting The Tape ?
Trading is Buying and selling securities or commodities on a short-term basis, hoping to make quick profits.You might hear of rags to riches stories or traders boasting about the money they made in a trade. Its am exciting business but the fact is only 5% of traders are able to make money on a consistent … Read more The Psychological Pressure in Intraday Trading
Trading is all about playing against the mind of the masses. The big guys and Fund Houses successfully will beat your mind by making you think, think and think. Is the right time to get in, will the market fall, and so many times people have asked me when the BIG correction is going to … Read more Trading is Art of Capital and Risk Management
“In trading, you have to be both defensive and aggressive at the same time. If you are not aggressive you will not make money, and if you are not defensive you will not keep money.”– Ray Dalio We will discuss on how to keep the two in balance in aggressive and conservative trading so that … Read more How to Aggressive and Defensive in Trading
Most of trader who are attracted to trading look at a price chart as below and think trading is very easy to make money. As shown in below chart Most of new traders have a thought process “If I had gotten in there, I could have made a fortune.” Adopting such a perspective can lead many … Read more Why Is Trading So Simple, Yet So Hard
Trading is Difficult as most traders don’t have an “EDGE”. Is Trading Hard to Learn ? It takes time, discipline, the correct education and the right attitude. Most people fail in trading not because it is particularly hard, but because they are not properly “EDUCATED“. Learning to trade is investing in your education and your financial future. Learning to trade is … Read more Trading is Difficult But Can be Learned
1. Never Average a Losing Position — Under any circumstance add to a losing position ever! Always Remember Averaging Bring the cost down but it increases trade size which can lead to Ruin of trading account.Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital. 2. Trade … Read more Trading Rules to Follow Everyday
The winning trader is cold, calculating, and unemotional. Fear and greed control the masses, but if they are allowed to control you, you become one of the millions who can’t understand why they cannot make a profit when, supposedly, everyone else is. There are also other emotions, such as anger and disappointment, that can influence … Read more The Importance of Trading Psychology and Discipline