Pattern, Price and Time: Using Gann Theory in Technical Analysis
Great traders are often thought of Traders having very strict risk management, and very much well versed with their trading strategies . But an often overlooked trait which should always be mentioned is the successful trader’s ability to control emotions and do not get panicked in times of high volatility and do not get greedy … Read more Secret of Successful Trading
What a trader requires to be Successful and Profitable ? First, just as you should not trade based on a faulty idea, you should not use sand as a building material. Second, you need a solid trading plan as your trading – without it, you’ll slip into the sea, where 90% of traders reside. First, … Read more Training a Stock Trader
In Continuation with Previous Article Step 3 – The Eureka Moment Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your head … Read more What You Need to Take to Become a Day Trader Part-II
I searched to find the original source of this article but have not been able to locate it. This is from an anonymous source and has been shared on many websites online over and over. I got this Article in 2007,If anyone knows who wrote it I will be happy to link this to the … Read more What You Need to Take to Become a Day Trader Part-I
Successful Trader is Just the trader who follows a sort of Discipline to Save his Money from Being Lost! If you can Take care of Your Losses, Market will take care of the Profits Mindset of Successful Traders 1. I will wait for my Trade to come, Avoid taking Impulsive trades. 2. I recognize that … Read more Psychological Mindset Of Successful Traders
Lock down had given Best time to prepare yourself for the recession that’s ahead of us. You Can’t bet on job. You Can’t bet on business. You Can only bet on your own Learning which should not be outdated. In Trading most important thing is to focus on Learning. Do NOT experiment with capital and … Read more How to Learn From Trading Mistakes
Came across a great article here by Brett Steenbarger titled ‘A Self-Help Crash Course for Traders’. The article applies a discipline called ‘brief therapy’ to address the issue of why traders can’t seem to control themselves and make the same mistakes over and over again. It has quite a number of good points. Here’s a … Read more Repeating the Same Mistakes in Trading?
What Does A Mechanical Trading System Mean? What Does A Discretionary Trading System Mean? We have discussed about different type of trading system,Once you are able to decide what type of system suits you next is important points to include as part of your trading system. 1) Positive Risk To Reward Ratio Risk to reward … Read more The Consistent Trader: How to Build a Winning Trading System
During my Earlier trading days when I was getting trained by my Guru A common mistake I used to make is trying to mimic the “intuitive” trading styles of My Guru in order to achieve similar levels of success but used to failed miserably. I still remember very vividly My Guru used to Smile when … Read more Are You a Objective or Subjective Trader
Many traders who have made a career from day trading the Stock Markets will advise you that it may have not been quite as simple and straightforward as they originally expected. The draw of quick profits makes day trading a very attractive proposition. Many traders embark on their new career with the highest of expectations … Read more Intraday Trading: Beginners Guide to Day Trading