Trading is a profession that demands a MILITARY level of discipline. Not only do you have to stick to a set of trading rules, you also have to be on the line when market surprises you with wild move the one we saw today on India -Chinese Tension. Self-discipline gets you consistency, and consistency makes … Read more Developing Discipline in Trading
Trading is difficult. Of the many that try, few realize enduring success. 90% are pure losers, It taken at least 5000 hours of screen time to be a successful trader, mind you its just one of the requirement of many you need to evolve yourself as successful trader. If you can work tirelessly, wait long … Read more Why Trading is the Hardest Thing You Will Ever Do
” Patience is a virtue which many talk about but few have ” The most common trait of successful and profitable trader, they are “patient” and wait for right trading opportunity as per their trading system. Many amateur trading never reach the professional level because they “Over Trade” . Most of newbie traders fell more … Read more Are You Overtrading ?
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
For years, I was losing money because I didn’t get it. Not really. You hear it everywhere, it’s probably the best-known trader’s mantra in the world: Cut Your Losers Fast And Let Your Winners Run But most of traders are unable to implement the same in their trading. Today we will discuss the reasoning behind it. Loss … Read more Solution for Loss Aversion in Trading
You may have put extra effort into your trading to try to overcome this problem, learning more about technical analysis and maybe trading psychology. But that doesn’t seem to matter. When you get into a trade you Following Happen 1. You feel your nerves rise. 2. Your attention rivets onto Price flashing in terminal,Every Tick … Read more Strong Emotions in Trading
During our training sessions with students we are very specific t make them understand you have lost money not because of market but the main reason is Your brain doesn’t like to lose.Its all there in your subconscious mind which is responsible for profit and loss for a trader. Brain remembers everything. How you trade … Read more Is Your Trading Brain making you lose money
There is nothing simple or painless about trading for a living.Its a competitive world out there. You have to compete with FII’s,DII’s, HNI’s , Operators, defeat other gladiators, and not get yourself killed in the process. How much should be your Stock Trading Capital Here are a few ways to become a better trader and … Read more How to Become a Full-Time Trader
By Walter T. Downs When trading goes right, it can be a great feeling. When trading goes wrong it can be a nightmare. Fortunes are made in a matter of weeks and lost in a matter of minutes. This pattern repeats itself as each new generation of traders hit the market. They hurl themselves out … Read more Aiming for the Right Target in Trading
One of the choices that every new trader has to make is whether to be a Discretionary/Subjective trader or a Mechanical /System trader. The third stage is called Intuitive trading which is called “ZEN” State which very few traders are able to achieve. In Today’s Article we will discuss on Discretionary Trading The definition of … Read more Whats Your Trading Style ?