Qualities of Top 5% Trader

The largest academic study ever conducted on day trading shows that most traders lose money  even during a bull market. Only 5% of active traders were able to earn significant profits two years in a row. Are 95% of traders dumb? Hardly. As a trading coach , I believe  traders are among the intelligent and … Read more

Psychology of Day Trader

Market has been Topsy turfy in past few trading session and we have a weekend coming ahead which should be used by traders in productive manner to improve trading, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he transformed himself … Read more

How to Overcome Fear in Trading

All  traders and investors in every kind of market feel fear at some level. Turn on the news one day and hear that a steep, unexpected selloff is taking place and most of us will get a queasy feeling in our stomachs. But the key to successful, profitable market timing—in fact, in all trading—is in how we … Read more

Successful Day Trading Secrets

Years ago in college, I remember reading Greek mythology. These were wondrous stories of adventure, courage, exploration and searching. Yet there is one principle that stands out from these many great tales that has served to guide my life in business and most especially trading. The Greek word “sophrosene” or “balance.” It teaches that in … Read more

Trading Behavior – Emotion vs Logic

Shared by Chirag Blog Reader The market doesn’t always act rationally, and neither do traders. Explore how emotion can potentially trump logic, cloud judgment, and lead to sub-optimal trading decisions. Using Technical Analysis Identify trends to know what and when to trade In the 1970s, two university behavioral science researchers, Daniel Kahneman and Amos Tversky, … Read more