Archives of “January 5, 2019” day

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The Ten Trading Commandments

  
  Education
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Respect the price action but never defer to it.

The action (or “eyes”) is a valuable tool when trading but if you defer to the flickering ticks, stocks would be “better” up and “worse” down—and that’s a losing proposition. This is a particularly pertinent point as headlines of new highs serve as sexy sirens for those on the sidelines. 
Discipline trumps conviction.

No matter how strongly you feel on a given position, you must defer to the principles of discipline when trading. Always try to define your risk and, above all, never believe that you’re smarter than the market. 
Opportunities are made up easier than losses. 
It’s not necessary to play every move, it’s only necessary to have a high winning percentage on the trades you choose to make. Sometimes the ability not to trade is as important as trading ability.
Emotion is the enemy when trading. 
Emotional decisions always have a way of coming back to haunt you. If you’re personally attached to a position, your decision making process will be flawed. It’s that simple. 
Zig when others Zag.

Sell hope, buy despair and take the other side of emotional disconnects in the context of controlled risk. If you can’t find the sheep in the herd, chances are that you’re it. 
Adapt your style to the market. (more…)

Stock Market Success

  
  Education
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SUCCESS11)  The psychological model – What makes great traders, this model  asserts, is self-mastery.  Great traders don’t necessarily possess  better trading methods or secrets, but apply common wisdom more  consistently, with less emotional interference, and therefore with  better risk management.  Developing trading expertise is a function of  developing oneself in this model.  

 2)  The scientific model – What makes great traders according to this  model is superior research.  Markets exhibit cause-effect  relationships, and these relationships shift over time.  The role of  research is to uncover these patterns and capitalize upon them.  Such  a model is, in a sense, the opposite of the psychological model.  It  hypothesizes that, once you discover inefficiencies in the  marketplace, these can be incorporated into mechanical systems that  eliminate any troublesome human elements from trading.   (more…)

Could you Trade Full Time?

  
  Education
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Take this quick quiz and honestly determine if you are built to trade full time:

  • Are you properly capitalized?
    I wouldn’t suggest anyone start to think about trading full time until they have at least six figures that can be used solely for trading. Living expenses must come from other income or saved funds. Without six figures (and the more then better), I suggest you continue to build your stake.
  • Are you a successful part time trader?
    Why do you think you can succeed being a full time trader if you haven’t made money as a part time trader? Have you built your own stake to six figures trading part time? If so, you pass this question with flying colors.
  • Have you developed a system that works?
    Does your system have a     positive expectancy? Have you back tested the system (I don’t hold too much weight to this question)? Do you understand position sizing and do you implement it properly so you don’t blow-up with one or two trades?
  • Does your system offer enough opportunity?
    Without opportunity (multiple trading signals per day/ week), you will not be able to achieve your system’s expectancy. A lack of opportunity may skew your results and turn your anticipated positive expectancy to a negative expectancy and cause you to go broke.
  • Can you handle your emotions?
    How do you handle your emotions now with longer term positions or part time trading? Do you follow your rules, all the time? Will you have pressure to make money every month, week or day? Can you handle being alone (most cases) and staring at a computer for large portions of the day?
  • Finally, do you have spouse or other influence that will interfere with your endeavor?
    A spouse, friend or family (member) can have a negative affect on your trading that may result in subconscious sabotage.     Outside negative forces or nagging pressure people may lead you down a path that is not controllable because you are trying to prove something rather than “just trade” based on your acquired skills. Make sure the closest people in your life support you while making the move to full time trading.

All Dip Buyers……………Trapped in Last 3 sessions.(Just Avoid Blue Channels & 279 Idiots )

  
  Education

Earning Money & Creating Wealth is Important in Trading…………………Rest all thing is BAKWAAS !!!!!!!

Remember One Thing :95% Traders will lose Money ,Time ,Energy & Many more things………….(Naked Truth )

You Need Money ,Mind ,Method + MANY MORE THINGS to Win in Indian Market (EXTREME LEVEL Manipulation + Insider Trading happening…..95% or more Traders Don’t know………They just watch BLUE CHANNELS + Trading screen )

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