Archives of “January 2019” month

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5 Mistakes -Traders Always Do

  
  Education
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Over trading

Most new traders think that they must always be long or short the market. They lose a lot of money during certain market stages like corrections, high volatility, or bear markets. Sometimes the best position is cash. Sometimes the best trade is no trade. Sometimes their is no signal just chaos. Profitable trading is taking signals for trades that have good odds for success and the right risk/reward ratio for your win rate expectations. Cash is a position in itself. The less I trade the more money I make.

Ignorant of their own ignorance

The more you don’t know, the more sure you are that you know everything. New traders many times do not understand the danger of big losses. They also do not understand the mental and emotional strain of having on trades with real money in real time. A lot of hubris and arrogance is born out of not being humbled by the markets. Looking at historical charts and past history is nothing like holding positions in real time.With skin in the game and not being able to see the hard right edge of the chart as it unfolds is a different experience than theories, back tests, and reading trading books. The real traders I know that have a ton of experience are humble and know that they don’t know the future. (more…)

Successful traders are committed

  
  Education
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ACCEPTANCE OF OFTENTIMES ILLOGICAL MARKET BEHAVIOR

DISCIPLINE IN THE FACE OF UNCERTAINTY

PATIENCE WHEN LITTLE IS TO BE ACCOMPLISHED OTHERWISE

FOCUS ON THE RIGHT NOW INSTEAD OF WHAT MIGHT BE

PERSONAL RESPONSIBILITY FOR EVERY ACTION AND REACTION

PASSION WHEN ALL ELSE FAILS

MAKING MONEY WHEN WRONG

Mental Fitness Tips that Every Trader Should Know -Anirudh Sethi

  
Analysis, Education
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Mental Fitness for Traders makes no thought of your money related conditions. All material introduced inside is not to be viewed as venture exhortation, but rather for general enlightening purposes as it was. Trading stocks, fates, Forex, and choices do include chance, so alert should dependably be used. We can’t ensure benefits or flexibility from misfortune. You accept the whole cost and danger of any trading you attempt. You are exclusively in charge of settling on your own speculation choices. Trading achievement is needy more on the dealer’s enthusiastic state than on the system utilized, paying little respect to how vigorous it might be. We are people so having feelings like fear and voracity is ordinary in our everyday life yet not in trading when we are trading we need to act like machines or robots. Regardless of whether you’re a specialist trader or only a tenderfoot, a great tip can measurably affect your main concern. A couple of the world’s best Forex dealers we’re made a request to uncover the best three hints, traps, and strategies that assist them trade gainfully. The great ones are found and developed. The Bad ones… well, you see achievement is just a couple of basic orders, honed each day; while disappointment is essentially a couple of blunders in judgment, rehashed each day. Up to 75-80% of traders are, for the most parts. Make a bigger number of misfortunes than benefits. With such low achievement rates, stock trading may be among the more unsafe calling around. Be that as it may, the 20%+ that do profit reliably, appears to take after the same mental chain of considerations and we thought it may be fascinating to represent some of those musings here for the advantages of our pursuers.

Passion for Trading

The larger topic of good trading propensities is the absence of feelings. The less passionate you are, the more effective you can apply your psyche. When you put your brain to trading you have a tendency to pose more inquiries, actually! A few things that may ring a bell when you make inquiries could be:

Does this flag demonstrate a long or short position?

  • How is the market, in general?
  • How huge would a position it be advisable for me to take?
  • What would I be able to manage?
  • Are more individuals discussing my stock now, than prior?
  • Is the market assumption evolving? Which way?

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