Latest Posts

rss

10 Thing u should learn from Market

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

1. “There is no such thing as easy money”

This is so true, in the markets, in everything. Those who happen upon money where it DID come to them easily, it seems, as a witness, have had it very fleetingly. In my own case, although I am supremely confident in the profitabliity of what I am doing, in practically any market, in virtually any “regime,” doesn’t mean it’s easy. It works like clockwork and is incredibly painful and distressing. It would be so much easier to simply sell buckets of blood.”

2. It’s bad to try to make money the same way several days in a row
3. Markets that have little liquidity are almost impossible to profit from.
4. When the stock market is way down, policy makers take notice and do what they can to remedy the situation.
5. The market puts infinitely more emphasis on ephemeral announcements that it should.
6. It is good to go against the trend followers after they have become committed.
7. One should not make one’s analysis more precise than one’s actual trading could ever possibly be.

8.If the rational mind has not determined the parameters of a trade, then upon execution, the lizard brain will decide.
9. Never go on vacation with open trading positions.
10.  All higher forms of math and statistics are useless in uncovering regularities.
Technically Yours/ASR TEAM/BARODA/INDIA

3 Rules to Master Risk and Uncertainties

  
  Education
#  #  #  #  #

1. Overcome Fear

Great traders know that fear can choke our decision process and cause us to avoid taking risks. Fear also can paralyze you when you need to act quickly and decisively to save yourself from danger – the deer-in-the-headlights syndrome. All great traders have mastered their fears and are able to act decisively when needed.

2. Remain Flexible

As a trader, you never know which stock or which market may make a move. This is the essence of uncertainty. You don’t’ know what is going to happen. When you don’t know what is going to happen, the best strategy is be ready for anything.

3. Prepare To Be Wrong

If you don’t know what the future will bring and you choose a trade that assumes a particular outcome, you are possible going to be wrong. Depending on the type of trade, in many cases it can even be more likely that you will lose money than that you will win money. What matters in the end it the total money won and lost, not whether you are right more often than wrong. Great traders are comfortable making decision when they know they could be wrong. –

Divorce Ego from the trade

  
  Education
#  #  #  #  #

Divorce
The most important change will only occur when you will learn to DIVORCE  EGO FROM THE TRADE. Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. Listen only to what the market is telling you now. Forget what you thought it was telling you five minutes ago. The sole objective of trading is not to prove you’re right, but to hear the cash register ring.

Think Like Las Vegas

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #

Do you think of each trade as an island, as the great hope, or do you think in terms of probabilities over a series of trades? Casinos make their money by keeping the odds in their favor over a large number of bets. And that’s how successful traders think too. They don’t get attached to the success or failure of any given trade. Their primary goal is to stay calm, relaxed and open to the market’s opportunities so that they can execute their edge precisely and keep the odds in their favor. Thats why I make such a big deal about emotional clearing and staying calm. The emotional clearing technique I use is literally worth tens of thousands of dollars to me in bottom line results.

Go to top