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Only Profession in World :Out of 5 …..4 are Minting Money Daily and 1 is always loser

  
Analysis, Education

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5 People Involved in Trading 

4 Are Always Winner :

1) Trader : 95% are Losers …………………….(Losing every day )

2)Broker :Will Mint Money Both side u buy or sell 

3)Stock Exchange :Will Mint Money from Brokerage ,TAX

 4)Govt :U Earn or lose ………………….Everyday Govt getting TAX (Free of cost )

5)Blue Channels :Minting from Advertisement ,From Management ,From Manipulation +Insider Trading.

Yes ,So out of 5 if 4 people or group are earning…………….Is it not a good Business ??

Most Common Advice is Ineffective

  
  Education
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“Plan the trade, and trade the plan!” is perhaps the most common advice given to traders. As far as advice goes, it’s well meaning, but unfortunately falls well short of addressing the problem most traders actually face. 

Looking at the advice, it has two parts. The first part says you need a plan. No argument there. But the second part, about executing the plan, that’s where the problems appear. Why?

The two parts to the advice ‘plan the trade’ and the ‘trade the plan’ require two very different skill sets. Without understanding the different skills required, it’s highly likely that you will continue to regularly veer from your plan.

Here’s the disconnect. Planning the trade depends on your intellect. And most of the time, the development of the plan does not occur in the heat of battle.  It’s relatively easily to let your intellect guide you, to be the primary driver when you’re not in the heat of battle. But in the heat of battle, when we have to decide right now whether to enter or exit, an entirely different situation occurs. (more…)

Always Be Learning

  
  Education

When you love to do something, you enjoy learning more and more about it.  Most active traders would rather trade than do just about anything else.  Do we enjoy the learning?  Depends upon how we come upon it.  When something is a core value, our fascination with learning more about it is endless.  You can’t get enough of it.  However, when we learn through painful experience, such as the hard knocks of trading, enough certainly is enough.

Losses are tough.  Errors and mistakes are bothersome.  And, yet there’s almost always a lesson in there if you remain alert to improving.  I’ve always said that mistakes are okay if you acknowledge them and learn from them.  James Joyce said, “Mistakes are portals of discovery.”

As I trade and make mistakes, I say to myself, “I don’t have to do that again.”  And I feel reassured and optimistic about the future. Of course, I do, “do that again”.  We all do.  There are certain default attitudes and positions we naturally fall prey to.  But with an attitude of learning, we do it less and less until we (hopefully) stop repeating the unhelpful thinking and behaving.

When you trade with an attitude of constant and never ending improvement, you are alert to small and large ways to get better.  Not perfect, just better.  You pay attention to what you are doing that works so you can repeat it.

I like to end the trading day asking myself, “What did I learn today?”  Then I ask myself, “How can I utilize that tomorrow?” 

You always want to be careful to ask yourself those questions that will get you where you want to go?  “How can I become a better trader?”  “How else can I become a  better trader?” are both good questions.  Never ask yourself toxic questions such as “Why do I always lose?”  Worse still, “Why am I such a loser?”  As Carl Jung said, “To ask the right question is already half the solution of a problem.”

As a trader you want to be in a vigilant and continual process of personal and professional amelioration.  If you’re seeking to get better all the time, you won’t get worse, at least not for long.  Onward Traders!

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