Trading methods and systems are only a small part of trading success. Any method’s weakest point is the trader. If a trader trades too big and too often, no trading system will work. A great trading system will fail if the trader lacks the discipline to trade the entries and exits. Fear, greed, and ego…
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There are very important things to give up if you want to be wealthy trader. We get so caught up in adding to our trading arsenal with knowledge, books, chart patterns, indicators, moving averages, gurus, securities for our watch list, and whatever else we think will help us make money. But we forget to remove…
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The following is an excerpt from Jack D Schwager’s book, The New Market Wizards, that has been condensed. I strongly advise all active traders to read this book. Following are Key Points From The Market Wizards book: 1. First and foremost before knowing key points from the market wizards Are you sure you want to…
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Even though this has been one of the best years for making money in the stock market in a long time, with such strong trends in both directions, there are times and markets that are best avoided. Because of the headline risk and volatility caused by Europe, I’ve been trading smaller and smaller, until I’m…
Continue reading We should follow few rules when we trade. These things a trader needs to start doing that will make money for them. It’s hard to figure out what makes them successful so that as traders, we can follow these rules and generate profits. Traders need to start doing things right away if they want to…
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A Good Plan For Trading In Stock Market is very important. We should know that What is reason that stops the majority of traders to transform from new trader to good trader? Not being able to handle the stress of trading: this is primarily due to a lack of confidence in themselves and/or their method.…
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The majority of traders who lose money and leave the markets without learning the lessons. The market was trying to teach them some important lessons. There were most likely four Nightmares of the failed trader who go through the trader’s account, leaving behind lost battles, pestilence, famine, and destruction. What are the causes a trader’s…
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A great trading plan is the only way to be a great trader. You will feel relaxed and confident in your knowledge and understanding if you stick to your Trading Plan and allow it to be your boss rather than your ego or emotions. Because you know your strategy will win in the end, no…
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With all of the experience and understanding, books, chart patterns and indicators that we are adding to our trading toolbox, it’s easy to forget what we need to get rid of from our trading routine. We don’t think about the things things a Trader Needs to Avoid when we’re adding new things to our toolbox.…
Continue reading The majority of people believe they are playing against the market, but the market is unconcerned. You’re essentially competing with yourself. We don’t lose to the markets, we lose to ourselves. Our ability to follow price action with discipline while managing risk is what makes us successful. In the short term, price action and certain…
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