Becoming everyday best is core motive for every trader. Here are ten easy ways to make trades better: People should trade quantified high probability entry signals with good risk/reward skewed in their favour, not their emotions or opinions. This is important.To start a trade, decide where you will stop out of it when it goes…
It’s important to be uncomfortable if we want to be great traders. It is also important to find ways to trade against uncertainties. To accept that no one has a time machine or a crystal ball means we can’t know what the future will be. We can only take our chances and manage the risk…
As a new trader, things that are easy for you to do and make you feel good are almost always bad ideas. Trading is a hard thing to do, and that’s why 90% of people don’t make money with it. There are some truths to keep in mind while trading. It’s part of the “If…
Starting the trading without building a trading plan is worthless. Here are 20 points for building a trading plan: System I need to figure out what kind of trader I’m going to be. It all depends on what kind of trader you are and what kind of market you want to be in. How often…
Knowledge only becomes wisdom if it is shared and used. I have put together 50 of the best Powerful Trading Wisdom Advices that talk about the psychology of trading. They could print it out and put it on their trading desk. Follow these Powerful Trading Wisdom Advices and Enjoy… 1. It is very important to…
Managing Money Mindset As A Trader Is Very Important. In this case, if I had a good strategy and stuck to the rules, nothing could go wrong. Misconception: A lot of people who start trading make this mistake. Most of the time, this leads them to lose money and give up on trading. A lot…
Managing personal finances is important. Personal finances are only about how you manage your money and how much you spend. In personal finance, it’s more about how people act than how math works. There are many people who don’t need to keep track of how much money they make if they are thrifty and don’t…
It’s one sign that you’re new to trading or investing if you react too emotionally to a single trade. You can’t be a winner in one day or one trade on a short time frame. Success happens over a long time. Market edges show up over time with more trades. Profitability in trading comes from…
To be a good trader, you don’t have to know how to do math or how to pick stocks. Understanding the psychology of trading is very important. After you have a quantified trading system with an edge, how you deal with your emotions will determine your success more than anything else. This is because how…
People can have six different types of wealth in their lives. Wealth is measured by how much money and things you own. Wealth comes from having a lot of success and fame, which gives you a lot of power. In good health, we can find the wealth. Wealth comes in time, so you can make…