The journey of a trader from new trader to wealthy trader is broken down into 30 steps. We buy books, take video courses, maybe go to live seminars, and study what actually works in trading. With the new knowledge we have, we start to trading. We make some money money, but also lose it back…
The following is a list of Things Traders Must Manage For Success. Traders must have excellent risk management skills. Traders must deal with their own stress. Make sure you don’t trade too big to keep your stress level down. If you can’t talk calmly to someone while you trade, you’re trading too big! Traders need…
If you find a good trading system, you may not know that even if you make some important mistakes, you can still make the system lose money. Once you have a system that seems to be strong based on previous data, stock charts, or back testing, be careful not to make these mistakes: In the…
What is a trading mindset? Being a trader isn’t just about coming up with better strategies and doing more research. It’s also about having a winning mindset. According to a lot of studies of traders, what separates a winner from a loser: It’s not that successful traders come up with better trading strategies. It’s not…
My Trading Resolutions for 2022: I will only take the best trade set ups in 2022.I will throw away the average and poor ones. I want each trade to have a good risk to reward ratio.Based on the worst-case scenario for volatility and range expansion, I will decide how big I should be in each…
Good Trader Vs Bad Trader? How can we manage the mind, ego, and emotions in order to make good trades. We can get a good trade with full confidence and adheres to your trading strategy. Personal opinion lead to a bad trade. A good trade is one in which the entry and position sizes are…
Here are the ten steps that indicate you’ve progressed from novice to pro trader: You take your stop losses with little stress or emotional stress. Also this indicates that you are using the appropriate position size and are willing to accept losses as part of the process. You’ve stopped trading at random and are only…
There are 3 Keys To Get Trading Success in trading that you must follow if you want to be a long-term winner in trading. You can’t lose in the long run if you do these three things. If you don’t do one of them, you won’t last long as an active trader. These three simple…
A goal refers to a result that is desired to achieve in the future by making efforts in present. The most significant work to be performed before you begin investing is to define your investment goal. Your desire to Turn Your Investment Goals into Reality can be fulfilled if you have genuine and realistic expectations.…
Comeback from a Setback as a trader is one of the most difficult things a new trader will have to do. Losing 50% or more of an account, or even the entire account, can be a disaster to a new trader’s psychology and nerves. The majority of people never recover from this. There is a…