The Dos and Don’ts of great trading

Trading Trading is not gambling. Trading is years of hard work, learning, and discipline. If you are looking for a place to make money easily, look elsewhere. Trading is purely a game of psychology and discipline. Numbers data etc are secondary Never trade with a profit target in mind. Trade because the trade is the … Continue reading The Dos and Don’ts of great trading

Do you have what it takes to be a good trader?

Good traders are dispassionate about money. They trade with the money they do not need Simply put, rationality is way more important than emotions when you are gambling high stakes. When you trade with the money you need — like it is set aside for a house, or a car, or a wedding, you will get emotional … Continue reading Do you have what it takes to be a good trader?

14 trading tips to improve your trading

Trade only with the money you can afford to lose. Do not take huge positions. You will not be able to manage the emotions Do not trade to get rich quickly, or because you think it is easy money. The stock market is among the toughest ways to make money Do not trade when you … Continue reading 14 trading tips to improve your trading

How to Improve your day trading

Representative image for the hobbies of traders Be Patient — Patience is everything in day trading. When you are about to enter a trade, hold your nerve till you actually get the entry price you wanted. It will come. And if does not come, don’t take the trade Be Aggressive — When you are ready to take a trade and … Continue reading How to Improve your day trading

Improve your trading decisions

Number 0: Master your mind. Cultivate discipline. And conscientiousness Conscientiousness is the ability to follow a plan. So basically you need to cultivate the mental mettle to stick to the plan. You also need to be immensely patient, and immensely disciplined. Number 1: Always have a written trading plan. If you are taking a trade, … Continue reading Improve your trading decisions