Thursday, 4 August 2016

Missed money is better than lost money

We, as a trader, should be willing to observe the market and make an informed decision. Missed money is better than lost money, so wait patiently for the best opportunities to arrive and take trades according to the trend of the market. Long-term patience will keep your confidence and optimism high, and short-term patience will help you wait for the best trades.

Success doesn’t come easy, and rarely are fortunes made overnight. Be willing to pay your dues and put in the work in order to achieve your goals.

Sometime trade gets stopped out and sometime it met with its target.Getting stopped out is not an indication of trade being wrong and trend is terminated. Stops are used only to protect our capital and limit risk. Trading is all about managing risk. Even though if you are right 50 % of the time, you’ll still end up making some money in the long run provided you cut your losses short and let your profits run.

Wednesday, 27 July 2016

Trading

In trading world, small profits lead to riches. There could be few outperforming trades but that is not always true. While trading with a mentality that somehow or by some method you will start to find every outperforming stock and you will make money with speed of light is just an illusion.

The conclusion is, try to be consistent to catch smaller profits, somehow in middle of road you will also get some outperforming results, which will act as a cherry on cake. But take out the thinking you are going to be top richest person with a day or week or a month. There could be a few lucky traders but there is only few in this world.

Most people who trade these days use indicators or oscillators in one way or another, searching for the magic input values to make them work consistently. After losing money and spending countless hours in this effort, they realize that there is no magic set of inputs. The reason for their failure is, they are not thinking about the market as simple as market is.

The market works simply on Supply and Demand factor. So, they should try to evaluate simple methods or indicators according to it. Use the indicators which can give you clear picture of these kinds of basic market parameters. Volumes, patterns and price itself can easily provide the complete story of the market, that whether it is in an uptrend or downtrend or moving in trading range.

(From Mr Sudarshan Shukhani's Post)

Thursday, 19 May 2016

Top Seven Technical Analysts of All Time Share Their Secrets

Marty Schwartz ran his account up from $40,000 to $20 Million and also won the U.S. Investing Championship in 1984.

Mark D. Cook  Lost all his capital several times while learning to trade including one occasion when he lost more than his entire net worth after five years Mark had totally recovered from the losses.Now he trades options holding them 3-30 days and day trades S&P 500 and NASDAQ futures.

Victor Sperandeo An options trader and technical analyst who had a string of 18 profitable years clocking an average return of 72%.  His first loss was in 1990 with a 35% drawdown. 

Ed Seykota THE pioneer when it comes to computerized trading systems.  Inspired by the work of Richard Donchian he began developing futures trading systems in the 1970s Originally he wrote trend following systems with some pattern recognition and money management rules.  By 1988 one of his clients’ accounts was up 250,000% on a cash-on-cash basis.  Today it is reported that his daily trading efforts consist of the few minutes it takes him to run his computer programs and generate the new signals.

http://etfhq.com/blog/2013/03/02/top-technical-analysts/

Friday, 25 March 2016

Three Weeks Tight Chart Pattern by John Otaye



3 weeks tight pattern is defined as three weekly closes of a stock price each within a 1% close of the previous week. A 3 weeks tight pattern and sometimes it could be 4 weeks depending on the overall market indicates the stock is trading at a tight price range on low volume ideally, this action points to institutional support.
http://wwwjonnywebspider.blogspot.in/2012/03/3-weeks-tight-pattern.html

Friday, 19 February 2016

Learning How to Trade for a Living

Trading for a living is one of the loftiest goal of anyone who analyses the market. For someone who likes to study the market, there’s nothing better than being able to trade for a living.

http://www.tradingsetupsreview.com/65-resources-for-learning-how-to-trade-for-a-living/#

Why Is It So Hard To Change Our Behavior ?

We have to feel that we need to change. If change is not an urgent priority, it quickly yields to the status quo. Read more at >
http://www.forbes.com/sites/brettsteenbarger/2016/02/07/why-is-it-so-hard-to-change-our-behavior/#3a4c6ca1d659