Search results

There is no eas money in trading. You have to be consistently disciplined to start hitting the good. But when you start hitting the good numbers. There is no turning back ever! Because your habits have already become your character.

Forget about what other traders are doing. What are you doing? Your fight is against your procrastinating self. I will start reading tommorow! I will start journaling tommorow! I will start being more disciplined! I will start will soon be. I wish I started earlier. Kill that voice now...

The truth is our emotions are always stronger than our minds. The part of the brain responsible for emotional control can be shut down by emotions in times of turmoil. Hence it's impossible to eliminate emotions. However, we can reduce the times we react to these emotions. We can reduce...

Trading forex is the same as playing chess. The king is your capital, protect it at all times. Never under estimate your opponent, the market. Don't fear your opponent, the market. Plan the game ahead, No plan= Failure. Your opponent is there to win, so are you. When you are winning, take...

Never ever be afraid of taking a loss. This is always a psychological barrier which is there in the 2nd or 3rd year. Some people never get over this non sense and soon it grows into a habit. This is one of the reasons SAM BANKMAN-FRIED lost billions. In an interview his girlfriend openly...

Set an yearly goal. Eg. I want to have 1000 usd capital in management. - I want to be consistent in following my trading plan. Then set a 3 month goals. -Eg, I will practice more. -I will look for a job to supplement my trading. Then set 1 month goal. -I will backtest each week at this...

5 years of trading makes you discover things about yourself that most people don't discover in their entire life. The market pays you to learn about yourself. In 10 years you are low key but extremely confident and humble. This is a journey to greatest craftsmanship.

Mark Douglas says there are 4 types of trades. 1. Good trades. 2. Bad trades. 3. Winning trades. 4. Losing trades. You can have good trades which are losers. You can have bad trades which are winners. Winning trades are good trades which lost and losing trades are good trades which lost...

To say the truth the learning curve is very painful. You will get battle scars you never imagined. But remember you are re-programming yourself. That is why even with a profitable system, most traders still lose. Before you balance fear, greed, euphoria and anger. You will have to sustain...

The need for constant action is another trader killer as per Jesse Livermore. And this is true. Why do you want to always be in the markets like a slave? In the end you end up getting addicted to the markets. I was telling someone how I have not taken a trade in 4 days and they almost...

You only lose when you give up. Remember the 1% rule. Do something positive for your trading everyday. The only positive thing you can is not give up.