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Trading with Dirty Words Trading!

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Should-Phrases include: “The market should have” and “I should have”. Those phrases are often used to socialize losses. They are a strong signal something is off. They should be used to aid you in correcting your vision not make you feel better.

Must-Phrases include: “The market must…”, “I must make money”, or “I must trade”. The market does not have to do anything and neither do you. When you use the word “must” it is hardly ever from a position of strength. The market knows when you are desperate and will take full advantage of you. Keeping your expenses as low as possible will make it easier to not make those statements.

Won’t – Phrases include: “The market won’t…” or “I won’t make money”. Notice a theme here? You are part of the market, you are not the market. Not getting what you expect, even if it is positive, confuses the brain. If you expect to lose and don’t it is still a bad outcome. Your brain is going through enough as it is. The market is a one way walkie talkie, you listen, it talks.

Can’t – Phrases include: “The market can’t…” or “I can’t…” or “I can’t lose anymore”. Yes, the market can, go look at a chart. Go look at a Fed day or about any chart from 2008. Not only can it happen, it does happen. There are no more once in a lifetime moves in the market. There are and always have been life changing moves. No one ever said trading was easy, but at least in the case of futures someone is taking your money. If you think you can’t, you probably won’t. The market will take every penny you have. If can take every penny you put at risk. Fix the problem, when you run out of money it is too late.

Market is very Risky for long Traders, Your Safe? Herein

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 NIFTY TARGETS  5568-5525 Today (Positional 5498-5391)

1  Risk is not the same as volatility. Assets can be volatile on the upside as well as the downside. Risk should instead be viewed as the permanent loss of purchasing power.

2 A risk should not be evaluated based its frequency. Some risks only have to happen once to be catastrophic.

3 Sophistication and knowledge are not a form of or substitute for risk management.

4 Although following the crowd may feel comfortable, risks are just as catastrophic whether you suffer with company or suffer alone.

5 Bullish consensus manufacturers the greatest risks because nobody is prepared and everyone runs for the exits at the same time. Strong optimistic consensus provides a sense that nothing can go wrong. This is why the greatest catastrophes seem to come out of the blue.

6 Activity, research and analysis provides a false sense of control over the future. However, devastating losses rarely due to a lack of brain power or analytical prowess.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Improving Trading – 4 Points

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Improving Trading – 4 Points

  • Eliminate the potential that the market will disappoint you, think probabilities before executing a trade.
  • Don’t look at a trade outcome as being right or wrong, but again in terms of probabilities
  • When a pattern you know presents itself, trade it, don’t think, just respect your stops.
  • When analyzing your trade, how much are you willing to put at risk to see if other market participants will come alongside your view. In other words, look first at the loss potential instead of focusing on gains.

22 Trading rules for Traders and Investors

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“I told my psychiatrist that everyone hates me. He said I was being ridiculous – everyone hasn’t met me yet.”

22 trading rules

1)  All successful traders use methods that suit their personality; You are neither Waren Buffett nor George Soros nor Jesse Livermore; Don’t assume you can trade like them.

2)  What the market does is beyond your control; Your reaction to the market, however, is not beyond your control. Indeed, its the ONLY thing you can control.

3)  To be a winner, you have to be willing to take a loss; (The Stop-Loss Breakdown)

4)  HOPE is not a word in the winning Trader’s vocabulary;

5)  When you are on a losing streak — and you will eventually find yourself on one — reduce your position size;

6)  Don’t underestimate the time it takes to succeed as a trader — it takes 10 years to become very good at anything; (There Are No Shortcuts)

7)  Trading is a vocation — not a hobby

8)  Have a business/trading plan; (Write This Down)

9)  Identify your greatest weakness, Be honest — and DEAL with it

10)  There are times when the best thing to do is nothing; Learn to recognize these times (Nothing Doing)

11)  Being a great trader is a process. It’s a race with no finish line.

12)  Other people’s opinions are meaningless to you; Make your own trading decisions
(The Wrong Crowd)

13)  Analyze your past trades. Study what happened to the stocks after you closed the position. Consider your P&L game tapes and go over them the way Vince Lombardi Bill Parcells reviewed past Superbowls

14)  Excessive leverage can knock you out of the game permanently

15)  The Best traders continue to learn — and adapt to changing conditions

16)  Don’t just stand there and let the truck roll over you

17)Being wrong is acceptable — staying wrong is unforgivable (I liked this one! –BMB)

18)  Contain your losses (Protect Your Backside)

19)  Good traders manage the downside; They don’t worry about the upside

20)  Knowing when to get out of a position is as important as when to get in

21)  To excel, you have to put in hard work

22)  Discipline, Discipline, Discipline !

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Tomorrow is too LATE for Intraday Trader

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intraday trader

Trading has many ups and downs and can easily cause us to feel defeated.

However, defeat can only be disastrous if we classify it as disastrous. Losses, defeats, failures, etc. have been a part of history for every person who has reached high levels of success. The difference with the successful people is that they analyze the situation immediately. Those that tend to fade away are those that wait until tomorrow or maybe never to review and discover why the results were not what they expected. To be successful we must accept every result as a part of our growth and to apply those findings today. Don’t wait until tomorrow, because tomorrow may be too late.