Tag Archive for: Trader mistakes
False motivation holds back your progress in trading
Do you know what many people are very good at? They are good at idle talks! They often speak about their plans and about some business they want to do. And, what is interesting, they could be very convincing when they do it. Do you know what many people are not so good at? They […]
Violation of discipline in trading: reason or consequence?
Usually, traders connect losing money in the market with a lack of discipline. However, not many people try to analyze the reasons which provoke insufficiency of consistency in making trading decisions. In fact, absence of discipline is just a consequence rather than reason. In the present article, we will try to analyze the main factors […]
8 ideas of how to combine trading and employment
If you have a full employment, it is a rather complex task to become a professional trader during your free time. To quit employment in order to become a profitable trader? Or to become a profitable trader in order to quit employment? Whatever is the way you formulate your goal (the second variant seems more […]
Real trader stories. Failures and successes
Trader stories are important for development of new market participants. Reading about successes and mistakes of other traders, beginners adopt valuable experience. Despite the fact that trader stories do not contain specific charts and setups, nevertheless, they contain important general information: advice of experienced traders; reasons of their failures and successes in specific trades; rules […]
Real trader stories. Part 2
Stories of real traders are required for the evolution of beginners. Reading about achievements and failures of famous traders, beginner traders become motivated and absorb valuable somebody else’s experience. Of course, trader stories do not contain examples of chart analysis. Nevertheless, important things might be found in simple advice. Read in this article: principles of […]
Is Trading Psychology The Decisive Factor?
Many intraday traders think that the idea of trading lies in trading indicators, stock screeners and economic reports data. They rarely think about other important trading factors. Operation of the human brain stays unnoticeable in the majority of cases until we pay focused attention to it. You will learn from this article what role the […]
Is the discipline in trading the main secret of success?
Usually traders start to lose money when they stop following their own trading plans. When the market behaviour changes and it starts, for example, move fast, the traders who slowly react to such changes fall into despair and start to open trades disorderly. Absence of discipline and self-control in such a situation results in catastrophic […]