February 2, 2017
Trading is not about being right or wrong, but it’s about seeing the market in probabilities. Trading is the act of putting one’s hard earned money in the market (at risk of losing it, without fear) under circumstances where one has an edge, a higher change or probability of price action going in one’s favour, while following strict risk & money management rules. Trading is not a quick get-rich scheme. Rather, it is about mastering the technique to preserve one’s capital. When one learns how to manage the risk and preserve capital, profit will come naturally, when when one focuses […]
August 7, 2016
The psychology behind trading is the force that makes the moves in the market. Besides a good Elliott Wave analysis and proper money management, trading psychology is crucial for being successful in this business. There are four psychological kinds of emotions that drive most individual decision making in any market in the world: Greed, Fear, Hope and Regret. 1. Greed could be defined as a trader’s desire to trade in order to provide an unrealistic profit. Greedy traders focus only on how much money they could have made. This emotion frequently leads to ignoring proper money management and often prevents […]
August 7, 2016
The Market is the king of all kings when it comes to trading. Many traders enter the Market with the belief that they will become multi-millionaires in a very short period of time and start disrespecting the Market. As we have always said, the Market is very mysterious and most trader experience a higher degree of success during early stages. It is at this early stage when the Disease of me starts growing and creating a very turbulent and dangerous future for the traders. Ego by definition is in your conscious mind, the part of your identity that you consider your “self.” If you […]