psychology

  1. madank

    The A to Z of trading career - musings of a professional trader !!

    Dear all, Thanks for letting me open a thread here in TJ. Hope we can learn and interact with each other positively. As noted elsewhere, i will be posting one post per week (or multiple posts sometimes) and we can discuss on that post in another thread. Am known among my family...
  2. kingsmasher1

    Need advice from seniors: Should i stay off market after this loss? Really?

    Dear Seniors, Need help. I am a day trader, and should say, relatively good at it. I had been in continuous profit for 3 consecutive weeks. Last time i traded, when i was off-sick, suffering from food-poisoning and entered a wrong trade, and went for a huge loss which i also posted in...
  3. DayTrader007

    Profit in Long or Short When you are More Comfortable..? Pls Vote.

    All Dear Traderji Friends as we become happy when get profit. But I want to know in which case you are more comfortable either in Longs or Shorts. For example If market going UP and you get 10% profit and same thing happen when market going DOWN and you get 10% profit. In which...
  4. M

    Price Action Doubt

    In general as per price action trading strategy, we know that we can enter in opposite direction with trapped traders. But in today's Nifty Future, I didn't observed this kind of strong move opposite to trapped traders. Please refer the attached screen shot and help me to understand this...
  5. amandeep86

    Why Day trading is Tough and only 2-3% are successful

    Hi Friends Had a discussion with ST da regarding success of day traders,less than 3% of total trading population are consistent day traders. This thread is dedicated to identify the challenges and problems faced in day trading with respect to trading Method ,Psychological Problems and...
  6. K

    need for psychology books

    Hi Friends, We know that psychology is very important to trading success. Every website, every blog, every forum tells us that it is important, but no where it says why it is important. Can anyone help me understand the need for trading psychology and the need for reading psychology books...
  7. T

    How can the elections influence the market.

    I have been hearing lot of things about the influence of elections over the market. People, Traders, Speculators and at last even the politicians say a lot of aspects on elections which will influence the market. Lets have a discussion on these, so that we can have a greater visibility over the...
  8. DSM

    Trading wisdom from Phantom of the pits

    This is the wisdom shared by a legendary trader called Phantom of the pits, who had over thirty years of success behind him. He choose to remain unknown, but wanted to share his ideas of trading with other traders. (I came across the original material in form of a pdf which...
  9. R

    Thinking that makes losses worse.

    Extract from 'The Disciplined Trader' by Mark Douglas If you are in a losing trade, the market could be moving farther and farther away from your entry point, increasing your potential loss by the moment. While this is happening, however, you may only be able to imagine it coming back in your...
  10. R

    A story of three traders Nero Tulip, part 1/3

    Excerpt from the book Fooled by randomness by Nassim Nicholas Taleb (The author tells the stories of three Wall Street traders (Nero Tulip, Carlos and John) whose fates were defined by the 1998 summer crises. A good reading for traders looking at differing trading strategies one being in...
  11. R

    Ouch! Stopped!! How did it happen?

    Am sharing a price behavior pattern exhibited by some stocks that seem to be in an uptrend, which also traps traders triggering stop losses. Assume a stock ABCD is closing successively higher for three days at 298.25, 300.50, 302.00 Then on the fourth day, the stock makes a big green candle...
  12. R

    Top 10 trading losses & how they happened : Time Magazine, May 2012

    Top 10 trading losses & how they happened (and what we can learn from them) : Time Magazine, May 2012 --------------------------------- 10. Metallgesellschaft, $1.3 billion A German oil refinery and metalworking conglomerate Metallgesellschaft AG gambled hard and fell even harder. In...
  13. R

    The Six Enemies of Greatness (and Happiness)

    A brilliant article : The Six Enemies of Greatness (and Happiness) - By Jessica Hagy, Forbes These six factors can erode the grandest of plans and the noblest of intentions. They can turn visionaries into paper-pushers and wide-eyed dreamers into shivering, weeping balls of regret. Beware...
  14. R

    Wicked thought / strategy

    Assuming XYZ is day trader or trading futures, and is loosing money consistently over a long period of time. For sake of argument say, if he were to trade in the opposite direction of his strategy, i.e Sell when the strategy calls for a buy and vice-versa, would he make money? My own...
  15. K

    10 straight SLs and 2 trades to recover

    Dear Fellow Traders, I recently had an experience which shook me and almost had me rethink about my confidence in trading. For 3 days , I had Stop losses hit across 10 continuous trades. I am a purely Technical Trader, all SLs are put on the basis of TA and reading and interpreting charts...
  16. R

    10 psychological rules for traders from Mark Douglas

    Besides the well known rules for trading (Trade with the trend, Cut your losses, let profits run, etc.) these are the principals not much discussed, but that will improve trading : 1. Be rigid with rules, flexible with targets. 2. Focus on opportunities that provide an edge. 3. Trade...
  17. B

    lets imagine everyone is a master trader...now what happens!?

    This is a pure imaginary scenario I was wondering ! if all the traders were top class who understands crowd psychology, risk/money management, highly intuitive traders etc etc. and the field is level playing i.e everyone has access to all modern technology for algo or highfrequency...
  18. M

    31 trading precepts I have learned over the years

    We are who we are and we start from where we start Each of us brings unique strengths to the markets Every morning we agree to play as delighted beginners Reality Pays. The more our minds model the market, the more in sync we get We build on our strengths and manage everything else. The...
  19. M

    Getting to know trading in India

    Hi, I am a seasoned option/stock and futures floor trader in the U.S. I have built a floor trading company and an electronic exchange. I am interested in the Indian markets and I plan to come to Bangalore and Mumbai this November/December 2010. My focus of interest is the psychology of...