Skip to main content

The veteran trader feeds on the new trader

The only difference between the new trader and the old trader is that the old trader has learnt to be in control as compared to the new trader. both are trading using the same charts and indicators.

A good trading system and the mental strength to commit to and execute the signals that
system gives you is the way of the seasoned trader.

The seasoned trader can notice when he is making any human error in relating to his emotions and fears and quickly breaks that habit by making new neuron-pathways, means suppose he is erring in moving his stop loss to cost or to break even when he sees gains, then he will focus on that and start doing that soon as a matter of habit. Trading is nothing but a game of probability , where you have to have the odds ion your favor. Once you have set your strategy fro trading then just like  mechanical trader follow it without using brains and mind. At the end of the period of time it will reap benefits. If still the method is not profiting then change the method. Do  not change methods frequently. The trading strategy should be simple and mechanical with risk and money management built in. That is the reason so many traders are crazy after formulating a intraday software with mechanical buy sell signals which are giving high probability trades.

You’re going to get emotional… just HOW emotional will be largely a function of
whether your risk capital is “comfortably lo-sable,” when you are faced with a step back
on your road to profit.

In the end, it’s all about attitude and you mental strength of conviction to follow your
tested trading plan

For further information on the BUY AND SELL SOFTWARE, Intraday software, Real time data, Nifty live Charts  , please visit :

Call: 9958406102




Comments

Popular posts from this blog

BANK NIFTY PERFORMANCE ON 25 JULY 2013

BANK NIFTY SELL TRADE MADE ABOUT 70 POINTS ON 25 JULY 2013

FII FLOWS INCREASES

Flows into India likely to remain limited in the near term, as relative valuations of stocks versus emerging markets do not look attractive, Macquarie says. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie says. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows of foreign institutional investors (FIIs) in April vs strong Jan-March inflows, Macquarie says. Indian stocks look historically cheap, but is trading at a premium of around 33 percent vs emerging markets vs the long-term average of 27 percent, Macquarie estimates. Nifty is seen trading in 5,000 to 5,500 range and the Sensex in 16,000 to 18,000 range, as “global liquidity glut” to provide some support, Macquarie says. Reuters

Day Trading Software - Does This Really Work

By  Peter Skotnicky Can day trading software be an invaluable tool when it comes to choosing profitable stocks? Exploring this somewhat new technology may help with selecting the smart trade. Day trading software can give you an extra advantage to choosing the right trades. By using algorithms, the software helps choose the stocks that will be the most profitable. If this is a new concept for you as with most people when it comes to day trading, here are a few basics. The trade day starts at 8 a.m. and is over at 4 p.m. Eastern Time. Since most people would like to know what is happening on the stock market before they begin trading, this is where the software comes into the picture. Choose a style that delivers the most important aspects to you before the trade day begins. News feeds and analysis of the best choices is extremely important. The stock market is complicated and figuring out what all the charts mean is nearly impossible for a newcomer. If you want to know ...