This is a practice which is done by most successful people in any stream of business . It is popularly known fact that in intraday trading also the successful traders visualize winning trades, and imagine that they get a daily income from using their favorite trading systems. This practice if done regularly in the alpha states like when you just about to retire to sleep or when you get up from sleep will induce a inner conviction of your being a successful trader . This will keep you relaxed and in positive mindset even when you are taking your trades. You will tend to gather inward courage while trading and your decisions will be normally good decisions.This acts as a neutralizer of emotions. It will give you adequate energy and boost of inspiration to keep moving forward even when you are facing losses. Intraday trading as all of you know is a mental game . However good strategy you may have if you are in negative frame of mind you will n ever succeed. Also you will need to bolster ...

The intraday trader is normally very impatient and enters this field only because he dreams of quick money . The intraday trader has a sense of impatience and wants to take multiple quick trades on small time frames. This is the main weakness or the impulsive behavior that needs to be brought under control . It is only those intraday traders who check the main trend and the confluence of their trading rules before taking the trade that survive the long battle and turn out to be winners in the long run.The intraday traders keep testing all the different indicators on live markets and do not stick to one method . The variety of trades will only cause the losses to happen and reduce your capital.The trader should stick to only one method and fine tune that so that the method becomes second nature to the trader and he is able to curtail his losses and maximize his earnings.It should be kept in mind that not only has the trader to keep control on his capital but also on the profits. Th...

You must win the BATTLE WITHIN YOURSELF first, before you can win in the markets. This is the primary lesson that you will learn in you trading career. Initially when a intraday trader enters the markets he is bombarded with so many emotional turbulence. Some times he will struggle for the best intraday trading software . Other times he will struggle to take all the trades. Some times he will start doing positional trading since he feels all the big moves are in positional trades. sometimes he will totally avoid the positional trades and do intraday. sometimes he will do only intraday thinking that he needs to sleep peacefully and not get affected by news. In intraday sometimes he will do on medium time frame where he will be hit with big stops and sometimes will do scalping so that that loses are small but then he realizes that the gains are not big enough.This struggle forms major emotional character of any starting intraday trader. Once you get into that mindset that what are you...

We need to train our minds to be winners even when we face the losing streak in trading days.This may sound difficult but it is very important to learn and tune yourself with this mindset. What is the inner play of this mindset is what we would explain to you. When any intraday trader enters to play in the stock markets he is faced with many challenges. One is to learn the technical of trading and to formulate the best suitable trading strategy for your trades. The other step is to follow all the trades coming in the system on your selected scripts and not to miss the trades come what may. This is where the mind set comes into play. Once you have successful strategy and then you are faced with a bunch of losing trades then you mind will start coming up with devilish thoughts like am I in for a rough road, I should have listened when all around people told me that it is gambling. there is no strategy that will work at all time. it is not possible to win in the markets...ect etc. You ...

This is very common reason why the trading is a losing game for many people. This is the reason we are discussing this point in length. whatever is the trading strategy that a trader uses, it will have its share of losing trades. It depends entirely on you money management methods that will decide the success of trading career. In case you keep you stop loss large then you of course need more large winners or very few losers for making you on the positive territory. In case you keep very small stop losses then you could afford to have more losers and few winners which can be keep trailing for best gains. Now when the winning trade comes immediately after a losing trade there are 2 types of reactions. one may be that i should exit fast and make up loss and the other maybe let me remain till the end or when i get large targets to be in gains . In the first  case the trader will just break even on the day and the second case since the trader gets greedy may even have to take a...

ONCE YOU HAVE A GREAT INTRADAY TRADING SYSTEM AND STRATEGY, THEN WHY ARE YOU STILL LOSING ? You as a trader as all the intraday traders do, have worked several hours to device your best intraday trading system which generates all the levels like the entry , exit stop loss, buy and sell signals , based on some technical analysis rules . Then the intraday trader will normally backtest the results using paper trading on historical data. He will also consult with other trade gurus he might come in touch with who are making money and will finally feel and decide mentally that he will be following the system in live markets to trade . Then now you have got down with full confidence in mind. you are taking the first trade with real money. The buy sell signal software or system gives the trade and it turns a loss. But you are mentally saying in your mind that all trades will not be winners , even the best traders don't win all trades.Then you take the second trade which also turns a l...