Trading psychology and the role of subconscious mind

Psychology

How many times have we heard this word ‘psychology’ getting associated with trading profession? Innumerable times. To the uninitiated, it seems to be an over-rated (probably abused) word. I will make an attempt to give a different perspective about psychology’s part in trading as there are lot of literature that talks about cliched topics like ‘handling fear/greed and discipline issues’. We will not focus on those items in this blogpost. » More »


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Egoless trading, the best trading strategy of all

Egoless

There was a small surge of direct messages in twitter this weekend on why I should not bother about people trolling about the recent drawdown in my daytrading activity. I casually mentioned in one of the tweets that “My ego and self-image are not attached to trading success” and it made me thinking on why people give priority to ego over making money in trading. Hence this post. » More »


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Basic pillars of trading success

Impatience

When I first started full-time trading, I was always looking to find/figure out a system with best win-rate and highest return possible. As years passed by, I came to terms with other tenets of trading that ‘actually’ makes the difference in shifting from unprofitable to a consistently profitable trader. This post is about those tenets and it might sound trivial to seasoned traders but it is always good to revisit basics every now and then. We tend to ignore the basics as we move on (this applies to all kinds of profession/business). » More »


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Why do we exit prematurely from a trade

Impatience

I had the privilege of meeting so many traders last weekend in a trader’s conference in Lavasa, Pune. It was an excellent eye-opener for me with respect to the struggle a budding trader goes through. Different traders had different issues and wanted to talk about a common issue among traders in this post. » More »


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Overcoming the fear of pulling the trigger

There’s a saying that’s been used in pool halls and poker rooms – if you gonna sweat it, then don’t bet it. Don’t get me wrong here. it’s good to be a little nervous because it keeps things exciting and in perspective but if we see our setups working again and again in a consistent manner and we don’t put on a trade – that’s like having the “the upper hand” in anything that involves winning and we are not betting. It’s like having the best batsmen in our team and no wicket-keeper behind us, it’s like spotting Tiger Woods a 10 stoke lead, and it’s like getting a Royal Flush (in poker) when the pot is maxed out. » More »


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