Lessons from market wizards – then and now

I read Market wizards book some 11 years ago and remember highlighting so many points that made sense to me those days. After someone talked about Jack Schwager recently, i thought i should read that classic book once again. » More »


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Professional vs Amateur trader

This blogpost is a small effort to delineate the thought process of a Professional in comparison to an amateur trader. » More »


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Get comfortable being wrong

Human nature is to be right all the time. Nobody likes to be wrong even in petty/useless arguments. This particular thought process is one of the primary reasons for many opting for methods that shows high winning percentage with abysmal Risk:Reward ratio. Many of the world’s renowned traders are trend followers and trend following usually delivers something that human brain is not used to – More losers than winners with superior Risk:Reward ratio. » More »


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Your trading is exciting or boring?

Introduction

Many folks find trading the markets pretty exciting. Why not? Seeing the tickers move wild can give great excitement to anyone and the prospect (not actually making money..just the prospect) of making money can give the best adrenaline rush . A fun-filled activity right? As a matter of fact, they become really sad when the markets are closed as there is no fun in mundane daily activities. » More »


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Great lesson from Mahabharata – Visualization

Most of you already know that am not a religious person but the mythological books can teach us many life lessons. So, my reading habit obviously gravitates even towards mythological stories/ books. » More »


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Twitter poll on expectancy

Trading Journal

I had put a poll on twitter yesterday with options to choose from various combinations of Winrate and Risk:Reward(RR) » More »


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Social media and its impact on the mindset of a trader

I have been active in Twitter for the past 6 months and this side of world seems to be filled with overly-expressive folks, especially, when it comes to trading. Traders bicker with each other like kids for everything under the roof and keep fighting that their method is the best in the markets. Even a 5-year experienced trader knows that there are many ways to skin a cat and one method is not superior to other. » More »


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Trading psychology Part two

Psychology

This is in continuation with the previous post on psychology and subconscious mind. There were some interesting messages in twitter after I posted the first blogpost on psychology. Here is the link to the previous post. » More »


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Egoless trading, the best trading strategy of all

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

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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