Kunal Desai It is easy to see price action in the stock market as random. Some days stocks go up, and some days stocks go down. Some days they go up a lot, and some days they go down a lot. To the average person, the financial markets seem just like a casino. But the reality is …
Read moreThe Accumulation Phase: Mastering Market Cycles Day 1
Every single trader makes mistakes. Usually on a daily basis. And often it’s the same mistake that you’ve made 100’s of times before. Why? Because no matter how experienced or rich you are, we are all human. This means we all have the same weaknesses, and are subject to the same emotions that are harmful …
Read moreSimple Trading Mistakes That Can Cost You Big Money
One of best parts about trading for a living is that you can do it from anywhere in the world. For profitable trading on the road, you need to treat trading like a job. This is not a vacation but a lifestyle so you need to be able to make money while you’re away. You need …
Every trader goes through winning streaks and periods of drawdown. No matter if you are trading with a million dollars or a thousand, every trader will go through both of these periods every trading year. Most losing traders struggle to be profitable not because of lack of winning trades. They lose because they let their …
No one likes to admit they were wrong. Especially when you spent hours planning that trade, and you know that the company is undervalued. Inability to keep losing trades small is the most common trait of failed traders. Risk management is an essential component of a successful trader. It is even more important than having …
Read moreEssential Strategies For Keeping Losing Trades Small
October has historically been a bad month for the stock market. What we are seeing this month is a bad month compared to recent years when we have had a non-stop bull market. But for momentum traders like us, times like this is when we make the most money. More volatility in the markets means …