Monday 30 March 2015

TRADING REALITY,,,


For people wanna migrate from being amateur to professional one of the supreme rule is this. If you think your analysis, charts, news etc will make you a bigger trader than you are most likely to be proven wrong as the real game is not in knowing but in doing. Tons of materials are available on the analysis part but hardly on the doing part which is actually the game changer. Why most trader die early in their career is because of lack of understanding of the doing part as it cannot be taught through books but can only be learned under the guidance of a mentor and how many mentor you know?
Nevertheless focus more on understanding the market dynamics, behavior of market participants, feedback loop working between bulls and bears, position sizing, trade management, etc etc to sharpen your skills. The best traders dont worry about which side of the market they are instead they have an uncanny skill of successfully propelling themselves on the right side of market if they are not already.......
One of the eternal wisdom from the legend himself....