Trading Secrets of Successful traders

During my training sessions i would like to ask my students what do you mean by trading?
Most of the students will answer trading is all about mathematics and probabilities. Some will say its all about charts, other will say its all about earnings and future prospects of earnings about the particular stocks or Sensex. From my perceptive trading is a mind game. Its individual trader belief will determine his success in stock market.Putting it all together, it is more than just numbers.

“Successful trading depends on the 3M`s – Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger – deciding when to buy and sell. Money refers to how you manage your trading capital.” – Alexander Elder

Every traders will enter market believing its


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