Wednesday, March 2

Are you Loss Making Trader?

Its an well known  adage in Stock market "90% of trader lose money, 5% are at breakeven and only 5% are highly profitable trader".
So trading seems to be highly profitable profession if you are in top 5%  but its a loss making profession for remaing 95%.
So let me discuss few characteristic of Bad traders
  • A Bad trader will always be a forecaster of market tops and bottom, You will speculate that market cannot go above the certain level or cannot go down below certain level. You will involve bias in your trading and when market starts going against you , you will talk of all kind of conspiracy theories market is rigged, Operator are making stop losses hit etc.
“Don’t try to buy at the bottom and sell at the top.


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