TRADE LIKE A MONK

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Showing posts with the label candlesticks

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Still using normal candlesticks in 2024 ?? Use the better candlesticks !

March 28, 2024

2024 candlesticks heikinashi march

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How to Trade like Nicolas Darvas

A few weeks ago, I came across a book named “How I made $ 2 million in the Stock Market “ . At first I was skeptical of buying it as I thought it would talk about get rich quick thing or maybe the author would only be talking about how great he was so that he made this fortune in such a short span of time. But I am glad I ordered the book and I was hooked as soon as I started reading it! Read : Best Stock Market Books For Trader and Investors Nicolas Darvas was extremely famous in the Stock Market realm not only because of the fact that he made $ 2 Million in the stock market, but because of the way in which he made it. He had no prior knowledge of the market and was a professional dancer and continued to pursue his dancing profession and he used to...

Best Stock Market Books for Traders and Investors.

Trading is an ever learning journey and books can become our mentors and help us sail through the rough waters of stock market and it’s better to learn from other’s mistakes and experiences rather than doing that ourselves. These books are my personal favorites and I don’t claim these to be the best out there. But yes, these should be in every trader’s library for sure. Trade like a Monk This is my first book. I have tried to explain the importance of Trading Psychology in it as it is the most important piece of the stock market puzzle. You would have never heard anyone saying that they lost their capital in markets because of a bad strategy. They lose it because of their mindset and bad risk management. Knowing ourselves is very important to master the game of stock market. If you interact with any pro trader or investor, they would tell you how much trading psychology helped them be better traders or investors. In fact, I believe that trading psychology and mi...

What is the Best Time Frame to Trade?

Let me straight away get to the point that there is no such thing as BEST time frame for trading. It will always vary from person to person. That’s why I would urge you to stop looking for an answer to this question. You have to select the time frame that suits your personality, your psychology and it should be curated according to the time that you can devote to the screen. It’s not a one size fits all thing. Moreover, if you are copying some other trader’s trading style and time frame just because that trader is very successful, it won’t be a very good idea. The time frame that suits him or her might prove to be a disaster for you! One of my Twitter follower once told me that he trades only in the first hour of the market opening simply because he is free at that time and after that he has to go for his job. That’s not a very good way of trading I guess! The market will not work according to our convenience, we won’t get the right trades at the time which suits u...