Investment Psychology – Part 5

As we have already established in our previous articles, investment psychology plays a crucial role in determining your trading career’s success. Markets react more to sentiment than to actual research and analysis. Therefore, to win at trading, you have to embrace the right psyche. This will help you navigate the ups and downs of your trades. That being said, let us dive into the final part of the investment psychology series. 17) Whenever possible, trade liquid stocks When you are starting out as a trader, it is important that you trade ONLY liquid…Read more »

Union Budget 2019 – Live Blog

Watch this space for live updates and exhaustive coverage of the Union Budget, 2019. With elections around the corner, the highly anticipated budget is all set to cover everything from farmer relief to Universal Basic Income scheme. 12:52 PM: Nifty and Sensex up by almost 1%. 12:45 PM: End of Speech. 12:41 PM: Income tax relief on notional rent from unsold houses extended to two years. 12:41 PM: Benefits of Sec80(i)BA extended for one more year for housing projects approved till the end of 2019-2020. 12:38 PM: For a taxpayer having capital gains…Read more »

Investment Psychology – Part 4

Like we have been mentioning in the investment psychology series, mastering the psychological aspects of trading and investing is sure to place you ahead of the rest of the traders. In the previous article, we discussed four extremely crucial psychological as well as trading points you should keep in mind to become successful. In the same pursuit, let us work on the following four points to master some more of the trading psychology which will set you apart. 13) Place numerous bets on low-risk ideas To pick up right where we left off,…Read more »

Investment Psychology – Part 3

As we mentioned in our previous article in the investment psychology series, trading is more of a psychological game than a strategic one. Once you have mastered the psychological calmness that trading requires, you will be amazed at how simple trading actually is. It can end up being the most lucrative job available with several benefits like easy scalability and extremely low set up cost. In this article, let us delve deeper into what you need to keep in mind to become a successful trader. 9) Don't jump the gun You need to…Read more »

Investment Psychology Part 2

In our investment psychology series, the previous article covered the first four trading psychology concepts covered by Martin J. Pring. Although every individual is different, trading and investing require a specific set of mental strength to become successful. Let’s understand the next set of mind rules which you need to incorporate to become a relaxed and profitable trader. 5) Don't overtrade Most new traders might get carried away with multiple profits and might place new orders hoping for more profits. Not only could these trades make losses, but these could also eat away…Read more »

Investment Psychology Part 1

The reason why 95% of retail traders fail is more often than not, only about their trading psychology than their technique or strategy. However, the importance of strategy and good risk management cannot be dismissed. In this series of investment psychology, we aim to cover the important topics outlined by Martin J.Pring in his book, ‘Investment Psychology Explained’. 1) When In Doubt Stay Out Never enter a trade when you are not sure of the direction. While it is okay to experiment with a smaller capital at the beginning of your trading journey,…Read more »

Four Things to Understand Before Starting Your Trading Career

Trading is one of the most lucrative careers and business options you can choose for yourself. But like any business, you need to understand the different aspects of trading and how your strategies and moves should be affected by it. At the crux of it, the most successful traders are those who follow their strategy without exceptions. Therefore, it is important to understand the overview of a strategy before jumping into trading. The overview of any strategy should give you more information about the following: Trading Market In India, you can trade in…Read more »

New Year Resolution for Traders

It is the time for resolutions and the hope for a promising new year! While most of our resolutions are not kept, we tend to justify it by saying “but, resolutions are meant to be broken”. But what happens when something as serious as your profession is at stake? If you are a full time trader, you need to have an honest conversation with yourself about your how well you did this year. It is crucial to take a step back and review how well you have done. This allows you to look…Read more »

Time to Review your Trading plan

The new year 2019 is almost upon us! For traders, this means that we need to look deep into our trading plan and analyse what went right and what went wrong. Although every trader’s measure of profitability depends on various factors like his/her risk appetite, capital and risk management, it all comes down to how well they have managed to stay profitable throughout the volatile year of 2018. To welcome a profitable 2019, it is time to ask yourself tough questions and determine what went right and what went wrong. In this article, we…Read more »

As New Parents, Is It Too Early To Think About Securing Your Child’s Future?

In India, children are celebrated in ways that the western world would fail to understand. We rejoice and celebrate every milestone they cross and it is in our cultural value to secure their future. This is drastically different from western nations where children have to find their own means of securing their future after they turn 18. With extravagant celebrations, education and marriage on the roadmap as soon as a child is born, parents might feel the financial burden piling on one after the other. The direct inference of this is that this…Read more »