About Day Trading: Be an Old Trader, Not a Bold Trader
| from Adam Milton Most traders would like to make a living from trading for their entire lives. In order to do this, they need to make a choice between being a risk taker and being risk adverse. Which one do you think is most conducive to being a lifelong profitable trader? This week's day trading newsletter will answer this question (the answer really should be obvious), along with some more day trading quick tips, and a new market profile. The newsletter includes: - being an old trader rather than a bold trader (day trading quick tip # 7), - finding a reason not to make a trade (day trading quick tip # 8), - a profile of the Nifty stock index and futures market (most US and European traders just said "the what?", but Indian traders know what I'm talking about), - and the weekly economic calendar with volatility expectations. Good trading everyone :-) |
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In the Spotlight |
Be an Old Trader, Not a Bold Trader There is a saying that is often told to newly licensed pilots, and the saying equally applies to newly funded traders. The saying, adapted for traders, is as follows: There are old traders, and there are bold traders, but there are no old, bold traders ... find out what this means | | Find a Reason to Stay Flat Successful trading involves looking for a reason to enter a trade (price patterns, indicator patterns, etc.) and then entering those trades without any hesitation, right? ... Wrong! ... find out why staying flat will make you money | Profile of the Nifty Stock Index and Futures Market The NIFTY futures market is based upon the Nifty stock index, which is the primary stock index of the National Stock Exchange (NSE) in India. The Nifty stock index consists of fifty companies that represent the diversity of the stocks that are traded on the NSE. The Nifty stock index is calculated in real time, and the NIFTY futures market is traded on the NEAT electronic trading system from 9:55 AM to 3:30 PM Indian Time ... find out about the Nifty | Sponsored Links | | | | Advertisement |