WiseMan Trading

  Putting this blog with another last month PNL - not been able to trade much but tried to do whenever possible, the Personal Training groups size also got reduced and batches got shut down, but overall being a green month at the net which came with lots of learnings below are some I have put.  I've never seen a trader succeed whose explicit or implicit goal was to not lose. The trader who trades to not lose is like the person who lives to avoid death: both become spiritual hypochondriacs.  How can traders reduce their level of performance anxiety? Here are a few strategies that I have found to be effective : Focus on process goals when thinking about trading, rather than profits/losses – Traders like to set goals for themselves, yet often as not, monetary goals end up creating unnecessary pressures. More effective goals are ones that focus on the process of trading, such as limiting losses to two ticks if you’re a scalper or holding trades until a trailing stop is hit. A nice min

  Would you like to become a trader? At WISEMANTRADING   we don’t believe this is possible through just purchasing a course / Mentorship Programme. The road to trading success is a long, hard, winding road, with many potholes, false turns, and dead-ends. Sorry, but that’s a fact. There is no Holy-Grail trading solution  Just as peak performance in sport requires years of exposure to the sport, trading success comes from years of exposure to the markets, allowing constant improvement in the trader’s ability to read changes in market sentiment and react without fear, what we do at WISEMANTRADING  is to reduce your time and money spent on the market and keep you ahead 4-6 years ahead in Trading career.  Disciplined application of the following steps will get you off to a great start to becoming a trader. Please print it out and get started from step one immediately. And as you travel along this long journey to profitability, don’t forget to enjoy the process and marvel at the complexity o

  If you‟ve noticed the small number of pages in this blog, you may suspect that this is not the Greatest Trading Book – Ever! And you‟d be correct. But don‟t worry; there‟s a simple explanation. This blog will explain exactly how you can create The Greatest Trading Book – Ever! You see, it‟s not a book you can buy. It‟s something you create. Let me explain…

The best way to profit in the stock market, or any financial market, is to capture a trend in your time frame. There are other ways, like selling option premium or hedging production by selling futures contracts.                                               DECEMBER PNL AN REQUESTED BY MANY   But the majority of market participants are trying to capture a trend on their own trading or investing time frame. Buy and hold investors are betting on the long-term uptrend of the stock market over the course of their working life. Day traders try to capture trends from the time the market opens, until the time it closes, all in one day. Swing traders are looking to buy a low and then sell it as it trends higher over a few days, or sell a high price short and cover it at a lower price over a few days’. I have found that the longer the time frame, the simpler it is to capture the trend. Long-term trend followers filter out the noise and capture trends on daily or weekly charts and strive to avo

  Most traders move from trading system to trading system, and over time, until they find one that suits them… one that is comfortable to run and tests well over (back-tested, then real) time. Some traders never stop looking for the “right” system. THAT is a problem. There are many systems that can generate nice profits over time. To settle on a trading s that’s right for you: First, you have to believe in the process by which the system generates trades. Who was Fibonacci, and how did he arrive at his methodology? Does it make SENSE to YOU? Maybe you’re a visual sort of person and you are drawn to Candlestick charting. Take the time to understand why the patters mean “reversal” and not just accept the “picture”. Go deep. Choose a guru that you will need to trust 100%. If you choose to take your trades from a guru, understand where his or her godliness is coming from. This can be a dangerous choice in that you are giving up control to another. Choose wisely. Second, whatever system you

 How to Trade the Cup and Handle Chart Pattern How to Enter and Exit This Powerful Pattern  Chart patterns occur when the price of an asset moves in a way that resembles a common shape, like a triangle, rectangle, head and shoulders, or in this case a cup and handle. These patterns are a visual way to trade. They provide a logical entry point, a stop-loss location for managing risk, and a price target for exiting a profitable trade. Here's what the cup and handle is, how to trade it, and things to watch for to improve the odds of a profitable trade. 

  You read about the Gurus of trading.   There’s a group of them that started with their last few Thousands and ran it up to millions because of a simple strategy they can teach you.   There’s another group of Gurus that claim hard work, long study and signing up for their newsletter will lead you to where you want to go. All Gurus want you to “learn from their mistakes.” They ask, “Why should you make all the mistakes I’ve made, when you can benefit from my experiences?” Now being somewhat of a Guru myself, I think there IS a certain truth to this query, but not the way you probably think. Other trader’s experiences can make you aware of what to expect as you embark upon your trading. Knowing what to expect should translate into having less “blindside” occurrences. However, when you come across the forewarned learning experience, emotions will come up. These emotional situations (fear, overconfidence, freezing) are up to YOU to handle. (For me or some people are good with emotions ear