Super Gann Trader Academy which conducts stock market institute in Delhi, offers free trader awareness lessons. Risk is part of every human action. From the moment we get up in the morning, drive or take public transport to get to work till we get back in our beds, we are exposed to risks. We also seek some risks on our own (speeding on highways or gambling, for instance) and enjoy them. Risk is a blend of opportunity and danger with an uncertainty…
Mr. Raman is a trader. Today he is shocked to see that his trading account has only Rs 75000/- . Last month he was up 200% and his account had reached Rs 450,000/- But after recent market reversal, he is left with a small fraction in his account. What is wrong with his trading? Correct answer is money management and inadequate capital for the trading business. Money management is one of the most important aspects of top trading and investing…
Super Gann Trader Academy which conducts share market courses in Mumbai, offers free trader awareness lessons. 90% of investors/traders lose money. The other 10% get all the profits. This is due to our emotions, memory, confirmation and other biases. These are part of human nature and there is no way for us to overcome these with our current biology. Most of both the retail and institutional traders sooner or later will lose. Traders who succeed are not lucky; they’re trading differently…
Super Gann Trader Academy which conducts share market training in Mumbai, offers free trader awareness lessons. Loss aversion is a phenomenon in our thinking that causes us to prefer to avoid losses more than preferring gains. We hate losing more than winning the same amount. Our loss aversion goes up as stakes rise higher. Examples of loss aversion bias include: • In sports, teams change tactics from aggressive to defensive play when they are ahead in the game. Instead of increasing their lead…
Super Gann Trader Academy which conducts share market classes in Chennai, offers free trader awareness lessons. We see what we want to see A confirmation bias is a thinking bias that causes self harm due to a blind spot in our thinking. We are not aware that it exists and how it affects our behavior and perception of reality. Confirmation bias causes us to favor information that supports our belief and ignore other information. This causes us to be selective in our…
Super Gann Trader Academy which runs stock market institute in Delhi, offers free trader awareness lessons. Examples of patterns in life Babies love seeking human face patterns. It is good for their survival as they need adult humans to take care of them. If a couple of movies based on love story become successful, other producers begin love story projects. When we observe that a flight is delayed or hostess has behaved rudely we begin to believe that this must be…
Super Gann Trader Academy which conducts stock market courses in Delhi, offers free trader awareness lessons. Charles Darwin (the scientist who made theory of evolution) Quote “It is not the strongest of the species that survive, or the most intelligent, but the ones most responsive to change.” This above statement is applicable in stock market if you read it as given below. It is not the strongest of the traders that survive, or the most intelligent, but the ones most responsive to change.…
Super Gann Trader Academy which conducts share market training in Mumbai, offers free trader awareness lessons. Once upon a time, Palestine and Israel were locked in major battle occupying opposite sides of a ridge. As part of ancient warfare tradition, Palestine challenged them for a single combat (one warrior from either side) to settle the dispute without incurring bloodshed of big battle. Palestine sent their mightiest warrior Goliath for this combat. Goliath was a 6 feet 9 inches tall, well-built warrior.…
Super Gann Trader Academy which conducts share market courses in Mumbai, offers free trader awareness lessons. Can simple rules based trading make you rich? Yes it can, simple rules can be very effective even in complex environment like stock market. Some simple rules in action: When crossing the road, our brain does not concentrate on every object on the road. Adding information like eye color of people driving their vehicles or walking on the street to our consciousness will confuse us…