Sriram Krishnan

Insights on Forex and Stocks.

[sriramkris-blog]

Chart Analysis Type2

Test Content

[sriramkris-blog]

How to trade

Deadly Sins of Trading

Adding To Losers

Not playing like a Casino Machine..viz not having Dialy,Weekly,Portfolio loss limits

Lack of Position Sizing 

Not using a Stop loss

Not Hedging

Not understanding the overall context

Failure to draw the right type of lines

Not withdrawing Money from Trading account

Not Journalling

Not honoring change and inability to read price action

Inability to manage the Monkey : Pride-Greed-Rigidity-Expectations-Anger-Revenge-Shame-Insult-Doubt-Fear-Paralysis

Overtrading and Not filtering trades with certain criteria

Engaging in a type of self-talk or outward talk that is detrimental to the Subconcious ...such as having crystallized opiinions etc

Daily too low time frames and overloading brain with too much decision taking which leads to fatigue...opposite of less is more

Not doing the Homework well before trading day

Trading too many markets and instruments 

Looking for the Perfect system which doesnt exist

Not understanding Law of Large Numbers and Probabilities and Exceptions vs Rules.

Not adding to winners in a controlled and safe manner

Taking small profits as a routine thereby skewing the Avg Winner  size against Avg Loser  size.

Foolishly thinking that Number of Winners or Winning % parameter is more important than the size of the winners against the losers.Its the size that matters.

[sriramkris-blog]

Chart Analysis Type1