via IFTTT LEARNING TO LOVE TO TAKE A LOSS This is something you’ll hear successful traders say all the time. If you’re going to be a successful trader, you will have to learn to love taking a loss. Basically, what that means is it does not bother you to have a losing trade. Don’t get…
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via IFTTT SETTING AND ACCOMPLISHING REALISTIC GOALS I realized early on in my trading career that one of the most common characteristics in almost all successful traders I’d met was they are all very goal-oriented. In fact, I’m not sure if you realize it or not, but that’s when people are at their best. …
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via IFTTT ACTING IN YOUR OWN BEST INTEREST You will see this theme throughout this series. It is the most important concept you can learn in order to be a successful trader. If you can master this skill, you can be very successful in this business. But without it, you are destined to fail. It…
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via IFTTT Read the Story on Tale of 2 Traders Our first trader is Ned. Ned is an intraday trader who day trades the index Futures. He’s been trying to be consistently successful for the last six months. Unfortunately, it hasn’t worked out very well. But it’s not because of his methods that he’s having…
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Open High, Open Low Strategy – Conditions/Features: Mistakes to avoid – Don’t enter before confirmation Chart Set-up – Use 3 or 5 min candlestick chart Follow Fixed Positional Sizing everyday – Use fixed capital all the time Easy/Simple to trade – No complex algo/patterns involved Accuracy 80-85% Limited Risk – Know your risk before taking…
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EPF (Employee Provident Fund) Contribution When you start working, you and your employer both contribute 12% of your basic salary into your EPF account Provident Fund & Pension Fund Contribution The entire 12% of your contribution goes into your EPF account. Along with this 3.67% (out of 12%) from your employer goes into your EPF…
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What is EPF (Employee Provident Fund)? It is a pension fund which provides financial security and stability for employees in the future. Employees need to contribute a portion (12%) of their salaries every month. The savings are used at the time of retirement. The amount earns interest and is also eligible for a tax deduction.…
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What is NPS (National Pension System)? NPS is an easily accessible, low cost, tax efficient, flexible and portable retirement savings account. Who can Join NPS? Individuals who are aged between 18 – 60 years (You cannot contribute once you turn 60) Investment in NPS is independent of your contribution to any Provident Fund. How and…
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Importance of Investing in RE Portfolio diversification Limited availability, as you cannot create/mine it Shelter – A Basic Necessity Different ways of investing in RE Rural/Agri Lands & Plots Flats & Individual Houses Stocks of Real Estate companies Commercial Real Estate InvIT REITs Investing in Land/Plots/House Pros: Emotional thing, Desirable – keeps the spirit up…
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Importance of Investing in Gold Portfolio diversification Longest living currency ever All central banks still holds gold Limited availability Different ways of investing in Gold Physical Gold Gold Futures in Commodities market Gold ETF Gold Mutual Funds Sovereign Gold Bonds Investing in Physical Gold Pros: No Lock-in Period No Paper work Cons: Additional making charges…
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