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5 Things I Wish I Knew Before I Started Trading?

There is a saying that 90% of the retail trader and investors tends to lose money.

Why is it so? And what is that 10%, who makes money, do differently?

Watch below video as I answer this question using a unique 5M framework.

Summary:

So, You want to be a trader or investor.

Just like any other business you need to have the right set of tools and fundamentals in place to set you up for success.  

There is a saying that 90% of the traders don't make money consistently.

So what sets apart those 10% of people who consistently make money from the market?

You see, if you want to be a great artist or you want to start your own business, you need to have certain core strategies, fundamentals in place. 

But what happens in trading business is that when someone starts trading, they usually fund a trading account, find a good broker and either listen to some people, and look for the tips etc. and start trading.

And the results are usually not good,. 

But on the...

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Negative Oil Prices: What does it Mean and How to Profit from Record Low Oil Prices?

The price of one American oil futures contract crashed on Monday into the negative for the first time in history.

The May WTI crude contract CL.1, -113.23% CLK20, -113.23% closed at -$37.63 a barrel, a one-day drop of $55.90, or 306%, according to Dow Jones Market Data. Those prices—at negative $$ per barrel—mean that companies must now pay a buyer to take oil off their hands and store it if they want to exit the market. 

Since the COVID-19 epidemic started, S&P500 crashed over 30% to 2192+/- from the high of $3393.52 in just matter of 4weeks. Dow Jones, Dow Transport, Nasdaq and Russell 2000 all suffered similar fates. However, market panic was nowhere else as pronounced as in Crude Oil.

Crude Oil Price War

On 8 March 2020, Saudi Arabia initiated a price war with Russia, facilitating a significant fall in the price of oil. Over a few weeks, US oil prices fell by 34%, crude oil fell by 26%, and Brent oil fell by 24%. The price war was triggered by a breakup in...

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Using Probability in Options Trading

 

On a weekend afternoon, I received a phone call from one of my mentees who was learning to trade options using a high probability options trading system.

He was a diligent trader who always analysed his trades after they closed and made it a point to read up on trading. This time around, he had a few losing options trades in S&P500. After analysing his trades, though, he couldn’t identify what errors he had made which had led to losses. So, he decided to give me a call to seek my help.

Probability in Trading

We talked for a while on the phone, and I spent a good amount of my time understanding his trades. I realised soon that there were no errors on his part!

He had a workable trading approach that provided good results with a nice payoff and winning ratios. He followed his rules accordingly, and his execution was perfect. The losses that had happened were simply because- there were economic situations outside his control, and markets can remain irrational longer than one...

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