The Mindful Trader NewsletterIssue #13 - July 15, 2023Let's understand who Mark Douglas is.Mark Douglas was a trader, investor, and the author of several trading books. He was famous for popularizing the idea of “trading psychology.” He spent his career coaching traders on how to improve their performance. Mark Douglas documented most of his trading methods in his knowledge-packed books. He became popular with publishing his famous book Trading in the Zone, released in 2000.I hardly read any...
almost 2 years ago • 5 min read
The Mindful Trader NewsletterIssue #11 - July 1, 2023 I did use paper trading in the initial stages of my trading journey.Even now, once in a while, when I am testing any new strategy (especially Option Selling Strategies), I paper trade it for a few weeks to find out its shortcomings of the same.Let's understand if paper trading can help us to improve trading performance.If you are a complete beginner and need to learn about paper trading, you will be gaining full practical knowledge by the...
almost 2 years ago • 4 min read
The Mindful Trader NewsletterIssue #9 - June 24, 2023 If you can relate to any of these 7 points, then there are signs that you are addicted to trading or in the process of getting addicted. 7. You can't stay away from watching the charts. 6. You want to trade daily when the markets are ON. 5. You tend to overtrade or revenge trade often. 4. You keep worrying about your overnight positions. 3. Your mood changes based on the profit/loss you made that day. 2. You keep watching every new YouTube...
almost 2 years ago • 4 min read
The Mindful Trader NewsletterIssue #8 - June 17, 2023 Writing this mail from Goa.Although I am on vacation for a week here by taking a break from active trading, I started reflecting on my trading journey and the learnings I have experienced all these years. I'll be sharing 21 simple yet effective personal trading learnings. It helps to level up your trading journey. 21. Do not run after new strategies every time You can focus on a few best ones first & test them enough. You cannot stick to...
almost 2 years ago • 5 min read
The Mindful Trader NewsletterIssue #7 - June 10, 2023 If you are a beginner or intermediate-level options trader or want to start options trading but are still figuring out where to begin. In that case, the newsletter can help clear many options trading concepts. Let's get started: Option Buying Vs Selling Option Sellers can generate some profit even if the underlying asset is not moving anywhere (sideways market)However, the buyers can make money only if the underlying moves in their...
almost 2 years ago • 5 min read
The Mindful Trader NewsletterIssue #6 - June 3, 2023 We want to recover our losses in trading because we feel we lost something and want to gain back in the same place. But the Irony is The more you try to recover the loss, the more you lose. I experienced this during my trading journey; you must have felt that. We feel frustrated and regretful for losing our hard-earned money. Our ego will also be affected because we feel that all our experience and knowledge is not helping to make money...
almost 2 years ago • 5 min read
The Mindful Trader NewsletterIssue #5 - May 27, 2023 One of the popular & misunderstood strategies in Options Trading is Zero Hero Strategy.There are countless videos on youtube on this, but does this strategy work? Let’s decode it.Many traders, especially those with less capital, get attracted to this strategy because it can give 5x or 10x returns if it works and can be deployed with capital less than Rs.1000. What is this strategy all about? You can buy an Index Option on expiry day,...
almost 2 years ago • 5 min read
The Mindful Trader Newsletter !Issue #3 - May 13, 2023 This newsletter is a bit long but, do yourself a favour of spending 10 to 15 min of quality time to read and absorb it fully. Trading is no joke; being a trader is not as simple as it looks. If you are trying it part-time or as a casual thing, then it’s not that stressful. But it’s quite challenging if you are on a journey to become an independent and successful profitable trader. It can take months to years to figure out and understand...
almost 2 years ago • 8 min read
The Mindful Trader Newsletter !Issue #2 - May 6, 2023 Before you continue reading the newsletter, there is one good piece of news. You can download an Excel Trade Journal Reference file at the end of this newsletter, making it easier to document your trades. Now there are 3 types of traders: Who doesn’t learn from their trading mistakes. Who learn from their trading mistakes & improve their performance based on that mistakes. Who learn from their trading mistakes but forget those learning...
almost 2 years ago • 5 min read