Tuesday, January 17, 2012

Understanding Relative Strength -Sean Seshadri

Novice traders usually will buy at retail, but professionals know how to shave the spread as this can make the difference between winning and losing especially when one is trying to scalp on a trade. Paying up for a trade also will be done if one initiates a trade on a market order. Normally a trader would like to enter a trade on a limit order which states that you only want to pay this price or better. With this type of order a trader will know that they will at least not be paying extra when getting into a position.

Sean Seshadri

Tuesday, January 3, 2012

27th December 2011 - candlestick analysis by Sean Seshadri



27th December 2011 - candlestick analysis by Sean Seshadri

Sean Seshadri

Sean Seshadri a great Trading and Investment Guru - PUAYO



Sean Seshadri a great Trading and Investment Guru - PUAYO

Sean Seshadri

Defining Setup criteria by Sean Seshadri

Defining Setup criteria by Sean Seshadri

Every trader should have a set of defined rules that work consistently in all kinds of markets such as bullish, bearish, sideways, and highly volatile markets. They should have a defined loss amount that they are willing to take if a trade goes against them so that one trading loss should never affect their own account to an amount that prevents from trading soon. Trading is no different then any other kind of investment like business, real estate, or a franchise. It should be treated the same with the rigid discipline that which a successful business operates. We should have an exit for profit, and a stop loss where we are willing to be humble and say to ourselves we are wrong and take the loss thereby admitting we were wrong in our prediction. Small losses become huge losses when traders lose that control. Your real expenses as a trader are your internet, computers, monitors, and losses that will happen. Make sure when you analyze your last 100 trades that the losses you are taking are less than your wins. You can go further and see the ratios between the two, and find out what percentage of trades are you correct on.
This will give you a good insight into how good or bad you are. Remember you should never trade real money if you can't show consistency on a virtual account.

Sean Seshadri