MANY TRADERS DREAM / AIM / GOAL
From LOSSES
to
Consistent PROFIT
8 Highly Effective tricks which has worked for me
REAL LIFE EXPERIENCE
Scroll down and read till last 👇
From LOSSES
to
Consistent PROFIT
8 Highly Effective tricks which has worked for me
REAL LIFE EXPERIENCE
Scroll down and read till last 👇
1] Focus on less & Master it
Most try to learn many topics like,
Indicators based
Chart Patterns
Candlesticks pattern
Price Action
Automated signals etc.....
Still consistent PROFITS is missing but LOSS is continuous --- Now mind says - What's wrong here ?
Most try to learn many topics like,
Indicators based
Chart Patterns
Candlesticks pattern
Price Action
Automated signals etc.....
Still consistent PROFITS is missing but LOSS is continuous --- Now mind says - What's wrong here ?
Same happened to me
I have realized in a hard way that i was not even FOCUSED on one style of trading more distracted on
-Many concepts
-Various strategies
I am going in a wrong way. My aim is to make profits not to learn all concepts 🤔🤔
Less is more and Master it
I have realized in a hard way that i was not even FOCUSED on one style of trading more distracted on
-Many concepts
-Various strategies
I am going in a wrong way. My aim is to make profits not to learn all concepts 🤔🤔
Less is more and Master it
2] More Confused
Whether to do Intraday or Positional or Swing or etc....
It takes time to understand yourself - Ask yourself which style of trading makes your mind more CALM during LOSSES ( Because everyone is happy during profits)
Whether to do Intraday or Positional or Swing or etc....
It takes time to understand yourself - Ask yourself which style of trading makes your mind more CALM during LOSSES ( Because everyone is happy during profits)
I have realized my mind stays more CALM by INTRADAY TRADING
So i have allotted most of my capital for intraday trading. (Whats' yours? )
Thinking can't be stopped next question
Whether to do Option Buying or Option Selling or Future trading or cash trading etc.....
🤔🤔🤔🤔🤔
So i have allotted most of my capital for intraday trading. (Whats' yours? )
Thinking can't be stopped next question
Whether to do Option Buying or Option Selling or Future trading or cash trading etc.....
🤔🤔🤔🤔🤔
Again it takes time - Do the same drill
For me diversification has worked.
Ask yourself 👇
Option Buying or Option selling or Future trading ?
How to identify which works for your trading ?
Try trading with small quantity and read your mind which make your mind CALM
For me diversification has worked.
Ask yourself 👇
Option Buying or Option selling or Future trading ?
How to identify which works for your trading ?
Try trading with small quantity and read your mind which make your mind CALM
3] Expectations (Very important)
Expectation to make BIG Profits in few weeks or few months or in few trades.
Trading is a long run - To make BIG PROFITS you have to think & have BIG vision
Many easily loss more than 50% of capital in just few months in search of BIG profits
Expectation to make BIG Profits in few weeks or few months or in few trades.
Trading is a long run - To make BIG PROFITS you have to think & have BIG vision
Many easily loss more than 50% of capital in just few months in search of BIG profits
I have made my goal to climb one step at a time
Means, My first goal was to make consistent money for the next 6 months ( Forget about return per month )
When a trader is frustated by LOSSES he/she main focus is to recover the loss quickly ( Slow is new Fast in trading)
Means, My first goal was to make consistent money for the next 6 months ( Forget about return per month )
When a trader is frustated by LOSSES he/she main focus is to recover the loss quickly ( Slow is new Fast in trading)
Start thinking OUT OF THE BOX by going slow
Anyone can easily lose money in trading very fast.But to recover back from the losses to profits is by default takes time a very slow process.
Make a small goal to be consistent profits for next 6 months till then no other thoughts.
Anyone can easily lose money in trading very fast.But to recover back from the losses to profits is by default takes time a very slow process.
Make a small goal to be consistent profits for next 6 months till then no other thoughts.
Then climb the next step
Try to identify the mistakes made during last six months even profits came but definitely mistakes will be there it's human nature - In trading no one can be 100% correct.
Go step by step - Now be consistently profitable for 1 year and so on
Try to identify the mistakes made during last six months even profits came but definitely mistakes will be there it's human nature - In trading no one can be 100% correct.
Go step by step - Now be consistently profitable for 1 year and so on
4] Over-thinking
How to make profits ?
This backtesting gave good return - That backtesting gave very high return.
Can i really make money from trading ?
Why only my stoploss gets hit? etc...
All these are useless because overthinking is a spoiler
How to make profits ?
This backtesting gave good return - That backtesting gave very high return.
Can i really make money from trading ?
Why only my stoploss gets hit? etc...
All these are useless because overthinking is a spoiler
5] Don't waste time to check what others are doing ?
No one can help you until you believe yourself.
In trading it always YOU vs YOU
You can become your own competitor with clear understanding what need to be done or your own enemy by bad risk management & loser mindset
No one can help you until you believe yourself.
In trading it always YOU vs YOU
You can become your own competitor with clear understanding what need to be done or your own enemy by bad risk management & loser mindset
6] Focus on things which can be controlled.
A trader can only control How much risk to take per trade or per day.
Main reason for loss in trading is most traders are not interested to check the loss side before taking trades.
Control the loss - Profits will come automatically
A trader can only control How much risk to take per trade or per day.
Main reason for loss in trading is most traders are not interested to check the loss side before taking trades.
Control the loss - Profits will come automatically
7] Do you want to be RICH or Do you want to make your broker RICH ?
I will write more about option buyers.
Many traders want to take multiple trades a day.
Remember even taking 1 or 2 trades a day by following your system / high probability trade setup - Can give good profits
I will write more about option buyers.
Many traders want to take multiple trades a day.
Remember even taking 1 or 2 trades a day by following your system / high probability trade setup - Can give good profits
Many in search of capturing all the moves in stocks & index start taking multiple random trades without a trade plan.
Later by EOD MTM end up in loss or breakeven or small profits - Once in a while good profits comes
Here comes real enemy - REVENGE TRADING
Later by EOD MTM end up in loss or breakeven or small profits - Once in a while good profits comes
Here comes real enemy - REVENGE TRADING
What makes a trader to take revenge trading ?
Human nature is always wanting to be right/correct in the decisions which he/she has made.
If the outcome of a trade is LOSS - Small loss no problem but more than 5 or 10% of capital gone 👇
Human nature is always wanting to be right/correct in the decisions which he/she has made.
If the outcome of a trade is LOSS - Small loss no problem but more than 5 or 10% of capital gone 👇
The willingness of human nature to be right turns into EGO after looking at the BIG LOSS.
Now obviously emotions will start to take control of your upcoming trade decisions
FRUSTATION
EGO
FEAR of LOSS
GREED
Urgent to recover the loss
Now obviously emotions will start to take control of your upcoming trade decisions
FRUSTATION
EGO
FEAR of LOSS
GREED
Urgent to recover the loss
8] Not accepting the loss.
Many traders doesn't have a basic rule if "x" % of capital is lost need to close the terminal and come back fresh tomorrow.
To recover the loss maximum chance is BIG LOSS by EOD
-10k loss to -2k loss to +10k profit to -20k loss
Many traders doesn't have a basic rule if "x" % of capital is lost need to close the terminal and come back fresh tomorrow.
To recover the loss maximum chance is BIG LOSS by EOD
-10k loss to -2k loss to +10k profit to -20k loss
Nothing will change until WE change the way we think.
Join the Telegram Channel - telegram.me
End of the thread
If you find the thread useful kindly RETWEET & LIKE the first tweet.
Do refer the below MEGA thread 👇
Join the Telegram Channel - telegram.me
End of the thread
If you find the thread useful kindly RETWEET & LIKE the first tweet.
Do refer the below MEGA thread 👇
Loading suggestions...