The stock market is unpredictable, but with the right strategy, you can still come out on top.
12 Techniques to trade like a pro from my 8 years of trading experience which can Maximize your profits and minimize your risk
Thread ๐งต
12 Techniques to trade like a pro from my 8 years of trading experience which can Maximize your profits and minimize your risk
Thread ๐งต
1] If you are a beginner or experienced trader but in loss , forget everything and Ask yourself
- Which strategy makes my mind calm during a trade directional , mean reversion or non-directional ?
- Whether i am focusing on profits or risk management
Pro trader focus on ๐
- Which strategy makes my mind calm during a trade directional , mean reversion or non-directional ?
- Whether i am focusing on profits or risk management
Pro trader focus on ๐
Risk management & Beginners/ loss making trades focus on profit.
Profit will come once we master the style of trading which suits & staying calm during loss making days.
Loss making days shows the real side of us - Are we frustrated , calm , can we take big risk or not
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Profit will come once we master the style of trading which suits & staying calm during loss making days.
Loss making days shows the real side of us - Are we frustrated , calm , can we take big risk or not
๐๐
2] Trading is not as shown in social media - Trading can be made simple but not the easy way to make money. Tell yourself
- I will focus on limited strategies
- I will give priority to risk management
- I will enter only if my trade plan favour
- I will never lose big
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- I will focus on limited strategies
- I will give priority to risk management
- I will enter only if my trade plan favour
- I will never lose big
๐๐
3] Start small
My father always say " Don't take big step in business during initial phase until you don't realize the other side of the business "
In trading the other side is Drawdown because we are happy during profits but during loss most GIVE UP or Over Trade
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My father always say " Don't take big step in business during initial phase until you don't realize the other side of the business "
In trading the other side is Drawdown because we are happy during profits but during loss most GIVE UP or Over Trade
๐๐
4] Never Give Up
If you have a goal to make 2 lakh in a year - First consistently make 1% of it ( 2000 )
Then push yourself to 4000 then 8000 - Try to re-check your Ledger whether
Are you Consistent ?
Consistent small profits is more better than big profits & loss swing
๐
If you have a goal to make 2 lakh in a year - First consistently make 1% of it ( 2000 )
Then push yourself to 4000 then 8000 - Try to re-check your Ledger whether
Are you Consistent ?
Consistent small profits is more better than big profits & loss swing
๐
5] How much is your risk ?
Don't risk more than 2 to 3% capital per day
All strategy will have losing streak - So even if next 6 to 8 days of continuous loss we should have Capital to trade with confidence and come back stronger.
Capital gone means GAME OVER in trading
๐
Don't risk more than 2 to 3% capital per day
All strategy will have losing streak - So even if next 6 to 8 days of continuous loss we should have Capital to trade with confidence and come back stronger.
Capital gone means GAME OVER in trading
๐
6] Trading will outperform your other business/job in next 5 years from today
- Compound money beyond your imagination
- Work from anywhere with independence ( No deadline , No boss )
- Be your own Boss
Yes it is possible - Put efforts daily into improving yourself
๐
- Compound money beyond your imagination
- Work from anywhere with independence ( No deadline , No boss )
- Be your own Boss
Yes it is possible - Put efforts daily into improving yourself
๐
7] Trading is a business of probability
Accepting you are wrong in your analysis and coming out of the trade as soon as possible has helped me a lot to avoid BIG LOSS
No one will judge you in trading until you never judge yourself or GIVE UP
๐๐
Accepting you are wrong in your analysis and coming out of the trade as soon as possible has helped me a lot to avoid BIG LOSS
No one will judge you in trading until you never judge yourself or GIVE UP
๐๐
8] Follow the Price rest is Noise
Looking what others are doing will trouble your emotional balance and force yourself to take wrong steps.
You will get benefit only if u work smart in trading
Don't be Jealous better be smart - Don't get attracted by social media trading
๐๐
Looking what others are doing will trouble your emotional balance and force yourself to take wrong steps.
You will get benefit only if u work smart in trading
Don't be Jealous better be smart - Don't get attracted by social media trading
๐๐
9] Priority
We spend 4 to 5 years easily in degree/college without thinking about the outcome after 5 years.
But in trading we spend most of the time in thinking about the outcome ( Profit & loss ) & give up after few losses
Better focus on what is possible now
We spend 4 to 5 years easily in degree/college without thinking about the outcome after 5 years.
But in trading we spend most of the time in thinking about the outcome ( Profit & loss ) & give up after few losses
Better focus on what is possible now
10] Lesson to learn
-Disciplined without consistency is a spoiler
-Consistent without risk management is a spoiler
-Discipline & consistent but frustrated mindset is a spoiler.
Combo of Discipline , Consistent & Calm mind can give Unimaginable profits in trading
๐๐
-Disciplined without consistency is a spoiler
-Consistent without risk management is a spoiler
-Discipline & consistent but frustrated mindset is a spoiler.
Combo of Discipline , Consistent & Calm mind can give Unimaginable profits in trading
๐๐
11] No one knows everything in trading
After knowing few strategies if anyone think i know everything in trading it is the starting point of disaster in trading.
Better to master few style in trading
To make money we need few trading skill and no need to learn all
After knowing few strategies if anyone think i know everything in trading it is the starting point of disaster in trading.
Better to master few style in trading
To make money we need few trading skill and no need to learn all
12] Profit can boast your EGO
Always make a choice
1] Can you stay calm during Profits & loss
2] Will you be more excited after profit & more sad/frustrated after loss
Choose either 1 or 2 - This will decide your trading ( Comment your choice )
Always make a choice
1] Can you stay calm during Profits & loss
2] Will you be more excited after profit & more sad/frustrated after loss
Choose either 1 or 2 - This will decide your trading ( Comment your choice )
End of the thread
I have shared important points which helped me in trading - If you find it useful Like & Retweet the first tweet.
Follow on twitter @learntotrade365 for more and more
Join the Telegram channel- telegram.me
Check this out
I have shared important points which helped me in trading - If you find it useful Like & Retweet the first tweet.
Follow on twitter @learntotrade365 for more and more
Join the Telegram channel- telegram.me
Check this out
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