December series will mark the 30th consecutive profitable series for me.
I have closed the past 30 months in profit which has been updated on twitter every month if you scroll back.
How did I do it?
Find out below
I have closed the past 30 months in profit which has been updated on twitter every month if you scroll back.
How did I do it?
Find out below
1. Not losing big :
Not making big losses has enabled to maintain my consistency.
A loss of under 5% is okay and is recoverable however a loss beyond that can increase the time taken to recover it.
Preventing a big drawdown is the first step in achieving consistency.
Not making big losses has enabled to maintain my consistency.
A loss of under 5% is okay and is recoverable however a loss beyond that can increase the time taken to recover it.
Preventing a big drawdown is the first step in achieving consistency.
2. Keep in eye for events:
Most of the big gaps occur after event such is fed, inflation data, elections etc.
It's important to play light before such events which helps in controlling the loss.
Most of the big gaps occur after event such is fed, inflation data, elections etc.
It's important to play light before such events which helps in controlling the loss.
3: Staying with trend.
Playing non directional alone is not enough. Staying with the trend ensures you are on the right side and makes your journey much smoother.
However identifying the trend properly is another task.
Playing non directional alone is not enough. Staying with the trend ensures you are on the right side and makes your journey much smoother.
However identifying the trend properly is another task.
4: Booking profits is a skill.
Most focus too much on entries, but exits are equally important.
Booking profits at the right time is an art.
Most focus too much on entries, but exits are equally important.
Booking profits at the right time is an art.
5:Strict stoploss
In intraday, I have a strict SL limit of 2% of my capital. I will stop trading after that particular point.
It's very important to know when to stop.
In intraday, I have a strict SL limit of 2% of my capital. I will stop trading after that particular point.
It's very important to know when to stop.
6: Avoid impulsive trades
There is nothing more damaging to your account than impulsive trades. It's extremely important not to take random trades and only follow your process.
There is nothing more damaging to your account than impulsive trades. It's extremely important not to take random trades and only follow your process.
7: Being focused too much on others
I've never ever compared myself with anyone else on twitter.
Everyone is unique in their own way. Don't compare your level 2 with someone else's level 10.
I've never ever compared myself with anyone else on twitter.
Everyone is unique in their own way. Don't compare your level 2 with someone else's level 10.
8: Following my process:
Following your process is actually quite boring thing to do day in and day out. But, over a longer term you will realise how far you have come.
Following your process is actually quite boring thing to do day in and day out. But, over a longer term you will realise how far you have come.
9: Constantly learning and improving:
I still try to learn as much as possible from my and other's experiences. This sharpens my skill and enables me to stay at the top of my game.
Learning is a lifelong process.
I still try to learn as much as possible from my and other's experiences. This sharpens my skill and enables me to stay at the top of my game.
Learning is a lifelong process.
10: Finding a mentor.
I have had a few mentors who made a tremendous difference to my trading and shortened my learning curve to a vast extent.
Having a mentor fast tracks your success.
I have had a few mentors who made a tremendous difference to my trading and shortened my learning curve to a vast extent.
Having a mentor fast tracks your success.
You can also get mentored by us.
Inner Circle is announcing a once in a lifetime discount of 30% on the occasion of Christmas and New year.
Use code : NY30 to get 30% discount.
rigipay.com
Don't miss it.
Inner Circle is announcing a once in a lifetime discount of 30% on the occasion of Christmas and New year.
Use code : NY30 to get 30% discount.
rigipay.com
Don't miss it.
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