Last day of 2022 -Before welcoming 2023
Here are the 7 key takeaways for trading which will definitely help you in becoming profitable trader.
Thread ๐งต
Here are the 7 key takeaways for trading which will definitely help you in becoming profitable trader.
Thread ๐งต
1. Believe yourself
Emotions will always disturb your mindset specially during losing streak or drawdown phase.
Our mind accepts what we say / think so never allow FEAR to dominate your mind and BELIEVE YOURSELF
Dar ka aage jeet haa
Emotions will always disturb your mindset specially during losing streak or drawdown phase.
Our mind accepts what we say / think so never allow FEAR to dominate your mind and BELIEVE YOURSELF
Dar ka aage jeet haa
2. Give priority to risk management
Make your risk management so strong that even 20 continuous losses or losing day should not create more than 15% to 20% damage to your trading capital.
Confidence mind can only help to recover the losses and bounce back to New Equity high
Make your risk management so strong that even 20 continuous losses or losing day should not create more than 15% to 20% damage to your trading capital.
Confidence mind can only help to recover the losses and bounce back to New Equity high
3. Be consistent
Always have a Trade Plan before entering every trade.
Trade plan can help to stay focused on any particular level or zone - Also will avoid to take random trades by big candles
First be profitable for next 3 month no matter it is small or big
Always have a Trade Plan before entering every trade.
Trade plan can help to stay focused on any particular level or zone - Also will avoid to take random trades by big candles
First be profitable for next 3 month no matter it is small or big
4. Develop a habit of making profits.
Most traders want to make big profits from market end up making big loss - Why ?
Trading is a business will grow stage by stage - Profit from Trading will come slowly and steadily
Trading is not like 1L to 1Cr in few months
Most traders want to make big profits from market end up making big loss - Why ?
Trading is a business will grow stage by stage - Profit from Trading will come slowly and steadily
Trading is not like 1L to 1Cr in few months
12 months in a year
So if average profit per month is 4 to 7% - After 12 month the net result is 48 to 84% without compounding
First make it and then Compound
(Just check your 12 month P&L what's your Net return ? )
So if average profit per month is 4 to 7% - After 12 month the net result is 48 to 84% without compounding
First make it and then Compound
(Just check your 12 month P&L what's your Net return ? )
5. Accept the Reality
Without loss Profits can't be made from trading
Better trade in such a way Outcome of profit making trades is more than loss making trades.
Above lines is underrated Mantra for profitable trading
Without loss Profits can't be made from trading
Better trade in such a way Outcome of profit making trades is more than loss making trades.
Above lines is underrated Mantra for profitable trading
6. All styles of Trading can give Profit
Option buyers make money
Option sellers make money
Future traders make mony
Cash traders make money
Choose one style which makes your mind calm while you are in the trade.
Master one and just continue
Option buyers make money
Option sellers make money
Future traders make mony
Cash traders make money
Choose one style which makes your mind calm while you are in the trade.
Master one and just continue
7. Social media show off will definitely not improve your trading but 99% guarantee it will disturb your emotions.
So rather than focusing on others
Better focus on your trading
Once said - Mind your own _____ business
So rather than focusing on others
Better focus on your trading
Once said - Mind your own _____ business
End of this thread
I believe you can relate your trading from the above points.
If YES hit a Like & Retweet so it can reach and benefit all traders.
Join the Telegram channel for more updates related to Trading and free webinars - telegram.me
I believe you can relate your trading from the above points.
If YES hit a Like & Retweet so it can reach and benefit all traders.
Join the Telegram channel for more updates related to Trading and free webinars - telegram.me
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