Learn to Trade by Nitesh
Learn to Trade by Nitesh

@learntotrade365

10 Tweets 23 reads Apr 22, 2023
Traders open Demat account for FREE but 95% traders struggle to make consistent profits.
Do you want to know the secret to success in the stock market?
(It's all about developing the right mindset and sticking to it )
8 steps to improve your trading faster
Scroll downπŸ‘‡
1] Learn from your mistakes:
Don't beat yourself over losses - Use them as an opportunity to learn and improve your trading strategy.
Example - If you make losses take the time to review and identify where you went wrong. By learning from your mistakes you can avoid repeating.
2] Control your emotions:
Fear , Greed, and Panic can lead to irrational trading decisions. Learn to control your emotions
Example - If a trade is not going as planned take a step back and assess the situation objectively. Don't let fear or panic control your judgment.
3] Shape your mindset :
πŸ‘‰To be discipline - Follow your rules
πŸ‘‰If you want confidence - Reduce your risk
πŸ‘‰ If you want patience- Stay Calm
Shape your mindset shape your trading.
4] Stay disciplined:
Successful traders stick to their trading plan and remain disciplined even in volatile markets.
Example- If your trade going to hit stop-loss stick to your plan which can help you avoid making emotional decisions that can lead to BIG losses.
5] Focus on the process :
Not the outcome. In stock market very essential to focus on your trading process rather than obsessing over individual trades.
Instead of worrying about whether a particular trade will be profitable focus on next 100 trades to make better decisions.
6] Set realistic expectations:
The stock market is not a get-rich-quick scheme and successful traders understand that building wealth takes time.
Example - If you're just starting out don't expect to become a millionaire overnight. Set realistic goals and work towards it
7] Improve 10x your trading :
- Focus 100% on 1/2 setup
- Never do over trading
- Develop trading skills everyday
- Plan your trade and Trade the plan
8] Focus:
You will accomplish nothing if you try to do everything. Fully master one/two setup.
Focus on being better trader than yesterday don't waste time on being better than others.
End of this thread
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