Sunday, 21 June 2020

Golden rules for Successful Trading


1. Divide your capital into 10 equal risk parts.
2. Never over trade.
3. Never place order for BUY/SELL without stop loss conditions.
4. Never let profit turn into loss.
5. Trade with the trend.
6. Never take lead you may lose heavily.
7. Never try to be over smart. Booking profit is more important rather
than looking profit
8. Don't trade if trend not clear
9. Don't follow tips only.
10. Use the right orders only.
11. Withdraw portion of profits.
12. Don't be whimsical about closing your trades.
13. Never buy a stock to get dividend.
14. Never average your losses.
15. Take big profits and small losses.
16. Sell short as often as you go long. 
17. Never buy any stock just it is low priced.
18. Pyramid your trades correctly.
19. Decrease your trading after a series of successful trades.
20. Don't change your opinions during market hours.
21. Don't follow the crowd - they are usually wrong.
22. Buy on rumor and sell on news.
23. Take windfall gains when you get.
24. Keep your charts up to date.
25. Preserve your capital.
26. Nothing ever new occurs in market.
27. Markets are never wrong opinion may be.
28. Never permit speculative ventures to turn into investments.
29. Never try to predetermine your profits.
30. Never buy a stock just because it is low priced or don't sell just
because it is high priced.
31. Look for reasonable profits.
32. Buy as soon as a stock makes new highs after a normal reaction.
33. Ban wishful thinking in the market.
34. Leaders of today may not be leaders of tomorrow.
35. Don't be too cautious about reasons behind the moves. 
36. Trade only the active stocks.
37. Bear markets have no support and bull markets have no resistance.
38. The smarter you are the longer it takes.
39. It is very hard to get out of a trade than to get in.
41. When time is up, markets must reverse.
42. Control what you can; manage what you cannot.
43. Big movements take time to develop.
44. A good trade is profitable right from the start.
45. If you cannot make money trading the leading issues you cannot
make it trading the overall market.
46. Avoid partnership in trading accounts.
47. The human side of every person is the greatest enemy of successful
trading.
48. Money cannot be made every day in the market.
49. As long as market is acting right don't rush to take profits.
50. Never buy a stock just because it has fallen from a great high, nor
sell a stock because it is high priced.

Sunday, 14 June 2020

Rules That Will Make You Successful Trader for sure...

Rule 1 : Always Use a Trading Plan... Because Failed To Plan = Plan To Fail πŸ‘

Rule 2 : Treat Trading Like a Business πŸͺ, Profit and Loss is Part Of it

Rule 3 : Use Technology to Your Advantage...Keep Learning And Keep Earning

Rule 4 : Protect Your Trading Capital, Before You Think for moon πŸŒ•

Rule 5 : Become a Student of the Markets... Market Doesn't Move According to What you Think...You Have To Go Where Market Takes You.πŸ“ˆπŸ“‰

Rule 6 : Risk Only What You Can Afford to Lose. ⚠️

Rule 7 : Develop a Methodology Based on Facts. Market Doesn't Cares About Mine and Yours Hopium.

Rule 8 : Always Use a Stop Loss, -5% Is Always Better Then -50% 🚫

Rule 9 : Know When to Stop Trading... Don't Trade When Your Mind isn't in Your Control and Stop Trading When you Loose Specific Amount in a Day...There Will always Be Great Opportunities On Other day...

Rule 10 : Must Follow Rule 1-9 ‼️

Must know rules of trading

Guys let's make this Sunday the best ever,  along side chanting the name of your family diety and shree krushna, let's have some learning without risking our hard earned money and learning from the mistakes of others, I m posting here my top  mistakes for you to learn and thus improve your trading, please everyone post your mistakes please

1. Jumping from one strategy to other not sticking to one
2. Taking too much risk per trade, not waiting for low risk entry points
3. Trading with greed, Paisa Paisa PaisaπŸ˜‚πŸ™ˆ
4. Want everything so fast, instant gratification
5. My biggest weakness NOT cutting loss and giving stupid reasons to self for letting it run

6. Only looking at profits being blind to risk of loss possible
7. Not giving time to learning to interpret charts and price action, not considering fundamentals, trading only on technical analysis
8. Taking random trades outside  a proven setup
9. Seeing mtm of others and want it same without seeing their struggles
10. believe trading is easyπŸ™ˆ and money vending machineπŸ˜πŸ˜‚