Sunday, 20 December 2020

GOOD EVENING FRIENDS.- THIS IS VERY IMPORTANT FOR MARKET.

*🦜Very good learning from market📚*

*👁️Discipline is a BIG word in Market...💰*

*It includes thousands of things..I can not write all..but let me write few which ever I can...*

*1. Always wait for the right opportunity.*

*2. Never ever use Broker Limit or Leverage..*

*3. Always know your risk first..*

*4. Always have a SL and once SL hit.. just exit..Don't get emotional..*

*5. Once position is in profit.. Always trail..No matter how strong the chart is..*

*6. Never go against the trend.If a share is 7-8-9% up.People short thinking that..How more it will go..Trust me, you do not have the power to move stock price even 1 Rs..So, never go against the trend..*

*7. Always have some rules and follow them strictly..*

*8. Always have daily target for profit or loss in terms of % of capital and not absolute amount.. Be is 1% profit or loss of Capital..*

*9. Once daily target is achieved or you get even more profit.. Close the screen..*

*10. Even if you lost 1% of capital.. close the screen..Do not try to recover.. Even if you can.. reason is.. you are breaking rule.. because sometimes you can recover but then you will make it a habit of recovering every time.. and one time will come when your 1% loss will increase to 3-5-7%.. and then revenge trading will lead to more lose..So, follow strict rule.. if loss.. accept and close screen..*

*11. Make a rule to practice and follow one strategy only..*

*12. Make a rule to follow only 1 strategy lifetime.. stop running behind multiple strategies..*

*🦜13. Do not work with any pre-occupied mind.. pre-occupied mind the worst enemy of a trader..🦜*

*14. Do not buy in temptation..*

*15. Make a rule to withdraw your profits regularly..*

*16. Never do revenge trading..*

*17 If you get jackpot sometimes, withdraw money and do not trade for few days.. More money gets into head and creates problem..🦜Over-confidence always kills.*

*18. Money Management is very important.. Do not put all the money in one trade..*

*There are lot of things..*
*I mean countless.....*
*I just mentioned few and the reality is.....*

All these are easier to write but very tough to implement.

0 comments:

Post a Comment