jai hind
I am sure after reading this blog you will able to take decesion how you can earn money in market . so read with full focusThis blog will change your trading life.
Everyone want to manke money in stock market. But its very sad very few able to make money. As per survey 90% traders loose money in market.
do you know why they are so many reasons few important poinnts i am highlighting here-
1- Lack of Discipline & No control over Emotion:
It is very important to be disciplined as a trader, the proper discipline will help you minimize the losses and maintain your capital.An intraday trader must stick to a proper plan. A full-fledged intraday plan includes profit targets, factors to consider, methods to put a stop loss, and ways to select the right trading hours. The trading plan provides a comprehensive overview of how trading should be executed. Also, you can keep a record of trades executed during the day with the performance analysis of each stock at the end of the day. Such records help you identify the weak areas in your trading strategy and correct them.
2. Averaging on Losing Position:
When a trader incurs a loss, he/she either tries to average a position or overtrades excessively to recover the loss. This further leads to a greater loss and put them into more trouble. Averaging for a long position when the prices go against the unexpected direction is good for long-term investors but not for Day Traders.
Traders should take the losses from their bad trade and they should not average their long positions as they have to square off on the same day. Thus, averaging on long positions is one of the reasons why intraday traders end up making losses.
3-Trying To Cover The Loss:
When faced with a loss, day traders try to recover or average out their position in a hurry.When you face a loss, it means that the trade was wrong. Traders often overtrade to cover for the loss, which increases the risk level.Losses are part of trading, and when it happens, you need to take time out to analyse what went wrong. The earlier you accept and process the loss, the better you can avoid making more costly mistakes.
4-Ignoring the trading plan and the trading journal:
These are two very important things that most intraday traders tend to ignore. Let us look at the trading plan first. The trading plan captures the broad outlines of how the intraday trades need to be conceived and executed. This includes how to put stop loss, profit targets, what factors to consider, how to select the right trading hours, maximum acceptable loss etc. In fact, the trading plan is the constitution for your trading activity and you need to adhere to it strictly. The trading diary is a record of your trades during the day along with the justification and the EOD analysis of performance. The trading diary is intended to help you identify weak areas and plug the gaps in your trading strategy. If you don’t accord due importance to the trading plan and the trading diary, then your success as an intraday trader could be difficult.
5-Holding the lose trade and cutting the profitable trade early:
This is the basic mistakes which new starter makes in their early stages. This is because of fear of losing money in the stock market. There may be other reasons too, like In their past journey they have made huge amount of loss in a stock market, not having enough confidence on their executed trades because they might have invested that trade on others recommendation or any tips. To become a successful trader you have to follow proper Risk to Reward ratio. Without that you will always end up losing the money in the stock market. Because trading is all about research and probability. The main reason is they are not following proper risk management. They keep on taking the losing trade forward in the dream of making that trade profitable and not putting the proper stoploss. They cut the winning trade early without trailing the stoploss. Instead,
“Run the Winners And Cut The Losers”.
Want to comeout from all these problems we have solution for that-
Now read all points with full focus-
For Live training you can join live classes
Learn advance strategies and secrets of stock market
20 videos 22 hours content
➡️contact me for details-https://telegram.me/CONTACTUDS001
Watch video in systematic view
1- watch video on by one don't try to watch videos in one day
2- there is assignment in every video only 1st video no assignment do assignment of all sessions
3. When watch video make notes
4. Watch 1st video more then 2-3 times daily ,1 times so it will take 2-3 days
5. Follow all points of session.
6. Learning by me then forget other things
7.After watching videos ask your doubts on whatsapp & zoom sessions will help
8. Treat trading like business not gambling
9.And don't trade till completion of course
jai hindi jai bharat love you all
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