Markets are always difficult and makes life uneasy for those who feel they know everything about it.
So small things needs to be always taken care While trading.
-->Market are always unpredictable. So while trading in any security, whether it be buying or selling we should always give a stop loss to our trade. Sometimes the technical indicators give us a wrong signal. In stock market there are both ups and downs. We should manage our risk. If we examine our losses, we may find a solution to avoid losses in the future. We should also examine our gains, we may find a method to increase our gains.
--> We should never be emotionally attached to our trade.
When we are trading stock market losses will happen, we cannot control those losses. When we gain then we are so happy that we tell everyone about our strategies but when we make loss we keep quiet about it and we will bad from inside. We should control that emotion and establish some strategies to overcome that loss. We should never trade without a stop loss. If we cannot digest those losses we should not trade at all.
-->Trading should be made as full fledged plan, before we enter into any trade we should make a full research and plan the trade accordingly. We should check the support and resistance level. We should calculate support resistance level, study the security fundamentaly and technically.
-->Trading is not a game of gamble. This is the biggest mistake many traders make while trading in the stock market. It is a business with probability of income and losses. Traders trades to build up the capital for long term investment.
-->There are many advisors who give various forecast on which stock to buy and which to sell. Before putting their advice intro trade, we should study the reason on what grounds he is making the forecast. Rather than blindly accepting their advice and taking a trade we should study the technical indicators and confirm the expert’s advice. Everyone interprets the same indicator in a different way.
--> Keeping all your golden eggs in one basket can be equally dangerous, similar to investing in single sector. Plan of investing should always be diversified, so that if one portfolio doesn't grow others surely will grow.
--> Investments should be done on stocks or Company which has potential to grow long or performing history. Never invest in penny stocks, this may kill your capital in long term.
--> It takes time and dedication to become expert in trading. But becoming expert in trading is not impossible. We can make extraordinary profits from the stock market and also beat the index average return. We just require discipline and dedication to beat the professionals of the stock market.
--> Always understand this, We are not trading in the stock market for amusement; we are trading to make some money. The main purpose of trading is to make money. Trading in stock market is not a game.
So small things needs to be always taken care While trading.
-->Market are always unpredictable. So while trading in any security, whether it be buying or selling we should always give a stop loss to our trade. Sometimes the technical indicators give us a wrong signal. In stock market there are both ups and downs. We should manage our risk. If we examine our losses, we may find a solution to avoid losses in the future. We should also examine our gains, we may find a method to increase our gains.
Trade with Safety and equal amount of risk, learn to book profits and cut loss.
--> We should never be emotionally attached to our trade.
-->Don't trade if you are afraid of losses
-->Trading is not a game of gamble. This is the biggest mistake many traders make while trading in the stock market. It is a business with probability of income and losses. Traders trades to build up the capital for long term investment.
-->There are many advisors who give various forecast on which stock to buy and which to sell. Before putting their advice intro trade, we should study the reason on what grounds he is making the forecast. Rather than blindly accepting their advice and taking a trade we should study the technical indicators and confirm the expert’s advice. Everyone interprets the same indicator in a different way.
--> Keeping all your golden eggs in one basket can be equally dangerous, similar to investing in single sector. Plan of investing should always be diversified, so that if one portfolio doesn't grow others surely will grow.
--> Investments should be done on stocks or Company which has potential to grow long or performing history. Never invest in penny stocks, this may kill your capital in long term.
--> It takes time and dedication to become expert in trading. But becoming expert in trading is not impossible. We can make extraordinary profits from the stock market and also beat the index average return. We just require discipline and dedication to beat the professionals of the stock market.
--> Always understand this, We are not trading in the stock market for amusement; we are trading to make some money. The main purpose of trading is to make money. Trading in stock market is not a game.
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