I am just one year old in this market. Have mix of experience. But learned hard lessons.
I wanted to be full time trader. So started with just 1000 rupees. Lost all within weeks. Next thousand lost within few weeks. Next and next up to 5-6 times. Just I keep putting 1000 rupees and loss almost continued for six months.
Next three months losses streak changed into losing slowly and slowly. And next three months to breakeven and gaining profit. Time was spent with sleepless night and deep thought. Should I continue or end? But the conscious mind keep me forward to learn and grow.
Most mistakes that derail most of us from this business is big losses. Which happen due to not putting stoploss or thinking that it will turn your side and get to your level. So, you don't exit. Losses pile up more and more. Finally account wiped out. You feel this is not cup of my tea.
What we have to grasp is that stock market is a place of risk like any other option. But We think that once we enter a trade. we will have just profit, no loss. This is what seen in our view. Which is a big mistake.
It's a game of probability. Even winning 6/10 can build great profit. Nevertheless work on seeing the possibility of wrong as well as being right. And how much you can bear loss. In the event of making losses. Once trend formed miracle don't happen. It's better to book loss. Especially before big one. Save your capital. Stay away from big loss.
All can be learnt with experience. When to book profit/ loss.
Happy trading!!!
I wanted to be full time trader. So started with just 1000 rupees. Lost all within weeks. Next thousand lost within few weeks. Next and next up to 5-6 times. Just I keep putting 1000 rupees and loss almost continued for six months.
Next three months losses streak changed into losing slowly and slowly. And next three months to breakeven and gaining profit. Time was spent with sleepless night and deep thought. Should I continue or end? But the conscious mind keep me forward to learn and grow.
Most mistakes that derail most of us from this business is big losses. Which happen due to not putting stoploss or thinking that it will turn your side and get to your level. So, you don't exit. Losses pile up more and more. Finally account wiped out. You feel this is not cup of my tea.
What we have to grasp is that stock market is a place of risk like any other option. But We think that once we enter a trade. we will have just profit, no loss. This is what seen in our view. Which is a big mistake.
It's a game of probability. Even winning 6/10 can build great profit. Nevertheless work on seeing the possibility of wrong as well as being right. And how much you can bear loss. In the event of making losses. Once trend formed miracle don't happen. It's better to book loss. Especially before big one. Save your capital. Stay away from big loss.
All can be learnt with experience. When to book profit/ loss.
Happy trading!!!
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
ReplyDeleteInfosys
IDFC First Bank
Container Corporation