Skip to main content

As a trader, what's something you wish you knew when you took your first trade?

The basic knowledge about stock market. How market works. There is real truth about swing trading.
As a trader you have to put strict stoploss. Stoploss heating again and again mean you have to study more and more and find out where you are comfortable to take trade.
mean find out the price at which you can initiate the trade. There number of ways to take trade. Some choose price action, some choose indicator based, some swing based. Some wave based. Find yours.
Must knew position sizing so that betting goes in structured way. Else the concept of money management will suck.
Knew to control emotion like fear, greed, etc. If not read/ learn if possible how to control emotion.
Intraday is all about timing. So if you are thinking of intraday then look yourself to time the market.
Moreover fundamental analysis is also important if you don't know technical. So combination of both makes superior out of all.
Most important, don't look for overnight success. I will make so and so and so percentage. That doesn't work of Excelsheet extension. It take years to build career into the stock market. So give sufficient amount of time and learn and then thinking of earning.
Happy trading!!!!

Comments

  1. Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.

    Fitch Solutions
    Stock Maret
    S&P BSE Midcap
    S&P BSE SmallCap

    ReplyDelete

Post a Comment

Popular posts from this blog

What business can I start with 10 lakhs rupees?

I would say don't considers other advice. Just see the words and work on what interests you. Otherwise at the end you might loose patience and not the potential what you have started. So start whatever you like or interest you. That will challenge and give you happiness at the end of every day. I can name many. Just stick with what you love or start something and love it.

Why network marketing fail to attract people?

Here is the story I have to share: It was early August month2013. when first time I was invited to an event. Told by the associate that it's youth event where you can interact and talk alot about entrepreneurship & innovation. Lots of big businessman. Bright people, have  reach direct at the top class businessman that you see in the newspaper or TV. I got amazed that really i will get such a chance to interact. I got attraced having no real first hand experience of such things before. I joined them and got there on time. Really they engaged me and gave me some insight. I agreed all the terms and finally somehow convinced my mother and joined with certain amount. There were lot more promises like a politician make. So many things seems that yes i wann be there. But how was the question? That drive to take their path. Which I never liked to sell their stuff. which doesn't attract me do that. Just bcoz you need to get ahead you have to do that. They didn't shown any oth...