A thread on Position Sizing #Trading is the only profession where you can see Doctors, Engineers, and many other successful professionals try their luck with stock market, these people excel in their own respective field but struggle a lot when it comes to trading.1/n

Unfortunately, everybody believes that a successful trader always has a secret Technical Skill. But the truth is Technical skill is the least important factor to be a superstar trader.

Then what separates a great trader from the group of average traders? Its their emotion.

This is how most traders think: They first think about the Entry point, at which price should I buy? At which level should I enter? At which point should I get into a trade?

But this is how you must think to be a profitable trader. You have to adapt to trading strategy that suits your psychology, assign trade management rules, keep position sizing and money management rules.

One of the main reason people lose money in stock market is because of their position size. Example: Vicky starts trading with a capital of Rs. 1,00,000 and he finds a trading opportunity and buys Spice Jet share for Rs. 100. At the max, he can buy 1000 shares of Spice Jet stock.