The first step to successful trading is to be clear about everything you do.
BUT, the reality is that most traders don't even know what they are doing.
And because of this-
Three things which will make a difference in Your trading Results.
A thread-
The first step to successful trading is to be clear about everything you do.
BUT, the reality is that most traders don't even know what they are doing.
And because of this-
They don't have any Trading plan
They don't know what is suitable for them
And the list goes, on and on.
If you are among the people as described above, don't worry, There is nothing wrong with you, almost 90% of Traders are like that.
Find one style that is suitable to your personality and double down on it.
Why?
They Find something new every now and then, jumping from one strategy to another, searching for Holy grail.
So, FIND ONE THING, AND WORK ON THAT TILL IT STARTS WORKING FOR YOU.
And Trust me, in your way, there will be times where other trading systems will look Fascinating to you, but my friend those who do not fall in that trap
When you know you have only one style, you will become a master of that style with time.
And this has worked for me till now, when i did the above i found all my answers.
I found all rules, Experiences, Just because I selected to do only 1 thing at a time and master it.
One thought can lead to another thought and the new one can lead to another one.
We love to know what the big traders have to say about something.
“This is Number 1 Reason most traders are unsuccessful in trading”
Why?
Let's look at an example-
A trader named Rahul is an intraday trader and has a good plan to follow.
He gets a setup in Nifty to buy above 15000 with sl at 14950.
He saw that a big trader has just posted that “ NIFTY IS GOING TO FALL LIKE A HOUSE OF CARDS ”
Rahul is in panic mode, his heart beat just got faster cause that big trader predictions never go wrong
He exited nifty at market order at cost, phew i just saved my ass not going against the BIG BEAR - Rahul says.
Nifty closes about 500p up that day.
This can further lead to more negative events, next day, but I think you may have got the point.
You should be the pilot of your Plane either it reaches the destination or crashes down.
Even if you don't succeed At Least you would be happy that you took the chance.
As a beginner you will make a lot of mistakes, A lot of screw-ups but as my friend @KillerTrader_ used to say, don't screw up-to an extent that you can't unscrew.
How to not Screw too much as a beginner -
Do all kinds of things you want to, but keep the bet small.
Fear----which leads to ----- You don't have courage to put the next trade.
More from Trader knight
More from Trading
Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h
— antifa.drone (@antifa_drone) December 31, 2020
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho
— Mark Malone (@soundmigration) January 1, 2021
This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
You May Also Like
There are many strategies in market 📉and it's possible to get monthly 4% return consistently if you master 💪in one strategy .
One of those strategies which I like is Iron Fly✈️
Few important points on Iron fly stategy
This is fixed loss🔴 defined stategy ,so you are aware of your losses . You know your risk ⚠️and breakeven points to exit the positions.
Risk is defined , so at psychological🧠 level you are at peace🙋♀️
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.
One of those strategies which I like is Iron Fly✈️
Few important points on Iron fly stategy
This is fixed loss🔴 defined stategy ,so you are aware of your losses . You know your risk ⚠️and breakeven points to exit the positions.
Risk is defined , so at psychological🧠 level you are at peace🙋♀️
How to implement
1. Should be done on Tuesday or Wednesday for next week expiry after 1-2 pm
2. Take view of the market ,looking at daily chart
3. Then do weekly iron fly.
4. No need to hold this till expiry day .
5.Exit it one day before expiry or when you see more than 2% within the week.
5. High vix is preferred for iron fly
6. Can be executed with less capital of 3-5 lakhs .
https://t.co/MYDgWkjYo8 have R:2R so over all it should be good.
8. If you are able to get 6% return monthly ,it means close to 100% return on your capital per annum.
