Tuesday, June 6, 2023

People who are serious about trading should read this

People who are serious about trading should read this 

Well you are putting so much time and money into this thing 
Trading where one person loses one person gains 
We heard this "Money goes from impatient to the person who has patience"

It's very important to know which business you are in otherwise you ended up losing your sleep and money 

Here are some important lessons that I learned 

1. Know the Risk , if you understand the risk then you will trade or invest accordingly

2. Find out what works for you , some people trade cash , some trade F&O and some are scalpers only but those who know max. Risk and take care of it will survive 
And when I say survive I mean it. survival is important in this business

3. Have a system which gives you An Edge 
 A mechanical system or a technique which is backtested and where you can trust the process
Where on a losing trading day you don't lose your mind but money only 

4. Strong mindset -A mindset where you can keep this thing aside 
Trading looks easy money to people and it is actually
But one mistake can make you out of the game
No matter how good you play in practice match 
Ultimately How you perform in the World cup will matter 

5. Have Mentors or group of people who can help you to shorten the learning curve and understand your approach towards trading 

You can add more in this below 👇👇

 

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