Quotes on Trading

 Here are some insightful and thought-provoking quotes on trading, gathered from renowned traders and market experts:

• Patience and Discipline: “I’ve never known a man who was good at making decisions or good at trading stock to be poor.” - Jesse Livermore
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• Risk Management: “Limit your size in any position so that fear does not become the prevailing instinct guiding your judgment.” - Joe Vidich
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• Market Behavior: “Short-term volatility is greatest at turning points and diminishes as a trend becomes established.” - George Soros
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• Trading Philosophy: “I used fundamentals for nine years and got rich as a technician.” - Martin Schwartz
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• Emotional Control: “Are you willing to lose money on a trade? If not, then don’t take it. You can only win if you’re not afraid to lose.” - Sami Abusaad
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• Market Analysis: “Do not anticipate and move without market confirmation - being a little late in your trade is your insurance that you are right or wrong.” - Jesse Livermore
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• Trading Psychology: “I believe in analysis and not forecasting.” - Nicolas Darvas
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• Adaptability: “The core problem, however, is the need to fit markets into a style of trading rather than finding ways to trade that fit with market behavior.” - Brett Steenbarger

Which Brokers You Should Opt for Trading & Investing

Open a Trading & Investing account with any of Broker 

In F&O charges are 20Rs per Order  

And In Delivery Cash Zero Brokerage 

Here I Mentioned Some brokers that I Personally use

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(you will be Added in WA Support Group)

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Open A FYERS DEMAT account with Link 

Fyers

 

Read This Now to Know How to Improve Your Trades

-Simple Things work 

-In Trading It's YOU Vs YOU Always 

-Follow trend Not you Opinion

You Heard many such lines

Here are some Practical Advices How you can follow them 

When You manage your account start small and have real expectations

trading small and ensure your risk 

Trade for At least 1:2 (Risk-reward) and more than that when Things goes wrong 

this risk reward setup Saves Money 🤑

Choose one Asset , do not Jump into Many trade. Master One Asset and then Diversify into Others 

You Can only Increase Position Sizing when You are Confident On your setup 

so backtest and work On it 

follow Rahul gupta for more such content 

#trading #psychology 

importance of edge

Having an edge is important!

Im not downplaying that

But at a certain point all the TA, all this shiny stuff becomes a mask it becomes overkill

Just like the alcoholic who drinks to escape his problems

You put a bunch of pretty shit on your chart to try to escape uncertainty  

It's a fools mission

But most of you are not ready to have that talk

For many preserving the ego is more important than making money 

Until you work on what's between your ears you will never get the results you desire so much

You will remain a chartist and die only a chartist 

Do the inner work and quit running from yourself

Important Points on Trading Pyscology, you should always keep in mind

Trading psychology+--- 

Trading psychology is the most essential part of the trading

How you think during trade and before taking it 

It matters the most 

Your trading style should match your psychology

Your risk management covered by this 

No matter how much time you spend on Trading and you have knowledge but your emotions cloud your decision making and then ended up losing

To be a successful trader , you need to Recognise your emotional biases like greed, fear,hope,euphoria,panic and keep them in check 

The lot of traders trying to time the market 

And getting stuck in a situation where they have to book huge losses

A successful trader who knows once he entered a trade, he does not have any control over its outcomes. Instead of worrying about gain or loss, he works hard on fine-tuning his trading strategy

Here are some ways to improve your psychology

1.Avoid Overconfidence

Overconfidence in your trading knowledge may give you false belief that your views and decisions are always right. A Successful trader is careful not to fall into this trap of his own biases, opinions and market views 

Instead he writes everything about his trades -loss , profits, trends , decisions it helps them to take the record and doing better trading

And helps to trade Mindfully in future that improves performance and profitability

2.Learn from Mistakes- 

A Trader may work as per his Own Pyscology Of trading but the stock Market can prove him right or wrong in a matter of minutes. 

Have the ability to accept defeat 

And use this as an advantage to learn from this 

3. Balance trading risks - 

 It's very normal to take entries in stocks when there is none or taking trades based on other people's advice , not having a system 

 

A successful trader knows that capital protection is very much important and it should be a priority for maximum profitabilty 

4.Not putting a stoploss and rather trading on your institution is the another mistake that people made during trades 

Balancing trades from risk perspectives and being disciplined with your system are the necessary steps