REASON #1 – IRRATIONAL EXPECTATIONS
REASON #2 – SHORT TERM VISION
REASON #3 – NO STRATEGY / PLAN IN PLACE
Reason #1 - #3 : Details on Chart
REASON #4 – GRAB THE NEWS & PREDICT
Detailed: Glue yourself to TV screen and be rest assured, you will always lose money.
A friend mine subscribed to a so called ‘insider’ for getting information about the market movements by paying a huge sum of money for one-year subscription.
Now almost Six months old, he is very clear about what to do with this information. At least to save his capital, he has stopped trading at all!
Every morning you have experts competing with other for your attention on different business channels. Try to follow them, you will come to know what is happening. Every other person is expert in predicting where the market will go. ‘If it goes by another 47 points from here, it is a signal and it will touch 10500, and if it goes 63 points down from here, it is very signal and it can touch 9100 even 8600 !!’
Whatever happens to market, the expert is always right.
Do you think a normal retail customer will get the news before it is played out? No chance at all!
in market 1-2% trader who has created any meaningful wealth by doing intra-day trading.
Think about it. Who is gaining by your intra-day trading? You or some-body else!
Use whatever charts, software you want to use for predicting the direction of market, more than 50% of time, you are wrong. Why to waste your energies on something which you are sure, that it will be wrong 50 % of times?
Why should I be acting as a puppet in the hands of so called experts having opinion on each and every stock and each and every aspect of market?
No way I am denying the capability of some really genuine guys out there, who are giving fair view of overall situation, but they are very very small in number.
And in the overall jungle of marketing gimmicks, difficult to identify them.
TRY TO IDENTIFY THEM & RELY THEIR PREDICTION, Way of Identify previous 50 - 100 predictions, not in no of trade loss / gain, but % Profit in Profit trade & % Loss in Loss trade.
REASON #5 – REASON NO 5 – TEST YOUR OWN TONGUE.
Details on Chart
Happy Trading, Trade Cautiously & Safely.
Disclaimer: Only For STUDY. Sorry in Advance if hurt any member or viewers
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