Query : I am trading for 1.5 years. But I am not making any progress. What to do? Answer : "People see what they want to see and hear what they want to hear". This is the mind set of ordinary people. But as a trader we should see what is there, instead of what we want to see. For example, a trader should see what the price action is indicating. When the price is making higher high one should understand the trend is long and when the price is making lower low the trend is short. Entering on a trade at right time is also important. When the price action triggers long, but the trader is waiting for more confirmation, without the trader, price will hit all targets and start to reverse. Practise your strategy on more stocks. The more you practise, the more confident you will become. Summary : 1. See what the price action indicates. 2. Take action on right time. 3. Practise on more charts.
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Dear readers, to get answers for your queries about stocks, read my posts regularly. Gives likes and write comments. Your encouragement will motivate me to reply and write more. Thanks :)
@vanathi, my mom name is your name thats y i asked! :) nothing else
vanathi
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@kiruba94, May be your mother is named by the writer "Kalki" fan. Vanathi is a character from Kalki's "Ponniyin Selvan". My grand father is a fan of kalki and thats how I got this name :) Happy to know your mom is also having same name :)
kiruba94
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@vanathi, exactly , all my mother's siblings are named from the book like arulmozhi valarmathi etc.., you see why i asked the question now. even my grandparents were fans of that book. good to know this.
vanathi
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@kiruba94, Kalki's fans giving life to the story characters :D
DSKF16
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Agreed.
One of the basic reason i have noticed, Retail investors loose their money due to eagerness of multiplication of their investment with in short period & taken Risk.
Never(means: Before & at the Time of Trade) calculate Loss & after loss what is the Picture of their Portfolio. Realize Ugly pic. of portfolio after Completion of that Trade & decide not to trade in this fashion & this decision last for Couple of hour & same Practice going on.
Finally Quit the market & Express his feeling to NEWBIE's as Market is a place for Juggler's, Stay away. Never exposed due to wrong practice he Loose.
vanathi
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@DSKF16, Repeating the same mistakes again with out rectifying it will make a person to quit the market. I agree with you.
DSKF16
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@vanathi, Investors or Traders must know "Market is GOD Place, Not Casino".
vanathi
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@DSKF16, True. We wont have gambling mind set, when we develop trading discipline.