Common experiences of traders

Scenario 1: You go long, keep a strict stoploss, have a target in mind after a proper study. Market first hits your stoploss and the goes up as per your study. Sigh!

Scenario 2: This time you go long, set a loose stoploss, market does not do much for a couple of days. You give up and exit. After that market goes up!

Scenario 3: This time you decide to be patient. Take a position, set a loose stoploss. Market eventually goes in other direction!

Scenario 4: Now you decide you will apply money management. Will deploy only part capital and take only limited risk. 3 trades go right. You become confident, and feel finally you have learnt. Now you deploy full, now this one goes wrong!

Scenario 5 We deploy again in part, set a mindful stoploss, go long, set a target, 80% of the target is reached, then market dives and hits the stoploss!

All of us keep experiencing this and we keep telling ourselves that we will learn. But first we need to know what causes this?

Basically, these are all timing issues. Our study may be right, but we do not know the shubh mahurat (=auspicious time) of taking a trade. If we could just time it properly, both from entry and exit perspective. If we could just correct this one thing, we will usher in prosperity. Timewave can help a lot here.


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