vanathi
Education

Trading - Make it Easy - Part 5

NSE:CNXIT   NIFTY IT
Its said, "Do not practice until you get it right. Practice until you can not get it wrong". When newbie traders learn a concept, they forget the fact that they have to gain experience by practicing using small position size and sharpen their skill set around that concept. Instead they learn a concept, try it for few days, then when they face difficulties, they look for some other concept.
Any professional skill set can be developed by practice only. Aristotle said, "We are what we repeatedly do, excellence is not an act, but a habit". Practice trading with small position size, do disciplined trades and make it as a habit. Then money follows you automatically.
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Really good simple and informative posts with strong messages... keep it going !!
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vanathi ShanTrader
@ShanTrader, Thank you.
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True. That is why most of the newbie traders fail.
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One more reason is people who have full time job, when they trade, there is no enough time for them to concentrate and to do the trades with discipline.
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Thats why traders who "practice" trading is less.
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Before a new trader realises he have to use few/less stocks to practice trading, he should have lost his entire capital.
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