It is said, "Your mind works when it is open, like a parachute". Share market is always changing. When a person is having an open mind, they explore new things and grow. Progress wont be possible if we do the same things in the same way. We cant expect different outcome from same process. When a person comes to share market, he will be having certain belief, "I can make easy money", "I can become rich quicker". After some time, he will realize, "I have to learn to earn", "I have to be disciplined & have patience". This type of understanding comes when a person have an open mind. We can not change the market as per our expectation, but we can understand the market with our knowledge. If we think we know everything, then it will block us from learning new things. To make money one should keep on learning with open mind, accepting new ideas and should not have the "Ego" that they know everything. Hit like to encourage to get more ideas like this.
LIfe is always a learning moment... Every moment i learn something new....
siddhu236
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Well said. Sometimes we forget this important thing that there is always something new to learn from the market it is unpredictable and we cannot control it then market will wake you up soon in no time with a price :D
@ganrocks28, hello I am new to stock (3 months) learning a new thing every day i just need to know how to be more confident on our analysis. (my analysis are correct most of the time)
but while trading I use less quantity below daily risk.
can you give some advice?
vanathi
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@ganrocks28, Use position sizing, so that any loss wont affect the capital. And book partial profits. These things will reduce your fear of loss and give more confidence.