Newbie's Corner - Trading - Make It Easy - Part 1

So far, I have seen people who think they can make money in trading overnight. For them trading looks like a game which gives more money for less efforts. I havent met even a single person who is rational about trading. So first thing to remember is "Be rational". Be realistic. None has made money with out experience in trading. To get that experience one has to face lot of emotional turmoil and loss. Trading is not a cake walk. Every successful business man have a plan before entering the business. Develop a trading strategy,trading plan before trading. No plan, no gain.
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Excellent message !!
vanathi VineelaSomarajupalli
@VineelaSomarajupalli, Thank you.
Thanks ma'am for keeping newbi's corner in mind. Would appreaciate if you could manage to continue to post on "trading patterns" as well as per your convenience.Just a humble request.
vanathi sud_ju99
@sud_ju99, Sure, will do.
whats ur trading plan and biggest question is how much did u made out of market that too from trading??
vanathi thoughtfullinvestor
@thoughtfullinvestor, How it is relevant to your trading?
+1 Reply
@vanathi, i dnt trade neither i encourage people to do so
Agreed. but how to over come emotions if plan fails ?
vanathi hotpot64
@hotpot64, Be rational to accept the fact in trading our plan succeed/fails . We can improve our strategy to get better success rate.
hotpot64 vanathi
@vanathi, How can we make our strategy more robust apart from keeping SL, in range bound movement SL hits quiet frequently. Any example of robust strategy ?
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