vanathi
Education

Common mistakes done by traders!

NSE:CNXIT   NIFTY IT
When some one enters to the trading field, they usually do this mistake. They plan for the trade and enter it as intraday trade. They don't respect the stoploss and think price will move according to their wish. Before the end of trading day they decide to change it to positional or investment. This is a wrong attitude as intraday, positional and investment differs in termes of stoploss, target and
brokerage.
Trading is like flying in a parachute
There are lot of people who trade well
You will think why cant I trade well?
I have the high IQ             , money, everything
You can trade well
Only if you overcome
fear, greed and ego
You will think you are going to be a failure
But you won't
You have to get in to trading
To trade well
Do you know whether this trade is going to be profit?
Ofcourse not.
You have to shed tears, go through pain, doubts, hurt
But eventually parachute will fly after going through this
And your trades will bring profit.
Nothing worth comes that easy in life!

Plan and excute your trades properly.
Comment: Dear readers, please share your views...
Great lesson vanathi, I experienced few
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Awesome Input Avanthi>>U hit the nail..I do the same..and i regret
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vanathi MAYURSHAH444
@MAYURSHAH444, When I started my trading career, I asked the manager of my brokerage firm what are the common mistakes new traders do? He listed this. And ofcourse as a new trader my mind went in same way, but i had good people who guided me not to do those costly mistakes!
Reply
@vanathi, Unfortunately I do not have them.. but i do read and browse a lot in order to educate myself
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vanathi MAYURSHAH444
@MAYURSHAH444, In your known circle you will know how many people made money, how many lost. Find the reasons for loss and reasons for making money. You will know what you should avoid. I collected these data too before trading.
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@vanathi, Yesss True..Activate our Sixth Sense..!! Stock Markets are complex and making money out of it requires Military Discipline..!! LoL
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vanathi MAYURSHAH444
@MAYURSHAH444, Stock market will make you realise your ownself. Like a self discovery journey :)
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Very well covered. One personal rule that I carry in my trading practice is 'Never take (carry in mind) previous trade's success or failure in the next trade'.
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@nirav5, Wise words. Thank you for sharing it here.
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Thanks a ton Madam !! If stop loss is not respected , Market wont be merciful
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