Query : Although I have read many books on trading and learnt technical analysis and many chart patterns I couldn’t get enough confidence to trade. How to gain confidence in trading?
Take few mins and answer honestly.
Are you giving your best in trading?
Are you treating trading as a lottery?
Do you have discipline? ----- Now watch the video and write your comment below....
How to be confident while trading? Here are some pointers to help increase trading with confidence: Know your trading style. Pin down a trading time-frame. Focus on few currency pairs. Calculate your risk tolerance. Focus on process not outcomes. When your trading confidence is hit, reflect and repair. Avoid trading overconfidence.
sumangalroofings
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To built confidence for trading ...sply Intraday is not Easy. Every time you try to enter market will surprise you. As said by many of my friends...."Market me kuchh paana hai to kuchh Khona padta" When you are ready to loose and Can Take Risk you can WIN. Step by Step and Rupee by Rupee confidence can be Build.
champtrade111
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what successful trader do.? 1 proper trade setup 2. trade execution like Robo keep human emotions away. 3. focus quality of trade then quantity . 4. out of 10 trade if 7 trade profitable and 3 went wrong even then you are doing trading as profitable business then take this 3 loss as cost of business at the end we will be win win situation.
Definitely trading is not a lottery. Loss is a part in trading or any kind of business. But I don’t understand where I am going wrong in giving my best. Mam As you said it needs discipline and proper trading setup. I was trading with the support and resistance .As soon as it hits my sl or target I used to exit to follow and cultivate discipline in trading. Few times it reaches small targets but next two days it hits sl. That’s why I feel less confident. I need little more confidence from you. Thank you mam
vanathi
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@kusumapc, There is no strategy which is 100 % profitable. Your profits should be bigger than losses. Understanding this will give you confidence.
kusumapc
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@vanathi,yes Mam . when the summary of my profits and losses bothered me so I have stopped trading to find out where I am going wrong .
vanathi
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@kusumapc, Its a good habit to review your trades.
Here are some pointers to help increase trading with confidence:
Know your trading style.
Pin down a trading time-frame.
Focus on few currency pairs.
Calculate your risk tolerance.
Focus on process not outcomes.
When your trading confidence is hit, reflect and repair.
Avoid trading overconfidence.