vanathi
Education

Trader's Queries - Trading Pshychology - Part 5

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Persistence in doing something without stopping the efforts despite the problems or delay in achieving success. How many of us try to become a better trader inspite of the difficulties? Learning about trading, finding the trading set up and training our mind to trade better need perseverance. Determination can move the mountains. I remember a story about the king Robert Bruce.
Once there lived a king Robert Bruce who ruled Scotland. During a fight with England he was defeated. The king and his soldiers hid among the mountains. He made many attempts to defeat England but failed. He decided to stop his attempts. One day he saw a spider trying to build a web in the cave. It fell down so many times but it didnt quit. The spider did not stop its efforts till it build the web completely. This incident made king Robert to have new hope. Once again he gathered his soldiers, fight with his enemies and won.
One of the important thing a trader should have is determination. The journey of trading is tough. Only determination will make us to travel till we reach the destination. We have to try till we succeed as we only create our own destiny.
Awesome, as usual
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vanathi Subra1953
@Subra1953, Thank you.
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Cheers !!! Determination, persistence are indeed key ingredients for trading success. You got that spot on. Keep the motivational writings on. I sincerely think it has much relevance in here.
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vanathi syam-mohan-vs
@syam-mohan-vs, Thank you.
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Encouraging Vanathi. Please keep posted.
Would be grateful, if you post detailed view on EMOTIONS, a trader starts successful journey one who do not stick with EMOTIONS.
Best Wishes for your all trades.
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vanathi mdhaamu
@mdhaamu, Sure, I will write about how to handle emotions during trading. Thank you for the encouraging words.
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You are very good story teller and motivator. I appreciate your efforts to motivate traders.
FOr that effort to win and succeed a trader should google all around the price action, history , not simply trading by daily support and resistance criteria. While engaging in day trading we tend to ignore and NOT TO NOTICE what is happenning. Logic is very very important and to remember the history is also important. Then only a trader can succeed. Daily i see people posting many ideas, with little picture to buy and sell. Getting ideas are ok, but as a trader one has to see what that person is telling why, he is telling , whether he has analysed properly. For that to introspect , he needs basic knowledge. We simply try to apply our knowledge of oscillators and indicators that thing and so on. I request all the trader who is posting ideas should give a bit of history. I really look forward for your posting. Keep posting. Nowadays i see people posting of Harmonic cypher pattern and so on, does it make sense, unless you see open mind what is happenning? All these patterns finally boil down to simple thing. Before taking trade one has to really question why I am taking this trade. One basic thing a trader or a learner should and must have is to learn from each and everyone. Ego kills success.
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vanathi nalinakshi
@nalinakshi, Most of the time in technical analysis, we see what we want to see. Also we miss to notice some points during analysis. During trading time we wont see logic and get hold in the hands of emotion. Sometimes its tough to understand an idea as we dont know in what perception the author has analysed. Its always better to follow our own trading plan. Learning about trading is a big ocean and we cant swim in it with ego. Thank you for the encouraging words :)
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pk29121976 nalinakshi
@nalinakshi,

Great Writing
* As a trader one has to see what that person is telling why, he is telling , whether he has analysed properly.
* Before taking trade one has to really question why I am taking this trade.
* One basic thing a trader or a learner should and must have is to learn from each and everyone.
* Ego kills success.
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Cinderella, nice
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