Nifty 50 IndexEducation
Trader's Queries - Trading Psychology Part 9
Updated
Query : I learnt trading myself. Initially I got profit. I started to lose money when I increased my position size. What should I do now?
Have you seen any one who learnt to drive car themselves? If you want to learn driving from whom you will learn? Not from race car drivers. Right? I interact with people who want to become traders. They all have this mindset 1. Trading is easy 2. I can learn trading by browsing or studying from internet. 3. I can earn jackpot money from trading daily. 4. If I attend some workshop by a famous trader, next day I can trade. Always remember theory is different from real time. In internet you will find articles saying "over bought/over sold" levels are this one and when an indicator reaches this level you can reverse your trade. And after becoming a trader only you will realise price action wont reverse in overbought/oversold conditions. We have to check other conditions to find the reversal.
A person who truly wants to become trader wont think he can read the theory from net and become trader at once. World's sharphest minds/brains are trading in share market and to save your money from them you need lot of practise. And after that only you can think about earning money. Trading is a serious game and dont do experiments in it. Being over confident about one's own self wont help in trading.
Note : I cant teach trading to everybody who ask me to teach them trading. I expect certain qualities from a person to become a trader. And to them only I will teach. I know human psychology and I can assess a person's mind set easily.
Have you seen any one who learnt to drive car themselves? If you want to learn driving from whom you will learn? Not from race car drivers. Right? I interact with people who want to become traders. They all have this mindset 1. Trading is easy 2. I can learn trading by browsing or studying from internet. 3. I can earn jackpot money from trading daily. 4. If I attend some workshop by a famous trader, next day I can trade. Always remember theory is different from real time. In internet you will find articles saying "over bought/over sold" levels are this one and when an indicator reaches this level you can reverse your trade. And after becoming a trader only you will realise price action wont reverse in overbought/oversold conditions. We have to check other conditions to find the reversal.
A person who truly wants to become trader wont think he can read the theory from net and become trader at once. World's sharphest minds/brains are trading in share market and to save your money from them you need lot of practise. And after that only you can think about earning money. Trading is a serious game and dont do experiments in it. Being over confident about one's own self wont help in trading.
Note : I cant teach trading to everybody who ask me to teach them trading. I expect certain qualities from a person to become a trader. And to them only I will teach. I know human psychology and I can assess a person's mind set easily.
Note
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