TradeTheTip

Know When To Stop Trading !!!!🎯

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NSE:NIFTY   Nifty 50 Index
When to Stop Trading?

We have spoken up to now about when to stop trading on a particular day. However, it is important to know if you should stop trading altogether – in other words, quit. It is not simple to find the right time to quit because often people quit when the going gets tough, but this may be just before success arrives. However, there are times when quitting is important:

--You can’t see any possible positive outcome for a trading
--You constantly feel overwhelmed and negative about your trading
--Trading takes preference over your health or your family
--Your financial situation is negatively impacted by your trading so that your family is suffering or your mental health is impacted.

These are all red flags. At a minimum, take a break from trading in order to rest, relax and recharge. Save up some trading capital, assess your goals and reflect on your failures and successes. Use this to formulate a new trading strategy, while working on your perspective and objectivity. You may then be ready to try again. The markets are certainly not going anywhere if you need a break and quitting does not need to be forever.

Comments

Spot on👌🏻
easy money nowhere...
+1 Reply
yeahh....those who cant control their emotion & their greed.just exit.this is not a gambling place.🤗🙏
Reply
exactly😘
Reply
We don't want to like your idea anymore because we supported you before and did make use of it for your personnel purpose.
Reply
@Faayez, ????
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