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CNXIT trade ideas

Trading Psychology - How to handle uncertainity?One of the most important challenge a trader face is facing uncertainity during market hours. Its in our nature to feel that we are in control of things happening in life. So we always want a secure situation in our life. When it comes to trading, the entire envirinment is different. Price movement is not in our control. We can not control the market, but we can control the way we trade. Always plan your trade with proper entry, exit & stop loss. Lack of planning your trades, make you to take impulsive trading, which will give loss and the loss will take away the confidence you have about your trading skills. Dont trade with big position size if you are a newbie. Dont risk the amount you can not afford to lose. Preparation(trading plans) and risk management will make facing the uncertainiity in trading easy.
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by vanathi
Trading psychology : What to do after heavy loss?This post is for the followers who shared the information about their loss in trading. They motivated me to write this post. Newbie traders blow up their trading account or face heavy loss in the process of learning to trade. So what to do next after a heavy loss? When we have heavy loss our mind becomes unstable and we do irrational things. First we have to stop trading few days and should make our mind to come back to neutral level. Getting stable mind is not possible at that time, so make the mind neutral. Meditation helps some people. For some people gardening, spending time in nature helps to make the mind neutral. Next what we have to do is taking a list about why we got loss. It may be lack of technical knowledge, greed or lack of risk management. Whatever the reason is write down how to rectify it and promise yourself with out rectifying you wont enter trading again. Doing all these things gives you the "power of taking responsibility". When we blame others or market for our loss, we become powerless. When we take responsibility of our actions, we get the "power of taking responsibility". The Ultimate power lies within ourselves. We have to nurture it by giving the "power of taking responsibility". How many times in your life you have blamed somebody else for the set backs you faced? And by doing so you made yourself powerless, defenseless. Thus giving your "Ultimate power" to somebody else. Think, take action & nurture your "Ultimate power". By doing so you are making yourself "a perfect trader".
NEducation
by vanathi
18
Newbie's Corner - Great ExpectationsTrading is a job where we need to take decisions by our own during trading time. A newbie trader expects himself to be a profitable trader in a short duration. Like all profession, trading needs experience to succeed in it. Once a newbie understand this, he wont have great expectations about himself and it will reduce the stress which is created with the expectation to be profitable in each and every trade. Another great expectation we have is towards other traders. If we have a trader as a friend, we expect them to share their analysis, methods with us and guide us in trading. Reality is since trading needs to maintain our own emotions, only we can do that and others can not help in it. And also since trading is an independent work, there is no point in depending on others. Great expectations towards oneself & others wont help in trading. Develop the mindset to accept the outcome of the trade. It makes trading more easier.
NEducation
by vanathi
5