Skip to main content

COPING WITH LOSSES: A MAJOR KEY TO SUCCESSFUL TRADING

We need to train our minds to be winners even when we face the losing streak in trading days.This may sound difficult but it is very important to learn and tune yourself with this mindset. What is the inner play of this mindset is what we would explain to you. When any intraday trader enters to play in the stock markets he is faced with many challenges. One is to learn the technical of trading and to formulate the best suitable trading strategy for your trades. The other step is to follow all the trades coming in the system on your selected scripts and not to miss the trades come what may. This is where the mind set comes into play. Once you have successful strategy and then you are faced with a bunch of losing trades then you mind will start coming up with devilish thoughts like am I in for a rough road, I should have listened when all around people told me that it is gambling. there is no strategy that will work at all time. it is not possible to win in the markets...ect etc. You will also doubt the buy sell signals generating strategy or intraday software that you have worked so hard to achieve and back tested at so much length. Just the reverse emotion comes when you have been gaining and making some winning trades. You will feel good and say that I am a professional trader and are there to win the game. Basically you should be disconnected in rating your personal self from the outcome of the markets. this is like any other business and will have its up and down days . You are supposed to take all trades with discipline and money management rules limiting you loses . You can even set draw-down limit for the day and quit without feeling bad. The recovery can happen any time later.you should not fiddle with the method and let it run as it is . The buy sell signals will surely work well if applied on the logic of probability and the profits will come back.

BEST MINDSET: KEEP SAYING I AM A WINNER EVEN WHEN THERE ARE BUNCH OF LOSSES SINCE THAT IS THE MINDSET THAT WILL MAKE YOU A WINNER ALWAYS.
For further information on the BUY AND SELL SOFTWARE, Intraday software, Real time data, Nifty live Charts ,Nifty Buy Sell Signals , please visit :
Call: 9958406102


Comments

Popular posts from this blog

NIFTY TREND ANALYSIS & LEVELS FOR TODAY

Updated for-Jul/12/2013 Nifty was on a bull trend and closed at 5935 level. So today the first resistance for nifty is at 5971-75 level. Next resistance ranges are at 6008-12,6030-35,6047-52,6069-73,6088-92 levels. On downside first support is at 5898-94 level. Next supports are at 5861-56,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region So today on upside intra resistance are at 5975 and 6012 level and on down side support are at 5894 and 5856.Below 5856 be very alert and avoid longs.  Positional Support for NIFTY 5905 5872 5868 5838 5830 5824 5772 5764 and positional Immediate resistance for NIFTY is 5961. Intraday Resistance of NIFTY are 6008.8 : 6069.9 : 6051.2 : 6067.4 Intraday Support of NIFTY are 5861.4 : 5800.3 : 5820.1 : 5804.2

The veteran trader feeds on the new trader

The only difference between the new trader and the old trader is that the old trader has learnt to be in control as compared to the new trader. both are trading using the same charts and indicators. A good trading system and the mental strength to commit to and execute the signals that system gives you is the way of the seasoned trader. The seasoned trader can notice when he is making any human error in relating to his emotions and fears and quickly breaks that habit by making new neuron-pathways, means suppose he is erring in moving his stop loss to cost or to break even when he sees gains, then he will focus on that and start doing that soon as a matter of habit. Trading is nothing but a game of probability , where you have to have the odds ion your favor. Once you have set your strategy fro trading then just like  mechanical trader follow it without using brains and mind. At the end of the period of time it will reap benefits. If still the method is not profiting then chan...

FII FLOWS INCREASES

Flows into India likely to remain limited in the near term, as relative valuations of stocks versus emerging markets do not look attractive, Macquarie says. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie says. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows of foreign institutional investors (FIIs) in April vs strong Jan-March inflows, Macquarie says. Indian stocks look historically cheap, but is trading at a premium of around 33 percent vs emerging markets vs the long-term average of 27 percent, Macquarie estimates. Nifty is seen trading in 5,000 to 5,500 range and the Sensex in 16,000 to 18,000 range, as “global liquidity glut” to provide some support, Macquarie says. Reuters