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 Signals Software for Buy Sell Signals for Day Trading

TECHNICALANALYSIS—A MUST BEFORE YOU INVEST BASICS In all probability, technical analysis is the well tested method of predicting the stock price based on certain factors which may differ pursuing the circumstances prevailed.   Technical analysts have therefore a pivotal role to play here.   He takes note of the past market, price of the stock and volume of the traded stocks daily or periodically to do the stock analysis and thereby forecast the probable price of stock.   In practice on ground, technical analysis is done on the basis of the different models and trading patterns. The technical analysis is amply utilized by the intraday software developers who track it infallibly to arrive at conclusion.   While trading with NIFTY FUTURE OR NIFTY OPTION, the technical analysis comes handy to see the developing future pattern of NIFTY CHARTS both periodical charts as well as nifty chart live.   Even in intraday trade , the technical analysis exe...

SECRETS OF SUCCESSFUL TRADING

50 Golden Rules of Stock Market Trading I’m sure most everybody knows these truisms in their hearts, but this list is nicely edited and makes a good read. 1. Plan your trades. Trade your plan. 2. Keep records of your trading results. 3. Keep a positive attitude, no matter how much you lose. 4. Don’t take the market home. 5. Continually set higher trading goals. 6. Successful traders buy into bad news and sell into good news. 7. Successful traders are not afraid to buy high and sell low. 8. Successful traders have a well-scheduled planned time for studying the markets. 9. Successful traders isolate themselves from the opinions of others. 10. Continually strive for patience, perseverance, determination, and rational action. 11. Limit your losses – use stops! 12. Never cancel a stop loss order after you have placed it! 13. Place the stop at the time you make your trade. 14. Never get into the market because you are anxious because of waiting. 15. Avoid g...