WHAT IS MORE IMPORTANT (New members must read)
This text is dedicated to all new friends who have joined me recently as my old fellows knew it very well.
Yes, lets decide what's more important for you, I mean to say what's more important for you PROFIT or TRADE?
In one word everybody will say "profit" but I have experienced that there's only one kind of people i.e. traders, though everybody will say profit is more important but then they dont follow rules to make profit.
SIMPLE RULES -
1. On first day of your trade set your honest TG, i.e. if you are investing 50K there then how much return you are expecting. (Do it honestly i.e. if big TG then you should have have alternate, I mean to say if you say I am expecting 50K return on 50K investment in one month then if I come to you and say I am giving you 50K please give me 80K after a month and 20K you can keep as your profit, certainly you will refuse, then why to expect it from market?) So dont gamble.
2. After setting up your TG, start reading good text, follow someone whom you believe, or just follow your researches. I mean to say you should have proper info about your trades, dont start trades if stock moving up or down. (Great Ex. y'day - when JPA was up 2%, I was short on it, it went down to 2.5%, so specific moves doesn't mean you will always make profit)
3. Wait for right time and right opportunity - Its most important which people never follow, they prove themselves as ADDICTED TO TRADE. They feel suffocation if they dont trade. (Such people can unfollow me). Because I always look for opportunity, till I dont find any good bet I dont trade, so waiting could be long but it doesn't mean to do anything just to try our luck every time, you could be lucky 2-3 times but I am sure YOU WOULD BE VERY UNLUCKY ONLY FOR ONE TIME - would be good enough to kick you out of market.
4. Have Patience - Once you achieve your daily/weekly/ monthly TG, just get out of it and enjoy with family.
5. Market need highly disciplined player - before entering trade you should set your SL, dont make false hopes once your trades start making loss, some times it bounce back but only 1-2 good incident will wash out your all profit and can put you into loss. Same way dont forget to book profit when it reaches to your TG. (Great ex. FRL - we had buy rating from 74 for TG 88-89, it went to 91 people start thinking it will move up more and more, just check CMP)
IN SHORT PATIENCE IS THE ONLY KEY - AND DONT HABITAT TO TRADE INSTEAD WAIT FOR RIGHT OPPORTUNITY.
GOOD LUCK... HAVE A PROFITABLE DAY
This text is dedicated to all new friends who have joined me recently as my old fellows knew it very well.
Yes, lets decide what's more important for you, I mean to say what's more important for you PROFIT or TRADE?
In one word everybody will say "profit" but I have experienced that there's only one kind of people i.e. traders, though everybody will say profit is more important but then they dont follow rules to make profit.
SIMPLE RULES -
1. On first day of your trade set your honest TG, i.e. if you are investing 50K there then how much return you are expecting. (Do it honestly i.e. if big TG then you should have have alternate, I mean to say if you say I am expecting 50K return on 50K investment in one month then if I come to you and say I am giving you 50K please give me 80K after a month and 20K you can keep as your profit, certainly you will refuse, then why to expect it from market?) So dont gamble.
2. After setting up your TG, start reading good text, follow someone whom you believe, or just follow your researches. I mean to say you should have proper info about your trades, dont start trades if stock moving up or down. (Great Ex. y'day - when JPA was up 2%, I was short on it, it went down to 2.5%, so specific moves doesn't mean you will always make profit)
3. Wait for right time and right opportunity - Its most important which people never follow, they prove themselves as ADDICTED TO TRADE. They feel suffocation if they dont trade. (Such people can unfollow me). Because I always look for opportunity, till I dont find any good bet I dont trade, so waiting could be long but it doesn't mean to do anything just to try our luck every time, you could be lucky 2-3 times but I am sure YOU WOULD BE VERY UNLUCKY ONLY FOR ONE TIME - would be good enough to kick you out of market.
4. Have Patience - Once you achieve your daily/weekly/ monthly TG, just get out of it and enjoy with family.
5. Market need highly disciplined player - before entering trade you should set your SL, dont make false hopes once your trades start making loss, some times it bounce back but only 1-2 good incident will wash out your all profit and can put you into loss. Same way dont forget to book profit when it reaches to your TG. (Great ex. FRL - we had buy rating from 74 for TG 88-89, it went to 91 people start thinking it will move up more and more, just check CMP)
IN SHORT PATIENCE IS THE ONLY KEY - AND DONT HABITAT TO TRADE INSTEAD WAIT FOR RIGHT OPPORTUNITY.
GOOD LUCK... HAVE A PROFITABLE DAY
No comments:
Post a Comment