:: Motivational Quote

“There should be fire  in you to be a trader in the Stock Market”.

A quote by a famous trader and author, Mr Steven Goldstein, Author of ‘Mastering the Mental Game of Trading’:

• The rule of thumb for new boxers is ‘Survive and Learn’ don’t even think about fights.
• The rule of thumb for new musicians is ‘Survive and Learn’ don’t even think about auditions.
• The rule of thumb for new traders is ‘Survive and Learn’ don’t even think about profits. All successful traders, first survived, then learned, then thrived.

Loss is a lesson to learn from.

Should accept the loss. 

Should be humble enough to say that, it is because I made a mistake, and not put the blame on the market or others. 

Do not depend on luck.

Hence if you don’t have time track and follow the market then don’t trade

Timing for different types of trades

• 10:30am to 12:30pm Friday, Monday, Tuesday & Wednesday only intraday, no positional
• 12:30pm to 3:30pm Friday, Monday, Tuesday & Wednesday only intraday, no positional
• Positional trade may be taken only Wednesday 3:10 Pm to 3:25 Pm for next day expiry, if at all any confluence view.

Never keep an EGO, and always learn to book losses. 

Learning to book losses early at stop loss as it is from my home/my cash where else profit is not mine, so, book losses at stop loss but book and hold profit till you can.

Profit you cannot control profit, but loss we can 

Say either you cut your finger or hand choice should be ours, always work on to preserve the capital. Like in cricket if wickets are at hand runs will come automatically, so always save your wickets(money).

Like in any profession like doctors/engineers first they learn, then practice then finally they earns, hence stock market trading also should be like that, first learn, then we should come to stock market:

Come prepared with- 

• Knowledge
• Mindset
• Strategy
• Capital

Points to remember

• Always remember, to calculate the return on percentage not the amount, if daily basis we are earning 10-15% of the capital invested that’s a good return. 
• If we want to learn swimming we should always dive in the water, so if we want to learn trading we should start investing.
• And always try to learn not get free/paid tips. Get a fishing net rather than a fish.
• Never go for complex tools/setups to trade, but simple setup. 

Go deep, not broader.

• Always remember to check on the risk to reward ratio, before you enter into the trade, as you need to win in the long term.
• Always remember, the market rises slowly but falls crashing down, hence earning is more on the selling side.

Always hedged properly to avoid getting trapped in CRASH.

Every time we make loss, we have two ways:-

1. Either put the blame on the stock market that the stock market is GAMBLE, then will never learn.
2. Or Accept the mistakes and accept the need to learn more, the go forward and analyze the mistake:-

Wrong stock selected,  wrong time to execute, bought at wrong price, wrong stop loss, wrong market selected, listened to wrong person, etc.

Work on those mistakes.