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What trading has taught me

#safebull , Blogs , Information , Inspiration , Trading Mistakes

Pixarts Trade February 14, 2024 06:46 AM

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“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”…[..]



Timing for different types of trades

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.

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:

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. 
  • 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.
  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:-