If you want to win something, run 100m, if you want to experience something, run a Marathon. Finished my first ever 10 km Mussoorie Marathon @LBSNAA_Official#GoodGovernanceWeek2022
Your first Goal is the stop losing Money
Your next Goal is to start making money
& then your next Goal is to increase your account size
& your next goal is to start trading a bigger position
& your final goal is to get rich…all takes time and all take education…think about it…
More than any setup, what will drive profitability for a daytrader is how long he can sit and wait without trading when things are not going as expected or is unclear.
Don't be a #keyboard_monkey
Kerala’s Thiruvanathapuram distt has emerged as #FirstPrize in the Best District (South Zone) category at the 3rd #NationalWaterAwards for successfully completing 4,745 water-related projects during 2019-20, including the construction of 26,609 rainwater recharge pits. @navjotk28
Most new traders try to catch every move in every stock on every timeframe & they eventually feel lost & complain that nothing works.
Advice:
Try to follow 1 stock, 1 setup & 1 timeframe. Stick with it for at least 100 trades. Trade small, manage risk. U will see the difference!
Remove the compulsion to trade or the need of money. If you need money badly, it leads to fomo and impatience. Once da need is taken out you can wait for da best setups. Go big when they happen
Always remember these 2 Thumb Rules while picking any stock for short to medium term :
1. Best time to buy stock - When it makes fresh high with volumes
2. Worst time to buy stock - When it makes fresh low with volumes
How many of you have followed these ?
Ninety percent of success can be boiled down to consistently doing the obvious thing for an uncommonly long period of time without convincing yourself that you're smarter than you are.
5: Create guard rails
▪️Build in a cool-down period for decision making
▪️Create a lifetime asset allocation plan
▪️Make decisions on the weekends
Here's my current lifetime asset allocation plan:
Your annoying child is the dream of a childless person,
Your frustrating job is the dream of an unemployed person,
Your present health is the dream of an ICU patient,
Your meagre money is the dream of a needy person,
Your smile is the dream of a depressed person.
Be gateful !!!
Myth:-
People loose money in Stock Market
Reality:-
For those who understand Behavioural Psychology well, analyse companies well, avoid F&O, avoid leverage, avoid overvalued stocks, Think Long Term
Then making money in Stock Market is Easy....!!!