With MTF on Dhan, you can get up to 𝟒𝘅 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐧 𝟗𝟓𝟎+ 𝐬𝐭𝐨𝐜𝐤𝐬 i.e up to 75% of your trades are funded by Dhan and you only have to pay 25% 😍
Not only that, you can hold your MTF shares for unlimited days and enjoy funding benefits😃
Losses don't bother me anymore. I have developed a thick skin for them because I know a short winning streak can recover everything and take my equity curve to new highs.
What I find harder is waiting. Going from being good deployed to having almost nothing invested, and then sitting patiently until the next opportunity shows up.
That transition i find far harder than taking losses. And with every such episode, you try to get a little better at it.
Do you agree?
Financial Freedom has turned into just another fad, another label to strive for, another trophy to show off.
Little do they realise, that if they approach it in such a manner, they are not gaining any freedom.
In fact, they are losing it.
When in doubt, get out because you can always get back in.
If you have a position that is making you doubtful, just get out.
Go back and look at your winning trades, they start moving right away, and you take little to no heat.
Don't fuck with losing trades to see what happens
Money buys you freedom in the material world. It’s not going to make you happy, it’s not going to solve your health problems, it’s not going to make ur family great, it’s not going to make you fit,it’s not going to make you calm.But it will solve a lot of external problems
@naval
Eating only when we are Hungry...
And, Trading only when there is a setup...
Will save our health and wealth...
Boredom is not a reason to eat or trade...
How good trading looks like?
• Sitting out for weeks/months
• Willing to breakeven most of the time
• Sitting mostly on cash, most of the time
• Taking many small losses
• Selling stocks that go up even more
Good trading is boring & often makes you look stupid.
Trading is about waiting. You sit and wait, then the profits come in on a few trades. Not only do the profits pay for the losses, but they produce a net profit for you.
The key to trading is when the market is moving sideways, you don't have large losses. Keep stops small.
I've seen traders blow out $10,000 accounts in one day and some cases, 3 times in a matter of months.
Trading will find the weakest link in your emotional makeup and exploit it.
Trading is not about being smart; it's about controlling your mind with emotional discipline.
A successful trader focuses on their ability to get out of a losing trade as soon as possible.
Most losing traders focus their determination to hang on to a losing trade and hope that it comes back.
A great trader takes out the trash (losing trades) as soon as possible.
Leave aside all regrets,
For they belong to the past,
Which no longer exists.
Leave aside all anxiety,
For it belongs to the future,
Which may never exist.
Focus on the present moment,
For it is all that will ever exist.
Most great traders are 25 to 45% right.
If you can't accept that...
That's exactly why you can't be successful as a trader.
You have to learn to protect the downside.
Offense is important, but defense is more important.
Drawdowns take traders out of this business.
Why is Patience so important in trading?
- You need the patience to wait for your trading rules.
- Most traders have extreme difficulty waiting for trades.
- You need patience to stay with winning trades.
- Most traders fear giving back profits; patience allows you to stay.
Once you learn to trade consistently, you spend 90% of your time waiting for a setup… this is how you win 🏆
The trader who is taking trades at every pivot or is chasing price action is the trader who blows out accounts.
The most successful traders are the same ones who have emotional control.
When they get into drawdowns, the don’t fold up like cheap tent. They use emotional discipline and wait for the next setup from their rules.
They don’t chase price and jump back in to recover losses.
If you're not feeling stupid and bored most of the time, you're not managing risk. It takes confidence in your strategy to go through the whipsaws, the stops and the back and forth jockeying for position. It's all about protecting your account and riding the occasional trend.
The goal of risk management in #trading is to survive! Always make sure that you are able to trade tomorrow, next week, next months and the next years. Without money, you can't make money.