A Trader’s 10 Best Friends
- Studying the markets to understand what works. #Study
- You are comfortable with uncertainty.
- Being optimistic about winning in the long term. #Winning
- You manage risk very carefully on each trade. #RiskofRuin
- Thinking in probabilities and asymmetrical trades. #RiskReward
- Following your trading plan. #Discipline
- Accepting losses. #StopLoss
- Letting winners run. #TrendFollowing
- A plan on exactly how you will trade. #TradingPlan
- A robust trading system. #EDGE
A Trader’s 10 Worst Enemies
- Scared to enter a trade.#Fear
- Feeling the need to be right on every trade. #Pride
- Entering a trade too late or taking profits too soon. #Impatience
- Trading too big a position size. Not taking profits after a reversal.#Greed
- Revenge trading. #Anger
- Randomly entering and exiting trades with no plan or method.#Recklessness
- Wanting to enter and exit perfectly on every trade. #Perfectionism
- The market starts swinging wildly but you don’t change your position sizing or strategy. #Volatility
- The trader’s method is to fight the price action. #Contrarian
- The trader just will never admit when he is wrong. #Ego
Bramesh ji.. Have you stopped giving daily updates on nifty?
Dear Shankar,
I was out for some personal work, Site will be updated by 1 Jan on regular basis.
Inconvenience caused is regretted.
Rgds,
Bramesh
Excellent sir….thnx
bramesh jee now a days can not seen any post regarding nifty / banknifty daily and weekly
???is it any prob brother ???
sir what you think about indusind bank, i am holding it from 798 levels
one word for the post: EXCELLENT