How to Become consistent profitable trader

By | February 16, 2015 3:28 pm
2 Comments
  • Make Rational Decisions – Do you have a plan to enter and exit your trades? Or do you just wing it? If you have a plan, write down your rules, and make sure that you trade your plan. If you don’t, or can’t, follow your rules, hire someone who can.

 

  • Respect Risk – Stock Market  is not going anywhere. If you risk too much, your emotions will take over, and you will likely go broke. Always know where you are going to exit before you enter and how much you are going to risk if wrong.

 

  • Don’t Judge Your Success One Trade at a Time – Losing money is part of trading. It happens to everyone. Once you learn to expect that will happen, you can plan for it and get past normal pitfalls, such as giving up on your system after a few losing trades.

 

  • Think like a winner – Remember that winning starts within. How you think is everything.

 

  • Take Help from Mentor – Making money in trading is simple, but it is definitely not easy. Don’t let your ego get in your way of making money. Most people have a hard time asking for help. That’s just one reason why most people lose money on Stock Market . You don’t have to go it alone. Find someone you trust and are comfortable with, and don’t be afraid to ask for mentorship.

2 thoughts on “How to Become consistent profitable trader”

  1. T.Srinivas.

    Dear sir,
    A friend, guide,and a philosopher -rolled into one, i guess is a mentor.I have begun to take you as one. I hope you will not refuse. You have our No.Hope to see you soon!
    Thanking – you.

    Reply ↓

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