There are some basic
principles and rules that will make you as successful traders trading either
you are stock traders, option traders, future traders, and even Forex traders.
It doesn't matter what you trade, but it’s matter how you trade that makes you
successful or not !
Rule 1: Follow Strict Trading
Plan.
The biggest enemy to
your trading success is not the market. It’s YOU. And you are the biggest enemy
because of your emotion. This is the first rules that why traders fail. It is human nature to want to
vary or break rules and it takes discipline to continue to act in accordance with the established rules. Made simple but
effective trading plan and stick on that. Don’t change on every trade.
Rule 2: Be perfect on One
Strategy At A Time.
Never jump from one
trading style to another. Be perfect on one style and strategy first rather
than becoming average at several. Focus and work hard to completely understand
every angle, abnormality, risk, and then move on to Iron condors..
Don’t be a jack of
all trades master on none. Try to become master on one simple rule.
Rule 3: Become a chartist. Chart
tells everything (My Favourite).
Stop hoping and
wishing already ! Chart tells everything.
Try to read its pattern not your hope. Everything reflect in the price and
pattern when it comes to technical analysis – this is why I favor it over any
other system. Master the charts and let them guide you.
Rule 4: Stop The “Analysis
Paralysis”
Most people just analyse
–analyse and analyse but never get in! To much analysis may confuse you. How are you ever
going to learn? Start small but keep
trading. Find simplest pattern which is easily readable. Don’t enter in
complicated pattern which you can’t read easily. Money can made only in
simplest chart pattern.
Rule 5: Find when to trade.
We all trade for 2
simple reasons: Money and Freedom. In order to succeed listen always the
system. A traders should governed by his or her system, not by the
circumstances of the moment, the market, or the outcome of few trades. You don’t
know what is successful or what fails if you constantly change your reasons for
trading. Get a coach, or join a trading community to keep you accountable.
If you can integrate these insights into your own psychological mind
set, you’ll gain a significant edge in the market. I can’t stress this enough:
the right mind set is one of the keys to investment success, and most traders
fail to understand this.
Nifty Eyes Multi Level Money Making
Club aim is to provide all traders complete and advance technical analysis
knowledge and work together to trade in Indian stock Market and commodities
Market. This is for complete beginners to pro traders who will develop the skills how to trade and
invest through our online trainings, meetings and lessons....
There are many ways to approach the
markets and having the discipline to follow a solid trading plan is critical to
success. Here at the club we will constantly work together with members to
develop trading strategies; a key element to profitable trading being
pro-active money management.
JOIN NIFTY EYES MULTILEVEL MONEY
MAKING CLUB
PROFITING FOE EVERYONE
written by :- Rajesh kumar singh
