Trading Psychology Quote
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.”
Bill Lipschutz Bill Lipschutz a very successful G10 Forex trader speaks about the power of being selective with your trades. The second lesson is that in order to make money you need to develop patience. Being a patient trader is a trait that it needs to be acquired by everyone who wants to be a successful trader.
Point to be remember
Our Trading Journey will start from 8th July 2019
1) We trade in NIFTY Future Only (Current Month Series) referring to Nifty Spot value
2) Min capital requirement for this trade is 30K
3) Stop Loss is 100% compulsory for this trading journey
4) We always set the target 50 point and stop loss 50 point
5) We use Zerodha BO (Bracket Order) trading platform where we can put stop loss and target at the same time
6) I will post the level for Nifty Spot, accordingly you have to take the position in Nifty Future.
7) Once Target or Stop Loss trigger, no trade for the day OR we need to wait for Auto square of the position by trading terminal.
8) My Prediction is we will be able to make min 100% return month wise or may be low as 50% of invested capital.
Recommandation for Make trading Success.
Once you take a entry (Market trade Position) and place StopLoss and Target ; Closed the terminal and see after 3:30 once market closed ,
this will keep fear and gread out of your mind , let market triger your Position it may SL or target.
|Lot to Trade
||If 4 times loss
Want to Update
From 13th May to 19 May (Within 2 Month) I am able to make 88000 from investing of 20K
This week my SL hits 3 times consnstance till I am in Nice Profit.
This is the risk reward ratio.
SO FOLLOW THE RULES I HAVE DEFINE AND GET GOOD REWARDS IF YOU MANAGE TO HANDLE