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List of common mistakes by traders

Puttaiah Narasimhalu at 02:31 PM - Jun 08, 2019 ( ) Views: 392

5 3

1. Making money double in a day or in a single trade

2. Ecess utilization of margin money for every trade we enter.

3. knowingly trading only options for months and years, inspite of high volatility and huge risk

4. Borrowing money at high rate of interest for trading activity.

5. Borrowing money from friends in the name of un recognised PMS.

6. not cosidering trading as like other retail business

7. not showing interest for learning and updating knowledge in trading.

8. focus only on trading inspite of knowing that money will not be earned overnight.  

9. not having discipline in money management.

10 Investing in stocks will give rich returns example are TTK PRESTIGE PAGE INDUSTRIES EICHER MOTORS, HDFC BANK AND SO ON. But entire focus on trading, but that too half knowledge in trading, where,when and how to take trade.  

11. Lack of trade planning and eager to take trade at opening of market without proper risk reward ratio.

12. Not understanding the market movements during intraday, whether trend or consolidation (sideways market).

13. Trading in options too much as a gambler. Because it is easy money. Losing in one go based on big movements happened recently in expiry days. 

14. Not having patience to wait for completion of trend, booking profits early and waiting for losses.

15. not following a system or to develop strategy consistently.

16. Following and focussing too much on trading forum advisors during market hours.

17. Not having properly tools and information to take trades and earn consistently. 

18. Predicting market movements based on our individual urge rather than market move.

19. Not killing our egos during trading. Act like a chameleon during markret hours. Adjusting to situations i mean to say. Flexible in trading. 

Dear Traders, Please give your feed back and add if i have left other points.

 


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Puttaiah Narasimhalu at 06:01 PM - Jun 12, 2019 ( )

first invest money for trading from hard earned money. keep a record of daily traded scrip/fno. Make a habit of writing notes for failures as well as successful trades.  Try to enter the market in trending markets, generally getting into a running train is risky. Whereas, entry into a moving stock is rewarding provided that the particular stock is fit for buy or sell as the case may be.

prepare one excel sheet try to enter the profit or loss on each n every day in that sheet. This will boost your confidence if you are doing good. For Ex. you have invested 300000 lakh capital, and took a trade of nifty future 2 lots with 15 point stop loss and profit of 30 points. on the first day you made a profit of 4500/- for 2 lots including brokerage. Net gain around 4000. % of profit is 1.33% on Rs.3 lakh investment.  Like this every trade before entry one should know what is the loss in case the trade goes against us.  RECORDING DAILY WILL HELP IN MONEY MANAGING SKILLS. 

Strictly follow your own trading system everyday. try to trade 2-3 trades maximum in a day. If it is trending day, 1 trade is enough for handful gain. KEEP SMALLER TARGETS, DONT EXPECT BIG GAINS EVERY DAY.  THIS WRONG NOTION WILL KILL YOUR TRADES MANY TIMES.  ALWAYS TRY TO PLACE THE NORMAL TRADE WITH FULL MARGIN MONEY. SO ATLEAST MAINTAIN ADEQUATE CAPITAL. TAKE SMALLER RISK OUT OF PROFITS EARNED IN YOUR TRADES. 

Bala Subramanian at 10:47 AM - Jun 12, 2019 ( )

thank u very much sir , will follow

Puttaiah Narasimhalu at 12:15 PM - Jun 11, 2019 ( )

balasubramanian if you have patience to watch youtube videos i would like to recomment to watch few videos viz., trade achievers kishore kumar and market gurukul edward are genuine you follow them.  They will teach in english and hindi (market gurukul) and trade ahievers in tamil and english.  Hope it will be helpful. Follow their system you will succeed, first you seach rigoursly knowledge of god and later  knowledge of wealth will follow you. Wish you good luck. 

Puttaiah Narasimhalu at 12:15 PM - Jun 11, 2019 ( )

balasubramanian if you have patience to watch youtube videos i would like to recomment to watch few videos viz., trade achievers kishore kumar and market gurukul edward are genuine you follow them.  They will teach in english and hindi (market gurukul) and trade ahievers in tamil and english.  Hope it will be helpful. Follow their system you will succeed, first you seach rigoursly knowledge of god and later  knowledge of wealth will follow you. Wish you good luck. 

Bala Subramanian at 04:56 PM - Jun 08, 2019 ( )

i ve been in market for last 11 years, i hv crossed most of the points u hv entered, but still couldnt get the right way, hv tried differnt startegies, indicators, calculations, bt end of the day zero, so far i ve lost huge money in this, still hvng hope to recover all, bt nt n the single night

 

suggest me if u have sme good consistent startegies, 

Kushal Jagtap at 07:58 PM - Jun 08, 2019 ( )

Need Pacency for proper trade execution !

Just follow excercise

Should be filled with 10K min , execute you plann and paper trade No Real trade at all need to see the control), if you are able to do so; 1st step you success in this journey

Bala Subramanian at 04:56 PM - Jun 08, 2019 ( )

i ve been in market for last 11 years, i hv crossed most of the points u hv entered, but still couldnt get the right way, hv tried differnt startegies, indicators, calculations, bt end of the day zero, so far i ve lost huge money in this, still hvng hope to recover all, bt nt n the single night

 

suggest me if u have sme good consistent startegies, 

Bala Subramanian at 04:56 PM - Jun 08, 2019 ( )

i ve been in market for last 11 years, i hv crossed most of the points u hv entered, but still couldnt get the right way, hv tried differnt startegies, indicators, calculations, bt end of the day zero, so far i ve lost huge money in this, still hvng hope to recover all, bt nt n the single night

 

suggest me if u have sme good consistent startegies, 

Niranjan Batchu at 04:14 PM - Jun 08, 2019 ( )

Sir, 

Suggest me Trading tools & where can I get information live.

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