Hi guys, I wanted to share this useful information with you where most of us making mistakes and losing our hard-earned money.
there are only a few things that we need to adapt to avoid making a loss.
Bigstep:
here were discussing the process to rectify our mistake. The first step is always a steep and bigger one in any process. find a setup don't think that your setup is simple one only a simple setup makes big money nowadays. trust me simple setup makes wonders it may be silly but true, first find a setup and keep it ready in your trading platform
Once we got our setup ready(simple) observe it how it behaves nowadays we have many tools to backtest our setups we just need to set the filters accordingly
Analyze your backtest result.
You will be amazed.
Trust:
Always remember that this is the big real step and greatest impediment trust your setup if it shows buy signal never have second taught and buy it even if so-called analyst gave sell call on the same company where your setup showed buy signal now I hope you would have understood the value of this step.
FOMO:
Never ever take or enter a trade in FOMO(Fear Of Missing Out)
understand the sometimes no trade is the biggest trade and safest option.
Learn to earn:
If somebody suggests to buy or sell particularly share never believe them blindly do your own analysis before taking any trade because always remember that nobody will take responsibility for our loss and repay us it is our sole responsibility to take care of our hard-earned money I can assure that even we may not able to make money unless we start to learn I can no matter how much money you have only knowledge matters so keep learning keep earning.
Trap:
I hope most of us would have come across this trap without knowing that is a trap are ever received a call? saying that pay me the certain amount I will give you calls to earn more money first think of this point before paying them if they can make one lakh with 10,000 still why they are asking for small money every day instead of making one lakh every day no one is always correct and no one is always the wrong market is always supreme so be gentle.
Stop doing:
If you are making continuous loss stop doing intraday trades at least we can save brokerage.
Start doing:
Do your own chart reading before entering any trade without reading charts consider that has a failure trade because sometimes even chart reading can go wrong even god can't save us here.so if you have any questions, post in the comment box, will try to create a new blog post only to address all questions and will try to provide an answer ASAP. Thank you guys Cheers.Always believe that your big trade is on the way.
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