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#WealthCreationPsychology: If you are in your Thirties and looking at creating wealth then you need to understand the below very clearly to be able to create wealth through trading.
1. Rs. 10,000 Per trade * 1000 trades is 1 Crore INR.
2. 5 Years period will have 1260 trade days
1. Rs. 10,000 Per trade * 1000 trades is 1 Crore INR.
2. 5 Years period will have 1260 trade days
3. Your life span as a trader should be of 15-20 years.
4. If its 20 years , than you have 5040 trading days in your life span.
5. As a salaried class, you wont accumulate 1 Crore by the time you die.
6. Home Loan, Auto Loan, Personal Loan, Insurance etc., will eat you up.
4. If its 20 years , than you have 5040 trading days in your life span.
5. As a salaried class, you wont accumulate 1 Crore by the time you die.
6. Home Loan, Auto Loan, Personal Loan, Insurance etc., will eat you up.
7. Always have a stable income from salary or business, which should be your priority.
8. Trading should be your secondary income.
9. Trade only when Price reaches the edges, as edge will provide you limited Risk with Unlimited rewards.
10. Trade with Price and Not with View.
8. Trading should be your secondary income.
9. Trade only when Price reaches the edges, as edge will provide you limited Risk with Unlimited rewards.
10. Trade with Price and Not with View.
11. If you are able to make 2-3 lakhs per month in some trades, then take a break. If not for that month, then for that week.
12. Constant engagement with market will take away every thing.
13. Events / expiries - Self declared holidays, even if you know the out come as insider.
12. Constant engagement with market will take away every thing.
13. Events / expiries - Self declared holidays, even if you know the out come as insider.
14. Give importance to Return on Investment or fix a fixed money terms profits or loss per trade . This will make you mechanical in approach and eliminate bias to View or Hope.
15. Ek ka Do, Ek Ka 4, 5 lakh milega - come out of this fantasies.
16. Book profits which are beyond your daily wage.
17. Always look at Compounding effect.
18. Slow and Steady will surely win the race.
19. In your thirties, try and be in the game till you hit your fifties.
16. Book profits which are beyond your daily wage.
17. Always look at Compounding effect.
18. Slow and Steady will surely win the race.
19. In your thirties, try and be in the game till you hit your fifties.
20. Any sport, you have probability of winning high if you stay in the game till the end. But if you speed up the process, then you are bound to meet with accidents and at time accidents can be FATAL.
Danger to Life.
🙏🙏🙏
Danger to Life.
🙏🙏🙏
