Trader knight Profile picture
Mar 9, 2021 31 tweets 7 min read Read on X
A mega thread, this contains some of my popular threads which may help you in your trading.

Thanks for reading :) Image
Why do you give back most of your profits?
Thinking in probabilities (By Mark douglas)
"90% of the traders lose money, But do they lose it all the time?"
How position sizing can affect your trading performance?
Difference between Successful and unsuccessful traders
Why most Traders Hate to Say “I WAS WRONG”

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More from @Trader_Knight_

Feb 16, 2023
Ah, the life of a trader - a journey filled with the sweetest of highs and the lowest of lows.

Many believe that once they achieve profitability, the path ahead is smooth sailing.

However, reality likes to play its little games, and the journey becomes a game of whack-a-mole.
Just when you think you've got it all figured out, the universe drops a bomb and shakes you to your core.

And so, the cycle continues - bouts of underperformance followed by periods of outperformance, rinse, and repeat.
It's like a game of snakes and ladders, but with more snakes than ladders.

The thing is, these strong emotions can take a toll on your mind, body, and trading performance. It's easy to get swept up in the highs and crushed by the lows, and before you know it, you're burnt out.
Read 8 tweets
Oct 23, 2022
FOMO is one of those things which I had a really hard time dealing with, back when I started trading.

After every trading day, I used to look at my journal, and think, why did I take that decision, why did I take that late entry?
I'm sure you might have heard this saying "Follow your trading plan" but it is better said than done.

Once, you see that the market has gone bonkers, and you haven't made anything, you are bound to get affected by FOMO.
And then you are going to make all those mistakes you had promised yourself you won't make, like taking a late entry, when it was never really a part of your plan, which then leads you to make more grave mistakes like micromanaging your trades, exiting them with a loss

contd.
Read 16 tweets
Dec 9, 2021
My thoughts on M2M screenshots, Mentorships, Greed, and more.

A thread ~
Well, as per my understanding, not generalizing anything, but 70-80% of the M2M's that you see floating on social media are fake.

The next 10% are those people who want some social validation.
Then come those who think that by looking at their M2M's others will feel motivated (which could be true).

The last 5% are those who have built genuine businesses around trading, which could be mentorships or any services related to trading.
Read 35 tweets
Feb 23, 2021
“In search of the holy grail”

A thread-
Holy grail- A strategy Which can make money all the time.

After going through two phases of a traders journey, the initial success phase, and Only why do i get loss phase, Traders enter the third phase -

THE SEARCH FOR THE HOLY GRAIL PHASE.
This phase has no limits, It can end in 1 month and it may not end till lifetime.

What exactly is this phase?

When a trader covers all the basics, they know how to lower their losses, they know the power of risk management.
Read 20 tweets
Feb 10, 2021
Three things which will make a difference in Your trading Results.

A thread-
1. Clarity- When the mind is free from fear and ego

The first step to successful trading is to be clear about everything you do.

BUT, the reality is that most traders don't even know what they are doing.

And because of this-
They don't have any goals.
They don't have any Trading plan
They don't know what is suitable for them
And the list goes, on and on.

If you are among the people as described above, don't worry, There is nothing wrong with you, almost 90% of Traders are like that.
Read 21 tweets
Feb 1, 2021
A thread on Risk and Returns
Trader X -

Net-worth - 5 Cr
Trading capital - 25 lakh

Trader Y -

Net-worth - 30 lakh
Trading capital - 25 lakh

Trader X take risk of 2% per trade and he makes about 30-40 % Return on trading capital per month,
Whereas Trader Y only risk 0.25% per trade and he makes about 3-4 % on Trading capital per month.

Trader Y saw how much trader X is making with the same amount of capital that he has.
Read 9 tweets

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