Thread by @GordunGekko

Few tips/ suggestions to traders/ investors out there who are struggling:

a) Biggest money is made in "Cash" segment. I know, FnO is more glamorous, but it is, at best, a good way to earn monthly income. If you really want to become "wealthy and rich", the only way is to

invest in stocks

b) Now, I wouldn't use the term "invest in good quality" stocks. Because, terms like "good quality" are very vague and subjective. For me, personally, a "good quality" stock is one whose price is going up, and not just that, with a very strong momentum.

c) Once you have invested, sit tight (at least, until the SL is hit!). Remember, it's never the trading that makes the money, it's the sitting. Great traders are never worried about the upside, they only worry about the downside (and that's precisely why we have the SL).

d) Fall in love with your process. Not with your stocks. If a stock hits the SL, exit it dispassionately. Remember, it's just one of the next 100 trades.

e) Lastly, position-size. As they say, trade small, trade often. Keep your position size such that, even if your SL

were to hit, it wouldn't matter to you. Remember, mind over matter. if you don't mind, it doesn't matter. If the position size is too large, your emotions would get in the way.

f) So, just to recap, buy stocks which are in a strong momentum, keep holding them for as long

as their SL is not hit, make sure your position size is small enough for it to not bother you, and follow your process with discipline.

Thanks
GG

Adding few more points:

a) Keep your expectations from the market reasonable. And the bigger your capital grows, the difficult it becomes to earn a higher return on your capital. Especially if you are trading FnO because that involves leverage

With "cash", it is still possible, because there is no leverage involved.

b) Take responsibility for your actions. If you attend a 40k training course/ webinar, take responsibility for that decision. If you felt that you were duped/ fooled, the joke is on "YOU". The trainer

did a great job in marketing his content. YOU were the fool who got fooled by it. If you transferred your money to someone who is promising the moon, and lost that money, YOU alone are responsible for that stupidity and greed. If you end up loosing big part of your capital,

because you took excessive risk, take responsibility for your actions. Remember, in markets, whatever happens, YOU and you alone are responsible. No one else.

Thanks
GG