Thread by @Cosmofeedapp

Top 6 ways to Increase your Profitability as a Trader.

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1. Start Small

Starting with small trading positions and increasing the position size as the trade gets profitable is always beneficial.

There is a famous saying by Rakesh Jhunjhunwala Sir he says :
"Gatade Gatade Vechvanu, Vadhare Vadhare Levanu"

#trading #StockMarket #RJ

2. Trade Less But Take Quality Trades:

As Rakesh Jhunjhunwala Sir says, we are profitable as we do not initiate 40% of the Trades we think are Right.

Focus more on Quality of Trades to rather then Quantity to avoid losses.

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3. Fix a Stock Selection Criteria:

Often losses we make are when we do not know what we trade and take positions in things we do not understand.

#trading #Traders
A trading system with a stock selection based on ‘Technical + Fundamental Approach’ helps us minimize Losses and :

4. Let Profits Run and Cut Losses Early:

As  a trader, you must rely on facts rather than optimism. You must cut your losses early and let your profits run even if your growth is slow.

#trading #StockMarket #profit

5.  Ride Momentum and Let Profits Compound

As long as stocks are above 20 EMA, you should not sell them. Instead, you should let your profits compound and ride the momentum.

This helps us in Riding 2X,3X stocks which we usually sell for 10%,20%.

#StockMarket #trading

6. Keep Stop Loss and Take a Loss

You should keep a stop loss in the system and not in your mind. This will help you minimise your losses and survive longer in the #StockMarket.
#trading

Taking a loss initially is tough but it protects us from bigger losses.

Golden Rule:

What other Ways do You Use As a Trader to Boost your Profitability ?
Which is the Point you liked the most ?
Do let us know in Comments Below 👇

#cosmofeed #trading #StockMarket #StockMarketindia