Thread by @Mohitsharma202

Compared to 100 Books & Trading courses , These 15 Tweets That Will Teach You More About Trading🧵

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1) If you lose 95% of your capital than you have to create 1900% profit on remaining 5% capital to recover your loses.

Rule no. 1:- Never lose Money.
Rule no. 2:- Never forgot Rule no. 1.

Ignore the short term, Focus on the long term.

2) Steps of trading journey:-

First Step :-
Try to be Investors and try to make 15-20% yearly

Second Step :-
Be a Trader and try to make 30-40% yearly

Third Step :-
Try to be Pro trader and try to make 4-8% monthly

But in stock market people start from 3rd step

3) "Focus on 1 thing"

This is my best rule in trading for beginners

Do one thing good, focus on it, study it, learn it, improve it

Don't waste time studying 10 setups, trading 20 stocks. Start with 1

4) You want to make Rs 100000 Trading?

First Focus on making Rs 1000 Consistently

Then use this capital to make 2000 Consistently

Take small steps & level up to Rs 5000 Consistently

More Capital Doesn't make u a Better Trader Being a Better trader gives u More Capital

5) Once consistency becomes an easy part of your trading style

You will really understand the compounding part of trading

6) If youve been trading 3+ years and still arent profitable… keep going.

Everyones timeline is different. Dont get discouraged by someone elses.

Some are successful after 3 years & some after 5

Everyone's learning curve is different so don't compare yourself to anyone

7) Patience + Discipline

Two of the most important qualities to becoming a successful trader.

8) Intraday trading is the best way to make money, if you are a SKILLED trader you can make money really fast,

But you need at least minimum 4 to 5 years to learn it in this field, same to other fields..

In this field required lot's of time to master your skill..

9) If your trading system is not scalable for at least 50 lacs to 1 Crore

It is better to do job than trading

Make your system with proper risk management and position sizing

Your mindset should be like you will trade with 10 Cr one on this setup

10) 5 core trading concepts you must understand:

1) Hit-rate is not important to make money
2) Position sizing has a big impact on trading success
3) Simple & robust systems are more successful
4) 80% of trading is psychology.
5) Distance from markets will increase ur success

11) You don’t need to change your strategy every week with the market, you need to remain patient & be consistent instead.

12) Consistent trading is about:

-Discipline
-Having a Plan
-Independent Thinking
-Managing Emotions
-MOST IMPORTANTLY, MANAGING RISK.

The money is just a byproduct of doing all of the above.

13) Just because some people have "blew up" their account to be successful doesn't mean you have to

I never blew one account up

I started with 5 lakhs & I Can't Afford to Lose

Practice GOOD risk management, take profits, & don't let a green trade go red

14) Reminder: A good nights sleep is one of the best investments you will ever make.

15) To the trader that needs help:

Please be patient during your trading journey. It is very stressful and will test your emotions daily. Remember to preserve not only monetary capital, but also your mental capital. It’s a marathon, not a race! You’ve got this. 💪