Thread by @valuelevels

Do you have what it takes to be a successful trader?

Study after study say that it is discipline that differentiates a successful trader from a not so successful one. Consistent result is the outcome of a disciplined trader. How do you get this right? Here are valuable tips👇👇

Firstly, what is Discipline?
It’s important that we first understand what discipline is. The definition is – the practice of obeying rules or a code of behavior

Note it down.
To start with make a note. A note on your precise trade plan. What will be your criteria for entry and exit, investment management and trade management plan? You may know it but if you do not note it down it can be forgotten or very easily you could lose the track.

Review it as often as required.

Now check the results as you first do a demo-trade. Is it working? Does your strategy require adjustments? Do a back check, do a forward check.

The desire to get into the real market will always be strong but do not enter till you have applied your strategies for 2 to 3 months. Remember, it is a lot easier to lose money in the markets than it is to make money.

Use Technology to Your Advantage
Trading is a competitive business, and it’s safe to assume the person sitting on the other side of a trade is taking full advantage of technology.

Learn more trading strategies and join the traders and investors community
tinyurl.com/Link-StoxKart

#nifty50
#Niftybank
#tradingpsychology
#Investment

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