Thread by @swing_ka_sultan

𝟮𝟮 𝗸𝗲𝘆𝘀 𝗳𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 (𝘧𝘳𝘰𝘮 𝘭𝘪𝘷𝘦 𝘭𝘦𝘤𝘵𝘶𝘳𝘦 - 𝘤𝘰𝘮𝘱𝘪𝘭𝘦𝘥 𝘣𝘺 𝘢 𝘴𝘵𝘶𝘥𝘦𝘯𝘵) -

1) Try to Simply your trading approach after a point of time. One more indicator / tool / strategy won’t make you a good trader. (2/n)

2) Become a 360-degree trader. Need to have strategies to cover all scenarios. (Learnt from @PradeepBonde) (3/n)

3) There is no co-relation between how often you trade and how much money you make. Overtrading doesn't mean success in trading. (4/n)

4) Look at the big movements in each stock's chart for deep diving and research. It might not feature in the top gainer of any year.

For e.g. - A stock started surging in Oct 2021 and exhausted in April 2022 will not show up in top gainer of either 2021 or 2022. (5/n)

5) Research should be as realistic as possible. Identify and analyze all probabilities. #deepdive (6/n)

6) Trust your study and research not opinions. Trading is not complicated. (7/n)

7) You don’t need to fix your psychology. You just need a strategy in sync with a market tendency and conviction on it. Conviction comes from deep dives. (Learnt from @PradeepBonde) (8/n)

8) Know that your strategies will work at some time and won’t work at other times. Knowing the nature of your strategies will help you understand when they will work best. (9/n)

9) You don't need to make your weakness your strength to succeed. Focus on bringing your strength to your edge, and just mitigate the impact of your weaknesses. (10/n)

10) You switch your style because you don’t have the trust/conviction in your strategy – STYLE DRIFT. (11/n)

11) Technical Analysis and Trading are two different things. TA is just an opinion. Everyone can have an opinion.

The market doesn't care about opinions until it is backed by conviction i.e. money. (12/n)

12) Strategy and Setup are two different things as well. Setup is only part of your strategy. Most people think both are the same. (13/n)

13) Why do People fail in Trading -
- Obsession of demand confirmation. Waiting till the demand is over.
- Spending too much time and effort on finding a perfect looking setup.
- Lack of proper Trade Management. (For e.g. -Looking for extended in thematic longs) (14/n)

14) Understand the nature of the Strategy. You don’t need a sword to cut a carrot. You just need a knife. (You don’t need IPO base to earn 3R. Can make 3R anywhere). (15/n)

15) Don’t blindly listen to experts. Question their objective and content. Don't think you are inferior to them, and they can't be wrong. (16/n)

16) When you read a book, understand the year and age when the content was written. What concepts were popular at that time? Read between the lines and get into the mind of the author to understand what they have written. (17/n)

17) Most money is made in story stocks. But the story has a validity/expiry period. For e.g. -

a) ARK held stocks beyond the story validity period.
b) API stocks were once presented as a once in lifetime opportunity. (18/n)

18) Don’t trade just for the money. Take it as a spiritual process. (19/n)

19) Don’t let Society define the parameters of success & happiness. Leave the race super-imposed upon you by society. (20/n)

20) Be inspired by successful traders. Look at how many years of hard work has led to success. (21/n)

21) Don’t be a Gullible trader. If you look for shortcuts, someone will cheat you and make you a fool. (22/n)

22) Trading is like a sport. No return for years and then gives return of a lifetime. (23/n)

If my work has added any value to you - follow me and help it reach more people by retweeting the tweet shared below. (24/24)

https://twitter.com/swing_ka_sultan/status/1602139817592385536?s=20&t=toecoucabhzHTo48sJglag