Read on Twitter
10 tweets that will teach you more than a 49,999 course.
#TradingSuccess #tradingpsychology #OptionsTrading #nifty #banknifty #finnifty
👇
#TradingSuccess #tradingpsychology #OptionsTrading #nifty #banknifty #finnifty
👇
1. Technical indicators are overrated, Market doesn't care about them.
Price action and volume is what feeds into indicators.
Price action and volume is what feeds into indicators.
2. Stick to 1 strategy. Don't do strategy hopping.
Successful trading is all about doing the same thing over and over again.
Successful trading is all about doing the same thing over and over again.
3. Be Patient, Don't think short term.
Trading is a long-term game, and success requires patience and perseverance. Don't get discouraged by short-term losses or setbacks. Stay focused on your long-term goals.
Trading is a long-term game, and success requires patience and perseverance. Don't get discouraged by short-term losses or setbacks. Stay focused on your long-term goals.
4. Practice Money Management
Manage your capital properly and allocate your funds wisely. Don't put all of your capital in one trade, and diversify your portfolio to spread your risk.
Manage your capital properly and allocate your funds wisely. Don't put all of your capital in one trade, and diversify your portfolio to spread your risk.
5. Say no to paper trading.
When real capital is not at stake, real emotions don't come out.
When real capital is not at stake, real emotions don't come out.
6. Keep a steady alternate income.
I work full time and still do trading..
Having an alternate income can provide a safety net, allowing traders to continue meeting their financial obligations even if they experience losses in their trading activities.
I work full time and still do trading..
Having an alternate income can provide a safety net, allowing traders to continue meeting their financial obligations even if they experience losses in their trading activities.
7. Take breaks
Trading can be stressful, and it's important to take breaks to avoid burnout. Take time to relax and recharge. Reward yourself by taking a payout from the profits and spend that amount on yourself/family.
I do this every quarter.
Trading can be stressful, and it's important to take breaks to avoid burnout. Take time to relax and recharge. Reward yourself by taking a payout from the profits and spend that amount on yourself/family.
I do this every quarter.
8. "Trend is your friend"
Buy strength and sell weakness.
Watch which stocks are green while the market is red, there is probably some good institutional buying going on there.
Buy strength and sell weakness.
Watch which stocks are green while the market is red, there is probably some good institutional buying going on there.
9. Write options
Majority of the big traders, institutions, hedge funds, banks pretty much every big player in the market sells options.
Collect premium and make money every week.
Not denying the fact that option buyers don't make money but big players sell options.
Majority of the big traders, institutions, hedge funds, banks pretty much every big player in the market sells options.
Collect premium and make money every week.
Not denying the fact that option buyers don't make money but big players sell options.
10. Risk management is the only holygrail.
Risk management is crucial in trading. Use stop-loss orders and limit orders to manage your risk, and never risk more than you can afford to lose.
Risk management is crucial in trading. Use stop-loss orders and limit orders to manage your risk, and never risk more than you can afford to lose.
Thanks for reading. Follow me!!
@THEH0NESTTRADER
to learn trading tips from an experienced trader.
Likes + RT's appreciated📷❤️
@THEH0NESTTRADER
to learn trading tips from an experienced trader.
Likes + RT's appreciated📷❤️
Note :
Apart from self learning, my trading learning curve was shortened because of few successful traders present on twitter.
It would be bad on my part if don't give due credits to them for my success.
Follow them
@kirubaakaran @vishalmehta29 @madan_kumar @DestinedMusk
Apart from self learning, my trading learning curve was shortened because of few successful traders present on twitter.
It would be bad on my part if don't give due credits to them for my success.
Follow them
@kirubaakaran @vishalmehta29 @madan_kumar @DestinedMusk
• • •
Missing some Tweet in this thread? You can try to
force a refresh
