Date: 07-03-2020
SUBJECT: 10 PRINCIPLES TO BE A SUCCESSFUL TRADER / INVESTOR
IN STOCK MARKET
Hey My Brothers & Sisters, How are you all? Hope everyone is doing good.
Hope your week spends Good, It's weekend time and we have Received many Requests to make a Blog on How to be a Successful Trader / Investor in stock market? So we are going to make this Blog on Public demand and will give you some principles to apply while Trading / Investing in stock market. So that you can be a successful trader by applying the Principles.
So Let's Start for our today's Subject How to be a Successful Trader / Investor in stock market?
First Let's see at the common question asked by People to us.
1. Why I can't make a Consistent money from Trading?
2. Why my Stoploss triggered before my Target?
3. Why my Selected stock doesn't worked perfectly with my strategy?
4. Why the strategy didn't worked for me?
5. Learn me the Simplest strategy ever to Apply with stocks.
6. I don't want to learn any course, I want to just earn.
7. Can i make a Stock market Trading as a carrer?
And So on...
So I am here to give answer in this Blog of all your Questions.
So Without wasting time let's Start with the Principles.
1. The First and Important thing for Trading / Investing is to Learn it from the Masters.
As we all know friends that Each and every field in the world is Required proper Learning. No matter in which field you are going to study or Job or Business. We have to study / Learn for almost 15 years to get a Job/ Business what we want, So How can you expect the Money from the Trading without a learning the Analysis. Yes, Learning is the Most important part of the Trading, You may be getting Bored at the Time of Learning of the Trading or Investing, But when you get it properly and Apply it with the Trust, You can make it a source of your Regular Income. But a Narrow Minded people always wants to Earn money from the Stock Market without any Learning, Without any Experience, Without any Guidance and then Wipe out there capital. Then they will start to learn, So why you Don't learn first, Then think to earn. I think it's better than Wiping out the Capital without by entering in Market without Knowledge.
Posting an Image Below to Explain this thing, Just answer it in Comments.
Any Guesses? Reply In Comments.
2. TRADING IS NOT A GAMBLING.
As most of people says everytime that Stock Market Trading is all about a Gambling, Yes It's Gambling for them whose Don't get any Knowledge first, Enters without any Guidance, And put their money in the Trading with the Cross fingers that It may work for them. No, Not at all. If you are thinking that you can earn money by Gambling in stock market, Just do it once, and Market will show you that Who is the King of Gambling. That's it. So before you say that it's Gambling, Just Ask them whose learns it and Doing the trading by the Proper Technical Analysis and earns money. You have to Master the skills that can make you a self dependent Trader for a Life.
3. DO NOT TAKE A CALLS FROM ADVISORY.
You may Stuck here in this Principle, Because I am by own Providing a calls to clients and Telling you to Don't take calls from Advisories. Okay Let me explain first What i want to say?
There isn't any wrong thing to take calls from someone, But Instead of Taking calls from someone, Learn the skills can make you a self dependent trader for a Life. You can join the Advisories, But join them Whose Providing you a learning of the course first, Then go for calls, so you can Understand the Strategies and after your Tenure of calls get expired you can trade by Own. You shouldn't need any Advisory to make a calls for you. OUR MOTTO IS TO MAKE EVERYONE A SELF DEPENDENT TRADER, THAT'S WHY WE ARE PROVIDING LEARNING FIRST AND THEN ASK TO TAKE AN ACTION ON CALLS WITH STRATEGIES.
4. MAKE YOUR TRADING PLAN AND STICK TO IT.
The Trading plan is Most Important part of Trading, Which is gives you a Entry, Exit and Stoploss Predefined. Many Traders jump into the water without Understanding the depth of market or without Planning. Our special advice to everyone that First make a Plan (Strategy) which can be Reliable to you with Applying it and Understanding it. And the Main thing is to Stick the Plan, If you Tested it 10 times and you got success by 6-7 times then your Plan is perfect Initially, After getting your mistakes about it you have to Make it perfect by using more and more, Trade low as Initial part of the Plan, Then you will get Expertise in your plan, Then and only then increase your capital and Quantity.
5. BEING WRONG OR LOSE MONEY IS OKAY.
During applying your Trading plan you may lose Money by made Mistake in the Plan, But Don't make it a Habit, You can correct the Mistakes and then apply it again in Trading, Being wrong isn't the End of Journey, Yes you can be wrong, Afterall you are a Human, Not a GOD. So Being wrong or Losing money is a Part of Trading, You have to correct the Plan and can change the Results by doing the same. In short we wants to say that "Lose a Battles, Win a War"
6. ALWAYS TRADE WITH STOP LOSS.
We heard from Most of people that Why i should put a Stoploss when i am Confirmed with my Strategy? Yes, you are confirmed with your strategy, But By chance someday it doesn't work and Your Trade goes to the Opposite side from your Buy/Sell price. Then what will you do? I am saying what will you do, You will just cross your fingers and then Pray to God that It's come back to your levels and will exit at Cost to cost. But it won't happens and by Doing the same mistakes Many of Traders are wiped out the capital, By Placing Stoploss you can Control your losses. Making losses is fine, But Control the Losses is an Art of Trading. So Never trade without the Stoploss.
7. KNOW YOUR RISK MANAGEMENT.
Risk management is there for us to know our Risk and Reward ration in the Particular trade. Before entering into the trade first Know your Risk and Rewards about it. Calculate your Percentage of the Risk and Rewards. Then Jump to the Trade. If you Don't know your Risk about the Trade, then Don't jump into Directly.
8. DON'T OVERTRADE /DON'T TAKE OVERLEVERAGE
Never Do Overtrade, Because it will make forgotten you about your Risk Management, Strategy and your Analysis, For Example if you have done one trade and gets the loss. And you will do some more trade without any Analysis, Just because of you want to recover your Losses you want to Trade more. And it will Results you a Tiredness, for yourself and your money too. So Take time to Develop the Strategy and rules to make it Perfect.
Second is Overleverage means that Sometimes Overleverage getting forget us about our Risk management before entering into the Trade, Yes you will buy once a More and More quantities with the Leverage, But after that you can't control your Risk management, First you have to Analyse your Risk management, then Count your Leverage and Quantities, Then enter into the Trade.
9. KEEP YOUR EMOTIONS AWAY FROM YOU
& BE PATIENT
During trading a people mostly we have seen that the Lack of Patience and Due to Emotions they are even can't wait for their Predefined Targets, Our special advice that when you are seat to trade with your system at that time keep your emotions at your doorstep and then go ahead. Because your emotions won't be you a perfect Trader, and Because of that you will Lose more and more. So first Learn to be patient during trading and keep away your emotions.
10. TRADE WITH A CLEAR MIND
Make a trade when your mind is clear to think about your Strategy and Risk management. Because sometimes even there is small Issue happened to you is totally makes your Mind Frustrated during the Trade. So Trade only when your Way of thinking is cleared so far.
SO THESE 10 PRINCIPLES ARE HERE AND YOU CAN APPLY IT WHILE TRADING TO BE A SUCCESSFUL IN
So that's it for this Blog guys, Hope you Like our today's Content and Hope it Helps you to be a Trader / Investor.
Comments and Feedback are Always appreciated.
Either Good or Bad, No Matter.
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Hope everyone will do good, Take care of your Parents. Remember us in your Prayers.
Thank you,
Expert Traders Team,
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