LOSS IS NOT A LOSS WHEN IT'S MANAGEABLE.
FEAR COMES WHEN YOU DONT' KNOW THE RISK. MAKE AN ESTIMATE ON YOUR LOSS AND ACCEPT THE LOSS BEFORE YOU START, YOUR FEAR IS GONE.
WHAT IS THE NEWS DOES NOT MATTER. HOW MARKET (INDEX) REACT TO THAT NEWS MATTER.
EVERY PRICE DORP IS AN OFFER TO BUY MORE ON GOOD STOCK. EVERY PRICE DROP IS AN OPPORTUNITY TO EXIT ON A BAD STOCK.
- Invest only on stocks which you are convinced with fundamental/technical/market direction.
- Take baby steps when you start with a stock.
- Study fundamentals, and monitor the stock for few days before start with a new stock.
- Respect stop loss and accept loss. Don't over react.
- Look on bigger picture and smaller picture before taking decision. (1M/1W/1D/1H/30m/5m/1m)
- Don't take action based on news or heard something.
- Don't pick on Support and resistance. Wait to know the direction.
- Use MACD/200DMA/50DMA/20DMA/6DMA/Heikin Ashi.
Always respect market do trade only with market direction
Never over trade many trader loose money by leveraging
Do not lose more than 3% of capital in single trade
Always put stop loss
Always watch trend for some time before doing trade.
Don't give ear to rumours.
Always do little homework before doing trade and trade only in share which you knows.
Always book profit as well as loss.
Majority days the trading range will range will below so do not wait for big return on single day
Market is always right you are wrong.
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