Friends , do not skip out the messages being posted today in this group , whenever you find time just take a note and paste it in your desktop

If you are into trading & making losses consistently & trying various ways to become a successful, you are not alone , as only 10 to 15% traders actually make money on the longer run

Should you feel happy about being with the majority ?

Nobody wishes to

Before we get to learn how the 10 to 15% traders make money , it's more important why 80 to 90% lose money in speculative trading

Lack of experience
Over Trading
No Proper Risk Reward
Lack of Knowledge
Get Rich Quick Attitude
Unrealistic Expectations
No Proper focus
Fear & Greed Factor
No Proper trade set up
No Proper trading strategy
Agressive trading ( put all money in a trade )
Trading on compulsion to make profits ( to pay emis , loans , fees )


And the list continues

80 to 90 % Needs transformation here

But only 10% of us have the acceptance to change

Yesterday in our poll I have asked how many risked 50 to 100% capital in a single day or single trade , majority answered YES

Simple solution what I gave was to park only 10% to 20% of your overall capital in your trading account & transfer rest to your bank account

Honestly speaking not even than 1% must have done that & why ?

Because majority believe more the capital more the profits , just think the other way around - more the capital can lead to more losses - Simple

Firstly a trader should spend a day or even a week to make a complete self evaluation about himself , his trading style / trading history ( verify the trade journal )

Identifying the root cause for your failure is the first step for your transformation

List down in a diary all the possible mistakes you have been committing knowingly or unknowingly

Firstly trust the data & the process

Any big trader whom you inspire today would have been in the same place one day you are sitting today

CHANGE - is the only option incase you wanted to get in to the 10% of the winning club

Like smoking , drinking , gambling - trading is an addiction , which is even more dangerous above all three

At times when things are not under control , never hesitate to visit a psychologist , spend a consulting fee of 500 to 1000 discuss your problem , seek solution & never hesitate in taking a help from a professional

In a speculative market not all the time trades may work as we expect

If you understand this reality - you have reached half way

Trading discipline is the key combined with your data analysis , trade setup , risk reward , etc

Nobody can teach you discipline

Before starting the day ask yourself what is the max am going to risk toddy 1 2 3 % based on your risk profile

Before getting into a trade ask yourself , if the trade worth it

If you have a over trading issue , let the capital remain in your trading account for a month & you be under control by not taking a single trade

Practise only can enhance us better

If you are not sure about the trades , step back , learn and start fresh

Please note - Don't simply lose money for any of the reason , as one day you may get the knowledge , develop your behaviour , but you will not be in the game

Hope Trade Presentation.pdf

Trading is all about

10% Buying
10% Selling

80% Waiting

This is purely a game of patience

Keep a watch of Open high on the Bank nifty before you make any trading decisions