Even the best of traders give up on their trading plans when trends fall out of their expectations. For instance, when there’s a downturn, they leave their long – held position; or in booms, they make investments that weren’t in their itinerary. Read more
There are only a handful of windows to the ever – so – golden wisdom of “Invest in stocks for long term”. Diwali is one such escape when investors look to leverage the market hype with short – term investments. So it’s quite unsurprising to see the big dips and rallies during this season. Trading sideways and outperforming expectations, Nifty has already registered a new all – time high of 10191.90 Read more
Generally, there are no hard-hitting rules to succeed in stock trading. However, consistency is a factor that comes closest to being that rule. Ask any successful trader and you would likely get the same answer with minor differences….. Read more
On many levels, stock trading is all about being positive – positive about the market and your own strategies. Sadly, even with this being an important key for success, many new traders not only are devoid of it but they also completely overlook this aspect. Read more
“Don’t get carried away… it will come down.”
Down the line, when new traders find their comfort with the market basics, they are supposedly given a rule that follows a law that of Physics—what goes up must come down.
Stock that goes up must come down, says and believes many.
While a decade back the theory had less contention, not today. With the surge of analytical tools and technologies, more and more figures have surfaced to prove that this is simply a myth based out of someone’s “practicality” and “safe playing”.
“I don’t know how to do it…”
However urgent or rewarding the next step is, as humans, we never run out of reasons. We know stock trading is one of the best investment avenues and it vouches big rewards. Sadly, majority of people obstruct this journey from the go, claiming they don’t know how to trade. This lack of confidence and reluctance to learn comes from the well-conformed myth that you must be a genius to be an ace trader.
“I don’t want to invest in the stock market, it’s too risky!!!”…. “Let’s make some quick money in the stock trading.”
These are two extreme-ended myths that, sadly, majority of people still believe to be true. In particular, the beginners, who either avoid trading because they know less or know too much to “hack” the system with super-human ability. Not that it’s a blatant lie—trading is risky and, on the other hand, it does offer big returns. But the notions that have shaped these narrations are totally wrong. They have spurred from the lack and inconsistency of the right information.
The idea – proliferated by countless books and articles – that successful traders are more intelligent and big risk-takers is nothing but completely flawed. And this fictitious belief is the first stumbling stone for the new traders on the path to higher returns. Many of them start their journey with certainty that they would need to be genius at the technical-end.
Are you new to trading? How are you trying to match (and learn from) the habits and lifestyle of successful traders?
“How much money can I make as a stock trader”—this is the foremost question that almost every new trader asks. And it’s a legit question. After all, few would want to take the hassle and risks of trading when the return isn’t up to the expectations.
Sadly, as straightforward as the question is, its answer isn’t. So if you’re looking for a clear-cut, definite figure, it doesn’t exist. Return from your trade is only as high as your smart strategies. The more calculated and informed your moves are, higher will be the return.
When it comes to stock trading, no strategy or amount of planning is ever perfect— be it that of beginners or professionals. So losing money everyday isn’t much of a surprise. However, the experienced traders are much closer to that optimal threshold than the rookies. Meaning, they lose less money when compared to that latter group.
What kind of stock trader are you? Do you follow the best trading practices? Do you apply a stop-loss and take-profit? Do you do short-term or long-term trading? Do you use margin? Do you have a sound risk management strategy?