Successful Day Traders Secrets

When a trader takes a trade,  they experience wide range of emotions from panic in case trade is nearing stop loss to Greed when trade is nearing  target thinking "Aur upar jayega abhi Hold karo"
This attitude of trade lead to looses. Yesterday ie. Budget Day many traders did not book profit when Nifty/stock were rising , thinking FM will deliver a growth oriented budget and were forced to move out of trade when margin calls were triggered.  Self-discipline and emotional control are keys to success, which none of us are born with.
One of the top three things that will determine the success of a trader is the trader’s psychology, the weakest part of any trading plan is the trader and stress can knock a trader out of trading faster than anything else. You have to trade like it is a business. Realize that it is highly probable that half of your trades will be losers the money will be made by the half that are winners being bigger than the half that are losers.
 Losing money is never ..

Continue Reading