Are you suffering from "Need to Be In a Trade" Syndrome
Common Reason for Losing money by most of traders is , We make money is 3-4 trades but lose it all in next 1-2 trades.
Trying to be in trade all the time is one of the main reason of not
being a profitable trader. Most of the trades want to take part in all
market moves and if they get correct 2-3 moves they become overconfident
and start going easy on their trading discipline and lose all or
majority of profit. The viscous cycle keep on repeating again and again.
The most important trait a trader needs to develop is to know when to be in market and when t be out. There are times that we need to sit on the sidelines as the markets may not doing what we anticipate. This could occur because the markets are moving sideways as in current scenario, Nifty is stuck in 200 point range from past few sessions.
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The most important trait a trader needs to develop is to know when to be in market and when t be out. There are times that we need to sit on the sidelines as the markets may not doing what we anticipate. This could occur because the markets are moving sideways as in current scenario, Nifty is stuck in 200 point range from past few sessions.
Why traders suffers from Need to Be In a Trade
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