Read on Twitter
π§π’π£ ππ¬ π₯πππ¦π’π‘π¦ πͺππ¬ π¬π’π¨ ππ₯π ππ‘ ππ’π¦π¦
The thread is for those who are incurring losses and trying hard to breakeven. This will help you to introspect in which area are you going wrong.
Learning should not be contained,rather shared so make sure to #retweet
The thread is for those who are incurring losses and trying hard to breakeven. This will help you to introspect in which area are you going wrong.
Learning should not be contained,rather shared so make sure to #retweet
1.CONFUSED
You are confused if you are a fit for a day/swing trader or an investor. You pick up day trading but after a week you realise its hard and switch to swing trading. After 2 weeks you see a good scalper and try it but after 2 weeks you lose more. Confused,isint it?
You are confused if you are a fit for a day/swing trader or an investor. You pick up day trading but after a week you realise its hard and switch to swing trading. After 2 weeks you see a good scalper and try it but after 2 weeks you lose more. Confused,isint it?
2.UNREALISTIC EXPECTATIONS
The guy on twitter is making 3000%,that's inspiration!
That girl is making QnQ profits using derivatives,wow inspirational!
Ever wondered why NONE of the LISTED traders CONSISTENTLY never talked more than 50-60%p.a?
Set optimistic but realistic goals.
The guy on twitter is making 3000%,that's inspiration!
That girl is making QnQ profits using derivatives,wow inspirational!
Ever wondered why NONE of the LISTED traders CONSISTENTLY never talked more than 50-60%p.a?
Set optimistic but realistic goals.
3.KHATRON K KHILADI
Last time I had placed a stop loss in sys,operators triggered it.Before that I didn't keep,so stock after going down by 10% reversed and bingo,patience paid and I made 2%!
As long as bull market is going on,enjoy it. One bet like yesbank is enough to ruin!
Last time I had placed a stop loss in sys,operators triggered it.Before that I didn't keep,so stock after going down by 10% reversed and bingo,patience paid and I made 2%!
As long as bull market is going on,enjoy it. One bet like yesbank is enough to ruin!
4.STOP LOSS LOSS STOP
Just because you are putting stop loss doesn't mean your losses will stop.If your SLs are wide and positions are huge,it would just take one trade to wipe off all your 10 trade gains. Put stop loss based on your risk appetite and RR.
Just because you are putting stop loss doesn't mean your losses will stop.If your SLs are wide and positions are huge,it would just take one trade to wipe off all your 10 trade gains. Put stop loss based on your risk appetite and RR.
5.EINSTEIN
I checked RSI,Price Action,Option chain analysis,Global cues,Currency rates,Commodity fluctuations,fundamentals,Elloit,Gann and Harmonics,yet I failed!
Why to be an Einstein & make KATAPA
'Khichdi Analysis of Technical Analysis Paralysis AAchu'
..I mean keep it simple!
I checked RSI,Price Action,Option chain analysis,Global cues,Currency rates,Commodity fluctuations,fundamentals,Elloit,Gann and Harmonics,yet I failed!
Why to be an Einstein & make KATAPA
'Khichdi Analysis of Technical Analysis Paralysis AAchu'
..I mean keep it simple!
6.NOT MASTERING ONE SKILL
You start with chart analysis,mid way some one tells you OI is best you head there,then move to MA+some indicators but just coz some one tells you it doesn't work you switch gear.
Stop and MASTER any of these.
Money can be made in 100s of ways so relax.
You start with chart analysis,mid way some one tells you OI is best you head there,then move to MA+some indicators but just coz some one tells you it doesn't work you switch gear.
Stop and MASTER any of these.
Money can be made in 100s of ways so relax.
7.COPY CAT
Meooowwww..Trying to replicate someone else?
Trying to do a style just because you spent 50000 to learn it and even though its not working for u still trying hard coz your guru makes money with that?
Stop!No one became a good trader by copying anyone.
Pick your style.
Meooowwww..Trying to replicate someone else?
Trying to do a style just because you spent 50000 to learn it and even though its not working for u still trying hard coz your guru makes money with that?
Stop!No one became a good trader by copying anyone.
Pick your style.
8.LEARNING PARTIAL LEARNING
Read 20 pages of one book,watched 3.5 hrs of youtube and suddenly you feel like Thor,all set to take over the world. Wait a minute! Its not working that way.First spend a few months atleast learning,market isin't rushing away.
Read 20 pages of one book,watched 3.5 hrs of youtube and suddenly you feel like Thor,all set to take over the world. Wait a minute! Its not working that way.First spend a few months atleast learning,market isin't rushing away.
9.HULK POSITION
My broker gives me BOCO so I can trade 15x leverage. I switched to a new broker so that I can trade with 10x leverage on expiry day.
Fun part: I was making loss with 5 qty but I think with Hulk size position I can be a master!
CRAP!First work with small position.
My broker gives me BOCO so I can trade 15x leverage. I switched to a new broker so that I can trade with 10x leverage on expiry day.
Fun part: I was making loss with 5 qty but I think with Hulk size position I can be a master!
CRAP!First work with small position.
10.CHARGES
Trading so much that you don't even realise that you have to pay STT,30%tax,cess,audit(in crs),brokerage etc!
My friend made a few extra 0z more than me but I made more profit than him (NET) by saving taxes,charges and STT!At the end NET matters.
Who is smarter?
Trading so much that you don't even realise that you have to pay STT,30%tax,cess,audit(in crs),brokerage etc!
My friend made a few extra 0z more than me but I made more profit than him (NET) by saving taxes,charges and STT!At the end NET matters.
Who is smarter?
I hope the entire thread helped you to pause for a second and realize the mistakes you had been doing.
Everyone is so damn stuck in the cobwebs of Moh Maya that sometimes I have to come to rescue as Doc Strange to drag u all out.
As a thank you note,you can obviously RT
#AKAL
Everyone is so damn stuck in the cobwebs of Moh Maya that sometimes I have to come to rescue as Doc Strange to drag u all out.
As a thank you note,you can obviously RT
#AKAL
