Experience 14
Are you an open-minded person? or Market-minded person?
First of all, We should know the difference between open-minded and market-minded.
If you take a long position, and wait for the prices to go higher, But prices are not going higher as you desire.
in this situation, What are you doing? Howmuch time can you wait?
So i already told about the trend reversal point. now your price is coming below the trend reversal point and still you are holding your long position and think that market will come up again...Then, you are purely a Market-minded person. This is also called a "bias-trading". I surely say, you cannot win if you are a market-minded person.
Winners are also having open-minded attitude. Whenever the trend changes, they are ready to book the loss and trade with the trend. They are always flexible. They are purely riding with market trend for every ups and downs. So they win.
Bias-Trading can be suitable for long term investors for more than one year. But we are trading in MCX futures. This is not the investment product. this is just a trading product. So we are not going to take delivery.
So Newbies should be a open-minded person to get the constant winning in their trades. Accepting the loss is the best strategy whenever the trend changes against you. if you did not accept, market will throw you outside.
Be ready to take quick decision whenever the trend changes against you.
So come with market with open-minded attitude. everyday is the newday. everyday is the new trend. so dont be like a bias-trader. This advice is for the newbies only.
if you are making profit with bias-trading, this post is not for you. dont mistake me
Are you an open-minded person? or Market-minded person?
First of all, We should know the difference between open-minded and market-minded.
If you take a long position, and wait for the prices to go higher, But prices are not going higher as you desire.
in this situation, What are you doing? Howmuch time can you wait?
So i already told about the trend reversal point. now your price is coming below the trend reversal point and still you are holding your long position and think that market will come up again...Then, you are purely a Market-minded person. This is also called a "bias-trading". I surely say, you cannot win if you are a market-minded person.
Winners are also having open-minded attitude. Whenever the trend changes, they are ready to book the loss and trade with the trend. They are always flexible. They are purely riding with market trend for every ups and downs. So they win.
Bias-Trading can be suitable for long term investors for more than one year. But we are trading in MCX futures. This is not the investment product. this is just a trading product. So we are not going to take delivery.
So Newbies should be a open-minded person to get the constant winning in their trades. Accepting the loss is the best strategy whenever the trend changes against you. if you did not accept, market will throw you outside.
Be ready to take quick decision whenever the trend changes against you.
So come with market with open-minded attitude. everyday is the newday. everyday is the new trend. so dont be like a bias-trader. This advice is for the newbies only.
if you are making profit with bias-trading, this post is not for you. dont mistake me