Manish9300 Trading Journal

[manish9300]

This thread is where i will post all good trading ideas,advices,concepts that i discover or learn at this forum....and maybe my model trades plus my real trades.

 

[manish9300]

Sound advice from TechTrendCapital

Good to know that you are planning to take it fulltime ... remember few important things before taking the plunge

1. Keep a contingent plan atleast for 12-15months ... meaning, calculate your expenses and keep enough liquidity to serve you for 12-15months. This will take the pressure off from your trading

2. Depending on your strategy, try to be slow & rocksteady. Dont rush into things

3. V IMP: Take trading as business and not as a tool to become millionaire overnight ...

4. Follow money mgmt & strategy with highest discipline

 

[arupkc1]

Hello Manish,
I am an intra-day trader and most of my money have drained out by doing this. However, your advice "V IMP: Take trading as business and not as a tool to become millionaire overnight " is very appealing and I realise it perfectly but to recover my earlier losses I am trying to get more and thereby lost the already earned on that day. Please advise accordingly.
Regards,

 

[manish9300]

hi there,
That was techtrendcapital's advice to me so credit really goes to him:thumb:.

I am also like you ,still struggling to become a profitable trader . My suggestion to u is to go through all the threads on this forum.There is tons of information hidden in older threads so u have to do a lot of digging but trust me its worth it .This is really a great site for traders. Thats all i can say for now.

all the best,
manish9300