@basha502
I always was inspired by quotes of never giving up and in this field you always feel you are missing out on something and maybe some different strategy could work which should make you money...but the truth is nothing works for trader who accepts losses..
@Raj232
Bro do you think in my 12 years of hardcore trading I would have missed out on anything...I have traded equity,futures,options,commodity,currency and must have tried every single strategy and the only money I made was in equity which was my own money and not leveraged...leverage kills
Stock market is invented only for long term investments and for high frequency market makers buying bids and selling offers making money on minor price discrepancies...such fast trading cannot be done by retailers..Retail traders can only make money in Equity by buying and selling at higher prices..if it goes down hold it and once it goes up even after a month or few months you can sell at higher prices and make profit as anything which is sold in less than a year is Trading...you are still a trader and not investor...Never use any kind of leverage..Trade with only your own money as if in loss you can convert that position into delivery and hold it for few days or maybe months...
Some traders would advocate using leveraged money as they feel they can play smart with market by using stoplosses..and limiting their risk to 1% or 0.5%...Any kind of loss is still a loss and these small small losses accumulate overtime and in the end you lose everything or you only make your broker and exchange rich..
Do not try to outsmart the market..hold your losing stocks for some time..stocks eventually moves up..This way you will never lose money..Always diversify and trade in 5 to 10 stocks and trade in only good companies..
Stay away from futures and options.....it's not for retailers..
Finally, always remember cash is king of the market..trade with only your own money and not borrowed money..
Had i followed this simple advice I would have been rich today or atleast wouldn't have lost money but I wanted to be super rich and always traded on leveraged money f&o and today I am super poor because of my greed...Just to cut it short...Never take loss and you can do this only when you trade with your own money...Never quit your job and invest every month..Happy Trading if you still want to do it !!
I always was inspired by quotes of never giving up and in this field you always feel you are missing out on something and maybe some different strategy could work which should make you money...but the truth is nothing works for trader who accepts losses..
@Raj232
Bro do you think in my 12 years of hardcore trading I would have missed out on anything...I have traded equity,futures,options,commodity,currency and must have tried every single strategy and the only money I made was in equity which was my own money and not leveraged...leverage kills
Stock market is invented only for long term investments and for high frequency market makers buying bids and selling offers making money on minor price discrepancies...such fast trading cannot be done by retailers..Retail traders can only make money in Equity by buying and selling at higher prices..if it goes down hold it and once it goes up even after a month or few months you can sell at higher prices and make profit as anything which is sold in less than a year is Trading...you are still a trader and not investor...Never use any kind of leverage..Trade with only your own money as if in loss you can convert that position into delivery and hold it for few days or maybe months...
Some traders would advocate using leveraged money as they feel they can play smart with market by using stoplosses..and limiting their risk to 1% or 0.5%...Any kind of loss is still a loss and these small small losses accumulate overtime and in the end you lose everything or you only make your broker and exchange rich..
Do not try to outsmart the market..hold your losing stocks for some time..stocks eventually moves up..This way you will never lose money..Always diversify and trade in 5 to 10 stocks and trade in only good companies..
Stay away from futures and options.....it's not for retailers..
Finally, always remember cash is king of the market..trade with only your own money and not borrowed money..
Had i followed this simple advice I would have been rich today or atleast wouldn't have lost money but I wanted to be super rich and always traded on leveraged money f&o and today I am super poor because of my greed...Just to cut it short...Never take loss and you can do this only when you trade with your own money...Never quit your job and invest every month..Happy Trading if you still want to do it !!
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