Hi friends
The new trader finds the following problems as he starts trading.
1.He buys stocks. price starts falling and continues falling.
2.Somebody gave a tip short the share SBIN. he shorts it. sbin SHARE STARTS SHOOTING UP.
3.He looks for estimating risk & reward. he reaches nowhere.
4.He feels that market knows his every move before he start trading.
be it buy be it sell he always looses money.
5.IN a market that can move only for Rs 150, he is trying to make a profit of rs 400. in his waiting for impossible profits,he looses the profits he already has in his hand and finally ends up in a loss. Can you call this greed?
why this phenomenon repeats again and again?
He looses money & adds more money into his account.
he attends one day (6 hour technical analysis course) for rs 1000.he learns
6 indicators like RSI(BAAP OF THE MARKET),MACD(MOM of the market),stochastics(sakuni),MFI,CCI,RS.
hE IS IN FACT GIVEN GURANTEE OF 7% A MONTH OF PROFITS.
HE goes home starts applying and nothing seem to work.
he joins forums-finds 90% of traders just trade only to fail again & again. only 10% traders succeed.
HE STARTS DIGGING THE MOUNTAIN TO FIND THE ELUSIVE EVASIVE FACTS-THE RATS.
-------------------------------------------
From this losses,desperation,frustration,,how can you lead him into positive feeling of success?
think.
have something what traders normally miss,ignore? point it out.
QUOTE
When canadian scientists discovered INSULIN in 1906,the medical world thought the Diabetes puzzle is resolved. After 89 years new generation of researchers found another vital component that stays next to insuline and works so hard to get it distributed right,fast,effectively exactly where required.
Ok what is special about above events?
When you make mistake in step 1 of a 20 step equation,you have Only one way-go back to step 1 and rectify or else you problem never gets resolved.
Admit the mistake.rectify it.
Markets are no different.
IF you go without guidance with overconfidence and loose all the money after you overtrade.
you look at same indicators same charts that are looked at by over 20 lakh traders-you become that goat which turned left when it saw the first goat of the herd turned left by random occurrence.
what does this mean?
cant think??? then dont trade .
The new trader finds the following problems as he starts trading.
1.He buys stocks. price starts falling and continues falling.
2.Somebody gave a tip short the share SBIN. he shorts it. sbin SHARE STARTS SHOOTING UP.
3.He looks for estimating risk & reward. he reaches nowhere.
4.He feels that market knows his every move before he start trading.
be it buy be it sell he always looses money.
5.IN a market that can move only for Rs 150, he is trying to make a profit of rs 400. in his waiting for impossible profits,he looses the profits he already has in his hand and finally ends up in a loss. Can you call this greed?
why this phenomenon repeats again and again?
He looses money & adds more money into his account.
he attends one day (6 hour technical analysis course) for rs 1000.he learns
6 indicators like RSI(BAAP OF THE MARKET),MACD(MOM of the market),stochastics(sakuni),MFI,CCI,RS.
hE IS IN FACT GIVEN GURANTEE OF 7% A MONTH OF PROFITS.
HE goes home starts applying and nothing seem to work.
he joins forums-finds 90% of traders just trade only to fail again & again. only 10% traders succeed.
HE STARTS DIGGING THE MOUNTAIN TO FIND THE ELUSIVE EVASIVE FACTS-THE RATS.
-------------------------------------------
From this losses,desperation,frustration,,how can you lead him into positive feeling of success?
think.
have something what traders normally miss,ignore? point it out.
QUOTE
When canadian scientists discovered INSULIN in 1906,the medical world thought the Diabetes puzzle is resolved. After 89 years new generation of researchers found another vital component that stays next to insuline and works so hard to get it distributed right,fast,effectively exactly where required.
Ok what is special about above events?
When you make mistake in step 1 of a 20 step equation,you have Only one way-go back to step 1 and rectify or else you problem never gets resolved.
Admit the mistake.rectify it.
Markets are no different.
IF you go without guidance with overconfidence and loose all the money after you overtrade.
you look at same indicators same charts that are looked at by over 20 lakh traders-you become that goat which turned left when it saw the first goat of the herd turned left by random occurrence.
what does this mean?
cant think??? then dont trade .
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