- Need to learn the market first, just few indicators and mainly chart/Price reading...Learn and practice...( Don't depend much on indicators)
- Need to understand price patterns,
- Trade with only hedging
- Position sizing is very much important, Deploy max 30% of your capital, Balance 70% required for adjustments incase your trade go wrong
- Don't depend on others/Tips
- Emotion and conviction play major role
- If u r option buyer...stop immediately.. learn when to buy and when to sell options
- If future buyer/seller, don't forget to hedge your positions, FNO means future +Option.. must trade together as hedge.
- Wait for the perfect Entry/Exit, don't just jump-in, No position is also a position
- If trade goes wrong exit early...If profitable, keep trailing
How and when you become profitable? I am trading for about year now still losing, any suggestion?
How and when you become profitable? I am trading for about year now still losing, any suggestion?
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Thank you for you question you made me realize that maybe psychology is my problem. Because whenever I find strategy or learn them form YouTube or anywhere else. first I BackTest them if I get good enough win to lose ratio then i start trading with that strategy i do this for few days until i start losing. Once i start losing money i lose my fate in that strategy. then i start to look for new. and then cycle repeats its self.
actually what am looking for is a Great strategy that i can "Trust".