These 29 principles of trading are no less than a holy grail !
A thread 𧡠:
Idea credits / @NickSchmidt_
A thread 𧡠:
Idea credits / @NickSchmidt_
1/
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
The amount of time you spend in the market trading/investing will always give you more insights than reading 100s of books
2/
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
If you treat markets as a sole income generator, your chances of underperformance due to compulsion of income generation will always be higher !
3/
4-5% a month is always better than chasing unlimited downside risk strategies that promise you 40-50%
4-5% a month is always better than chasing unlimited downside risk strategies that promise you 40-50%
4/
Your chances of making money in a stock sitting near 52wk high will always be more than a stock sitting at 52wk low
Your chances of making money in a stock sitting near 52wk high will always be more than a stock sitting at 52wk low
5/
It is not about the % move in a stock but about the size of portfolio with same risk
It is not about the % move in a stock but about the size of portfolio with same risk
6/
Trades can be copied, risk management cant !
Trades can be copied, risk management cant !
7/
The more you fear about losing money the more likely you are to lose it
The more you fear about losing money the more likely you are to lose it
8/
As a trader your responsibility is to manage risk. The reward part is with the market.
As a trader your responsibility is to manage risk. The reward part is with the market.
9/
A trade that you fear to jump in is more likely to be a rewarding one going ahead.
A trade that you fear to jump in is more likely to be a rewarding one going ahead.
10/
Always take a trade with a fresh mentality to manage your risk and not to recover your losses.
Always take a trade with a fresh mentality to manage your risk and not to recover your losses.
11/
The holy grail in momentum is 200DMA
The holy grail in momentum is 200DMA
12/
One wrongly managed trade can take away your gains of past well managed trades
One wrongly managed trade can take away your gains of past well managed trades
13/
4% a month for the next 18 months doubles your money !
4% a month for the next 18 months doubles your money !
14/
The more you are with the trend the more likely you will be rewarded
The more you are with the trend the more likely you will be rewarded
15/
Only a liar and god can help you catch tops and bottoms, if you managed to catch one you could be lucky
Only a liar and god can help you catch tops and bottoms, if you managed to catch one you could be lucky
16/
Every good trader is always a bad trader who learned to manage risk over the time
Every good trader is always a bad trader who learned to manage risk over the time
17/
If you think you are the greatest trader, you are less likely to be a not. Market is the greatest trader who trades experience with money and money with time
If you think you are the greatest trader, you are less likely to be a not. Market is the greatest trader who trades experience with money and money with time
18/
A successful trader should neither be sad nor be happy on a winning or a losing trade
A successful trader should neither be sad nor be happy on a winning or a losing trade
19/
As a trader regular homework to scan stocks can take you places than any software can ever
As a trader regular homework to scan stocks can take you places than any software can ever
20/
Far more money is lost in anticipation than in actual trading
Far more money is lost in anticipation than in actual trading
22/
Donβt try to find the next multi bagger, try to find the next mover where your bag is heavy !
23/
Following one system 100 times will give you more money than following 100 systems 1 time.
24/
Donβt try to catch every move, rather try to catch a move that everyone didnβt
Donβt try to find the next multi bagger, try to find the next mover where your bag is heavy !
23/
Following one system 100 times will give you more money than following 100 systems 1 time.
24/
Donβt try to catch every move, rather try to catch a move that everyone didnβt
25/
200ma is also called as the mother of all averages
26/
Chase momentum not sentiment
27/
No software can give the results of stock scanning manually
28/
The most difficult part of a trade is to wait
29/
As a trader the most under rated thing is exit in a trade.
200ma is also called as the mother of all averages
26/
Chase momentum not sentiment
27/
No software can give the results of stock scanning manually
28/
The most difficult part of a trade is to wait
29/
As a trader the most under rated thing is exit in a trade.
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