I started intraday trading ,the very next day, I Was introduced to the stock market, and I started with small capital. I used to profit good money daily in the initial days of my trading career. But my profit decreased gradually, and finally, I quit up with more losses. Aftermarket, I used to refer to charts in which stock I had faced loss. I learned something new every time I committed a loss-bearing trade. At last, I realized that I knew nothing about the market. I thought to myself how I could take such a stupid decision of trading without learning. However, I was not among those to quit easily and accept failure.
Hence, I started reading books, online articles, attending webinars, watching you tube videos, hired mentors, and so on so forth. Finally, I realized that earning money from the market is not that easy.
EVERY TRADER DREAMS OF BEING RICH OVERNIGHT. But the fact is that very few percentages of the traders become successful in the trading career. Many of the people jumped into the business of money without knowing the mechanism of the market. If it is so easy, everyone would have left their job and started trading in the capital market to become a millionaire. I plead for your apology to discourage you.
Good news is that it is quite possible to be successful in day trading and make a living. Now the question is; how to earn a living doing intraday trading? Many traders wish to earn money without learning it well and end up failing miserably. They start spreading rumors about the market that it is not at all possible to earn money from it. Then where is the money gone that they have lost? At this point, let me tell you that the share market is where some people gain money because someone else has lost. If you are a science student, you might have heard of the first law of thermodynamics, “Energy can neither be created nor be destroyed.” The same law can be applied here also. Money keeps circulating among the trader fraternity. If you make a profit from the market, it means someone else has booked on the other side. Many people say that institutional traders are the only traders in the market. They might be correct to some extent. Then how do they earn? Aren’t they human beings? The answer is simple; they studied the market well. They have strategies to calculate the pulse of the market. They implant the trading psychology, and they do not allow any emotions into the market.
Trading psychology is the mental state and emotions of a trade or investor that decides the success and failure in trading of any asset classes. It is the emotional component of traders making the decision-making process that may help explain why some trades went wrong, and some are not. Trading psychology influences trader’s greed and fear.
Greed drives the trader’s decision to take too much risk, and on the other hand, fear influences the trader to avoid risk or to make little return.
TRADING IS TEN PERCENT SELLING TEN PERCENT BUYING 80 PERCENT WAITING
By the time of realization, I completely lost my capital.
But I came back strongly with my DATA READING AND STRATEGIES; my come back was more potent and perfect.
BIG BULL’S OR BIG BEARS ARE NOT BORN OR MADE OVERNIGHT. IT TAKES PATIENCE, DISCIPLINE AND CONSISTENCY TO MASTER THE ART OF TRADING