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Thursday, 2 January 2020

General Trading Guidelines

Golden Rules to Live Joyfully in Stock Market Game
As the word ‘ game ’ used here is not for a fun…  really stock market is a game, any game it should have some rules without that it cannot grow and sustain for longer, so the Rules for Stock Market game is a must.
You do not enter in to  the Stock Market because of compulsion or someone would have told to do so; you think twice… think thrice before entering into the Stock Market …once enter  then do not look back 
• Rules are Mine …I am responsible for my act..I must able to respond any situation
• Be calm.. Keep your mind peaceful while trading  and Be patient  … always  patience pays you the reward
• If, You are disturbed mentally,  do not engage the trade ..  it will fail
• Keep Positive thinking will hold you in the game.. Negative thinking neglect you from the game
• Close your eyes, ears & mouth too.. Business Channels, Dailies, rumors about stock market will make you polluted
• Have faith in your system and  trading levels, your stop loss and the target levels …   trade accordingly
• Greed and Fear are two sides of the coin in Stock Market failure – You must ignore it
• Always Trade with Stop loss (Try to restrict the risk/loss)
• Cut the loss when it little and  Ride the profit carefully and book your profit then and there
• Emotional trade makes you sick and disappear you from the game and Ego is the direct enemy for stock market game
• Do not borrow money to trade/ invest in share market
• Don’t Trade on Free Tips/Rumors and don't ask any free tips or advice to any one
•  Protect the capital is foremost then making profit.. it is secondary
There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.
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The reason why people give up so fast is because they tend to look at how far they still have to go, instead of how far they have come.
Before you … … start a trade, check if entry criteria are met … place the order, calculate the position size … submit the order, set a stop loss level … exit a trade, check if exit criteria are met Follow a #trading process, not emotions!
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