Adani Ent FPO price is Rs 3276 (at the upper end of the price band), now it is trading slightly lower than that price.
Markets are waiting for initial subscription figures.
Meanwhile collateral damage seems to be more than the damage, BN is down more than 2000 points in 2 days.
The best trader in the world can lose the next trade.
The worst trader in the world can win the next trade.
1 trade is nothing. 1000 trades are everything.
That's why trading success is consistency.
"I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline."
~ Richard Dennis
Trading losses will bring all your irritations and habitual patterns to the surface.
But that's a wonderful moment... a moment of truth.
Do you keep feeding/re-enforcing the same patterns?
Or instead,
Do you rise above, create new neurological connections and reinforce that?
90% of traders can't control their emotions.
- They get greedy, they break their rules.
- They get angry, they go all in.
- They get depressed, they give up.
If you can control your emotions, you have an incredible advantage.
How to step up in trading
1. System creation
- Test
- Try
- Learn
- Repeat
2. Execution
- Trade your system
- Follow your rules
- Win/Lose
- Repeat
3. Scalability
- Set a weekly/monthly/quarterly target
- Reach it
- Increase it gradually
- Repeat