Joined January 2013
23 Photos and videos
Fear of losing is the #1 reason you are losing money. 6 steps to decrease fear while you trade:
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Hemanth DN retweeted
27 Jan 2023
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.
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Swing trading = 100% Patience Scalping = High focus Fast execution Day trading = Mixed Focus on your skills, maximize your success.
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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.
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Trading is a game of probability. You win. You lose. Over and over. Only the long term will define your trading success.
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Never stop managing risk. The market is always ready to kick you hard. Remember that the #1 trading goal is to survive.
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Hemanth DN retweeted
"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
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Not getting angry after a loss is the most useful skill you can learn.
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The most difficult part of becoming a successful trader is not making money, It’s learning how to change your mindset.
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Hemanth DN retweeted
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?
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90% of traders think trading is an IQ game. 10% of traders know trading is a psychology game.
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History is written by traders who never give up.
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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.
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Most traders are afraid of trading. Successful trading is probability execution confidence infinite repetition. If you're afraid, you will lose.
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You become a very dangerous trader when you learn how to trade fearlessly.
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Never forget you can destroy everything with one trade.
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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
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Was able to catch the fall in parts. Before the fall the mtm was 2L
Hemanth DN retweeted
There is no greater enemy than the uncontrolled mind.
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