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What is the ultimate secret of stock trading?

So, need to know the secret?
Sorry, but there isn’t any. Though there are some principles, advice i can share out with you based on my experience. Have a look, might be helpful for you. Let’s begin:-
Why do people lose money?
Simply because the game is hard or out of ignorance or from lack of discipline or because of emotional and mindless trading. Actually markets are set up so that most traders must lose money. Don’t ride an emotional roller coaster. Before entering any trade be clear with yourself, have a plan. A proper set up. Don’t simply buy or sell. You are in the market for living, so respect it. Respect the capital you have.
You know where we go wrong in market?
In the process of catching the top and bottom. Never try to catch it. You might be lucky once but the other time you will just end up blowing your account. Let it settle at some point & then plan your trade. Trade the structure. If not structure, let me help you out with one simple strategy. Learn to trade impulsive candles. Let me show you







I know most of the people short these candles in the believe that as it has gone up, it will come down. Never do that. I said never. You don’t know when it gonna come down. In fact go with the trend. Let it take a break at some point and then see how it is moving. If you find consolidation after these strong move as shown above, buy on breakout of the flag & if you find it moving strong towards down just let it go. No price is too high for the bull & no price is too low for the bears.
The same also applies when you see any impulse towards down. Let it move down and consolidate. Your trade will be on the breakout of the flag.
These are the trades which gives money.
  • Learn some Technicals & by the word “ Technical” i don’t mean those moving averages or support/resistance stuff. It’s just garbage. Learn to trade patterns, see what structure it is making. That is what trading is.
  • Don’t blindly follow any calls of so called analyst. He might be your guru but these gurus always come from the fringes of market analysis. They are never establishment analysts. Make your own decision, no matter you will lose money but at least will learn something. If want to become a successful trader, never follow any calls. You will never succeed in your life out of it.
  • To win in the markets, we need to master three essential components of trading: sound psychology, a logical trading system, and an effective risk management plan. These are like three legs of a stool—remove one and the stool will fall. It is a typical beginner mistake to focus exclusively on indicators and trading systems. Make sure that your decisions are sound. Your trades must be based on clearly defined rules. You have to structure your money management so that no string of losses can kick you out of the game. Have a good risk & money management. Know when to book profit & when to book loss.
I will like to end up this answer as it might get too lengthy if i keep on writing but before i put a full stop, will like to share out something very important. I’ve saved it for the last.
When traders get in trouble, they tend to blame others, bad luck or anything else. It hurts to look within yourself for the cause of your failure. Don’t have this fantasy that “If only I had a bigger account, I could have stayed in the market longer and won.” Undercapitalization is a Myth. Don’t get this in a wrong way, accept the fact that you are a loser. A loser is not undercapitalized—his mind is underdeveloped. A loser can destroy a big account almost as quickly as a small one. A loser’s true problem is not account size but overtrading and sloppy money management. He takes risks that are too big for his account size, however small or big. Actually the truth is telling themselves undercapitalized is a cop-out that helps them avoid two painful truths: their lack of a realistic money management plan and lack of discipline. If you feel like your results are poor, stop trading for sometime and look back where you went wrong. This will give you a chance to re-evaluate your trading.
“You can succeed in trading only if you handle it as a serious intellectual pursuit.”
Respect the knowledge you have received today. I’m sure you will become a successful trader some day. All the best.
Happy Trading :)

For More Details Visit : www.wealthmaxsolution.com Or Call Us At-+91 9285292851

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