xii-Conclusion-Perception about the result of Trade and condition for success.
Blaming the markets can be
an easy way out to explain what happened with your trade but if you really stop
and think and stay honest with yourself, you will realize that your results are not the market's fault. In fact, the
market does not even know you exist nor it cares about your position(s).
Your wins and losses are
the reflection of your knowledge/understanding and experience with the market.
The reflection of the system you trade and it is long term expectancy.
So,
focus on the things under your control and
at the end of day /trade, think -Did I follow my
strategy? Did my setup appear? Did I apply proper risk management? If you
answered yes to all of these, congrats that was a good trade.
Understand that even if you do everything “right,”
you can still lose a trade. And even if you break every rule in trading, you
can still win a trade. It is all about having that statistical edge, where you can be so sure that even if you lose more times than
you win, you still walk away profitable. However, there could be
certain odd days on which strategies yield no eligible stocks to trade on those
days, so it is better to avoid trading on those days. Further, very few
days like one in a couple of months, the selected stock might not yield very
good profit.
One of the Hardest Parts of the Trading is Having Patience to
wait for the Right Moment. If I
must declare what is more difficult- Technical
Knowledge or Mind Discipline. I will vote for Mind Discipline. Technical Knowledge, strategy etc. can be borrowed,
learned externally, but Mind Discipline must come
or developed in house (self).
To practice and develop attitude that- Quality is more
important than Quantity of Trade. It is OK to
miss TEN (seemingly)
opportunities of trades rather than take a single
forced/revenge trade, and प्राप्त ही पर्याप्त है, is necessary and sufficient condition for success in Intra (for
that matter any) trade.
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