Forwarded
FOR THE BENEFIT OF ALL NEW TRADERS....
1. You need to first learn to survive ..that is not lose money in the market...that comes from risk management ...accepting that this game is about losses.
2. I read up almost 70 books on trading from trading psychology to trading setup..and then i saw so many traders accross india ...and finally i have realized that there is a holy grail in trading ...but that holy grail is not any set up or chart form or indicator combination.
3. That holy grail is execution ..execution and execution (along with risk management) what i would call trade management.
4. So its the skill...and the skill comes from practice ...practice ..practice . Relentless practice.
5. Most struggle to make some money ...few make so much money ...because that few have gone through those hours of relentless practice ...lived through the rigour of practice and honed the skill ...one trade at a time ...one day at a time ...
Take the analogy of cricket ...when we all used to play ...we used to go out to bat at whatever ..slot we got ...whatever match situation we had ..whoever the bowler ..whatever the ground condition ...and then tackle all this and score ...its exactly the same in trading ...
That has to be all our motto ..if we need to make serious money in this game.
On mind management many dope available ..right from mark douglas trading in the zone to others ....all that will just give you theory ...so it will not help till one internalizes ...and that happens with ...again relentless practice ...of
Affirmations ...positivity ...calm inside ...determination ...
Yes all the above needs to be practiced.
So my request to all new traders and the others struggling is ...FANATICAL FOCUS ...on practice ..of execution ...(trade management plus risk management) ...and do the inner work ....the answers lie inside of u ...not in any set up or any webinar ...coaches are very important they will guide you ..but in the end its your inner answers that will walk with you in this journey of being a super trader 😊