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📈 Trading Wisdom 📉

Hello everyone here,

I took a trade in Nifty yesterday, trading with 2 lots. It got me thinking...

Many people enter the market with one goal: making money. Lately, I've seen posts of traders using 2k and 3k quantities, earning profits with just 0.30 - 0.60 points.

In my view, this behavior stems from the availability of resources but also a fear of missing out (FOMO).

Remember, we're here to learn. Let's dive into understanding the psychology of the market and how to manage targets and stop-loss.

🎯 My Suggestion:

- Avoid trading with excessive quantities.

- Focus on 1 lot.

- Set 5% returns as your target on invested capital.

- Limit risk with a 5% stop-loss on invested capital.

- Aim for consistency: Target 10 points every day.

This approach can lead to progress and better trading. If you need more guidance, feel free to ask!

Happy Trading! 📊💹