WEEKEND GYAN
Difference between Successful people and Failure people in Market..??
There are two person in Market..
One is successful..
One is failure..
and....
You know what....
Market gives opportunity to almost everyone to book profit once.....
or at least to exit at cost to cost....
or exit at minimal loss.....
but still.....
mostly people loose....
So...
What makes few people successful in Market..??
Right Decision and Execution based on whatever is happening on Chart..
The decision has to be taken irrespective of emotions..
GREED...... is the BIGGEST enemy of every trader.....
My Guru says..
Whole game is designed only on one factor.... GREED..
How much is your GREED....
How much is your satisfaction level....
Rest all are products of GREED....
Be it Overtrading or whatever.....
They all are products of GREED only.....
We overtrade because we want to earn more..... product of GREED....
We don't book profits because we want more..... product of GREED.....
Everything is basically dependent only and only on GREED......
When you are at home..
How much you eat..??
Normal.. 2-3-4 breads.. along with the vegetable whichever is cooked..
When you go into some function or Marriage..??
First.. Snacks.. Pakodas..
Then Khomchas......
Then Proper Food.....
Then Sweets......
Even if there are 20 varieties of sweets....
You try to taste as much as you want....
End Result..??
Stomach upset.....
Same is with Trading....
There are 5000 shares.....
Every shares either keeps going up or down.....
There are only 2 directions.....
Upside or downside.....
but you don't need focus on every other share....
you don't need to focus on every other trade.....
You need to wait patiently for one right trade.....
You don't need to taste all the sweets....
You don't need to put fingers in all the trades......
Only one right trade is enough......
Getting my point..??
You need to set some rule..
Today's target.... This much and then close.....
If there is no rule..... You can't rule......
If you make a rule..... You can rule.........
Simple......