MIDWEEK GYAN
*🦜Very good learning from market📚*
*👁️Discipline is a BIG word in Market...💰*
*1. Always wait for the right opportunity.*
*2. Never ever use Broker Limit or Leverage..*
*3. Always know your risk first..*
*4. Always have a SL and once SL hit.. just exit..Don't get emotional..*
*5. Once position is in profit.. Always trail..No matter how strong the chart is..*
*6. Never go against the trend.If a share is 7-8-9% up.People short thinking that..How more it will go..Trust me, you do not have the power to move stock price even 1 Rs..So, never go against the trend..*
*7. Always have some rules and follow them strictly..*
*8. Always have daily target for profit or loss in terms of % of capital and not absolute amount.. Be is 1% profit or loss of Capital..*
*9. Once daily target is achieved or you get even more profit.. Close the screen..*
*10. Even if you lost 1% of capital.. close the screen..Do not try to recover.. Even if you can.. reason is.. you are breaking rule.. because sometimes you can recover but then you will make it a habit of recovering every time.. and one time will come when your 1% loss will increase to 3-5-7%.. and then revenge trading will lead to more lose..So, follow strict rule.. if loss.. accept and close screen..*
*11. Make a rule to practice and follow one strategy only..*
*12. Make a rule to follow only 1 strategy lifetime.. stop running behind multiple strategies..*
*🦜13. Do not work with any pre-occupied mind.. pre-occupied mind the worst enemy of a trader..🦜*
*14. Do not buy in temptation..*
*15. Make a rule to withdraw your profits regularly..*
*16. Never do revenge trading..*
*17 If you get jackpot sometimes, withdraw money and do not trade for few days.. More money gets into head and creates problem..🦜Over-confidence always kills.*
*18. Money Management is very important.. Do not put all the money in one trade..*