For trading hope mind is required than a greedy mind. One with greedy mind will lose their money. Don’t blame Market for that blame yourself for your greedy mind. For avoid losses avoid the last minute decisions such as entry at the price where target crosses support and resistance levels. Someone which had greedy mind take this type of last minute decisions and resulting losses.
The main thing we need to remember is that make a proper study about trading and select an appropriate segment. Examine the price variation, market price, amount of profit from it before entering into a trading carrier. Always be aware about each and every movement of share market. Take attention towards up-to-date news about your selected segment, which means take a research about their price variation, market price, quantity of profit, always be aware about the share market latest news & all. Means we always up-to-date about the market if you select shares as your trading items, long term segment is better to you. Then only you can get good profit. Short period of trading is not suitable to shares. We didn’t get much profit. Selection of companies is also important according to shares; if we buy poor companies or not much leading companies share we lost our full amount during the market deviation.
Time plays an important role in trading. Seconds determines our luck. The correct time of sell & buy is the main thing in trading. It determines our profit & loss. Also put stop loss & target of your trading point before you entering into trade, because it help you lots to reduce your risk & for achieving good profit. Always need to have a rough calculation about your trading.
Next & final one is that need a confidence & patient mind, not to be greed when the market gone up. Always put your each step carefully, need full control to your money when it increase through trading. Always give a look to your market movement.
Also some good reads
- Most of the people lost their money in Trading. Why does it happen?
- A perfect entry can make immense change in your Trading
- Day trading is the best option for traders; When you fall into fault
- Making profit from Trading is an art of our mindset
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