Less is more in Trading
If you go for travelling very frequent, you will be tired and will not be able to enjoy the journey. Even if you work five days in office/factory, you need weekend and again on next working day, you won’t feel good going at same place. But if you go journey two or three times in a year, you will enjoy that and feel fruitful. Same is true with trading. The less is more in trading. This is the best approach to make a consistent and profitable results. In order to join the 5% of winning trader. I believe hard part of trading the financial market is the discipline. It really needs a very strict and strong will to push the self and breaks the bad discipline.
A rational mind and a strict to follow the rule attitude are necessary to break the path of wrong discipline. The hard part as well in trading is the ability to just listen to your own knowledge, voice and ideas. Most of the time our decisions have been influence to what we hear and what other people’s opinion.
Now a days where Automated Trading is reality and these mostly works on Intraday set ups, it will difficult to trade manually with automated machine. Bulk orders are being put with these Machines and you will not be able to catch these with your hands. As a beginner, one must choose long path. If you are doing frequent trades either on intraday basis or positional basis, that mean there is something not good at your trading desk.
“Trade what you see , not what you think”.
Check the chart, study those with marking and write down the results. You will be surprised to get to know that every script very less entry and exit signals. But if you see on small scale, there are lot many entries and exits which leads tiredness. Earning Quick money will also attach to quick money loss.
Happy Trading/Investing 😊
Leave a Reply