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In Trading :Difference Between Playing Offense & Defense

The sooner traders learn to carefully manage risk the better off they will be. So many new traders come in with only the thoughts of profits dancing in their heads. This is equivalent to a football team only focusing on scoring points and not planning their defense.In trading you must play both sides of the ball. You have to be able to score points against the market and not allow the market to score back those points on you.

Your entries are your offense and your exits are your defense.

Letting a winner run is your offense, cutting your loser short is your defense.

Your automatic buy stop is your offense and your automatic stop loss is your defense.

Buying a monster stock is an offensive move, planning on how you will exit with your profits is your defensive move.

Identifying a trend is your offensive play creating a trading plan on how to trade it is your defensive play. (more…)

Technical Analysis Obsession

 

‘You know that you’re obsessed with Technical Analysis when…’

*Trapped in traffic at a roundabout, you find yourself waiting for a “breakout”.

*The best that lingerie advertisements can do is start you thinking about double tops.

*You start thinking about your marriage in terms of risk-reward.

Promise Yourself

To be so strong that nothing
can disturb your peace of mind.
To talk health, happiness, and prosperity
to every person you meet.
To make all your friends feel
that there is something in them
To look at the sunny side of everything
and make your optimism come true.
To think only the best, to work only for the best,
and to expect only the best.
To be just as enthusiastic about the success of others
as you are about your own.
To forget the mistakes of the past
and press on to the greater achievements of the future.
To wear a cheerful countenance at all times
and give every living creature you meet a smile.
To give so much time to the improvement of yourself
that you have no time to criticize others.
To be too large for worry, too noble for anger, too strong for fear,
and too happy to permit the presence of trouble.
To think well of yourself and to proclaim this fact to the world,
not in loud words but great deeds.
To live in faith that the whole world is on your side
so long as you are true to the best that is in you.” 

10 Main Reason :Why 95% of Traders are Losing Money in India

loser lottery

95% Traders are Losers only :

Reasons are :

*They Don’t have Method

*They Don’t have Mint

*They Watch Blue Channels (Biggest culprit )

*Don’t know how to Read Charts

*Don’t have Trading Psychology art.

*Believe in Fundamentals and Trade ( 2nd Biggest Mistake )

*Believe in Results (Flashing every qtr )……….Biggest Manipulation +Insider Trading happens 

*Trusting on Economic Numbers : (3rd Biggest Mistake )

*Looking at Screen and Trading (Thinking everything is OK ,4th Biggest Mistake )

*95% Traders Don’t know :All Trading Data’s are Leaked during trading hrs and immdly after trading hrs.

Technically Yours /ASR TEAM 

Thousands/Lakhs of Traders had lost Fortune in India……………..Still wasting time /money/energy and many more things.

The most important attributes of a successful trader- 4 points

  • The ability to notice and separate emotional responses from the decision-making process
  • The ability to function with some degree of independence and autonomy while still following good risk management principles
  • The ability to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives
  • The ability to suppress ego and empower others to share ideas and best practices and accept coaching
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