DEVELOPING TRADER PSYCHOLOGY

Trading has nothing to do with indicators and everything to do with you.The easiest thing to do in market to learn Technical Analysis. However, they have nothing to do with trading. Many times You have to try Anti-technical. technical Indicators You can memorize or buy from market . But all the results depends on You.

you can learn a perfectly good trading system, trade it, and lose money. someone else trading the very same system makes a fortune.

Once your trading system hit stoploss you start thinking....

• Is the system really effective any more?
• Have the market conditions changed so this system no longer works?
• Do I need a new system?

and many such questions start arising in Your mind...

So here are few things you can do to help you manage your trades better:

Don't look at daily profits. Look at them over time. Who cares if you lose Rs. 1000 today? You could make Rs. 2000 tomorrow! That's still Rs. 500 a day over 2 days. So always analyze your profit loss over a definite time period


Plan for losses. For a good trader losses is not permanent. They will come, but know they're only temporary. If u lost today You can gain tomorrow.

Plan your trades and trade your plan. This is the most important part of trading. If you start the day with a plan, but don't follow it, than No meaning of your plan and you may end-up with losses without proper plan

A good trading system gives you 7 winning trade out of 10 trades....