Anyone who enters the stock market always dreams of day trading. We at Investment Unblocked teach the stock market courses, everything about the stock market from basic to advanced. All the students who have done stock market learning from here, are doing good trading like professionals. Anyone who comes to learn stock market trading. We always get to see a pond of one thing in them. They need such a shortcut, or rather, some such strategy that will allow them to make a lot of money, that too in a short time. Always remember one thing. No matter how good the stock market trading strategy is. The result you will get by implementing that in the correct way.
What do stock market traders do ?
The first question that comes is how trading is done. You must be able to sit in front of the computer for 5 to 6 hours to do day trading. Day traders keep watching the stock price chat in front of the computer and keep waiting for their entry and exit positions. For this, you need a good computer and a good internet connection too. Day traders buy shares in the stock market and make a profit and loss on the same day. Sometimes the profit is high, sometimes the profit is less, and sometimes they have to take home the loss. When you do day trading without technical analysis, it is called gambling. But when you trade the securities by analyzing those by candle chart, that is called technical analysis. Day traders always depend on technical analysis. This requires a lot of skill and courage.
How do traders do it ?
The first thing you need for the trading carrier is a Demat account, which is available online and offline at very little cost. Somewhere there are all the banks which provide these facilities. There are other broking houses out there that can provide you Demat account services. You can buy and sell any shares by depositing money in this Demat account. How can it be bought and sold in a demand account, you can ask the person who has provided the account. Or you can find out from online platforms like YouTube or any other financial clog website. When people enter the stock market, they think that buying and selling stocks would be a very difficult task. but it’s not like that. The biggest concern remains which stock to buy and sell. but it’s not like that. Which stock to buy and sell remains the biggest concern. To overcome this dilemma, some people teach themselves technical analysis. In trading, it helps them a lot. And some people are using advisory services. And making a lot of profit and loss from that advice.
Learning to trade is like learning technical analysis, which is very important for trading. Even many people make losses by taking advisory services. That’s why most of the stock market traders are getting very interested to learn technical analysis these days. You can learn from technical analysis online platform or by reading all the good books in pdf form or by buying. There are some stock market institutions in the online platform and in the offline platform, which provide courses on the stock market. By taking these courses, you can practice the stock market well. Investment unblocked at its best in providing stock market classes online. Here live implementation along with technical analysis is done in stock market classes.
How to be a professional trader ?
Whatever business or whatever job you do, first you take training on how to do something. It is not enough just to know how it happens or how it is done. With which attitude it has to be implemented is also very important. Your profit and loss depend on how your attitude should be while doing this work. The best example of this is that when one trader makes a profit in the same strategy, another trader loses at the same time using the same strategy. This happens because of their behavior. Which they have shown towards the stock market.
Behavior analysis and emotional control are very important in stock market trading. You have to work on both technical and on yourself too. Discipline is the most needed thing in the stock market. Who avoids these things, they punished by the market.
How to trade emotion-free?
A lot of people ask that how to be a professional trade or how to trade emotionless. To be a good trader you have to control your emotions. The emotions that are seen in most of the stock market are Fear and Greed. This is what makes your money management out of control. Due to which more damage is done to people, behind recovering this loss, people take more risks, and the chances of getting more losses increase. To avoid this, you have to learn proper money management. If I give it in an example then professional traders always wait for profit but exit when there are small losses. This reduces their chances of losing and increases the chances of maximum profits. It would have sounded very easy to hear. But in live implementation, people spend more time in losses but book profits sooner.
The practice of controlling emotions is very important in stock market trading. If you want to be a day trader, So first do paper trading with whatever strategy you have. You will know the importance of your strategy from paper trading. And the chances of making a loss and profit from it will also be known. The biggest thing is practice. With practice, you will face yourself. Where you will know how right and how wrong is the power to take your wone trade decision. will face and where you will know how right and how wrong is your decision-making capacity. In this thing, when you become very strong, then your losses will be reduced and profits will increase.
Why do maximum-day traders lose money in the stock market ?
In the stock market two major disciplines which determine your profit and loss. They are 1 money management and 2. Decision making.
Money management
Money management is a very important thing in the stock market. If you do not understand this then you can never make money in the market. Most of the people make a profit many times and lose all the profit in one losing trade. But when there is a loss, they wait in the loss. Due to this, their losses will be big. Sometimes in order to recover his losses, he trades with a risk-taking a bigger amount than his capital in the loan. Which we know by the name of margin trading. Future and Options also gives very good facilities to the people to trade with margin trading. But according to the time, if the stock price does not rise and fall, people make huge losses here. It does not matter how rich you are, or how strong strategy you have. If you avoid margine trading then you would lost all you capital in stock market trading.
Decision making
We have seen in the market that people make a decision before taking a trade. In the middle of the trade, he departs from his decision, And takes another decision while closing the trade. This happens due to a lack of control over your emotions. There are many reasons behind this. For example, if you look at your profit and loss statement during trading, then you can go a little confused there.
People do not make their target and stopless decide before taking a trade. Even if they do decide to trade with a plan and strategy, they exchange it during the trade. Looking at your profit and loss or looking at the time when you are in trade. And sometimes trades exit before time or even before their target and stopless are reached. Due to this reason, the trader suffers a huge loss. And this thing becomes your habit, and your decision is always wrong. Due to this, you always get to see very good momentum in the stock price after the exit from the stock, And you can clearly see the missing chances of making a profit. To avoid this, you will need to practice a lot, And before taking a trade, you have to decide where you will enter and exit the trade, where should your stop loss and target be.
Always remember, whether it is stock market trading or investment, whoever breaks the discipline during this, his payment is definitely taken by the market as a penalty. I would just like to say here that whatever is your strategy in trading or whatever is the investment amount, It is very important to follow all the major disciplines in the stock market.