If seen in trading, the easiest and most Correct strategy is swing trading than Day trading. But people get caught up in this too. And they do a lot of loss, or they stay stuck in it for days or months. Due to this, people’s money and time are lost, with that, they go through a Phycology phase. You can get the money again, and in exchange for the time, you have got the best lessons and experience. But when you go through a mental distance, you lose all your strength. Some people give up trading because of this phycological phage. Here we will discuss today how you can stop yourself from being a victim of all this.
Working on to many strategies :-
People don’t follow a tool or a strategy in the stock market. Maximum trader Used one tool or strategy then there is little loss in it, they started using other tools. If you do not use the strategy again and again, then how will you know whether it is right or not? And one thing, whenever the Strategy does not work, then optimization is done in it, Other than that no other strategy is adopted. Many domain tools are also available in the market, which helps people a lot while trading. It not only saves your time, along with this, According to the information given by you, whatever is in the stock market, shortlisting it and telling you. So here we will advise you to choose a good simple strategy. and optimize it according to the market. All the statuses are in the stock market, the losers are correct. According to the market situation, you have to do that strategy to plant these at the right place. So finding all the strategies and putting them according to the market situation is not such an easy task. But with a simple strategy, Market or any stock comes according to that strategies parameter you can trade there and earn good money in it.
Trading in the wrong time frame:-
Do you ever plant a Tulsi plant and hope to produce teak tree wood? In the same way, if you use the wrong time frame, there will be a lot of loss. A weekly candle is perfect for finding a range of support resistance for swing trading. And daily Candle Chart is very useful for picking trades at the right time. A beginner trader can make a lot of difference in the stock market by using the daily candle chart and some indicators. Bass, you have to do some work on your Emotion. Sometimes the market gives a lot, sometimes the market gives few. The secret of trading is to book profits at the right time.
Holding down trend stocks :-
Whatever shares are bought for trading, they are bought because of the momentum. And the stock that is bought for Investment is due to getting it at the right valuation. both are very different methods. I have seen that maximum traders buy stocks, and they hold them as soon as they start falling. And they claim to be such a company is very good future. With this, you can convince the person in front of you, but you can never get the price rise by saying this to the market. In swing trading. This is how sometimes buying in every dip can go wrong. as you get a downside break out, you should immediately exit with a stop loss. Somewhere many traders remain investors in the stock market, and that company has turned into a lossmaking company. And they have also come to know that they will never get that price.
Trading with news and events :-
If you do trading keeping an eye on news and events, Then you are going to suffer a lot. Who has figured out this trick? I think the new people who come in the market, come with these skills from movies and web series. You can take best trades from information, for this you should know to analyze many things, You have to listen and read some kind of expert opinion somewhere. And with this, whenever you have any economy-related reding, From that you can predict the sector or the future of which company. Which can be used to make you a very good profit. News is for everyone, and it can lead you in the wrong direction. You should always do trading based on charts and reports.
Risking capital more than afford :-
In all the ways that you have in trading, money management is at the top of it. This is the first thing you have to learn. And during the learning, you should practice in real-time. Many times you will end up with losses even after you make a profit. The market takes away the profit made for several days from you by mistake. And you can follow one thing to get rid of it, that is money management. Your losses in money management start becoming very small. Your profit made by this does not turn into a loss. you can read our best blog on How to become a successful trader in india.