All of you must have seen the ad for Akshay Kumar on Sanitary pad. In it, how can you live a healthy life to a woman instead of purchasing a cigarette worth 10 rupees, he has mentioned there. Where also the calculation of months and years must have been considered. you would have done it too. But what happens to you when you lose that much of an amount in a single trade. And even after that, you can not get out of the trade and your loss keeps increasing.
Is there any difference between real money and stock market money? If seen, there is no difference in this. But what happens people are afraid to spend outside but ready to lose millions in the stock market..! You could never imagine there are some strange reasons.
Digital money:-
You must have noticed that you have started feeling money lightly since using PhonePe and Paytm and all digital payment mediums. The amount of money you spend on ordering online, but if you are asked to spend offline, then you may feel bad. You may not even spend that much. People do not comfortable spending money offline as they do online. This is why maximum people are stuck in credit card schemes.
There is only one way of escaping from this. Whenever you face loss in trading, Think about how many hours you would have been able to pay off that amount after working. Or imagine how many people are not able to even after a month’s work what you lose in trading for some hours.
Screenshots :-
I don’t know if you have ever been affected by this or not, but the screenshots shared by others give big trouble to your trading system and strategy. I am telling you about my personal trading system. I never wait for losses, and I book my profit near the profit target or as soon as it touches the target. But, right now in the downturn of the market, all the people make huge profits who carry position input side. I felt right after seeing the screenshot of such a huge profit, I should have held my positions too. And I did too. It happened like this I didn’t book whatever profit I was getting in day trading, and I hold my position. After that, the speed of falling of the mark started decreasing. The profit I was getting went away with that as the expiry neared, Option also started falling very fast.
I am not only in options trading but also started making losses in stocks. You may say it is because of greed, But I have found the reason behind this something else. It is my trading strategy. Yes, it has made like that, it has not been able to make long profits. Just make a profit from this only some pip. And it has been made with my risk-reward phycology. And it’s made according to the smaller time frame. It will be such a thing that you plant a plant of rice and expert the fruit of mangos.
Trading Addiction :-
I have seen that they taking a trade even though he did not get a good entry point. And even before the start of the trend, I have seen taking trades without having a proper confirmation. You leave a rollercoaster ride you get addicted to waiting in the trader. People feel a lot of thrill in it. Some people do get this addiction, then some people get involved in this to forget all their personal tension. People take away all their sorrow and pain for a short time after they drink, in the same way, you do not remember anything else while trading. This is also one of the reasons why people keep worrying about making a big profit from taking trades without any reason.
You have to enhance your trading skills, along with that you have to become a technically strong trader. Anyone who is ready to wait for hours to take a trade. And you control the emotion and follow the discipline trading system.