Kindly avoid Few Mistakes and this is applicable for one and all i.e. whether one is a new trader or a seasoned player.
- Don't bet on a single scrip. It's not like a lottery ticket. You buy one and dream big. Do all of your picks in an equal manner.
- Have reasonable expectations. Many traders expect a multifold return within few days. Its like daydreaming. Bank FDR's interest rate is 5% per annum. If you could manage 3%-5-8% per month, you are doing great. If you are not satisfied with such returns then please stay away since you are most likely to wash out your entire capital any time soon.
- 5-10% per month average gains =60-120% per annum
- Can any other business or profession provide such?
- The only thing is those who are satisfied with 5-10% per month, continue to go a long way and those who want 120% per month would likely be out of the game soon, down and out, it's real fact, anyone believes or not.
- Keep your emotions under control.
- Follow stop-loss religiously as it is not an enemy but a friend as it is a risk control mechanism.