1. DON'T TRADE THE PROFITS ,TRADE THE MARKETS!
Start to think in Terms of RISK/REWARD ratio , it will change your trading for good, just this small tweak will have a tremendous effect in your trading. Track your trade results in terms of RISK/REWARD ratio and not in P/L terms. This seems a small thing but will make a big difference trust me.
2. FIX THE RISK
One of the reason traders are uncomfortable in taking a trade is that they are not comfortable in taking the size of the risk due to wrong position sizing. So, the solution is to start for the LEVEL 0, fix your R (risk) , Say if you have a 100000rs account , fix your R (risk) at say 1000 , or 2000 per trade, just fix the risk you take on every single trade and trade with that R(risk) till you are comfortable with loosing 10 times in a row with that R(risk) and still be profitable over a 100-trade period. Then increase the risk over time.
3. YOU CAN'T WIN ALL THE TIME
Okay I get it, it feels good when you have a winning trade, but my friend in trading you can't win all the time. Even the High accuracy traders have 70-75% accuracy, and many have 40-50% accuracy and still make more money than you may think of. So, be comfortable losing on a trade, know that if you have an edge, you will make gains over a big sample of trades.
4. LOST THE OPPORTUNITY
This is why most of the people are not able to take trades, because they think that , they have lost the opportunity and now it's not a good time to take the trade. As they think trend will change when they enter, and it keeps to go up and up and up. So you have to change this mindset, If you loose on a trade even if you take at the market top, how much you will lose 1R right, but in fearing of this 1 loss , you don't take those 100 trades which would have or will give profit too.
5. GO THROUGH HISTORICAL CHARTS
One aspect that may have stopping you from taking the trade is that you don't have much confidence in your edge. As a discretionary trader its important to go through historical charts as much as you can, and then screen time play a big role. This way you will have confidence in your edge, and you will be able to put on the next trade.
6. WHAT MAKES THE DIFFERENCE?
The beginner only has the CONFIDENCE,
The experienced only have the KNOWLEDGE,
The PRO has both "KNOWLEDGE + CONFIDENCE"
You can trade with our Best Bank Nifty Option tips for intraday and can make money on a daily basis without any fear.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
