Profitable Trading Strategies With Psychology: Secrets to make millions in the stock market

Albert Estrada
Участник
Присоединились: 2023-04-22 19:24:07
2024-06-20 23:39:27

1 - Trading is the Best Business
Trading in Stock markets offers a very exceptional business
opportunity. The beauty of a stock or index trading business is that it does
not require any large investments compared to other businesses. You can
operate this business from anywhere in the world. It just requires a laptop,
internet connection, and DMAT account.
To become successful in investing and trading you should focus on risk-

adjusted returns. Then whenever you are right automatically you will make
money. You alone are responsible for the success of your business.
I consider Nifty and Bank Nifty as a prompt business partner. I treat them
like a partner for every trade. I Negotiate rates for profit optimization. I
select various options for buying and selling. Whenever I am right, they
give me a good profit. Whenever I am wrong, they give me a signal to stop
the game and exit.
My conviction is that with proper knowledge, skill, effort, and discipline,
most people attracted to trading can become successful. I hope this book
illuminates the path to success in trading. The rest is up to you.
Know the perception of Market and trading
1 - Day Trading and Swing trading is simple but not easy
Trading is simple just implement the rules of the market and use certain
analytical systems. Once you have the right technical tools like CPR , you
can recognize the market’s next move. But once money is involved along
comes emotions. Logic and reasoning come soon thereafter. Hence It
requires a perfect trading strategy and perfect technical setup to trade.
2 - Market moves in three directions – up, down and sideways .
Whenever the directional movement happens higher highs and higher lows
it can be said as Uptrend, it is termed as “Bull market”.
Whenever the direction movement makes Lower lows and lower highs it
can be said as Downtrend, It is termed as “Bear market”.
The horizontal price movement that occurs when the power of supply and
demand are nearly equal is termed the “Sideways trend”.
3 - Buy at low and sell at high.
Buy low, sell high plan is where you buy stocks or securities at a low price
and sell them at a higher price.

Profitable Trading Strategies With Psychology: Secrets to make millions in the stock market

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