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Just What A Trader Needs...
Team - This will definitely take some time reading it and for few it may sound basic but many traders today spending enough time on learning markets, candles , theories , analysis and what not but they had some where forgotten the basics and may be if this read can change atleast one of your approach towards trading - am more delighted
Stop doing the crime of Over Trading !!!!!
Yes , you read it right.May be traders will take it with a pinch of salt but the fact of the matter is most of the Intraday Traders wanted to trade every candle or every minute who just cant resist taking Trades.
If you take any successful Trader as an example,they dont keep Trading throughout the day rather they get into 1 or 2 good trades make right entry / exits with decent risk reward ratio and close the day and they keep doing that day IN and day OUT.
Need has Limits but Wants are Endless
I am sure most of you will agree , we must all started the day green - achieved 1 or 2% Targets or atleast by afternoon after achieving the targets , we dont feel happy about the profits made and close the day , instead we keep wanting for more and more and as we keep trading for more , we bound to make few errors out of desperation and close the day from + 1 to 2% to - 2% to 10%.In current market scenario we have noticed Traders from a decent profits of 20 to 30% blowing up their trading account.
Consistency is the key - Practise it
100 Good Trades Vs 1 BIG bad day
Most of us if not all of us must have definitely gone through this toughtest phase in our trading career where we consciously make 1 to 2% or even slightly more for over a period of 2 to 3 months with few small losses here and there taking trades dilligently but 1 bad day trading losing emotions / revenge trading taking back all the profits which we made putting all our energy - efforts or even wiping the entire capital on a single day which we may have grown over a period of time.So before you make a trade promise yourself my loss will not exceed either my previous day profit or 2% max of the overall capital.
Consider yourself a Business owner and not a Trader
Like every other business consider even Trading has a business and we need to act like a businessman more than a Trader.Infact when comparing with other businesses, trading doesn't attract other over heads like Rent , EB , Salaries ,etc , except for the internet expenses and the brokerage which is very minimal and rest becomes your profits. So if we are investing 5 Lakhs and able to make even 1% return and assuming 20 trading sessions in a month with a ROI of 20% - 1 Lakh what more should we expect
Refrain from Revenge / Over Trading
One bad Trade or Even one bad day is good to go as long as the losses doesn't exceed 1 to 2% of your entire capitalor you have lost the prevous day profits but losing more than that can slowly build in pressure which may not only lead to take bad nasty trading decisions but also get you into Depression
Typical mindset of a Trader is always want to start the day with profits - if he does - does he stop there , only a few and others keep trading and lose what they made.Ok accepted - Losses are part of the game -I have lost what i have made -looks like its not my day , let me close it here and come back fresh tomorow with fresh mind or at least wait till i get the next right opportunity - again NO -let me go on to make further trades and keep losing more and more resulting in complete frustration.
Over trading is the root cause which leads to revenge trading.We keep taking multiple trades with only mindset thinking that this time we should be able to cover up all the previous losses and keep increasing the position sizing and at one stage the frustration hits the top of our mind and we will decide to start gambling with the entire capital available in the trading account.
Stop doing the crime of Over Trading !!!!!
Yes , you read it right.May be traders will take it with a pinch of salt but the fact of the matter is most of the Intraday Traders wanted to trade every candle or every minute who just cant resist taking Trades.
If you take any successful Trader as an example,they dont keep Trading throughout the day rather they get into 1 or 2 good trades make right entry / exits with decent risk reward ratio and close the day and they keep doing that day IN and day OUT.
Need has Limits but Wants are Endless
I am sure most of you will agree , we must all started the day green - achieved 1 or 2% Targets or atleast by afternoon after achieving the targets , we dont feel happy about the profits made and close the day , instead we keep wanting for more and more and as we keep trading for more , we bound to make few errors out of desperation and close the day from + 1 to 2% to - 2% to 10%.In current market scenario we have noticed Traders from a decent profits of 20 to 30% blowing up their trading account.
Consistency is the key - Practise it
100 Good Trades Vs 1 BIG bad day
Most of us if not all of us must have definitely gone through this toughtest phase in our trading career where we consciously make 1 to 2% or even slightly more for over a period of 2 to 3 months with few small losses here and there taking trades dilligently but 1 bad day trading losing emotions / revenge trading taking back all the profits which we made putting all our energy - efforts or even wiping the entire capital on a single day which we may have grown over a period of time.So before you make a trade promise yourself my loss will not exceed either my previous day profit or 2% max of the overall capital.
Consider yourself a Business owner and not a Trader
Like every other business consider even Trading has a business and we need to act like a businessman more than a Trader.Infact when comparing with other businesses, trading doesn't attract other over heads like Rent , EB , Salaries ,etc , except for the internet expenses and the brokerage which is very minimal and rest becomes your profits. So if we are investing 5 Lakhs and able to make even 1% return and assuming 20 trading sessions in a month with a ROI of 20% - 1 Lakh what more should we expect
Refrain from Revenge / Over Trading
One bad Trade or Even one bad day is good to go as long as the losses doesn't exceed 1 to 2% of your entire capitalor you have lost the prevous day profits but losing more than that can slowly build in pressure which may not only lead to take bad nasty trading decisions but also get you into Depression
Typical mindset of a Trader is always want to start the day with profits - if he does - does he stop there , only a few and others keep trading and lose what they made.Ok accepted - Losses are part of the game -I have lost what i have made -looks like its not my day , let me close it here and come back fresh tomorow with fresh mind or at least wait till i get the next right opportunity - again NO -let me go on to make further trades and keep losing more and more resulting in complete frustration.
Over trading is the root cause which leads to revenge trading.We keep taking multiple trades with only mindset thinking that this time we should be able to cover up all the previous losses and keep increasing the position sizing and at one stage the frustration hits the top of our mind and we will decide to start gambling with the entire capital available in the trading account.
To sum it up over trading is the root cause to make revenge trades thus leads to gamble the entire capital wiping out the Trading Account.May be at times when luck is on our side we may taste temporary success but that trading mind set will sooner or later will lead to a complete disaster.
Go slow - Stock market is going to have its presence for generations to come
What's the way forward ?
Firstly we need to understand trading is all about emotions / risk - reward management, quick decision making and more than any thing its our hard earned money we had deployed.
Before taking a trade , may be we must have done all analysis using various strategies - indicators but what is even more important are the three important points a Scalper or an Intraday trader should keep in mind
1.What is the capital am going to deploy in the trade - make sure it doesn't exceed 7 to 15% of your capital
2.What is the returns - ROI from the trade and is it worth taking the risk? If yes , what is the maximum risk i can take?
3.What should be my exit point and incase if the trade goes against where will be my Stop loss
Trading without Stoplosses is like Driving without a Helment - Never Comprimise
Trading needs a complete free mind and a good health condition combined with a complete positive mindset , if any of these if you feel is lacking just skip the day
Most traders fail big for the reason when they take trades on compulsion to get a intraday returns either to fulfill thier daily expenses or to repay loans - BIG NO
How do I over come over Trading?
Every trader should introspect thier daily activity on a daily basis.
Maintain a diary / excel to list down all your trades and capture if you have made any errors or if you could have done any thing better or if you feel you did some thing special - Write it
Once your target is done for the day
Just shut down your system & spend time on patterns / strategies / innovative ideas to approach markets
Just go for a walk to relax you physically and mentally
If at home - spend time with Family If at work - Go ahead with your Office works
Have a good Coffee or a Tea and relax your self
Appreciate yourself - Nobody knows what you have done
If you are successful teach some body - knowledge sharing is mother of all help
A goal without a plan or a target is just a dream
Setup a daily / weekly /monthly tracker with your target vs achievement plan and only then you will know where you stand exactly.
Avoid get rich quick schemes
Every body agree options buyjng can give 1x to 100x returns in a day or even in a hour and that is one of the main cause traders lose it big time as they wanted to multiply money in a single day.Most of such traders comes to market hearing such gyans from thier friends and family - Thats Ok as they are not guided properly but even 2 3 4 yrs experienced traders who has good amount of trading exposure still go on taking aggressive trades buying huge OTM strikes not bothering about the quality of the strike price but the quantity end up going bankrupt - Slow and steady wins the race
Conclusion
1.If you have 5 lakhs capital just trade with 2 to 2.5lakhs keeping remaining as back up
2.Never borrow money or take a loan for trading
3.Invest time on strategies indicators patterns
4.Wake up early - do all necessary analysis well before the market commences
5.Set up a clear trading plan with defined entry exit targets
6.Gratitude & Profits - Be happy with what you get - little or more
7.Move your profits to your bank account EOD
8.Dont ever look at others profit and make trades to achieve similar results
9.Healthy body / Positive vibes / Free mindset - Trade only if all are perfect
10.Finally stop doing the crime of Over trading if you have the habit change it
Happy scalping
Go slow - Stock market is going to have its presence for generations to come
What's the way forward ?
Firstly we need to understand trading is all about emotions / risk - reward management, quick decision making and more than any thing its our hard earned money we had deployed.
Before taking a trade , may be we must have done all analysis using various strategies - indicators but what is even more important are the three important points a Scalper or an Intraday trader should keep in mind
1.What is the capital am going to deploy in the trade - make sure it doesn't exceed 7 to 15% of your capital
2.What is the returns - ROI from the trade and is it worth taking the risk? If yes , what is the maximum risk i can take?
3.What should be my exit point and incase if the trade goes against where will be my Stop loss
Trading without Stoplosses is like Driving without a Helment - Never Comprimise
Trading needs a complete free mind and a good health condition combined with a complete positive mindset , if any of these if you feel is lacking just skip the day
Most traders fail big for the reason when they take trades on compulsion to get a intraday returns either to fulfill thier daily expenses or to repay loans - BIG NO
How do I over come over Trading?
Every trader should introspect thier daily activity on a daily basis.
Maintain a diary / excel to list down all your trades and capture if you have made any errors or if you could have done any thing better or if you feel you did some thing special - Write it
Once your target is done for the day
Just shut down your system & spend time on patterns / strategies / innovative ideas to approach markets
Just go for a walk to relax you physically and mentally
If at home - spend time with Family If at work - Go ahead with your Office works
Have a good Coffee or a Tea and relax your self
Appreciate yourself - Nobody knows what you have done
If you are successful teach some body - knowledge sharing is mother of all help
A goal without a plan or a target is just a dream
Setup a daily / weekly /monthly tracker with your target vs achievement plan and only then you will know where you stand exactly.
Avoid get rich quick schemes
Every body agree options buyjng can give 1x to 100x returns in a day or even in a hour and that is one of the main cause traders lose it big time as they wanted to multiply money in a single day.Most of such traders comes to market hearing such gyans from thier friends and family - Thats Ok as they are not guided properly but even 2 3 4 yrs experienced traders who has good amount of trading exposure still go on taking aggressive trades buying huge OTM strikes not bothering about the quality of the strike price but the quantity end up going bankrupt - Slow and steady wins the race
Conclusion
1.If you have 5 lakhs capital just trade with 2 to 2.5lakhs keeping remaining as back up
2.Never borrow money or take a loan for trading
3.Invest time on strategies indicators patterns
4.Wake up early - do all necessary analysis well before the market commences
5.Set up a clear trading plan with defined entry exit targets
6.Gratitude & Profits - Be happy with what you get - little or more
7.Move your profits to your bank account EOD
8.Dont ever look at others profit and make trades to achieve similar results
9.Healthy body / Positive vibes / Free mindset - Trade only if all are perfect
10.Finally stop doing the crime of Over trading if you have the habit change it
Happy scalping
✨✨✨ Team, Don't Miss To Join Monthly Expiry Commentary Session For 27/01/21. It's Gonna Be Exciting Session.
Those who couldn't Join Through www.OIPulse.com, can enroll using the link below
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See OI Pulse Decoded Live✨✨✨
Those who couldn't Join Through www.OIPulse.com, can enroll using the link below
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You Will Be Added To WhatsApp Group Instantly
See OI Pulse Decoded Live✨✨✨
Forwarded from Options Scalping® (Sivakumar Jayachandran)
😍😍😍 Team, Here is the video explaining how to get your Complimentary Live Session who have Subscribed for OI Pulse. Based on Subscription Activation Date, you will have option to choose & once Chosen, can't change the dates😍😍😍
Forwarded from Options Scalping® (Sivakumar Jayachandran)
What a Trader cannot achieve with 1 lakh , He will never be able to achieve even if he has 1 Crore It's not about how much money we have in our trading account , it's all about how efficiently we use each penny by making the right trading decisions
Let each Trade carry a perfect trade decisions - even one or two bad trades goes against us , the process we follow will help you to achieve your goals.
Let each Trade carry a perfect trade decisions - even one or two bad trades goes against us , the process we follow will help you to achieve your goals.
Forwarded from Alchemist
Just to answer one more query from a Trader - Let me address it here
What should be my Trade setup?
Every body has a trading style and a pattern which they may be following for years and it all purely stays back at back of their minds
So never keep changing your Trade setup every time whenever you see downfall
Let the setup be clear upfront , do a lot of back testing with just 1 lot for a month - do a self assessment your self to see what went right and what went wrong
Once you feel you are right next month go with 2 lots by the time at the back of the mind you will start realizing how to increase the qty
8 yrs ago what I was doing is to try 1 strategy / indicator every other day if one fails move to next if the second failed to an other one
If am doing 3 20 strategy say for example , Firstly I will validate last 30 sessions how it has performed
Then I will start to back test with 1 or 2 lots see the success myself for next 30sessions
Even with 60 to 70 percent success rate am sure I would end up in profits , then do some home work as to how to increase my lot size as to achieve my daily targets.
Not necessarily Evey day we need to achieve success in every trade , look at the monthly returns for any back testing you do
Rather what people does , start with a strategy put their entire capital and wait until the next morning watching dow jones all night and after which praying god , at least let dow futures or asian markets or some magic happen so that I exit my positions at least at cost if not at good profits
Smart traders
They never carry a position - Delivery
They never marry a position - Intraday
If am taking a over night risk I always consider what if my position goes to 0 - not even 0.5percent - ok let's risk it
Tiny drops makes an ocean - believe it
What should be my Trade setup?
Every body has a trading style and a pattern which they may be following for years and it all purely stays back at back of their minds
So never keep changing your Trade setup every time whenever you see downfall
Let the setup be clear upfront , do a lot of back testing with just 1 lot for a month - do a self assessment your self to see what went right and what went wrong
Once you feel you are right next month go with 2 lots by the time at the back of the mind you will start realizing how to increase the qty
8 yrs ago what I was doing is to try 1 strategy / indicator every other day if one fails move to next if the second failed to an other one
If am doing 3 20 strategy say for example , Firstly I will validate last 30 sessions how it has performed
Then I will start to back test with 1 or 2 lots see the success myself for next 30sessions
Even with 60 to 70 percent success rate am sure I would end up in profits , then do some home work as to how to increase my lot size as to achieve my daily targets.
Not necessarily Evey day we need to achieve success in every trade , look at the monthly returns for any back testing you do
Rather what people does , start with a strategy put their entire capital and wait until the next morning watching dow jones all night and after which praying god , at least let dow futures or asian markets or some magic happen so that I exit my positions at least at cost if not at good profits
Smart traders
They never carry a position - Delivery
They never marry a position - Intraday
If am taking a over night risk I always consider what if my position goes to 0 - not even 0.5percent - ok let's risk it
Tiny drops makes an ocean - believe it
Lots of Good Insights being shared in our Discussion Channel By Sam.. will post a view here for all your Benefits👍
Team
Too many request came at a time and my PM's is taking too much of time
So please give me some time as soon it's resolved , will share it
Too many request came at a time and my PM's is taking too much of time
So please give me some time as soon it's resolved , will share it
Team
There is some technical issue with telegram as too many messages as PM we are getting a technical bug
So wait until tomorrow morning we shall look for some alternative and get this issue rectified
Sorry for the inconvenience
Good night
There is some technical issue with telegram as too many messages as PM we are getting a technical bug
So wait until tomorrow morning we shall look for some alternative and get this issue rectified
Sorry for the inconvenience
Good night
Good morning Team
We are facing technical issues sending the link individually through telegram as PM
You may email us at @ oipulsemail@gmail.com with your name and email id
We will forward today's live session link as promised yesterday for 100 more people through email
Please send us the email before 8am
We are facing technical issues sending the link individually through telegram as PM
You may email us at @ oipulsemail@gmail.com with your name and email id
We will forward today's live session link as promised yesterday for 100 more people through email
Please send us the email before 8am
STORY CORNER The greedy farmer
Once upon a time there was a wealthy farmer in a far away village. The farmer was so greedy that he wanted all the good things for himself
Then one day he was offered a deal. He was told that he would be given the length of the land he walk in a day as long as he came back to the point where he started before sunset.
To get a head start, early the next morning, the farmer started to cover ground quickly because he wanted to get as much land as possible.
He walked for a very long distance and even when he was tired, he kept walking all afternoon.
He did so because he did not want to miss this “once-in-a-lifetime” chance to gain more wealth.
Later in the evening, he remembered that the condition to get the land was to get back to the starting point before sunset. Unfortunately, his greed had taken him very far away from the starting point.
He immediately began his return journey keeping an eye on how fast the sun was setting. The closer it came to sunset, the faster he ran. He was exhausted and out of breath, but he continued up to the extent of pushing himself beyond the point of endurance.
When he finally reached the starting point before the sun had set, he collapsed and died. All that the farmer needed was only a small plot of land on which he was buried, even after walking such a long distance.
Lesson
The moral of the story is to avoid being greedy because greed can make you struggle for things you do not need. Greed makes you fight for things at all cost without caring about your health and the well being of others just like the farmer was.
Let’s learn to be contented with what we have and also learn to share the little we have,
Once upon a time there was a wealthy farmer in a far away village. The farmer was so greedy that he wanted all the good things for himself
Then one day he was offered a deal. He was told that he would be given the length of the land he walk in a day as long as he came back to the point where he started before sunset.
To get a head start, early the next morning, the farmer started to cover ground quickly because he wanted to get as much land as possible.
He walked for a very long distance and even when he was tired, he kept walking all afternoon.
He did so because he did not want to miss this “once-in-a-lifetime” chance to gain more wealth.
Later in the evening, he remembered that the condition to get the land was to get back to the starting point before sunset. Unfortunately, his greed had taken him very far away from the starting point.
He immediately began his return journey keeping an eye on how fast the sun was setting. The closer it came to sunset, the faster he ran. He was exhausted and out of breath, but he continued up to the extent of pushing himself beyond the point of endurance.
When he finally reached the starting point before the sun had set, he collapsed and died. All that the farmer needed was only a small plot of land on which he was buried, even after walking such a long distance.
Lesson
The moral of the story is to avoid being greedy because greed can make you struggle for things you do not need. Greed makes you fight for things at all cost without caring about your health and the well being of others just like the farmer was.
Let’s learn to be contented with what we have and also learn to share the little we have,
Good Morning Team, Get Ready for Roller Coaster Day with Fed Event out of the way & they delivered what was expected & now focus will be on Russia Vs Ukraine & that's gonna keep Markets busy. Looking at Asia, it's gonna be a Interesting Open, as Markets was Bullish on Tuesday & they wanted to continue, but now they are at cross roads. So it's gonna be Cat & Mouse Game. Happy Trading 👍
Team
Siva Ji was kind enough to give a go ahead for an additional 100 more complimentary links for today's based on several requests
Participate with all your mind and soul completely focused.
1.As I said during news based trading days charts indicators supports Resistances do not work
Be conscious and take trade only when your trading plan is perfect else always wait till you get one
There is always a next opportunity
Have a profitable day
Siva Ji was kind enough to give a go ahead for an additional 100 more complimentary links for today's based on several requests
Participate with all your mind and soul completely focused.
1.As I said during news based trading days charts indicators supports Resistances do not work
Be conscious and take trade only when your trading plan is perfect else always wait till you get one
There is always a next opportunity
Have a profitable day
Forwarded from Options Scalping® (Sivakumar Jayachandran)
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Get The Biggest Discount For First 250 Subscribers
Promo Code Can Be Used Only Once Per Subscriber
Offer Is Valid For All New & Existing Subscribers
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Go Six - 6 Month Plan With All Features
Get The Biggest Discount For First 250 Subscribers
Promo Code Can Be Used Only Once Per Subscriber
Offer Is Valid For All New & Existing Subscribers
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Forwarded from Options Scalping® (Raja)
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