09/02/2022
9 mantras to remember from morning 9.15 am to 3.30 pm (Monday to Friday):
1) Stock market consists of unlimited risk. Before trading decide your risk first.
2) In my WhatsApp group/telegram/YouTube, I am sharing trades for educational purpose & experience. Before taking trades consult your financial advisor.
3) In nifty/bank nifty position sizing must be between 1 to 4 lots max for retail traders. For stocks options 1 lot is more than enough as well.
4) Once stoploss hits exit without any emotions (specially in options), good quality stocks can be hold for a bit long even if stoploss hit for investors. Once target hit, trail stoploss or book profit. Actually, the bitter truth is all knows to enter into stock market but don’t know the exit point/stoploss.
5) Always better option is to be an investor with standard returns. Avoid putting lakhs of money if you are an options buyer. Max Rs 50,000 to Rs 1 lakh is more than enough to be an options trader. Investment in stocks is less risk & good reward comparing options trading as in options a single bad day is enough to blow all capital.
6) Don’t feel proud if you are earning a good amount daily from market as IGO & lack of knowledge with inexperience is harmful to take trades. Be down to earth & learn to respect all.
7) Take max 3 trades in a single day with best risk reward & make a habit of rule-based trading instead of gambling in stock market. Try to learn from market in each & every step you took.
8) During trading/working hours avoid drinking, smoking & noisy places. Make sure that you are trading in a peaceful place with a peace of mind. If disturbed in some day best trade of the day is to “NO TRADE”.
9) At last, in loss just treat money is just a piece of paper. Money comes & goes but morality with humanity comes & grows.
