subject: Trading Tips – Free Five Frames [print this page] Indian Stock Markert is rapidly approaching and many of us are still wandering how to surpass that waistline that we choose to focus on, but if it's trading, here are some ideas to make it the way you want to.
A real Me-. When you are setting your goals for anything it is very important to be realistic. You want to set the bar high enough that you're challenged to meet them, but not so high that they seem unattainable. Setting the revertible and reasonable goals will keep you motivated and won't have you feeling "behind" if you don't meet your objective. If you are doing Intraday trading with Rs.10,000 in your piggy it would be unrealistic to expect to make Rs.100,000 by the end of the year if you're only trading on stocks.
Progressive Measures-. Periodically measuring your progress will keep you on your toes to alert you of possible needs to adapt your strategy. You may want to do a weekly review of your progress, with more intensive check-ups monthly and quarterly. A Intraday approach would likely be looking too closely under the microscope, causing your stress level to fluctuate more than your piggy bank.
Insighting the Basic Is Important-
Striking a blend between process-related and results-related goals will help you determine your goal and a way to get there. Process goals may include a commitment to finding chart patterns each night whethrt it is commodity or stocks for the following day's session, or monitoring your win/loss percentage.
Be wise and Revise:
As time move on we need to make certain adjustment. If you prefer short selling whether on commodities as mcxncdex or any other and the market is strong, then you'll need to adjust your expectations. If you prefer the long side and sentiment shifts, it may require that you make a change to your trading strategy or your goals. On the other hand, a fast start might mean that this is finally your year and you are poised for greatness.
Pen Down Your Goals-
As the way mental stops tend to get blown, an unwritten goal can easily be forgotten. A written goal can be like a binding contract, motivating you to uphold your commitment.
