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Avoid The Fear of Losing
Avoid The Fear of Losing
2. SPECTACULAR FOUR SETUP, IDENTIFY THE 20 EMA 200 EMA CONGETION ZONE, CATCH
SLOPE OF THE 20 EMA DIRECTION, PULL BACK ENTRIES, TRADING THE GAPS, TRAPS IDENTIFICATION,
TRADING BREACK OUTS. SPECIAL GUIDENCE WITH 8 EMA,13 EMA. IDENTIFICATION OF TRENDING DAY
OR CONSOLIDATION DAY and “NO MORE”
2.Risk Management- DON’T LOSS MORE THEN “ONE BAR”. 1:3 RISK TO REWARD.
3.Trading Psychology - LEAVE EMOTIONS OUT !!. TRADE WITH LESS SIZE. DETACH FROM ₹₹₹₹.
Stop trying to know everything. Stop trying to “figure out” the market.
YOU CANNOT CONTROL THE MARKET….
The ONLY thing you CAN CONTROL is YOU!
You cannot predict the outcome.
You cannot control if the market will move in your favor. You cannot
pullbacks/rejections.
YOU CAN control how you perceive these things.
Plan the trade and trade the plan:
Understand the WORST which can happen BEFORE entering the trade :
A big reason why trades don’t accept losses is they are trying to control every
little outcome and they want to be right all the time.
You CANNOT avoid losses. I have losses. The best trader on Dalal street have
losses.
What we can AVOID BIG is LOSSES.
What we CAN do is figure out the best way to manage our analysis if we are
incorrect and make sure it’s as small as possible.
One of the great tools of trading is the STOP, the point at which you divorce
yourself from your emotions and ego and admit that you’re wrong. “the market
doesn’t know whether you’re long or short and it could care less.”
You’re the only one who’s emotionally involved in your position. The market’s
just reacting to supply and demand and if you’re cheering it one way, there’s
always somebody else cheering just as hard that it will go the other way.
Taking a loss is hard to do because it’s an admission that you’ve been wrong.
But in the market, being wrong some of the time is part of the game.