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find below how members and professional traders are interacting with each other:
Balancing your mind is just as important as analyzing markets. Your personality influences your perceptions, making it a key aspect of your success or failure. Managing money in your trading account is essential for surviving the inevitable draw downs and prospering in the long run. – Rajesh Gharde
Psychology, market analysis, and money management—you have to master all three to become a success… – Dr. ALEXANDER ELDER
I don’t fight with market , learnt hard way after loosing huge money in last 10 years ! Be flexible ! – Mr. Pratik Patel
DON’T CATCH A FALLING KNIFE. WHEN TREND IS DOWN WHY ONE SHOULD BUY THE STOCK . AFTER BUYING ON HIGHER LEVELS EVERYONE WAITING FOR YEARS PRICE TO COME . WHY CANT WE WAIT BEFORE BUYING FOR SOME DAYS, RIGHT OR WRONG ? SOME TIMES BETTER TO BE SIDE LINE FROM THE BOARD.
ONE SHOULD FOLLOW STOP LOSS TO TRADE ANY HOW TO AVOID GETTING TRAPPED . BEFORE WEEK ALREADY SAID NOT TO TRADE FUTURES AND KEEP POSITIONS LIGHT. OUR MEMBERS ARE SAVED FROM THIS BLOOD BATH BY NOT DOING ANYTHING…
“Keep your ego to a minimum. The market loves to humiliate boastful investors.” – Dr. Sagar.
-Traders’ questions reveal their stages of development. Beginners always ask about trading methods—what indicators to use, what systems to choose. They want to know the right Stochastic parameters and the best length of a moving average. Most newbies are so excited about profits and so clueless about risk that no fancy tools can save them from disasters.
-Those who survive the stage of original innocence move on, thanks to a combination of luck, work, or an inborn sense of caution. They learn to select trades and find where to buy and sell. They start asking why their profits are so inconsistent, if they know so much. How come their account is up 20% one month and down 25% the next? How come they can make money but not grow equity?
-Traders at the second stage often grab a profit and spend it before that money evaporates. They feel insecure about their ability to make money.
Traders who get stuck at that level keep bouncing up and down like a flower in an ice hole. To move to the next stage, a trader must overcome the biggest obstacle to winning—the person he sees in the mirror.
He must recognize his role in putting on impulsive trades, undisciplined trades, trades without stops. No matter how clever his methods, he is not a winner until his mind is in the right place.
Traders at that stage ask: “Do I have to put in stops or can I use mental stops?”
“Why am I afraid to pull the trigger?” “How come the trades I don’t take work out better than those I take?”
A trader who survives, succeeds, and moves up to the third stage feels relaxed and calm. His trading system is in place, his discipline is good, and he puts a lot of time into thinking how to allocate his trading capital and reduce risk.
These three stages form a pyramid, a structure with a broad base and a narrow top. The journey has a high attrition rate. – Dr. Sagar
“If patience as an investor were easy, it wouldn’t pay so well.”
– Joe Magyer
#Knowledge : Statutory Warning : Watching financial TV channels is injurious to WEALTH of Investors.
1) Investors are lured for day or BTST trades.
2) All trades are with Stop-loss but Investors rarely follow stop loss.
3) TV channel experts have their own Fee based advisory services and their appearance on TV channels is only for getting clients for their fee based advisory business.
4) Most of the Recommendations are stupid and nonsense . Buy A Ltd for a target of 112 with Stop-loss of 90 , present price 100.
5) There is very little discussion or knowledge sharing about Fundamentals of a company or valuation of a company .
6) Management interview or discussion are paid by promoters and does not add any value for the Investors.
7)So called experts acquire share themselves and for client at low price and then recommend share on channel at high price. – Manoranjan Das.