How To Regain The Lost Confidence And Win in Stock Marketby Subrat Das Slas Financial Services
From a research, it is found that 80 percent
retail traders lose money in the stock market in first 2 years. These retail
traders start losing confidence after continuous loss and after substantial
loss of wealth over a period of time their confidence is totally lost.
How these traders will win back their
confidence and what they should do to start making the profit in the market?
It is found that the most of the traders
loss in stock market due to flaws in trading styles. This generally happens due
to ignorance of the trading rules and emotional incompatibility. When the traders
see that they are losing regularly, it is time to stop trading and start
analyzing where they are going wrong. These can be done in following ways.
Traders need to take the previous trades and start analyzing where they are going wrong. They should check primarily following things.
Are they having proper exit and entry rules?
Are they following the rules regularly?
Are they putting stop loss in correct place?
Are they are doing proper technical and fundamental analysis before entering the trade?
If the traders are able to analyze them and find where they are going wrong they should immediately correct and restart. But if not able to do them then It is best to take help of experts .If they feel that they are not properly equipped in terms of technical or fundamental analysis, then he should take training courses from training institutes like SLAS Financial Services or NSE training academy. After that the traders should start trading on small amounts ensuring the correct trading trading styles.
d. Convert small to big slowly:
With profit in small trades the confidence will grow slowly. After minimum 3 months of successful trading in small amount one should start trading big. But never forget the fundamentals. Always use stop loss. The bigger the trade the more important is stop loss. Always do the analysis before taking the trade not after the trade is taken. Follow the rules with all the discipline and success will be yours.
This Article is written by Subrat Das, an IIT & XIM alumni with 14 years experience in stock market who discusses about the importance of Technical Analysis Course in Odisha SLAS Financial provides home loan, personal loan, study loan and business loan in Bhubaneswar. For more details or queries, please visit our website http://www.slasfinancial.com or email us at email@example.com
Created on Oct 27th 2017 05:58. Viewed 126 times.