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In share and stock market you can make profit as well as you will have to face a loss. A successful Trader is one who always ready to accept that i can face a loss as well. They have a quality to balance both profits and losses such that at the time of net balancing he would always make a profit.
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www.tradeindiaresearch.com How can one become a successful stock trader in India? In share and stock market you can make profit as well as you will have to face a loss. A successful Trader is one who always ready to accept that I can face a loss as well. They have a quality to balance both profits and losses such that at the time of net balancing he would always make a profit.
www.tradeindiaresearch.com To cut our loss short you have to follow following tips:- • Start with small Amount:- I f you are New Trader then I suggest you to start with very small Amount. Why? Because at starting you don’t know about market very deeply and taking risk with large amount may be dangerous. So start with small amount and examine it very carefully that how it flows and what’s the procedure for starting trading. • Now if you get profit than it is good, but if you lose than do not stop taking risk as may be risk make sense, as in market you will get profit as well as you get loss. Continue your trading sometimes you will get profit and sometimes you will get loss. • Then after a few attempts look at the profit and loss ratio. If the hit ratio is higher than 65% than you can continue to take risk because it is more often than nothing. But if the ratio is in between 30%-40% than exit the Trade. The market may turn around in their favor after they have exited via stop loss but at least they have enough capital to take more trades.
Successful Trader do not Trade emotionally. That means if you have a loss in first stock then it doesn’t means you have to buy shares/ stocks of any other company without any analysis. • A successful trader keeps on focusing on the market in details and point out future scenarios even if it is not related to their trading directly. They always review their stocks and see how would they do better and recover loses. • A successful trader stops trading until they are psychologically fit and fine. So the conclusion is that in share/ stock market you will have to face both losses as well as profit. You must be ready and mentally fit to do Trading. Do not Trade with frustration. If need than take the help of financial consultancies like TradeIndia Research.
