Two major points a new trader should remember to make profits?

General
1

Hi All,

Two major points a new trader should remember to make profits ?

Regards.

2

Well, I’m sure there are more than just two points. But if you insist on just two, here they are -

  1. Understand Risk

  2. Develop a strategy

3 Likes
3

I would say a well defined strategy (without which do not enter any trade blindly) and the ability not to fall for emotions (prey to false indications)

1 Like
4

  1. Point no. 1, never make any loss.

  2. Remember point no. 1

5

1)Plan the Trade

2)Trade that Plan, period.

6

  1. limit the loss : if the trade is going in the wrong direction for you, take the loss and exit, instead of hoping the direction will change in your favour.

  2. let the profit ride : When the trade is going in your direction, let it continue to accumulate until it hits your trailing stop loss.

1 Like
7

  1. Understand the market

  2. Analyze it before invest

8

hi friend,

  1. BE GREEDY WHEN EVERYONE’S HAPPY

  2. BE HAPPY WHEN EVERYONE’S GREEDY

these 2 points explains lot

9

Thanks Karthik, These 're my first instructions going to be remembered for life…

1 Like
10

Astro, I am going to remember your tips , much thanks , Bro.

11

Great , But it seems a single point with two ends , lol. very nice. Sudesh …

12

You mean action , I got that , thanks Sdg.

13

Excellent , Trade100

14

Priya, It means … These are the two pillars , Thanks …

15

It is main starting point to enter the market.

16

Hope I get that smart one day , thanks Nagesh …

1 Like