1. Fear, greed and hope makes an individual completely irrational and also brings the sense of complacency in an individual. When an individual is successful that is the time an individual is more prone to commit errors as greed overtakes the better part of a human being. Loss making positions give rise to fear factor i.e. the fear of booking the loss and profit generating tips give rise to greed factor.
2. One should remember that hope is the most dangerous emotions among all the emotions being experienced by an individual and one should understand that one has got into its trap when an individual starts asking the fellow traders regarding the market direction, feels that the government will bail them out and this is the correct juncture when one is required to book a loss and it requires a lot of will power and strong heat to undertake the loss. ALways remember that largest losses come from smaller positions as after a winning streak we let these mount and thereafter it becomes unmanageable.
3. Being a successful trader involves being able to regularly book profit from the stock market and also one should not bask in glory of success as one must analyse each aspect of trading i.e. when one is winning or whether one is losing.
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2. One should remember that hope is the most dangerous emotions among all the emotions being experienced by an individual and one should understand that one has got into its trap when an individual starts asking the fellow traders regarding the market direction, feels that the government will bail them out and this is the correct juncture when one is required to book a loss and it requires a lot of will power and strong heat to undertake the loss. ALways remember that largest losses come from smaller positions as after a winning streak we let these mount and thereafter it becomes unmanageable.
3. Being a successful trader involves being able to regularly book profit from the stock market and also one should not bask in glory of success as one must analyse each aspect of trading i.e. when one is winning or whether one is losing.
Subscribe To Get Free Stock Market Tips in Email Here
