2 Mistakes a Trader must avoid to make money | Blog Brings Profit For You
  • Recover Lost Money Plan

    A number of traders have lost their money in the market due to wrong trading advice or wrong decisions and emotions. We keep on getting a number of requests for helping these traders recover their lost money. Thus, this was the genesis of Recover Lost Money Plan. We are proud to say that till date we have helped 1290 people recover their lost money. Recover Lost Money in Market

  • Our Most Successful Intraday Tip

    Jackpot tip, as the name suggests has the potential to make you a Millionaire as it is not the number of tips one trades; but it is the accuracy of a single tip which has the potential to make you a Millionaire. This tip is a value for money for all i.e whether one can see the trading terminal or not or is dealing through a broker on phone at BSE, NSE or in Future and Options segment.
    Click on Jackpot Sure Shot Tip to know more...

Subscribe to this blog

Subscribe to full feed RSS
What is Daily Market State???
Enter your Email

Preview | Powered by FeedBlitz

2 Mistakes a Trader must avoid to make money

Posted By On 2/08/2009 08:53:00 AM Under

1. One of the mistake which one must avoid is the tendency to book profit early and in turn one is missing the trend. Avoid the tendency of trading against the trend as in that scenario one will be booking profit early in huge multibaggers and one will be sadlled with loss making stocks in the portfolio. As a rule ride the trend as far as possible. One can have a simple rule that one will exit when the stock price falls belwo 7day moving average and that way one will be riding the trend high. One can increase the DMA for number of days as per the risk profile of an individual but once identified make sure to stick to it.

2. Another mistake which one has to rectify is the aversion to book loss and as a result one is saddled with huge loss. One can have a thumb rule that if a stock falls below 50 DMA one will book the loss and exit from the stock.

3. In a nutshell one can say that if one is able to ride trend and is able to book loss and even if succes to loss ratio is 40%-60% one will be able to make a lot of money from the stock market.

Most Read Content