How Element of Hope works in Stock Market? | 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

How Element of Hope works in Stock Market?

Posted By On 3/04/2011 12:04:00 PM Under ,
It is said that life works on "HOPE" and same element is applied by our traders who do not follow a constant style of trading. Please remember that  element of "HOPE" is bad for trader and is equally bad for his portfolio as this step emanates from not following a single trading style.

hopeElement of hope gets for an individual as he is not following a proper trading plan as professional traders plan a trade first and than trade the plan whereas the novice trader performs executes the same in reverse manner.

One can avoid this mistake by understanding the consequences of the trade which can be either trade goes in your favor Or trade goes against you.

As a matter of fact before executing a trade be ready with an answer for two questions namely

Question. What would you do when the trade goes in your favor
- Essentially, Your Profit Booking Plan.

Question. What would you do when the trade goes against you?
- Essentially, Your Exit Plan (Stop Loss, etc.)

As a thumb rule one has to stick to the plan no matter what and If your stop loss is hit, close the trade and move on to another trade and never hang to a losing trade, ever as flexibility is good only in war.

Click Here to Get Free Stock Market Technical Analysis Tips and Charts in Email

Most Read Content