10-3-317
Vidyanagar
Karimnagar, Telangana 505002
ph: 9704106060
amukthai
One of our clients shared his disciplining way with us. He only enters trades at ideal setup points. He never chases the market. When he misses a good entry point, he just lets the market go on without him. He says, “If I don’t trade, at least I will not lose.” He just moves on to do something else, such as watching movies or playing games or reading books.
This is a good method for all of us to consider. Don’t keep watching the computer monitor, desperate to make a move. Beware of trading under the influence of market impulse. Market impulse is dangerous. Remember Discipline, Discipline, and Discipline.
There will always be good setups for good trades, so don’t become obsessive over “the one that got away.” And never chase the market movement after the fact. Always follow your predefined and well-tested entry and exit rules. When you are intending to enter a trade, briefly evaluate the Reward/Risk ratio. You need real-time stops as guidance to help you manage your trades. The detail settings and signals are objective, so the influence of emotions and market impulses can be reduced if you follow the signals with discipline.
Copyright 2011 Amuktha Investments Consultancy LLP. All rights reserved.
10-3-317
Vidyanagar
Karimnagar, Telangana 505002
ph: 9704106060
amukthai