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1 281
LT we have been bullish and adding few more positions as it has started moving in favour
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Anticipation of and waiting for a breakout makes one nervous, and many traders exit the position solely because they are anxious. Develop "Sit Out Power" & learn to tolerate boredom
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Markets are trading in a narrow range. Time to sit sideline.Wait for congestion, do your homework & trade on the direction of the trend post congestion. Whipsaws are responsible for many of the losses. Let the suckers lay the foundation.
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Your goal as a trader is to make as much money as possible when it's EASY to make money, so that you can sit on the sidelines when it's HARD to make money.
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Be patient. A professional day trader does not trade every 5 minutes.
Sitting in silence, waiting for an opportunity is much like a cheetah, hunting for food. Not every chase results in a kill, and if the cheetah runs after every opportunity, it will soon run out of energy.
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Except positional system trades not done anything much so far. Trades done for scalping only today. Reason being non trendy intraday moves and VIX rising.
At times youβve to develop βSit Out Powerβ and save your energy & funds for the meaningful ideas. π§π»ββοΈπ§π»ββοΈ
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Worry is a form of negative thinking different from depression. Depression tends to be backward looking, blaming the self and casting doubt on the future. Worry is forward looking, anticipating that bad things will happen. The depressed person says, ββI canβt.ββ The worried person says, ββIβm afraid to try.ββ A common observation among traders is that worry can lead to problems with ββpulling the triggerββ on sound trade ideas. More psychologically attuned to potential loss than reward, the worried trader takes the ββsafeββ route and fails to act.
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One of the habit patterns most important to cultivate as a trader is the ability to lose in a way that gives you energy, rather than robs you of initiative.
