Lock down had given Best time to prepare yourself for the recession that’s ahead of us.
- You Can’t bet on job.
- You Can’t bet on business.
- You Can only bet on your own Learning which should not be outdated.
In Trading most important thing is to focus on Learning.
Do NOT experiment with capital and bust your trading account
New Traders should focus on Learning below aspect of trading
- Find out how to trade
- How to find a trade,
- How to manage a trade,
- How to manage your Monkey Mind
This has to be done BEFORE you start trading. Don’t toss a coin and trade. Trade with proper understanding.
Someone Rightly said “Those of us who don’t learn from mistakes are destined to repeat them.”
What has happened to Markets in Jan/Feb -2016 was the reminiscent of May 2006. Most of traders had no clue such a big fall can come.
Most traders are busy focusing on trying to understand what moves the market they will look for lot of figures , chasing news like Fed Policy, RBI Policy , but most of traders do not focus on what causes you to move.
The single most important thing thats important in trading is what causes you to move.
This involves knowing the underlying, often subconscious to a degree, reasons behind your entries and exit decisions. The inner market.
In general, P&L is an expression of how well you control your actions, not how well you analyze charts, the market Or more accurately, how well you control your actions when facing the discomfort of uncertainty.
Mistakes become disastrous when we choose not to learn from them.
Not wanting those moments where we can see the truth about our own issues ensures they return again.