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Sunday, September 28, 2014

Trading Stocks and Options

Trading Stocks and Options blindly without a Monthly Plan of Profit or Loss IS LIKE KEEPING YOUR HANDS IN HOT BOILING WATER.







WHAT IS THE PLAN: WHAT SHOULD BE THE PLAN :

1)  HOW MUCH PAIN IS THE REAL PAIN YOU CAN ABSORB IN A MONTH.

2)  ARE YOU READY FOR KEEPING YOUR HANDS IN BOILING WATER.

3)  CAN YOU STAY EMOTIONLESS - NO STRESS, NO HAPPINESS, NO GREED NO FEAR.

4)  HOW MUCH YOU WANT TO EARN MONTHLY

5)  HOW MUCH CAPITAL YOU WANT TO INVEST

6)  HOW MUCH LOSS CAN YOU BEAR FOR A MONTH

7)  ARE YOU TRADING WITH YOUR FULL CAPITAL? JUST THINK ABOUT IT.

8)  ONLY 10% OF YOUR CAPITAL MUST BE INVESTED EVERY MONTH.

9)  WHAT IS THE TIME HORIZON YOU ARE FOLLOWING WHILE TRADING INTRADAY

10) ARE YOU USING ANY TECHNICAL INDICATIORS - MOVING AVERAGES ETC.


FIND ANSWERS FIRST, THEN TAKE A PAPER, PUT THE SAME ON THE DESK WHILE TRADING!

3 comments:

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