If you are a new trader you must be struggling as a stock trader to make profitable trades. This article will give you 10 good tips to make your trading career successful faster.
In short three things are very important to be a successful trader:
1. 100% Control over Greed and Fear,
2. Proper Planning in Trades, and
3. Proper Risk and Financial Management of Your Portfolio.
Without control on the above, its almost impossible to become a good trader. Treat your trading career as a job.
Here are some more important tips to become a successful trader:
4. Focusing is Important:
Like an eagle you must be focused in all your trades. This is the reason you should take maximum of three strategies at any given time-frame. Anything more than three, you will lose focus. For example in one strategy there can be three-four trades interlinked to each other, so total trades become more than 9 or 10. Anything more than that, its hard to manage.
Record all your trades, and then narrow down to the ones that works best for you.
5. Use Moving Averages:
For most of my trade set ups I use moving averages. In fact I am a very SIMPLE TRADER so I go for Simple Moving Averages. A Simple Moving Averages (SMA) is an arithmetic moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods.
I look for 20 day SMA which is good for short term targets, and 50 day SMA which is good for long term targets. On top of that I do proper financial management also. For example how much to invest for a particular trade/investment. Some take a larger portion, some smaller, some average depending on what my research concluded.
The above combined simplifies my profit and losses. For example say if I take a very small risk in a stock and wiling to exit in profit only, then my maximum holding period is 6 months. But if the risk is large, then of course I keep a strict stop loss and when profits comes I keep a trailing profit booking system to maximize the profits.
It’s VERY HARD to describe exactly what I do else I would have made a course on lots of things to make money from stocks markets.
Now what I will say you won’t believe – for me making money from stock markets is now VERY EASY. I fail to believe why 99% of traders lose money when there are some very easy ways to make money. In fact I feel strange that why I also lost money when I started trading. It looks small but that 7 lakhs was 95% of my total net worth. 🙁 To survive I had to take a personal loan of 1 lakh.
Anyway its now easy for me to make money from stock markets. One of the easiest of them is already in my option course. In the course you will learn hedging options with options, hedging future with options and hedging equities with options. As far as hedging is concerned my course will teach you all the best ways to hedge Options, Futures and Equities making sure if you follow you will make small profits consistently, losses if ever be very small due to hedge.
I also invest and trade mutual funds, invest in short term stocks & long term stocks with different risk management. There are so many ways to make money from the stock markets but it’s very hard to teach all of them to all of the people, so I have just limited it to my course. By doing it at-least you will also start making profits. Making profits is more important than losing money – how-much ever the profits are it does not matter. If profits are consistent, you can compound and make huge money over time.
6. Study Different Time Frames:
Especially if you are a Intraday day trader you need to study different time frames. Some stocks perform better on 5 minutes charts, some on 30 minutes and some hourly charts. For volatile charts 5 minutes is better, and for slow movers longer time frame needs to be studied.
Daily chart patterns is the best way to analyze a stocks move, because it tells the bigger picture.
7. Learn to Manage Your Risk:
I have said this earlier and repeating again. Different trades needs different set ups and risks involved. Risk does not just means the stop loss but it also means what percentage of your portfolio you are going to invest in a trade.
Remember that no strategy is a guaranteed winner – risk is involved, so you have to decide how much to risk.
Proper risk management means sticking to stop losses, sticking to targets, and risking a small portion of your account on every trade. If you are a new trader its better not to risk more than 5% on a single trade of your portfolio.
With proper risk management rules you can be right half the time and still make money trading.
8. Keep a Good Trading Plan:
Your trading plan should come with a reason. Before taking a trade ask yourself – what makes you take this trade? If the answer you give to yourself satisfies you then take the trade. If the answer is because a tip provider said so, or a broker said so, then do not trade.
Your trading plan must have a sold reason.
9. Your Mental Capital & Mental Health, Both Are Important:
Your mental capital is as important as the capital in your trading account. By mental capital I mean control over your emotions – fear and greed and any other emotion that can destroy your trading plan.
Losing your focus means losing money.
An easy way to waste your mental capital is revenge trading. DO NOT TRADE TO TAKE REVENGE ON STOCK MARKETS. Stock markets does not know you or even Warren Buffet – so why do revenge trading? Stock market is a non-living thing. If you trade to take revenge on stock markets you will destroy yourself, not stock markets.
10. It Is Good To Have A Mentor For Help In Trade Set Ups:
If you are new or even experienced trader and losing money trading, it is better to get a mentor. Trading by yourself can be challenging and it will increase your time taken to learn good strategies. Finding a trading mentor is essential for your trading success. If you can get a mentor you will avoid trading mistakes yourself and save a lot of money that you can lose by speculative trading. You can learn from your mentor’s experience without suffering yourself. Finding an good mentor will save you years of suffering and lakhs of rupees wasted on researching yourself.
You Can Read More On My Site
Hi, I am Dilip Shaw, owner of this website. I am a trader like you. I have been trading since 2007, but lost a lot of money till 2010. I then stopped trading and studied options like college exams. Started trading again from 2011 and never looked back since. I did a lot of research, read books and did countless paper-trading before being profitable. You can read about me here.
My conservative trading course since 2014 is helping many retail traders just like you who have a job or business make consistent profits like this:
What Traders Say About This Course
Testimonials Year 2015
Testimonials Year 2015 Page 2
Testimonials Year 2015 & 2016
Testimonials Year 2016
Testimonials Year 2017
Testimonials Year 2018
Testimonials Year 2019
Testimonials Year 2020 to 2023
What People Say Just After Reading My Course
Emotional Testimonial by a Young Woman Trader and Her Mother
One Of My Client Is Making Rs.25k Per Week
Difference Between Other Courses And Mine
What Others Charge for Courses
You can do this course from your home. Some traders make amazing profits like Rs. 16.26 lakhs profit in 5 days though results may differ for all.
This course helps you learn to trade conservative option strategies for monthly income. Once you finish the course you can start trading immediately. You can start trading from any day. No need to wait for expiry. You will make profits consistently.
This course is good if you have a regular job or business. You DO NOT NEED to monitor your trades every second.
What You Get?
Before reading please understand that for all 5 strategies, strike selection will be taught. Strike selection while trading Options is the most essential part to succeed.
You get two conservative non-directional strategies on options, one conservative stock option strategy and two conservative directional strategies on Future & Option combination.
Non directional trades are profitable 80% of the times and make 3-5% per trade (Results may vary).
Directional strategy makes money fast. It does not matter which side the stock moves. In fact you make more when you are wrong in the Future trade. 🙂 Some amazing profits possible here.
The stock option trade makes 30,000 in one trade and if SL is hit there is a way to recover losses plus make 30k in that trade.
Technical knowledge is NOT required. No need to monitor trades every second.
In the course you will learn how to select the strike prices. You learn when to trade, which strikes to sell which to buy, how much profit target you should be looking for, the best place to take stop loss and what to do after taking stop loss – means how to get that money back. The success rate is more than 80%.
Since trades are properly hedged there is no stress in trading my strategies.
I am very confident that you will make money trading my strategies. To help you succeed I offer few months support for FREE.
11 Reasons Why You Should Do The Course:
1. TA Knowledge NOT required
2. NO Software Required
3. Regular Monitoring NOT Required
4. Continue with Your Job
5. Do Course From Your Home
6. 100% Hedged
7. Stress-Free Trading
8. Not too much money needed to trade
9. Scaling Possible
10. One Time Fee
11. FREE Support For Months
To know more Call/SMS/WhatsApp me on 9051143004 or email me now. I know English and Hindi.
Read the details of the course here.
If you want to enroll for the course you can do so here.
P.S: So many years of trading has thought me one thing - it is always better to make small profits month after month, rather than lose money month after month trying to make too much money. It never happens. But small money accumulated month after month can become very big in only a few years.
WhatsApp or Call me: 9051143004
If you have any question you can contact me.
You can read about me here and my trading mistakes here.
Dilip Shaw, Founder
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INCOME DISCLAIMER: Any references in this site of income made by the traders are given to me by them either through Email or WhatsApp as a Thank You message. However every trade depends on the trader and his level of risk taking capability, knowledge and experience. Moreover stock market investments and trading are subject to market risks. Therefore there is no guarantee that everyone will achieve the same or similar results. My aim is to make you a better & disciplined trader with the stock trading and investing education and strategies you get from this website.
DISCLAIMER: I am NOT an Investment Adviser (IA). I am an Authorized Person (AP) of a Stock Broker. In other words I am a sub-broker. I DO NOT give tips or advisory services by SMS, Email, or WhatsApp or any other forms of social media. I strictly adhere to laws of my country. I only offer education for free on finance, risk management & investments in stock markets through the articles in this website. You must consult an authorized Investment Adviser (IA) or do thorough research before investing in any stock or derivative using any strategy given in this website. I am not responsible for any investment decision you take after reading any article in this website. Click here to read the disclaimer in full.