≡ Menu

How To Be A Better Trader In 2018

Save Money on Options and Futures Trading

Traditional brokers take away a lot of money by charging high brokerage in each lot traded, however this broker does not charge for each lot. If you trade 5/10/100 lots in a single order they charge only Rs.20/- for each order traded irrespective of lots being traded at different times. Same for exiting. If you exit all 5/10/100 lots in a single order your total brokerage comes to Rs.40/-. And they do not charge anything for buying & selling stocks. It takes 5 minutes to open an account online. Click here and Open Free Account with them today >>

Read to know how you can improve your trading skills and become a better trader in 2018.

If you do not plan well you will not succeed in anything that includes everything not just stock market trading. Your first job should be to learn from your mistakes.

1. What mistakes you did in the year 2017?
2. Was your money management skills poor?
3. Did greed overtook you and you traded more than you could afford?
4. Why you did not take the stop loss as planned?
5. Did you take tips? How much you lost on tips?
6. Any research you did on trading? If yes what was the result?

If you answer the above honestly you can improve your trading skills in 2018.

Here are some more ideas.

Do not forget that 95% of traders lose money. Only 5% of traders make money and make a living out of trading. They succeed because they have a plan – a tested plan that they stick on for a long time until it needs a change.

Here are some important things you must do before you start trading in year 2018 to get better results than 2017.

Review Your Top 5 Big Winning and Losing Trades You Took In 2017

If you want to know the big mistakes you need to study the big losers first. Remember that losing trades are your best teachers. Second best teachers are your winning trades. Try to go back to historical rates and analyze why you took those trades and why you lost. Be honest with your review else you will be wasting time.

Reasons can be speculative trade or tip trade etc. If you suddenly increased the lot size then why you did that. You may have fallen for greed but what was major reason for that. Write it down.

You might find common things in the winning trades and losing trades. Focus your research on the common things.

Common things can be like – correct lot size, correct entry time, India VIX was supportive, profit taking at exact pre-decided position, positional or intraday trading, hedge / no-hedge etc.

In 2018 Start To Write Trade Details for Every Trade

Details for every trade will give you insight of whats correct/wrong with your trading. Eliminate the wrong as soon as its confirmed that you are repeating that mistake. A mistake can be due your certain behavior. Learn to control that behavior. Quickly eliminate the destructive patterns of your behavior.

Write Your Trading Goal For Each Month Before You Begin Trading For The Month

To improve your trading skills you need to focus a month not every trade or each day so that you have 30 days to get results. To improve think about the bigger picture not the smaller picture. Trading journal of one month will give you ideas to improve your trading skills next month like it can be not to over trade and wait for opportunity.

Review Your Trades End of Week

Saturday and Sundays are non-trading days. Use weekends to review your trades done in the week and try to know your mistakes or the good thing you did that week in trading. This will help you to review entire month at the end of the month. Write down your trading flaws like indiscipline or any other thing.

Once you can identify the sources of your failures in trading you can figure out what to change to make you a successful trader.

Get Good Training In Trading

There are many people teaching good strategies. But you should chose a good teacher. You should know what you will learn and if their teachings can help you out. Do not forget that trading is very hard not an easy job to master as only 5 out of 100 traders make money in the long run. If you can do it on your own research skills its good, but there is nothing wrong in investing in a course made by people who are already a few steps ahead of you who have to help you become a better trader. A good course helps you to save time and money to do the research yourself. This will shorten your learning curve. This will give you someone to hold yourself accountable everyday, and give you someone to support you on a day you are losing.

My conservative option course has helped many traders trade successfully Nifty Index options and make a monthly income month after month since 2015. Its peaceful trading where lot of research is not required. Trade set up does not even need a lot of time. You can do the course by paying a small fee which is nothing compared to the losses you suffered last year.

Get Equity Buy & Sell FREE Demat Account
Privacy Policy | Disclaimer | Call 9051143004

TheOptionCourse.com Copyright @ All Rights Reserved
Dilip Shaw, Founder

COPYRIGHT INFRINGEMENT: Any act of copying, reproducing or distributing any content in the site or newsletters, whether wholly or in part, for any purpose without my permission is strictly prohibited and shall be deemed to be copyright infringement.

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. 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.

How To Trade During Earnings Season
How To Paper Trade A Stock Trading Strategy

About the author: I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

{ 1 comment… add one }
  • Selvamani January 3, 2018, 8:18 pm

    Dear Mr Dilip, Your suggestions and ideas are very helpful and noteworthy. If followed, they will certainly prove profitable. I will try my best to follow them.

Leave a Comment