After impulsive trading and intraday trading the biggest mistake traders commit is a no plan in trading. Learn why planning is important in trading.
This series in continuation to the mistake traders to while trading or investing in stock markets.
No Plan In Trading:
After impulsive trading and intraday trading one of the biggest mistake traders do is no plan in trading. Traders trade just to make money, when you ask them how much they want to make in that trade, they fail to answer that question. When you ask them where you will take a loss, again they say they do not know, but then if pressured they will say they are absolutely sure that they will make a profit. This is am amazing traders psychology that ever experts fail to understand.
The above is a clear case of no plan trading.
They do not know where to take a profit or where to take a loss. This obviously leads to losses and then they turn to tips providers, for of course, more losses.
If the path to your destination is not clear, how will you ever reach there? You can’t.
Plan your trader well. Before you trade, ask yourself why are you trading this? What is the reason? What is your profit target? What is the maximum your loss you are willing to take? If all these are not answered, do not trade because you are trading without a plan.
Trading Without A Plan Is Dangerous.
No Goals or Objectives of Trading or Investing:
Yes we trade to make money. But just making money is not enough, you must know the following also:
- Why do you want to make more money?
- How much money you need and in how much time?
- If you are investing as a retirement planning then what is your target every month so that you reach your goals in time?
- What is the maximum risk you ate willing to take?
- What will you do if the maximum risk you are willing to take is lost while trading?
The above comes under goals and objectives of investing and trading. If you are not trading with any goals and objectives in mind your goals may not be met. It is not just money which is important, the time to achieve it is also important.
If you need 10 lakhs for your kids higher education and time left is 5 years, then you must ensure that you make and save at least 2 lakhs a year. This is 16,000 a month.
If you are losing money trading forget about reaching your goals, you may not be able to meet daily expenses after a few years.
If you are planning for retirement then you must be able to save and make at least one crore by the age of 60 to live a peaceful retired life. You read my retirement planning book to achieve that goal.
You can easily calculate how much you need to save every month to reach that goal according to your age. If you are not meeting your goal you are trading without a target.
Trade with a target and goal in mind. Trading without a target is like working hard to get something that you do not know you will ever get or not, and when.
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.
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