Today was very disappointing to me. Because BSNL stopped working the internet in some part here and we missed the morning trading session. We missed ABAN off shore which was recommended by the trading system. Aban then shot up to 10%. When I start trading around 10.30 AM; within few minutes we missed another chance in IGL. I dont know why I ignored this share though it was recommended by the trading software. May be the day began with some negative way. Though we could make some gains in Tataelxi and Motherson sumi, towards the end both these share started coimg down and we accumulated loss. So overall a very miserable day. We made an Overall loss of 940 from our trading capital of Rs 10,000. so coming days will be going tougher. But We are not changing the straegy. As usual play in 3-5 shares daily to get the return similar that we made last week.
So I decided one thing
Only
trade during your planned trading session
Psychological Disciplines:
Believe in yourself and your judgment. You must be confident in your edge and your
ability to utilize it. (Build this
through past trading demo/live)
Accept your losses and don’t focus on them. Don’t even take note unless there are either
an exceptional number of them or there are 3 in a row.
Accept your wins and don’t focus on them. Don’t let your winners turn you into a
euphoric pip god.
Measure your trading success by your profitable
trading days in a row, not individual trades.
Never fret about missing an opportunity. Patience is key, and opportunities abound in
this market.
Keep a journal of each and every trade. (If you are trading so fast that you cant
take a pic in-between trades then you are overtrading)
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