Akash Kumar Profile picture
Sep 7, 2018 9 tweets 3 min read Read on X
It's friday. No #Banknifty trades. Let's revise some of the best takeaways form "Trading in the zone" (1/n)
There is a big difference between predicting & executing trades. Predicting what market could do is easy - executing trades is more complex. It takes confidence, humility and #discipline to properly execute a #trade. (2/n)
Trading is all about thinking like a chess player - anticipating all #possibilities and #probabilities. (3/n)
Great #traders execute trades without hesitation, and quickly admit wen a trade is not working. (Very important for #BANKNIFTY traders :P) Fear can overtake rationality. You need to truly accept the risk to trade without fear or discomfort. (4/n)
Fear causes errors:
- get in to trades too soon or late
- turn small losses into big losses
- get out too early on winners
- turn winners into losers
- stop out to see it turn into a win (5/n)
You must take responsibility for everything that happens. Market will do whatever it wants so your only two jobs are trade selection and trade management. (6/n)
Stop system hopping and chasing holly grail. Instead, define your edge and follow the process of skill development and execution. (7/n)
View trading for what it really is - a process of possibilities and probabilities. Focus on skill development and trading plan execution.
Find a trading style that fits your personality and risk tolerance. (8/n)
3 Steps for disciplined trading:
1. Predefine your risk before taking a trade
2. cut your losses without hesitation
3. use a systematic money management plan. (9/n)

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Akash Kumar

Akash Kumar Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(