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TRADER PSYCHOLOGY 1.    Be flexible and go with the flow of the markets price action, stubbornness, egos, and emotions are the worst indicators for entries and exits. 2.    Understand that the trader only chooses their entries, exits, position size, and risk and the market chooses whether they are profitable or not. 3.    You must have a trading plan before you start to trade, that has to be your anchor in decision making. 4.    You have to let go of wanting to always be right about your trade and exchange it for wanting to make money. The first step of making money is to cut a loser short the   moment it is confirmed that you are wrong. 5.    Never trade position sizes so big that your emotions take over from your trading plan. 6.    "If it feels good, don't do it." – Richard Weissman 7.    Trade your biggest position sizes during winning streaks and your smallest position sizes during losing streaks. Not too big and trade your smallest when in a losing streak. 8.    Do ...

There is a big difference between having a real risk management system and believing having one. Our trading rules and our ability to follow them are the mirror of our beliefs about ourselves Even before placing a trade, you must have recorded in your mind the maximum acceptable loss. We are programmed to avoid losing and we are able to do everything for that. Even if it means losing much more… When you become consistent, you will realise every single frustrating moment you ever had. Actually had to happen for you to get there! Don't rush things, take it slow and master your craft. The markets aren't going anywhere... The most painful thing about your trading should be breaking your rules  If it's not then you have got trading all wrong... Divorce your ego. Marry your strategy. Win Rate is overrated. Risk-Reward is underrated. The trading system is always right Your thoughts and emotions are not.  A step-by-step solution that will solve around 80% of your trading problems. ...

Every time you break your trading rules Your confidence will drop. Protect your confidence, it's your greatest weapon. When you have a clear cut position sizing strategy and don't put too much weight on any one trade, the odds are in your favor. If you don't have winners and only losses, you don't have an edge. If you have big winners and still lose, you may have an edge but you take too many losers.  If you have big winners and too many small losses it probably means that you lack discipline. If so, work on your mindset. You have to backtest something you understand, otherwise your backtest will accelerate your failure. You CAN get rid of ALL the psychological traps detrimental to your success in trading by being aware of them and being able to name them.  The solution is having a systematic approach, even if you are a discretionary trader. Don't try to get rid of your emotions. Control them. Don't talk about your winning trades if you don't talk about yo...

- If you're afraid of losing money, reduce your risk. - If you're afraid of risk, think of probabilities. - If you're afraid of missing out, backtest your system more.   How to develop a trading mindset: Show up every day for 3-5 years. You can't learn from experience in 10 days. People overvalue their knowledge and underestimate the probability of their being wrong. Many traders win big in the first months but then disappear. The trick is to stay in the game.  The distance between your dreams and reality is called self-discipline. Your profit / loss is a distraction. Seek measurements of your processes, not your realized / unrealized outcomes. Humans are not machines.   They analyze information through the lenses of their experience, knowledge, and cognitive biases.  All of it makes their perception, their unique viewpoint.   Be realistic about potential market returns, and be aware of possible risk     Have a plan. In writing.     All technical indicators generate acc...

95% of traders lose... 1) They watch videos, they don't practice. 2) They want millions, they don't manage risk. 3) They give up on failure, they don't learn from it. To be in the 5% do what the 95% don't do. 80% of traders fail quickly. 15% of traders give up too soon. Only 5% stick with it long enough to win. Most traders don't plan their trades in advance . If you do, you have an incredible advantage. Trading is not difficult. Traders are just slaves to their minds. Your profit / loss is a distraction. Seek measurements of your processes, not your realized / unrealized outcomes. Learn how to hold winners & exit losers whilst trading; Now apply to other areas of your life & watch your happiness & success climb. Success is not built on success.   It's built on failure.  It's built on frustration.  Sometimes it's built on catastrophe. -Sumner Redstone IF your system has long-term positive expectancy THAN why are you constantly evaluating sho...

How to get more value out of your time. Joe Portsmouth Explains this in the below twitter thread.  @joe_portsmouth Are you using that time wisely? I heard about the time billionaire concept for the first time last week. @APompliano announced that he would be returning all outside capital from Pomp Investments to his investors. He cites the time billionaire concept as one of the main reasons why. Instead of making wealthy people even wealthier, he wants to: • Spend more time with family. • Continue educating the average citizen about personal finance, crypto, etc. How awesome is that? It sent me down a rabbit hole of trying to understand the value of time better. 1 billion seconds = 31.7 years The average human lives about 79 years. If you're 47 or younger, that means you're a time billionaire. You likely have 1 billion+ seconds left in your life. If you're 20, there's a decent chance you're a multi-time billionaire. But almost NOBODY thinks this way. Why is that? It...

A support is a level where the quantity of buy orders is higher than the normal due to previous bottoms of the price in that zone.   A resistance is a level where the quantity of sell orders is higher than the normal due to previous tops of the price in that zone. We know retail traders open short positions at the R and they open long positions at the S.  But we also know that 95% of retail traders lose money in the long term, so there is something behind it that we don't know.  Imagine a tug of war scenario in proximity of a S/R area. Balancing your emotions is the trick to control your emotions. If you win, stay calm. If you lose, stay calm. 90% of traders are destroyed by their mindset - They have an edge, but they don't execute. - They have a plan, but they break rules. - They have a goal, but they give up at the first failure. Master your mindset and success will follow. Trading is different. If you don't fall in love with competing against yourself, you will fail. I...

You are totally responsible for your performance as a trader ; therefore, you should devote significant time to working on yourself in order to be successful. It's important to know your initial risk in a trade before you enter a position—this allows you to ensure that your trade has a favorable probability for a sufficient reward-to-risk ratio. In other words, it will help you cut your losses short and let your profits run. Calculate the R-multiples of all your trades ; this allows you to think of a trading system by the distribution of R-multiples it generates. Measure the quality of a trading system by its SQN® score. The SQN score tells you how easily you can meet your objectives through position sizing™ strategies. Position sizing strategies help you meet your trading objectives. There are as many objectives as there are traders. You can easily develop a Holy Grail trading system for any one market type ; however, it is impossible to develop a system that will perform well i...

How to step up in trading 1. System Creation   - Test   - Try   - Learn   - Repeat 2. Execution   - Trade your system   - Follow your rules   - Win/Lose   - Repeat 3. Scalability   - Set a weekly/monthly/quarterly target   - Reach it   - Increase it gradually   - Repeat Make a plan. Then trade like a robot. No emotions. Only execution You learn more about yourself trading for 1 year Than working in a 9-5 job for 10 years. You need 3-5 years: - To develop a trading system - To master your own emotions - To develop valuable skills (confidence, discipline, etc.) Trading is a journey. Act accordingly. Warm Regards, Atul.

Trading is the most underrated thing in the world. With 1 click you can compound your money like no other business. "Even a poor trading system could make money with good money management." ― JACK D. SCHWAGER, THE LITTLE BOOK OF MARKET WIZARDS: LESSONS FROM THE GREATEST TRADERS If you wanna give up, just don't.  In 10 years you will thank yourself instead of having regrets. 1 hour of studying price action is pointless. 1 hour of studying price action for 365 days is life changing. Trading success is consistency. Most traders think trading is winning the lottery. It actually is consistent wins over years. The first step of every successful trader: Failure. "It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." -- Warren Buffett Warm Regards, Atul.

No You Can't sell 10 lots of nifty options with only 5000 RS margin. As per SEBI Margin Rules even if you sell 1lot of nifty Option of 1 Rs you will require min 1 lac approx. To calculate exact margin You can use Zerodha Margin calculator for free using below link  F&O margin calculator - Zerodha Margin Calculator Warm Regards, Atul.

Most blunders in trading happen when you're trying to control the uncontrollable. Only control what you can and leave the rest to fate. Things will be much better this way. Trading & Investing is not a get rich quick scheme The day you plant the seed is not the day you eat the fruit Have Patience & Think Long Term A trader who can't execute a trading system is an undisciplined trader You just need to master 1 trading setup. But most traders are impatient and want to take every market movement.  Be a sniper, not a machine gunner The most difficult part of becoming a successful trader is not making money, It's learning how to change your mindset. A disciplined trader will always beat an intelligent trader. Fear, greed and self-doubt have no place in the disciplined mind. Many traders say you just need a winning system. But trading is: - 1% system - 99% mindset Very few traders remember this. Trading is not money. Trading is strategy, risk, emotions, patience, ex...

I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade.  3. I completely accept the risk or I am willing to let go of the trade.  4. I act on my edges without reservation or hesitation.  5. I pay myself as the market makes money available to me.  6. I continually monitor my susceptibility for making errors.  7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them. - Mark Douglas,  Trading in the Zone.

1. Anything can happen. 2. You don't need to know what is going to happen next in order to make money. 3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. 5. Every moment in the market is unique." – Mark Douglas

"When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance."  – Mark Douglas A mistake is when you don't follow your rules. If you don't have rules in trading, everything you do is a mistake.  – Dr. Van K. Tharp "If your goal is to trade like a professional and be a consistent winner, then you must start from the premise that the solutions are in your mind and not in the market."  – Mark Douglas

Leave your expectations at the door. Enter the market with an open mind. Stay laser-focused on trading well. Trading is crazy. If you are a successful trader... You will become very dangerous with a computer and an internet connection. A criminal can impersonate his looks, hairstyle, clothes etc. except his height. That's where detectives focus. Likewise it is not possible for an institutional investor to hide their volume and change in open interest. FOCUS THERE. Fear of losing disappears when you start thinking about probabilities. Warm Regards, Atul.