There Are Some Important Things to Consider
Trading is Skill based Strategy (Would you good skill to have when trading?)
Herein, some of important thing for you to consider
KNOWLEDGE OF LEVELS
Secret Numbers/Levels: MoneyMunch is providing only levels which not secret, but Secret is how to use this all levels properly…!
If you’re not using a trading level properly, and you’re following the same loser traders, you’re Gambling with your money and your retirement!
PROFESSIONAL traders use a completely different set of rules and approach to the markets.
What will be in this level…?
You not need to consider below given Points while trading, cause of all factors will includes into level…!
1.) RISK & REWARD: Professional Traders must be keeping certain ration of Risk and Reward, but No…No…No Worry about it for you. Because we’re already keeping 1:3 ration of Risky and Reward in our levels, which means profit number be minimum 3-times from exit number.
For Example, BUY XYZ Script between 111 and 112, your exit level is 110 and targets is 117 above (CMP 111.6)
2.) DEFINE Your RISK (Manage Risk): Nothing is available in the world without risky, therefore Always trader should be known his/her risk before applying his/her trade. How much risky you are going to take is important for you…! Don’t trade where is out of capacity to take risky. You don’t necessary to find or discover your risk because we are providing exit level. That is not mind to apply STOP LOSS. But after touching exit level, you should never think for profit greedy. After the touched exit level, just give 10 minutes time to yourself for thinking with patience for minimizing your losses…!
3.) DECIDING QUANTITY FOR TRADE: Before or After get levels for us, you can easily how much quantities you want to trade…? Focus on your margin while deciding quantities for trade. When you are trading,
Don’t think that is JACK POT call. That is true, nothing is Jackpot…while deciding quantities, you should think for next trade also.
4.) RIGHT MEANING OF AVERAGE: This “AVERAGE” word is very dangerous if you don’t know right uses of it. We provide Range for Buy or SELL levels? So, by using of this range you can trade easily.
1st Decide your quantities, how much you want to trade? After deciding quantities, you can apply quantities to get your average price to Exit level. (Note here, don’t trade overnight, and just keep quantities as pre decided.)
5.) MASSIVE YOUR PROFIT: Don’t be hurry to take Profit…because sometime you can get way to more profit. After achieving Profit levels, just Give 10-minutes maximum to understand massive profit. Sometime, after achieved profit levels, form us you will more profitable levels.
“We want maximum profit, and we want minimum Loss”.
6.) CONTROL OVER YOUR FEELINGS: There are some feeling which are increasing and decreasing while trading (includes, Fear, Greedy, Confidence, Desperation, Satisfaction, etc.)
Always, you have to need control on Fear, Greedy and Confidence because changing strength over these factors is change your profit and gives confusion in your trading.
Easy Tool for controlling over these factors is simple name DISCIPLINE. Keep discipline while you are trading like I will follow exact and proper levels and I will never take position for next day in loss.
“Discipline is what will make you take a profit at the right time, get out with a small loss at the right time, wait for the right entry point or perhaps not trade at all“
you are right, I lost my so much hard earn money in the market.every time these two things are harmfull for me. How I can control on it.Your some importan tips are very usefull for all traders and investers also. Thank you