learning from mistakes in stock market- Part 1

learning from mistakes in the stock market

• If you get half percent smarter each year you will be genius when you die
• Before reading this blog ask yourself whats the single most important step you must take to become a successful trader.
• Keeping a good record will enable you to learn from your experience
• Keeping a good record will make you your own teacher and a better trader
• We found that the percentage of successful traders is higher among women
• Women tend to be more disciplined and less arrogant than men. 

Life of success full trader

• You can be free
• You can live and work from anywhere in the world
• A successful trader can be independent of routine and not answer to anybody.
• This is the life of success full trader

The mistake in the stock market

• If you made money in your first trade and then on the second trade
• It will lead you to the delusion that making money in the stock market is easy
• It will take you a couple of years to get out of this delusion 
• If your mind is not aligned with the market or if you ignore the changes in the mass psychology of crowds you have no chance of making money.
• Focus on reality sees the market as it is.

Learning from the stock market

• The most important pillars of the stock market are psychology - market analysis - risk management - good tracking record
• Volume and open interest reflect the emotions of the crowd
• The best predictor of your success is your quality of the record-keeping
• The market is set up by the big players so that the small traders must lose money
• The trading industry slowly kill traders by commission and leverage
• Trading is not a zero-sum game it is a minus sum game
• The winner in trade receive less than what loser loss in stock market 
• Use limit order to buy and sell 
• A good trader always tries to make the right trade. If he trade money will follow him
• The stock market is always changing and defeating the trading strategies
• Trading is not an emotional game, emotional trading always result in losses
• Start recording your trading with the reason for entry and reason of exit from the trade

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