How to get success in trading

Everyone wants to earn maximum money. But there are no shortcuts to making money. Some people find that trading makes money very quickly and becomes a victim of speculation and addiction.

I will tell you from my experiences and research what to do and what not to do to get success in trading.

1) Perception vs Reality

We make our assumption in our mind that this stock will go up. This stock will earn double rupees but that is our perception. The sooner we understand that the market does not run on our perception or our assumption, the sooner we will start making money.

Both reality and perception are different topics and should be kept separate only then we will learn how to make money.

2) Maintenance of money

If any new thing comes in our house, we take great care of it, preserve it very much, whether it is a mobile, a car or an electronic item. Then why don't we save our money like that.

Anything will remain with us as long as we take care of it and preserve it.

If you don't take care of your money, someone else will. That is if you don't use your money well and keep making losses then the profit making man will save your money.

3) Temptation

A greedy man can never be happy. Even if you give him crores of rupees, he will be sad why you didn't give him 2 crores.

A greedy man is never satisfied, so he is always unhappy. He earns profit in the market but also loses what he has gained in the temptation of earning more.

There is a saying in Gujarati that where there are greedy people, Dhutara will not starve. It absolutely applies to such people.

So leave the temptation and focus on making money, such a market will never close or go anywhere

4) Set a daily outline

The market opens and closes daily. One person exits the market with money while the other exits losing his money. One person has experience, one person has skills and one person has management. In the end only those people who have planning and management will make money from the market.

Whether you have years of experience or you have technical and fundamental knowledge, but in the end the person who has planning and management of their money and time will make money from the market.

How much profit you make in a day is not important but what is your profit at the end of the month.

Is your profit more than your salary? Have you noticed that?

5) Confidence

The market doesn't check your confidence. No matter how much confidence you have, one mistake can put you out of the market if you don't have proper guidance and planning.

In the market no one is interviewed or asked how smart he is or how rich he is.

Here even millionaires have disappeared and poor people have become millionaires.

6) Take help of expert and financial adviser

For us, even if we want to buy a smart phone, we ask our friends, or even if we go to buy our clothes, we take someone with us, then when it comes to investment, talk to someone, take someone's advice and proceed.

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