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Importance of discipline in trading

Having discipline in trading is the most important factor for success. anyone can learn or copy the best strategy in the world and make money at the initial stages. but without a disciplined mindset, no one can win trading in the long term. In fact, he loses more than what he earned in the initial stages. A successful trader is one who masters discipline even with modest strategy

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Observation is the key

Too much focused on work or anything is not good at all. Not for both personal and professional. Yet we repeat the same pattern. Insanely focused in a work could bring better results. But these might lead to filter out the things we think is not at all important. But it turns out that is wrong. Often the things we wish could have were the things we merely ignored. Relationship is an example. Relationship with children and spouse often get cold when obsessed with way too much work. It is very much easy to eliminate the non essential and focus on what's important. But as the life progresses, most people realise that is not true. Giving time to nurture the relations are important as much as finishing the task. In the end all that matters is how well the life gets better. Just merely by observing the things that we thought as irrelevant may seems like a great choice to have. You might rethink and crafts the better one.

Traveling

Traveling may be expensive, but it offers a lot of exploration. We often tend to backnoff from travelling due to tightening money. Travelling should not be neglected. It gives us plenty of experiences and memories.

Price movement and news

 Demand can be very well related to the need in the market. When something of nominal value gets high in demand, it usually gets attention. So, when the attention rises it draws masses towards. This time we can observe a price surge. This happens often in tradable assets. Let’s take an example of a particular stock. Usually, the price of the stock rises whenever good news is associated. This good news makes traders bring attention. Risk-takers invest based on this soothing news, which raises the price further. And soon it breaks the resistance and all retail investors start investing making the price move even higher. Even after days of news, it keeps the pace. Here people slowly start to form a consensus within themselves that the price won’t go much higher when reaches this or that point. Which makes people like him exit from there. When masses do this, it slowly reflects in the price movements. This leaves a panic among the general investors and they will start withdrawing mon...

Placing the target

Having a fixed percentage of profit brings meaning to the trade. First, we don't know the logic behind placing the target, but gradually we will find the logic behind fixing the target. In the long term, it will increase the accuracy of prediction.

Leaving goods behind

 To become great we must let go of the good. Keeping the old prodigy and living in that term is certainly won't take us far. That is why we must adopt the fact that what bought us here won't take us there. we must always strive to become better each day to become great. Most people are averse when it comes to changing their beliefs and thereby changing their beliefs. The first and foremost is that it is hard and requires a lot of effort. But once we begin the journey to become great, we must adopt the habit of learning. Anything that requires the paradigm shift requires hardcore learning and never-ending questioning. But one thing for sure is that this journey will definitely reward the effort. 

NFT can protect you digitally

 Nostalgic has its own stand regardless of the age we stand in. In retrospect, we could see a lot of things that made us emotionally attached and then went far. But when we think of it, it reminds us of the things we enjoyed or experienced. There are a lot of ways we can actually make those emotionally attached things or moments with us. With the help of technology, we can even declare ownership. That may sound crazy and stupid. When everything is going digital, then why not the digital product itself cannot have this ownership. That is the only concern among some people about keeping their digital lifestyle memory ownership. But now there is nothing to worry about. With Blockchain we can create the digital age ownership to anything digital. NFTs are at the early stages of their digital ownership ventures. We can make those really important things more important and close to ourselves with the help of NFTs. Only a few people are making well use of this technology. By few people, I ...

Cash flow of companies

One in three main thing that can be used to evaluate a company whether to invest or to learn is to analyse it's cash flow statement. It is equally important as reviewing the balance sheet and p&l statement. Everyone keenly focus on the numbers in these colomns before investing. Everyone should if he is to invest. But cash flow, they mostly give less importance. One reason is that they just need to know whether it is positive or negative. If it is positive, good. Negative, then need to analyze further more deeply. We can get a sense of the operational and financial activities from cash flow statements. And by combining our findings from here to over-all findings will lead to a good sense of this company.