Insanely Practical

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

The options premium changes with a change in the underlying asset. But this is the primary calculator. Option greeks have equal amount of contribution to the change in the premium.

Missing a trade during a day is perfectly fine of it doesn't make any difference in tha p&l. During the initial stages of, focus should be all in learning.

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.

Expecting a big move while with the formation of wide CPR is unwise. CPR indicates the movement in advance and studying deeply about it before taking a trade is extremely beneficial.

We need to be cautious while taking trades on the assets which we barely heard about. Most of the time these assets, since they are far from our acquaintance gives us bad impressions every time. Either we have to make acquaintance with it or trade with what is already familiar to us.

Booking a loss in investing or trading is a part of the process. No trader in the world has become a trader without booking the loss. Loss is inevitable while trading. Look at any field or any career path, there we can see failure ad a probability. Failure means a test where we can check ourselves whether we would be able to sustain or not. Everything in the universe brings failure as a probability. Without failure nothing is complete. We can even congest it with death. Death is an equalizer and life would be incomplete without it. That’s how failure is associated with success. In order to taste the sweetness of success we must first taste the failure. Trading we can say is a volatile and riskier game. There is no middle ground. Either you lose money or win the jackpot. Our goal is to convert the success probability as the most possible outcome. Once we win this, we could see ourselves getting improved. We can say the more we try the more we fail, thus the more we succeed. One of

Requirement is needed before placing a trade. While observing for the trading opportunity in intraday, it is best to be done with a series of requirements. These requirements needs a long time to forge and once it formed naturally, then it is very much easy to take trade based on that. Here the thing is not the creation of requirements, it is sticking to it, ie. in other words developing discipline. A lot of people might believe that one of the common advises in trading is never to exit manually. It must either be a target of stop loss hit. Of course it is best advice, but what it does is it develops the discipline. A trader have this tendency of acting based on his emotion. Emotion in trading is dangerous. It always leads to big trouble. Trade like robot is a quite advanced form of advice. It implies everything about discipline. Once we master this art of trading, it is very much easy to make profit. It is not the lack of strategy or technique, it is lack of discipline. Once psycho

People when came to know about the benefits of index trading, they migrate to it. There are several reasons. It varies from person to person. One may say trading in indices are reliable. Newbies are always advised to trade in equities before entering into the derivative market. Equities are less volatile and very good to learn and earn. You pay less for your losses or in other way, for the things you learnt. This is obvious and people go through this as usual. But there are people who skips the equity market directly to the derivative with only one and only reason, to get rich quick. With that in mind loss is guaranteed. Experienced traders choose indices for not or less being manipulated. Because of the volume and less volatility, it is safer to trade than other segments. It is also very reliable. Even the disappearance of number of heavyweight cannot make the indices disappear. That is a very good point to remember and keep in mind while selecting which one to trade. Whenever we t

 When it comes to trading the patterns play a huge role in reaping the reward. The reward for the risk is what each trader hopes for. Sometimes the risk shows its part by showing us the loss. But loss is just a part of the game. Whenever there occurs a loss we tend to go in full revenge mode burning all the rest of the money. We know that is a wrong approach, but we do it frequently. The reason is we don’t like being a loser. At least we need the money we put in. Forget about the profit and focus on the investment. But that is wrong and dangerous. Because markets work against psychology. An emotionally weak person always has a weak portfolio and a weak profit and loss statement. When you become a person with a rigid mentality and have the patience for the right time execution, then it is very much rewarding. That is why when we a good trader he is patient and well disciplined. Discipline is necessary since money is involved. An indisciplined person keeps liability more than an asset. H

When it came comes to trading we see people using different strategies. There is no fixed strategy for success. People find their agreed will at one thing which may or may not suit us. So the real challenge is not to master the strategy but to find it. We may even tried multiple strategies multiple times. Even now that confusion pops. People choose strategy not based on how much winning percentage it has, but does it resonate with their style. Even people trading just based on their will can make more money and can have a great winning percentage than who tried thousands of them. Even after choosing a strategy, people find it difficult to take trades based. Because they are not sure about whether it is what they actually need. If we have a strategy which we think might suits us, we have to test it and back test it. People jumping from one to another never have traded multiple timed based on that. Not a single strategy could be understood within days or weeks, it takes months like the