Just because most people we meet in our daily life are not trustworthy,
We can't delete the function of trusting from our life.
We need to trust but never blindly.
Trust with a stoploss in place... Trust in a way that you can rescue yourself and your losses if needed.-
Your STOPLOSS is your SEATBELT for your TRADING SYSTEM.
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If you're a trader and currently doing intraday trades, then this is for you!
Before you proceed, I've a word of caution, this is strictly based on my personal observation and I only have myself, in probably the smallest sample size of all time, to back my claim. So here it goes -
You shouldn't put stoploss while doing intraday trades, especially when the market is very bearish with additional baggage of extreme volatility. This sounds crazy, doesn't it? Please bear with me, just hear me out before passing any judgement.
What I've noticed from the limited experience I've in the market that, these highly sophisticated AI-driven softwares are actually able to track the range of the stoplosses of any stock or the indices for that matter. So when the market is bearish, bears take an advantage of this and bring the concerned stock/market down to that stoploss zone and by the time they cover their short positions you'll already have incurred losses. So technically, you provided the data that these machine-run softwares and bears need! While they make profits from your mistake, you blame your luck and the stock/market. Sounds logical now, doesn't it?-
The most important rule you learn after making losses...
Be it share market or relationships with humans, either you make short term trades or long term investments, always set and stick to "the stop loss"!
Once the stop loss triggers, just book the minimal loss and exit. Never be too hopeful!-
Your STOPLOSS is your SEATBELT in the JOURNEY of TRADING.
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Trading ka junoon chadh gaya aisa,
Chart dekhte hi bhool gaya paisa.
Buy kiya stock, laga rocket jaisa,
Next din gira woh patakha jaisa! 😅
Indicators bole 'buy', dil bola 'hold',
Stop loss lagaya, phir bhi ho gaya cold.
Profit dikhte hi aaya greed ka attack,
Exit miss kiya, phir gaya full pack! 😓
Mutthi mein sapne, screen pe red,
Trading ne bana diya poet instead! 😂
Par seekh liya ek baat suni suni —
Market mein sabse bada risk hai 'Munni'!-
Instead of Chasing after what's not for you,
Embrace what is there waiting for you with Love, Ease and Grace and Joy
✌️-