Special Thanks to Shivam Kamble Sir for a very informative and motivational community session by him on the topic “Avoiding Over Trading”.
In this post we discuss on several ways we can enforce in our trading dicipline to avoid over trading, which is one of the leading cases of big losses. As we all are very well aware over trading is one of the primary reason why we do not success in trading.
Most of us are profitable for 70-80% of the days and yet we end up loss making because one day of our losses are far more than what me make as profit.
Here are the key points as mentioned by Shivam sir in the videos:
1- At max 3 TRADE a day.
2- Max 2 SL or 2 profit. We will only take 3rd trade if we have one profit and one loss in first two trade.
3- SL dena sikhna hai aur SL system me ab lagana hai.
4- Only trade at AOC levels do not trade due to Fear of Missing Out (FOMO).
5- As a beginner focus on safe Trade only.
6- Set your daily profit or loss goals, don’t be greedy.
7- Exit the trade as soon as you realize you are in a wrong trade of the data has changed.
8- When spot prices reaches 50% of the target shift SL to Cost to Cost (CTC) or in some profit.
9- If its hard for you to avoid trading, use kill switch (most broker provides this facility)
10- Believe in yourself, its only you who can make you profitable.
Recorded Video of this Session
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