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5 Habits of a Successful Stock Market Trader

Topic: 5 Habits of a Successful Stock Market Trader

In today's scenario where everyone is in Problem due to lock down and covid stock market seems to be an attractive option to everyone everyone thinks that he can take stock market as its new source of income and can make good money in stock market in no time....
However contrary to the Expectations of a trader instead of making money in stock markets 95% of traders and the giving it to the market in losses and the reason is simple the reason is that they want to make quick money in no time without any knowledge and learning which obviously can never happen.

Welcome to another awesome article by Excel strategies full of knowledge where we will teach you exactly what habits are required to inculcate before you even think of risking your single rupee in the stock markets.
It is truly said that stock market is a combination of Arts Science and Commerce it also includes trading psychology apart from knowledge and trading psychology is one thing that is not easy to develop it take years of practice and consistent disciplinary actions to inculcate a psychology a mind set and in this blog we will tell you exactly what mind said for what trading psychology is the basic necessity of anyone looking forward to make stock markets as his source of income it part time either it before all time so let's begin:

1. Never ever play on TIPS or give your account to any Portfolio Management Service Company because no matter what you will never make money e using someone else tips it never happens in any business or profession that you to take tips to make money e in your own business similarly stock market works you should not be focusing on getting the best tips from someone else knowledge instead you should focus on gaining knowledge for yourself so that you do not need tips. We conduct free webinars and paid courses for stock markets and we know exactly what it takes to make consistent money from the stock market and we tell everyone in the beginning itself that it's our for the waiters not for the traders stock market traders need knowledge not tips because it cannot make consistent money e by using someone else knowledge that is a dream that will never come to you make an small amounts in the starting but eventually in the long run you will definitely lose money. We Provide Best Stock Market Course Online .

2. Always trade in only high Momentum proven Good stocks never try to catch the bottom of a stock and never try to exit at the top because bottom and top never comes in anyone's hand you have to understand that just because you bought a stock it will reverse that is not gonna happen so that is why I never try to catch the bottom always pick up the stock that are already proven class toppers or maybe you can say the high Momentum stocks and this thing we focus a lot on our paid stock market course where we teach how to pick up high Momentum stocks so that you are able to make consistent money from the stock markets until and unless you have a high Momentum stock with you no matter how good strategy for position sizing for hitting technique to follow you will not be able to make money simply because you are stock is not a stock which is meant to go up.

3. Never play without hedging this is another important aspect where people try to take naked positions thinking that since they have entered into this dog it will definitely go up so even if you have chosen best of the lot you have chosen the class topper it is not necessary that it will go up the very moment you are buying it so it is always better to buy and insurance along with that so that if stock does not moves in your direction you at least have a cover with you and you can always claim the insurance if you face loss in the stock market. We teach all the basics of hedging techniques absolutely free of cost in our free multibagger strategy course and if you want to learn the art of hedging in detail then you can enroll for our advance stock market course where we will teach you all the hacking techniques used by professional traders to make consistent money with safety from the stock markets in the long run.

3. Always follow position sizing never try to take the quantity that is not fit as per your own portfolio because if you try to take the trade which has gone right but another trade which has gone wrong and against you and your quantity was different in both the trades then no matter what you are doing it is a kind of camel because if your winning amount is less due to your quantity and your losing amount is more due to your big quantity then you will never gonna make good money in the stock market and that is why it is very important to be consistent with your physician sizing you should always keep same quantity if you are playing in cash equity market or you should always buy same number of Lords in futures or while option selling or option buying so that your risk is properly managed across all the trade and this will give you a very additive advantage. To Learn Stock Market Trading Visit Here.

4. Another important aspect is is risk management all the professional traders know what is the importance of risk management till the time you manage your risk in a given trade you will never be able to make big and consistent money.
Risk management in simple language means to win back when you are proven right and to come out with a small Star Plus if you are proven wrong in stock market nobody can be 100% right if anyone says that he is always right then he is lying because stock market is a game of probability and not a game of certain 80 this is not a maths formula there everything will work out to be same in the same manner hair everyday is different and you never know which news can affect which stock on market in which way that is why you have to accept your stop losses and come out with a small loss rather than sticking to a stock and waiting for a miracle to happen. Similarly you have to wait for big wins because a stock takes some time to rise above it is commonly said that balls will come slowly through the stairs and bears will jump directly out of the window so that means you are targeting will take time and your stop loss Mein hit early but the bottom line is that you should make it big whenever your trade is through one right and you should come out with a small stop loss whenever your trade is proven wrong.

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5. First and most important habit is a discipline control over your fear greed and emotions sometimes you will feel the fear of missing out and sometimes you will feel the greed of making more money in the same trade even after your target has mat this is where the real test of a trader happens one has to control his emotions while he is in the trade these emotions can be in the form of fear which mostly comes because of wrong quantity then there will be fear of greed you will try to make more money in the same trade even after your target has made and in this process you may lose the money e that you have made. Another very important aspect of trading psychology is the fear of missing out where many traders get trapped because they want to enter into the trade as soon as possible without even waiting for multi confirmation signals and no matter how much experienced a trader is he will face these issues and problems even after 20 years in the market because human psychology is random and that is why stock market is considered to be one of the most difficult professions of making money on a consistent basis.

We hope above points and knowledge must have helped many traders out there looking for or right and authentic knowledge we will be coming up with more blogs to help pressure and intermediate traders so that they do not lose money in the market due to lack of education and knowledge.

At the End, we would like to conclude with only one statement that is just like any other profession in stock market also knowledge is the king..

We will be coming up with more search blogs to help the retail traders gain complete knowledge and exact professional strategies concepts and techniques that are used by Pro traders to make consistent money from stock markets.

Signing Off,
Excel Strategies