Day 1 of Trading Mistakes | Nifty | Option Trading

 F.O.M.O

The biggest enemy of every trader is the fear of missing out.
This fear led us to take all those unwanted trades that doesn't have any logical reasoning behind it but has just a fear of missing out in the veil of Gut feelings. 

How To Deal With F.O.M.O

1. Do Mind Relaxing Exercises

Exercise such as Yoga, Pranayama, Book Reading, Meditation, Naam Jap, exercises that bring your mind and heart at peace.

F.O.M.O arises like the mud rise from the bottom of the pond and for a while make the whole crystal-clear pond looks modish. 

In the same way, fear of mission out, clouded our Judgement pattern of taking good and successful trades in the market.

2. You are not bound to anyone to take the trade.

Happy News: You don't have to take the trade!

There is no one forcing you to take the trade other than your own self.

It you, only you.

The candle will appear, the market will go either way, the time will pass, but my friend you, don't HAVE to take the trade.

You and I, or anyone else come in the market to make money but many of us loss, why? 

Because we think that if we entered in the market, and the clock strike 9:15 then we have to have trade. That's completely utter bullshit!

You don't have to Trade.

No one is pushing you to take the trade. 

Sit at the bank and watch the river flow. You are important more than the river.

3. Gratitude

If you could have a small profit for the day, take it and relaxed. 

If you had a loss for the day than remember the days when you made the profit.

Market gives money, market takes money.

But in taking the money, you decide the amount that will go back into the market.

Market don't take your money without your permission.

So be grateful for whatever profit you had made and preserve, at least 25% of your profit and never trade with that profit.

Remember, we are trading not gambling.

Luck will not always be by your side, but knowledge will always be there for you.

We trade with knowledge not with luck.

So be grateful for the profits and try to preserve some percentage of it. 

That's it for today's blog.

See you another day with another trading mistake

Your Truely 

Trading Mistakes.