I firmly believe in Technical Analysis, and âboy, I practice itâ. The charts say it all if the economy is doing good or lousy, recession, interest rate, etc. Take trade when charts tell us, not when we think or want.
Smaller is Better
This is a bummer let me explain. I am a trader and I, believe in catching small trends to make profits. Whether trading Cash or F&O, the goal is to ride a swing, not looking for double the investment. Take a small risk and keep booking profits, âBoond Boond se Ghada Bharta Haiâ.
Risk or Sugar Dono Kam
I take a calculated risk on a particular trade and âdo not go Bananas on every tradeâ. The smaller the risk longer we survive in the market. Risk: Reward is most important in trading, to keep your capital intact & to make a return on it. Never risk 10 Rs to Gain 10 Rs this is not called trading. Trading involves risk, & only you have to decide how much you are willing to take, just like Sugar in Tea or Coffee, it depends on your lifestyle, age, and taste, etc. So never take more than you want & as you grow old, cut back both gradually.
Data Analysis
"Data is the new oil" as it holds immense value in our business. Whether it's equity or options, I analyze each piece of information to make informed trading decisions. Data tells us everything about who is buying or selling shares, and we utilize this knowledge to make well-informed trading decisions.
Broker Mera Bhai Nahi Hai
âMy brother is not a brokerâ, so I take fewer trades and avoid overtrading. Trade for yourself, not for the broker. Remember âA Penny Saved is a Penny Earnedâ.