Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude

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Emotion में अपना फैसला नहीं बदलना है. अपने Strategy के हिसाब से अपने Stop loss और Target को सेट करके जो भी रिजल्ट हो उसे एक्सेप्ट करें और नुकसान होने की स्थिति में दूसरे दिन फ्रेश Mind से फिर से अपने Strategy पर काम करें. Trading In The Zone In Hindi– Chapter 5 (Every Moment In The Market Is Unique ) emotion खुद ब खुद शामिल हो जाते है जैसे की डर, लालच, आशा इन सबके साथ आप ट्रेडिंग करते है और इसलिए आप ट्रेडिंग में Profitable नहीं हो पाते है और ये जो ट्रेडिंग बुक है ये आपके ट्रेडिंग में emotions को कण्ट्रोल करने में मदद करता है. Risk Management: How much are you willing to risk on each trade? Your plan should include clear rules for managing risk.

However, the admin was sure that it could still go up in price in years to come, so he advised everyone to hold. That’s why you must detach yourself from the results and attach yourself to the process that will consistently push you to reach further than your expected results. Could you have prevented losing trades if you had used a 100-period moving average trend filter instead? Chapter में लेखक ने बताया है की जब भी आप ट्रेडिंग कर रहे है तो आपको बहुत ज्यादा इमोशनल Pressure लेने की जरूरत नहीं है. जैसे कि लेखक हमेशा कहते है की ट्रेडिंग एक Probability का गेम है मार्केट में कभी भी कुछ भी हो सकता है. If you depend on other people’s market analysis to enter or hold a position, then you’re bound to lose a lot of money.That’s why it’s crucial for you to… Choose a trading community that teaches you things beyond strategies and respects your opinions Develop a routine: Having a consistent trading schedule can help reduce the likelihood of erratic or impulsive decisions.

I think the above quote is true – we see what we want to see. We filter information every second and we do that in trading too. We will filter out the information that will cause us pain and select information that gives us pleasure. And doing these seldom lead us to profits. The market is full of noise – irrelevant or false information that can lead to rash decisions. To be a successful trader, it's important to focus on the fundamentals and make rational decisions. This involves separating the signal from the noise. (Illustration concept: A person in a noisy crowd with earmuffs, focusing on a single conversation)Trading Forex and other leveraged products carries high risks and may not be apt for everyone. Before you consider trading these instruments please assess your experience, goals, and financial situation. You could lose your initial investment, so don't use funds you can't afford to lose or that are essential for personal or family needs. You can consult a licensed financial advisor and ensure you have the risk tolerance and experience. He said that losses are not a result of your reading of the market. No one can learn enough to score 100% wins in all his trades. Hence, it is never about being the super analyst who never make any mistake. This person does not exist.

You start collecting more market analysis or opinions that only support your losing trade, which in turn converts you into an “investor.”I encourage anyone trying to reach the next step in their trading to read this book, its the most practical book you'll ever read. Basically, the trader's goal is to think like the casino. Keep the size of the bets is small enough in relation to overall capital to reduce the chance of a ruinous event. And find an edge and simply trade it. That's all it takes to be successful. And yet, 95% of traders fail, and they fail because they let their emotions (fear and greed) or other beliefs (the ego's need to be right) get in the way. There is nothing to stop prices going as high as some trader in the world believes (or as low). It only takes one other trader to have a different perspective to null a trade, even reverse it. From this perspective when ANYTHING can happen ANYTIME, it would be ridiculous not to have an acceptable stop-loss or a systematic way to take profits. Deep Inside को आपके सामने लाता है जो कि ट्रेडिंग में बहुत ही Important है ट्रेडिंग में Profitable ट्रेडर बनने के लिए आपने हमेशा सुना होगा की ट्रेडिंग में ट्रेड करते समय आपको अपने Emotions को दूर रखना चाहिए. Unfortunately, how you take profits will depend on your trading method, so there could be many answers.