'One can not chew to many cakes at the same time'.
just eat one by one and enjoy the taste of the food.Let your system absorb the food completely.
"Chew your food and don't swallow it!"
- if you swallow the food in a hurryburry way, your stomach may upset that spoil your health.
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Create your wealth as a 'PASSION'.
Be totally into it without Greed and Fear.
The greed and fear are the Two enemies of your wealth.
As i used advice to many of my fellow traders that, Do not take too many positions/trade at one point of time.Many time the market induce the traders mind and dispel their trading inteligent;the trader simply unaware what is going to happen,they simply jump and take too many positions at a time.The market may swirl like a wild strom at anytime, just by a small news or rumours..This may change the trend of the market and go aginst your current position..So..
ALWAYS BE AWARE
1.'Be Aware - ' The RISK's involved behind each and every trade that you may make.
2.Be calculative of the the trade which you are about to make.Have pre-plan on both sides PROFIT/LOSS.
3.Manage and utilise your money/investment wisely and precisely as much as you can.
4.Do not take positions beyond your affordability/capacity.just because it is available or the over limit provision given to you by your broker.
5.Dont be greedy and Do not encourage yourself to make money too fast.just go step by step and be rooted in the ground reality.
6.Loosing money is as easier than the money you try to make out from the market.so be smart enough to keep your investment safe.safety first is first thumb rule here.
7.Be focus on one trade and sqaure it with a profit and wait for the right moment for the next trade,if there is no chance for you again to make a trade,..nothing maters;it is wiser to be idle than loosing money.Don't do trading for the sake of trading. Just be cool,relax now and than. many time rest/calmness is required to have a more clarity that will enhance your skills of trading.
8.In my experience i have seen many traders, trade in the market to recover their prvious losses.They used to be bit aggressive trader without being aware about the current trend that plays in the market environment.it is a very bad attitude of a trader. just be fresh and blank and approch each and every of your trade as a new trade with new approach , and this will make you to understand the current scenario of the market.
9.'UN-LEARN' - I Say,'unlearning is as important as learning'.
Many time too much of knowledge spoil your trade and decision making.knowledge courrupts.you simply make too many technical analysis/parameters and miss the real pulse of the market. so 'IGNORANCE IS BLISS'
10.Consistency is one of the main aspects of a succesful trader.Because they never overboard.
11.Too many positions can easily put you in a state of confussion/ imbalance, if you are not good enough to monitor. So it is always better do deal one or two positions at a time that too in one segment of The market.i.e- F and O / Equity.
Lastly,but not least,i need to convey unto you is-
' one can not reach the destiny by keeping one's leg in two boats'
