Dear JK,
Whatever may be our level of understanding of market in general or scrips in particular, we are likely to make mistakes in making trading decisions.
On analysing my past trades, I realised that I have made profitable trades when I followed systematic Adds to winning positions. My biggest losses occurred when I tried with big lots in one go.(I used to trade 5,000 shares per trade).
When we follow systematic adds system, we can confidently trade with our emotions at the minimum play. Since our initial position is small (1/4th or 1/3rd of our actual intended quantity), our losses are automatically minimised when the trade goes wrong. These small losses will get wiped out when we successfully add to winning trades in a trending moves.
Hope you are saving all the charts and journal of your trades done. If so, open your records, check what would be the effects of adds system to your previous trades wether profit or loss.
All the best.
Whatever may be our level of understanding of market in general or scrips in particular, we are likely to make mistakes in making trading decisions.
On analysing my past trades, I realised that I have made profitable trades when I followed systematic Adds to winning positions. My biggest losses occurred when I tried with big lots in one go.(I used to trade 5,000 shares per trade).
When we follow systematic adds system, we can confidently trade with our emotions at the minimum play. Since our initial position is small (1/4th or 1/3rd of our actual intended quantity), our losses are automatically minimised when the trade goes wrong. These small losses will get wiped out when we successfully add to winning trades in a trending moves.
Hope you are saving all the charts and journal of your trades done. If so, open your records, check what would be the effects of adds system to your previous trades wether profit or loss.
All the best.
Glad that you are viewing my journal and to have your inputs.
