A Beginer starts his journey in the world of Stock Market

#1
Hello to all traders of Traderji.com. I am a Day Trader as well as a short term trader.Trying to learn the tricks of the trade slowly.Afew days back I purchased 100 Shares of Airtel @Rs. 454 i.e just before the share price tumbled .I DO NOT WANT TO SELL THE SHARES AT A LOSS .WHAT SHOULD I DO NOW?
 

AW10

Well-Known Member
#2
If you are getting emotional with your trades, then daytrading our short term trading will wipe you out very soon.
Losses are part of this business. We got to accept them as quickly as possible so that they don't turn into bigger losses.. At the end, they block your capital, hence you will miss many more profitable opportunity by holding a looser.

Focus on risk mgmt and protecting your account first. Then learn how to take trading decisions i.e. form opinion about market and know the price level when this opinion is proven wrong by market. Thats when u shd be out of trade and move on to next trade.

Happy Trading
 
#3
:thanx: .
If you are getting emotional with your trades, then daytrading our short term trading will wipe you out very soon.
Losses are part of this business. We got to accept them as quickly as possible so that they don't turn into bigger losses.. At the end, they block your capital, hence you will miss many more profitable opportunity by holding a looser.

Focus on risk mgmt and protecting your account first. Then learn how to take trading decisions i.e. form opinion about market and know the price level when this opinion is proven wrong by market. Thats when u shd be out of trade and move on to next trade.

Happy Trading
 

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