Day trading basics

Psychology of entry and exit

Entry and exit are two sides of the same coin. Trader need to wait for favorable condition to enter trade and exit when the conditions are unfavorable.

Again favorable and unfavorable conditions are two sides of the same coin. If the trader has the clarity about what is favorable condition then it automatically implies that he has the clarity of what is unfavorable condition.

When a trader thinks that he has a perfect entry rule and the exit is a dilemma, it means either he is not clear about his entry or he is not applying what he already knows.
 
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rajesheck said:
Psychology of coaching

A football coach need not be a better player than his players. A good player need not be a good coach.

A coach's primary responsibility is to make his team 'grounded' in basics, second to identify and bring out the unique talents/potentials of each player.

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In this thread, I have chosen to participate more like a business philosophy coach than a trader and shall highly appreciate other like minded traders/coaches to participate with me here.

Our school/college teachers, sports and other coaches need not be smarter than us. They are supposed to facilitate, guide and encourage us.
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All you need to be successful, even in trading.

 
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