Some important points to remember in Trading to survive for LONG TERM :-
1) Positional Trading Non directional (you can’t make money in trending markets, but it’s ok, just try to survive in those periods without any impulsive trades)
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1) Positional Trading Non directional (you can’t make money in trending markets, but it’s ok, just try to survive in those periods without any impulsive trades)
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2) Intraday on Expiry day (only bcoz we know all OTM will become ZERO by 3:20) . Max use 3X leverage .
3) SPREADS/ option buying with 10/15% of capital just as a hedge for non directional trades .
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3) SPREADS/ option buying with 10/15% of capital just as a hedge for non directional trades .
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4) Reduce Drawdowns max to 25-30%
5) When you hit Peak Drawdown, Reduce position size to 50% instead trying to recover very fastly.
Then u can play long term game with huge number of oppurtunities.
Market gives reward to every type of trader. Just wait with patience.
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5) When you hit Peak Drawdown, Reduce position size to 50% instead trying to recover very fastly.
Then u can play long term game with huge number of oppurtunities.
Market gives reward to every type of trader. Just wait with patience.
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