10 lessons i learnt as a trader
DESCRIPTION
Presenation at #TC2013 about what I learnt as a traders. The 10 rules that are sacrosanct...or not.TRANSCRIPT
10 Lessons I Learnt as a Trader
Deepak ShenoyCapitalmind.in
10. The Price Is King. In your Timeframe.
You can’t hold
forever
Markets will react weirdly
Don’t fight the price
Respect your stop
loss
9. Understand Leverage
Amplify Returns
And Risk
Don’t Lose It
All
8. The Revenge Trade is Bad
Bought Stock
Hit Stop loss
Lost Money
Revenge
7. Size your Position Reasonably
Risk at 1% per trade
Return should be higher?
Volatility Stops etc
Size Entries/Exit
s
6. Option Trades Must Work Fast
5. Prices are Manipulated. So what?
4. Be Cynical Of Easy Opportunities
3. Beware of Overfitted Systems
2. Keep a Trade Log
1. Stop Listening To Other People
0.Know when to break the rules([email protected]) http://capitalmind.in