There are lots of ways to make money in the stock market, but it depends upon whether you are a beginner or have already been trading for a long time.
Lots of traders are making money by options selling while some are making money by options buying too. Some people are making money by scalping, while some are making money through swing trading.
Every trader adopts a style that suits them most or according to the time they give to the market.
But if you have already tried everything and still struggling, then let’s reconstruct yourself first.
RECONSTRUCT YOURSELF
- Trading in the stock market is a marathon.
- Protecting your capital is key. (Learn to protect first)
- Making 0 on the day is better than losing 50k
- Losses happen; they are part of this business.
- It’s not you vs. the market. It’s you VS you.
- You are your biggest enemy; learn to be mentally disciplined.
- Don’t follow the majority; follow the correct path.
- Traders without a stop loss end up not being traders for long.
- There is always another trade.
- The big money is made waiting for the right set-ups.
- Waiting for the right trade is the most powerful strategy.
- It is better to cut a loss than to wait to be proven right.
- Position sizing can make or break you.
- Worry about the downside before you even think about the upside.
- Don’t listen to headlines
A good mentor could be the missing piece you need for trading to click.
When we created the Knowledge community, we had one goal in mind: Use our experience to provide an edge to all struggling traders with consistent profit.
If you are a beginner's
- Always start with investing in good companies.
- Avoid Intraday trading.
- Avoid FNO trading.
- Avoid any type of margin trading.
- And this can only happen with solid psychology and control over emotions which is essential if you want to make money in the stock market.
I would advise you to learn it before jumping into the stock market.
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