Trading Advisers: Angels or Demons?

We see many people trading all day recklessly without any analysis. They are just checking their luck with every click when they enter into a new transaction.

There are another bunch of people who are shooting guns on the shoulders of advisers. These advisers are angels for their clients sometimes but the same advisers turn demons when they enter at the wrong time.

We enter into a transaction, when make loss we demand advice's of some high minds existing on this earth and believe they will turn our losses into profits with some magic band, but end up with amplified huge losses. Do we judge ourselves that was it a right time to call adviser or should have consulted him earlier?

It is well said that “Don’t waste your time beating on a wall, hoping to transform it into a door”, then why do we carry our losses for the long time when we are unable to bear them.

Brokers will provide you ten times of leverage in Indian market and five hundred times of leverage on foreign market but we forget while using that leverage we are also amplifying our forthcoming losses associated to it!

Averaging the loss is a trending concept in looser market, but do we really average our loss?

Traders with limited skills and knowledge enter into trade and act stubborn in reviewing their decision once made. They forget that they were dealing with the future, so whatever analysis they did they were bound to mistakes some times. As a trader your aim should be to decrease the number of wrong trades and increase the number of  profitable trades, but they make one decision and keep supporting it until all their money is evaporated from their accounts; Do we trade just to prove ourselves right? Or to make profit!

Though it sounds difficult to master on this discipline to be able to accept our own mistake but it is necessary too.

Remember discipline is famous in two things the most: ARMY and TRADING

If u miss this fact then dear reader welcome to the hall of fame of loser’s!!!