October 29, 2019 at 8:48 PM #202927Nitin BhatiaKeymaster
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5 Reasons for Success in Stock Market of successful investors or traders are hardly known to the retail investors/traders. In this video, I have shared the 5 secrets based on my interaction with successful investors and traders.
1. To make money in the stock market is a talent and it does not depend on luck. The investors who are making money in the share market have a talent to understand the movement of the stock market. Secondly, successful investors and traders believe in smart work, not hard work.
2. They always take 100% responsibility for their actions i.e. trades whether it is a profitable trade or a loss-making trade. They do not make an excuse for index management or market volatility etc for their loss-making trade.
3. Being confident about their analysis or confident body language is one of the key reasons for success in the Stock Market. A share market may try to mislead you due to volatility but the successful investors or traders are confident about their technical analysis or fundamental analysis.
4. You should never take a shortcut. For every trade or investment decision, there should be logic or rationale behind the same.
5. Lastly, You should follow the theory of rejection, not selection. This point is linked to trading psychology. It implies that you should analyze with the intent to reject the stocks rather than select. The reason being, if you analyze with an intent to select then you will relax some rules to select the stock.
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