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Business model of stoplosstrade is different, try out!!!
Gone are the days when some analysts would be just providing trading calls and washing their hands letting the traders face the market volatility & suffer gain/loss, accountability doesn't ends with just providing trading calls but one need to make sure that their client really made profitable trade.
We don't want to simulate the conventional ways of providing trading calls, instead we would like you to trade with us, we will be showing you our own trading positions (trading screen will be shown at the end of every day) which we have taken and advising you to simulate that, hence you can at least be assured that you will be making money with our disciplined approach just by following us. We also keep track of each subscriber's trading positions such that you minimize the losses and maximize gains!!!
The purpose of www.stoplosstrade.com is to educate/provide profitable trading calls from Nifty/Stocks Future & Option. Stop Loss Trade believes in just one principle: Cash was, is and always will be “KING”; always have cash reserve; cash is your “LIFELINE”; don’t lose your money, your stake, your best friend, your inventory; without cash you are out of business. Hence, preserving your capital & making a reasonable return is our goal.
In this business, letting your emotions control you will lead to disaster. Instead, you need to have a powerful mindset, or what we call the Trader's Psyche. The biggest enemy to your trading success is not the market. It's YOU. And you are your biggest enemy because of your emotions. A profitable trading strategy is not enough on its own. You must also have the right mindset if you want to be one of the only 11.5% of traders who actually succeed.
We would always suggest a trader to look at speculation as a business not gamble.
- Never “PREDICT” or “ANTICIPATE” the market, try to “REACT” to what the Market is telling by its behavior.
- There are two sides of everything, but there is only one side to the stock market; and it is not the bull side or bear side, but the right side.
- It is usually safer to go with the trend. “LINE OF LEAST RESISTANCE – THE TREND”.
Stoplosstrade philosophy revolves around these trading principles.
- Do not trade with hesitance, half-heartedly or in over confidence. You can lose a lot of money if you are scared of the markets or even if you are overtly brave & foolhardy.
- Be patient when trades are moving in the right direction to extract maximum gains & ensure the gains by improvising the stop loss level, time & again. Here do not be pessimistic
- Do not be over optimistic when trades have hit the stop loss level & make sure you exit there. You may lose better & multiple opportunities due to being stuck in deals gone wrong leading to higher & higher losses each day.
- Do not discuss your open positions with one & all. This will lead you nowhere & confuse you more as all would air their own views on them & many a times make your trade decisions seem foolishly & hastily taken. If only you would have consulted them earlier...
- Follow ONLY one guideline at a time as more guidelines will again create a lot of confusion. You can opt for or look out for an alternate guidance when the earlier guideline proves to be less productive or loss making, but not simultaneously.
- DO NOT BORROW or trade with funds that are not yours or pump in more funds by borrowing to hold on to loss making trades. Trade only with own funds that are spare able & be prepared to lose even that in totality in the worst case.
- Many traders trade markets like gambling. But trading is a serious business like any other business. Trading financial markets, especially leveraged markets demands lot of discipline, skill and strategizing.
- Some traders think that trading is gambling. They throw away their money in the money, which we called sacred money. Trading is a serious business, which needs meticulous planning
- Many traders jump into the waters without understand the depth of the market or without planning. And more often it is observed that even if a trader does planning, he/she modifies the trading plan during the trading session. We advice traders to plan before the market opens and more important, stick to the plan. For this purpose STOP LOSS has designed various products to suit different types of traders. We strongly recommend understanding your trading style before you opt for a specific service.
- It is observed that many traders end up holding a trading position especially if it is running way out of money beyond his plan and end up marrying a losing trade. This leads to a situation wherein you try to justify bad trades
- When trading if a stop-loss gets triggered and again in anticipated direction, a trader tends to curse the stop-loss. Stop-loss is itself is not a wrong strategy, its where you are putting a stop-loss matters most. If a stop-loss gets triggered often, rethink why your stop-loss is getting triggered.
- Over trading is another aspect of bad trading practice. Give your mind thinking time to develop a strategy. Over trading results in tired, both to you and your capital.
- Discount market rumors like Interest rates policy, GDP, stocks data and many more to say. Prices digest all the future news.
- When trading costs like brokerage, taxes and other statutory charges are actual costs. It is observed that many traders end up paying about 20% to 30% of their profits or losses towards trading costs. If you are losing then you are losing 20% of your losses due to the virtue of trading costs. If you are making profit, you are actually losing 20-30% of your profits.
- Trade with clear mind.
- Finally, last but not least trade only when your mind is in a position to think. Sometimes even a small fight with your spouse or brother or sister or your kid or your friend or may be some stranger on your way to office for any reason if you are disturbed don't trade.
- Team SLT