How many people have been successful in trading

How many people have been successful in trading? How to become a successful trader?

If you want to know “How many people are successful in trading?” So for this, first of all you have to understand what these people do so that they get success in trading. According to SEBI, 89% people make losses in trading. That means you can assume that nine out of ten people suffer only losses in trading. The answer to your question is that only 10 percent people are successful in trading.

How many people have been successful in trading? 

The ratio of how many people are successful in trading keeps changing with time. But you should understand that most retail investors make losses in trading. Only professional traders and big institutions make money in trading. Retail investors are not successful in trading due to their lack of understanding and knowledge. So let us know how you can become a successful trader.

1. Become a professional trader

If you are a retail investor then you will have to become a professional trader only then you can be successful in trading. Professional traders follow the big players in their trading decisions and make money with them. If you want to become a professional trader then you will have to work according to the rules. Spend as much time as possible reading charts and learn where the big players enter and exit.

2. Learn to control your emotions

If you have emotions regarding your capital, then for your information let us tell you that emotions have no use in trading. Trading becomes very easy for the one who controls his emotions. In fact, some retail traders use more capital and are also afraid of losing capital.

It is normal for everyone to have emotions towards their capital but emotions do not work in trading. You trade with such capital whose loss does not make any difference to you. By doing this you will be able to control your emotions. By having emotion control you will be able to last longer in the trade.

3. Follow your trading system only

Retail investors do not make any strategy of their own. Seeing the strategies of others, they start following them and when they suffer losses, they start following someone else's strategy. Stick to your only strategy and follow it only. It is important for you to understand that there is no such strategy in the stock market that works 100 percent. You should not be concerned with what others are doing.

 

4. Never hold losses

Retail investors often remain in trades even during periods of loss. They feel that the market will move in their direction and they will start making profits. The biggest mistake in trading is holding losses. Due to this, your entire capital can become zero in a single day. Learn to time your losses and profits and exit at the right time. If you repeat this mistake again and again, you will never be successful in trading. There are profits and losses in trading because it is a business.

 

5. Do not run after compensation for the loss

It is often seen that retail investors make repeated trades to cover their losses. If you cannot bear the loss and go with the intention of covering it, then your capital will definitely become zero. As we told you earlier also, treat the stock market like a business and there will be both loss and profit in the business. If you want to make only profit in trading then you should stay away from trading.

 

6. Do not force to trade

There are people who make losses in trading and who lose money every day in their insistence on earning money. It is not necessary for you to trade every day. Market trends keep changing every day. Those who think that they will get something or the other from the market every day, then those with such thinking are not successful in trading. If you do not find a trade as per your system then you should not force the market.

7. Stick to your risk and reward

Risk and reward play the most important role in trading. After taking the trade, just keep in mind your risk and reward. Decide in advance how much loss you have to make and how much profit you have to make. If you don't do this then you cannot make money from trading. For example, if you take a risk of Rs 500, you should get a profit of at least Rs 1000-1500. Only your risk reward will make you successful in trading.

8. Follow simple things

For your information, let us tell you that simple things work better in the market. If you think that by filling the charts with indicators you will become a trader, then you are mistaken. The more complicated you make the chart, the more difficult it will be for you to make trading decisions. Learn simple things and follow simple things. You can learn anything in the stock market but follow only that.

Good habits of successful traders

• Identifying the footprints of big players and trading.
• Do not enter into trade without logic.
• Taking trades with less risk and more profits.
• Making your trading system even better.
• Just following your trading plan.
• Preparing for trading the day before.
• Keep trailing profits to make big profits.

10 Rules To Trade Like A Pro

Rule 1

"Don't lose more than 10% of your capital on any trading day."

Because surviving is key in intraday trading.

Rule 2

"Don't risk more than 2-3% of your capital in one trade."

Even a 50% accuracy system can get 9-10 successive failed trades (statistically). So if you risk more, you will lose entirely more capital during such a scenario.

Rule 3

"It's better to take a break from intraday trading if you are not feeling good emotionally."

Feeling good is the most important factor that decides the fate of your trades.

Rule 4

"Always remember trading is just a probability game and not a prediction game."

Many traders lose money while trying to defend their analysis. Feel free to fail in your analysis, but don't lose money.

Rule 5

"If you see the profit screenshots of other traders, it will trouble your emotional balance. So follow your trade plan."

You don't learn anything new if you look at the profit screenshots of others. Besides, you don't know whether the screenshot is real or fake.

Rule 6

"It's better to stick one trading system across different market conditions. Your learning curve will not improve if you keep on jumping from one strategy to another."

Recall the famous quote by Linda "All you need is one pattern to make a living"

Rule 7

"When you think you know everything in the market, the next day you lose big money."

Always keep an open mindset to learn new things in the market.

Rule 8

"If you lose money on any trade, then you have made a mistake.. There is a lesson to learn (no matter what)."

Every loss carries a lesson, find it!

Rule 9

"There is no need to argue with anyone for any reason. You are right if you are making money in the market."

Arguments/debates drain your energy.

Rule 10

"Profit in intraday trading is inversely proportional to your ego."

Decide what do you want? Ego or Profits?