You have seen me I am a strong disbeliever of posting EOD screenshot.
This is not because I am jealous when someone making profit or happy if someone makes losses.
I would try to share my observation, how EOD MTM screenshot can have impact in your subconscious mind.
🧵
1/n
This is not because I am jealous when someone making profit or happy if someone makes losses.
I would try to share my observation, how EOD MTM screenshot can have impact in your subconscious mind.
🧵
1/n
As everyone has rights to post their MTM, let other do for their satisfaction but I shall not deviate from my strong #TradingPsychology, if wish #TwitterFamily can practice the same !!
1⃣ This daily screenshots unknowingly nudge you to do something on intraday basis.
2/n
1⃣ This daily screenshots unknowingly nudge you to do something on intraday basis.
2/n
It can be possible one person can be very good at positional market read but still there can be an adventurous feeling to do something on intraday.
One should know which style shoots him/her based on risk endurance, capital availability & skill.
3/n
One should know which style shoots him/her based on risk endurance, capital availability & skill.
3/n
2⃣ The big profit figures (which can be true/false), creates a false image that #StockMarket is a place to earn money, and in a very Large Number !!
How many we check #ROI?
or
How many we validate whether any counter position is taken in another account?
4/n
How many we check #ROI?
or
How many we validate whether any counter position is taken in another account?
4/n
3⃣ There can also be case it is a company account & not individual, but possibly a retail individual doesn't understand that.
Just seeing the big figure a wrong expectation got set & an eagerness to achieve that works back of the mind.
Don'r run behind mirage !!
5/n
Just seeing the big figure a wrong expectation got set & an eagerness to achieve that works back of the mind.
Don'r run behind mirage !!
5/n
4⃣ The very big negative impact people starts forgetting Risk Management & Position Sizing.
They just starts thinking, let me take this one bet !!
Let's see if this get hit !!
No it's not lottery, it will not work.
6/n
They just starts thinking, let me take this one bet !!
Let's see if this get hit !!
No it's not lottery, it will not work.
6/n
And lastly the most harmful stuff, in many cases these screenshots are misused to create Image, that this person can teach us #StockMarket.
People starts taking course, workshop, joins group.
Always remember, Trading can't be taught, it has to be learned..
Bookmark/RT.
n/n
People starts taking course, workshop, joins group.
Always remember, Trading can't be taught, it has to be learned..
Bookmark/RT.
n/n
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