A worrier's weapon --- multiple strategy

I always compare Trading as a war, like war, trading has an emotional and psychological situation. In a war there is a fear of losing life or everything and greed to win it over, as a brave man. The same is applied in trading it is 7 hours war a day with a few battles. If you are in the winning side, you will get rewarded but if you are in the losing side, you will be punished.

To win a war you should have a better strategy, few weapons and a master-plan. But always remember that you are not going to win all the battle in a war, there will be few battles where you have to accept your defeat. The quicker you will realize your mistake and accept your defeat you are going to lose the lesser, and you will get much time to prepare for the next one.

To win a war every participant has some weapon, no solider believe on a single weapon. For example, in modern war, people use, riffle, AK47, Tanks, missile, hand grenade Drone etc. Similarly, as a Trader you should not believe on a single strategy, you should have a few strategies as per the market condition, like uptrend, downtrend or sideways. Every situation is unique, according to the situation you should have use your trading-strategy.

Remember before using any weapon in the battle field there are lot of tests every weapon has to pass-through; you should also test your trading strategies in several paper trade system before applying it with real money.

No Solder go to the battle field with a limited weapon, have sufficient weapon to win over the battle. War can be win with a psychological strengthens, if you strengthen your psychology you can win over any war. An emotional balance is always important. Try to maintain your emotional state during the trading hour. If you do trading without full concentration, you can lose your hard earn money.

Remember that Every soldier does not participate every battle. You also need to leave few trades if it is not as per your strategy. Stay away for few trades, it will not harm you unlike taking a big loss.

Always remember that you are in a war with yourself, everyday in every trade. Choose your trade accordingly, to win yourself.

Comments

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