Your First Day...Butterflies in your Tummy

Hello Everybody, Hope you all are doing great. It is been a while I was away from the stock market but now I am back and back to have more fun then ever. Hmm, sounds funny :-). Not really, because I have butterflies in my tummy thinking about entering to the market, be it stock, forex or equity market.Tick tock, tick tock. Clock goes minute by minute and hour by hour. But I am still thinking " shall I dive down and buy this stock ... or may be wait for a while to get a better offer ??". This thought comes to mind again again and then .... I miss the train. No worries, there is always a next train coming behind.

It is always better to keep yourself safe rather then burning your fingers.OK .... no more scary stories. Lets get to the point. What I mean by saying all these no nonsense story is that before you think of getting into the stock market, forex or equities or any other market first you need to evaluate "Mind your Trades". By saying this you need to assess if you are

• Ready to trade now
• Are you happy and confident 
• Have you done your homework
• Have you got enough funds
• Can you sit tight and wait for the result

If your answer is YES to all, then you could go ahead and place your entry with a full confidence.

Since if you read through this far I assume you are eager to know more about trading strategies and trading psychology

Below is an example of uptrend pattern where you can buy on every pullback with a stop-loss  near previous bottom and take profit above previous top.

Bullish trendline

In my next posts lets discuss some of the fantastic strategies and see how trading psychology is very important element while trading.