Not making money in the market? Only losing?

Check if you are committing any of the sins mentioned below:-

1) Going against the trend...........................................................................................................................

2) Buying when people are about to sell, and selling when people are about to buy. In other words, buying at resistance and selling at support...........................................................................................................................................................

3) Not trading as a "machine" on the basis of a tried and tested fixed "system".Remember there are more than one ,rather dozens if not hundreds of tested ways which make money in the stock market just like all chess and cricket and football players have their unique style. You can't follow every trick and system in the name of greed. Rather that will be suicidal. Its better to be expert in 1 or max 2 tested techniques rather than a half cooked amateur of multiple techniques. All new comers in the market should try their hands on all techniques without money (paper trading) or with low amounts. Only after learning (by doing and by studying thru net and books) can one find out which technique suits your nature and gives you profit consistently. then stick to it and keep on refining and mastering it. Thereafter, just keep on trading like a machine. No questions asked. no arguments over what your trading system is saying. If it says sell, then sell. If it says buy, then buy. If it says stay away or wait, then do so, like an army commando follows the order of his comander. No questions asked.........................................................................................................................

3) some of the tried and tested techniques are Wedges and triangles (my damn favourites, Sell at Resistance-Buy at Support, RSI (only for swing trading or investing, fundamental fishing, waiting for opportunities when sheep behaviour results in over selling or over buying a stock, following trends, BTST (Buy today Sell tomorrow)...etc......................................................................................................

4) Not having patience. Expecting apples from the seed in one day or on ehour or lesser.......................................................................................................................

5) Too much of trading. Remember, 80% of the profits come from just 20% of the trades...................................................................................................................

6) Trading with money you can't afford to loose?...............................................................................................................................................

7) Want to become rich overnight. Putting too much of pressure on self. Expecting too much from the market too soon. Expecting to undue the setbacks in life too fast from the poor holy cow called market................................................................................................................................................................................

8) picking stocks on hear-say and not own understanding without Stop loss and target and without understnading why you expect it to go up/down...............................

9) Indecision whether to be a Day Trader, or Positional Trader or Investor. Switching at the drop of the hat.

Remember, " Nothing in this world is to be feared but to be understood" (Marie Curie); "knowledge is power"