You trade what you see on the charts
HighYieldTradings firmly believes in sharpening the technical skills and giving it an edge, wherein the traders and investors can make their own trading decisions without being dependent on others. We emphasize on the practice to repeat the right things again and again, so that it becomes a practice, and in turn it becomes your discipline, which is the key to be a successful trader. Knowing the basics of trading is very important, but knowing where and when exactly to implement it, is far more important and critical. Here in HYIT, we teach you the exact same thing. Remember, making no money is always better than losing money.
It is believed that day trading or intraday trading is a way to loose your capital but this does not hold good for everyone out there. There are hundreds and thousands of traders who make consistent profits with day trading on a regular basis. What is the MANTRA ? The mantra is to make sure that your losses are much lesser than the profits that you make. And believe me, we have very clear and pre-defined rules for this but the only problem is, people don’t follow them. It becomes very tough for most of us to digest the fact that we are in losses. I mean, what’s the big deal … It is the part and parcel of this game called Day Trading. It should not be bothering us so much. If we are in loss today, we can be in profit tomorrow. But our monkey mind does not allow us to accept this fact and what people end up doing is to take revenge trades, forget all the rules/discipline, make more losses and finally quit the game regretting, why did they do, what they did. And that is the whole reason why we are here, to make sure that our clients do not regret on their trading decisions !!!
Having that said, we welcome you all to the most fascinating world of trading.
Happy Trading !!!
Trading related videos to create the right state of mind
In order to succeed, you need to take the first step. Let these videos be that step
Who are the people who should trade
This is the time when they get inspired by many things and aspire to be someone successful. Trading can surely be an option that will make the students realize the vast opportunity that they have in front of them. Stepping into trading at this phase of life can also help them decide the way that they want to perceive their careers. They will have a lot of time to get into the right mindset of trading and to immerge as a successful trader. Hence we do encourage the students to take a step forward, discuss this with their parents and step in to the world of traing.
Note : Students should take up trading under proper guidance.
Having just a job in today’s world is not enough. We always encourage people to have a secondary income stream and this will surely help in meeting those extra financial burdens that every Family has. The myth that has been spread through out the years is that, job holders cannot be successful traders because they can’t put in that amount of time. But the fact is “time” is not important to trade, what’s important is “timing”. So what’s wrong in learning the right things and earning that extra money, which eventually has all the potential to exceeed your salary.
Note : Job holders should take up trading under proper guidance.
Allright, so lets say you're trading a 300 Rs scrip and you're in a buy trade and the stock is really really bullish and is spiking up like crazy. From 300 it went to 305 & then to 311 & then 322 & then it even went up till 330. But suddenly when the price...
WHY POSITION SIZING ?Position Sizing is important to be followed strictly to make sure that you're trading with the right number of shares. It minimizes your loses & preserves your capital. It's a known fact that most of the Traders face huge loses just becasue...