Things not to do in the stock market according to 5 of the best traders

While most new traders try to maximize their profits, pros try to minimize their risk with smart strategies and end up with smart gains. At the Face2Face Multi-Asset Trading Conclave hosted by Elearnmarkets in Bangkok this week, a small group of top traders not only showed off their best strategies, but also taught newbies how to make money in live market sessions. Experts have also focused on the fact that trading is not just about skill, luck, and managing your money, but also a mind game in which emotions often matter as much as intelligence.

Here are some takeaways from the conclave:

Ashu Madan, MD, Services:

  • Herd never makes money from the market. It’s smart money that makes money.
  • You won’t suffer a loss if you invest in a bear market even if you don’t make money.
  • Stay away from manic themes like electric vehicles, renewable energy and new-age stocks.

Vishal Malkan, Business Coach:

  • If you want to trade momentum, don’t trade Nifty shares.

Jitender Singh, Trader:

  • A trader loses money because of his mind and not the market.

PR Sundar, options trader:

  • A degree from IIT or IIM does not guarantee success in the stock market.

Vivek Bajaj, co-founder, StockEdge

  • Don’t put money into a stock for 2-3 months if you don’t understand the business. Add positions at each breakpoint.

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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