The stock market has changed a lot over the past 20 years, and so has trading. From the “badla” system to e-commerce on the NSE or BSE, markets have undergone an overhaul since the 1990s thanks to the evolution of technology.
The price trend may well change in a split second and the strategy you thought was foolproof may soon end in losses.
Avoiding over-trading is meditation: Sachin Gupta
5 days a week, permanent weekends off, no presentations or annual goals – some might call it a dream life, but for a trader it’s not a dream job as it comes with its own set of challenges , Sachin Gupta, CEO and full-time director, Share India explains.
Traders who are under constant pressure due to volatility should practice yoga at least 5 times a week and do pranayama to maintain their mental health to better make decisions and manage stress, recommends Gupta who is over 20 years old experience in trading.
The age of a trader is no more than 20-25 compared to investors who might even go beyond 60, Gupta points out thanks to the excessive volatility and stress traders experience while trading.
Gupta highlights a few factors traders should consider when starting their trading journey –
- Don’t compare yourself to other traders
- Your family and colleagues are your greatest support
- Preventing yourself from overtrading is meditation
- Take at least 15 days of vacation per year to break the monotony
- Do breathing exercises
- Play a sport with teammates
- Practice yoga 5 days a week
- Traders should focus on non-speculative positions
- Implement market-neutral strategies to avoid stress
- Adjust trading strategies with volatility
- Keep your goals fixed
- If your profit target is reached, stop the machine and go
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts belong to them. These do not represent the views of Economic Times)