CA Dinesh Prajapati

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CA Dinesh Prajapati

CA Dinesh Prajapati

@CADineshPrajap1

CA | Bank Nifty F&O Trader

Jaipur 가입일 Şubat 2021
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sandeep
sandeep@sand9030·
Booked profits 8k Bit busy update details tomorrow
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sandeep
sandeep@sand9030·
Loss booker 90k
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CA Dinesh Prajapati 리트윗함
Yumi🌸
Yumi🌸@samuraipips358·
【How To Stop Hesitating When Taking Profit】 If you keep hesitating every time you have unrealized profit, wondering "Should I get out now, or should I keep holding," then take profit only to watch the chart keep moving, or keep holding only to watch it come back, and each time you think, "Taking profit really is difficult," the first thing you need to understand is this. What you are facing is not the difficulty of taking profit. A deeper problem is simply appearing on the surface in the form of taking profit. ■ You Are Placing Value On The Result Of This One Trade The deeper problem is this. You are placing value on the result of the single trade in front of you. In other words, you still do not have probabilistic thinking. How much can I take from this one trade. I do not want to lose this unrealized profit. If I exit here and it keeps moving, I will regret it. Because you place value on the result of this one trade, you try to optimize that one trade and decide the exit "now," on the spot. Taking profit is not difficult. You are only hesitating because you place value on this one trade and try to make the exit for that one trade correct on the spot. And as long as that thinking exists, you will not even try to prepare the exit in the first place. ■ Because You Value The Wrong Thing, Preparation Does Not Exist A trader who places value on the result of the single trade in front of them will not think about preparing the exit inside probability, by asking what remains after repeating it under the same conditions. Because for that way of thinking, what matters is not the expectancy that appears after repetition. What matters is always this one trade in front of you. That is why the exit does not become something decided in advance inside probability. It becomes something you try to optimize each time while watching the chart in front of you. As a result, your exit rule is not defined. Even if it is defined, it has not been tested. Even if it has been tested, it has not been practiced through your own hands. That is why you cannot trust what remains after repeating that exit. Because that preparation does not exist deeply enough, you have no choice but to create the exit during live trading while watching the price movement in front of you. Taking profit feels difficult not because you lack technique, and not because your mentality is weak while holding. It feels difficult because, at the root, you are valuing the wrong thing, and because of that, the preparation does not exist. ■ "But It Is Painful To Watch Unrealized Profit Disappear" This is what many people will think. "But it is painful to just watch unrealized profit disappear after it finally appeared. Do I not need the skill to tell when price will continue and when it will come back. Is it not important to protect profit too." That feeling itself is the strongest proof that you are placing value on the result of this one trade. The more you try to protect the unrealized profit of that one trade, the more your judgment is taken over by the price movement in front of you. The consistency that should have existed in advance breaks. Expectancy breaks. What you should truly look at is not whether the unrealized profit of this one trade disappears. It is what remains in the end when you repeat that exit rule under the same conditions. What you should protect is not the profit in front of you. What you should protect is expectancy. ■ Do Not Protect Profit. Protect Expectancy So what you need in order to stop hesitating when taking profit is not to become stronger while holding. It is not to sharpen some feeling for detecting the perfect exit either. First, you need to move what you value away from the result of this one trade and toward what remains after repeating the same action. That means having probabilistic thinking. And only when you are rooted in that thinking does the real preparation become possible. You define the exit in advance. You test it across a large sample size. You practice it through your own hands. And you come to understand through that process that profit remains when you repeat that exit. Once you pass through that, the exit is no longer a judgment you make while hesitating on the spot. It becomes execution of what was already decided in advance. Do not try to protect profit. Protect expectancy. Do not make the exit a live judgment. Turn the exit you decided in advance into a structure you can repeat under the same conditions, in the same way. 📚 Content for serious traders payhip.com/YumiSakura/col… Thank you for reading.
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