Share
Trading Lords
EP9: My Trading Rules with a BONUS RULE
Somesh shares his ten daily trading rules to empower traders like you with invaluable insights to enhance your skills and achieve remarkable success in the market. He breaks down each rule with precision and clarity, emphasizing the profound significance of trading psychology, effective risk management, and adherence to a well-defined trading strategy.
In this episode, Somesh discusses:
- Ten trading rules of Somesh:
- Having a trading plan before entering any trade
- Setting stop-loss levels and wholeheartedly accepting losses
- Committing to a specific set of strategies that resonate with you
- Developing discipline in your trading by being disciplined in your overall life
- Staying informed about market news and events that could impact your trading stocks
- Being patient and letting profits come to you over time
- Tracking Your Trades with Insight
- Controlling your emotions and not letting losses affect your focus and future trades
- Taking breaks from regularly trading to review your performance and reset your mindset
- Take profits out of your trading account and build assets
Tune in now to gain a thorough understanding of these rules!
Memorable Quotes:
“No money lost is still a win. But as long as you follow your plan religiously, every single day, by sitting there patiently, you will grow.”
“Patience pays the patient hand that waits patiently to be paid.”
Resources:
Somesh S (@kay_capitals) on Instagram
Somesh (@KayCapitals) on Twitter
Join The Day Trading Lords Discord
Join The Daily Trading Newsletter
If you enjoyed this episode of Trading Lords Podcast, then make sure to Rate, Review and Subscribe to our podcast. Your support keeps us going strong!
More episodes
View all episodes
73. EP73: SPECIAL EDITION - How I Went From A Garage to A Mansion!!
11:12||Ep. 73💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals72. EP72: This is How I Stopped Revenge Trading!!!
09:03||Ep. 72💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals71. EP71: How Do I Manage My Emotions In Trading?
11:42||Ep. 71💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals70. EP70: How I Overcame Perfectionism In My Trading?
12:48||Ep. 70💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals69. EP69: How To Manage Personal Relationships As A Trader?
12:34||Ep. 69💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals68. EP68: Biggest Fear Among Traders in my Opinion!!!
10:53||Ep. 68💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals67. EP67: How To Get Comfortable With Risking Money??
12:41||Ep. 67💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals66. EP66: How is My Intuition Making Me More Rich?
12:37||Ep. 66💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals65. EP65: How do I Manage My Time As A Day Trader?
13:07||Ep. 65💬 LET’S CONNECT:If you’d like to get in touch, you can reach me on social media.▶ Instagram: https://www.instagram.com/kay_capitals▶ Twitter: https://twitter.com/KayCapitals