NOOT-No Overnight Position
Do you do over-trade?
Most are loosing money not because they don’t have knowledge but doing over-trade. Drawbacks of OVER-TRADE:
Huge brokerage.
Mantle Instability.
When we do over-trade our mind-stability get compromised which is most crucial part of trading, sitting before the trading terminal like driving a CAR and when we do over-trade there is huge possibilities of getting accident what we see when we do over-trade.
Sometimes we think that by doing multiples trades and taking many number of small profit can give us huge profit but this is not the case, here we take small-small profit multiple times but once it goes wrong it takes all profit and our capital too.
We do Over-trade like market is going to end today. So we have to understand that market is not going to get closed and everyday we are not going to loose money. We have to find the reason behind the loosing trading and also understand that tomorrow it mistake will not happen.
Once we find control of Over-trade it means like getting rid of the wine.
Timeframe in Stock Market