# अगर Stock Market में Successful होना है तो ये daily करो। #Learn2Trade Session 24

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but it's not easy to shoot. There are some complications to it as well and it's important post mortem of whether the target was hit or not We have only covered 20 to 25% till now. 70% to 75% is postmortem. What went right or wrong pat on the back if you did good, analysing and correcting if you did wrong motivate yourself. It's easy to learn the hard aspect of the market

what was the quantity, at what price, what is its value. The total price which we will get through the formula we will get the value by multiplying quantity with price. This is when you initiate a trade then we will see when you square off the trade, whether you bought or sold, the price of squaring off whether you incurred a profit or loss. This is the basic information. Suppose today it's 23rd April 2021

let's pick up any trade, suppose you bought Tata Elxsi at 2550, or you bought at the Breakout level On 5th April at 2830. I will record that you bought on 5th April 2021, your trade is open if it's open market as one and market as 0 if it’s closed. Scrip's name is Tata Elxsi write down the exact name of the scrip TATAELXSI. You bought it so just just write B

quantity would be as per the stop loss calculation. But let's assume that you bought 10000 worth of shares The price is 2820, you bought at 2820, the quantity will be 10000 divided by price, so its 3.5 let's assume that you have bought 4 shares, the value will be quantity X price, you've bought shares worth 11280 This is your current position. There will be another column logic, comment, Karma Will we not add stop loss? Yes, we will. You might want to add the stop loss price. Add it here so stop loss and take profit. I generally added in the chart that's why I don't add it in the Excel

but you can add it since you are starting. If you're entering in this candle, then this candle's low will be stop loss which is 2755. You've put a stop loss at 2755 at the price of 2820, should I take profit should be at least 1:2 which is price minus stop loss into two plus the price you entered. This should be your take profit zone, 2950 if I have considered the stop loss as 1:2 then I will take the profit at 2950.

but what if the super trend is not asking me to sell? Then you will sell. if the supertrend asked you to sell then write it down in the square of that you sold because of super Trend that's the comment that I have added. Logic of trade is breakout from previous high I have told myself that I entered because it broke from its previous high as I want to remember it later do not overestimate your memory. you need to record details for a later reference

do you feel better now? Yes. Would you like to add a comment? No it has worked according to you. How much Karma will you give yourself? plus one as you have worked as per the discipline. I have question.

we are booking the profit at 2950 but the super trend is not asking me to sell so why should I sell? go back to the video where we have talked about stop loss and risk management as per my model you will book half the profit at 1 is to 2 and let the other lead with supertrend you have a valid point that you will only book half the profit and not the entire so let's book half, but how do we book half the profit? I have a solution to this just copy the entire row and paste it and change the 4 to 2. You've sold the first 2, but the other two is still open so my take profit will change. Yes, of course. we will change it when we get the profit the amount will get removed as we are selling as per the super Trend stop loss can be same, or you might want to trail the stop loss, you can consider the cost as the stop loss cost was 2820, should stop loss can also be 2820, and the super trend will tell you the take profit you will mention the date square it up. If I have squared up as per the super Trend and kept my take profit the same

and maintained my discipline, then what will be my karma? I get one more. not now as the position is still intact. Whenever your making a trade and dividing it by 2 just insert a row and add it. if you want to see your mark to market profit loss then Google finance gives you the power to call the latest price of each stock here There's a 15 minute delay but it's Ok with us as we are not active traders. Do you want to see how can it be done?

if you want to get the latest price here. This price is the square up price. the price is fixed when I am squaring it up, but if I want the latest price here, then you write Google Finance. It's a Google's service, which gives the stock prices and is embedded in the Google sheet bracket, stock's name. The stocks name should be exactly like the one exchange uses. The symbol

you will get the symbol in the broker's terminal. Then you add coma and price. let's freeze it so that the price becomes frozen. The column gets frozen if we add F4 we get the price here. Google has pulled up the price. Google provide you the power to get the stock price in the sheet laser 15 minute lag so it's ok for people who are investing, traders need to use the Excel at the brokers terminal but you don't do tick by tick trading so this is good for you. Let's come back to this we have square up this trade, so let's make it 0. This where you have an account maintained of your open trades

1 means the trade is open and zero means a closed trade. You can I add conditional formatting to it click on format, conditional formatting. If the value in the range is equal to 1, the position is open, then highlight it so you will know all your open positions. These are small things, but if you follow it in a disciplined way you will form a good repository and it will help you to evaluate your workings it's like a report card. Generally people log in to their brokers terminal to see the profits. Profits are not important. the final result in the school just shows you have passed and been promoted

till you check each subject's score and your conduct how will you get to know whether you're progressing or not this is like a report card for the market. I might buy shares of other companies as well and if I want to check the net of each company. Suppose my stop loss was hit stop loss is 2820 so we will square it off at 2820. Suppose it hit the stop loss on 15th April

stop loss will be 2820 and the profit and loss will be zero as it was a trailing stop loss let's change to origin relation logic. Why did you originate the trade? you don't need to add a comment. What will be the Karma? 0? Why? but your deed was good. But there was no profit. just because you did not include profit does not mean that you had a bad karma

that way it means that the person who is not earning enough is doing bad deeds Karma is when you work as per your discipline. Your profit and loss does not define your karma Karma is when you want to be disciplined and accountable to yourself. That's why karma will be 1 you work as per the discipline. Suppose you didn't put the stop loss at 2820 and changed the stop loss to 2800 you were wrong that's why you incurred a loss. Then reduce a Karma as you should have kept it at 2820 you will get more confidence as you add more stocks to it. how many times are you right or wrong and if your karma is positive every month. Profit and losses not important initially.

initially the profit and losses not important so please do not De motivate yourself if you incur a loss it's important to implement your learning month on month, be disciplined and make your karma positive if you keep making your karma positive for the next 3 to 5 months, will automatically get more confident suppose we added one more trade. Let's take an example of Hindustan Unilever. suppose we were very positive about it last time, so we entered here and stop loss was hit we entered the stock on 9th April at 2450. We open with trade on 9th April. HINDUNILVR the name should be exact as Google Finance needs it. We bought it at the price 2450

the quantity bought at 2450. Let's assume that we put in 10000 rupees, so we bought 4 shares the value was 9800 and we have decided that the candle's low will be my stop loss. This candle's low is 2424. My stop loss was 2424, and take profit as per 1:2 would be 2502 let's see if it went up to 2502, we bought it here and the high was 2488, and the high here here the high was 2506. So we incurred a profit and booked half of it. When did we book half? on 13th April. this trade is still open. We have book half the profit on 13th April at 2502

we will just copy paste it now and change it to 2. We booked 2 shares at 2502, let's mark the profit and loss So we get 104 and we have earned 2% on it. the logic was the same that we considered the Breakout from previous high how much Karma will you give now? 1. The stop loss will now become a trailing stop loss the entered price will now become the trailing stop loss at 2405. Let's see when was my trailing stop loss

the buying price was hit. The buying price was hit on 15th April. So I squared up at 2450, my buying price my profit is zero, so the Karma will be one. If I bought Tata Elxsi on 7th and 10th April. Let me make it 0 as the trade has been squared up. Tata Elxsi trade is open, now tell me

till your not able to Pat your back for good Karma and punish yourself for a bad Karma how will you understand whether you are doing right or not? what if my karma is in negative in the end? watch learn2trade again, there's some problem. Start from session 1 again. you haven't learnt right or maybe I haven't taught right. You can find another Guru who can explain you better your karma can't be consistently negative. If you are not able to be disciplined, then there's some problem with you within then maybe you need Sadhguru. I found him in 2013 when I needed him and I'm with him since then he is right behind me. You need to find another teacher who can make you focus, stay in positivity

and keep you disciplined. Discipline is the most important things in any occupation. even this is an Occupation so you need to be disciplined. Karma is not about profit or loss Karma is whether you are following your own path decided by you, whether you are walking the talk whether I am following my plan of action or not. So if I am not following my plan of action then I need to go inside my trade and analyse what mistakes have I made. if you are in loss continuously then there are two aspects to it your technique is problematic then you need to revisit the scores or a faculty maybe I wasn't able to teach you properly, someone else can explain it better the second is that you are right here but there's some problem with the execution you are not able to maintain the discipline, not setting a stop loss, or missing the stop loss you are not booking the profit, or booking the profit too soon, or keep trailing the stop loss these problems will be solved by Karma. I have another question