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In this video of the Face2Face series, we have with us our first female trader and investor on this series, Ms. Jyoti Budhia. Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets will discuss the fundamentals of trading and investing psychology to ace technical analysis in the stock market.
We will begin the video with the background of Ms. Budhia’s life, and how she grew up to become an avid and passionate share trader and investor. We will see how Ms. Budhia started her journey in the stock market, and which part of the market she focuses on.
Ms. Budhia follows very simple rules when it comes to trading and investing, and in this video, we will be talking about the trading psychology and money management involved in trading and investing, and how we can use these two things to our competitive advantage in the stock market.
We will start with an introduction on the concepts of trading psychology and money management in the stock market. We will see the similarities of real life with our lives as traders and investors in the market, and the importance of thorough research and evaluation while trading in the stock market.
Next, we will discuss how Ms. Budhia works out her losses and their recovery in the stock market. We will also talk about a useful way to preserve disposable or non-disposable capital in the market.
We will make this process clearer with a practical case study of a trader who is ideally looking to invest in the market sensibly. Ms. Budhia will discuss how to put stop losses and how to preserve as much capital as we can without losing it, and the importance of discipline in the stock market as well.
We will see how having discipline in the stock market can help us maintain a good portfolio and work with technical indicators to make their decisions the most affective. We will also discuss the steps we should be taking to get the risk-reward ratio we desire from our trades on different time periods.
Lastly, we will talk about the skills and the right kind of strategy and temperament we need to be able to exit a trade. We will touch upon the importance of discipline when it comes to exiting the trade at the right time with the help of the charts and the indicators we used to enter the trade at first.