Less Trading Better Earning .. #WIPRO 500 days - 6 opportunities
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Wipro gave six huge opportunities where simple consolidation patterns had formed and price have pulled back slightly.
An entry upon the breakout and exit close to the high could have resulted in massive gains just trading one stock 6 times.
This is proof that trading more stocks is not key to making more money.
Do not trade just to trade out of habit because that will sooner or later cause you grief and losses. Invest in good opportunities, trade with patience and with proper risk reward setup.
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz
An entry upon the breakout and exit close to the high could have resulted in massive gains just trading one stock 6 times.
This is proof that trading more stocks is not key to making more money.
Do not trade just to trade out of habit because that will sooner or later cause you grief and losses. Invest in good opportunities, trade with patience and with proper risk reward setup.
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz
Note
The research doesn't have to be in the form of searching for bad news only..Doing your own fundamental or technical analysis is also doing your own research as you get to understand what you are trading and why are you trading it .
The point is to not trust others more than your own process and to have a process robust enough to help you not lose money.
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