Experimenting with the trades

While reading a book I came cross a saying “The more experiments you make the better for life is after-all an experiment”. When we need something, we think of doing it. For example, when we are hungry, then we will come to know that cooking is the only solution. So we learn cooking. So, proved is the saying that “Necessity is the mother of invention”.

After learning the things from our necessity, we want to try to do the same thing in different ways. Like, we prepare chicken curry with normal ingredients. But when we are turned off eating the same food, we want to try differently, then that turns out to be an experiment. We try adding more pepper, sometimes less ginger etc etc and then when the result is out on the table, we taste it. If fortunately its delicious we will be in seventh heaven else we learn from our experiment that so and so ingredients don’t work well for this curry.

So that was the case with kitchen skills, why not concentrate on our trading skills and groom them?

Sometimes fluctuations make our trading day boring and depressing. We lose enthusiasm in a particular stock on which we are trading. So, don’t be afraid of experimenting things. When there are fluctuations in the stock market and when your feelings are irked then try experimenting trades. One thing is for sure…….”For Experimenting, Trading is the best place”.

5 tips for experimenting

1. We have to observe carefully the position of the stocks?

2. Analyze which stock is continuously decreasing and which stock is increasing?

3. If you are trying on being higher side. Why not try on being lower side?

4. Reduce the stop loss limit

5. Have patience.

I hope experiment never goes in vain. In some way or the other it is always useful. So do experiment buddies.