Three positions- PCLN call, GS put and LNKD call. I have been carrying all these positions in my account without much of a plan. In order to succeed in the stock market, discipline is required. Without discipline. hardwork and patience, success in stock market is very difficult. Every position you take should have a plan behind it which should be followed strictly if you want to be successful.
In stock market, you can get lucky a few times but if you want to survive for the long term and be profitable, you need to be disciplined and have a plan and strategy for the long term. Without a plan and a proper goal, you will keep on wandering in the stock market aimlessly and not know where you are going.
Lessons for the long term
- Discipline- No discipline, no success.
- Plan and Strategy for the long term
- Stop loss for the long term.
Trading Journey 