Be A Better Trader. Part 7. Being in a trade

Looking at the screen all the time can make you have contorted faces 🙂

This is the continuation of the series “How to be a better trader?”. Click here to start from Part 1

There is only one thing we need to tell you here

Do not look at your live floating P&L

Looking at your live P & L is a source of stress. It can distract you from your job. It can cause addiction to trading. Yes, gambling addiction that can destroy your life.

Looking at live P&L causes negative and positive emotions. Emotions lead to bad decisions. If you keep looking at the trade, there is every chance that you will make some mistake. Like doubling down, or shifting your stop loss. So once you are in a trade, set a stop loss, set a target to exit, and do not look at the P&L. Look at the market for other opportunities, look at the charts of your trade to seek new information. But do not look at the P&L of your live trade.

More reasons to not look at the P&L?
Human brains function the best when we get enough breaks. Constantly looking at the screen is does not give you breaks.
Also, if you are always looking at your P & L, how will you spot the next big opportunity?

This is so important to us that at many instances, we thought of not putting real-time floating P&L in the positions page of Sensibull

Tailpiece: Interestingly, these points are connected. The one about trading with money you can afford to lose and the one about not looking at the screen. One of the reasons why a trader always looks at his screen is that the money means something to him. If it does not, how does he care? And if he does not, why would he look at the screen? Which also means, not caring (much) is the trick to making unemotional decisions. Ironically, it means that not caring much about trading P&L is a crucial trick in trading.

We do not mean to say you should not care about your P&L. Yes, put every bit of hard work into learning about trading, analysing your trades, designing strategies, and planning your P&L targets. Just don’t look at the live P&L or care so much about outcomes. Passion for trading is not how much you look at the markets or P&L.

As a parting thought, as Lord Krishna said, “Do the Karma, do not care about the results.”

33 thoughts on “Be A Better Trader. Part 7. Being in a trade

    1. Balaji kp

      Thanks for the wonderful article

    2. Balaji kp

      Thanks for the wonderful article, your words widened my thought process.

    3. Omprakashsingh Chauhan

      I am new one in trading. I have traded only two days recently. Everything written in the article is very important in trading and aslo in real life. Thank you so much.

    4. Ravi Kewlani

      It’s such a Beautiful Article…Quite realistic…All the points covered ( Strategies and Emotions) for a new trader … Please keep sharing such thoughts… it’s motivational…

      Thank you so much

  1. Abhishek Dubey

    Very useful artical. 🙏


    very beautiful artical
    results of experence

  3. Superb article, very informative and educational.

  4. Suraj Ashware

    It is very Honest Explaination with Realty Touch ,I really Understand Why Was i making big losses and how to avoid them, All the each and Every Word mention in this blog it is really authentic info. i really thank to you for provide this Most Imp Info. Free of Cost , thank you Sir.

  5. sanjiv kumar yadav

    I completely read all the parts of this Article and sure this is going to make me discipline

  6. Hetal Patel

    This article is very useful and full of information… I learn a lot from this article and found where I made mistakes! Thanks a lot for wonderful knowledge.
    Please keep posting such a good informative articles.

  7. Biswajit

    Yes, psychology and controlling emotions are most important for a trader to be successful.

  8. Rajiv Tiwari

    Good enough for a begin a trade professional

  9. Narendra babu

    Good to know about the meaning of trade.The most important lesson I learnt part of trsde

  10. Prabhakara

    Very good

  11. A JEEVAN


  12. Lalit M Joshi

    Nice Article Mr. Abid,
    Please write some advance level articles on options trading , ( its my request )

  13. Patil

    One must follow all 7 Rules…Naiya Parr karanne ke liye kaffi hai….

  14. Rohan Bhosale

    One of most important points discussed here.. Tysm for this points.. I liked it..

  15. SAMIR


  16. Arun A

    Very useful for beginners

  17. Pramith

    The whole article is like a valuable book.Thanks a ton.

  18. mahesh

    just Wowwwww. I am planning to take print out all of these pages bro. superb article. love it so muchhhhhh

  19. ATUL kumar

    Very good article
    I will try to implement

  20. Manjunatha B J

    Superb article for beginners.Keep posting good articles like this regarding options trading. Waiting for next one😊

  21. Saibal Gupta

    I am grateful to sensibull for providing the articles on option trading and how to become successful trader. Yes, Money management is the most important part of trading. Articles have clearly illustrated the principle of stop loss.

  22. Harsh gupta

    Yes …..This is the very important article

  23. Ananthu

    thank you for the article .


    It was only after reading this article that I got the understanding of trading mainly the misunderstanding of what we should trade on trading days.

  25. A

    Thanks sensibull . Thanks kamath ji

  26. Satish patil

    Very useful article. Thanks a lot.

  27. E M Nair

    Very useful and thoughtful points to be kept in mind by a trader. Thanks for providing help and guidance on the subject.

  28. subhash chavhan

    if everone follow the seven article,can become good,best treder.extremly usful for all kinds of trader.tnx so much sir

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