Deepak Mohoni, the man who coined the term "Sensex", believes there’s merit in being a “boring trader”.
95 percent of traders don't make money in the markets. “If you want to be in the 5 percent that makes money, you have to do the boring bits -- controlling costs and accepting that profits are unpredictable,” Mohoni told BloombergQuint on the sidelines of the Traders Carnival event in Mumbai.
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The real edge that a trader has is to control the losses. The profits are up to random factors that the markets will provide.Deepak Mohoni, Director, Trendwatch India
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Also Read: How To Be A Top Trader, By JC Parets
“Thinking there’s easy money to be made in the markets is a mistake that many traders make,” Mohoni added.
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