It is a known truth that most retail traders do not possess the required knowledge about the financial instruments they invest in. To make easy gains from the stock market, they tend to invest solely based on the advice of other
investors.  As a result of this, during
difficult situations such as a market crash, retail traders are the ones who
suffer maximum losses leading to either Fear of missing out (FOMO) or panic
selling. To protect the retail traders community a stock market training
institute named Traders Gurukul is actively involved in spreading the required
knowledge about the risks involved in the stock markets and is also helping
retail traders gain expertise in this field through their share market training.

To be a successful retail trader, one has to have the following traits:

1. Discipline:  One of the most critical requirements to be a successful retail trader is to stick to your trading strategy. It is required to not give in to emotions such as greed or fear.
Another aspect of having a disciplined approach to trading is by putting a
strict stop-loss in place. According to many successful retail traders around
the world, discipline is said to be one of the most important factors in
maintaining consistency in returns.

2. Knowledge about stock market: A retail trader needs to have a detailed understanding of the financial instruments he trades in, be it stocks, shares or any other commodities. The study of the financial markets is a very wide
subject.  For better understanding of the
subject, it is divided into 2 distinct categories. The first one is Fundamental
Analysis and the other is Technical Analysis.

Fundamental Analysis is the study of a wide range of factors which affect the value of the securities. It also includes having a deep knowledge on how to analyze financial records such as the balance sheet, cash flow statements and others.
It is a study mainly done by long term investors/traders. The main idea of this
analysis is to find the intrinsic value of a stock.

Technical Analysis on the other hand is a much different approach from Fundamental Analysis. It is a study which mainly focuses on identifying the opportunities by looking at the historic trends in the movement of the security’s price and
volume. It is an analysis which is used by short term traders. Technical
analysis usually does not include the search for the intrinsic value of stocks
or shares.

3. Developing a unique strategy: Just having theoretical knowledge on any subject is not enough to become a successful trader. One needs to develop a trading strategy which is very unique and highly profitable. Having a better strategy
than others is something which is very important. So to learn a trading
strategy which has been practiced over the years proves to be beneficial.

To develop all the above traits it is required to take up share market training conducted by Traders Gurukul. This will help you in becoming a successful retail trader.