Nikit Shingari's Insider Tips for Smart Trading

Hello, I’m Nikit Shingari, and I’m here to share with you my insider tips for smart trading. Over the years, I’ve learned that successful trading isn’t about luck or chance—it’s about making informed decisions, managing risks, and staying disciplined. Through trial and error, I’ve discovered key principles that have helped me achieve consistent success, and I want to pass those lessons on to you. Whether you're new to trading or looking to refine your approach, these tips will guide you toward making smarter, more strategic decisions in the market. 

1. Master Risk Management 

One of the most important lessons I’ve learned in my trading journey is that risk management is the foundation of long-term success. No matter how accurate your predictions may be, without proper risk management, a single mistake can wipe out your capital. 

Here’s how I approach risk management: 

• Never risk more than a small percentage of your capital on any trade: I always make sure to risk no more than 1-2% of my capital on a single position. This minimizes the impact of a loss and keeps me in the game. 

Use stop-loss orders: This tool helps protect your capital by limiting losses if the market moves against you. 

Diversify your portfolio: Spread your risk across different assets or sectors to provide stability. 

By prioritizing risk management, you’ll avoid catastrophic losses and ensure you’re able to capitalize on the next opportunity. 

2. Be Patient and Disciplined 

In the fast-paced world of trading, it’s easy to make impulsive decisions. But I’ve found that patience and discipline are two of the most essential traits for a successful trader. 

Rather than chasing every opportunity, I wait for the right setups that align with my strategy. It’s important to remember that not every day will present a trading opportunity, and that’s okay. By being selective about your trades, you increase your chances of success. 

Being disciplined also means sticking to your trading plan, even when the market seems unpredictable. Don’t let emotions like fear or greed control your decisions. Stick to your strategy, and over time, the results will speak for themselves. 

3. Develop a Clear Trading Strategy 

A well-defined trading strategy is crucial for staying focused and making informed decisions. A strategy doesn’t just tell you when to buy and sell—it should also cover aspects like risk management, trade size, and entry/exit points. 

My strategy is based on a combination of technical analysis and fundamental analysis: 

Technical analysis helps me understand market trends, key support/resistance levels, and potential price movements. I use indicators like moving averages and RSI to confirm my entries. 

Fundamental analysis evaluates a company’s financial health, industry position, and market potential. This helps me identify strong, undervalued stocks with growth potential. 

By combining both approaches, I create a balanced trading plan that guides my decisions and reduces impulsive actions. 

4. Keep Emotions in Check 

One of the biggest challenges for any trader is controlling their emotions. Fear, greed, and overconfidence can lead to poor decisions that jeopardize your capital. 

I’ve learned that the key to successful trading is developing emotional control. Here are a few tips that have helped me: 

Accept losses as part of the game: No trader wins every trade. By accepting losses as a normal part of trading, you reduce their emotional impact. 

Don’t let greed drive your decisions: Chasing after quick profits can lead to overtrading or excessive risk-taking. Stick to your strategy and avoid letting emotions dictate your trades. 

Take breaks when necessary: If you find yourself overwhelmed, taking a break can help you reset and return to trading with a clear mind. 

By staying emotionally detached, you’ll make more rational decisions and avoid impulsive mistakes. 

5. Stay Informed and Keep Learning 

The markets are constantly evolving, and as a trader, it’s essential to stay informed about the latest trends, news, and strategies. I dedicate time every day to reading market reports, following economic news, and learning from other traders. 

Here are a few ways I stay informed: 

Follow market news and trends: This helps me understand the factors influencing stock prices, such as economic data or corporate earnings reports. 

Join trading communities: Connecting with other traders allows me to share ideas and gain new perspectives. 

Invest in your education: Whether it’s through books, webinars, or courses, continuous learning helps me stay ahead of the curve and refine my strategies. 

By staying informed and always seeking to improve, you’ll be better prepared to make smart trading decisions. 

6. Learn from Your Mistakes 

Every trader makes mistakes, and I’m no exception. However, what separates successful traders from others is the ability to learn from those mistakes and adapt. 

Whenever I face a loss or setback, I take the time to analyze what went wrong and what I can do better next time. Sometimes it’s about improving my strategy, refining my risk management, or adjusting my approach to market conditions. 

By viewing each trade as an opportunity to learn and improve, you’ll continually grow as a trader and increase your chances of success in the long run. 

Final Thoughts 

Trading isn’t a get-rich-quick venture—it’s a journey that requires patience, discipline, and continuous learning. By following these insider tips, you’ll be on your way to making smarter, more strategic decisions in the market. Remember, success in trading isn’t about being right every time—it’s about being consistent, managing risk, and staying focused on your long-term goals. 

As Nik Shingari, I’ve refined my approach over the years, and I’m confident that by applying these tips, you can unlock your full potential in the trading world. Stay disciplined, stay informed, and let your strategy guide you toward success.