Market can react to any price as it want. I think Knowing the price behaviour in history is enough to trade. We can not Plan our entry and exit in advance, that mostly makes us biased and eager to take entry.
Comment:
Finding the repeatable things are called setups I think. Find things that repeat so often. Find it yourself. Do not look for it anywhere. While looking for things you Learn from market as well.
Note: To take trades I have 4 systems as pillars.
1. Observation Management( Quicker and efficient ways to find things you think are repeatable)
2. Trade management( Entry, exit(stops), pyramiding, dismantling position etc(I manage it live as per market conditions)
3. Risk management ( Position sizing, capital allocation, Hedging sometimes)
4. Mental management ( Practice live but small ,Podcasts, Psychology, Focus exercises, Relaxing, Reflex training and other Physical & mental athletic activities)
This Is what I have learnt by only doing and random learning. I thought understanding simple things take so much time for many people as it happened to me. But trading is very easy. If you build things around what you see clearly.
Listen to People, Good people who talk about their trading life, trading styles Not about profit that is the biggest filter, Stay away from the books that take you to fairy land, As a trader You already have less time I think that is the biggest filter you can apply to learn.
Jiski hogi boring shakal, vahi dega asli akal.
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Note: To take trades I have 4 systems as pillars.
1. Observation Management( Quicker and efficient ways to find things you think are repeatable)
2. Trade management( Entry, exit(stops), pyramiding, dismantling position etc(I manage it live as per market conditions)
3. Risk management ( Position sizing, capital allocation, Hedging sometimes)
4. Mental management ( Practice live but small ,Podcasts, Psychology, Focus exercises, Relaxing, Reflex training and other Physical & mental athletic activities)
This Is what I have learnt by only doing and random learning. I thought understanding simple things take so much time for many people as it happened to me. But trading is very easy. If you build things around what you see clearly.
Listen to People, Good people who talk about their trading life, trading styles Not about profit that is the biggest filter, Stay away from the books that take you to fairy land, As a trader You already have less time I think that is the biggest filter you can apply to learn.
Jiski hogi boring shakal, vahi dega asli akal.