Fear of Missing Out ------------------------ You missed a great opportunity yesterday. You take it as a mistake and don’t want to repeat it. So, today you enter in a hurry, deviating from your edge/strategy thinking that you will nail it this time. But that might not be the case. Missing an opportunity, because it was not in-line with your back tested strategy,...
I come across many times when people fall in trap when they see breaking of long term support or resistance in intraday by merely seeing on small timeframe (TF) like (1-5 mins). I suggest those friends to wait for the confirmation of such breakout on higher timeframe like 15-30 minutes atleast. In this example I would like to make you understand this psychology...
" History repeats itself. The only true constant in the market is the participants. Humans tend to act, react and overreact in similar ways to certain situations which are repeated over and over again, and this is really the basis on which technical analysis has built its utility. We are merely looking at emotions reflected on a chart to gain insight as to how a...
Hey Guys, Happy Weekend & this weekend is pretty long one too. Enjoy the weekend to core & try more charting which makes you better at trading. So What should be your basic expectation from Trading ?! To be Billionaire overnight ? yeah guys, millionaire not in our list anymore, too much of crowd in that zone (or) To make every trade right ? (or) To become...