We can see the script getting rejected at the level of major resistance on multiple occasions. The recent long green candle at this resistance level was considered a good breakout by most traders. Points in favor of a pullback, The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating...
The majority of traders spend most of their time looking for good trades. Once they enter a trade, they lose control and either suffer stress from losses or are jubilant with pleasure. They ride along with these emotions and forget about the essential element of becoming a successful trader – keeping emotions under control. Winning traders know the importance of...
A trading plan is your roadmap for what you are going to do in the markets. It's something that you have to create and is not optional. 1. How Many Trades will You Use to Evaluate Your Performance? - The answer to this question is very simple. Base your evaluation period on the number of trades placed and not by the amount of time passed. Time is irrelevant in...
1 Decide that you are in markets for long haul. that is you want to be a trader\investor even 20 years from now 2 learn as much as you can. read and listen to experts but keep a degree of healthy skepticism about everything ask questions and do not accept expects at their words 3 Do not get greedy and rush to trade take your time to learn, markets will be there...