Price Action Beyond Article.As someone who trades options and is part of the trading community, I've learned that being successful involves two main things related to price action.
The first part, which makes up about 20% of it, is all about understanding patterns, market trends, and support and resistance levels. This is like recognizing the different shapes and structures that prices make on charts.
The second part, which is the bigger 80%, is about real-life experience in the market, your mindset when trading, and how you manage your money and risk. It's not just about knowing the patterns; it's also about how you handle your emotions, make decisions in the heat of the moment, and protect your money.
So, to be a successful option trader, it's not just about knowing the patterns and trends; it's also about how you handle yourself and your money in the live market. Both parts are essential for success.
#Follow One strategy, You don't need to change your strategy often, back test and give time to your strategy.
#Cut your losses
#Cut your losses
#Cut your losses
#Cut your losses
#Cut your losses
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