Trading is an art which could be learned with practice; however to become a successful trader one must follow strict discipline
and manages the risk wisely.
A successful trader is not defined by his winning trades as luck can turn a bad trade into a profitable trades.
When I have a string of losses I pause and reflect and ponder if it is me trading badly or just the market environment not being conducive to my trading method. Here are 10 questions we will do well to ask ourselves at times when we seem to be out of synch with the market. Are we taking good entries? We have to enter at a high probability moments to put the odds of winning on our side. Buying support bounces, shorting resistance levels, or entering on confirmed break outs. Are we trading too big? Big position sizes can cause us to stress to much and exit too quickly, we must trade a comfortable level that allows us to overcome our emotions and stick to our trading plan. Are we risking too much per trade? We need to cap our risks at no more than 1% to 2% capital at risk per trade. It is very difficult to make back big losses on a percentage basis it is much easier to steadily grow an account by avoiding those big losses with correct position sizing. Are we trying to fight ...
The crude markets fell during the session on Friday and we have witnessed the waterfall from 104.96 till 100.59 during last week 5 trading day session. Looking at daily chart there is strong support at 98.83 and we may expect a down fall till that movement. Technical commentary On daily chart 200 period SMA giving strong sport to Crude oil at 100.59 and if the price breaks that level we can see bears in mood and more downfall, In the morning when market opened we observed that price was bounced back from same level and touched the 101.49 level . But looking at daily to weekly trend we can advise to our Investors to wait for confirmation and buy from dip, The 98 level should be a important supportive area also, and as a result we believe anywhere between here and there that show signs of support is a buying opportunity. Oscillators and Indicators like RSI is below 50 which signifies that the trend is down until it comes to 30 there is a MACD bearish crossover also takes pl...
Something changed on the $BTC chart… and most people missed it. This is where smart money gets active and retail gets confused The $BTC chart shows a market that has moved from a strong uptrend into a phase of indecision. The price action inside the ascending channel was solid, but the double top near the $79,500 level suggests that buyers are losing the strength to push higher. When a double top forms at the top of an ascending channel, it usually means the trend is getting weaker. The breakdown from the consolidation zone is a negative sign, as it shows that the support level, which should have held, is now being controlled by sellers. Going forward, the green zones are important areas to watch. If price manages to hold there, it would mean buyers are still active and the overall trend can continue. But if price breaks below these levels with strength, it likely means sentiment has shifted and a deeper correction could follow. In this situation, patience is key. It’s better to wait a...
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