Newbie's Corner!
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Query : I am trading for 1.5 years. But I am not making any progress. What to do?
Answer : "People see what they want to see and hear what they want to hear". This is the mind set of ordinary people. But as a trader we should see what is there, instead of what we want to see. For example, a trader should see what the price action is indicating. When the price is making higher high one should understand the trend is long and when the price is making lower low the trend is short. Entering on a trade at right time is also important. When the price action triggers long, but the trader is waiting for more confirmation, without the trader, price will hit all targets and start to reverse. Practise your strategy on more stocks. The more you practise, the more confident you will become.
Summary :
1. See what the price action indicates.
2. Take action on right time.
3. Practise on more charts.
Answer : "People see what they want to see and hear what they want to hear". This is the mind set of ordinary people. But as a trader we should see what is there, instead of what we want to see. For example, a trader should see what the price action is indicating. When the price is making higher high one should understand the trend is long and when the price is making lower low the trend is short. Entering on a trade at right time is also important. When the price action triggers long, but the trader is waiting for more confirmation, without the trader, price will hit all targets and start to reverse. Practise your strategy on more stocks. The more you practise, the more confident you will become.
Summary :
1. See what the price action indicates.
2. Take action on right time.
3. Practise on more charts.
注释
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