2022-05-27 09:43:00
Valuable experiences after 20 years of Price Action trading:
1, No peak is too high and no bottom is too low. Therefore, it is never too late to buy or sell, as long as the trend persists. Besides, never assume that the price is too high to sell, or too low to buy.
2, In cricket, the more time you spend observing the ball, the louder and clearer it will be, and your chances of scoring will increase.
Similarly, in trading, the more time you spend observing the market and learning how to analyze it, the clearer the story of the market will become to you, and the price chart will gradually speak to you. Trust me!
3, The stock market is like a rubik's cube. Every time you think you've got it, all its complexity and difficulty levels change, never staying the same. The people who solve the Rubik's cube are the ones who understand the principles, so any variation of the Rubik's cube can be solved if the rules are followed. Those who have no principles or do not know how to follow them will eventually fail.
Don't trade all price movements or everything you see on the chart. Trade only a few Setups (trade setup) to be proficient, and only trade when that Setup appears. You only need 1 Setup to make a lot of money, don't need more.
5, Never use part or all of the profits you make during the day to enter a trade that is not in the plan. Many traders will think “the risk is low that, even if I lose, I will still be profitable for today.” Thinking that is a mistake. That trade will lose and will affect your confidence and trading feeling for tomorrow.
6, 99% of your trading problems will be solved if you start learning how to think like a hedge fund.
Instead of thinking that I am about to enter 1 lot, think that I am about to enter 1000 lots, will you accept the order?
7, When you try to catch all trades on multiple timeframes, you will catch a loss.
Let's trade on 1 single frame.
76 views06:43
P
