My trading Story...
It has taken me just over two years to really establish confidence in my trading ability. I've lost sums on forex, been scammed by gurus, got burnt on multiple occasions. i've tried day trading, swing trading & spent thousands on courses. A desire to not be a slave to the wage!
many a time I failed, the no.1 reason was patience. I didn't have any.
Looking back all my loses were based on greed, lack of patience and trading when i shouldn't be!
The key things i have learnt is
1) Patience. I always expected the market to shoot up the minute I bought a stock like on the movies. This is not true. It never does. especially if you buy at the wrong time
2) Trust your judgement - When you place a trade, if you really believe it worked at the time, you should also still believe that trade will work a week later!
3) A logical entry point - this is no.1. When I look on charts now, I see bottoms (areas to buy) and tops (areas to sell) I don't look at 4hr or below charts nor do I even look at a trade when it is in between these two key areas.
4) Let the trade do it's thing. Step away from the computer. Look fleetingly, enjoy life, be confident in your analysis.
I play a numbers game, historical pricing is the basis of my entry points. I buy stocks at areas which you question why people would want to carry on selling. I sell at logical TP areas. It is a simple strategy that doesn't work for most people due to the lack of patience.
Have patience.
I am now a very consistent profitable stock investor.
Follow me for my view on stocks.
It has taken me just over two years to really establish confidence in my trading ability. I've lost sums on forex, been scammed by gurus, got burnt on multiple occasions. i've tried day trading, swing trading & spent thousands on courses. A desire to not be a slave to the wage!
many a time I failed, the no.1 reason was patience. I didn't have any.
Looking back all my loses were based on greed, lack of patience and trading when i shouldn't be!
The key things i have learnt is
1) Patience. I always expected the market to shoot up the minute I bought a stock like on the movies. This is not true. It never does. especially if you buy at the wrong time
2) Trust your judgement - When you place a trade, if you really believe it worked at the time, you should also still believe that trade will work a week later!
3) A logical entry point - this is no.1. When I look on charts now, I see bottoms (areas to buy) and tops (areas to sell) I don't look at 4hr or below charts nor do I even look at a trade when it is in between these two key areas.
4) Let the trade do it's thing. Step away from the computer. Look fleetingly, enjoy life, be confident in your analysis.
I play a numbers game, historical pricing is the basis of my entry points. I buy stocks at areas which you question why people would want to carry on selling. I sell at logical TP areas. It is a simple strategy that doesn't work for most people due to the lack of patience.
Have patience.
I am now a very consistent profitable stock investor.
Follow me for my view on stocks.