Want to trade successfully? Choose only the good positions and avoid the bad. Bad shopping choice carries a heavy loss because it decreases your confidence, and drains the wallet. You face many crossroads during each market day. No system of discipline in the decision-making, impulse and emotion will undermine the skills because you will choose the wrong market-based instruments at the wrong time.
Many short-term traders are trading as a form of game. Without planning and discipline, they throw money into the market. Occasional big win reinforces this easy money and attitude to prepare them for eventual failure. Without the protective regulations, major players are easy to feed from these losers and throw them from the market.
Technical analysis teaches traders to execute positions based on numbers, time and volume. This discipline forces traders to distance themselves from the rash of gambler. Through the impartial execution and solid risk management, short-term trading is beginning to finally "work."
Markets follow similar patterns many times. Research on the trend allows you to build systematic rules to these formations and avoid repetitive chase "for the passing train."
Here are the golden rules of the trader, which will allow you avoid many mistakes and make your trade more balanced:
1. Forget the news, remember the schedule. If you are not strong enough to know how news will affect price, refer to the schedule. The schedule already takes into account the news to be expected.
2. Buy the first rollback of the new maximum. Sell at the first setback of the new minimum. There is always a crowd that missed the first boat and want to be in the second.
3. Buy at support, sell at resistance. Everyone sees the same level, and all just waiting to jump into a stream.
4. Short rally - did not sell. When markets are falling, sales profit, and finally become ready for recovery.
5. Do not buy below the main moving average and sell above it. See item 3.
6. Not the momentum, if you do not see a way out. Suppose that the market is fully spread when you are logged. If it is - a long way "to exit", then you are in big trouble.
7. GEPy depletion filled. GEPy break and continue there. The wisdom of the old traders is to end. Bidding in the direction of GEPa whenever you can.
8. Trends test the levels of previous support / resistance. Sign in here, even if it is damaged
9. Bidding in the direction of teak, and not against it. Do not build up a hero. Go in the direction of flow of money.
10. If you must go, it is not here. Forget about your degree and trust your instincts.
11. Sell the second high, buy the second minimum. After a sharp reverse, the first test of any maximum or minimum is always faced with resistance. Watch for a breakthrough with the third or fourth attempt.
12. Trend - your friend. As the volume rises, do not expect anyone to change the channel.
13. Avoid opening. It is in these moments you're most vulnerable.
14. 1-2-3-DOWN-UP. Look for a turn after descending trend peaks, two lower peak and a double base.
15. Bulls live above the 200-day moving average, bear below. Sellers eat up rallies below this key moving average line, as buyers come above it.
16. Price has memory. What price the last time, when it reached a certain level? There is a possibility that she will do it again.
17. A large amount of traffic kills. Issue couple during the climax of the captures and the buyers and sellers, and leads to the opposite effect.
18. Trends never deployed instantly. Facing pages are built slowly. The first sharp drop always finds buyers, and the first sharp rise always finds sellers.
19. To form the foundation needed more time than the top. Fear acts more quickly than greed and causes a market instrument to fall under its own weight.
20. Take money from the crowds and go. You have to take their money before they take yours.
20 golden rules trader (2)
Exploitation of market turns.
Facing pages in the first test of a new maximum or minimum are fairly common. Investors double peaks after the first pass out, while players on the purchase of undervalued instruments dual grounds. Skilled traders also use this well-known tendency to turn to enter counter-trend position.
Markets always come back to check previous support or resistance, if a natural barrier (such as GEPa continuation) is not in their way. In addition to price and graphical models, conventional Moving averages also provide a classic point.
Many short-term traders are trading as a form of game. Without planning and discipline, they throw money into the market. Occasional big win reinforces this easy money and attitude to prepare them for eventual failure. Without the protective regulations, major players are easy to feed from these losers and throw them from the market.
Technical analysis teaches traders to execute positions based on numbers, time and volume. This discipline forces traders to distance themselves from the rash of gambler. Through the impartial execution and solid risk management, short-term trading is beginning to finally "work."
Markets follow similar patterns many times. Research on the trend allows you to build systematic rules to these formations and avoid repetitive chase "for the passing train."
Here are the golden rules of the trader, which will allow you avoid many mistakes and make your trade more balanced:
1. Forget the news, remember the schedule. If you are not strong enough to know how news will affect price, refer to the schedule. The schedule already takes into account the news to be expected.
2. Buy the first rollback of the new maximum. Sell at the first setback of the new minimum. There is always a crowd that missed the first boat and want to be in the second.
3. Buy at support, sell at resistance. Everyone sees the same level, and all just waiting to jump into a stream.
4. Short rally - did not sell. When markets are falling, sales profit, and finally become ready for recovery.
5. Do not buy below the main moving average and sell above it. See item 3.
6. Not the momentum, if you do not see a way out. Suppose that the market is fully spread when you are logged. If it is - a long way "to exit", then you are in big trouble.
7. GEPy depletion filled. GEPy break and continue there. The wisdom of the old traders is to end. Bidding in the direction of GEPa whenever you can.
8. Trends test the levels of previous support / resistance. Sign in here, even if it is damaged
9. Bidding in the direction of teak, and not against it. Do not build up a hero. Go in the direction of flow of money.
10. If you must go, it is not here. Forget about your degree and trust your instincts.
11. Sell the second high, buy the second minimum. After a sharp reverse, the first test of any maximum or minimum is always faced with resistance. Watch for a breakthrough with the third or fourth attempt.
12. Trend - your friend. As the volume rises, do not expect anyone to change the channel.
13. Avoid opening. It is in these moments you're most vulnerable.
14. 1-2-3-DOWN-UP. Look for a turn after descending trend peaks, two lower peak and a double base.
15. Bulls live above the 200-day moving average, bear below. Sellers eat up rallies below this key moving average line, as buyers come above it.16. Price has memory. What price the last time, when it reached a certain level? There is a possibility that she will do it again.
17. A large amount of traffic kills. Issue couple during the climax of the captures and the buyers and sellers, and leads to the opposite effect.
18. Trends never deployed instantly. Facing pages are built slowly. The first sharp drop always finds buyers, and the first sharp rise always finds sellers.
19. To form the foundation needed more time than the top. Fear acts more quickly than greed and causes a market instrument to fall under its own weight.
20. Take money from the crowds and go. You have to take their money before they take yours.
20 golden rules trader (2)
Exploitation of market turns.
Facing pages in the first test of a new maximum or minimum are fairly common. Investors double peaks after the first pass out, while players on the purchase of undervalued instruments dual grounds. Skilled traders also use this well-known tendency to turn to enter counter-trend position.Markets always come back to check previous support or resistance, if a natural barrier (such as GEPa continuation) is not in their way. In addition to price and graphical models, conventional Moving averages also provide a classic point.
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