I will post some my thoughts on trading and end it with a live trade. If anyone has any queries pls post, i will try to reply .
- Market analysis and Trading is completely diff , where as there are thousands of analysis tools which can be learnt easily, trading the same plan is difficult and needs some psychological changes in that person.
- Markets are like a pendulum , it keeps swinging from one end to another, a trader needs to enter only at one extreme and exit at another extreme , trying to nibble in between leads to looses.
-have patience for the market to setup ,and then have patience to hold positions until the selling time arrives.
-Rome was not built in a day, expecting to take big profits in a small time limits is illogical, but most still try to do it.
-The amt of money you take is DIRECTLY PROPORTIONAL to your capabilities to allow markets to go against you.