General Trading Chat

vivektrader

In persuit of financial independence.
According to EVAN LAZARUS every successful trader must go through following 4stages:
1. Unconscious incompetence: when you don't even know "what you don't know" -beginner's paradise and loosing hell.
2. Conscious incompetence: when you realise "what you don't know" and start reading books, join traderji :) etc
3. Conscious competence: when you start reading charts with increasing fidelity and are consistently profitable. Conscious 'effort' and exertion is still high.
4. Unconscious competence: when you are in a sublime state, fluent chart assessment is one of many more things you begin to realise and see subconsciously and just do the right thing.
I am probably at 2 to 2.5, ST da is at 4 may be more.
 
Trade very cautiously today as this turmoil due to Brexit is not going to end in 2-3 days...it will have serious effects for few months now on world markets.Finally our markets will do well as we have growth in India but in short term we may have to bear some severe pain.

This is not a normal event..it is a very important event for the entire world and the financial markets .

Smart_trade
 

wabuf

Well-Known Member
i think tight stoploss should be in place today
 

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