Triple your money in 3 months
- Thread starter rohitsx
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satinder, thats the only way.if emotions are affecting you, then it becomes impossible to achieve success in markets. I think i have not yet reached a stage where i start teaching trading to others , but i recommend reading 'Reminiscences of a Stock Operator' , i have picked most of my methods from this book.:thumb:
Method in the sence not only entry, but how your overall approach should be while trading . If you recall if livermore had to take a long position he used to sell first to see if prices break a particular level , if prices are not breaking support it means there are buyers in the market and the market is strong.He also talks of using news to guage market strength.
For eq: yesterday copper was forming a triangle pattern, and prices where at lower end of the triangle , at the same time there was news report from US, about new factory orders , which was negative. As soon as the news came ,copper broke support ,but quickly recoverd and then it broke on the upside . Such price behaviour tells about the demand and supply forces in the market , and if you somehow gauge that there is demand then you can safely say that prices will trend higher ,irrespetive of what pattern, resistence , trendline .
you would have also observed how our markets behaved when the entire world was selling off a few days ago - shows demand.
Also livermore tells how imp exits are -He said 'its true that you wont go broke taking small profits , but you wont grow rich either'.
And regarding pyramid he says - Milions would come easier than thousands when you know how to pyramid.
So there are many things in it, you will be able to pick up .
For eq: yesterday copper was forming a triangle pattern, and prices where at lower end of the triangle , at the same time there was news report from US, about new factory orders , which was negative. As soon as the news came ,copper broke support ,but quickly recoverd and then it broke on the upside . Such price behaviour tells about the demand and supply forces in the market , and if you somehow gauge that there is demand then you can safely say that prices will trend higher ,irrespetive of what pattern, resistence , trendline .
you would have also observed how our markets behaved when the entire world was selling off a few days ago - shows demand.
Also livermore tells how imp exits are -He said 'its true that you wont go broke taking small profits , but you wont grow rich either'.
And regarding pyramid he says - Milions would come easier than thousands when you know how to pyramid.
So there are many things in it, you will be able to pick up .
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