Hi All,
As 2017 is about to say good bye to everyone. And Like me there will be so many new comers who started Trading recently and got some good and bad experiences about Stock Market.
As per my experiences, I started trading about 2 months before and till now I tried so many tricks and trips and got mix result.
I usually got so many common pattern which I want to share with you and want to get reply from all experienced traders.
Stocks was completely bullish and once I trade as BUY , suddenly Stocks start to fall down and hit either my SL or I have to exit.
Indicator is also giving mixed experices as got so many time opposite swings.
So please tell me how to overcome from these situations and what to do ?
Please tell me where am I doing wrong ? Everyday I am reading some articles and try to follow that… but still not able to hit the bulls eye.
BUY LOW and SELL HIGH
SELL HIGH and BUY LOW
This is known for everyone, but the point is how to know that.
Can you please tell me how to find that right now stock is at HIGH or LOW , I think this is kind of Impossible.
If you have some strategy then can you please share… ?
Thanks
Hi, don’t rely excessively on indicators. I would wait for indicators to give me signal for a buy or sell when I started trading and realised how faulty such a technique is. So I started trading based on price actions (trading breakouts and support & resistance trading) with which I have had decent, albeit jot great, success.
Secondly I’ve faced the issue of being stopped out early by stop loss. So I started taking smaller sizes to allow for more room for the price to wiggle.
Breakouts based on S&R , this will be applicable to monitor for highly 3-5 stocks and this is also not possible for working professional such as IT employee or others.
This is nothing new most of Retail Trader wait wait and wait for more Uptrend and think a lot before entering into the Stock.
You have to be Quick to take decision.
The moment you enter Stock Have already came far away from where you wanted actually to buy just because of thinking a lot.
Now, the stock will not continue the Bull run Continuously. It will come down to take some breath and it will again continue the Bull run (If Stock is in good Uptrend) and If You have placed a Tight Stop-loss For Sure it will get Triggered.
But, If Stock started bull run because of some News it will not continue the Bull run Continuously a moment will come when it will drastically fall and it will eat all the Stop-loss and Again it will continue the Rally.
It’s all about manipulation.
All you need is Good time to enter.
One More thing Market works in both way don’t always think about bull don’t forget Bears Do make Good Money.
This is also a Big problem with new Retail Traders.
They totally Trust on the Indicators without and Other data in Live market.
The reason is They are not aware what actually is happening in stock.
They blindly Trust the Indicators and Initiative the trade.
Experience Traders Known things very well Even Without use of any Indicators.
Experience & Skills is key to success.
Good things take time.
Keep Learning A day will come when you guys will easily Get idea about any Trade Just looking at the price Movement.
Have Patience Don’t give Up.
If you are new to trading my advice is to take positional calls . Use an hourly candle …add 5 day and 20 day ema … If the 5 dema cuts from below the 20 day ema it’s a buy and vice versa … Decent return s can be got with little stress compared to trading intraday with a five or fifteen minute candle …