Trading Methods & weekly review
Thanks to all contributions made this week. The following message is posted while it's fresh in mind. Truly, i am not trying to be "cocky". I had a great week. Things went the right way. This post is to share and give back to the community that gave to me. I believe I am moving up to the next level of trading. I see Chico is also morphing to the next level. So by all means, follow along as we struggle together. Advanced traders could also benefit. There are all kinds of methods, here's a few i can relate to. It's time to play with my kids, so i'll try to be back before monday to exchange idea's.
Remember, somebody is reading your post, it is the piece that fits there puzzle
***Trading Methods***
CONFIDENCE;
Is very important. It is perhaps 80% of your trading abilities, it is key. You may as well hang-up your indicators with-out it. Get fear/greed under control then start building confidence.
BIAS:
You are a bull or bear does not matter. D'ont be cemented in your direction. Prepare to change
Wrong Call;
Prepare to be wrong. Change when you are wrong. Learn how to re-act when wrong. Pause and Reflect
Set-ups;
Is an advanced technique. Set up all possible play combinations in your arsenal, then go with the one that is working, that is "winning".
Trendlines;
Lines also help build confidence. Find the line, when it breaks go with it. Be on the side of the break-out.
Target;
Set your target. meet target, sell target.
View;
Get the right view. if you have the wrong view, change picture. I say again if you have the wrong view, "change picture".
Instincts;
no not feelings, not greed, not fear, not exuberance. There was a clue slightly hidden from your view and you barely missed it. That is instinct, there was just enough of a clue, refine it.
NOISE; Simple, cut out the noise
CASH; is a position
