Hi daytraders
Here is a message to daytraders.
=================================================================================================
your problems are
YOU ALREADY LOST LOT OF MONEY.
1.Not enough capital-(not for you-margin of 8 times or 10 times is for smart traders not dumb traders who have no winning edge method)
2.Scared of holding positions overnight.
3.Short sold and forgot to square off-sent to auction(and Indiainfoline said-we cant help-we only screw our our clients-but you dont like to stop trading with them even though they cheat you umpteen times-this happened yesterday to a friend.he says now I understand why you said what you said)
4 Dont know what to do with your limited capital
5.Getting hit by losses-Doing overtrading to cover losses incurring more losses.
6.Never heard of low risk & high reward methods
7.Dont have mentor
8. Are you the one using RSI(2) & GOT SCREWED UP BADLY?Dont feel bad.Many others are still at it.it trades minor reversals in major trends-going against trend gets you kicks early.enough or want more? try our Super Masala Trend or its mutations.
Remedies
9.Moving averages help detect trend but cant help trading entry or exits much.
10.you dont even know how to use a RSI OR MACD OR STOCHASTICS unlike the text book.
11.you are in hurry. feel you cant afford a break?
==============================================================================================
Not making money at all? Then here is what to do.
=======================================================
Find a good friend- company reduces mental burden-can learn faster new things.
Dont try things against trends.trade with trend as only option.
1.stop trading-do some study-at least 6 weeks.
LEARN ABOUT MONEY MANAGEMENT AND STOPLOSS ON CHART & TARGET ON CHART. DO ONLY MAX 3 TRADES A DAY IF YOU HAVE TO.LEARN TO WAIT FOR A SETUP & WAIT FOR A TRIGGER. SEE STOPLOSS ON CHART AND ACT WHEN PRICE HITS IT-WITHOUT HESITATION.
Use a complete trading system that shows entry-stoploss-target on chart in full clarity.
2 find a mentor not unknown but thru known friends circle
3.simple is best -begin with simple method
4 develop rule set-test it- get it verified by experts
=========================================================
Trading support resistance needs 3 times more effort-study-than any normal method.(Question is are you the type of guy willing to go this far?) All support & resistance below daily timeframe of a sheer waste-they exist to be broken & cheat n trap traders,more so intraday traders.
Moral of the story
Things you do in harmony with big picture have more than 60% chance to succeed.It doesnt mean look at monthly chart and 5 minute chart.There is a ratio between timeframes to get them alligned so that you can use them to advantage.Alexander Elder uses factor of 5.Person uses 3. somebody else uses 4.small tradrs use 2. whatever you use testing is must to validate its worth
Ask yourself
Am I the trader who continues to trade daytrade (GOOD LEVRAGE & LOW BROKERAGE)even though I keep loosing again & gain?
Just stop trading first.
IT IS NOT URGENT THAT YOU MAKE YOUR BROKER RICH FAST!!!!!!!!!!!!!
There is a hidden message in the chart & in the post. can you get it?
Ford
Here is a message to daytraders.
=================================================================================================
your problems are
YOU ALREADY LOST LOT OF MONEY.
1.Not enough capital-(not for you-margin of 8 times or 10 times is for smart traders not dumb traders who have no winning edge method)
2.Scared of holding positions overnight.
3.Short sold and forgot to square off-sent to auction(and Indiainfoline said-we cant help-we only screw our our clients-but you dont like to stop trading with them even though they cheat you umpteen times-this happened yesterday to a friend.he says now I understand why you said what you said)
4 Dont know what to do with your limited capital
5.Getting hit by losses-Doing overtrading to cover losses incurring more losses.
6.Never heard of low risk & high reward methods
7.Dont have mentor
8. Are you the one using RSI(2) & GOT SCREWED UP BADLY?Dont feel bad.Many others are still at it.it trades minor reversals in major trends-going against trend gets you kicks early.enough or want more? try our Super Masala Trend or its mutations.
Remedies
9.Moving averages help detect trend but cant help trading entry or exits much.
10.you dont even know how to use a RSI OR MACD OR STOCHASTICS unlike the text book.
11.you are in hurry. feel you cant afford a break?
==============================================================================================
Not making money at all? Then here is what to do.
=======================================================
Find a good friend- company reduces mental burden-can learn faster new things.
Dont try things against trends.trade with trend as only option.
1.stop trading-do some study-at least 6 weeks.
LEARN ABOUT MONEY MANAGEMENT AND STOPLOSS ON CHART & TARGET ON CHART. DO ONLY MAX 3 TRADES A DAY IF YOU HAVE TO.LEARN TO WAIT FOR A SETUP & WAIT FOR A TRIGGER. SEE STOPLOSS ON CHART AND ACT WHEN PRICE HITS IT-WITHOUT HESITATION.
Use a complete trading system that shows entry-stoploss-target on chart in full clarity.
2 find a mentor not unknown but thru known friends circle
3.simple is best -begin with simple method
4 develop rule set-test it- get it verified by experts
=========================================================
Trading support resistance needs 3 times more effort-study-than any normal method.(Question is are you the type of guy willing to go this far?) All support & resistance below daily timeframe of a sheer waste-they exist to be broken & cheat n trap traders,more so intraday traders.
Moral of the story
Things you do in harmony with big picture have more than 60% chance to succeed.It doesnt mean look at monthly chart and 5 minute chart.There is a ratio between timeframes to get them alligned so that you can use them to advantage.Alexander Elder uses factor of 5.Person uses 3. somebody else uses 4.small tradrs use 2. whatever you use testing is must to validate its worth
Ask yourself
Am I the trader who continues to trade daytrade (GOOD LEVRAGE & LOW BROKERAGE)even though I keep loosing again & gain?
Just stop trading first.
IT IS NOT URGENT THAT YOU MAKE YOUR BROKER RICH FAST!!!!!!!!!!!!!
There is a hidden message in the chart & in the post. can you get it?
Ford
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