Trading Guidelines
A great reminder against over analysis, and useless thinking process involving should / would / could have type of thinking.
By Nifty Nirvana Blogger Smart Trader (Niranjanam)
Thanks
A great reminder against over analysis, and useless thinking process involving should / would / could have type of thinking.
Decision Points: As far as trading is concerned every analysis should lead to the identification of “Actionable” price levels. If your analysis is not able to identify the price levels where you can take concrete action, it is a waste of time and you are practicing a useless skill. Money is made by buying low and selling high. It is a universal truth. Trading cannot be different. The problem is many traders do not know where exactly the lows and the highs are. You need a slight change in perspective to know this. Markets move in short term ranges. A trend is a series of range breakouts. When the Markets break to new highs, it is always in the lower end of the range above. Once you become comfortable with this reality, you can always trade whether it is trending or ranging. Just buy the range lows and sell the range highs.
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