Hi Guys,
We all have been wrong with our analysis at some point of time, and correct at other times. It is difficult to be always right. And I am finding it difficult to to be correct even upto a moderate proportion.
More often than not, I have been grossly incorrect in taking my positions, often buying the top and selling the bottom. I have blown up my "experimental" account(which was small in size) in the past, and it is obvious that if it continues the same way, the replenished account, which is of bigger size, will also meet the same fate.
My trading view journal(VSA) is already running in this forum, and my experience so far has been 10 correct to 90 wrong. I don't know how much time and effort I will need to spend in order to reverse that ratio. However, if I had bought when I was bearish and sold when bullish, I would have made good money. Keeping this in mind, I will posting my ideas to see if it works atleast this way.
If my skill does not let me capitalize adequately , lets try the same with my flaws!
We all have been wrong with our analysis at some point of time, and correct at other times. It is difficult to be always right. And I am finding it difficult to to be correct even upto a moderate proportion.
More often than not, I have been grossly incorrect in taking my positions, often buying the top and selling the bottom. I have blown up my "experimental" account(which was small in size) in the past, and it is obvious that if it continues the same way, the replenished account, which is of bigger size, will also meet the same fate.
My trading view journal(VSA) is already running in this forum, and my experience so far has been 10 correct to 90 wrong. I don't know how much time and effort I will need to spend in order to reverse that ratio. However, if I had bought when I was bearish and sold when bullish, I would have made good money. Keeping this in mind, I will posting my ideas to see if it works atleast this way.
- My trades will be against my own opinion. I hope you understand what its about. So whenever I say long, I am bearish, and when I am short, I am bullish. So we will be skating on very thin ice!
- Remember that I can be correct(in my analysis) 10-15% of the times too.
- Failure is the first step to success.
- Put your mouth where lies money.
- It is better to be an trader and make money, than be an analyst and not make one.
If my skill does not let me capitalize adequately , lets try the same with my flaws!
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