Trading can be mastered if you concentrate your efforts on how you will react to price rather than desiring to predict it. Reacting is a business decision, predicting is an ego play.
Trading is a business and if you treat it as anything else you will be a loser.
Losing traders spend a great deal of time forecasting where the market will be tomorrow. Winning traders spend most of their time thinking about how traders will react to what the market is doing now, and they plan their strategy accordingly.
If one were to ask a successful trader where he thought a particular market was going to be tomorrow, the most likely response would be a shrug of the shoulders and a simple comment that he would follow the market wherever it wanted to go.
Yes, yes, Manoj bhai, sahi kaha
Prediction is something like this
you go the terrace of your building
you spread your both hands towards sky
you pray to The Almighty God or
may be you chant some mantras
and by the time you finish
an holy angel or a holy appears
and hand over a piece of paper(or whatever it is)
with an inscription of the prediction or numbers for today and for tomorrow, on it
Kyon sahi kaha na maine !!!!!!!!!!!!
Manoj bhai
prediction or analysis is not like the way, what you do and post your levels daily
check open price of NF and BNF, add x points and subtract x points and post in the thread.
or really it is done like that only
BTW, what do you think
what is analysis and why it is done and whats its use.
This question open to all