Time to break the silence---
Special thanks to S_T....AW10....PRIDE
i know this post is not suitable under "daytrading" but this is most visited thread so i hope people will read
(warning---This post is looonnnggggg)
originally thought of posting this because i have learnt so much from here and wanted to give back.
I started trading in 2011. It was a indicator based system. stoch...sma...adx etc.
Used to trade hapazardly. some losses some profits. I thought i knew the basics so went over
to advancedstrtegies. (although there was a periodwhere i
traded sensibly using simple tips tricks given by SMART TRADE)And by advanced i mean my charts were clutered to such point that
the price was completely hidden.
then my search for the holy grail begun...Reading countless books...countless videos watched
It was pretty dumb..viz. i was pretty dumb. I jumped from indictor to indicator...from technique to technique.
from charts to news to listening to t.v experts. I was convinced that trading was sumthing
very secretive and to get this secret i had to break "the secret of traders".
But mylosses and profits were equl,even after all voodoo black box systems...advanced indicators
It was in oct 2012 i took a break from trading, because i thought trading was not for me..it required
"secret inside knowledge".
But i missed it. In my life there are 3 things i will never quit, trading being one of them.
So after a periodof 4-5 months absence i tarted again but this time made a decision.
In many things..many problems i have solved basics always worked. From getting a new girlfrnd to
building a body basics always worked. So i decided to take this approach in my trading.
What r basics oftrading, one may ask?
buy low sell high.
thats it in a nutshell. so how to know when to buywhen to sell?
Ans---support/resistance lines my frnds.
Now just by drawingthese two lines on a chart and observing hhow pricereacts you can get very good profitable trdes
Before yu say"whatever,i know about them" i urge you to draw these linss nce on any chart
any timeframe. you will be surprised.
I am by no means an expert by now but my tradin has become waaayyy simple and profitable.
So anyone who wants to trade PPLLLZZZ GET THE BASICS IN ORDER.
TATS ALL'
Special thanks to S_T....AW10....PRIDE
i know this post is not suitable under "daytrading" but this is most visited thread so i hope people will read
(warning---This post is looonnnggggg)
originally thought of posting this because i have learnt so much from here and wanted to give back.
I started trading in 2011. It was a indicator based system. stoch...sma...adx etc.
Used to trade hapazardly. some losses some profits. I thought i knew the basics so went over
to advancedstrtegies. (although there was a periodwhere i
traded sensibly using simple tips tricks given by SMART TRADE)And by advanced i mean my charts were clutered to such point that
the price was completely hidden.
then my search for the holy grail begun...Reading countless books...countless videos watched
It was pretty dumb..viz. i was pretty dumb. I jumped from indictor to indicator...from technique to technique.
from charts to news to listening to t.v experts. I was convinced that trading was sumthing
very secretive and to get this secret i had to break "the secret of traders".
But mylosses and profits were equl,even after all voodoo black box systems...advanced indicators
It was in oct 2012 i took a break from trading, because i thought trading was not for me..it required
"secret inside knowledge".
But i missed it. In my life there are 3 things i will never quit, trading being one of them.
So after a periodof 4-5 months absence i tarted again but this time made a decision.
In many things..many problems i have solved basics always worked. From getting a new girlfrnd to
building a body basics always worked. So i decided to take this approach in my trading.
What r basics oftrading, one may ask?
buy low sell high.
thats it in a nutshell. so how to know when to buywhen to sell?
Ans---support/resistance lines my frnds.
Now just by drawingthese two lines on a chart and observing hhow pricereacts you can get very good profitable trdes
Before yu say"whatever,i know about them" i urge you to draw these linss nce on any chart
any timeframe. you will be surprised.
I am by no means an expert by now but my tradin has become waaayyy simple and profitable.
So anyone who wants to trade PPLLLZZZ GET THE BASICS IN ORDER.
TATS ALL'