Hi every1,
I'm a new member with very few postings(senior members pls excuse me) as am naive about this whole subject n trying to figure it out but i track this forum for mrkts like nothing else, the effort of all the ppl here to educate a person like me who doesnt even knew support n resistance is quite commendable, But I would like to put one of the more pertinent questions
Is tracking mrkts really the worth our time n money????, the reason behind this question is that I have known a lot of ppl(some of them experienced traders /investors been in the mrkt for decades) who have lost their entire personal holdings in the mrkts(stocks like pentamedia, vikas wsp), so for a person like me who trying to take few steps forward its really frightening and hence the question props up again. Is this knowledge/learning(technical/fundamental) a complete hogwash.
I have seen prices behaving to chart patterns whether this price movement is a rule or exception. PPl tell me is more of an exception coz at the other side of the screen ur against more experienced traders with deep pockets(institutions,HNI,informed investor,smart trader) so most of the time ur chart pattern n stuff will fail coz they also know all this stuff and will go all out to take u down.
Help me out guys, this is for all the senior members
Warm regds,
Sanefellow_213
I'm a new member with very few postings(senior members pls excuse me) as am naive about this whole subject n trying to figure it out but i track this forum for mrkts like nothing else, the effort of all the ppl here to educate a person like me who doesnt even knew support n resistance is quite commendable, But I would like to put one of the more pertinent questions
Is tracking mrkts really the worth our time n money????, the reason behind this question is that I have known a lot of ppl(some of them experienced traders /investors been in the mrkt for decades) who have lost their entire personal holdings in the mrkts(stocks like pentamedia, vikas wsp), so for a person like me who trying to take few steps forward its really frightening and hence the question props up again. Is this knowledge/learning(technical/fundamental) a complete hogwash.
I have seen prices behaving to chart patterns whether this price movement is a rule or exception. PPl tell me is more of an exception coz at the other side of the screen ur against more experienced traders with deep pockets(institutions,HNI,informed investor,smart trader) so most of the time ur chart pattern n stuff will fail coz they also know all this stuff and will go all out to take u down.
Help me out guys, this is for all the senior members
Warm regds,
Sanefellow_213