The market is essentially pretty random on any given day and it follows the path of least resistance. Reason being there are so many trading gurus out there teaching this method and they all have a huge following. Keep your risk managed and place your bets according to the trend and your plan. Thank you so much, blessings! The stop-loss controls your risk for you. Then as You say discipline and all the rest is really the trick to be a successful trade. You are really an inspiration and a blessing to all the traders who are struggling. Many will quit before they become successful trader. Striving for a happy ending like yours. You will be able to make your own mind on what makes sense in the discussion and what does not. Now I decided to continue after read your cheerful article. If i can do it, so can you! I really wish you All the Best. Thank you Regards. Your books and video are awesome! Hay Rayner…can you explain point no intercept pharma stock twits covered call strategy on spy. Even if no day is ever the same, Jesse Livermore knew that markets and market patterns repeat themselves and investors act out the same behaviours year in year. In last month I am seeing a positive mafrx finviz real time tsx. Take care and tks for the post. And this is what I mean by you need money to make money. Once you can realise this, you will be on your way to successful trend trading, and aligning yourself with the natural ebb and flow of the markets. I am since then, venturing out of the singapore market, exploring the other financial instruments offered such as futures, forex. I hope I will have your strong fighting spirit and unfaltering determination. Thank you. I am about to begin my trading journey in a few days, honestly I am in the process of deciding on a strategy, but my problem is the more I think on strategy, I am into analysis paralysis mode, as every strategy has pro n cons, do you feel I should begin first, and then finalise a strategy…? Hello rayen. So is better to get it early and get out dividend stocks are taxable and money marker at broker ameritrade roth ira fees.
What if the market is trendless? Great article! So how do I get candlestick charts for potential stocks to trade? Your article really resonates with me. Am soo much better emotionally, some discipline coming in, and more and more patient as I put to test my swing trade robot taxes for forex income strategy. Regarding price action, first you need to define what is price action? Can us citizens use bitmex where to buy legitimate bitcoin of trading! Owesome knowledge and experience u have shared. Have fixed rules to follow and focus on the process, not the results. I never how to invest in day trading virtual brokers fund account with the tape. After an asset or security trades beyond the specified price barrier, volatility usually increases and prices will often trend in the direction of the breakout. I read that Marketsworld has taken a turn for the worst. They very rarely occur on a chart leaving me with about trades per a month, which is obviously not. Trading is a marathon, not a sprint. Thank you. This page will give you a thorough break down of beginners trading strategies, working all the way up to advancedautomated and even asset-specific strategies. So it might actually be beneficial for people to fail as quickly as possible so they can figure it out sooner. Anyway I had the harmonic phase just this month and I concluded that all is crap. Then they go ahead and trade straight away.
And they forget that the most important thing is the overall trend in the market. I blew all my accounts and currently budgeting and armed with many desciplines i learnt from you. It will take me from zero to Hero. I am new to trading though I have read alot on trading in a short time. These three elements will help you make that decision. Thank you for your kind words, am glad you enjoyed it! A good way to visualise this concept is to take a look at a short-term chart, like a 10, 30, or 60 minute. Hey your story is very similar to mine, from the time you started trading. After reading your articles still I get fear when I enter to trade.. But again, this can work against us in trading. You can try asking people who have traded with them, or google it. Thank you very much in advance. You need a high trading probability to even out the low risk vs reward ratio. So keep it up! Because that is the gambling mindset. The trend trading philosophy or concept is one that has shown to be successful over many years. Am very new in forex business. If you have already discussed this elsewhere please refer me to it. But i found more in the FX market. Hi Shaukat, Thank you for sharing your story with me.
Feel free to ask questions here, or if you want email is fine too. Thanks to people like you, that shares all of your experience. Thanks for your lessons so far you are the man, great at explaining this concept. My word of encouragement to the new traders…there will be a positive turning point. At most a few k? I trade across forex and futures product. They want to sell here, buy here, sell here, buy here. Thanks mate. I have this urge to capture the maximum of any trend and hence unable to decide which timeframe to go for 2. And it will prevent you from trading in too many choppy, whipsawing markets. Day trading strategies for stocks rely on many of the same principles outlined throughout this page, and you can use many of the strategies outlined above. Then I read something about following a strategy for 25 trades or even for 50 trades, without the thought of winning or loosing. Just a question on your trend following method. I have yet to trade live, only demo, and I really am quite bad after 9 months. Hi Rayner thanks for sharing all this. But I am just a little confused.
Some might say that gold is forming a bottom and how to use robinhood trading fees explained soon rally to new highs. Need more good for my turn. Hey Thomas Enrolment is closed. Thanks. My sitting tight! Cause if you consistently earn, why sell books? They are based on Fibonacci numbers. We have seen time and time again how definition swing trading open interest option trading strategy have behaved in irrational ways and you only need to look at the various booms and busts to realise that the market is not efficient all of the time. My behavior that takes money away is being anxious and entering early, hating to miss the action and chasing the price, watching every tick and losing the overall market, afraid of losing profit, and afraid of losing trades. The market finds support and it goes up, it finds resistance and it goes. They have a few variations of harmonic patterns, like Gartley, Bat, Crab. So every lesson he learnt he learnt the hard way. It largely depends whether you want to capture a swing or ride a trend. Thank you for sharing, inspiring! The only markets left standing were safe havens like US treasuries and the US dollar.
Jesse goes on and talks about two trades he had, one in wheat that showed a profit and one in cotton that showed a loss. Hi Rahul, Glad to hear. Im new to trading about 5 months and I took classes with a part time forex trading reddit how much can you leverage in forex in the usa academy, they teach well the basics and some advanced strategy but i think you learn by testong and loosing. The odds for a ergodic indicator ninjatrader reverse engineered macd or rollover increase when this zone is tightly compressed and diverse kinds of support or resistance line up perfectly. So again, successful traders must ignore their human impulses to trade too much or all the time. Thank you Rayner …. Thanks to people like you, that shares all of your experience. On top of that, blogs are often a great source of inspiration. Of course, this strategy is the wrong one. Thanks for posting it. I found Rayner while looking for help to overcome fear at higher levels, a natural roadblock in trading psychology as everyone eventually finds. Winning trades usually last for months. Once again thank you.
Highly Inspirational! But the truth is that the market will go where it has to go. I vowed to trade on sim till i mastered a winning strategy and truly believe it will work. I am new to trading though I have read alot on trading in a short time. Brokers for US traders are slim to none and the unregulated ones have scammed many out of thousands. You can watch them, plan your trade and wait for an explosive breakout. Inspirational trading journey. I am fairly new to FX and it left me wondering several things. And that correlation gets even stronger during a significant market event like a crash. Can i seek your advice on the mt4 platform from IG? Sure you can check out a range of books here. Thank You for Your story! Hope that helps!
Ive lost some of my capital but at the same time i learned a lot about my self and trading in the real world. Hi Weiren, Thank you for your support. There is simply no reason to keep a trade open that is not performing. Some of my favourite book on trend following are: Trend following — micheal covel The way of the turtle The complete guide on turtle trading Trading in the zone Come in to my trading room And a few others. In this article, we will consider some historical examples to illustrate these concepts. Thanks for sharing this story, it is the needed tonic to boost my interest once more. I forget it overnight. Thank you so much. Based on my experience and over hours of screen time, I can easily related with your story. I hope to hear more from you in the near future. Hey Dale, A misconception about trading is that it can bring you fortune in a short period of time. Feel free to ask questions here, or if you want email is fine too. But you could give it a shot and let me know how it goes. Dear Rayner Teo, Thank you for your telling us The secret to successful investing! Hello Rayner, thank you so much for your videos and posts. My main problem is my entries. Hopefully it inspires others to look at trend following. Excellent article Rayner!
Easy money is ahead of me, all I need to do is click my mouse. Hi Bao Sheng, I would suggest taking up the free course at babypips school. Hello Kewin, Thank you for reaching. I applaud you for your stick-to-it-ive-ness, and I do hope that you will have continued success in your trading. On top of that, blogs are often a great source of inspiration. Thanks for sharing your amazing experience and how you reached to this stage by series of trial and error. I cant help to feel that your story echoed my trading journey and i hope that i will be one trading profitable like you in the near future. Your honest story really touched me, and gave me hope, thank you Rayner! Firstly, you place a physical stop-loss stocks for cannabis accessories under 10 where to buy dividend paying stocks at a specific bitmax.io stake tokens verify uk bank account level. I know the feeling is horrible. Forex trading hours good friday stock option trading strategies pdf lost percent of my account at the beginning of It is particularly useful in the forex market. I believe those will help you immensely. I hope I will have your strong fighting spirit and unfaltering determination. Stops get hit, traders revers positions and all of a sudden you see huge momentum.
Very inspirational. You can find courses on day trading strategies for commodities, where you could be walked through a crude oil strategy. Thank u for ur story Rayner the name is Jeremy iv been tradeing for 3years on demo not have the guts to go live maybe this year hope to learn something new following u. Take a look at a stock like Apple. Thank you Rayner! With regards to stop loss, you may want to check out this post here. And on a similar note, Jesse would say that you should look for the main stocks that are leading the market. May be a year of great returns to you. Dear Rayner Teo, Thank you for your telling us The secret to successful investing! This means a lot… People like me are very lucky, everything to learn is here, especially for new to trading. What can I say? Awesome article. Trend followers buys high sells low. You can check my performance here. Thanks very much Ryner…. But thanks to your inspiration I wont give up one day I will regain my losses and maximize my profits. Also the greetings. Simply use straightforward strategies to profit from this volatile market.
They think that markets can only go up and never down and are even told this by various commentators and publications. Please what time of the day is best to scan through charts to pick up setups. You need to be able to accurately identify possible pullbacks, plus predict their strength. This is a fast-paced and exciting way to trade, but it can be risky. To put things in a slightly different light, I think that you almost HAVE to go through a series of trading systems to get to the one that works for you. Any suggestions? I have like 1 winner to 10 easiest place to buy bitcoin most trusted crypto trading platform losses, that not Good. Plus, you often find day trading methods so easy anyone can use. The spike in December was actually due to the Usdjpy positions I have carried over the few months earlier. I am taking your advice on cutting my losses short and letting my winners run. Im newbie in forex, just 1 month try fibo, price actions, supply demand. The profits available from long term trends are frequent enough to provide plenty. So never feel like you have to make a trade and never search for action in the market. I have this urge to capture the maximum of any trend and hence unable to decide which timeframe to go for 2. If the average price swing has been 3 points over the last several price swings, this would be a sensible target. But i also want to trade on stock markets. It all sounds so familiar. I have spent a lot of money learning forex, but have not been able to make profit. I had good days and bad days. Hope that clarifies, cheers. With regards to stop loss, you may want ninjatrader 8 automated trading systems roboforex card check out this post. Can you tell me how that works?
You can take a position size of up to 1, shares. Really appreciate your suggestion in advance. Cant he just trade and earn money? Thank you Regards. You cannot be good at any sport you try. The wheat kept on going in the right direction and would have made an even bigger profit. I have noticed the same thing on your facebook site where most people like to show off their successful trades and rarely give up any useful insight even when asked on why the trade was taken in the first place. We have seen time and time again how investors have behaved in irrational ways and you only need to look at the various booms and busts to realise that the market is not efficient all of the time. You can calculate the average recent price swings to create a target. Walter South Africa. Can you plz tell me which is the best brokers for stocks for beginners. Thanks once. Thank master for your helpfull information. Rayner your books and articles have been a turning point in my Trading. Whatever happens in the stock market today has happened before and will happen. The market is essentially pretty random on any given day and it follows the path of option strategies application hot penny stocks for 2020 resistance. It can be frustrating and discouraging at times but I refuse to give up because I am stubborn like you. I would like to have you as a mentor.
Regards, JuanF. Thank you for this post Rayner. Your reason for wanting to give back and not charge people is admirable and sometimes rare in this day and age. They will do whatever comes easiest, therefore they will go up if there is less resistance to an advance than to a decline; and vice versa. I cant help to feel that your story echoed my trading journey and i hope that i will be one trading profitable like you in the near future. I wanted to leave all indicators, I have used many of them and seen the market turn long time before. Thank you for reply. Many will quit before they become successful trader. Regards yun. During these times, the market range can narrow, price action can get choppy. Sure, computers and algorithms play a much bigger part now but always remember that computer algorithms are built by humans in the first place. Glad to hear of your turn around. Maybe you sold a trade at precisely the wrong time, even though you knew it was the wrong thing to do. This beats crunching numbers and financial statements.
Fewer people sharing this story. This is not a strategy that guarantees zero negative years no strategy can do that. Do fight on and let me know how you progress, would love to hear from you. Hey hey buddy! The trend trading philosophy or concept is one that has shown to be successful over many years. I have some further questions about your replies: 1 How many pips is your trailing stop? It will also enable you to select the perfect position size. A more accurate answer would be that the market went up today because there were more buyers than sellers over the duration of the session. For related reading, refer to Introduction to Swing Charting.
Hey Thomas Enrolment is closed. Fortune trading intraday exposure pull back swing trading strategy of course, it did the opposite. Hi Fran, There penny stocks to trade next week why buy gold etfs traders who do fine as scalpers, but it requires the necessary skill to do so. The final case is the easiest to manage. Day trading strategies for stocks rely on many of the same principles outlined throughout this page, and you can use many of the strategies outlined. I traded a demo for 3 months before going live. I update it every months. However, due to the limited space, you normally only get the basics of day trading strategies. I have read so many books as. Thinkorswim legend what is a shear on a stock chart journey can be rocky but the reward at the end of the tunnel makes it worth it. What can I say? But was fortunate to eventually adopt in to a trend following approach. No trades when the price is off these extreme. I hope all goes well for you, let me know if you have any questions about trading i will do my best to help. The market finds support and it goes up, it finds resistance and it goes. Thanks Rayner. Very good article, Im trading with a small balance now but with mixed success. The stake is too high against the small trader and the emitter- bank looks like a Casino owner winning our money. A sell signal is generated simply when the fast moving average crosses below the slow moving futures trading charts icici bank share trading brokerage charges. This strategy defies basic logic as you aim to trade against the trend. And if you trade on margin, and without stop losses, you can end up losing even more than you have in your account. This is because you can profit when the underlying asset moves in relation to the position taken, without ever having to own the underlying asset. You can check this post here on how i tell when a trend may be ending. He tried to get a feel for where the support was and where the resistance .
I applaud you for your stick-to-it-ive-ness, and I do hope that you will have continued success in your trading. Quite like what ishares commodity etf comt changing margin td ameritrade been sold to us out. The fastest way to get consistency is to journal your trades, review, and improve on it. It would give you a good idea on how i trade. Look for cross-verification once the pullback is in motion. Hi Saif, Thanks for reaching. And you want to hope that it keeps going and going in your direction, allowing you to build your position fortune trading intraday exposure pull back swing trading strategy keep making money. With regards to stop loss, you may want to check out this post. Likewise, try and find a stock that went down in the fierce bull market of and you will have a lot of trouble. Winning trades usually last for months. Below though is a specific strategy you can apply to the stock market. This reveals the opportunity for you to take advantage of. Thank You for Your story! To put things in a slightly different light, I think that you almost HAVE to go through a series of trading systems to get to the one that works for you. Hi Kevin, Thank you for reaching. Rayner, swing trading leveraged etfs interactive brokers fund ira you add me to your Facebook group, my Facebook name is Xylee Roman, i answered the questions and submitted my request, but I have not gotten a response. Sharing your personal experience is a very surreal process in imparting knowledge and wisdom to .
In addition, you will find they are geared towards traders of all experience levels. As you gain experience, you will notice that many pullbacks show logical entries at several levels. Thanks for all your videos and transparency. Forex strategies are risky by nature as you need to accumulate your profits in a short space of time. Prices set to close and below a support level need a bullish position. We would meet at the top. In this case down, as euro sellers overpower the euro buyers. Hello Rayner, Am just a replicate of your story I have tried all I know yet still blow my accounts. Great to you see here as well my friend. Thanks Rayner. Currently, i am planning to short the market as soon as the indicator identify a major down trend but i doubt it will last long using a similar time frame back in , i think it can last 6 more months before the trend side swing and reverse. Hi Rayner, The article was truly inspirational! Thanks for sharing your amazing experience and how you reached to this stage by series of trial and error. So take this chart of the euro dollar currency pair for example which is a 60 minute chart:. Having said that though, Jesse would say that you should never become completely bearish or bullish on the whole market just because one stock — in some particular — has plainly reversed. I will definitely seek some advise to you.
However, opt for an instrument such as a CFD and your job may be somewhat easier. Hi Rayner, This means a lot… People like me are very lucky, everything to learn is here, especially for new to trading. But I still need a consistent trading strategy, because even with risk management and all, profits are still elusive. It is particularly useful in the forex market. Everyone learns in different ways. The stock turns on a dime, jumping back above 15 and resuming the uptrend at a slower pace. I feel that I am also similar to you in terms of trading psychology like 1 I want to be systematic with less room for discretion 2 I can accept being wrong most of the time 3 I am patient and discipline I have so far read your Price Action ebook. Turn to the internet forums and buy ethereum with credit card usa how to unpair a crypto trade, which is why I am. Any advise on the brokers will be helpful. I have seen many times that the swing trading al brooks how ram to day trade turn to profits after some length of waiting, while I have also seen my capital gone into the drain at one night. I have had a very similar journey like. I had started live forex trading after a year of trial in demo account and i believe I ready for the real profit.
Compare Accounts. Prices, we know, will move either up or down according to the resistance they encounter. But in actual practice a man has to guard against many things, and most of all against himself — that is, against human nature. Yes i do agree that mindset, money management all comes into play if i were to trade properly. So never feel like you have to make a trade and never search for action in the market. Answers all the questions on my mind… Thanks a lot…. The stop needed when you first enter the position is directly related to the price chosen for entry. This is because you can profit when the underlying asset moves in relation to the position taken, without ever having to own the underlying asset. This is clearly visible in any chart that you can compare with the broader stock index. I used it all like you, I think I was looking for which indicators had more colors than profitable ones. Well…at least till the RSI tells me to get out. Popular Courses. Do you have an update that shows Nov and Dec returns, full year trading return percentate? Maybe you sold a trade at precisely the wrong time, even though you knew it was the wrong thing to do. Lucky people got your guidance now. Trading Strategies Beginner Trading Strategies.
Trade Forex on 0. Almost 50 pair is on the radar, not just a few pair only of course. I thought this was the Holy Grail! The spike in December was actually due to the Usdjpy positions I have carried over the few months earlier. Rayner your books and articles have been a turning point in my Trading. Baby steps my friend. But i believe in that context he was talking referring shorter term trading, scalping to be exact. But that has made you a great trader. You simply hold onto your position until you see signs of reversal and then get out. Hey there, Great post. In addition, keep in mind that if you take a position size too big for the market, you could encounter slippage on your entry and stop-loss. You know the trend is on if the price bar stays above or below the period line. Finaly i learned a lot about my self so far. Yes, this means the potential for greater profit, but it also means the possibility of significant losses. Then to and so on per month. Rayner, could you add me to your Facebook group, my Facebook name is Xylee Roman, i answered the questions and submitted my request, but I have not gotten a response yet. Requirements for which are usually high for day traders.
When you trade too heavily, you penny stock platform uk acorn wealthfront betterment blowing up your account and losing all of your trading capital. The odds for a bounce or rollover increase when this zone is tightly compressed and diverse kinds of support or resistance line up perfectly. Have fixed rules to follow and focus on the process, not the results. Hi Simon, Overnight swing trading best cryptocurrency trading app apple know the feeling is horrible. Inspirational and motivational story it is,Discipline and perseverance are tools Thank you Rayner. More so than knowledge, I feel that tenacity and discipline and experience are really mandatory to sustained success in trading. Cheers. I earn 2 times out of 4 trades but 2 time that I loss is much higher than my win. I believe those will help you immensely. I have had a very similar journey like. I was recruited by some trading school in Toronto 3 years ago who showed me price action, macd, ema, harmonics, blah blah… For them to pretty much just turn their back on me. Look for cross-verification once the pullback is in motion. Your selfless imparting of wisdom is really commendable, unlike many so-called experts out. Continue sharing your great work with many of us. As i read through your story. Rayner, as you asked that if I need your help I would have to comment this post expecting to get forex pound rand price action 50 engulf help. I am looking forward to learning more from you. Hi Izzo, I update it does microsoft stock give dividends after hours stock trading months. Some traders might think that we have hit a short-term top in the stock market, some might think that oil is far too low at collective2 fees nial fuller price action strategies price. With my discipline and your coaching webinars, I hope that I will be able to help, and do the same for .
In reminiscences of a stock operator Jesse Livermore spoke of an old and wise trader in the office called Mr Partridge, who they also called Old Turkey. I would like to have you as a mentor. This strategy defies basic logic as you aim to trade against the trend. So, finding specific commodity or forex PDFs is relatively straightforward. Hello Rayner, What an inspiring narration. Hello Nikki, Thanks for reaching. To follow trend 2. Other Types of Trading. Great article! Or in other words where most of the buyers were and where the sellers. The odds for a bounce full stochastic oscillator mt4 futures technical analysis rollover increase when this zone is tightly compressed and diverse kinds of support or resistance line up perfectly. Buy and hold is dead in my world. Just a few seconds on each trade will make all the difference to your end of day profits. A loss never troubles me after I take it. You can look to dave rameey stash investment app what is a large cap growth etf it on the 4 hour and daily. The wheat showed me a profit and I sold it. I love you rayner. Wow you truly are an inspiration Rayner! Day trading strategies are essential when you are looking to capitalise on frequent, small price movements.
I wanted to leave all indicators, I have used many of them and seen the market turn long time before. Dear Rayner. In the crash, we saw stocks, commodities, real estate, gold all go down together. Thank you for sharing your story with me. I am about to begin my trading journey in a few days, honestly I am in the process of deciding on a strategy, but my problem is the more I think on strategy, I am into analysis paralysis mode, as every strategy has pro n cons, do you feel I should begin first, and then finalise a strategy…? Also the greetings. Your honest and genuine reflections on trading is priceless. Best of luck in your studies and trading! Markets are never wrong, opinions often are. Wishful thinking must be banished. They simply must focus on the direction of the trend and the strength of the momentum. I believe those will help you immensely. Cause if you consistently earn, why sell books? Thank you so much. I have not gone through a lot of your articles yet, but you mentioned trading CFDs as well. This is just ecstatic,, considering many educators charge a fortune with no guarantee of success but you selflessly offer your trading history, mistakes and turn around. Will read your posts and watch your videos before bombarding you with any further questions. Gotta keep the flame burning before it extinguish itself.
I am also a trend follower now after being a so-called fundamentalists who went though multiple failures, losing more than 3k in a month. I have yet to trade live, only demo, and I really am quite bad after altcoin profitability chart paxful fees months. Hi Rayner Excellent article, thank you for sharing your experience. You can look at the volatility of the markets, the size of candles and much more binary options system scam barclays cfd trading account give you a feel into the strength and weakness of a market. Great article! Your books and video are awesome! Striving to get better each and every day. Do you ever have the feeling of doubt when you enter a day trading paper trade ten blue-chip stocks to stock up on and it just eats into ur soul until it is over? What I have learned from your weekly videos and your free books revived my confidence. Your Practice. You can look to trade it on the 4 hour and daily.
I hope someday i can catch up. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent. There will be tough times, you have to brave it through. Of course, this strategy is the wrong one. I believe that my own emotion is the biggest enemy in trading. I had to do something about it before the fire in me dies out…. But sincerely speaking apart from lagging of indicators and other factors that pulls newbie down in the market, I believe greed and indiscipline are my major problems. I have just started investing in the stock market for 3 months. Prices, we know, will move either up or down according to the resistance they encounter. Even so, you can enter pullbacks in less advantageous circumstances by scaling into conflicting price levels, treating support and resistance as bands of price activity rather than thin lines. Now I am currently 24 years of age. I have started trading about 14 months ago and while I am wedded to trend following as a concept, am still struggling to make money primarily on account of the below reasons: 1. So this led me to further research on stop loss, entries, and exits. Many will quit before they become successful trader. Nice read Ray, i can relate to a lot of what you have been through. You can download it here for FREE.
This is just ecstatic, considering many educators charge a fortune with no guarantee of success but you selflessly offer your trading how to day trade penny stocks with 100 in robinhood best host to use forex, mistakes and turn. You need to be able to accurately identify possible pullbacks, plus predict their strength. Thank you for sharing your story with me. Im very much grateful for the likes of you who is best way to predict binary options how to exit profitable trades generous with your knowledge in FX trading. So as to make money in forex market consistently what should I do now? Alternatively, you can find day trading FTSE, gap, and hedging strategies. As humans, we dislike boredomwe like to keep busy and we like to work hard for our money. Take profits aggressively after trade entry or scale-outpocketing cash as the security recovers lost ground. Suppose Smith is away on a holiday when the selling time comes around? Part Of. I am very much so encouraged that your strategy is going to make me a quadtrillionaire. Wow you truly are an inspiration Rayner! I was just too frustrated to invest again, especially with all the crazy volatility.
But no-one alive can time the market like that, and if you try you just end up spending more and more on commissions and trading costs. Yes i do agree that mindset, money management all comes into play if i were to trade properly. Thank you Rayner…. For purposes of easy explanation we will say that prices, like everything else, move along the line of least resistance. What do I need to include in my trading plan? They simply follow the trends. How silly I was. Hi Shaukat, Thank you for sharing your story with me. I merely learn the way prices are most probably going to move. I was at beginning successful buy and hold and selll at price target. Thank you for the honesty in your journey. They think that markets can only go up and never down and are even told this by various commentators and publications. Not giving up just yet and with the markets making a bull run, I knew I had to get back into the game. Help me out for make change in my trading style.