Stock Talks – Do u trade ?
The scenario hais changed, Now It Is Finally realized that It take some time
, probably because of the irony of it all .I mean to say who might have thought that the Intraday stock traders' who are the real key to consistent profits in the market all boils down to humility and their ability to get out of trades when they need to the most.Whether it's been on the winning side of trades where I've tried to squeeze the last $0.50 out of a stock, or it's a losing position that has been trying to tell me I'm wrong (those numbers areREDfor a reason!), I am guilty!In recent weeks, the bulls have gotten flat-outgreedy!They have beenunwilling to sell, and with the market pointing sharply higher off the summer lows, it's no big surprise that they are feeling this way. Momentum is clearly on their side. Every dip in COMMODITIES is being bought, and that only perpetuates the cycle as traders get more confident with every dip that they can put cash to work and catch a ride higher.
So Achieving greatness in Intarady trading or Deliver begins with humility. Stubborn pride doesn't accept losses easily, so put it aside on a regular basis. Check your ego at the door. The market's bigger than we are, so if we argue with it long enough we're going to lose! Keep those stop losses in place and give yourself and make the best possible chance to win this battle!
During the same time, the bears (and underinvested bulls) have been fearful. With every uptick there comes a concern that the market may never look back. As a result, there has beensteady buying pressurewith underinvested bulls throwing cash at the market while the bears run to cover their shorts every time a pullback ends and things again turn green.
if you feel like you're missing out on some good opportunities, hang in there..you'll get more pitches to swing at!When the market blasts higher and you're sitting on a pile of cash, it's a frustrating feeling. You see stocks on the move which aren't on your screen, and the continual question you ask yourself is "why am I not in that?"
Be smart! Trading is about real money, not just flickering numbers on a screen. Be prepared and protect your capital at all costs. That guy in the mirror will hold you accountable the next time you see him!
Take a good look at the information your trading layout displays for you. Do you need it all? Are those indicators doing anything for you other than just adding color to the charts? Is there conflicting information which is regularly keeping you from capturing good moves in this market.
HAPPY TRADING !!
Stock Talks Do u trade ?
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