I didn't know about that. I did some quick research, and it sounds good to me. If you have any suggestions or advice about that, please mention it here. Thank you so much.
I am some how new to trading, you know every trade is different and you learn new things, I ask some friends to give me advice on my trades.
Hi, thanks for sharing your thoughts here. I was wondering to know how you learn these 5 elements by over trading coz I just lost money.
I greatly appreciate your time because you answered my question in great detail. I am aware that I require additional details about that. I should look around more.
Good day, Kmiklas Thank you for visiting. It must be a big deal for every trader at the beginning of their trading career. I'm very happy I raised this topic here and got such wonderful responses. With regard to your number 1 mentioned here, there is just one thing I don't understand.
Interesting, hmmm. Do you mean I have to create a check list for my trades? How do I go about making that?
The one thing I recommend each trader do is have a written plan. For whatever reason you are more likely to follow a written plan than if you just have a plan in your head. I call it an operators manual and it should answer the question "What do I do now?" My checklist has all the criteria that must be met before I enter a trade. I shared some of them in post #54
Hello eleanorK80, Well I learned by trading everyday and taking losses and taking wins. And everything you are saying, is what us trader go through. I like @deaddog approach of having a plan in place on handle wins and losses and stay objective on track to trading. Because emotions, stupid trading, regret trading, fearful trading, I wanna give up trading WILL indeed come. You can not run from anything you are feeling. All you can do is embrace it and plan for it and battle it, a plan helps reduce this things, so you remain in control.
Example: you buy AAPL, and it goes up 1%. You buy _more_. https://ia903009.us.archive.org/4/items/JesseLivermoreReminiscencesOfAStockOperator/Jesse Livermore Reminiscences Of A Stock Operator.pdf
I consider myself to be a writer of all things.particularly significant things, such as trdaing. I set aside a notepad solely for recording trading information.