What kind of person am I? Do I need lots of action, Do I need to make decisions all the time or w8? What quotes & theory have I read? Which Top Traders do I most admire & why? Could you easily copy their style of Trading or apply the ditto style by just seeing or based on levels that is initiated on the public forum?
My Style of Trading will not suit everyone, but the point is after many years of trial & error with hard knocks has made me find a system that fits me and i can easily adapt to any electronic instruments or financial instruments traded worldwide.. If the Conditions aren't right for me or convince me, I see nothing wrong sitting on the sidelines for the right entry level even when we know where the prices are heading because i don't risk my money and spoil my peace of mind and individualism which is nature's gift for those who take up this profession.. I spend just a few mins for checking the charts of a particular instrument or stock with appropriate time frame and twice a week i spend hours for the same depending upon the instrument... The Rest of the time is mine to study & to observe the price action, behavioral pattern, the crowds impulse, their belief's hypes their rigid stupidity and how their actions will impact on price movement & the way how it sucks technical stop's and violates sup & resistance against the belief of the mass and how Mkt's fake a pattern & even fool Professional chartist's & stubborn technicians at times.. Perhaps the most important thing is to reason where & when what studies, methods, techniques will work if applied @ that point of time.. Will it work or not and If YES, it's contrary's, if not then, why NOT? Because all methods, techniques, studies patterns, fundamentals works most accurately when applied to proper cycle and that skill is developed by one self only from their experience & Courage, as the most successful traders & strategists are those who do not care Money or tied with those emotions and sentiments because the only thing they will be bind and abided to crack the code by taking or accepting responsibility of the thoughts actions & consequences which is very tough by other unknown reasons of their own...
Successful trader mind's are those who know's every action he takes every decision he makes & only he is responsible for that action.. Many traders say this just to pretend themselves as matured or wise enough, but none will accept or adapt.. There are traders who buy 'N' number of books online and read, but they wouldn't have understood or realized how to test it, make it work and adapt... They just read for a sake of completing a degree course.. To understand and realize that.. One should first find the flaws in him, and by reading the quote he has to make a try and see how it works when & where you applied and how did it turn out and then they make a conviction.. That is a Lengthy & Painful Process which takes months and years.. Some Folks Lack Patience & some of them need quick buck these days... And you find very few of them who has made it have no time to cope or share their wisdom with stupids on the social forums.. I see 10k,20k, 30k Followers for Guru's & Experts, i always wondered how is that possible, but later i myself made a due diligence and studies, their streams and strategies and was surprised the same Guru's Failed to identify simple patterns with rapid common sense... It's inappropriate to name them.. I never make mistakes twice or thrice or base opinions on first impressions, I make mistake 6 to 7 times just to make sure & then explore a little deeper before coming to a conclusion.. Let it be in my day2day life or in Trading & analyzing.. Maybe that's a Sagittarius thing or maybe that's the reason why they say Life and markets are 2 faces of the same coin, how u live in your daily life your thoughts, your actions your deeds or steps has a direct impact on your trading mindset and it's skill's.
(Cont / Nxt week)
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