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Feeling good in your trading journey started from downloading the right knowledge,a profitable trader started from downloading the basics technical skill and make use of it on the chart , learning how to trade stated with knowing what is the basic use of every candle stick and when to use it , learning takes times those who wait will be the best trader in any financial markets,I will base my article on what we over look in the market
MARKET STRUCTURE
Before you mention emotion,you must first know what you are doing,you must first know how to analyze the chat ,As a technical trader when you open your chat you must be able to know what the market is doing
Getting what financial markets is can be view from our local market ,when we go to the market,they are always be three activity going on In the market, first you see someone buying goods , second you see seller selling goods to the customer and thirdly you will see negotiations between buyers and sellers,this is also the same in the chat
Ability to recognize when the market is going up ,which means the market is buying also call long ,also when the chart is moving down , which means the market is selling also called short and when the market is consolidating ,this means the market is ranging ,this is market structure,
this is little things actually cause damage in our trading career when we over look it ,to structure out a good market structure,we higher Time frames because higher time frame always show the bigger picture in the market,rather smaller time frame ,most trader believe smaller time frame bring too much noise
ENTRY POINT
After getting the direction where the market is going,the next thing is to know how to enter the market and exist and not blowing up your capital,have seen where trader enter a trade with 1$ and makes profit and also see where trader enter a trade with thousand dollars and blow up the account,
entry the a trade and making profit is not about your a account size is about the skills you have on timing the market,it's easy to blow up a capital if you are aggressive trader than non aggressive trader and it's easy to make much money in the profit in the market if you are aggressive trader than non aggressive trader
Pulling back is sure point to enter the market if the market have take off or if you miss the first entry,a trader should know the market will surely pullback,you blow your account when you see the market as already move in your prediction and Don't want to miss more pips , market will surely pullback that is a most
Setting buy limit or sell limit is another forms of ways to enter the market,if you can't watch the market,I don't really like the types because sometimes you don't really know maybe the market is pulling back or the market is changing direction, that's I prefer market execution and setting stop loss and take profit
I will stop here on this article and continue some other times, I hope article help you reconsider how you views the market
You can also help by reblog , upvote and I will also appreciate your comment
God bless you 💠 God bless me💠 God bless hive community
Greed is what kills a lot of day traders. Someone will see a huge profit and still want more. We have to tamed our emotions in trading. Thanks my brother for this beautiful piece.
Emotions while trading is a bad thing, truly. One can make serious mistake while trading. You did well @ajanaku
Trading responsibly and carefully is very important in this space!
Nice piece of information 👍