The market made a nice move today.
Buying at the consolidation and selling at the top is the easy trade I can see for today.
Quite choppy early in the trading day but as the trading day unfolds, it's all in the bag.
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Monday, March 19, 2012
Friday, March 16, 2012
Wednesday, March 14, 2012
The market did not do anything today except to move sideways.
It got tired/burned from yesterday's big upside.
It paused for a little bit and both participants are watching each others back who's going to move where.
No convincing trade setup for today except some scalping which are good for quick traders.
It got tired/burned from yesterday's big upside.
It paused for a little bit and both participants are watching each others back who's going to move where.
No convincing trade setup for today except some scalping which are good for quick traders.
How To Trade Successfully
That's the four words every aspiring, novice, struggling wannabe' traders trying to find out.
There are lot of ways to trade the market as there are many instruments to trade of.
Like the individual stocks, bonds, currencies, commodities, futures, other European markets, indexes, etc.
As you go along with your trading endeavor, if you treat it seriously, you will encounter lots of obstacles in finding the right way to trade the market.
Since you are looking for the quick buck to make in the market, you are jumping from any instruments to trade.
Then you realize that trading the market is not just like that.
That's where you have/need to search for some help/solutions how you can beat the market.
Subscriptions, chat rooms, alerts, newsletters, blogs recommendations, and the likes won't help since the market moves on a different time frame.
Plus the market is more on human psychology than predictions.
Trading successfully lies mainly from trader's own understanding about the markets.
This can be acquired through years of watching how the market works. It takes time.
Taking all the ideas of reputable traders and mold them into your own way is the right approach to trade the market successfully.
Other than that, your own psychology about the market matters too.
And finding the right instruments (niche) to trade the market is important.
Mastering/familiarizing few instruments to trade the market will give you an edge.
There are lot of ways to trade the market as there are many instruments to trade of.
Like the individual stocks, bonds, currencies, commodities, futures, other European markets, indexes, etc.
As you go along with your trading endeavor, if you treat it seriously, you will encounter lots of obstacles in finding the right way to trade the market.
Since you are looking for the quick buck to make in the market, you are jumping from any instruments to trade.
Then you realize that trading the market is not just like that.
That's where you have/need to search for some help/solutions how you can beat the market.
Subscriptions, chat rooms, alerts, newsletters, blogs recommendations, and the likes won't help since the market moves on a different time frame.
Plus the market is more on human psychology than predictions.
Trading successfully lies mainly from trader's own understanding about the markets.
This can be acquired through years of watching how the market works. It takes time.
Taking all the ideas of reputable traders and mold them into your own way is the right approach to trade the market successfully.
Other than that, your own psychology about the market matters too.
And finding the right instruments (niche) to trade the market is important.
Mastering/familiarizing few instruments to trade the market will give you an edge.
Tuesday, March 13, 2012
The market rallied today as soon as it surge in the open.
A sign that the bulls are in the momentum.
Buying after the pullback in the open is the best setup for the entry and just ride it from thereon till the close(?).
That depends on your time frame.
But as the great trader, Bernard Baruch profess, "I make my money selling early".
For this "posted by", trade "in-between" is the preferred setup which offers the low risk.
A sign that the bulls are in the momentum.
Buying after the pullback in the open is the best setup for the entry and just ride it from thereon till the close(?).
That depends on your time frame.
But as the great trader, Bernard Baruch profess, "I make my money selling early".
For this "posted by", trade "in-between" is the preferred setup which offers the low risk.
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