"Always have a clear plan in place; if you aren't able to find one, wait for one to emerge. Don't strain to find opportunities. When you are relaxed and attentive, market shows very clear set ups. Look for fractals..the repetitive patterns .Once your plan is ready, put to action with clear cut entry, exit and SL. Be willing gladly to give away the "loss" to market that will keep you safe for the long haul. This is very important: Accept the market action if it goes against your plan & exit with your SL. If it goes with your plan, don't get excited but follow through with your exit plan and don't get carried away by greed.
So you have fear at the bottom(entry/ SL) and greed at the top.(exit)Make a habit of conquering these emotions by first becoming aware of their emergence at critical junctures.""
There are so many methods to figure out what the market is likely to do next and when you follow so many methods without "integrating them in a cohesive system", you are actually increasing the "width" of your approach. It is alright to increase the width if you are in a teaching profession but not in an active field. When you want to find water digging, you reach for "depth" and not "width". The deeper you go, the quicker you find water.
Similarly in stock market too, find quickly a method that suits your nature and easy to comprehend by you, go deeper into it with discipline, you will sure to find your riches. As you find your riches and your comprehending ability increases and you find yourself needing better strategies with the size increasing, add then another method but integrate it with your earlier one to evolve into a sharper weapon to deal with the ever changing dynamic market, then add another method to it integrating into the earlier one.
Lastly, Don't ever limit yourself by the "doubters" who forever raise questions but fail to give answers. I think, the answer lies within you and until you find that your search will continue. There is a "holy grail in stock market" and that is "depth, consistency and patience with your chosen method"
Applying what is learnt:
Learning can go on for eternity but practice must start immediately to develop the "Intuitive capability" to understand and apply this knowledge for profitable trades.
Wish all of you a Happy and Profitable Trading
