Every trader is there in the markets trying hard to earn maximum money . But most traders are only making impulsive moves in entering and exiting the markets out of anxiety or impatience. They try to jump the cart , and take either early entry or late entry.Most traders think that the more number of time they take trades the more they are going to earn . It is not like this . The markets are to be understood properly, like its dynamics. The trader feels how he can use his time spent sitting in the markets to the best use, so he tends to be overactive or over trades. once you get to understand the market dynamics then only take suitable trades and that too when the setup is fully confirmed. This would at least lead to best probability in your trades.
In fact there is always more sense in studying the weekly and the daily charts which most of the intraday traders miss to do and they are only starting the day and looking for the buy sell signals haphazardly, and looking for entries. The higher charts will give a fair idea of what the markets are doing and then based on that the entries to be done on the hot zones or zones of confluence.Once the trader has studied the most probable entries, then he needs to patiently sit in anticipation of the trade rather than taking any other entry.
This is the better way to success in the stock markets .
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
In fact there is always more sense in studying the weekly and the daily charts which most of the intraday traders miss to do and they are only starting the day and looking for the buy sell signals haphazardly, and looking for entries. The higher charts will give a fair idea of what the markets are doing and then based on that the entries to be done on the hot zones or zones of confluence.Once the trader has studied the most probable entries, then he needs to patiently sit in anticipation of the trade rather than taking any other entry.
This is the better way to success in the stock markets .
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
― Abraham Lincoln
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