Saturday, August 28, 2010

Pointers to improve trading :
Addressing Bad Habits
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1. Micro-managing trades on the move
2. Boredom trades.
3. Restless trades.

1. Reversal trades could be tricky
Especially before confirmation
That downtrend is confirmed. &
A reversal has taken place. A
Trend is in place. So actually 3
Questions :
1. Has a bottom been reached
2. Any sign of confirmation.
3. What is the upside ?
4. Risk/Reward ok ??
The tricky thing is to fool ourselves to enter early, thinking it's the bottom of the bottom so as to improve the risk/reward instead of
Waiting for a reversal confirmation which will we think ruin the illusive but pretty Risk/Reward.
Reversal actually refers to an end of a wave be it 1,,2,3,4,5 or A,b or C

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