ᴛʀᴀᴅɪɴɢ ʟᴇꜱꜱᴏɴꜱ/ʀᴜʟᴇꜱ ɪ ʜᴀᴠᴇ ʟᴇᴀʀɴᴛ ꜱᴏ ꜰᴀʀ 📈
ᴀ ᴛʜʀᴇᴀᴅ 🧵
ᴘʟᴇᴀꜱᴇ ʟɪᴋᴇ ᴀɴᴅ ʀᴇᴛᴡᴇᴇᴛ ɪꜰ ʏᴏᴜ ꜰɪɴᴅ ᴛʜɪꜱ ʜᴇʟᴘꜰᴜʟ
@PAlearner @caniravkaria @Puretechnicals9 @Rishikesh_ADX @payal_trustable @ProdigalTrader @RajarshitaS @TraderHarneet
1⃣ The things that I look for are:
(a) the long-term trend,
(b) the current chart pattern, and
(c) picking a good spot to buy or sell. If you want to read the behaviour of the market, ask yourself…
(a) What’s the long-term trend?
(b) If any chart pattern is forming?
#trading
(c) Finding areas of value?
(d) Who’s more powerful, buyers or sellers?
Personally for me I trade like to trade bullish continuation patterns like Flags, Ascending Triangle, Rectangles, Penants, Falling Wedge in an already established uptrend.
2⃣ Set a pre-defined stop-loss at the same time I enter a trade and keep tralling as the trade moves in your favour.
As a trader, you never know if the next trade will be a winner or a loser.That’s why you have a stop loss to protect your downside — so you don’t lose everything.
3⃣Not over-relying on fundamentals as it indicates a lack of faith in trend following.
As a Trend Follower, the only thing that matters to me is the price.
Rumors,Fundamentals,Opinions don’t matter to me at all.