ALL >> Stock-Market-Future-Market-Commodity-Market >> View Article
How A Quote-screen Trader Makes Money
A short-term trader has one objective: to catch the current trend of the market. That is it. That is all you should try to do. It sounds easy, but trust me-it is far from simple, and for two reasons. The first is that trend identification is an art and science unto itself, and more abstract art at that.
It is a blend of Picasso and Cezanne with a splash of Chagall tossed in for fun. Second, even if you correctly spot the trend change, your reactive mind may screw things up and blow it for you. This is especially true if you are long with a loss or nominal profit and suddenly get a sell signal.
Do not confuse day trading with your long-term outlook; that is about something happening in the future. Day traders don't-can't-care about the future. Your only concern is being in phase with the current short-term trend. Your mission, should you accept this assignment, is to mimic what the market is doing. If it is up, you should be long, if down, short. Trying to forecast short-term tops and bottoms is a surefire way to rapidly deplete your bankroll. You want to be with the trend; it is your only friend.
Since greed ...
... is a stronger emotion than fear, your response will most often be to "hold and hope" which means you bypass the current new trend, holding on to the long position hoping the sell will be wrong when you should have spun on a dime. Dopes hope, winners are spinners.
Add Comment
Stock Market/Future Market/Commodity Market Articles
1. The Impact Of Paxful Clone Script On The Defi EcosystemAuthor: AnAinfo
2. The Most Effective Way To Reach Coinbase For Urgent Issues
Author: Mathrobin
3. Why Every Crypto User Should Save A Trusted Crypto Support Number
Author: Mathrobin
4. Waaree Energies Unlisted Share: Strategic Expansion And Upcoming Ipo
Author: Deevay Rattan
5. How To Choose The Right Broker And Open A Free Demat Account
Author: Stock Broker in India
6. Tiktok Editing Services To Help You Go Viral: What You Need To Know
Author: Trending Bizzs
7. Top 5 Tools Every Short Form Video Editor Should Use
Author: Trending Bizzs
8. Emerging Strategies For The Future Of Digital Marketing
Author: Omitechno
9. Revolutionizing Enterprise Finance With Custom Ton Wallet Solutions
Author: oliverethanrobin
10. Using Technical Analysis And Stock Charts: A Beginner's Guide
Author: Neha Jain
11. A Complete Guide To Online Cfd Trading Understanding
Author: Spectra Global
12. How To Invest In The Stock Market: A Detailed Guide
Author: Abhishekh Bhandare
13. Paper Trading App
Author: Neostox
14. Eip 4337 Based Account Abstraction: Why It May Not Work For Institutions
Author: Omkarr
15. Online Cricket Betting Sites With T20 World Cup
Author: Ram charan