вівторок, 24 січня 2017 р.

Price analysis vs real trading 

If you are good analyst it doesn't mean that you are a good trader. Always remember about it. To be a good trader not enough just understand well price behavior but you must use this knowledge for money making on your account. 
       There are two kind of traders. One of them is checking current situation and place most of trades intuitively. The other one do analysis before placing orders. I don't like to use discretionary trading because is too difficult explain why I did these or those trades after checking next day. For my opinion you can use intuitive trades after years of successful trading. It's like an artist which don't check proportions after huge experience in painting. But when you trade just several months and use initiative trading like base for your trading you are softly killing your account. Even if you have some profit this a question of time. 
       But problem is  that you could be absolutely correct with your analysis and wrong with your trading. Despite good analysis you received losses. Very familiar for a lot of trader. You did right analysis, and price go on by your scenario, but you are out of trade. Causes could be different: you have received stop losses, or wasn't your condition for opening position or you received few stops during volatile price behavior, or you hurried  up with entering. You have to check which cases have the most influence for your losses. And you must work with them. Identify them, understand why you did them, and avoid them in future trading. 
        If your analysis was good during long period before, there are no reasons to deny it when you are trading bad. The problem  could be not in analysis, the problem could be in your trading. You have to separate results of your analysis and results of your trading. And understand  where are you strong. And maybe you will be surprised that not always you did your trades based on your analysis, or despite bad analysis you did good trades. You will understand more when you will separately check results of your analysis and results of your trading. I'm sure you will received more clear answers about your trading and about your current results.



Yesterday i did several wrong trades despite I was right with total direction. 
       First of all I was too overconfident in my forecast. So I hurried with opening first trade. I didn't fix part of profits when I had possibility. Usually, I  fix part of my profit when price  move  in my direction. And third I wasn't lucky with third and forth entering. I received my daily limit stop loss (for my account it's 2%) for the first 30 minutes of trading. And I stopped trading. 
"Shit happens" as said Forrest Gump in movie. But always will be tomorrow. So be ready for good session. But if you afraid to receive losses even don't start the trading. 

P.S. Sometimes markets absolutely unpredictable, and all your scenarios could be wrong. It doesn't mean that you are a bad analyst (although it could be :) but it's means that sometimes predict price behavior is impossible. You should be ready for this when you put your on broker account. 

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