Traders are always in hurry to place there trades. As soon the market (Commodity, Currency, Nifty and Bank nifty ) opens in the morning traders are entering there neck in the computer and are so serious for trading. They forget everything and are so serious for finding there trades.
As soon as they locate there trade , and if the market moves so fast and if the traders are not able to take the trade , they just run after that trade and they execute there trade under any condition even if they dont got there decided point. They dont know that Market will be there tomarrow . They dont know that market never ends.
Just have a patience while trading since market is always there today , tomarrow , and lifetime , Market never ends.you should never trade the market in hurry. If you are Panic or got confused due to some reasons then you should never trade on that particular day. just close your system and go for movie or just relax yourself. Entertain yourself and get back your energy by motivating yourself.
Going for holidays two or three days is the best idea to relax yourself. Have a habit to outside for enjoying the holidays for two three days once in a couple of month. You will get back your enthusiasm and motivation for trading.
Meditation is also the best way to relax yourself while trading. you should meditate daily minimum fifteen to thirty minutes to get back your concentration or mind power for trading.
Market gives punishment if we dont follow the rules while trading. Most of the traders think that they trade the market but Market trades the trader for those who dont follow the market rules.
Traders always think that there might be a secret formula for trading where they will get sure shot profit for each trade. They are in a deep search for new and complicated strategies. Most of the traders are searching from last year after years for different strategies , but they don’t find any which works sure shot for each trade.
Trading strategy should be simple and easy to understand. Success lies in simplicity. Devlope your simple strategy for trading.
We cant get success in running after the markets. Understand the habbits of market. Understand the price action of markets. Know what market follows. Market follows the TREND , PRICE ACTION and SUPPORT and RESISTANCE. If we study what market follows then definately we will get success in trading. Fall in LOVE with the market and follow what market likes. Learn Price Action trading and success will follow you in trading.
The main objective of Price action trading is to learn how market behaves and how it follows PRICE ACTION , TREND and SUPPORT and RESISTANCE.
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