I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer, inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?
You need to have at least two accounts one is for trading and one for investing. The rationale of this is in day trading, lost is unavoidable even a seasoned trader experience losing a trade. Your account in trading will give you a room for improvement as times go by, experience is the best teachers in trading. The more losing experience the more you learn. Your one account which are dedicated for long term investing are your hedge account if your trading account is losing. This will help you recover if you are at lost position at your trading account.