Post
Topic
Board Trading Discussion
Re: How do you develop stronger hands?
by
youdacapt
on 22/01/2021, 17:58:13 UTC
Let's say you analyze the charts, you make a call, and place a trade with a certain time horizon.  How do you avoid getting 'shaken out' in the short term? 

I'm finding my calls are right, way more than 50% of the time, but I'm not as profitable a trader as I should be, because it seems more often than not, there's either a dump out, the chart starts to look like it's turning bearish and I begin to lose confidence in my calls.  Then I might set a stop loss and there's a shake-out, it eats through my order, then the trend turns around and basically does exactly what I had originally called.  Or if it starts dumping I might panic sell. 

I'm typically more profitable if I do not even look at the chart, like at all, after making my buy.  Not sure that's good either. 

What do you recommend in this case? 

I'm also thinking, if I had a read that the price was going to fall short term before the long, then I could get a better entry, but it almost always takes me by surprise. Is it whales that are swinging their whale dicks, that do that (and thus why I don't see it lining up that way), or is it just me? 

Any feedback welcome.

Firstly i think the easiest way to avoid ''shaken out'' is to always stick to your trading plan and also employ stop loss to your trades. If you apply sl, your trading loss will be of very little %. It is not advisable also for you to make investments without studying trade charts; thats gambling. i will advice that you continue with your actual strategy and be more consistent in practice and patience, it will pay off.