Post
Topic
Board Trading Discussion
Re: Does Technical Analysis Really Work?
by
Monarch B
on 20/02/2024, 08:01:56 UTC

In a bull market, I think the TA may not work at some point, it follows certain behavior as the market reacts to the sentiments but TA does work in most cases when the market goes sideways or even in the bear market.

The only psychological in trading is controlling the trader's greed which is why most advice says don't be too emotional about it. Sometimes when a trader can't wait for the right price and just keeps buying and not knowing why, he'll end up losing.


TA  means: Technical Analysis.

Yes I will keep your words in mind that greed must always be controlled I am like this.

Think I've taken a trad and that trade is profitable but at that point I'll be craving more to make a little more profit. Just after a while it will be seen that my profit amount is decreasing little by little.  Grin

Again when there is no trade maybe or going towards loss my stop loss is close to what is given then fear works in the mind which comes out little by little. Maybe I got out and then the market started to go up again. That kind of risk works in my mind.  Undecided

Maybe that's why I haven't been able to set my mind till now. Thanks for your feedback. Cheesy