Post
Topic
Board Trading Discussion
Re: Don't trade because you have funds, trade when you have opportunity
by
Oshosondy
on 22/12/2024, 11:22:05 UTC
This is my personal experience guys actually what I have done is I have deposited money in sites and started trading without emotional control just taking a trade without understanding direction. Most of the times markets are in consolidated state. In such phrase absolutely we end with losses. My suggestion is wait for a clear direction then only take trade it may take few days but gives good returns
A trader like you will be good. There are times that the market will be bad for a short period of time and later become good again. Even some people set limit order at a very low price for this reason. It is a good strategy for swing traders.

But a day traders and scalpers trade in a different way. Scalpers may use 15 minutes candles while day trader may use 1 to 4 hours candles. But why what you said, you will use 1 days or more like 1 week candles for your trading. Yours means more patience and better but some people can still make profit from scalping and day trading.