Post
Topic
Board Trading Discussion
Re: Don't trade because you have funds, trade when you have opportunity
by
Alphakilo
on 22/12/2024, 22:05:47 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 lack of strategy is what this looks like to me.

If there is a trading strategy already, it puts a check on impulse trading. Don't trade because you have funds, trade when you have a trading strategy. This strategy must also be customized to fit in with your trading pattern. You can't copy another trader's strategy and expect to become a trader who will be profitable in the future.

As you have said, my suggestion is that the clear direction you need to take a trade is in your trading strategy and this is how you become profitable.