good to know information for new traders

Discussion in 'Technical Analysis' started by mute9003, Sep 11, 2021.

  1. mute9003

    mute9003

    what information would you pass down to new traders now that you have become consistently profitable
    and i dont mean generic stuff like"mindset is everything" "its all about psychology bro"

    i mean technical bits of information that are good to keep in mind when trading
     
  2. Be nice to everyone you meet, because if you're liked, those around you might give you helpful ideas/information, stuff you don't learn from books.
     
    Nobert likes this.
  3. deaddog

    deaddog

    Take the time to write a plan!!
     
  4. KCalhoun

    KCalhoun

    Lose less than you win

    Small stops

    Rockstar charts

    Main tech note is focus on out days and charts , avoid anything inside prior days range
     
  5. Overnight

    Overnight

    Never use stops on long positions in a 13-year bull market, and never short a 13-year bull market.

    If you do, you will regret it deeply.

    That's it, that is all there is.
     
    murray t turtle likes this.
  6. maxinger

    maxinger

    Do not treat trading books as if it is a holy bible.

    After you have read the trading books, go cleanse your mind.
    Then develop your own holy grail.
     
  7. [​IMG]
     
    • And measure that plan's implementation.
    • Measure the trades as a set, not single trades.
    • Separate out the plan (risk management, etc) from the tactics (execution).
    • Make changes changes to the tactics or the plan.
    • Measure the change's improvements. Don't guess. Otherwise you risk never getting traction.
     
  8. SunTrader

    SunTrader

    Time, price, pattern, volume
     
  9. deaddog

    deaddog


    • How do you do that?

      What I measure is whether I followed the plan. (Yes or No).
      If my equity curve drops then I can tell whether the problem is the plan or the trader.
      Equity curve
      All part of the plan. the execution should be planned. What do I trade, how much to I trade, when do I exit.
    How often do you suggest you do this?
     
    #10     Sep 12, 2021