Gertje » Tue May 24, 2016 11:17 am wrote:Hi Angat,Angat » Tue May 24, 2016 9:29 am wrote:It seems I've become a day trader. I have realised trading anything less than that is a lot harder work than it has to be. Some moves take days to complete, others can take weeks even months. A lot of stress is removed when focusing on the daily.
You use the same principles as CJ showed us in the thread?
I'm at page 350 or something and am beginning to see the light..
Yes and no, I've absorbed everything he has taught us but I don't focus solely on his techniques.
He has mastered his own way of trading, everyone needs to master their own approach, in my opinion.
I will say that I was a losing trader till I found this thread then I became a breakeven trader after reading it a couple of times. When it clicked for me properly I became somewhat profitable.
However to be really profitable, the study of charts isn't something you do for a few months as a great rich quick scheme, it's a life long passion.
One very important thing that's often mentioned but never truly understood is you need to master yourself. You need to be disciplined and patient to ride a trade for 2-3 months. You have a target and you wait and wait till price hits that target.
Isn't this boring? Yeah, it's often said trading done right isn't meant to be fun. The fun part comes with making the money.
If you can master this, I can assure you it will make you a better overall trader.
Just my opinion.