Did you have a plan or target price when you opened the position ??
If so, follow the plan, or take profits if/when price reaches your target price.
Yes, trading and chart reading a very different skills for sure.
I can pass on a few tips, but I am definitely a better chart reader than a trader, so I have developed my own style which plays to my strengths (even if it is a little boring at times).
You could watch all the recent video's of the YouTube channel linked below, it is Steve Phillips, who's trading room I attended a few years back for a few months. He teaches both chart reading and trading, but is a little too expensive for my likings - mind you, I am a cheapskate (I try to educate myself for free, whereas Americans in general are prepared to invest in themselves).
https://www.youtube.com/user/SPMarketTrader/videos
He also has a website https://tradingrealmoney.com/ which has a blog and some free stuff (I think) - and you can also sign up for his regular trading & news updates.
You could also have a look at Dr Garys site https://tradingpsychologyedge.com/ I haven't looked at his site recently, but there used to be some free resources there as well.
Both these two I can recommend as decent people and traders.
cheers
- Forums
- General
- Wyckoff trading method
Did you have a plan or target price when you opened the position...
- There are more pages in this discussion • 224 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online