There are 3 types of markets and the market moves as under :
1) We understand the market moves and we trade and make money.
2) We think that we understand the market moves but market goes opposite our view...so we make a small stoploss.
3) There are some periods where we have no clue ,we dont understand what the heck the market is doing....in this period dont force our views on the market....step aside and let market do its own things till it becomes clear to you.
Most traders have problems with type 3...they insist that they should understand what the market is doing all the times....this is not possible...even the best traders are clueless in some period of time.
Smart_trade
1) We understand the market moves and we trade and make money.
2) We think that we understand the market moves but market goes opposite our view...so we make a small stoploss.
3) There are some periods where we have no clue ,we dont understand what the heck the market is doing....in this period dont force our views on the market....step aside and let market do its own things till it becomes clear to you.
Most traders have problems with type 3...they insist that they should understand what the market is doing all the times....this is not possible...even the best traders are clueless in some period of time.
Smart_trade