What i Understood about Market Psychology
i treat market as GOD or Universe & in any market there are only 2 Types of Traders.
Let me Define Trader1 - Devotee of god (Trading with harmony universe)
Let me Define Trader2 - Non Devotee of God (Trading against universe)
to make u understand in terms of technical analysis we learn each & every indicator we study is divided into Trend following & counter trend.
TRADER1= Trend Trader
TRADER2= Counter Trader
Role of Trader1 - Chant name of God & start doing work with.out expecting Results which means whatever given by god is accepted.This only runs on the basis of Blind faith & faith is very important.
What does God do if you Chant his name?
The First thing he will try to trouble you at the earliest without waste of a minute.
means
Whenever we enter new trade there is probability of going wrong without waste of minute.
Why Trouble You?
Answer is god really loves his Chanted name specially chanted you.
means
Market makers love to Eat your stoploss if you pay them u get return with interest if u think they are cheating it is the first person you are get cheated.
Why I Chant his name when i being troubled?
answer is simple because we want money from market.
he wants his name to be chanted only by troubling people.
if we are able to chant his name for 20 days we are only troubled for 15 days & other 5 days is holiday period for god.
That 5 days is result of our chanting.
Chanting God name means just trading.
Trader2 is more advance he should be right in most cases because he should fight with universe.