Consecutive losses The subjective trader easily becomes irritated by a series of losses in a particular market, believing that the market owes him something. This is a very bad state of mind. Forcing yourself to recover losses from the same market is a very dangerous operation. I walk this cycle at least once a year. I have to keep reminding myself that there are opportunities in other markets and other times
Head and shoulder apex form (1) Remember that head-and-shoulder shapes are often reversed, and for head-and-shoulder shapes to be effective, there must be a trend that can be reversed. (2) The left shoulder and the right shoulder must overlap each other, and the more overlap the better. If there is no overlap between the left and right shoulders, there is no head - shoulder shape. (3) To make the head and shoulder shape effective, the left and right shoulders should be more symmetrical in terms of duration and operation amplitude. One final point: I'm a big fan of a horizontal neck line or one that's tilted toward the break. I don't like the head-shoulder midneck tilt and the head-shoulder midneck tilt.
Trading opportunities Good form trading doesn't happen every day. It takes weeks or months to form. Develop patience and wait for the market to announce itself as a target market rather than fantasizing that it is your target market. As a trader, I strive for perfection, but not perfection. Although pattern traders are usually eager to enter the trade, only the market can clearly indicate the appropriate entry time.
Trading plan I just wanted to be a trader, and then I knew I wanted to be a shape trader. Trading is what I've done in my trading life, part of the "what" part; Become a pattern trader in the "how" part of the "how" trade. When I got into commodities, my goal was to make money trading. The truth is, I didn't know what it meant.