Why Does the Stock Market Hate Me?
3
Why Does the Stock
Market Hate Me?
In order to be a profitable trader, you must be able to answer the following questions:
- What is it that losing traders do that winning traders seem to avoid?
- What are the things that successful trader do that losing traders do not?
- Why Does the Stock Market Hate Me?
Now we know that the stock market really does hate anyone. We also know that the stock market does NOT have a vendetta out against you. Yet, so many traders feel that no matter what they do that the result of the trading will always be negative. What these traders are doing is placing the blame and responsibility for their trading results not on their own actions but on outside factors they believe they cannot control. Yet, successful traders realize that it is indeed within out ability to control what types of trades we take. Or, when to take a trader or even how to manage a trade once triggered.
In his book, High Probability Trading, Marcel Link defines High Probability Trading as taking trades with low risk/reward ratio that are backtested to have a positive expectancy with predetermined money management strategies. This is a long way of developing a personalized trading plan that matches your investing goals with your risk tolerance.
A trading plan defines:
- What You Will Trade
- When You Will Trade
- How You Will Manage the Trade
Watch the Video for more:
Investing Instructional Video Course
Learn How to Identify High Probability Trading Setups
High Probability Trading
thinking from a swing trading point of view. I am confused anout how often should i search for stocks and are there certain searches that i should use during certain market conditions. UNlike intraday trading,where as the market would trend in either direction everyday nearly two times a day(morning and afternoon session),The market from a swing trading point of view(daily chart) does not. Do i have to wait for the market as a whole(daily chart) to break in either direction before i could, for example use the high voume breakout search or the 52 week high breakout search, or if the market(daily)is bouncing between two s/r levels do i do the 20/50 bearish cross search at the bottom of the channel a 20/50 bullish cross search. what if the market has no direction, and no clear s/r structure, what kind of search could i use, or could i use any search everday, is it possible for stocks to move in either direction fom one s/r to its target without the help of the market. i was watching a trader online and his stocks were moving completely in the opposite direction of the market(although he was intraday trading), and they wereent gold stocks. What type of scan could i use thats just an everday scan i could use, is it the high volume breakout.