Trader's Technical Analysis
Below are the summaries of a course that I attended in one of the workshop. What are the 5 common mistake done by trader? 1. Buy Cheap A trader need to know what's the current trend for a stock, be it up tread, down trend or side way. A trader will do better if trade in the same direction as intermediate and longer terms trends. Do not simply buy cheap, as tomorrow can become cheaper. One of the example is Flag Formation break up, then it good tendency the stock will go up. 2. Holding onto hope This is another mistake done by trader, even he already plan when to cut loss, but when the stock price move down, he just can not follow the plan and hope one day it will rebound again. No body know when it will rebound and in this case, a trader will lost the opportunity to find another potential stock and lock the capital in one stock. 3. Ignoring about Risk Management If a trader trade without a strategy, then he will not able to control the risk and emotion. When the sell signal appe