Just
what does the relationship between trends, margin and patience? Well, frankly I
just suddenly remembered my mentor message, that three things are the basics of
the main that must be understood and mastered to become a good trader.
Trend
Trend
is the first important thing that must be understood by a trader. By
understanding the trend, we could take the position that "just
right". Is not a question that is always present in the mind of a trader is:
"buy or sell?" The question can of course be missed if we know the
trend is going. So by understanding the trends, the fundamental problem in the
trade is solved.
Now
the problem is: how the heck determines the trend going? Um, about how to
determine if the trend is going, then we discuss indicator .. Ok, there are
some simple indicators that we can use to identify trends, such as moving
average (with a wide range of variants) and parabolic SAR.
You
may choose among a wide range of variants and period moving average to suit
your needs. Alternatively, you can use the indicator that is simpler and easier
to read as parabolic SAR. Uh, or you can also try the method ala master average
market trader campus ... Just choose ... which one is most suitable for you.
Anyway,
one thing is sure, just follow the trend, 'cause ... the trend is your friend.
Do not attempt to defy the trend, if you do not want your floating position is
not clear in time do not necessarily. Believe me, because I have experienced,
because of quasi convinced by the analysis (my own style), the result is
contrary to the trend is going, and ended with the "success" makes
account alias MC. So, please, just follow the trend is going. Not okay to say
chimed market as well, which is important right profit.
Margin
The
second question in the mind of a trader (after knowing the position to be
taken) is: "how many lots?" Well, to answer this question, you must
understand the principles are second, with margins. Margin management
capabilities is essential to master trader. No matter how good analytical
skills that will not be useful if it is not accompanied by the ability to
manage margins. So, if you want your account "longevity", remember to
be disciplined to manage your margins.
Patience
This
last principle is related to psychological aspects. A good trader is a trader
who wait. Well, frankly, I (was) not a patient person, including when trading.
So, I (was) used to play hit and play Sabet when enter the market. Well,
finally the problem of patience this is the first emphasized by my mentor. I
was once trading just impulsively plus untidy. By him to be a swinger then
directed traders who comply with the trading plan. Is it Difficult, right? Wew,
do not ask, playing a hit because hands itching to OP frequent occurrence also!
but with time, patience finally started also appears anyway.
Anyway,
three principles: trends, margins, and patience you should indeed consider
seriously if you want to be a good trader.
