I think this question can warrants a book to be published, haha. Often, when I analyse a chart, I find myself at cross road - to buy or to sell ?
And the reasons for being hesitant is because I have allowed too much information to crowd my brain. That affects my analysis and judgement. Too many cooks spoil the broth, have you heard that before ?
Remember, when we contribute our losses or indecision to act and thus missing the opportunity resulting in a profit that we could have made, then in some way , we are also outsourcing our responsibility away.
Yes, trading is your responsibility! Period. Whether you want to read the news daily, scout the social media to filter the hidden news, etc , it is really up to you. You say you read the news for entertainment but somehow, it managed to seep into your subconscious mind and influence your decision making later. Who is to be blame ? You or the article ?
Put a ring fence to what comes into your mind - guard it closely! Refuse the garbage and negativity as much as possible and whenever you have time, do not idle - quickly fill your mind with good things, news, events, anything that propel you closer to your financial goals.
For example, when you wake up , what is the first thing you do ? Check your mobile phone for messages ? Read the newspaper ? Or check for updates on FB ?
When you sleep at night, did you spend some time to thank God for all the good things that had happened to you for the day , no matter how small it is ?
When you are able to show gratitude towards others and appreciate the little things that people do for you, then you will reciprocate in kind, wanting to pay it forward for the kindness you have received. That is a good thing , a virtue worth having and passing it on.
Please indicate the support area, the possible direction if long or short and at which price point in the chart. Put them in the comments section. It is time to get your hands dirty traders !
And the reasons for being hesitant is because I have allowed too much information to crowd my brain. That affects my analysis and judgement. Too many cooks spoil the broth, have you heard that before ?
Remember, when we contribute our losses or indecision to act and thus missing the opportunity resulting in a profit that we could have made, then in some way , we are also outsourcing our responsibility away.
Yes, trading is your responsibility! Period. Whether you want to read the news daily, scout the social media to filter the hidden news, etc , it is really up to you. You say you read the news for entertainment but somehow, it managed to seep into your subconscious mind and influence your decision making later. Who is to be blame ? You or the article ?
Put a ring fence to what comes into your mind - guard it closely! Refuse the garbage and negativity as much as possible and whenever you have time, do not idle - quickly fill your mind with good things, news, events, anything that propel you closer to your financial goals.
For example, when you wake up , what is the first thing you do ? Check your mobile phone for messages ? Read the newspaper ? Or check for updates on FB ?
When you sleep at night, did you spend some time to thank God for all the good things that had happened to you for the day , no matter how small it is ?
When you are able to show gratitude towards others and appreciate the little things that people do for you, then you will reciprocate in kind, wanting to pay it forward for the kindness you have received. That is a good thing , a virtue worth having and passing it on.
Please indicate the support area, the possible direction if long or short and at which price point in the chart. Put them in the comments section. It is time to get your hands dirty traders !
Comment:
if you draw a diagonal trend line, you would see the price action has broken down from the bullish trend. The support at 8721 can be used as a way to sell as well once if fails to hold