Trader maker

There are three different phases of any successful day trader’s life. Every successful day traders have followed the same path and became successful. All these three phases are followed by an idle phase. let me explain it ...... Phase-1: Phase one is the most excitement phase. In this phase a trader starts his trading journey with no or limited knowledge. Takes trade blindly or someone's recommendation. makes a few profits and a Hugh loss in the market. Remember that maximum number of traders enters into the market during a bull run. This time almost every alternative day market creates a new high.  During this phase he believes on market gurus, friends, recommendation providers, news anchors etc. This time the trader thinks he will be able to make hell lot of money and he is the smartest person on the market. But his believes turned into a nightmare when the market starts consolidating and gives a little pull back. Noe the nightmare becomes darker day by day and he thinks that he ...

 Have you ever seen the video of a sea where a whale is chasing a bunch of small fishes and the fishes are organised in such a way that it looks like a giant fish?  Have you ever seen thousands of insects are flying and forming a big cloud like structure and attacks on the farmer's crop? Have you ever seen many small birds are flying all together and moving like a giant in the sky? I guess you have seen those in the nature if not in National geography of course. The beauty of togetherness and moving  always gives strength. Similarly in stock markets the bulls and bears when accumulate at a certain price they have the power to move the market in their own direction. That always happens. With the above analogy what I tried to explain is, we are all human and reacting to wards the price in any asset class, always go with our nature and psychology. We repeat ourselves every-times and our reactions are always same. Historically if you try to follow the chart patterns it always...