Planning for trading success

摘要

There's no guaranteed path to profitable trading, but the odds are in your favor with an honest assessment of the markets, methods and time frames you use to trade. Here's a straight-forward way to approach this using basic technical analysis and retracement tools to trade short-term moves in the markets. It's a common experience for those who hang around the markets physically. Hundreds of people tell you about the person they knew who lost a lot of money trying to trade. Doesn't it ever go the other way? Experienced market hands can try to educate, mentor and train, but somehow the body count keeps mounting. An old axiom is that everyone's equal in the pits. In practice, it's easy to wonder if this is an equal opportunity to fail; we see factory supervisors, mechanics and computer technicians all lose money trying to trade. Why is this frustration such a common denominator?