The market needs two basic plans:
• Entry instructions :
Determine entry points accurately after studying technical and fundamental analysis, as random entry exposes capital to risk.
• Exit Instructions :
An exit plan is the key to success. You must know when to secure your profits and when to cut losses to avoid disasters
The market reveals emotions at peaks and bottoms:
• At the bottom :
You will hear many skeptics talking about further decline, and negative news will spread that sows fear in the market. But the bottom is often a golden opportunity for those with patience and vision.
• At the top :
A wave of optimism prevails, and everyone encourages further rises and price explosions. But greed here may lead to ill-considered decisions and unexpected repercussions.
“Control your emotions, because the market often reflects public sentiment. Success requires a plan, patience, and balance.”
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