Hello Guys !đ, So Here i am Going To mention Some Key methods that you must implement in your day to day trading life to advance your trading skills , So Have a look at all of them mentioned Below đ
Read Books about technicals of trading , My fav Books are "Bollinger on Bollinger Band" by John Bollinger and "Japanese Candlestick Charting patterns" By Steve Nison. So You Must Read and Master these two Books if you want to Transit yourself from a Beginner Trader to an advanced Trader.
Learn to Monitor Orderbook , Depth of the chart and Volume on the Chart.
Screentime Matters, So practice , practice and practice! whatever you learn & try to do paper trading to test your skills.
Learn Pine Coding (A Programming language to create indicators on tradingview) and try to play with the indicators and backtest your strategies.
Always keep yourself updated about all the happenings inside the financial world đ. NOTE- You may Subscribe for topics on "google alerts" or you can use Twitter or Reddit to keep yourself updated.
Always Keep an Eye on Inflation, recession, Govt Meetings, Fear & Greed index ,Exploits etc Because they Might Cause a Major Impact on the Market.
Learn To Cut Your Losses , by using proper stop loss or Trailing Stop loss Functions and never forget to book Profit. So in Short You must learn the Concepts of risk management because "Market plays With Your Emotions" and you cannot trade while being Emotional đ.
Give Yourself a target and try to give 100% to achieve that target. NOTE- You Must Learn to Compound Your Money đž.
Never Go with the Crowd, and always Believe in your analysis. "Sell the News and Buy the rumour".
