November 14, 2014
Trading is from the knowingly; what you can see on the chart to the unknowingly. From the trendline; connecting two or more valleys or mountains, or support and resistance; drawing a horizontal line connecting at least one point to predict the future. So, how can you overcome fear?
You don’t trade when you are not sure.
Only there are many supporting information give you the reason to go long or short then you trade. With this rule, you have no fear. You know where you are heading. In that last analysis, using MACD scanner, why many think the price is falling for the COSMOSTEEL HOLDINGS LIMITED, B9S had a 19726K volume trade on the November 6, 2014. Look at the chart, the price action is ranging. See chart you will know what I mean. Trust you have the experience; when other jump you jump too. You worry you are going the lost out. No, no. You are going to lost more if you are just follow. In fact you are helping those that want to exit. Some exit because, he realizes that it is a mistake. Others could be taking profit. One sell, there must be one buy. Right?
Do not put more than 5% of your capital when you are not share.
Of course you will have fear, if you will put 20% of your capital to bet on either price to go down, or to go up when you are not sure. You will not sleep and eat well for sometime until the market goes in the direction you bet on. No fear, if you will stand aside and watch.
Many experience traders will tell you to wait, wait for the market to show hand; confirmation. When dark cloud and lightning is not rain yet, wait till the rain drops falling and falling for a while.
COSMOSTEEL HOLDINGS LIMITED, B9S November 13, 2014 Daily
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Moses
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