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Monday, August 3, 2009

Trend lines, support and resistance to spot trends and 3 confirming indicators and that's it and it works

The right knowledge is easy to acquire but the trick is you MUST understand it, to have confidence and this gives you the trait that most traders lack. DisciplineIf you try and follow someone else you won't have confidence and you won't be able to follow a system with discipline. Unless your knowledge is acquired by you and you have confidence, you won't be able to follow your trading system through losing periods. You will simply throw in the towelDiscipline sounds easy to acquire but it isn't - it's extremely hard to hold your emotions in check.

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