I have prepare a checklist of few important question, which must be asked by ourselves before taking a position. Though simple, but they will tend to keep you on the right track, these are:
Before taking a Position Always Ask Yourself Following Questions:
1. Is the Market Trending UP?
2. Is the Market Trending Down?
3. Is the Market Rangebound?
4. Am I buying the Support or Selling Resistance OR Idiotically doing vice versa?
5. Are all indications present to commit to the trade?
6. Am I taking a position in the favor of the prevailing trend on a Pullback?
7. Am I taking a position against the prevailing trend on Consolidation?
7. Am I taking a Counter Trend Position to Capture the Retracement?
[ 本帖最后由 Leonardo1977 于 2006-1-22 19:19 编辑 ] |