You know all about Candlestick and Chart Patterns, you know how to Draw Trend lines and Trending Channels. You know all about ADX, ATR, Bollinger Band, RSI, MACD, Moving Averages and other Indicators and oscillators but still making the loss.
You have tried all famous trading setups namely, Golden crossover, Bollinger band squeeze, Inside Bar, Supply & Demand Zones, Higher high & Lower low patterns etc but nothing is working for you.
You studied about EPS, ROE, ROCE, Debt/Equity Ratio, Promoters, Business Module, Profit growth, Cash flow but still failed to choose a good stock for investment.
This is the same story with most of the traders. They learned technicals and fundamentals but still losing money in trading, then what is the thing that Successful trader know and you don’t know. Anything special indicators or something hidden secret?
Guys, believe me, there is no hidden secret or tools that Successful traders are using, they are using same indicators and tools. There is no one better than Bollinger band in the sideway market and Moving Avg. crossover is the best one for trending market. Other indicators and chart patterns also have their importance.
First of all, Let me tell, do you know about the hammer, screw driver, pliers, punches and handsaw and how to use them? Most probably, your answer will YES. In fact, this all tools are available in our home and we frequently use them.
Now, my second question for you, Can you make a chair, table, bed, door, window by using this tools? Most probably, your answer will NO. But a carpenter can make chair, bed, table etc by using same tools.
Then what is the difference between you and a carpenter? The difference is the SKILL. Carpenter has the skill to make the chair, table etc from these same tools but you don’t have.
Similarly, a successful trade has a skill. He developed the skill of trading. He is using same basic indicators and technicals for his trading. There is no other secret in it. There are same rules of indicators for the successful trader and a normal trader but the difference of skill.
Skill development takes time and you have to develop it. There is no shortcut. you have to learn and develop it gradually.