Traders` mistakes
Let me stop on these ( let`s not take an intuition into account, because it`s not a fatal mistake). The light-mindedness. A typical script: we are trying to find the levels of entrance in the market, for ourselves. Entering. Then the market is starting to move against us, and we are shutting down even before the losses. The first foolish thing that we are making when we are trying to resist subconsciously, is to stop losses with about 30 -50 points. It`s too much. The ten points and lower - it should be enough ( for such kind of futures as on euro). The second one is: suddenly we are realizing: that all of these levels (our fictitious calculations) - ARE NOT RIGHT. Everything that we have designed is a useless scrap of paper. Which are not confirmed with anything of current market situation, only with smart books. It`s perfect, you can also show your friends impressive pictures, but all of these things are simply imagined.
Isn't it? Were all these levels given to you from exchangers? Yes, there are some examples from the history, and also many profits on the history papers. The moving and the Fibonacci`s network. One of our analytics also have started his way as technical analytic/market trader and then in his books he wrote about necessity of learning economical events, which are happening. I also was impressed by the guys who are working with the data transmitted directly from the exchangers: quotations and the range of the auction. It makes sense. Because of analysing only those levels where was the speculators activity.
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