Hi everyone I have a quick question I have been trading for a bit on paper and some real etc but not really been able to consistently pull a profit a mixed bag of results. Now this may sound stupid but I normally just trade off what I see I do use patterns but like to get in trades (I know I need to learn patience). So when I say trade off what I see I normally come to trading desk at opening and see whats moving and take small trades off it with no real plan for between 3+% with mixed results. I use price action and indicators to see where the weakness or strength is and just go off what I think which I know is not the best method.
So I'm wanting to know is it best to WAIT FOR A SETUP to appear off a pattern before I ever take a trade?
Also is this how the experienced traders trade?
I know these questions sound basic after my 8 months of learning but I'm not in any chat groups and not had chance to ask any traders them 2 questions.
Thanks guys!
So I'm wanting to know is it best to WAIT FOR A SETUP to appear off a pattern before I ever take a trade?
Also is this how the experienced traders trade?
I know these questions sound basic after my 8 months of learning but I'm not in any chat groups and not had chance to ask any traders them 2 questions.
Thanks guys!
Newbie Trader Confused About Setups
