DislikedI am a new trader, What I do is that I follow the trend but actually I lose money every day, because of this crazy trend.
Kindly advise what have I do to be a good trader like any of you?
I had always to be in the market to get the next move... Lost tons of money with this idea... When the market went against my position I hold my losses waiting for the market to turn on my side... Just trade now using support and resistance and trendlines. Much less trades and much higher odds on our side... Also stop losses when you use support and resistances are much tighter, your loss will be much lesser if the market goes against you. Most important rule, you DON'T have to be in the market always! Wait for a proper setup and trade it. Out of the market is also a trading technique. Good luck to you.