The moment I decide to enter the market; Enter the exact opposite position of what I had previously concluded based on the indicators I have chosen to keep an eye on. Thats right...do the opposite of my analysis every time.
I'll admit...this is fairly new to me, however I have read a descent amount of information to try to make conclustions as to what the next move will be. I have been wrong the majority of the time even when all the stars align and the next move looks apparent. Thus using the strategy outlined above I think I could use it to my advantage.
I am eagerly awaiting the day when things start coming together and my book smarts transfer into street smarts w/ trading.
I'm giving the demo account a proper beating in the mean time. At what point do you cross that "gamble" feeling and become confident to some degree and leave a tight stop loss on the board just in case you're wrong? Everything about being a newb in the "school tab" is true.
Just a frustrating rant...not really sure what I need to do except practice and take my time with it.