The worst thing for a trader is to be ill discipline. A trader must have a plan and the intention to follow the plan. When the cut lost price is hit do not even hesitate to cut lost. What if the price hit the cut lost price and bound all the way up is always the question people think about...but what if the price hit and continue to go down. You cant trade base on hope or luck, THIS IS NOT GAMBLING!!!!!YOU HAVE TO PUT ALL THE ODDS TO YOUR SIDE BEFORE YOU DECIDE ON A TRADE!!
There is nothing as give the stock some chance to move, bcos stock never give you chance. And who are you to give them chance?? DO YOU HAVE AT LEAST 1 MILLION BUCK ready to go into that particular counter???ARE YOU IN CONTROL OF THE MOVEMENT??If not pls play by the rule.
Just imagine you are a casino, you have all the odds on your side. As long as the market is there you win. But if you are the person going into casino, then is a different ball game altogether, you are bound to lose.
