Gyanee Trading Lesson#2

Look Midterm Pattern To Capture Big Moves

        

There is a big difference between positional trading and holding for midterm. When you start;train yourself for positional trading than you have to select stock as per your working. People often make mistake by applying positional strategy in such a stock which will give result after a midterm holding & after taking position they let it go after some time and book loss.

         There are terms

• Consolidation
• Retracement
• PullBack
• Retest
• & Some of the Specific Pattern

          Trader often make mistake by squaring off their trade in above said incidents. Selling occurs after some definite parameters , volume is one of the key to understand situation.

          Traders forget to match up the strategy and stock selection criteria. These both should be checked while taking any position. In a simple word trading short term chart patterns with a midterm approach. Trading strategy and stock selection should be in sync to perform better in any kind of trading whether it is positional trading or midterm holding.

 

Price Action is important but its relation with respect to time of holding is more important.