My personal view on Professional TA ( Technical Analysis) trader;
1) A trading system
He/she must have a trading system to help them on the trading stock decision , The system must included of trading method, mindset & fund management.
1a)Trading Method ;
Trading method is to let them to know ;
How to find pattern in chart and discover good profit, How to recognize them before everyody else and e ready for the big moves, How to determine your best entry location and confirm the pattern are genuine,How to trade them with minimun risk and maximun profit.
A professional TA will base on the above mentioned to execute the trading decision.
2)Fund management
A Professional TA , must know how to set for their profit taking point & cut loss point , they must also know ,how to get the higher return from the market.
3)Mindset
A Professional TA must have the discipline to execute the decision base on the trading method, if hit to the cut loss point, they have to execute for the cut loss, in order to protect thier capital from the bigger loss . they also need to know how to take the profit from the market, in order to give them to have the better profit.
A Professional TA will not listen to what the rumours say, they will base on the what the market say & follow the market trend.
2 comments:
Dear sagil71,
I agree what r u say,we need educated ourselves b4 enter the market. hopefully from yr tps, we can learn hw to make profit n cut loss.
Smartyoung,
Without stocket market knowledge, is like a untrained civillian going to battle to fight with the enemy, we have to protect ourself , our capital and our profit.
As a professional TA must have enough knowledge to help themselve to follow the market trend , to gain the highest profit with limited risk.
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