3.Patience Analysis
Is the first time i hear about it, what are the results you got from this patience analysis?
I also have a few more questions:
- how long have you been trading?
- what was your profit since you started in the world of trade?
- what were your losses since you started in the world of trade?
here is the details
Patience Analysis is depend on the Risk Management. You should always break your investment into three parts even you have 100 dollars
Patience Analysis 100 percent divide into 3 parts which
50% for long term (50$)
25% for mid term (25$)
25% for day trading(25)
According to your post you may have excellent grip, I will not write first two(TA and FA).
here what we need to do Patience analysis which is two types.
1: Often traders do not write thesis or write the story of previous trade. when you are in the loss after taking the trade, you should write your pain, emotions, and public reviews and those people you follow who say pump pump and dump dump strange.
2. When you are profit due to excitement you closed the position take profit, and asset goes up up. also write disappointment you feel after closing the position.
then when you do TA and FA to take the clue about asset it will rise or dump
then You should go with points 1 and 2. write history of both points and analysis this time you will do it.
one word for you trade smart. when you take profit healthy profit then you close every thing go to vocations
happy trading.
If you feel it is interesting. then ask further critical question