Trading Does Not Have To Be Complicated, Keep It Simple
Trading is all about simplicity. The most crucial thing that you need to focus on is to be focused. This is whether you are a short-term trader or a long-term trader.
Continue reading how trading can be done without any complication and by keeping the trading very simple. When you are a day trader you need to look at charts and use the supply and demand strategy. This will let you spot the area where the institutions are buying and selling the stocks. The most important thing is to be focused only on that.
Focus is hard
This sounds very simple but in reality, the focus is the thing that traders lose very fast when they trade. They start to amend the things to enter into the trading process. Before a trader takes a trade he starts to analyze the economic numbers or other news in the market. All this is irrelevant when you are a technical trader. As a technical trader, all that you need to be focused on is to understand where the big players are entering the market.
Spot where the institutions are buying
The technical charts are made by the institutions that are buying and selling stocks continuously and creating levels. You need to master how to spot those levels. Once that is done you do not have to worry about what the news is or what is the broker telling you to buy. All that matters is the price and this is shown on the technical charts.
No other information is needed to trade in the market. Supply and demand is the key to trade in the market and nothing else matters.
You need to master how to spot the major demand and support levels
Once you understand this all that you will have to do is to spot the high probability support and resistance levels. Follow proper risk management and take the trades. It is as simple as that. Trading is not about technical indicators and thousands of charts open on your screen. The more you keep your trading simpler the better will be returned. You will be looking at only the one aspect of the market which is also the most important one and then takes a trade accordingly.
Trading with proper strategy and risk analysis is what is necessary. You thus have to focus on just that since everything about the stock is reflected in the price. Nothing else matters.