Trading_Situational_Awareness_Guide.pdf
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SA/environment assessment is much important than setups alone.
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Pre Breakout Trader
Trading_Situational_Awareness_Guide.pdf
Part 2 of situational awareness in short: That was the basic part being discussed. At later stage, once we enter the trades, the trades feedback comes in picture and rest aspects can be given lower weightage. In uptrending and downtrending market the above mentioned parameters could act same for every individual. But in choppy market, parameters could not be the same, like : for someone trading with much wider stop versus a tighter stop - views can differ/ or even if this parameter is assumed to be constant, trades can work for someone and may not work for someone. Now to keep tight stop or wider stop depends on your own past study(based on your setups), you need to have data of your study so that you will have conviction to place the stop in realtime. Random SL mann se rakhnese kabhi conviction nai aayega. Ap jitna marzi acche technical analyst ho, par yadi agar ap har trade me entry ka tarika, SL ka tarika ya RPT har trade me vary karoge apne mann se, toh uska koi outcome nahi ayega aur equity curve bhi choppy hojaega (up down up down) It's absolutely fine that somethings that work for you, that might not work for someone else. Best is avoid noise, kisi aur ne bol diya social media me bull market start hogaya aur ap aggressive hore ho toh wo apko long run me destroy hi kregi. Me khud bhi us phase se hi aaya hu aur shuru shuru me hota he, par apne haaton me he in chizon me badlaav laana, kyuki lambe time tak rehna he. Kisi aur ke bharose tumare trades pf me he toh (bura mat manna ap barbaadi k direction me ho). It's just like ap apna business kisi orke bharose chalare ho. Chal payega lambe samay tak? bilkul nahi.. So in chizo pe ap kaam kro. Baaki me zyada active nahi hoon, bas X pe update daalke off chala jaata hoon. Apne trades priority pe he toh me zyada active nahi hoon aur kindly koi msg mat karna course ya mentorship ke liye. Me apne trades me busy rehta hoon kyuki mujhe khudki trading se zyada pyaar he aur sabko hona chahiye mere according. Aur ab aisa he ki evening me bhi commodity me mei intraday wagera krleta hoon aur raat me coding ka kaam rehta he.
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