We retailers spend a lot of time in searching for that "holy grail" in trading. The majority of the time our search is centered around different strategies. However, in my opinion, "Strategy is overvalued whereas risk management is undervalued".
A chart can be analyzed in different ways by different traders. A trader using patterns will analyze the same chart with a different perspective as opposed to a trader using pure support-resistance levels or a trader using indicators such as moving averages.
The aim of this post is just to make you understand that you shouldn't run after different systems. Rather, focus on managing the risk.
Exhibit 1: The Cup and Handle system
Exhibit 2: The Support-Resistance system
Exhibit 3: The Triangle pattern system
Exhibit 3: The Moving averages system
Thanks for reading. I hope you found this helpful! 😊
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
this post is totally different from others and today I learned that any stratgey can give you tons of money but but should focus on only one and manage the risk( that is imortant). posts are imporving day by day. thank you so much
johntradingwick
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@mahhisingh, Thanks for the kind words, just trying my best. :)
madhumonikalita
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great post for wannabe traders. thank s to the writer from the bottom of my heart.
ur every post give us new spectrum. but why do tradingview remove features of dots of idea on charts. if changes in setting then please explain new setting. thank u
johntradingwick
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@Thanarampatel, Thank you. And the "dots" feature has been removed. :(