I think I'm getting a little impatient, obviously. I know there are some days and times the market doesn't have good trading conditions, and you have to leave, or be patient and deliberate, but when the conditions/indicators are good how long do you normally have to wait to find a solid trade? Another thing I'm curious on is do you just find one stock to trade or open up multiple charts to find the best trade at the moment? Thanks a lot.
How long do you normally have to wait??
- Thread starter aleandane
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So you trade without a real strategy, this response together with a few others you gave in this forum shows that you are not a trader and I would recommend that you stop what you are doing and go back to educate yourself more and learn how to trade before you dabble in the markets.
If you know how to trade you can trade at anytime of the day or night on any time frame. So my answer would be there is always a trade available to take if you know what you are doing.
I agree with you. As long as you know how to trade you are free to trade when you feel like it.
Your question is difficult to answer because it depends on so many other factors like everyone here as pointed out, but you might want to force yourself to "wait a little longer" after a string of losses and force yourself to "wait a little less" when the going is good and you are raking in profits. Many traders tend to do the opposite, because of "trying to get back what they lost", which increases your risk of ruin.
There is no fix waiting tme for trading .Sme times we got good market condition and open position instantly . Some days are difficult to know about trend and market analysis. Normally I wait for half an hour .
You have to be very disciplined and only trade when you have a signal. When I started to my forex journey it took me a long time before I managed to trade only when signal appears. There are some days when I got no signal. So I agree with previous post that there is no timeframe.
Personally, I use ninja trader and have 8 or more charts open at the same time. (Fully analyzed, with trigger points, and exit points. ready in advanced.) If your " conditions/indicators" dont include a method to enter a trade, maybe you should rethink said tool set.
This is completely impossible to answer how long you supposed to be waited. It depends on lots of things, like the condition of the market, what kind of trader you are, which platform do you normally use etc. I believe it would be better for you to go slowly and not to be greedy.
It depends on the individual and the trading strategy, for example, if you are into scalping, chances are you are going to be stuck in front of the screen waiting to net the few pips.
On charts, it depends, sometimes just one would do but often, use multiple charts at the same time.
On charts, it depends, sometimes just one would do but often, use multiple charts at the same time.
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