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Zoom in on Personal Trading Behavior And Profit from It (By Linda Bradford Raschke)

I usually follow a trading program I like to trade in the afternoon I tend to stay with a shorter timeframe Both experienced and aspiring traders spend a great deal of time trying to recognize patterns in the markets – charts and indicators on multiple time frames, seasonal tendencies around specific times of the month or year, sentiment and flow of funds data. Clearly, there are many different ways to skin a cat. By analyzing patterns, a trader is looking for a compelling reason to initiate a trade or to exit an existing one. Markets are monitored for subtle shifts in the basic supply-and-demand equation, and once an “initial condition” is detected that indicates a spot where there is a probable edge, the game simply becomes a matter of setting up an entry trigger, defining initial risk and then learning how to manage a trade properly in response to the market’s actions. The trader manages the trade by watching for confirmation or non-confirmation.
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