This is Sudarshan's blog - sudarshanonline.com. It discusses the technical analysis of Indian Stock Markets emphasising on online day trading and futures trading strategies.
Sunday, April 8, 2012
Trading is a Simple Process
Profitable trading is a very simple process:
Identify market direction
Identify key price action decision points
Determine where to enter trade(s)
Identify potential profit objective before trade entry
Set initial stop-loss protection to mitigate risk
Manage open trade between entry and reaching profit objective
That's it... those few steps above constitute what professional traders do. Everything else and anything else is unnecessary for success.