24 / 04 / 30
While I was writing and recording the videos for the free technical analysis course, I started to think if I should be focussing on technical analysis or other things like trade management, trading psychology which were more beneficial for me personally.
When I was a beginner, I started with technical analysis and that’s the only reason I started to make content on technical analysis first. I will continue to make the free content on technical analysis but I wanted to share an important lesson.
Lesson: Technical Analysis alone won’t make you profitable.
Technical analysis is just one part of the game. There are several other important skills that are far more important in this game of stock trading/investing. Some of the far more important things are
Math behind being profitable: small losers and big winners.
Not chasing accuracy: if you are chasing accuracy, you haven’t understood point 1.
Knowing yourself: This will help you understand who you are a person, which in turn will help you decide your trading system.
Staying disciplined and consistent with trading systems: Constantly switching trading styles or systems will not let law of large numbers work in your favour.
Controlling your emotions: This is by far the biggest challenge. This is still a challenge for me. There are many times where you want to interfere with the system rules.
Just wanted to share this information so that if you are just starting your journey in trading/investing, this lesson will help.