How to reach out for new peaks in profitability?

<p id="isPasted">To reach new peaks in profitability, it is essential to follow a systematic approach. Begin by setting clear and realistic goals that outline the desired level of profitability. Then, conduct a thorough analysis of your trading history, carefully examining both successful and unsuccessful trades to identify patterns and areas for improvement. Learning from past mistakes and successes will provide valuable insights and help refine your strategies.</p><p>Focus on enhancing your trading strategies by incorporating a diverse range of techniques such as technical analysis, fundamental analysis, or a combination thereof. Test new ideas in controlled environments, such as demo accounts, before implementing them with real funds. Continuously assess and adjust your strategies based on market conditions and feedback from your analysis.</p><p>An integral part of achieving profitability is implementing effective risk management practices. Develop a comprehensive risk management plan that includes proper position sizing, setting stop-loss orders, and maintaining favorable risk-reward ratios. By managing your risks effectively, you can protect your capital and minimize potential losses during unfavorable market conditions.</p><p>Stay well-informed about the markets you trade by actively monitoring relevant news, economic indicators, and financial events. This knowledge will help you understand market trends, sentiment, and potential catalysts that may impact price movements. Utilize reliable sources of information and consider leveraging analytical tools to aid in decision-making.</p>

<p id="isPasted">There are a lot of people who enter here with a motive to earn quick money.</p><p>Some read some 2 or 3 books on basics and presume themselves to be masters.</p><p>Then some half-cooked eggs carry half the knowledge.</p><p>Social media has a plethora of information and a plethora of masters on this subject. Only 1 % of this information on social media works out to be useful.</p><p>So first step is to identify people having real profound knowledge and experience. Filter out all noise.</p><p>Start with the basics of Candlestick charting. Get to know the person who introduced it. He is Steve Nison, so read his books coz no one else can give u better knowledge than him.</p><p>Next are indicators …. for example RSI, and Parabolic SAR. Find out who invented these and study the books written by him. Same with other indicators.</p><p>Studying indicators doesn’t just follow them blindly. Get to know the ingredients of the formula how it is devised and how it works under given conditions.</p><p>Further, there are a myriad of numerous indicators that have been developed in the past 20 years. You need to filter the best of these.</p><p>The most paramount key is price action and volumes.</p><p>Find out the real-life successful people and read their books 2 to 3 times and your analysis will start shaping up. This will bring about a paradigm shift.</p><p>Some successful people have been William O Neil, Mark Minervini, Nicholas Darwas, Mark Douglas, Stan Weinstein, Schabacker etc etc.</p><p>There are some most powerful techniques these people have bestowed on us.</p><p>Sacrifice at least 1 to 2 hours seriously for your religious studies religiously.</p><p>Get a charting software, and get 10 historical data.</p><p>Start doing analysis.</p><p>Take down notes whenever u come across some important points.</p><p>Focus on ur journey with, and be associated with the real intelligent people in this field.</p><p>Markets have not changed and the people who make up these markets have not changed one iota either.</p><p>It is unquestionably true that no man has ever, over any period, made and kept stock market profits unless he has developed the qualities of independent judgment and action</p><p>Success follows persistent efforts and money will follow knowledge.</p><p>Knowledge is supreme, everything else will come automatically with knowledge.</p><p>Just a hint from my side………… Keep things as simple as you can…. Price Action, Pivotal Pocket Volumes with a blend of 3 Moving Averages, Relative Rankings and Relative Strength (not to be confused with RSI), Alpha, and Standard Deviation can lead you to some outstanding exploding breakouts.</p>