Wanting to trade purely on personal analysis, can anyone show me what to do?

<p id="isPasted">To trade based purely on personal analysis, you'll need to develop a strong understanding of technical analysis, learn to identify trading opportunities, and implement a solid risk management plan. This involves studying price charts, identifying trends and patterns, and making informed decisions about when to enter and exit trades. It's crucial to practice with a simulator before risking real capital and to constantly refine your strategy based on your results.&nbsp;</p><p>The steps involved:</p><p>1. Develop a Trading Plan:</p><p>Define your goals:</p><p>What are you hoping to achieve with trading (e.g., income, capital appreciation)?&nbsp;</p><p>Determine your risk tolerance:</p><p>How much risk are you comfortable taking on each trade?&nbsp;</p><p>Choose a trading style:</p><p>Will you be a day trader, swing trader, or position trader? Investopedia explains these styles.&nbsp;</p><p>Outline your strategy:</p><p>Specify your entry and exit criteria, position sizing, and risk management techniques.&nbsp;</p><p>2. Master Technical Analysis:</p><p>Learn candlestick patterns:</p><p>Understand how candlestick charts reveal market sentiment and potential price movements.&nbsp;</p><p>Identify trends and patterns:</p><p>Recognize uptrends, downtrends, and various chart patterns that signal potential trading opportunities.&nbsp;</p><p>Use indicators:</p><p>Employ technical indicators like Moving Averages, MACD, RSI, etc., to confirm your analysis and identify potential entry and exit points.&nbsp;</p><p>Practice with a simulator:</p><p>Use a real-time trading simulator to test your strategies and get comfortable with the trading platform without risking real money.&nbsp;</p><p>3. Implement Risk Management:</p><p>Set stop-loss orders: Always use stop-loss orders to limit potential losses on each trade.&nbsp;</p><p>Practice proper position sizing: Don't risk more than a small percentage of your capital on any single trade.&nbsp;</p><p>Diversify your trades: Don't put all your eggs in one basket. Diversify your trades across different assets and sectors.&nbsp;</p><p>Be aware of the 7% rule: Consider selling a stock if it falls 7-8% below your purchase price.&nbsp;</p><p>4. Continuously Improve:</p><p>Track your trades: Keep a detailed record of your trades, including your analysis, entry and exit points, and results.&nbsp;</p><p>Analyze your performance: Identify what works and what doesn't. Continuously refine your strategy based on your results.&nbsp;</p><p>Stay updated: Keep learning about new trading techniques and market developments.&nbsp;</p><p>Manage emotions: Avoid emotional trading decisions based on fear or greed.&nbsp;</p><p>5. Start Small and Scale Up:</p><p>Begin with a small amount of capital: Start with a small amount of capital that you are comfortable losing.</p><p>Gradually increase your risk as you gain experience: Once you are consistently profitable, you can gradually increase your position sizes and risk.&nbsp;</p><p>By following these steps, you can develop a solid foundation for trading based on your personal analysis and improve your chances of success in the market. Remember that trading involves risk, and it's crucial to be disciplined, patient, and willing to learn from your mistakes.&nbsp;</p>

<p id="isPasted">When the people don't respect the price changes they get into trouble. People who “value” stocks, currencies get really into their opinion, and it's just that, an opinion. Price charts have facts in them. I'll pick price chart over someone's opinions (or even my own) almost any day of the week.</p><p>Instead of people treating their valuations as clay to have room to mold, they pour cement in their valuations. I've seen people do great, and then start valuing stocks and not admit that they even could be wrong, and get into a heap of trouble.</p><p>If a price chart goes against you it is clear, tangible, and measurable with facts.</p>