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About Mitchell2012

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  1. @CaseynotesI have previously looked at using targets, so looking for the price to move into zones, price has broken through resistance, looking at the price history so what happened when the price previously broke this zone and looking for the high to be my target. Unfortunately psychology gets the better of me and I take a profit too early, then on paper I have been right in my thoughts. My next trade I may take a loss, unfortunately that loss is equal to previous gain meaning at 0 profit.....doh! I don't currently network with other traders, which if there is one thing I have heard over and over again, if you want to be a successful trader you need to network with other traders...so here I am. I am not looking to be perfect, buy at the bottom and sell at the top, but what I do need to do better is make sure I am taking full advantage of the direction the market is moving in.
  2. Afternoon @Caseynotes, thanks for your reply. So I am spread betting the UK stock market generally look at markets within the FTSE 100 and 250. I use the daily time frame candlestick charts. I tend to use trend lines, support and resistance to analyse my charting. If I think I can see an entry on the daily chart I will usually then go down to a smaller time frame to get a better idea of what I think is happening and look for entry if I feel I need to. When you search the web the taking profit side of things is as big as the analysis and entry, I guess that's what separates you from the successful traders and those struggling to find success. I wanted to get an idea maybe of what other traders are doing.
  3. Afternoon, I am new to the forum and looking for some advice on profit taking. What are other traders looking for to say, 'that's where I am taking my profit!'