Avoiding Implusive Trading

Here is a sequence I observe among many  losing traders Trading Day begins with uncertainty. The trader isn't having any trading plan, Just saw global cues but not  sure which way the market is going, but feels the need to make a trade. Instead of sitting back , making a plan and let the level to come to initiate a trade , the trader is leaning forward, felling impulsive to take a trade.

Posted in: Technical Analysis