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Random article: Discipline in trading. Trading examples

It only takes one bad decision to cost you the hard earned efforts. In trading there are no shortcuts. I believe the best way to trade is to take a long term position that will give you the maximum return with the least risk. It’s really that simple. The way to take this journey is being a good navigator. Chart your journey navigated your course, be certain on critical areas like support and resistance. Simplify and simplify again. Get rid of all unnecessary distractions. Only use the most important indicators and get rid of everything else. Then you can drive to your destination and sail the Charts like a navigator or sailor who casually knows the sea and that his course is set, he has peace and is not worried at all. Even if it comes back he know that, so he has that planned too.

What are the stories of the people who defined path of stock trading? Jesse Livermore, Larry Williams, Bill Williams forex, William Gann elaborated plenty of ideas for market which are still vital for our modern stock online trading. Gann, one of the most enigmatic and legendary traders in the world. He was born on June 6 of 1878 and died on June 18, 1955. His personality was surrounded by rumors including the opinion that he was a mason and a very rich person and an absolutely opposite opinion that the last years of his life he lived upon the income obtained from tutoring his apprentices and died in poverty; there are no reliable facts proving one or another opinion. At the same time, there are irrefutable facts proving his public transactions brought him good returns in the lifetime of Mr. Gann. This outstanding trader elaborated several instruments of technical analysis well-known to everyone as Gann angles, square 4, circle 360. His theory relies upon geometry and astrology. Gann was able to predict price and date of reversal within the accuracy one 1 day. Ralph Nelson Elliott, a famous American financier, the author of Elliot waves theory. He was born on July 28 of 1871 year and died in January of 1948. From 1929 year, at the age of 58 he withdrew from business because of illness and, in order to find an occupation within the breaks of attacks of illness, he devotes himself to studying stock markets. By May 1934 results of Mr. Elliot's observations had started to form an overall picture and on August 31 of 1938 year his first book “ The Wave Principle” was published.

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