✔ Subscribers of The Chartist share lessons they have learned from share trading. Key lessons include: following the wave count and market direction is essential; being patient and waiting for consistent trends; using stop losses to limit losses and feel more confident about trades; and learning to trade psychologically by focusing on total profits rather than individual wins or losses. Overall, subscribers say The Chartist has taught them valuable strategies like trading with the trend and when to remain out of the market.
1. HTTP://WWW.THECHARTIST.COM.AU
9 LESSONS THE CHARTIST SUBSCRIBERS HAVE LEARNT FROM SHARE
TRADING
Many new traders delve into the right trading knowledge to be properly eqquipped.
But investing into the stock market is not merely about knowledge rather attitude as
well. As ideal market trends don't come around everyday, traders must know how to
be confident with their strategies and take control of their share trading approaches.
Subscribers of The Chartist are becoming more critical about their trading decisions
and methodical approaches when utilising share trading strategies and ideas
employed by Nick Radge of The Chartist. Here's nine of them candidly shared:
✔ I've been subscribing for over a year so it's a little hard to narrow it down to one
solitary lesson, but since I have to choose one it would have to do with trading
psychology. It's not about how often you "win", but about how much you win
when you win, and how much you lose when you lose. This fosters the "The next
1000 trades!" mentality. - Brett A.
✔ Looking at the big picture , following the wave count is ESSENTIAL. Thank you. -
Dominic S.
✔ Be patient. It will come. - Bill L.
✔ ...is to be sure of the market direction before you enter into a trade, and to
make sure you use stops ! Before I subscribed to the Chartist I never used
stops, believing that since I was watching the market every day I could get out
when I thought it was getting to low myself. The recent volatility in the market
and the huge swings either way has meant that large jumps have taken place
and I have missed selling out stocks before they fell a fair way, which would
could easily have been prevented had I had protective stops in place. Since
subscribing to "The Chartist" and following the protective stop
recommendations I feel so much more confident knowing that if a market fall
does occur, I will not be stuck holding stock worth only a portion of what I paid
for them. - Sharon N.
2. ✔ Well, I stopped watching 2 years ago to the Business Chanel and therefore
stopped getting confused with different opinions from various “Gurus” what I
should buy and what I shouldn’t. Since then I trade without any emotions and
follow Nick’s daily video analysis. And the most important lesson I have
learnt??? BE PATIENT. - Marco S.
✔ Nick has told me when to stay out of the market and wait until a consistent up
or down trend emerges. I am happy to pay my subscription to stay out, as I have
made ? (saved) many thousands of dollars by following his advice. I learnt this
from one of his comments in a webinar, for which I am eternally grateful. - Paul
T.
✔ ...is to step off the emotional roller coaster. Being crushed by a series of losing
trades or elated by a great winning trade means that we were too involved.
Profit is what we like to see but draw-down is a part of trading. - Scotty L.
✔ It’s about controlling the losses and being detached from them so you can
survive until the good time roll around. Think the next 1000 trades. - Paulette L.
✔ The most successful trade decision I ever made was joining The Chartist. It has
taught me to trade with the Trend, in the same direction as the market, and
make money all at the same time. Thank you Nick Radge. Highly
recommended. - Ron P.