To prevent losses, keep an eye on the market
To avoid losses, you must monitor the market
What it means to monitor the market is
to consider multiple binary choices like a trend market or a range market
many times
From here
move forward or retreat
and so on, through various trial and error
and then mix in the probabilistic thinking
with the technical aspect, which is the essence
that is technical analysis
As usual in the technical analysis lectures,
we only explain the technical aspects, but
if you do not add probabilistic thinking to your trading,
it will become like wasted effort or a fruitless reward
Monitoring the market
is merely a supplementary route to explore
Not a technical devotee, but
a believer in discretion
be both fractal and Dow Theory and fundamental in your approach to the market
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