what's your trading view

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Trading View need to be strong while trading in Indian stock market. It’s only trading view of trader based on which they take positions either on buying side or on selling side. It’s traders right trading view or wrong trading view which decides if trader is going to be a profitable  or not.

What exactly is the Trading view?
Trading view is the combination of one’s market outlook, strategies and tools which helps in interpret price movements. Trading view is formed based on the various factors which includes fundamental and technical tools. Trading views are formed for day trading, swing trading, short term holdings, medium term holding and for long term. It is basically trader’s action based on available information and data which helps in generating trading trend.

No matter if trade or investor relies majorly on fundamentals or technicals or on combination of both it’s the view which is formed what matters the most.

Why You’re Trading View Matters?

1. Helps In Taking Trading Decisions:

Trading view is the roadmap which defines market trend based on its conditions.  Without clear trading view traders can’t earn money from stock market trading.  By developing strong trading view traders tend to place trades with the expectations of earning profit.

1. Establishes Consistency:

Clear trading view means clarity of market trend which in turn results in trading profit.  Clear trading view helps traders to earn consistent profit and when trading view or market trend is not clear traders should avoid trades.

1. Helps Manage Risk:

Trading is associated with risk and it’s the clarity of trading view which results in minimizing risk and increasing possibilities of profit.  Trader with cautious view might opt for going with small stoploss for preventing capital loss however when trading view is clear one can opt for bigger stoploss in order to prevent losses due to market fluctuations.

1. Adapting  To Market Conditions:

Just like time trading view also changes with the market conditions. One should have open mind to adapt as per market conditions and to follow market trend and should be able to quickly modify its trading view as per market.

1. Prevents Overtrading:

When market trading view is not clear one should avoid trade or should trade in conservative manner. No one should overtrade in consolidating market or sideways market specially. So our trading strategy and number of traders depends on our trading view.

How to develop your own Trading View:

1. Educate Yourself:

2. Learning should never stop, traders tend to learn new concepts daily and should try to use these concepts logically so as to take advantage from it by earning money from stock trading. Better understanding of technical indicators helps day traders whereas fundamental plays crucial role when it comes to investments.

1. Define your Trading Style:

2. Do you prefer day trading or investments? If investments is it like short term investment, medium term or long term? Are you comfortable with technical analysis or fundamental analyses? If traders have clear view point for trading style then they can have clear market view and strategies.

 

1. Back testing Strategies:  

2. Backtesting of trading strategies is very important as it further helps traders and investors to have more confidence on its strategies and trading style. If one strategy is not working in optimum manner look for another by the time you succeed.

 

1. Stay Disciplined:

2. Once you have solid trading view then next major step is to stay disciplined and stick to your trading plan. No matter how volatile is the market don’t change your trading view with each candle rather set your target and stoploss and if anything gets triggered then come up with your new trading plan.

Overall it’s the trading view of traders which means the most no matter if one is doing day trading, short term investment, swing trading or any form. Clear trading view helps always.

Are you looking for Trading Tips on the GO of Stock Market, Options-Index Options and Stock Options, Commodity. Download SHARETIPSINFO APP NOW