If you have been following my trade ideas here, you should already be in profit.
In this video I go over some waves and talk about the psychology behind understanding the waves.
The proof is always in the pudding and it's how you reconcile these moves in your mind that helps you feel at ease about a trade and see it through to the end.
As long as you know why you took the trade and can identify every single wave with confidence and conviction then you shouldn't have any problems.
One of the reasons I created AriasWave was to understand the past and the future simply by understanding how waves operate.
The beautiful thing is the I found the exact pattern that repeats and all of the variances of each wave component.
That is why I also decided to label the waves in nice bright colors so that they are a joy to identify and label in a way that is meaningful.
When I point out similarities for Wave E in this video, it helps that the way its labelled goes to show you the accuracy of the count.
Practice, patience and determination will help you achieve your goals.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***