Which Trading Method to Follow !!

Different Traders follow so many different methods, which are followed by different traders-

1) Support & Resistance
2) Elliot Waves
3) Moving Averages
4) Open Interest & Volume
5) Overbought & Oversold Indicators
6) Other Indicators crossovers or any Technical Analysis study
7) Fundamental Analysis

So many people follow them & loose their hard earned money. Less than 5% of the traders are successful & they keep on searching & trying new systems.

No System is Wrong or Right ! One should pick a method that suits to his style of trading. Its not a hard & fast rule to use only a particular method. Inputs from different methods can also be used simultaneously, but the objective should remain intact - To make money, not to justify the used method or trades done.

Nobody can follow anyone fully. Everybody can copy a trading style, but the Thinking & Emotions of everyone is different at the time of trading. It all depends on Lot Size, Experience, Previous good & bad experience with that system, Motivating or de-motivating family & friends, Trading alone or in a group, Distractions of previous holdings...

So, Choose a good method & stick to it. Trade it with respect to the Context of the Market. Work on yourself & keep analysing what works for you & what not. Add the working ones, Subtract the Non Value added ones.

Always Remember-

Not the Car, but The Driver wins the RACE !!