Especially dangerous for novice traders

Especially dangerousIt is especially dangerous (from an emotional perspective) for novice traders to be intraday equity watchers. This is NOT a habit you want to get yourself into.
As a chartist, I want to trade the charts, not my equity level. I do not want intraday — or even day to day — volatility in equity balance to affect my judgment.
The question a chartist should ask is: “Did today’s price action do damage to the technical case in a market?”
Whether a position lost money is not the issue — nor should it be.

Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites