Introduction If you're new to trading and often find yourself confused while drawing trendlines, you're not alone. One of the most common beginner questions is: Do I connect the candle bodies or the wicks when drawing a trendline? Let’s break this down in the simplest way possible. What Is a Trendline? A trendline is a straight line that connects price points on a chart to show the direction of the market — up, down, or sideways. It's the market's path . It helps you visually identify whether the price is generally moving upward (an uptrend ) or downward (a downtrend ). How to Spot an Uptrend An uptrend happens when the price keeps making higher lows — meaning each low point on the chart is higher than the one before. Example: Imagine the price drops to ₹100, then rises. Next time it drops, it goes only to ₹105 before rising again. Then it drops to ₹110 and rises again. These higher lows form a staircase going upward . How to Draw the Tre...
A Friendly Chapter-by-Chapter Guide to Key Lessons Disclaimer : This is an educational summary of key concepts from Mark Douglas's book and is not a replacement for the original work. For a complete understanding of these powerful concepts, I encourage you to purchase and read the full book. Introduction: The Psychology Behind Trading Success What It's About: Mark Douglas introduces us to the core premise that trading success is primarily psychological, not technical. While many traders focus on finding the perfect strategy, Douglas argues that how we think and manage our mental state is far more important than the specific trading system we use. Key Lessons: Most traders fail not because of poor strategies but because of psychological limitations The market environment creates unique psychological challenges unlike other professions Developing a "trader's mindset" is essential for consistent success Friendly Takeaway: Think of trading as a mental ...