It's easy to get a mili a year if you trade 100M account, that'll be 1% a year. A lil bit harder but still easy af to get a mili of you have 10M capital, that'll be 10% a year. That's how many of "skilled" and famous market participants earn dem money. You might say, "Wait, but that's really not a lot, markets can give much more for these capitals". Yes but given...
I speak to a lot of traders, new and veteran. It's surprising to see how so many are not sure how risk is calculated and what the exposure really means in terms of P&L. This obviously is a major block in the road on the way to gaining confidence necessary to avoid losses. So let's break it down - *P&L is calculated by lot size * movement. Example: If you...
Hello traders: Recently I received many messages from traders about taking many losses during this uncertain time. What's going on globally right now may have a different impact on all the different markets. Many have told me of your frustration, stress, and negative emotion on losing money and continue to feel defeated. Today I will explain a few things that...
Warren Buffett famously said, “Be greedy when the market is fearful, be fearful when the market is greedy.” Knowing fear and greed in investing is therefore a good thing. Our ancestors in the past, thanks to fear, knew how to run away from predators so as not to be killed. And also because of greedier than other animals, people know how to cultivate, store food,...
Investing is an activity that always comes with risks. Every time we have to think about a fixed investment, sooner or later we have to ask ourselves what are the risks associated with this investment? Investing is an environment where the certainty of the future is purely a product of the imagination, but unfortunately this is the product that is being sold most...
Most traders experience similar thoughts patterns and emotions on the charts. your psychology and your mind-set represent 70% of your trading performance. So smart thinking and discipline is more important than your strategy. That's why controlling it is what makes you profitable and successful. Range of emotions that can impact your trading: 1- Doubt: It comes...
Confluencing trend reversal signals as described in 'Price Action Breakdown'. I have yet to effectively apply the reading. Still trying to make sense of it. using it only when appropriate. that sort of thing.
How often are you looking inside?
Part 2 here is all about CONTROL . As I said in part 1, people tend to equate green candles with buying and red with selling but the default coloring is wrong and does not reflect the actual actions of smart money. Like color, a common misconception is that if the day is red and way down, people are selling off. The reality is most of the time the market is...
Whilst I am on a roll, I'm pushing out loads of questions and thoughts that have occupied me for the last two years. All this is well ' Beyond Technical Analysis '! In too many trading/training videos out there, I've heard the words 'discipline' and 'self-discipline'. These are so commonly used words that many take their meaning for granted, or as something very...