The normal triple top has no gaps between the tops. The same philosophy applies in this pattern as in the triple top. In each case, the stock rises to a certain price level and is repelled two times. The third attempt at that price is successful by the stock’s moving through the level shown by a column of X’s exceeding the point of resistance. since the stock was...
Hello everyone! In this idea, I will try to warn you against the wrong approach to trading. As you know, 95% of retail traders hold their losing positions for too long in the market, but at the same time cut profits before the trade reaches its potential. That is, a trader, being in unprofitable positions, is ready to sit out huge drawdowns -50% ..- 70%...
The main difference between an Analyst and a Trader is in their main goals. For an analyst, the main goal is to determine the future price and write articles. Most analysts give a double trend direction in their forecasts, as they worry about their incorrect forecast, and hedge in case of their mistake. For a trader, the main goal is to MAKE a PROFIT when...
Yes, this is risk management. Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense. Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always more than 1/2. You don't have to be...
My philosophy is based on simplification. I believe that reducing a problem to its fundamental parts helps us to better interact with them, and by being fundamental, our results are maximized. It's like fixing a room. It is no use spreading our attention to details such as the type of lamps while neglecting the underlying problem, which can be a large coat of...
I continue to talk about my trading principles.