G-money
An idea for managing transactionsThis idea helps you to know how control your positions either in profit or loss .
We will tell you when you can close your position in profit and how to manage your position in loss by decreasing entry price
It's all about money management that we will teach you
Our strategy based on :
Price action
Divergence
Golden EMA crosses
Conversion line and base line cross
Zone of buy and sell
Most importantly money management
We wish you could connect to circle of abundance and making a lot of money
Trade Review: How I Traded $PINS, $ZM, $CRWD, $UNH, $SPCE W/ EntIn this video I will reviewing trades I took on September 2-3, 2021 going full in depth explaining how I traded : $PINS, $ZM, $CRWD, $UNH, $SPCE showing you guys my entries how I put it together with other confluences such as support and resistance. Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Inside Bars, Channels , Emma's, Opening Range Breakout and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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How A Crazy Chart Can Make You Lose Thousands Of Dollars!"Crazy Chart" is the definition for putting so many indicators on your chart. it is one of the big reasons to have bad trades that will hit your stop loss easily. Who promotes those indicators says it helps you indicates the next move for the price, while the real truth about indicators that it follows the price only. Also It completely distracts you from seeing the perfect price action for entering and exiting any trades.
The best advice for setting up your chart :
"keep it as simple as possible" the more simple the chart the clearer vision you will have while chasing the price.
Here is some rules you need to follow to be profitable:
1- use indicators for analyzing the history of the price.
2- don't depend on indicators to show you an entry for a trade.
3- use price action and candlestick formations to enter and exit any trade.
4- work with indicators that shows you the support and resistance area of the price.
Lastly Know That ( there is no indicator that can predict the price next move ) if that indicator exists it will worth THOUSANDS of dollars and will not be available for free.
Trend Line & Channel Trading : Where to enter, Where to exit trend line trading seems so obvious and easy, many consider so basic. in this video i am showing you that it is an art and still have many points to learn to make sure your trade will win.
trendline trading :
1- the trend didn't end as long as you are having a h.h & h.l or l.h & l.l
2- when the price touches the trend is where you enter your trade
3- look for a price action candle stick each time you trade the trend line
4- price channels also can be used to trade against the trend direction
if you have any questions right to me in the comments and i will answer them directely
Finding The Breakout Point!So in this short video, I show you how to use a pennant style pattern to find a "Possible" Breakout point. This small breakout was a 6% move. Doing this will also help you determine your buy-in areas, so when it hits the support trend line this is the ideal buy-in time.
Ideal Buy In Areas . (When it bounces off support trend.)
Free money - but not easy money!This educational post shows how exploiting trends can deliver profits in the long term, by living for the big trends. This is a no-targets system that uses the ATR. Trend switches define entry positions and the markets decide exit positions. Scaling-in of position sizes is an advanced higher risk technique. Those lacking experience and with small account sizes should stay far from it.
Trading is not easy. If it was then everybody would be doing it and making millions. About 80 to 90% of all traders consistently lose money. Shocking but true.
Even in showing a purely mathematical system, there are unseen limitations in the backdrop. What's that? The key defining limitation is 'YOU' and your individual psychology. Risk - or the sense of risk - how 'you' manage that, is mostly about psychology.
Even when mathematical reality becomes unarguable, there is still the psychological issue about 'being convinced'. Not everybody is convinced by what is exquisitely mathematical.
Please note that I've only used a 60 min time frame on one chart for illustrative purposes. This is not a tutorial. The skill involved in anticipating where trend switches are more likely to occur is not something I can teach or intend to teach (even for a fee). I do not accept fees and never make any offers of deals to anybody - that's my 'mathematical constant'.
99% of day traders consistently lose money (educational)In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by.
The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and behavioural characteristics of day traders, more widely.
Even if the results are 50% applicable outside of Taiwan, they are seriously worrying.
For those interested in reading the study, Google: "Do Day Traders Rationally Learn about Their Ability".
So, what does it all mean? For me it means:
1. That the knowledge, skill and experience required to be consistently profitable are extreme.
2. Day traders are most at risk of burning their accounts and departing never to return.
3. Even seasoned traders are at huge risks of losing money.
4. It isn't about methodology - it is about 'individual trader psychology'
New traders need to be very cautious in following experts. A fair few of seasoned traders have set up training programmes, from which I suspect they make more money training, than in trading. Hard evidence on that is of course not easy to come by. But it's not me just saying so - a handful of true experts out there have said similar.
[ For the avoidance of doubt, I have committed never to sell anything to new or seasoned traders. What you see is what you get. I do not need anybody's money. ]
When the money is on the floor - take it!In this viog I spotted a set up and did not plan to trail. So, the money is on the floor and I take it. Greed and FOMO are not the ways to go.
I share how I use some indicators and price movement to assess the situation before entry. I trade what I see, not what I hear. :))
The most important things in trading:
1. See
2. Assess
3. Calculate if risk is acceptable.
4. Define entry.
5. Decide on exit.
Exit strategies do not have to include a target. I know some people who have missed loads of profits because price missed a targets by about 2 - 10 pips. I call that silly.
The important issue is to have exit criteria, which could be any set of situations on the chart that you define. A 'target' therefore does not have to be a fixed point. In trend-following trading for example there are no targets at all. But there are exit criteria.
But nothing is perfect. If the situation changes and there is doubt about exit, just take the money!