I am definitely not going to win any popularity competitions with my comments and thoughts. But that's not the point when it comes to making money. The main issue for me still in Crypto Land is the lack of realism. The image on the front cover was from a google search of "realism" I guess the confused face made my day. This is exactly how you need to be looking...
As a long time trader and professional investor, it's been awesome seeing the evolution of Bitcoin. It's a place for influencers to say stupid things like Bitcoin to 100k or 250k without any real merit or logic behind such a price point. Often the analysis consists of a handful of useless lines drawn from nowhere to somewhere of interest on the chart. To...
Hey traders, Ever wondered how some of the professional traders can lose tens of thousands of dollars and still not be phased? Well, today I am going to chat about how and why they have the ability to remain consistent and trust the process, and how you can do the same. Enjoy!
I have been a trader for a very long time, so listen as I spit some facts. News is worse than a distraction, it ACTIVELY inhibits you from making good decisions. You have TradingView at your fingertips and it contains all the information you need, in a package so advanced it's frightening. STICK TO PRICE ACTION! I will say this again at the end. I am 100%...
hello guys what do you add to above items? DO YOU AGREE OR NOT? do you becaome professional trader?
In trading especially in retail trading we have a massive focus on entries and very little focus on the context behind the trade, we focus alot on things such as indicators, or the perfect candle set up, but we have very little look into the context, so the fundamentals or catalysts behind the move in the first place, we tend to overlook this and focus purely on...
We do the analysis and we have reasons for entry. But what priority is your money management system. I being honest with my trade and analysis. Pro traders have a ratio where we put our stop loss and take profit. This trade is actually a good trade because we follow the system even it hits sl. At the first place, before we predict the market, we agree how much we...
CAUTION : EXPERIMENTAL Hello friends. Whale trading system has been developed and placed on a more reasonable ground. So this publication is an improved version of the educational idea : How do "Whales" Trade? Before Starting In related ideas, you can see the first version and the script I used to create this idea. And there is an intermediate version...
Hey! Now calm down and erase all of your coffee fortune-telling stories, throw the pump and dump signals you've been waiting for! You can only draw trend lines and long-term channels. If you're still not mad at me, we're starting now ! Trade is a relative concept and the buyer meets the seller relatively. Therefore, trendlines and channels can provide little...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY 6 Elements of a Successful Trading Plan 1. Test The test is considered as the start-up element of the successful trading plan. It refers to the successfulness or failure of any currency involved. In most organisations, time is the primary driver for assessing execution. The assessment period is constructed with respect...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Money Management 101 Are you receiving a win-rate of more then 60% and still loosing money?? Money Management may be an area that you need to focus on. It is an essential element in becoming a professional trader. Listed below are 4 Simple Steps To Evaluate Your Financial Health; 1. Position Sizing A portfolio of...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Van Tharp “When you understand what’s involved in winning, as do professional gamblers, you’ll tend to bet more during a winning streak and less during a losing streak. However, the average person does exactly the opposite: he or she bets more after a series of losses and less after a series of wins.” Over the 18 years of...
Introduction to Trader Psychology There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a...