🚀 Welcome to the TradingMasteryHub Education Series! 📚 Are you looking to level up your trading game? Join us for the next 10 lessons as we dive deep into essential trading concepts that will help you grow your knowledge and sharpen your skills. Whether you're a beginner or looking to refine your strategy, these lessons are designed to guide you on your journey...
█ Traders, managers and loss aversion in investment banking In investment banking institutions, traders and managers exert immense pressure to maximize gains while minimizing losses. In fact, loss aversion, the tendency to prefer avoiding losses over acquiring equivalent gains, is what influences most of their decision-making. If not managed effectively, this...
I had a message and was inspired to speak my mind about correct risk management. What is it? How can I use it? How does it serve me? First of all, positions with no SL are a really bad idea, I don't care what bankers do. It is not cool or useful at all. Depending on how refined your strategy is, you will be struggling with higher Exits in your beginnings....
Types of Stop Loss Money Stop Definition: A trader sets a fixed amount they are willing to lose on a trade, for example, £20. Issue: This approach often leads to larger losses because it doesn’t align with market movements. Advice: Avoid using the money stop. Time Stop Definition: Used mainly by scalpers, this involves closing a trade if it doesn't move...
Greetings @TradingView community! There are five everyday habits that can significantly limit your risk exposure and contribute to a more secure trading experience. 💜 If you appreciate our charts, give us a quick 💜 1. The Imperative Trading Plan Despite repeated emphasis, many traders still operate without a well-defined trading plan, succumbing to...
Risk management is one of the key topics in forex trading that is not emphasised enough. Instead, there is too much emphasis on solely focusing on being on the right side of the market to consistently make money while ignoring proper risk management in the process. This post will completely debunk this, so after you have finished reading, you will hopefully have a...
Hey traders, Being breakout traders we have two options for trade entries: when the breakout is confirmed, we can either open a trading position aggressively once the candle closes above/below the structure, or we can be conservative and wait for a retest of the broken structure first. What is peculiar about the second option is the fact that the majority of pro...