The only constant with the financial markets is…
Change
The market is constantly changing in a way that it’s brining:
New demand
New supply
New volume
and fresh changes in the complex algorithms.
If you want to thrive you need to learn to learn to adapt, evolve and grow with the markets.
I want to cover four elements to today’s topic.
The Inevitability of...
A staggering 98% of traders inevitably stumble and tumble into the abyss of financial loss.
Why such a high failure rate, you ask?
It’s because failed traders try to preach their failures (as they think that’s how it is).
They develop these narcissistic methods, where they misguide others and are too blinded by their own failures.
Few years later, they’re back...
If you want to trade well and consistently.
You have to be more mechanically orientated.
The weekend is about to begin so I'll be literally quick and brief.
Saying "literally" was unnecessary and made it longer.
Sorry.
Here are the pointers:
1. Stay committed
2. Cultivate patience
3. Avoid herd mentality
4. Be long-term oriented
5. Stop crying over...
I walk through the pre-market prep and the price action that led to a big move on the Nikkei Index.
Learning price action means understanding 'WHO' may be trapped and where they will start to feel the pain and be forced to act and potentially close positions....that is when we want to initial a position to take advantage of the move.
The Nikkei index was a great...
Cryptocurrencies are often likened to the Wild West.
They are untamed, unregulated, and packed with potential riches.
However, they are also fraught with hidden dangers and potential pitfalls.
One such peril lies in the world of penny cryptos.
They’re cheap, super volatile, and they attract the minds of those who want a quick fortune.
This is similar to a...
Let me start off and say.
Penny Stocks have a lucrative and solid place for investors who buy and sell shares.
But not just any investors.
Well informed, researched, savvy and highly understand fundamentals.
Penny stocks for a trader though – Ah no!
Those shiny little nuggets of the stock market that promise vast riches for a small investment, can often turn...
It’s taking the world by a storm.
Smart Money Concepts is what has become famous lately.
Now I’ve been trading for 20 years and even I have learnt to adapt and adjust SMC to my trading strategy.
I guess we have to evolve and adapt with what there is.
Anyways, today I’ve written a complete Glossary on Smart Money Concepts terms for you.
Enjoy!
SMART MONEY...
Have you noticed?
That most successful traders, engage in some type of regular physical exercise.
And on their social channels they are either talking on the treadmill or they’re talking about their supplements they’re taking before they hit the gym.
And it makes you wonder.
Is gymming a prerequisite to trade well and successfully?
I mean, do we have to gym...
In the frenzied world of financial trading.
It gets to a stage eventually where we will hesitate to take the trade.
Even though you have the plan, strategy and mindset to a T.
Something could trigger you to not take the trade.
So why does this happen?
There are a multitude of reasons, but here are four reasons you might not take the trade.
Reason #1: Market...
What happens if your trading position is halted?
There are a few possible outcomes for this scenario.
First, when a stock is halted – this means trading that market will be suspended.
You will not be able to open, adjust or close your position during that time.
The best-case scenario is when the position will just be removed from your account and you will...
Black Swans are highly unpredictable events that go beyond what is usually expected of a situation.
One definition I like is this.
A Black Swan is where an event can cause the market to move 10 standard deviations away from the norm.
When this happens they could potentially have severe and wide-reaching consequences.
You’ll see the market will jump erratically...
What was a realm for Wall Street titans and for the affluent investors…
In the last couple of years, it has knocked its walls, and has broken the financial chains.
Today, it’s at the hand to the everyday individual, regardless of their financial background.
Just to put it into perspective.
In 2003 until like 2007, trading was very limited.
I had a very...
Once you become a trader.
Once you think about trading every day.
Once you have set your mind, soul, and heart into trading.
There is no going back.
You’ve reached the point of no return!
And it’s thrilling and exhilarating once you’ve mastered this element to your life.
So you might as well harness the true nature of what it takes to be successful.
Here...
There is a curse of knowledge in the world of trading.
And it comes a time where a new trader believes the way they can WIN is through…
Knowing and applying as much info and data as possible.
I’ve been there. In 2008, you should have seen my charts.
They looked like Christmas Trees.
Cut out the conflicting indicators.
Cut out ANYTHING that does not make...
Sorry but the truth is…
You can’t get away from the trading lingo.
There are at least 7 terms you need to deal with a day.
But fortunately, they repeat and before you know it – they’re second nature.
Let’s start with the most important terms – you’ll face every day as a trader.
Symbol – Name of market you want to trade:
The symbol represents the unique...
DO YOU KNOW THE 6 TRADING ORDERS?
There are many trading orders that a broker can offer.
You’ll just need to confirm on the platform or give them a call, which ones they have.
And it’s important to know which one suits your trading needs best.
Before you buy or sell a trade, there is usually a setting that you can choose to execute your trade.
Common...
Hey traders,
In this post, we will discuss 6 crucial things in your trade planning and the main elements of trade results assessment.
1️⃣ - Before you open a trading position, make sure that you analyzed the chart. You should identify a market trend and spot major key levels.
Here on WTI Crude Oil I have analyzed key levels and came to the conclusion that...
Hey traders,
Breakout trading is one of the most popular trading strategies.
Being quite simple in theory, it remains quite complex and complicated in practice.
In this post, we will discuss 7 steps every breakout trader must follow.
💬And just in brief about a breakout trading itself:
this method aims to spot a key level (it might be horizontal...
