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WATCH OUT! 9 Coming up TOMORROW!Hey there, Please like my post and follow me here on TV to support my work! So we for now moved out of the 4h ascending triangle, have touched support multiple times and are still holding strong. Moving averages and so on are still way above price, so there is a lot of room until Bitcoin gets there. On smaller time frames there is a lot of chopy action, so for clarity I advice using daily and 12h chart and only for entries the 1h and 4h. After dropping a bit today, Bitcoin held most of its gains which it made in the past days. For me has a bullish bias, yet we are a bit extended and I would like a retest of this clear trendline. For that we would need a wick down to around 6.5k to 6.3k on Bitcoin. That is also where my orders currently are waiting. An important signal is the tomorrow upcoming 9 on the TI Indicator sequential (td sequential). This could either send Bitcoin down under and create another daily higher low and possibly form another ascending triangle on the 12h chart, or rebound the price sharply to the upside, like it did back in 2018. For now I remain long, with scaling in trading strategies. Looking good so far. Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
30% WIN RATIO AND STILL PROFITABLE?-Trading psychology and Risk Hello traders! -READ THIS DESCRIPTION FOR MORE INFORMATION! -This tutorial is for people who are struggling with RISK MANAGEMENT and MONEY MANAGEMENT. In this tutorial i will show you how to be profitable with 30% ratio. But first i will explain you what is risk and reward. -Risk is amount of money or percentage what are you willing to risk(lose). -Reward is amount of money or percentage that you want to achieve. When you decide to start trading or you are already trading but still struggling with risk and money management you should follow my advice to improve your trading. I will give you few things to consider when you are trading forex markets. I will give you 4 tips to follow to become more profitable: 1.Don't risk more than 3% of your total capital! -Lets say you have 1000$ account and you want to start trading,you decide to risk 3% of your capital and that is 30$ with risk reward ratio 1:1 and you won 6 trades,you made +30$ of total profit.You have 60% win rate and you made only 3% of total return.WHY?I will explain in next paragraph! 2.Focus on RISK REWARD RATIO! -With proper RISK REWARD RATIO you can win more % and more money while you have less than 60% win rate,let me explain! Lets say you have 1000$ on your account and you decide to enter a trade.You are willing to risk 3% of your total capital BUT now your RISK REWARD RATIO is 1:3 What that means? That means that you are risking 3% to make 9% and with even lower win ratio you can be still profitable,you can survive this long term game! -Lets say you have 60% win ratio like in previous situation but with 1:3 RISK REWARD RATIO.You won 6 trades and lose 4 BUT you lost 4% and you make 18% and at the end that is +12% of total return on your capital.You see same win ratio percentage but with way more better results than with 1:1 RISK REWARD RATIO! -You lost 40$(4% of total account balance) and you win 180$(18% of total account balance). -You put stop loss lets say 50 pips and you put take profit at 150 pips for example. 3.Let winners run and cut your losses at proper time! -Lets say you put your stop loss 100 pips above you sell order and the price went strong bullish and you see that the price will hit your stop loss but you hope that trend will reverse or something like that,...Don't do that! WHY? In trading you should be aware that your emotions will affect your final results! -When trading you will feel lot of different emotions such as;fear,joy,hope,greed,impatience and so on. Let me explain something about that emotions for you! -FEAR-You face fear in few situations,first situation is when your trade is in profit but you have fear of losing that trade and you close with few pips in profit instead letting it run until profit target,...Second situation where you face fear is when you put too much orders of same pair and all pairs went in negative direction. -ADVICE FOR YOU:Risk amount that you can cover with win trades,lets say risk 1 to get 3 and if you lose 3 trades you will cover your loses with that one trade and do not open to much same positions! -JOY;Joy is good in life but in trading can be very very bad!WHY??? Lets say you won 3 trades in the row and now you feel very happy and you think that you are master of trading now,...In next trade you decide to put bigger lot and you lose that trade,What now? In one trade you lost all your profit from your previous win trades or even more! -ADVICE FOR YOU:Sometimes you will win sometimes you will lose but that is part of the game,it is okay to celebrate your wins but you need to be aware that loses are part of the game too.Also when you win some trades do not increase your lot to much because you think you are now master of forex. -HOPE;It is good to have hope in life(health,health of your family) but in trading hope can erase you all account balance!HOW? -Lets say you put trade and you see that trade is going in wrong direction and you know that price will hit your stop loss but you HOPE that trend is going to change somehow but at the end you ended up with loss,and you known that you are going to lose and you did not cut off that trade because of HOPE! -ADVICE FOR YOU;Cut off your losing trades and let your winners run! -GREED;Remember this;BEARS WIN,BULLS WIN BUT PIGS ALWAYS GET SLAUGHTERED!-What that means?Pigs are greedy and greed will destroy your confidence and your account balance. -ADVICE FOR YOU;Let your winners run and don not be greedy when you see little profit and you decide to close the trade,do not over trade,if you have bad day,you have more loses than wins,do not trade more because all you want is profit.You will have new opportunity tomorrow! -IMPATIENCE:Impatience is big enemy of traders!Always be patient and disciplined about your trading! 4. 30% AND STILL PROFITABLE?-Do not focus on money focus on % -I will show you simple formula how to calculate your RISK REWARD RATIO and this is how it goes; -1:3 risk reward ratio with 30% win rate, so you have 7 loses and 3 wins if you take 10 trades. = -7x1+3x3 = -7+9 = +2% I will explain you why is like this; -You lose 7 trades and per every trade you lose 1% so you lost 7 trades and that is 7% -You won just 3 trades BUT with 1:3 risk reward you get for every win 3% in return so that is 3x3=9% At the end you ended up with +2% in profit with just 30% win rate! Lets do another example but with 1:4 RISK REWARD RATIO -1:4 risk reward ratio with 30% win rate,you lose 7 and you win 3 if you take 10 trades. = -7x1+3x4 = -7+12 = +5% -Look at this now 30% win rate and you are still profitable! -With 1:4 risk reward ratio you can lose 7 trades and win JUST 3 trades and you are still profitable! -You lose 7(-7x1 ) trades but for every trade that you lose,you lose 1% and for every win trade you win 4% in return so that is 3x4=12 -At the end you ended up with +5% in profit with just 30% win ratio! 5.CONCLUSION At the end i will tell you what you need to learn from this; -Don not risk more than 3% -Focus on RISK REWARD RATIO -Do not let emotions ruin your trading -Do not focus on money focus on %(total return at the end of trade) THANK YOU SO MUCH FOR READING THIS TUTORIAL ABOUT TRADING PSYCHOLOGY! -If you like this content please support me with like and follow me for more new tutorials and analysis!
Education
by lCrn49
1
SELL 4H USD/CHF - BEGINNER TRADER, LOOKING FOR ADVICES Hi Guys, this is my first idea that I publish. Brief story of me: Studying trading since 3 months ago, no experience, no help, no courses, just me, youtube tutorials and books. I'm looking for recommendations to improve my trading, my analysis and my overall trading experience. Thank you so much to anyone that likes or comments my idea. Feel free to give your opinion and your advices, everything is more than welcome. As we can see in this set-up, I highlighted all the reasons why I think there is gonna be a downward trend in the next days whether the main trend line gets broken. Thank you all, feel free to ask questions.
Short
by One_Shot_One_Kill
1
BITCOIN: The BEST CHART AND ADVICE you have ever seen! ;-DHey cryptomaniacs and traders, welcome to another analysis...no sorry. I just wanted to wish you all a HAPPY EASTERN and want to remind you that coins and money is not the important thing in LIFE! Do I got some adviced for you? Yeah! I know we all might be chart-addicted and love to trade - We always check our portfolios and news. But all this can be stressfull, right? Take the time to recover - Refresh your mindset and don`t forget to celebrate Eastern with your family - You never know how long they stay! Health, freedome, time, family - All this is way more important than your financial freedome. So grant yourself a little break and focus on the real important things before we head into the next week. You will feel refreshed and happy! And a good state of mind will cause better decisions - and better trades. SO HAPPY EASTERN EVERYONE:-) -------------------------------------------------- Peace Irasor Wanna see more? Don`t forget to follow me! :-)
COINBASE:BTCUSDLong
by Trading2ez
8
XRP, trade wins / invest losses strategyWe need to break out of this dangerous trend line... However stay emotionless and look at the chart, I believe that the break out will come soon in the next couple hours, or minutes. To the expected region. However in the long-short term I see Ripple diving to the 0.25 USD region, to the august 2018 low, I actually also believe 0.15 USD is a easy target so reach . However in the long-term I see Ripple reaching at least 8USD, and in very long-term I see it going to 1000USD. So think long-term. I personally do not use Stop losses, because if my position drops 80% I just buy more and trade with another amount until we reach a higher price then my previous position. And then I sell, because I this is as an asset that I trade and invest in, if the asset you are trading is also an asset in which you see value in the long-term, it makes it much easier and you can properly look at the charts with out being blinded by emotions, you accept your current losses as you believe in the long term, they will be in profit again. Anyways, this is peculiar way of doing it, but if you can afford temporary losses that you don't cash out and you see value in the long-term, then by all means try this strategy. In the end, you will have no negative trades !! Learn before earn, and happy trading ! Please share your thoughts, as I am always interested in where others see XRP going :)
KRAKEN:XRPUSD
by Yokoj
My Advise on Etherium based on T.A Here I'm telling you some of my opinions on ETH/USD So many people asked me that they should invest in Etherium now or not? Is this profitable to buy now? When I watched the 1day time frame chart, I found now is the most risk involves. Technical 1. EMA 50 is acts as resistance in last 10 months. Price tried to break several times but it failed. 2. Price is in downtrend and RSI level is near 70. So it indicates price will come down. 3. Investors will come in near support zones, So I have drawn a downward support in l]red line . Why I consider this line as support ? because price touches this line 3 times, and when it touches price pumps and touches the resistance. Fundamenta l : 1. Currently Etheruim facing the scale-ability issues. 2. If price falls and continues its down trend for next 1 month, then price can drop another 70% I will buy if price falls in red line or confermation of up trend. "Sometimes doing nothing is the best thing"
KRAKEN:ETHUSD
by laxmansuresh619
13 tips for tradersI had this on my hard drive, I thought I would wipe the dust of it and write in in a clean manner in a post, helps me think more clearly. I need, and everyone can benefit from (new intermediate advanced legend even), having all of this in their mind: 1) Advice that trading is 95% psychology ===> Throw it in trash container Worse advice I have ever seen, or I totally missed something. Anyway, simple proof that this is all a load of feces: 5% of the population are psycopaths (not the murdering kind) so if this was that important they would all driving roll royce's. Also I am not a psycho (I think) and I do not have much issues with this... I guess not beeing dumb enough to go ALL IN *100 helps. Also... then, let's just let a bot do the trading. Making lists like this learning more everyday and always evaluating our own performance and track record, filter what does not work in certain market conditions... This matters 10000000 times more than "muh feeling :'(" 2) Look for ideas opposite to yours, especially beginners (less than 1000 hours trading/learning) Watching what others are doing helps, and when you have an idea looking for views opposite to yours really helps. Famous billionaires do this alot. Especially they surround themselves with people that view the world differently. Of course, do not waste time arguing with bagholders, and sadly alot of ideas opposite to yours you might find are trolls drawing arrows pointing up to unrealistic targets, it could even convince you that the "opposition" are clowns and there is no way you could be wrong, so do not fall for that trap. Just because someone is stupid does not mean they are always wrong. Consider bad TA as 50/50. 3) Noobs want a sure thing. Good luck with that one. 4) "It is impossible or super hard to make money you are competing against the best" ==> Trashcan advice... First, for lighting fast scalping they are using microwaves now... You are not going to win, sure. But not only is the competition really not that good (maybe I am a little biased here idk), but you do not even have to compete with them. Big money buys, just follow the momentum, ride on their backs. Forex is full of huge money (central banks, international companies buying a currency) they are not trying to rip traders off by hunting their stops, they actually need to exchange currencies, nothing more. Beeing arrogant and thinking every one is a dumb ape but you is probably a big plus :) All that matters are facts, "Is this pattern profitable?" "What is the winrate?" "What is the risk reward I get on average" "How long does the trade last?" "What are the fees?" "What are the odds of a massive selloff?". 5) "We dropped 90%, this HAS to be the bottom. How much further can we drop?" We can drop another 90%. And another 90%. And another 90%. And so on. I did not find any statistics but I am pretty sure that looking at ANYTHING that lost 90%, you would find that the vast majority of the time it was not "a huge opportunity" well it was, but not for buyers. Afaik some great traders made and make big money by shorting dead trash before it goes to zero. If a company is dead, how do shortsellers find buyers? Because to sell you need a buyer. Well, all the idiots that skipped math class and think "this is a great opportunity". Quit trying to fool me, I am insanely bad at maths, how can you drop 90% if you alreayd dropped 90%? How many more times can we drop 90%? * points and laughs with his redneck friends that only have 5 great-grandparents * x is a real positive number (R, +, .). y is an integer. x^1 > 0 since we have said that x is >0 and x^1 = x Now, consider x^y > 0. If that is the case, x^(y+1) >= 0 since x^(y+1) = x^y * x and the product of 2 positive number is positive. And if the result was 0 then it would mean than 1 of the 2 numbers was 0 (I think I don't need to prove this) so it will be > 0. There are plenty of stories of money managers that fell for "it CANNOT fall lower" and got destroyed. The internet is full of bagholders that get destroyed all the time with that insane logic. I do not even profit from this... Maybe I should rethink my whole strategy, when I see the sheer amount of bagholders with "buy the dip" mentality I could profit from...Might have been wasting my time this whole time when I could just short bagholder crypto's/stocks. Well maybe not crypto's as they are long sideways (complacency) lmao complacency @ -95% :D 6) "Soooo this means... y can be as high as we want it to, or in other words the number of times we can go down 90% before touching 0 is INFINITE." I do not know what the "record" is. I know that some companies have started at 10000$ and more and did not disappear even when their price was at 10 cents, that is a drop of 90% 5 times in a row. There are several examples, but 1 I see alot on social networks (lots of experts were recommanding to buy the dip "opportunity of a lifetime" when it dropped 90%) Of course it made 5 90% drops in a row looking at bottoms, but if we look at bounces from the tops after it bounced, it is obviously going to be more than 5. You just... cannot make this up.. And there are people defending it and claming they did the right thing when they "bought cheap" and are thinking of their yacht color etc. I cannot make this up. 7) Use excel. Have a process. This kind of stuff. Here is what I have for 1 of my strategies, I just wrote it down yesterday, helps me think more clearly and stop thinking about it: Pre-entry: Check previous occurrences on the chart, do some TA. Note where structures are. Entry: Entry is on the level or if we're past it a little after previous low. Target and stop loss: Initial target T1 is next structure, usually 1% for FX. Set stop loss to get a reward:risk of 2. Trade management: Close half at my target 1, stay until final target as long as the price stays above 0,382 to 0.5 fib. Here is an example of a winner I would have shorted following that strategy: Another one: 8) Money is made missing out. You make money when you miss out. Let me type this a second time: YOU MAKE MONEY WHEN YOU MISS OUT "You missed out" that sentence... wow. I do not know about others, but when I miss out a move, I like it, I am happy now, I really am. Because I know I am filtering all the bad trades. If even some good ones get caught, then I must be doing a good strict job right? Let's check the Bitcoin chart real quick. Here are a few moves I missed out: a- False break b- Buy the dip c- Big money is stepping in - Yes, people really thought a major bull market was starting. Easy to say how foolish that was in hindsight, but back then I was pretty lonely saying that was a bull trap. Even got banned from TV for calling it a bull trap. 9) Do you want to have a life? Or be exceptional at one thing? Having a life translates too: beeing basic sheeple that tries to mirror the people around him to avoid feeling different, does not have it in him to do whatever he wants but a slave to what others think of him/her, and has a boring depressing life he hates and should hate. Be a sheep or be a winner, your choice. 10) Day trading is bad, you can only make money bla bla bla. The only reason why daytrading is less profitable than say swing trading is spreads. I do not have the exact numbers here, but a broker analysed the millions of trades his clients took, and the majority of losers... Their losses equaled the fees... You aiming for an intraday 0.3% move and the spread is 0.02%? That is 6.6% of your profit. It can add up really fast. You need a large edge and alot of "margin" as in much more profit than losses to not get hit by fees. I was daytrading a couple of months ago, I filtered so much I had 3 trades a week. And all winners. 3. In a week. "More is better". There is NO WAY that someone making 10+ trades a day is only taking really awesome trades and not giving up alot of his profit to his broker, unless he is trading crypto on Gdax/Bitmex but crypto trading is dead now. I did it all, and it all works, from scalping for a few seconds to holding for 2-3 months. But you have to spend a little while writing down what you want to do, make sure the fees are small compared to the profit you realistically aim for. 11) Become a specialist. Find 1 strategy and spend all your time on that. Or find 1 market... but that one... Nah find 2 markets... What will you do when your market is sideways/dead? I have 1 single strategy, I am learning about other ones at the moment but I only really have one. 12) If you are new... go for a SIMPLE strategy, do not try to reinvent trading and be greedy. These are the strategies I am looking at: - My strategy is picking tops and bottoms where reversals happen (advanced, I would not recommend to most :p) - I am learning about hidden divergence (trend continuation) (intermediary difficulty) - I am interesting also in continuation inside bars when there is strong momentum (beginner friendly) Actually my strategy has to be one of the hardest there is. I use divergence as a filter + additional reason to go against the trend. I have become an amateur-expert at reversals. I know, this is terrible, every one says not to go for this, but it worked for me till now. I still can use ALOT more experience. Maybe one day I will call myself an expert. This strategy, if I am correct, is where greedy noobs get slaughtered. It is not easy, it is so dangerous. Sure you look at the chart and think "oh these divergences pop out, I could easilly buy here and sell here". Or "This was a clear bottom/reversal I could easily buy here". Nope. Sorry. You could not. What I started with was basic trendlines. I would look for anything bullish and buy when the trendline is touched, then sell when it goes ballistic, if it drops below the line I AM OUT. I was not very excited about making money when I started, but I really really did not want to lose any. I think this is the approach people should have (right?). Here is an example of a trade I took a year ago before I got bored and switched to another non recommended highly dangerous strategy :D 13) Trading is easy, but it takes time, and all these other qualities you have heard about. Take something simple: Support and resistance. Pretty basic. Just horizontal lines. Well, I think I am someone smart, I am a very fast learner, and I do not exagerate when I say I spent THOUSANDS of hours analysing support and resistance. Plus at least several hundred looking at RSI divergence alone. Plus hundreds looking at market life/cycles. Plus hundreds looking at different market conditions. Plus hundreds looking at moving averages. In total I am at 5k in a year. To become an engineer, you will need 5 years (is this the same in all countries? Can't be much different). You get 200 class days a year, 8 hours a day + 1 for homework (well maybe some people need more idk OR skip all lessons skip homework and rush rush before exams works too I guess) so that's 1800 hours a year or 9000 total. Of course you learn alot of useless stuff, but when you start working you have to learn your new craft anyway. Would you let an 18 yo surgeon on his year 1 operate on you? Would you expect him to reinvent surgery? Yes actually, but not in the good way :D Now trading does not require 10 years of studies (hey especially if you full specialize on 1 thing and 1 thing only), but I think you will need a couple thousand years under your belt to really know what you are doing. If you are lucky and have the qualities of a good trader in you as you start, and go for that 1 simple strategy and nothing else and respect all the rules (easy as you already have all the qualities) you could start making money pretty quick but not too quick (you have all of the qualities = you don't risk too much when you don't know what you are doing), you might get hit when a bull market turns to bear, but you will not get hit hard as you have all the qualities a trader needs. Otherwise, it will take time (or beginner luck), and in both cases before being really good you will need a couple thousands hours under your belt. So, the best advice you could get: if you do not like this, forget about it. Do not force yourself. The power of greed is not going to turn you into a millionaire even if you really really want to. It will turn you into a hobo thought, for sure.
Education
by MrRenev
My top 10 most idiotic advice you get out there.Hello, and welcome to my top 10 of the worse pieces of advice you hear in trading, or simple "commong knowledge" that either make me go "HAHAHA" or my brain go "AAAAAAAAAAAAAAAAAAAAAAAAAAAH". 1/ Trading is hard/easy. You have to git gud at trading. At least learn how it works unless you already somehow knew. Everythign is relative, so for sure trading is not easier than flipping burgers or whatever. Even uneducated workers learn what they do before doing it and they have to be decent at it. Trading is not easy in the sense no brain eyes closed clic a button become instantly rich... I can guarentee you 100% of the "legends" are just fools that got lucky with their first few trades and they end up blowing up very quickly. Out of 50.000 people don't think a couple hundred can have 15 wins in a row in their first trades? What usually happens when someone completely ignorant gets lucky? Trading is not hard either. It is being called the hardest job in the world, somethign so difficult every one fails. Nah, it's super easy peasy. Just like maths at school. Easy. People hate it because they are too dumb and too lazy that's all. Just quit eating pizza and drinking in front of tv go learn how this works backtest a strategy and apply it then you can sleep 12 hours a day and play video games the rest of the time as I do. No brain and easy. Personally, I still keep doing research and looking for more strategies in case my 2 main ones stop working for some reason, and out of boredom tbh. 2/ You cannot make money trading small moves over a few hours. That is gambling. Haha just the usual sad person that failed hard and now make these affirmations. Ever notice how big failures and the dumbest people are totally closed to anything they do not understand? And how morons think they are always right? Do whatever you like and works for you. 3/ Make your chart timeframe fit your trading timeframe. Daytraders should look at the 1 hour chart, scalpers the 5 minutes, investors the daily, etc. No? NO. NO. NO. NO. Idiot. What timeframe should you look at if you are an investor? The daily. What timeframe should you look at if you are a daytrader? The daily. What timeframe should you look at if you are a hfscalper? The daily. What timeframe should you look at if you are swingtrading? The daily. What other timeframes should you look at? The small ones. Shouldn't long term traders try to get the best entry they can if possible? 4/ No one is right all the time, you have to be willing to accept making mistakes regularly. What? Omegalulwut? What an idiotic piece of advice. DO. NOT. MAKE. MISTAKES. EVER. If you mess up slap yourself and vow to never do this again. There is no right or wrong. You look at the odds. You look at the risk to reward. You look at the frequency. You make your system/strategy perfect and you follow it to perfection. If the winrate is 70% you are not wrong 30% of the time, you are RIGHT 100% of the time as long as you follow that system and get 70% winners. People are so garbage at both math and plain talking english. This is probably the reason why I keep seing this advice. Or do they actually mean it? Can't tell XD Ignore anyone that cannot make a complete coherent sentence. 5/ RSI overbought/oversold RSI. Relative STRENGTH index. Not Relative weakness index. Not Relative "oh la la we went up alot we soon go down". Not Relative overbought index. Relative STREEEEEEEEENGHT index. SSSSSTRENGTH. S-T-R-E-N-G-T-H. As in strong. Shows how strong a trend is. What kind of complete inbred that should end themselves invented the idea of selling something because the trend is strong? Or buying something weak? Saw the "overbought oversold signal recommendation" on Fidelity. Here. www.fidelity.com They point to when the RSI is at extremes and show "see? It went down". In 1 case after getting into overbought/sold conditions it goes up 10% before retracing, on the other case it dump 5000000000% before bouncing. And they actually have the audacity to display this on their "education" page? That example? But at least they are careful and not literally telling people to trade based off that. They are just showing pictures to get them excited right? Oh if you sell at the very top and buy at the very bottom you make 69% kappa. Just using the words "oversold" and "overbought". Stupid as hell. If water becomes super scarce I can guarentee you it will get "overbought" very fast. But what moron would call that overbought? If anything it is not bought enough. Underbought. What works is (on the daily chart) RSI divergence. Strong trend getting weaker ==> that's when you consider selling or buying. Not when it is strong as hell. 6/ If you bought Amazon back in 2001 you would be this rich. Better odds at the roulette table. At least there are some rules. Not buy "random thing" at "random time" AND sell it "at random time". Where do you enter and why? When do you exit? 7/ “Letting losses run is the most serious mistake made by most investors.” Absolutely wrong. If they just let their losers run wild they are not investors but cattle. Meant to get ripped to pieces by predators and sustain them. 8/ "We dipped 30% today as the weak hands got shaken out" Similar to the previous point. Also, anyone using the term "weak hand" non ironically should get a rope. 9/ "So what is a hot investment now?" Unless you are asking this question to know what to sell, get a rope. 10/ "We are down 30% and they are calling for zero. I am buying aggressively because that is what they said last time and we went up." Roooooope.
Education
by MrRenev
6
Bearish Bat on the 4hHello traders long time no see! Here we have a bearish pattern that has taken form! Always remember that a higher odd pattern doesnt imply consistency! It it just higher odds of the market going in a certain direction. Eliminate the need to know where the market will go next and trade on what you defined as an edge. This way I can assure you that you can improve your performance overall. If there are any questions or feedback please feel free to let me know or send me a message if you need any advice. I will be glad to share what I know with you! Leave a like and follow me I will be alot more active from now on as I commited to being a full time trader. Lets all smash it and bag some pips. All the best, -Alex
Short
by AlphaForexx
Everyone's a Trading Legend... except when they're notThere's a concept in game theory called the Nash Equilibrium . It can be applied to any game and determined with algorithms but there may be none, there may be many or there may be one we don't know how to find yet. In the game of trading/investing, Everyone (who is rational) would be looking to maximize their own gains with regards to everyone else doing the same in a game where there's little communication available widely other than charts. However humans do not necessarily act rationally. In an area where most traders are the "Mum and Dad" types with no institutional experience, we can see firsthand how emotions are affecting trades. One such emotion is the most important of them all. Ego . You could be scientific and believe in random walks, you could be more empirical and believe in Elliot waves. One common thing between all of them is: We don't like to be wrong. We don't like to suck at predicting markets when we've fuelled them with our hard earned money. We would rather insult others than to make profits. We would rather see the world burn than to see our shorts get liquidated. However, that's irrational . This is the behaviour of most top Technical analyses ranked in the main page of this website. They really hate to be wrong. They carry the sheer weight of ego that comes from being featured in a very prominent website. It's not their fault they hate to be wrong. But they will be. They're only human and they're sharing their advice (or counter advice - unethical) for free. My advice to you is: Try to be consistent, have a strategy and don't be too predictable. Your strategy may suck but this is an evolutionary game where at each round you can change your strategy. Everyone knows a downward market is going down, if you're a whale you can destroy that same "everyone" if they acted predictably with their stop losses and shorts. Come up with new strategies that suit you and make profit for you . The objective of the game is not to win. It's to profit. There's a big difference. As for TA: Understand oscillating patterns and indicators. most natural occurrences in the world of engineering can be explained with the Fourier series. A series of oscillators with differing weights. Oscillators are just awesome. There's no great trader. Investing is an area where you carry your ego and its' weight might crush you. You're always sometimes going to be wrong and sometimes right.
BITFINEX:BTCUSDEducation
by Predicitron
2
NEOUSD Bulls and Bears just doing their thingLets take a look at the neo markets on 1 day candles to get an idea of what is happening. In my opinion NEOUSD is undergoing a very healthy correction, however it is important to note that we are currently in bearish trend, not really surprising considering the markets at the moment. We can see that NEOUSD found strong support around $100 where prices were pushed into the $140 zone where we saw quite a lot of action before it was rejected as support and became resistance. Short term speaking we could see a retest of the $100 – $120 zone, and this is also where some day traders are placing some buys to catch the bounce. Longer term speaking I expect NEOUSD to continue its bullish momentum at some point, most likely when Asia stops having holidays. I see solid support at $100, but should prices break below that the longer term support zone is $60 – $100. Feel free to discuss this trade idea with us in Discord.
BITFINEX:NEOUSD
by saintbitcoin
DOGECOIN undergoing P&D - Advice to not fall for this scam.For novices out there, Pump and Dumps are NOT created to benefit you. It's a total scam, and you should never fall for this. The leaders of these P&D groups decide on which coin they are going to pump MONTHS in advance so they can buy the coin at a lucratively low price. Then, they "announce" what coin it is and when their thousands of followers go and buy those coins, they sell off part of their position due to the inevitable price spike and turn profit. You may ask, "Well, why can't I just sell my DOGE when they are pumping the price up?". This is because the buy volume isn't there to support the price, and you are NOT going to be able to sell your position at a good price. These sorts of things are designed to scam you out of your hard earned money, and you shouldn't fall for these kinds of scams just to "take the easy route". Make smart trades, think for yourself, and you'll be a much better off trader.
by yeeyee2020
33