My Crazy Trading Story and How I Fixed ItHey everyone! I want to tell you about this one time when trading made me feel like I was on a wild rollercoaster. I made some money with a trade, and I got so excited that I thought I could do it again, but even bigger. But guess what? I lost a lot of that money back because I was too greedy.
I know you guys have felt this too:
- Fear: When your trade starts going down, and you get scared, selling it too early. Then, you see it going up the next day, and you're like, "Oh no, why did I do that?"
- Greed: When you win big, you want more, right? But sometimes, that makes you keep a trade too long or do another one without thinking, and then you lose.
-Worry: Those nights where you can't stop thinking about your trades. You're either scared to lose more or afraid you'll miss out if you don't trade. It's so hard to decide what to do.
It's super frustrating when you mess up because you're letting your feelings control your trades. But I found a cool trick that helped me a lot:
My Trick: The Chill-Out Break
When I start feeling all those big emotions - like greed or worry - I set a timer for 15 minutes. I go outside, take a walk, or play with my dog. Anything to get my mind off trading for a bit. When I come back, I'm calmer, and I can think better about what to do next. It's like taking a timeout in a game, but for your brain.
This little break has stopped me from making bad choices just because I was feeling too much. It's not just about making more money; it's about being happy while trading.
Have you ever felt like this when you're trading? What do you do to calm down? Let's talk about it! Ever felt this way? Send me a DM, I'm more than happy to help or even join my webinar this Sunday.
Kris/Mindbloome Exchange
Trade What You See
Beginnertraders
BTCUSD: Mistakes beginner traders makeBINANCE:BTCUSDT
Some Of the Main mistake's Beginner Trader often make ;
* Trading without a trading plan. Every trader needs a trading plan.
* Trading too much, too soon.
* Emotional trading.
* Guessing.
* Not using a stop-loss order.
* Taking too big positions.
* Taking too many positions.
* Over leveraging.
Simple Technical Analysis for BeginnersIdentifying the Support (lowest price), Resistance (highest price), and Key Levels (areas price gravitates to between Support and Resistance) one two or more timeframes. Today, I have them marked on the 4H and 1H Timeframes.
Identifying Support
Support is the lowest level a price will go before reversing. A support is created in two ways. The first way is when Sellers in the market close their existing positions and take their profit. The second way is when new Buyers enter the market by opening new positions.
Identify all historical Lows in a chart.
Circle these zones.
Connect as many as possible using straight horizontal lines. These are known as areas of Support.
Identifying Resistance
Resistance is the highest level a price will go before reversing. A Resistance is created in two ways. The first way is when Buyers in the market close their existing positions and take their profit. The second way is when new Sellers are entering the market by opening new positions.
Identify all historical Highs in a chart.
Circle these zones.
Connect as many as possible using straight horizontal lines. These are known as areas of Resistance.
Chart Made Using AlphaMind AM All-In-One Indicator