Trading strategies, Part 1: First stepsWelcome to a series of videos called Trading Strategies. In the next couple of weeks, we'll talk about different strategies one can use to maximize gains: Market psychology, trading tools, trading styles, technical analysis.
Today, the first steps:
1- Defining who you are: Are you an investor or a trader
2- Educating yourself: Knowledge is the best tool someone can have on the market
3- You can't win all the time
4- Don't be greedy
Stay tuned for more content
Beyond Technical Analysis
How To Use Risk:Reward Like A ProWhatsup my friends
In this video I will be covering my risk:reward model and how I can use it to generate an edge in the market.
In this specific backtesting session, I used 0.5:2 risk:reward with TP at 4RR for every trade.
I got pretty good results - but remember this is simulated and it's easier to perform better.
However, don't take this type of training lightly - this is the best way to improve as a trader.
The next step would be to actually start journaling your trades and analyzing everything at a deeper level.
I hope you enjoyed this!
Cheers
Dil
How To Spot Divergence Without IndicatorsHey y'all… The highly requested—Is here.
Most of us love the idea of a bare chart… but can't seem to let go of the values—by indicators.
One of the most important signals in—Nasdaq100 are divergence.
Pfft… So, I thought… Why not make it easy?
This is my own theory—So… you might not get it on YouTube or books.
I figured this out with experience. Use it wisely; Thank me later.
Cheers,
Lazyluchi
Trade Entries VS Trade Exits - Do you still make these mistakes?Hi Traders, welcome back to another workshop. In today's workshop, I will be discussing the importance of taking of both Trade Entries and Trade Exits.
Most traders put way too much attention into spotting the specific entry level. But the truth is, closing out a good position at the right time and at the right price make you money. You can have the best strategy and best entry, but if you don't know how to exit, you'd still end up losing money.
Why majority focus so much on trade entries?
Simply because the feeling of catching tops & bottoms give them a sense of gratification and achievement.
Trading isn't about feeling good, it certainly isn't about ego. It's all about how can you organize your mind to control its performance, so you're consistently extracting profits from the markets, by doing the right thing.
Stop aiming for profits, start focusing on the process.
Do the right thing. Again, and again. That's how you make money from whatever you're doing in life.
Comment down below what's your best and worst positions.
Share with anyone you think he/she should be watching this.
How To Achieve Your Personal Success - VisionHi Traders. This workshop is something untypical, not really trading-related but more on life story in general. In this sharing, I'll be discussing why starting from zero is always the toughest.
Trading, investing, and entrepreneurship in general tend to beat you up in the beginning when you first started. Everyone's fueled with passion and motivation in the beginning, most people give up in between. Ultimately, those who can withstand challenges and defeats will stand up firm and stronger. People who will succeed in life are those who are determined, persevere, and with ever-growing passion.
For whatever challenges you're facing right now, remind yourself that it will not last forever. A bright shiny day comes after the rain, keep paddling.
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time."
Comment down below what's your goals, and challenges you're currently facing. Share with anyone who need to watch this.
Price Psychology what happening with in priceThis is meant to serve as a training guide into understanding how chart patterns are ultimately formed via prices bought and sold.
This is where the focus of this video is. We are always wanting to know rather than the pattern that is forming, the prices that are
being bought and sold on the chart.
For this we use Quarters Theory, The segmenting on the chart into equal slices to understand where prices are at and where they could go.
On my highest timeframe I like to stick to 1000 pip sections the value of these sections changes this system is universal and can be used on any asset for ease of understanding it was preformed on a stock chart.
Within 1000 pips we have four sections
Four $100 zones
Four $50 zones
Sixteen: $25 zones
On a monthly chart we focus on 1000 pip sections, on a weekly is 100 and on a daily its 10.
Segmenting the char in this nature allows for an understanding of how price has reacted on different time frames based up the price or zone that it is in. From this point of view we may then begin to see recognizably patterns happening at specific prices that would be attributed to bar chart or price action patterns.
Weekly Range Break DownHello Traders!
This video explains how these markets move on a week to week basis and day to day basis.
SUNDAY OPENING PRICE is something every trader should keep on their charts.
It will help fine tune which side of the market you should be on when bullish or bearish.
I give 4 examples, 2 bullish and 2 bearish. All example shown are also from the same trading week.
The Dollar is sessionally bullish in November that alone should signal to a trader that other currencies are most likely bearish for November. Do your due diligence look up your sessionally tendencies for each forex currency.
Key take ways:
Sunday opening price is where the algorithm is making its new overbought and oversold levels.
Anything above the S.O.P line is Premium. Premium is also known as overbought.
Anything below the S.O.P line is Discount. Discount is also known as oversold.
If you are bullish you are looking to buy below S.O.P
if you are bearish you are looking to sell above S.O.P
The fake move above or below SOP is referred too as the Judas Swing, which I learned from ICT.
Crypto Explainer - What is Cardano (ADA)?Cardano emerged back in 2015 and presents today a strong contender in the smart-contract arena. Similar to Ethereum, developers can create smart-contracts for their DApps. On the other hand, Cardano is highly scalable, and is able to process more than 250 transactions per second, versus Ethereum that currently does around 15 only!
This solves the major obstacles and backlashes that many cryptocurrencies faced: Eco-friendliness and scalability.
Invest responsibly, and always do your own research.
Cheers!
CT Team
It's Here.We’re on a mission to give the world the best tools, data, and charts to make better decisions, while making it as affordable as possible for everyone - no matter where you are.
This week, we turn on the turbo boosters. Our destination: Mars.
Get ready for our epic week of Black Friday discounts.
The countdown starts now: Get your Black Friday deal
Join us for the journey.
Be Prepared - In control of the Survival ModeHI Traders, here come another workshop on being prepared for any possible outcomes in trading. Whether you're a new or experienced traders, at one point, you'd definitely face some obstacles completely out of your comfort zone, where you're just stumbling without any clue on how to solve it. Here sums up 4 key elements on how to be in-control of any possible outcome
1. Flexible
- Successful traders have extremely good flexibility. Regardless of what's put infront of their face, they adapt.
- Market conditions vary from day by day, so when the ordinary things/ setups aren't working well, what's wrong? Most likely either the market condition has changed, or your mindset is changing.
- This is why having multiple strategies to trade across different market conditions are so important. If you're only focusing on a specific market condition (eg. Trend Trader), then knowing how to identify when the market is in a non-trending condition is crucial to prevent yourself from making unusual decisions or taking unnecessary risks.
2. In control of the Survival Mode
- The Fight-or-Flight response refers to how humans have high tendency of making impulsive decision based on unknown fear.
- By managing the Survival Mode , you're truly able to avoid yourself from making irrational decision due to any unusual market condition, such as a sudden volatility spike.
- When you're in a deep drawdowns, ONLY think in-terms of probability and possibility . Question yourself: "If I continue trading, would it lead to a snowfall effect?" OR "If I stop trading, would it affect my long-term expectancy?"
3. Emotional-detachment
- Great traders always have a Poker face, not because they're inhuman, but because they've been humbled by the markets way too many time.
- Sharpen the ability to spot where you have a high tendency to deviate from your plan, then prevent yourself from making impulsive decisions.
- Losing traders are in the blue moon when they've got a good position running, and being extremely negative when they're having drawdowns.
- If you're overly attached to the results or outcome on any particular trades, it basically hints you that you should probably stop trading and focus on your reflective process.
4. Problem-solver
- Avoid being too harsh on yourself.
- Trading is a marathon, not a sprint. So stop excessively blaming yourself based on any particular decision, give yourself a pat in the shoulder, and ask yourself "how can i do it better next time?"
- Being positive is one huge element in becoming a successful trader. You don't want to get so beaten up until a point where you're nervous clicking the bid & ask buttons. Build up the necessary confidence to understand that you may not win this trade, but in the long-term I will always come out as a winner.
Let me know in the comment below what's your worst trading experience!
Hope all of you have a good trading week, take care and trade safe.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
NAS100 | MARKET BREAKDOWN ALERT !!!!!!WHY YOU SHOULD NEVER HAVE A ONE-SIDED INVESTMENT MENTALITY!!!
Good Day Traders,In this video we try to focus on possibilities and probabilities and why you should be aware and accepting on both scenarios happening instead of just one and keeping a clear head towards it all , managing the emotions of a volatile market demands you to get rid of the mentality of prediction and reels you in into welcoming anticipation instead.
This little tweak in your perspective can improve your performance on both long and short trades instead of just being better at one Bias than the other.
Proper preparation prevents poor performance, in this case, should your plan not work out as a probability you know you have already considered the possibility.
In this breakdown video, we look at the oversights that traders can make trading this particular asset.
End.
Sunday Opening Price Bullish Tutorial Hello Traders!
We know that these markets are not random and have an algorithmic structure to them.
Sunday Opening Price is important to keep in mind when day trading or swing trading.
Each new trading week the market will reset its oversold and overbought levels.
S.O.P (Sunday opening price) allows us to see those levels WITHOUT INDICATORS!
Anything above S.O.P is premium (overbought) and anything below is discount (oversold).
When bullish we are seeking buying opportunities under S.O.P.
Mon., Tue., and Wed is typically going to give you the low of the week.
Thursday is typically going to give you the high of the week then give a mid-week reversal.
Friday can also pose to give the high of the week or follow Thursdays reversal trend.
The same can be said when in bearish conditions, just vice versa.
The US Bond Market Explained.
You will hear many people in finance and in trading tell you that the bond market is the most important market to understand because it influences every other market in the world… particularly the US Bond market.
In this video I am going to try and explain what the Bond market is for anyone new to trading or still learning about the bond market and then I will give you a prediction of where I think the market is moving next.
All within 20 minutes because that’s the limit on TradingView videos.
I will try to keep the terminology as simple as possible and jargon free for people still learning about this market but if at all you want any further explanation on anything covered, simply drop a comment below and I will do my best to answer them all.
Basics
- Two main elements to the bond market…
1) Bond prices “Called a premium”, simply, this is the price you pay to buy a bond.
2) Bond Yields. These are how much interest you are paid on that bond and are described in percentage terms.
As with any asset price, the prices of bonds are largely determined by supply and demand forces.
Typically, investors buy more bonds (and demand goes up) when the economy is projected to perform badly because bonds are regarded as one of the safest assets in the market.
&
Investors sell more bonds when they expect the economy to do well because they want to use that money to buy riskier assets such as stocks that will provide better returns in the economic good times.
These two elements in bonds are INVERSELY CORRELATED.
So when the Bond price goes up, the yield on offer goes down.
&
when the bond prices go down, the yield goes up.
Finally the last basic point to explain for anyone new to trading or the bond market is that the duration of the bond is also important to consider when analysing the bond market.
The most common bond is the 10YR but there’s also 30YR bonds and 1YR bonds available and the duration of the bond is the amount of time that the “premium” is locked up for… after the duration the premium is then paid back to the investor.
Each of these bonds durations perform differently depending on investors sentiments.
So hopefully that has given a brief overview of what the bond market is and explained the basics of how it works.
In the video above I explain the next steps that the bond market may have including projection 10YR yields of 3% or more to come! And the potentially dangerous consequences that could have for markets.
How To Calculate Risk/Reward To Trade & Invest In Crypto MarketHi everyone:
Today I want to make this educational video on how to calculate your risk/reward in trading and investing in the cryptocurrency market.
Many newcomers in the industry are not aware of the importance of risk management. So today let's give out different examples of them on how to properly calculate the $, %, and setting the SL/TP.
This video is intended to help traders and investors to understand how to calculate the amount to risk per trade, or per investment purpose.
I will give different examples of going long and short in trading, as well as buying coins for the purpose of investment.
Doesn't matter what crypto broker exchange you use, this calculation/formula will work, you will just need to do some simple math to get to the right numbers.
Example 1:
Want to go long on BTC in a trade
Scenario:
Trading Account $12,000
Risk 1% of your trading account
Want to go long on BTC when price hits $70,000
You want the Stop Loss @$66,000,
and a TP @ $80,000
Calculation:
Calculate your 1% of the trading account:
$12,000 Account x 0.01 $120 per trade
Divide the $ you willing to risk to the SL amount
$120 / $4000 = 0.03
Set your entry order or market order
for 0.03 BTC @ $70,000 price
0.03 x $70,000 = $2,100
(This is the amount you will need in your trading account
to execute this position.
If you have leverage then its less $ needed)
Set your SL at $66,000
If price hits your SL, your order would be
0.03 BTC x $66,000 = $1,980
$2,100 - 1,980 = $120 = 1% of your account
Set your TP at $80,000
If price hits your TP, your order would be
0.03 BTC x $80,000 = $2,400
$2,400 - $2,100 = $300 = 2.5% of your account
Example 2:
Want to go long on ADA in a trade
Scenario:
Trading Account $800
Risk 1% of your trading account
Want to go long on ADA when price hits $2.30
You want the Stop Loss @1.70
Calculation:
Calculate your 1% of the trading account:
$800 Account x 0.01 = $8 per trade
Divide the $ you willing to risk to the SL
$8 / $0.60 = 13.34
Set your entry order or market order
for 13.34 ADA @ 2.30 price
13.34 x 2.30 = $30.68
(This is the amount you will need in your trading account
to execute this position.
If you have leverage then its less $ needed)
Set your SL at $1.70
If price hits your SL, your order would be
13.34 ADA x $1.70 = $22.68
$30.68 - $22.68 = $8 = 1% of your account
Set your TP at $4.00
If price hits your TP, your order would be
13.34 ADA x $4.00 = $53.36
$53.36 - $30.68 = $22.68 = 2.83% of your account
Example 3:
Want to go short on TRX in a trade
Scenario:
Trading Account $54,000
Risk 1.5% of your trading account
Want to go short on TRX when price hits $0.11
You want the Stop Loss @ $0.13
Calculation:
Calculate your 1.5% of the trading account:
$54,000 Account x 0.0150 = $810 per trade
Divide the $ you willing to risk to the SL
$810 / $0.02 = 40,500
Set your entry order or market order
for 40,500 TRX @ 0.11 price
40,500 x 0.11 = $4,455
(This is the amount you will need in your trading account
to execute this position.
If you have leverage then its less $ needed)
Set your SL at $0.13
If price hits your SL, your order would be
40,500 TRX x $0.13 = 5,265
$5265 - $4455 = $810 = 1.5% of your account
Set your TP at $0.07
If price hits your TP, your order would be
40,500 TRX x $0.07 = $2,835
$4,455 - $2,835 = $1,620 = 2% of your account
Example 4:
Want to buy ETH to hold for long term as investment
Scenario:
Investing Account $20,000
Risk 10% of your investing account
Want to buy ETH to hold for long terms
Want to enter when price hits $4,900
Calculation:
Calculate your 10% of the investing account:
$20,000 Account x 0.10 = $2,000 per investment
Divide the $ you willing to risk to the price you want to enter
$2,000 / $4,900 = 0.4082
Set your entry order or market order
for 0.4082 ETH @ $4,900 price
0.4082 x $4,900 = $2000
(This is the amount you will need in your investing account
to execute this buy.)
You want to lose no more than 25% of your original $2,000 investment.
$2,000 x 0.75 = $1,500
$1,500 / 0.4082 = $3,674.67
Set your alert and SL at $3,674.67
If price hits your alert/SL, your order would be
0.4082 ETH x $3,674.679 = $1500
$2,000 - $1500 = $500 = 25% of $2,000
You want to gain about 50% of your original investment before selling.
$2,000 x 1.50 = $3,000
$3,000 / 0.4082 = $7,349.34
Set your alert and TP at $7,349.34
If price hits your TP, your order would be
0.4082 ETH x $7,349.34 = 3,000.00
$3,000 - $2,000 = $1,000 = 50% of $2,000
Example 5:
Want to buy MATIC to hold for long term as investment
Scenario:
Investing Account $1,500
Risk 20% of your investing account
Want to buy MATIC to hold for long terms
Want to enter when price hits $2.25
Calculation:
Calculate your 20% of the investing account:
$1,500 Account x 0.20 = $300 per investment
Divide the $ you willing to risk to the price you want to enter
$300 / $2.25 = 133.34 MATIC
Set your entry order or market order
for 133.34 MATIC @ $2.25 price
133.34 x $2.25 = $300
(This is the amount you will need in your investing account
to execute this buy.)
You want to lose no more than 50% of your original $300 investment.
$300 x 0.50 = $150
$150 / 133.34 = $1.1249
Set your alert and SL at $1.1249
If price hits your alert/SL, your order would be
133.34 MATIC x $1.1249 = $149.99
$300 - $149.99 = $150.01 = 50% of $300
You want to gain about 75% of your original investment before selling.
$300 x 1.75 = $525
$525/133.34 = $3.9373
Set your alert and TP at $3.9373
If price hits your TP, your order would be
133.34 MATIC x $3.9373 = $525
525 - $300 = $225 = 75% of $300
Any questions, comments and feedback welcome to let me know.
If you like more of these contents, like, subscribe/follow and comment for me to keep doing them. :)
Jojo
How to trade levels? How to play price? How I made 30x in 2 yrs!In this video:
I draw out a hypothetical initial investment.
I should how you can multiply your net profit by trading out and back in along the way to your final projected target.
This video is all about trading levels, a strategy I have developed from years of experience that has helped my to multiply my crypto profits exponentially.
I have 30x'ed my initial cash reserves over the period of 2 years.
I think you can too. I am going to show you how I did this.
Trading Success Isn't As Smooth As You Imagined!Hi traders, here we are on another workshop. In this workshop, I will be elaborating my personal trading journey with my sincerest opinion. Here are 5 stages you will go through becoming a Consistently Profitable trader
Phase 1 - Constantly losing big
• This phase is where your trading journey begin. You're filled with passion, your subconscious & conscious mind are blinded by the imagination of trading success.
• You believed that trading isn't that difficult, and you're one of the top 10% that will achieve consistent profitability within a short period of time. Most of my students and members approached me during their first year of trading, fueled with passion, and thought that they should be achieving their trading goals with limited effort. But the ugly truth is, 80% - 90% of them got smashed by the markets pretty harsh, and left trading later on.
• You have no idea what you're doing, you have little to no knowledge and experience.
- If this is you, what you should be doing now, is to absorb information like a sponge and keep striving.
Phase 2 - Losing less
• This is when you come to a realization that you're no different than most of the traders. You're probably scared by the markets, you begin stepping back a little bit.
• You realized if you keep doing what you're currently doing, it's just the matter of time you will blow up more accounts again, and again. You clearly know what you're not supposed to do and what you're supposed to do, but with a
lack of direction. You absorb everything and you test out whatever information you received. You jumped from strategy to strategy, courses to courses, and webinars to webinars.
- If this is you, you should be focusing on identifying your strength & weakness, and stop confusing yourself with overloaded information. Spend more time on reading yourself, and admit your mistakes.
Phase 3 - Breakeven
• Most traders at this stage have a clear goal and understand what they're doing wrong. But most of them have no clear direction and resources on where and how to begin with.
• You probably have a proper trading plan, money management skill, and a healthy mindset, but you just need guidance.
- If this is you, I'd suggest you to find mentorship to fast-pace your learning curve. List out all your strategies to examine which one works best by reviewing your journal.
Phase 4 - Inconsistent wins
• If you're able to achieve this phase, you are one of the very top traders.
• Traders at this stage should have a proper trading plan, a specific trading system/ style, with an unbeatable mindset. Remember to NEVER distract yourself again with excess information.
- If this is you, you should be working on refinement and improvement. Focus on the details such as the probability of success on each setup, breaking them down into various parts, such as entry timing, effective Trade Management
(Scale-in & Scale-Out), exits, etc...
- If you are at this stage, remember to NEVER distract yourself again with excess information. Focus.
Phase 5 - Consistently profitable
• Successful traders 'dance' with the market. Trading has become a systematic process with little to no emotion attached.
- What you need to do now, is to focus on scaling up your trading size. You can either compound your account slowly, or start building a solid track records and start finding potential investors. Good traders always trade big, because the ultimate goal of trading is to make money.
Do not have the misperception that once you've reached the consistently profitable phase, you should be making a lot of money. Good traders are those who never deviate from their trading plan, with consistency and full of motivation. It's always fine to step back a little bit, as long as you're progressing.
Comment down below where are you at in your trading journey!
Do not forget to like if you enjoy the sharing. Trade safe and take care.
Skill VS Luck - Becoming a Consistently Profitable TraderHi traders, here we are on another workshop. Today I'll be sharing some of the points on differentiating skill or luck trading. Majority of the traders have absolutely no clue on are they doing the right things or not? Here's a few key points:
Skill
1. Winners and Losers
- If you are a skilled trader, you're someone who understand the probable and possible in trading. There's no guarantee on any single trade whether it's a winner or loser. Remember, the short-term outcome in trading is completely random, what's more important is to come out being profitable in the long-term. Never judge your performance based on the short-term outcome, think long-term.
2. Good Risk Management
- Good traders always have effective risk management in place. Not any single trade is able cause damage on their capital, and they truly understand how to detach themselves from negative emotions.
3. Repeatable
- Good traders have a repeatable process, that allows them to tackle the market in the same way every single day.
4. Proper Planning
- Good traders rarely deviate from their initial plan, as they understand that a planned trade is a good trade regardless of the outcome. Any trade taken out of impulsive behaviour, is considered a bad trade regardless of the outcome.
5. Consistency
- Good traders have a set of routine and action plan. To achieve consistent results, you must have a consistent performance.
6. Execution
- Good traders have little to no hesitation when it comes to executing their trades. They execute their plan without second guessing or doubt.
Luck
1. No loser
- Most gurus' or lucky traders would promote themselves having 80% - 90% strike rates, which could never happen in reality. The only way you can achieve such a high win rate is to have a Profit Factor of less than 1. In fact, most of the best traders out there have a strike rate of 40-50%.
2. Excessive Risk Exposure
- Losing traders have no idea how to isolate themselves from a bad state of mind. They're constantly putting up a lot of risk on the table regardless of having no clue on what's going on in the markets. The sense of urgency is rushing them on taking unnecessary risk.
3. Unrepeatable
- Losing traders constantly take trades out of their trading plan, which is not duplicable. If you're taking trades that is unrepeatable, most likely it's a lucky trade and you shouldn't be happy about it even if it turns out to be a winning position.
4. Impulsive Behaviour
- Losing traders deviate from their initial plan due to uncontrolled emotion. They're taking trades they're not supposed to take, then regrets later on.
5. No routine
- Losing traders have no daily routine. They're always blind firing all over any 'seems' profitable position. Most of them possess of potential over-trading habits.
6. Hope & Praying
- Losing traders are constantly looking for the 'best trade' that'd give them an enormous return. Most of them have no trading plan and proper Risk Management in place, causing them to experience an emotional rollercoaster on any particular position when it gets out of hand.
"Chains of habit are too light to be felt until they are too heavy to be broken." - Warren Buffett
Let me know in the comment below what's your worst trading nightmare!
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trading Double Tops And Bottoms… Variations Alright... In this video, I speak on the double tops and bottom variations.
You know what? ... Since this topic is hardly ever spoken about---You might want to pay keen attention.
Learn the types and spot the difference.
Leave a like, comment, and follow---To show your appreciation.
Learn To Trade Technical Analysis Hammer & Shooting StarHey Traders today I wanted to go over what I believe is one of the best ways to trade any market with Japanese Candlesticks using hammers and shooting stars. Normally you want the wick of the candle to be at least twice the size of the body of the candle. Alot of times they can lead to explosive moves in the markets. So lets dive in and see how to use this powerful technique in your trading arsenal.
Enjoy!
Trade Well,
Clifford