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Mastering Trading Psychology: Overcoming Failures and Embracing Hello, friends! I'd like to discuss with you the situation of our failures in trading. What causes them and what to do about them in the future: 1) Traders that go into the market don't accept the risk they are putting on when they get into a trade. Traders who trade based on their PnL and not their strategies. Traders who are afraid to take a loss and see red in their account or their positions. When you trade from a place of fear(losing money), and not from a risk standpoint, your mind will mess with you, and it will destroy the psychology that is needed to become profitable. 2) Fear-based traders worry about their PnL more than the actual trading setups that are presented to them. They base their decisions on emotions and are the type that end up chasing moves from FOMO, whether it's long or short. They hold losers too long hoping they turn around because they're fearful that if they cut the trade, it will turn in their direction. They chase moves out of FEAR that they'll miss the move. 3) A risk-minded trader understands that they will inevitably be wrong at times and take losing trades. They respect when they're wrong and cut the position. No fear about it. Purely risk management and understanding you are not correct 100% of the time. Now, let's move on to the conclusion: You can't win or lose a trade; your task is to run a marathon. And that is the MAIN RULE! Let's talk about books now. Numerous books are available, and I select the ones I consider the best. Reminiscences of a Stock Operator by Edwin Lefevre. 100 years old this year and an absolute classic Dynamic hedging by Taleb One Good Trade: Mike Bellafiore It's a good book for beginners, emphasizing discipline, and risk management and vibe of trading journey. That's the end of this story, traders. I would like to read in the comments below your thoughts and ideas! Let's keep charting!
Education
by Ingwina
CELO/USDT is Preparing For a Bullish Momentum💎Yello Paradisers, tune in for a quick rundown on CELOUSDT! The asset has recently made a return to its demand zone and appears primed for an upward swing. 💎 A couple of days back, we pinpointed the 0.536 level as a crucial turning point. So far, the price has been holding steady at this juncture. Yet, given the current market volatility, it's wise to tread carefully. 💎 If the price loses its grip within the demand zone, view this as an optimal chance to take a short position down to the invalidation level. 💎 Stay sharp and trade wisely!
Long
by MyCryptoParadise_Simon
PERPUSDT bullish ride?💎🐂 PERP Today Analysis💎 It's primed for an impressive move as it has nicely tapped the Order Block (OB) and initiated a bullish surge. 💎 Upon deep analysis, we notice that the previous demand turned into supply, causing a downward price movement. The presence of liquidity is the driving force behind this move. 💎 The first bounce saw a price rejection, but the second bounce was weaker despite the rejection, leading to a downward move. 💎 Given the clear imbalance, liquidity, and bearish OB above, we expect the price to reach this level to mitigate this OB. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
1
HBAR/USDT bullish MOVE!! 👀 Hedera Hashgraph Today Analysis💎 HBARUSDT is primed for a bullish trajectory, as it's maintaining a strong hold above the EMA 21, setting a bullish tone. 💎 Another factor bolstering the bullish outlook is the presence of a Demand Zone, which is expected to further fuel the upward move. Above this demand zone, we have a Bullish OB confirmed on a smaller timeframe, and the price is expected to retest this level. 💎 At the supply zone, there's an unmitigated OB. The price could potentially rise all the way up to mitigate this level before deciding on the next move. 💎 However, if the price enters the invalidation zone and breaks below it, we could see a downward move. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
4
OGN/USDT explosive upward journey? 👀 🚀 Origin Protocol 💎Paradisers, take note! #OGNUSDT is currently in a demand zone and appears poised for a bullish ascent👀 💎 Over the past few days, #OGN been trading within a specific range. It previously faced resistance at a short-term bearish order block around the $0.0834 level. Now, with renewed upward momentum, it's likely to challenge that resistance once more. 💎 Keep an eye on the supply zone and bearish order block confirmed on higher time frames the price is expected to address these levels soon. Should the price break below the demand zone and key support, be prepared for a potential -7.18% drop. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
2
SSV Ready to Go For Another Bull RUN? SSV Analysis Today 💎Paradisers, focus on SSV/USDT! The asset is currently navigating above a well-defined trading range and appears poised for a possible upward breakout. 💎If this breakout unfolds as we expect, we might see another bull rally to the mentioned levels. 💎It's crucial to highlight the two verified order blocks in the shorter timeframe. These zones are probable targets for the price, given the existing liquidity. 💎Reflecting on past trends, we've seen a transition from demand to supply, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-changing crypto landscape, staying vigilant and adaptable is key. Keep your charts refreshed and stay tuned for more updates!
Long
by MyCryptoParadise_Simon
1
NEO/USDT prepare for bullish move? 👀 🚀 NEO Today AnalysisParadisers, gear up for an exciting opportunity with NEOUSDT! After touching a bullish Order Block, it's primed for a dynamic upward surge👀 💎 In the wake of recent market volatility, NEO experienced a significant drop but has since regained its bullish momentum. 💎 There's a Bearish Order Block above that the price has already tapped once. We're optimistic that it will revisit this level, given the remaining liquidity. 💎However, if the price breaks through the demand zone, consider a short entry to capitalize on the situation. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
KDA Getting Ready For Bullish Surge? Kadena Today Analysis 💎Yello, Paradisers, get ready for action! KDA/USDT is teetering on the edge of a bullish breakout, poised to escape its downward channel and kickstart an upward journey. 💎Recently, Kadena (KDA) has been gravitating around a crucial support area. With trading volume on the rise, we're optimistic about a forthcoming bullish swing. 💎After initially setting equal highs, the price took a notable nosedive, signaling a shift in market sentiment and prolonging its bearish course. 💎However, bullish indicators are starting to resurface, and we expect the KDA to aim for the looming supply zone soon. 💎A word of caution, If the price breaks below the support amid market fluctuations, gear up for a potential bearish continuation. 💎Stay tuned for more real-time updates and trading insights!
Long
by MyCryptoParadise_Simon
FXS/USDT Planning for a Possible Rally | FXS Analysis 💎 Paradisers, brace yourselves! FXS/USDT seems poised for a bullish breakout, potentially tearing away from its downward trajectory to spark a notable ascent. 💎 Recently, this asset has been lingering near a crucial support threshold. With an uptick in trading volume, we're optimistic about a forthcoming bullish transition. 💎 After marking consistent highs, the price underwent a marked decline, signaling a shift in market sentiment and prolonging its bearish journey. 💎 However, bullish indicators are starting to resurface, and we project the price will soon approach the looming supply zone. 💎 A word of caution: If the price plunges beneath the support amidst market unpredictability, gear up for a potential bearish swing. 💎 Stay engaged for further insights!
Long
by MyCryptoParadise_Simon
PERL is Getting Ready For a Potential Upward Move💎Yello Paradisers, fasten your seatbelts! PERL/USDT is on the cusp of a bullish surge, potentially breaking free from its descending trendline to ignite an upward rally. 💎Lately, the asset has been hovering around a pivotal support zone. Coupled with a rise in trading volume, we're bullish about an imminent upward shift. 💎After initially establishing equal highs, the price experienced a significant downturn, indicating a change in market dynamics and extending its bearish path. 💎Nevertheless, signs of bullish momentum are re-emerging, and we anticipate the price will target the overhead supply zone shortly. 💎Heads up: If the PERL dips below the support level in the face of market volatility, be prepared for a possible bearish turn. 💎Stay in the loop for more exciting updates and Analysis! 🌟
PLong
by MyCryptoParadise_Simon
SHIB/USDT planning bullish ride? 👀 🚀 Shiba Inu Today AnalysisParadisers, pay attention! Let's delve into the enigmatic rise of SHIBUSDT, currently situated in a demand zone and primed for a potential bullish surge👀 💎 We've recently noticed that it hit a specific resistance level at 0.00000856 and faced rejection from an overhead supply area. Interestingly, it's once again approaching this same resistance level. 💎 Given the presence of an unaddressed supply zone, it's highly likely that the price will break through this resistance and reach higher OB levels soon. 💎 However, keep an eye on the invalidation zone; if the price dips below 0.00000635, consider a short entry to capitalize on the downward movement. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
BLUR/USDT Bullish Rally 👀 🚀 BlurToday analysisParadisers, take note! BLURUSDT is finally poised for an intriguing move, currently trading in a demand zone and showing signs of upward momentum👀 💎 Interestingly, while the price of Blur has been trending downward, the MACD indicator is pointing upwards, signaling a bullish divergence and hinting at a potential upward shift. 💎 Above, there's a well-defined supply zone and an unaddressed bearish price level. We anticipate that the price will likely reach this zone soon. 💎 However, keep a close watch on the .1816 key support level. If the price breaks below this, BlurUSDT could present an excellent shorting opportunity, potentially dropping to .1512. Keep your charts updated and stay tuned for more insights! 🌴
Long
by MyCryptoParadise_Simon
LEVER/USDT Ready For Bullish Movement? LeverFi Analysis💎Yello Paradisers, need your attention! LEVER/USDT is currently maneuvering within a trading zone, laying the groundwork for a likely bullish surge. 💎A handful of days ago, it skillfully engaged with a bearish Order Block (OB), setting off on a downward path to tackle the bullish OB and secure buying liquidity. 💎If the price maintains its existing drive, it's set to aim for the supply zone above. However, let's not lose sight of the constant market fluctuations that could sway the price. 💎We're optimistic about the chances of the price revisiting the supply zone, given the residual liquidity. 💎Keep your charts updated and stay tuned for more insights! 🌴
Long
by MyCryptoParadise_Simon
VELA/USDT explosive bullish move? 👀 🚀 Vela Today analysisParadisers, gear up for an exhilarating opportunity! #VELAUSDT appears primed for a bullish breakout, potentially shattering its downward trendline to fuel further upward momentum👀 💎 Recently, #VELA has been consolidating around a key support level. With increasing volume, we're optimistic about a bullish shift in the near future. 💎 After initially setting equal highs, the price took a notable dip, signaling a change in character and furthering its downward trajectory. However, bullish momentum seems to be making a comeback, and we expect the price to address the supply zone soon. 💎 Keep an eye out: if the price breaks below the support level amid market uncertainty, a downward move could be on the horizon. Stay tuned for more insights! 🌟
Long
by MyCryptoParadise_Simon
REEF/USDT Potential Bullish Move? REEF Analysis Today 💎Paradisers, heads up! REEFUSDT is on the move, having recently emerged from a triangle channel and now cruising within a demand zone. We're optimistic about a potential bullish climb. 💎In recent days, REEF has been confined to a particular bracket. Earlier, it encountered a ceiling at the bearish order block near the $0.001404 mark. With its current upward drive, it seems poised to test that barrier again. 💎Be watchful of the supply zone and the bearish order block identified on extended time frames; these are likely targets in the near term. 💎If, however, the REEF dips beneath the demand zone and crucial support, brace for a possible descent. 💎Stay sharp and stay tuned for further insights! 🌴
RLong
by MyCryptoParadise_Simon
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge. 💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory. 💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone. 💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario. 💎Stay tuned for more strategic trading insights from us! 🌴
Long
by MyCryptoParadise_Simon
RUNE/USDT is Ready For a Potential Correction | RUNE Analysis💎Paradisers, turn your attention to RUNE/USDT. Currently, it's meandering within a falling channel, and we're on high alert for a possible downward breakout in the near future. 💎If this breakout unfolds as we expect, prepare for a swift corrective movement. 💎It's important to highlight the two verified order blocks in the shorter time frame. These zones are probable targets for the THORChain (RUNE), considering the liquidity present there. 💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB). 💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates! 🌴
Short
by MyCryptoParadise_Simon
AXS/USDT Bullish Move Ahead? | AXS Analysis Today💎 Yello Paradisers! Strap in for a thrilling ride with AXSUSDT. It's currently nestled in a demand zone and is primed for a bullish ascent. 💎 At this moment, the asset is maintaining a pivotal support level and oscillating within a defined range. It has encountered some headwinds in the form of a bearish order block within this zone. 💎 The momentum is gathering steam, and there's a high likelihood that the price will shatter the order block to reach new heights. 💎On the flip side, if sellers gain the upper hand and the price dips below the support, it could open up an excellent shorting opportunity. 💎 Stay engaged for more savvy trading insights!
Long
by MyCryptoParadise_Simon