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The 2 Types of Trading Mindsets!Hello Traders! Here I have identified the 2 different mindsets you can having when trading forex, crypto, indices and stocks. These are the challenges I have had to face in my trading career to become as profitable as I am today! The main reasons for failing to make profit while trading is because of the 99% mindset most people have. Many reasons for failing to take good trades are due to the impatience and the lack of discipline within yourself. One key issue I have learned over my trading career is a trading plan in critical! Failure to prepare = Preparing to fail. With a solid trading plan you will never feel emotional or lack of confidence when taking a trade as you will have strict rules you always follow. Removing this emotional fear of loosing money or failing to reach you take profit will help you out win the long term as you never feel that pressure and is one of the biggest reasons a trader fails to trade and sustain consistent profit. The 1% mindset is the prime mindset you want to have and sustain while trading. Manging you mind and following strict rules is how people become millionaires from trading. Rather than being reactive to the market conditions be proactive and be prepared for any scenario! Thanks for taking the time to expand your knowledge! Check out my other ideas below!
OANDA:XAUUSDEducation
by Pips-Collector
2
Trade Review: How I Traded $PINS, $ZM, $CRWD, $UNH, $SPCE W/ EntIn this video I will reviewing trades I took on September 2-3, 2021 going full in depth explaining how I traded : $PINS, $ZM, $CRWD, $UNH, $SPCE showing you guys my entries how I put it together with other confluences such as support and resistance. Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Inside Bars, Channels , Emma's, Opening Range Breakout and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NYSE:PINSEducation
by Raulf-m
1
Smart Money CONCEPTS - Can you relate?Here is an overview of (to me) why support and resistance don't work (at a successful enough rate). If you feel like this is the case be honest with yourself. And maybe try something new. please remember the 90 90 90 rule!!! 90% of traders Lose 90% of their account In the first 90days Have a little think as to why? For the majority of newbie traders that enter the market.. the first thing they are taught to understand? Support and Resistance, Trendlines, Fibonacci (does work if used correctly) So just be mindful of what the banks are doing and understand from their perspective that if they know the MAJORITY trade Support and Resistance... Don't you think they know where the majority of the people stop losses are going to be? ... Any questions feel free to ask
Education
by BenFxLDN
18
ZEN: PATTERNS FAIL TOO!Dear Traders, Today I would like to share my personal thoughts with you in hopes to contribute to the trading community. When I was a novice trader, I used to trust patterns blindly, like they're sent by God! But I learned that the market SOMETIMES works according to patterns. Patterns are merely guides that help us explore possibilities. To make decisions, we need to take into account a variety of factors including the context, the CRYPTO TOTAL MARKET CAP, and BTC.D/ALTS.D. The context always matters. Whether the market as a whole is struggling, improving, or stagnating can tell us a great deal about what we should do. Sometimes you notice a bullish pattern, but you feel a certain degree of unease to have an active trade in the market. That's when you should slam on the brakes and keep a cool head. The CRYPTO TOTAL MARKET CAP can tell us what the atmosphere is like in the market. Even if you spot a bullish pattern, if the TOTAL Criterion spells bleeding, you should think twice before entering a trade. BTC.D in relation to ALTS.D and ETH.D could help us make decisions if we know how they correlate. Funding rates could as well help your decision-making. When they skyrocket, greed abounds in the market, and the market will have to cool its jets to sustain its health. All in all, what I have learned is that a pattern is not a forceful indicator of what's to come. Patterns work fine when you consider the above-mentioned factors and wait for confirmations to execute your trades. ZEN might have tricked some with its wicks below the floor of the rising wedge, which is a bearish sign. Add to the mix a MACD that was going to showcase a bearish cross. If you have jumped the gun, you must be in a difficult situation now. However, you can look back on this as a learning curve passed. I wish you the best and all the luck in the world. Take care! P.S: I'm no expert and this is my bit I thought I could put out to help. Certainly, there are genuine experts out there you could truly learn from. Thank you for your support and attention.
by Djawad_Afsharirad
6
BITCOIN IN PERSPECTIVE How many times have you heard that bitcoin is very expensive? How many times have you heard that Bitcoin is a Ponzi scheme? PERSPECTIVE. That is what is needed to combat some of the myths that surround this cryptocurrency, which will probably take part in the digital economy. Regarding the first question, is $1T too much capitalization for a finite, decentralized and immutable asset, which could gradually update our entire economy? I do not think so. Could a Ponzi scheme hold 1% of all global currency for more than a decade? I do not think so. So is Bitcoin too expensive from a macroeconomic perspective? I do not think so. Before you buy Bitcoin. What are your reasons? A decision without a plan is guided by emotions. Profitability and emotions don't get along very well. Perspective. See you later.
COINBASE:BTCUSDEducation
by CryptoAlkaline
8PAY all day 🔥*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== I like this one. At the time of charting this it ranks #1603 on coinmarketcap with market cap $1.66M. One to watch. For now, a small hold bag and staying bullish. **definitely watch this space IMO** Using naked price action analysis: 🔸 ATH , Volume, Fib 🔸 For Trading: Suggested Entry, SL & Exit points are my theory only. 🔸 For Holding: Since this is a hold strategy / bag-set-and-forget strategy, I will DCA along the way, so any entry is a good entry. As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice. Good chat.🤖
WLong
by CryptoZani
4
Sell zone on EURUSD Right now we're looking at two options on EURUSD. Both of them for short trades. The first one and the most likely one, includes another push up today, price creating a higher high and entering the reversal zone. In this case we will make our entry only when we get a candlestick confirmation, such as long wicks or an engulfing candle. All sell ideas are off if price breaks above 1,1910! That's also the level where our SL will be. Tomorrow we've got the NFP and it's very likely to see some big moves. The second option is to see price breaking below previous low straight away. This will confirm that the upside move has now ended, therefore we will be able to look for short positions. On both setups we will be expecting a move down to 1,1670!
Short
by ForexTrendline
28
Trade Review:Tuesdays & Wednesdays : $SBUX, $AAPL, $M,$TLRY,$ETSIn this video I will reviewing trades I took on August 31, 2021, and September 1, 2021 going full in depth explaining how I traded : $SBUX, $AAPL, $M,$TLRY,$ETSY, $QQQ,$RBLX as well explaining the sets up I posted on twitter some that netted sick returns!!! Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NASDAQ:MRNA
by Raulf-m
SNXUSDT Adam & Eve Double BottomsAdam & Eve Bottoms SNXUSDT has formed Adam &Eve double bottoms as seen in the chart. Left Bottom which is in slightly curve shape like V forms Adam because this slightly curve shape shows only Wicks of candlesticks whereas their bodies are above to that point and formed a V shape Which indicates Adam because in Adam bottom only wicks of candlesticks reaches to a certain levels or zones whereas their bodies are present above as shown in pattern at 11.114 . Now, if we talk about right bottom as shown in the chart then candlesticks has formed Eve bottom because Eve bottom is formed in curve shape such as U shape but not U where most of the candlesticks are present with their bodies somewhere at the same levels or zones of Adam bottom. After forming a curve like U shape indicates a trend reversal from bearish to bullish. When both bottoms are formed then we check the previous price action from where rejection was faced and results in double bottom and draw a trend line at that point which is called as Resistance as shown in chart at point 12.329.Now just wait for the breakout and retesting as shown in chart because double bottom indicates bullish trend. After retesting its resistance will be its support level and we will open our trades where their are different points for TPs. TP points 13.276 13.827 14.335
by Ahmed_51
S&P 500 CRASH ? 53rd record close level for the S&P in 2021 The S&P and NASDAQ closed higher and at record levels again. The Dow industrial average fell modestly. Highlights include: S&P and NASDAQ up for the seventh day in the last eight S&P closes at a record level for the 53rd day NASDAQ in 2021 NASDAQ index closes at a record level for the 32nd in 2021 Advances on the New York Stock Exchange total 1406. Declines total 1885. Unchanged 203 major indices are on track for monthly gains S&P on track for the best month since April with one more day to go The final numbers are showing: Dow industrial average felt -55.9 points or -0.16% at 35399.90 S&P index rose 19.39 points or 0.43% at 4528.76. The new intraday high reached 4537.80. NASDAQ index rose 136.39 points or 0.90% at 15265.89. The new intraday high reached 15288.10 Russell 2000 index fell 11.16 points or -0.49% at 2265.99 Nine of 11 S&P sectors were higher led by: Real estate, +1.2% Technology, +1.1% Consumer discretionary +0.92% Communication +0.74% Declining sectors were led by: Financials -1.47% Energy -1.16% Materials -0.17% Industrials -0.15%
UShort
by globalsymmetrygroup
How to Use Fibonacci Retracement ? hello traders , today i'll talk abouut my favourite tools the Fibonacci retracement tool is extremely useful and it help us to find the strong resistance and support area ( 0.618) . How to use it : Drawing Fibonacci retracement levels is a simple three-step process : In an uptrend: Step 1 – Identify the direction of the market: uptrend Step 2 – Attach the Fibonacci retracement tool on the bottom and drag it to the right, all the way to the top Step 3 – Monitor the three potential support levels: 0.236, 0.382 and 0.618 In a downtrend: Step 1 - Identify the direction of the market: downtrend Step 2 -Attach the Fibonacci retracement tool on the top and drag it to the right, all the way to the bottom Step 3 Monitor the three potential resistance levels: 0.236, 0.382 and 0.618 In the next post, I will explain more about The golden ratio and how to use it in entering and exit . for more educational ideas , signals and analysis follow us .
by Diamond_Chart
5
XDCUSDT on the daily 🍒*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== This one is worth watching and holding, good fundamentals. XinFin is a 3rd Generation blockchain network, with a mission to boost automation and transparency in trade asset and risk distribution. Already a number of leading banks are engaging this blockchain company. The XDC network rivals BTC and ETH on speed/transactions per second, gas fees and energy consumption. **definitely watch this space IMO** Using naked price action analysis: 🔸 Flag formation, ATH, Volume 🔸 For Trading: Suggested Entry, SL & Exit points are theories only. ** IMO this is gearing for another leg up after this pullback which is expected. Suggest waiting for the retest/confirmation of reversal before entering. 🔸 For Holding: Since this is in my long-term hold, I will DCA along the way, so any entry is a good entry. As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice. Good chat.🤖
Long
by CryptoZani
MXWUSDT on the hourly 🍑*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only* ========================================================== Found this one recently for a trading strategy for me (not HOLD). Using naked price action analysis: 🔸 Descending wedge (bullish) 🔸 Entered at 0.03, will exit near Fib 0.618. IMO this is gearing for another leg up, but watch for the pullback afterwards as expected. As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC. This is not Financial Advice. Good chat.🤖
MLong
by CryptoZani
20
Trade Review: How I Traded $NFLX, $BBIG, $ TSM, $WISH,+ LOTTO FRIn this video I will reviewing trades I took on August 27, 2021 going full in depth explaining how I traded $NFLX, $BBIG, $ TSM, $WISH Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Want to see more content like this? Make sure to Like and Subscribe!
NASDAQ:PTONEducation
by Raulf-m