Are you revenge trading 😖🤔Revenge trading!
It all catches us all out at some point in our trading journey's.
The markets don't care about your loss and neither should you!
Losses are a part of trading and have to be accepted.
No one can be right 100% of the time regardless of method used.
Revenge trading will add to those losses and compound that account draw down even more.
Irrational emotions have no place in trading and they are what lead to revenge trading.
The way to eradicate this issue is by going about your trading a logical manner.
First off is build or use a strategy with a known proven edge.
Second is follow that strategy to the letter and only enter trades when all your parameters/confluences are met.
The markets take from the impatient and give to the patient ones.
The example I am using on chart is using a trend following strategy of our own.
This strategy is a good win percentage and I know that as the built in strategy tester shows me all the stats.
As always the report box is at the bottom of the idea showing those very stats.
A 61% win rate means losers still happen and as you will see on the chart the buy trade hit stop loss before price went on an upward trend.
The old trader in me would of been pouring over this chart trying to guess which way will it go?
What should I do enter a long again? That would of paid of in this instance but not the logical thing to have done it would of been luck and luck only.
Who knows with emotions at play would I of had a thought the price was going to head down? Then place a sell order?
Luckily I didn't have to make any of those choices with emotions at play.
I accepted the loss on the fact I know I'm trading a proven strategy and I simply waited for the next trade alert and let probability play out.
The next trade was a short that found it's intended take profit target.
This process is more simpler for those who are using a mechanical trading system like the one on chart.
But regardless of system or approach in use if you are following the trading plan to the letter revenge trading shouldn't occur.
Find an edge, apply that edge, stick to the proven plan and revenge trading won't be your issue.
Instead you'll be one of the patient ones that the market is giving to 👌👍
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
Educational
price action patterns you need to know ( part 6 ) hi my friends ,
i'll share with you some patterns which can help you in trading ( part 6 )
Ascending Channel Pattern is a continuation pattern appear in the pullback and after the breakout of the Channel that will be a good signal to go long again ( bull )
Descending Channel Pattern is a continuation pattern appear in the pullback and after the breakout of the Channel that will be a good signal to go short again . ( bear )
note : note : both of them ar continuation patterns .
please support me with like and follow me for more ideas .
Sol most Bullish Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
This is your host k9100............................ back at your service
Mark these level Guys we might see history in making super bullish on Solana what a wonderful ecosystem sol to the moon
Red Resistance zones
Green support or buy zone
buy along yellow trend line if you miss the opportunity
Always buy after sure brake out or after retest of the support zone don't chase the brake out
watch out for bull traps liquidity trap, in short we might not see this as smooth as this chart is
Next resistance zone we are heading is ATH buy only after conform brake out (3-4) hour candles or retest of ATH
sol will lead this Alt season..........
Hit like support the work
................................................................................................................................... ................................. har har mahadev
gala need to burn there supply Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Here we are back on Gala Next axie infinity........
Congratulation to those who bought the dip .................
This is your host k9100............................ back at your service
Gala Looks bullish to me, we need volume in the next few days, it breaks the falling wedge and symmetrical triangle we need big volume or Gala community has to burn their token supply
SHIBA - on the daily update 🚨 🐾NOT FINANCIAL ADVICE: This idea IMO for personal use only
====================================================
My position here has not changed. Still bullish AF.
🚨 To all the crying newbies complaining about this pull back from a tweet: PLEASE EDUCATE YOURSELF IN CRYPTO MARKETS AND CHARTING. IT'S NORMAL FOR RETRACEMENTS/PULLBACKS AFTER EVERY RALLY!! IN FACT, IT'S HEALTHY FOR SUSTAINED GROWTH 🚨
We had an incredibly bullish green day yesterday 24th Oct, it's NOT surprising that there is a pullback today to recover from the huge rally yesterday. If you are panicking or complaining about this healthy pullback, then perhaps you should EXIT, THIS IS NOT FOR YOU.
*If in doubt, zoom out, we are still on track for the bigger picture IMO**
❇️ If you are a HODLER: you should not care about what happens in the day-to-day (Micro view). Just Zoom out and watch on the Daily / Weekly view. Because the bigger picture should be your focus.
❇️ If you are a TRADER: don't forget to set your stop losses, take profits along the way according to your risk management appetite.
At the time of charting this, it ranks #13 on coinmarketcap with market cap of over $14.3 Billion, which is an increase of circa $3B from yesterday's charting. WE ARE STILL EARLY!!
🔸 ATH , Volume, Fib confluence zones and levels, bullish pennant and flag formations
🔸 Currently available on Binance, Kucoin, Coinbase, Gateio, Uniswap and more. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC, *be wary of scam listings elsewhere*
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
My Last Chart:
2. What are Exchanges? 🤔😛 <<<Crypto Education>>>In the world of cryptocurrencies there are two types of exchange. CEX and DEX. The graph shows the difference for each one.
What you should know about CEX:
Used to change fiat to crypto and crypto to fiat.
CEXs can block your money without warning for any reason.
The CEX may ask to verify your identity and origin of funds.
Some cannot serve clients depending on their location.
What you should know about DEX:
DEXs are smart contracts that exchanges run.
To use a DEX you need to already have cryptocurrencies in possession since they do not have fiat money input.
Most DEXs trade only with assets from the same chain where they are located. Ex Uniswap is used to exchange ERC-20 Ethereum tokens.
DEX can be used from your software or hardware wallet.
PUMP AND DUMP 2.0 FOR BTC!Based on the laws of S/D
if a market retraces more than 10% the momentum will shift,
the total sum of the 2 regressive trends are 12% so
the probability of Btc becoming
a bearish market a perspective that we all should consider, LIKE AND COMMENT IF YOU FOUND THIS POST HELPFUL!
CTSI possible pull back Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Here we are back on CTSI........
Here is update for last pullback idea
BTC bleeds alt bleed along the yellow trend line, expect a pull back to 0.69 to 0.65
it is need for parabolic move, don't panic guys tip in content buy at those level along yellow line or wait for break out
Stop loss where 90% don't expect ...................
Remember Guys it's easy to lose money than to earn, a lot of peoples are not going to tell you this don't sell for loss
comment like man support the content
................................................................................................................................... ................................. har har mahadev
SHIBA - on the daily 🐾🐾🐾🐾🐾🐾🐾🐾🐾NOT FINANCIAL ADVICE: This idea IMO for personal use only*
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My position with SHIB has not changed. Still bullish AF.
At the time of charting this it ranks #20 on coinmarketcap with market cap of over $11B.
🔸 ATH , Volume, Fib confluence zones and levels, bullish pennant and flag formations
🔸 Currently available on Binance, Kucoin, Coinbase, Gateio, Uniswap and more. Head over to CoinMarketCap for full details of listed markets and tokenomics metrics. Only use the contract address officially listed on their website or on CMC , *be wary of scam listings elsewhere*
As always, watch for volume . Do your own research, check on-chain data. Always be watching BTC .
This is not Financial Advice.
Good chat.🤖
NU ConsolidationDisclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Here we are back on NU........
Congratulation to those who bought the dip ..................
Guys buy at high-demand zone Nu is consolidating from days in this range, it finds its buyer at 1.08
it is still holding this line, we need big volume to perform well in this bull run hold it BTC is down peoples are taking profit from BTC in these two days market is finding its way where it wants to go, and I believe Alt coin season will start soon
Don't panic if it breaks 1.08, and you just see a liquidity trap bought at 1.0930 on 1h time frame hold your position all alts are bleeding and will continue to bleed because BTC is down, and we need volume
Thanks for love and support, we will reach our destination this season believes it don't sell for loss this what they want
liquidity trap bought at 1.0930 on 1H is perfect example I told peoples to set their stop loss where 90% don't expect lots of peoples get liquidated
Remember Guys it's easy to lose money than to earn, a lot of peoples are not going to tell you this don't sell for loss
................................................................................................................................... .................................har har mahadev
The Most Common Mistakes in TradingHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
In today’s video, we will be looking at the most 3 common mistakes that traders do.
Now everyone makes mistakes but I have noticed that a lot of people make these mistakes again and again and they always wind up losing trades because of these mistakes.
Here are the most common mistakes in trading :
I hope that I was able to help you understand these mistakes better and if you have any more questions don't hesitate to ask.
This is not Financial Advice its a pure Educational video.
Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 & 2 and 3 , Classic Chart Patterns you need to know.
links will be bellow
XAUUSD SELL 1. D was bullish.
2. Planned to take a sell if the D candle breaks its on low.
3. 4h was in a range.
4. 1hr was in a range
5. Trusted the HF and took a sell when the D breaks its on low.
6. closed in 14 pip profit. Runner 17 pips.
7. could have placed in BE and let the runner run as price went down to 40 pips.
8. Overall, a good quality trade.
OANDA:XAUUSD
Gala Next Axis infinty ........... to the mars Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Here we are back on Gala Next axie infinity........
Congratulation to those who bought the dip ..................
He fellas What's Up I hope You Are having a Nice day ALTS Turn Green I hope Your Bags are Full Because Santa is coming this time with real gifts riding on bulls
This is your host k9100............................ back at your service
We have been tested with blood, but we believe in project we hold it we support it we nurtured it soon 1-3 usd it's you Guys who believe in project it's you guys Who hold gala in difficult time soon you will be rewarded handsomely
Buy zone along the yellow line
take profit zone on red lines 15-25% only on red lines
thanks for love and support, we will reach our destination this season
Money is flowing into alts take a good sleep tonight you have done well
red resistance zones green support zone Stop loss where 90% don't expect
always remember to take profits
................................................................................................................................... har har mahadev
The most important words you need to know in fundamentalsHello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
What Is Fundamental Analysis?
Fundamental analysis (FA) is a method of measuring a security's intrinsic value by examining related economic and financial factors.
Fundamental analysts study anything that can affect the security's value, from macroeconomic factors such as the state of the economy and industry conditions to microeconomic factors like the effectiveness of the company's management.
The end goal is to arrive at a number that an investor can compare with a security's current price in order to see whether the security is undervalued or overvalued.
This method of stock analysis is considered to be in contrast to technical analysis, which forecasts the direction of prices through an analysis of historical market data such as price and volume.
Now you know what is fundamental analysis, But before you start to learn more about it, Its better to know the important words that authors use in their articles !
📚 On this Article you'll learn about 25 of them and we'll continue to post the other in next educational posts; It's easier for you to read and remember !
1. Assets: Capital that is frozen as in property, real estate or possession.
2. Bearish: The falling trend of assets and shares in markets.
3. Bonds: Governmental bonds that ensure a fixed rate of interest in often long
term investment.
4. Boycott: To protest by refusing to purchase from someone, or otherwise do
business with them. In international trade, a boycott most often takes the form of
refusal to import a country's goods.
5. Bribe: A payment made to a person, often a government official such as a
customs officer, to induce them to treat the payer favorably.
6. Broker's fee: The fee for a transaction charged by an intermediary in a
market, such as a bank in a foreign-exchange transaction.
7. Bubble economy: Term for an economy in which the presence of one or
more bubbles in its asset markets is a dominant feature of its performance.
8. Bubble: A rise in the price of an asset based not on the current or prospective
income that it provides but solely on expectations by market participants that the
price will rise in the future. When those expectations cease, the bubble bursts and
the price falls rapidly.
9. Budget deficit: The negative of the budget surplus; thus the excess of
expenditure over income.
10. Budget surplus: Refers in general to an excess of income over expenditure,
but usually refers specifically to the government budget, where it is the excess of
tax revenue over expenditure (including transfer and interest payments).
11. Bullish: A rising trend in the significant increase of funds and shares in the
stock market.
12. Capital: the large amount of money or investment.
13. Capital loss: The loss in value that the owner of an asset experiences when
the price of the asset falls, including when the currency in which the asset is
denominated depreciates. It contrasts with capital gain.
14. Cartel: An agreement among, or an organization of, suppliers of a product. A
group of firms that seeks to raise the price of a good by restricting its supply. The
term is usually used for international groups, especially involving state-owned firms
and/or governments.
15. Cash dividend: Cash distribution of earnings to stockholders, usually on a
quarterly basis.
16. Commodity: Could refer to any good, but in a trade context a commodity is
usually a raw material or primary product that enters into international trade, such
as metals (tin, manganese) or basic agricultural products (coffee, cocoa).
17. Compensation: whoever violates agreement rules must compensate other
countries by lowering tariffs or making other concessions, or be subject to
retaliation.
18. (CSR) Corporate social responsibility: The responsibilities that corporations
have to workers and their families, to consumers, to investors, and to the natural
environment.
19. Corporation: Form of business organization that is created as a distinct legal
person composed of one or more actual individuals or legal entities. Primary
advantages of a corporation include limited liability, ease of ownership, transfer,
and perpetual succession. A business form legally separate from its owners. Its
distinguishing features include limited liability, easy transfer of ownership,
unlimited life, and an ability to raise large sums of capital.
20. Decline: The falling of stocks or prices in the market.
21. Breakout: The breakout of a virus or the breakout of a war.
📚 There's a difference between this breakout with the breakout we call in chart analyzing !
22. Minutes: The report from a meeting. (minutes from Fed’s meeting will be
released)
23. Consolidate: The prices are reaching a plateau and becoming more stable.
(the prices are consolidating)
24. Stimulus measure: The government is giving the banks a stimulus measure
to be bailed out for the financial crisis.
25. Retreat: The management is retreating from their initial position to deduct
the salary of the workers. (it's an example of retreat)
📍 We'll continue this series of educational posts in next days, STAY TUNED and don't forget to follow this idea, So you'll be notified after I post the new one...
Hope you enjoyed the content I created, You can support us with your likes and comments 😉🙋🏼♂️
Have a good day!
@Helical_Trades
Nu holding 1-2 days consoldation left for new ATH 5 usd Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Here we are back on NU........
Congratulation to those who bought the dip ..................
( BTC ) is UP ( BTC .D) UP Grandpa leading the way soon money will flow to alts .............................
He guys What's up
I hope the pull back is done, or maybe we can see some 4 hour candles down the support zone 1.24-1.25 major support zone, and it's healthy we need this pull back
it still looks healthy to me
We are still holding............
Hold on Boys.......................
don't sell your positions big gains might be ahead
simple chart not to say much, have a nice day
..................................... Har har mahadev
Example of WTI Crude Oil 15 mins Wyckoff distribution!Hello my beauties.
For educational purposes, I wanted to publish yesterday's price action on USOIL, as a 15 mins Wyckoff distribution played out perfectly.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX