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Risk management in tradingWhen trading on the stock exchange, you need to know at least the basics of risk management, but it is better to understand it professionally, because the main attribute of any transactions made in the financial markets is risk. Without competent, professional management, without risk management, it is impossible to stay in such markets for a long time. To be a successful trader, you must learn to assess risks, balance and reduce them. Only in this case, the capital will not only be saved, but also increased. Fundamentals of risk management To properly manage capital, you need to know about the following principles: 1. You should not invest even in the most tempting project more than half of the total capital. Among financial experts, this principle is also called "don't put your eggs in one basket" or "diversification." That is, in order to successfully continue your activities in the financial market, it is best not to invest all your funds in only one undertaking. More than half of the money must be left for other projects and for the continuation of their work 2. Invest in one position no more than 10-15% of the total amount of funds you have. Another advice from the category of diversification, which insures against ruin. He warns that one cannot invest a lot of one's funds at once, it is better to distribute them correctly and limit one's risks, and make the profit more stable. 3. The rate of risk in the transaction must not exceed 5% of the total amount of funds you have. If you follow this principle, then the loss ratio of any trader will be less than 5% of the total capital. Depending on which market and which strategy is used to trade, the percentage of risk can be reduced to 1%. 4. There must be a balance between diversification and concentration. While diversification is one of the most reliable risk management techniques for reducing risk, even its application must be measured. It is necessary to balance the diversification and concentration of funds. There is no need to turn your portfolio into a "stuffing" of investment instruments, you will only need to open positions in 5-7 groups of instruments. Before compiling a portfolio, it is necessary to determine the correlation between trading instruments. It may be zero, but it is preferred that it be negative. In this case, the future fall of one group of instruments will be compensated by the growth of other groups. 5. Place stop orders. In order to avoid large losses if the price change is not in your favor, it is best to take care in advance and set Stop Loss. It makes the price fixed, which will allow the trader to close the position at this price. The way the Stop Loss will be set is influenced by market analysis, as well as the personal readiness and ability of the trader to make dangerous, risky, but profitable transactions. When placing a Stop Loss, you need to correctly assess not only the totality of technical factors, but also the characteristics of personal qualities, in particular, your ability to take risks. 6. Determine the rate of return. For any operation in the market, it is necessary to determine what the ratio of profit and loss will be. Such a forecast is necessary so that, in the event of undesirable phenomena on the market, the risks are balanced. In the financial world, a good ratio is 3:1. The simplest example: if a trader risks $100, then his profit from the transaction must be at least $300 (300:100 is the same as 3:1). If for some reason such a ratio cannot be achieved, then it is better to refuse the deal.
BITSTAMP:BTCUSDEducation
by Crypto4light
2
4️⃣ Trading habits that have to go 👋We've all done it. At some point in your trading journeys bad habits set in. Here is my four trading habits you've got to kick in order to stay profitable. 1. Overtrading We all been there with this one. We think we have to be in the market all the time. We don't and its okay to be flat at times. No strategy should have excessive trade volume. More time in the markets the more chance of catching a cold. Overtrading can happen when we also start revenge trading. You've caught some losses and your trying to get it all back. Don't overtrading combined with revenge trading is a no no. Take a break. Trading with no strategy or system Should never be in the markets with out a plan or system. More importantly no trader should be entering markets with out a proven edge. Back test and forward test your strategy and make sure you are entering markets with a proven plan. Psychology wise it makes trading so much easier to deal with. No plan will lead to nothing but stress and losses. No stop loss Trading with no stop loss is biggest sin of all. It's just not worth risking huge amounts of your trading capital on the line. One big crazy move in this uncertain world could do damage. Plus how can you develop a proven plan if stop loss is not included. Also moving your stop loss should not be part of your trading. As you've just altered any strategy being trading into the unknown category. No risk management So I've mentioned stop loss but that is only one element of risk management and it doesn't stop there. Risk management includes many aspects you'll need to consider. That includes position sizing relative to your capital size. The psychology behind losing runs and how they are factored into your trading plan. Work to set and proven trading rules as part of your risk management. Be sure not to add to losing positions. Know when you are wrong and move on to the next. Failure to follow risk management means you will essentially be gambling. Be realistic in expected returns is a big factor in risk management. Sticking to all of the above and not allowing these habits to enter your trading will ensure you keep that trading account growing. Thanks for taking the time to read my idea. Darren 👍
Education
by pow_removetheguesswork
1
What Time-Frame Should You Trade?Hey Traders! One of the reason new traders don't do as well as what they first perceived is sometimes they could be trading a multitude of different things in the wrong style. That doesn't suit the way they are attempting to attack the market, or even their personality. Today I wanted to have a look into trading the different time frames, what's required? What are the pros and what the cons of each time frame? Now there's a million different ways to trade the financial markets. The time frame you're trading is one of the most important. I wanted to jump in and provide clarity for some of the newer traders that perhaps are trading the wrong market based on what they are actually trying to achieve. I see a lot of people coming into the market to earn profits (obviously) and they come in because they want time freedom, yet they all seem to gravitate towards the scalping one minute, 5 minute and 15 minute charts, which are not going to provide time freedom even when you are successful. I understand the adrenaline pumping in the intraday setups and then it can help people have and feed that get rich quick feeling that gravitates so many people to the market. But it's time we take it seriously. Let's seriously dive into the pros and the cons and analyze what's actually going to benefit you as a trader moving forward. INTRADAY Intraday trading is definitely the most frequent out of all the traders that come into the Forex market. The Forex market advertises intraday trading a lot more because the commissions and spreads are extremely affordable compared to trading other markets. Intraday traders, also known as scalpers, trade the markets on the lower timeframes, usually between the one minute and 15 minute, and trades are held throughout a day session and usually closed by the end of the day. You usually see these traders have your typical eight or nine hour window in which they sit in front of the charts and trade. There's plenty of pros to intraday trading the high frequency of trades, the great adrenaline pumping feeling, the more opportunities across a range of different markets, you hold no overnight risk and it's very easy to dodge fundamental news. You also less reliant on those one or two big winners to bring in your yearly profits. In saying that, there's also plenty of cons. Transaction costs are much higher when you're scalping. You have to incorporate spreads and commissions can sometimes eat up your profits. Mentally an emotionally, it is an extremely difficult task. You have to be able to be disciplined enough to make quick reaction decisions with money and risk on the line. As mentioned above, unlike the other trading systems and timeframes, it does require quite a lot of time and concentration throughout a trading session, which is why if you're chasing time freedom, I wouldn't recommend intraday trading. SWING Swing trading is a common way of trading, as a lot of people are able to do it part time away from whatever their main career. Swing traders trade the markets on a mid-range time frame, usually between the one hour to the four hour chart (sometimes going a little bit above). Trades are held for hours to a week and they try to profit from the larger moves in the market. The pros to swing trading? There's plenty of opportunities, plus more than enough time to sit back and thoroughly think through your analysis. The ability to make money while doing something else, which I touched on just before, you can still have your full time job and trade after hours, and then also there are much lower transaction costs compared to intraday trading, as spreads and commissions don't tend to eat up as much as you kind of aiming for those larger moves in the market. The cons? Swing trading of a sudden introduces this overnight risk. You're going to have to sleep at some point and you may have positions open during that time. That right there is a window of risk where you can not react to the market. I have also found that many people tend to lose sleep while they have open positions. Fundamental news releases start affecting your decision making. You're going to have to incorporate the economic calendar. It does require a lot more patience to be able to hold positions over long periods of time. You will have to be making decisions without your emotions affecting and changing your overall bias. LONG-TERM Finally, we start looking at our long-term investors. I call it investing because they tend to trade the markets on a higher range time frame like the daily, weekly or monthly chart. Trades are held throughout week and sometimes months trying to profit from the really large fundamental moves of the market. The pros to long term investing or trading are you do not have to watch the market in today, the lower timeframes mean nothing to your analysis which allows you to step back and think clearly. You have much fewer transactions which relates to much lower transaction costs. You have more time to think about your trades and much more time to react to different news releases or change in market bias. The constant long term trading are the very few opportunities per year. Fundamental knowledge is 100% required. There will be people that say you don't need it, but honestly I highly recommend you have a great deal of fundamental knowledge. It requires exponential amounts of patience and the ability to sit on your hands for weeks or months on end. It does require bigger account for more buying power so you can open multiple positions over long periods of time. Finally you will incur frequent losing months as you do not have many trades to bring that initial balance too profit. I hope that bought a bit of clarity to the multiple timeframe traders and where you're currently sitting. Have a look at what your goals are with actually being involved with trading. Where do you want to get to? Is the time frame you're trading is actually going to allow you to get there? If you're here as a part time trader and you'd love to have that time freedom that so many people advertise. Maybe look for the bigger time frames as you can have that time to go do whatever it is you need, and you don't need to be sitting at a computer desk. If you love intraday trading and scalping and you're willing to put in the hours of work and more or less work a nine to five type role. Your scalp trading is going to be one for you.
Education
by the5erstrading
88
🧅Read & Learn market structure NAS100I have decribed how the market move from my perspective . before and after the newyork session begin. Let's learn together . . . . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
OANDA:NAS100USD
by MLGONION
A Channel pattern - EducationalA channel is a chart pattern. And uses trendlines. A channel indicates an entry and a possible exit. It can also control the risk. A channel consists of two parallel lines, between which the price moves. Drawing a channel: Ascending channel - During an uptrend, draw the basic up trendline along the lows. Then you draw a line from the first peak which runs parallel to the basic up trendline, these lines now form a channel. If the 2nd peak reaches the upper line of the channel a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted. Descending channel - During a downtrend draw the basic down trendline along the highs. Then draw a line from the first bottom which runs parallel to the basic down trendline, these lines now form a channel. If the 2nd bottom reaches the bottom trendline a channel can be said to exist, but a third test of the trendline is always needed to see if the trendline is really accepted. Horizontal channels are like rectangles, they are called trading ranges. How to profit from this pattern? Short term (uptrend) A long position could be opened when the price is at or near the basic up trendline. One could even open a short position when the price is at the top of the channel, but beware! Going against the trend can have negative consequences. Short term (downtrend) A short position could be opened when the price is at or near the basic down trendline. A long position can even be opened when the price is at the bottom of the channel, but beware! Trading against the trend can have negative consequences. Try to take profits the moment the price, comes close to the trendline on the other side, you could thus switch your position from Long to short and visa versa. Remember, the higher the timeframe you use the more reliable the trendlines become, also a trendline is more reliable if the trendline has been tested often. Trading the channel breakout The failure to reach a channel line is often an early warning that the channel line on the other side will be broken. Once a channel is broken a move of around the width of the channel can be excepted. So a larger channel usually have bigger profit potential. You can use certain technical indicators with a channel, for example 'volume', pay attention to whether the volume increases the moment the price breaks out of the channel, if this is not the case it means that the channel is probably still intact. Profit targets and a Stop-loss As I already mentioned the intention is to take profit the moment the price is on the other side of the channel. Imagine this: There is an ascending channel, the price is moving around the basic up trendline (base line), then you can enter a long position. Then the price is moving towards the upper trendline of the channel and you can take your profit. If you like you can take a short position here, but beware! Trading against the trend can be dangerous. But where is your stop-loss? I already said it many times: always place a stop-loss before you forget it and before you start doing other things! In the preceding example you place this stop-loss just below the base line at the long position, keep a little space between the base line and your stop-loss! It could happen that the price breaks through the channel lines on an intra-day basis, but only when the price closes outside the channel line this could be a sign of a breakout. For the short position from the above example, place your stop-loss just above the upper trendline, with some distance in between. Here are more examples: I wish you all the best! This is no financial advice. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDEducation
by StijndeVries
2
Bitcoin dominance BTC.D #TheCryptoCityI see BTC dominance decreasing in the daily timeframe it can take a little bounce from support and go further down to fil FVG (fair value gap), order block and there is also a POC. You can see on the chart clearly RSI is oversold. It is possible after a retest at 44.46% BTC.D will move upwards to the next resistance at 45.72%. This will bleed BTC and ALTs prices. I have marked the BTC dominance area at 41.90%, if BTC.D reaches this level this is good for BTC and ALTs. This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE. So let's see how the market reacts in the coming days. This chart is likely to help you in making better trade decisions if it did consider upvoting this chart. I would also love to know your charts and views in the comment section. I am not a market maker I could be wrong. Everything is on the chart. Thank you
CRYPTOCAP:BTC.DShort
by TheCryptoCity
The Rule of 72 😃📈Time for a educational post from me. At some point as traders we have all had the thought of how long will it take to double my account. The rule of 72 is the easiest way to work that one out. The rule of 72 is a handy mathematical rule that helps in estimating approximately how many years it will take for an investment to double in value at a specified rate of return. Rule of 72: If 72 is divided by an interest rate, the result is the approximate number of years needed to double the investment. For example, at a 1% rate of return, an investment will double in approximately 72 years; at a 10% rate of return it will take 7.2 years. But the example above is based on a 10% return per year. We as traders have the chance if our strategy is consistent and profitable to return good percentages on capital in a matter of weeks. Time for more examples. Some traders can return 6% a month So 72/6 = 12 months to double the invested capital in your account. Lets say a trader returns 4% month on month 72/4 = 18 months to double your investment. The rule of 72 servers two purposes to us as traders. 1. I personally feel it helps to keep us grounded as traders. To many enter this game thinking they will flip 1000 into 10000 in a matter of weeks A 4% return per month is a good return and from the equation above it would take 18 months to turn 1000 into 2000! So I would like to think the rule of 72 acts as reminder of the challenges we face when it comes to expectations. 2. Having said the above the rule of 72 also serves as a reminder that as traders who do or potentially can go on and achieve consistent profits especially monthly we can make way more returns than what a instructional bank or establishment would offer to you as an investor. The rule of 72 then becomes an inspiration to take control of your own money game and aim for growth that no one else can offer you. Thanks for taking time to look at my idea. Darren 👍
Education
by pow_removetheguesswork
For Education💯💯This is how i using ict method to find my entry. From my undertanding , at first price should retest to this FVG ( on the left side )( FVG is fair value gap ) to creat a small support then start rally down . . But price break through the small support .( You can see it cleary on 1m & 5m TF ) . And my analysis for larger TF is telling me that the price should going up ,you can see it on my previous post. . Then we can start using ICT method to find our Entry. . For those who want to study ,it's on Youtube ict mentorship 2022 Ep. 12 . Good Luck Trader 💯💯 . . . 🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice 🧅JUST AN OPINION OF THE ONION.🧅
by MLGONION
💥Bitcoin 2022 Roadmap to $19k & $16k#Bitcoin Update🔥 Technically, we are repeating the same movement as in 2017. Bitcoin dropped by -84% from all time high from $19,799 to $3,159. As displayed on the chart, the major zone that served as a strong support was violated and Bitcoin dropped by -47% from $6,000 support to $3,159 in 2017. This same setup is repeating itself. The current bear cycle started in November 2021 . So far, Bitcoin has dropped by -58% from all time high from $68,996 to $29,000. Price has been respecting the major support within $29,000 & $30,000 so far. Just as 2017, support got violated at the tail end, therefore I expect a similar reaction and a drop by -47% or less from major support at $29,000 to $16,000 or $19,000. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
5
HOW TO SWING TRADE USING BB - MACD!Today im going to show you how to use Bolinger Bands and MACD together to understand where the price is going. So you can swing trade easily. By the way swing trade is holding assets for profit for more than a day. So this strategy is suitable for novice investors. But you will need practice before applying this to your trading strategy! First of all i do not recommend betting against the market. Do follow the trend when using this strategy. If the trend is upwards do not short the asset. But there can be breakout from the existing trend. Therefore we can also use trendlines to have better understanding of the market. Lets identify indicators that we are going to use then i will explain how to use them to swing trade. MACD measure specific EMAs and their relations. EMAs are mainly 12 period EMA and 26 period EMA. There are 2 lines and 1 histogram on MACD. They are called, MACD line, Signal line, Histogram. MACD line = 12 EMA - 26 EMA Signal line = 9 EMA of MACD line Histogram = Difference between MACD line and Signal line We use MACD to identify trends so we can trade accordingly. If the MACD line is above 0, we are in a uptrend. If the MACD line is below 0, we are in a downtrend. If the MACD line is above or crosses above signal line it is a buy signal. If the MACD line is below or crosses below signal line it is a sell signal. Longer histograms and being too far away from zero line means momentum of the trend is high. These are the basic of MACD. Bolinger Band is easier to grasp than MACD. There is an upper channel and lower channel calculated with volatility and 2 Standard Deviations from 20 Simple of MA line. Generally if the price is closer to the upper band, market is considered overbought and vice versa. If the market is highly volatile bands widen and if volatility is low bands contract. The most important thing about BB is 20MA. Generally price will test 20MA line after it hits the upper or lower band. If price breakout or rejceted from it, trend is established. So how can we combine both of them to swing trade successfully? 1- We have to identify the market trend. We can simply draw a trendline on the chart to identify it. 2- Use 20 MA as entry-exit 3- Look MACD histogram for momentum 4- Use lower - higher band as SL-TP Example; Look at the chart on the left! Feb 04 19, uptrend started and MACD signal buy. But there is no momentum. MACD far away from zero line and price far away from 20MA. Wait until price breakout from 20MA. 1- is the confirmation of trend with momentum rising and price breakout above 20MA line. BB start to widen meaning high volatility. You can enter long trade here since price and momentum rising with volatility. 2- is the upper band of BB. This is take profit levels. If you are seasoned enough you can open short position here with 20MA area TP. 3- Test of 20MA. You can enter short or long here with lower BB being SL - TP. But with MACD signaling sell and losing positive momentum in histogram, short seems to be the RIGHT CHOICE . 4-Price cant hold 20MA. Drop to the lower band. SL-TP zone. If you are seasoned enough, potential entry zone for long trade. TP being with 20 MA zone. Lets take a look at the chart on the right. Same chart, after a couple of weeks from chart 1. There is a clear uptrend that started 09 March 20. 1- At 20 April MACD signal buy but there is no momentum and price was still below MA20. It is logical to wait for confirmation which is the breakout of MA20. 2-Price breakout MA20 after a week. Between 27 April - 05 Oct, there are more than couple times that market offers good entry zones. Between this time, MACD momentum and lines are rising to the positive-buy zone. 3- Price is around upper band for a long time. Could be a TP zone. Price also lost %25 value 2 in weeks. Some people use here as TP zone. But MACD lines and histogram were positive. Price didnt test the 20MA. Also BB is still widening. Meaning high volatility in a bull market. Opening short is not logical here. 4- Last time price touched the upper band. Histogram started to lose momentum. Potential TP zone and short entry. To be honest this seems to be a good point for short trade but didnt work out. Price went up (2. ATH) couple of weeks later with MACD momentum nearly finished. Therefore always put SL-TP with your orders. 5- MACD signaling sell. Low negative momentum. If open short here, it could be like NO.3 on the chart. Wait for confirmation. 6- Price test MA20. After couple of weeks we broke down MA20. Bear confirmed. Momentum rapidly increase to the negative zone. Potential short entry. 7-Price cant hold MA20. Lower BB reached. Possible SL-TP area. So sign from MACD to enter a long trade just yet. 8- Possible long entry with MA20 breakout above. MACD signal buy with low momentum. Therefore wait for confirmation is logical. After a week momentum rises. Long entry seems logical. New ATH for BTC. So in short, Identify a trend! Check MACD for momentum and trend strength. Enter when price breakout MA20. Confirm the breakout before enter! TP-SL at the MA20 and Band limits.
BITSTAMP:BTCUSDEducation
by thegreatwall38
Four trading fears you will have to overcome 😱The stats for retail traders are not pretty. It's no secret around 80% of all retails traders lose money. The reason most fail is the four fears not being overcome. Fear of being wrong! We are emotional creatures and lets be honest none of us like being wrong. This trait shows in some more than others but there is no place in trading for this trait. It's impossible to 100% right all the time it's not even possible being 90% or 80% right all the time. Once the reality sets in your not going to be right all the time we then as traders have fear of being wrong when seeking our trades or strategies. Fear of losing money We all suffer this fear at some point. What we need to understand is all accounts suffer periods of drawdown. I firmly believe the 80% of all retail traders stat is so high due to people losing money and quitting. The reason money is lost is due to poor strategy or no strategy. Once in a whole the fear of losing more will push people away from trading. Fear of missing out It's probably the fear of missing out that led you here in the first place. You see all the lambo's on social media and the life style and fear of missing out is already in play. Then comes seeing what everyone else has profit wise. Then comes paying attention to everyone else and full blown FOMO instead of sticking to your own game. Fear of leaving money on the table. No better feeling than seeing your trades run in profit. The screen is lit up blue and your loving it. But now comes the fear of letting them trades play out. Your leaving money on the table and it's now a fear you'll lose that money. It's one of the biggest mistakes a trader makes! Cutting winning trades to soon and letting losers run for to long. So how to overcome these fears? There's many elements to overcoming the four fears . There's so may and then even sub elements of those. Hence why this idea had the two brainstorm bubbles on the chart of what fears haunt us as traders. Followed by the bubble of all the thoughts you need to take in to consideration as a trader. It's imperative as traders we build a robust tested plan. Sticking to your own plan and lane is crucial. Just avoid others that blur your plan. Losses are a part of trading quicker you accept this as a cost of business quicker that fear of losing money disappears. There is many more on the chart drawing but quicker these behaviours are followed as a trader the quicker the four fears will disappear. Here's to a good rest of the week🥂 Thanks for looking at my Idea Darren 👍
Education
by pow_removetheguesswork
7
Tracking Market Maker Activity Part 5Padawans, If you have been following this series, You will have seen that for the past few weeks, The Majority of Bitcoin Impulse activity has been taking place between 9am, 10am and 11am EST. So what has this Sith(Market maker done) in these 3 hours, He has driven the price, down to support, He will trap A LOT of retail traders short, Not will trap sorry has been trapped. I have indicated on the screen where the Long positions have been built and where the coin is returning to. The trick is the entry, Because although we know where he has built his long Positions , and each of these is a take Profit target. However it leverage trading, so the best entry on the 1 hour chart is as close to the last support level as possible. Shorting Bitcoin here is suicidal.
Long
by Skywalker-thelastjedi
3
PHANTOM TRENDLINE | EDUCATIONAL POST So here are the simple trading rules for the buy setup: Draw a downward trendline If the price breaks the trendline, wait for the retest. If a retest happens, it is better to use a bullish reversal chart candlestick as a trigger to place your pending buy top order just 2-3 pips above that bullish candlestick. If the price decides to go up, your buy stop order will be activated. Place your stop loss(SL) a few pips (5-10 pips) under the low that bullish candlestick. Use the previous chart swing high as your take profit(TP) targets for profit targets.
BINANCE:VETUSDEducation
by IcarusLu
Trader comfort zone journey 🥴➡️😊Let's end the week on a thoughtful note. On the chart is a visual I see the other day that I feel relates to trading massively. It's called the comfort zone map. This can be applied to many situations in a person's life as a generic visual map. But I really do think it represents the journey every trader must take in order to become successful. COMFORT ZONE It's where we all start any journey Sat in the comfort zone not wanting to leave as we dont want to fail or get hurt. Some will stay in this zone forever but will never progress. If you are on TradingView looking at this idea then chances are leaving this zone is already being explored. We all like this zone put you have to take the leap of faith in order to progress. As traders we all have to leave our comfort zone in order to start our trading journey. FEAR ZONE This is the worse zone for any human on any sort of journey but more so for traders. Things are really uncomfortable in this zone and pain will be felt. Mistakes will made, as traders money well be lost but key bit is learn from those mistakes. Plenty of people will turn their backs at this point and jump back into the comfort zone. Those who carry on trying to achieve will have other people questioning what are they doing. Don't let opinions sway you and find a way to find your feet in this zone. You will lack knowledge, You will lack skills at the start but traction comes with hard work and persistence. LEARNING ZONE The traction gained and hurdles overcome in the fear zone leads you to this zone. Once in this zone it's now all in the eye of the beholder. This is now the new comfort zone but don't drop the ball you can end up dropping back in this zone. Now's the time in this zone to really kick on but it can take time. You are now laying the foundations of an exciting future. Take the base knowledge gained and gain even more in this zone. Problems are no longer holding you back as you are able to overcome. You enjoy the challenges and tackle them head on while still learning. Putting the time in here takes you to the next step but also stands you in good stead for rest of lives hurdles. GROWTH ZONE This where the fruits of your labour are felt but not just in trading profits. Mindset and contentment are on point. Due to the above continued learning never stops. Objectives are now smashed. Purpose and fresh identic is now found within yourself. Continued Personal growth as well as financial growth is now a element of life. In this zone the end game is infinite but shouldn't be taken for granted. Hard work has got you here but don't get complacent. Treat everyday as an opportunity to fulfil your life even more in many ways not just money. You earnt the right to be in this zone so enjoy. But be grateful in this zone and take nothing for granted. Stay level headed and with the right mindset this becomes your new comfort zone to enjoy forever. Enjoy the weekend folks and see you next week 👍 Darren✌️
Education
by pow_removetheguesswork
52
TRACKING MARKET MAKER BOTS TP EDITION- MUST READ!!Mater Jedi`s, Sith Lord`s and Padawan`s Tonight I show you in in depth details How I use the Sith Hunter along with other indicators to set up a trade after tracking the Market maker whale bot and using multiple confirmations to confirm whether my idea is correct. The trade is still ongoing. 1. April 18th 11 pm EST the Market maker BOT entered the market. 2. April 19th 10 am the Market maker BOT entered the Market . 3. The RSI on 5 timeframes at this point is super oversold. 4. The coin has broken 5 resistance levels and flipped them to support(Green Lines) 5. The coin has risen 15% in 2 hours as the Market maker is building short positions, Lulling retail traders to Fomo in trapping there liquidity at Higher Prices (Padawan`s this is a fatal mistake). 6. Then I post the signal with my entry band being at the 3rd resistance level and My confirmation is rejection here and I am in at the top because I am waiting. 7. Then you move your stop Loss to entry while u ride that rejection wave down. Because you entered higher, You adjust and take some profit earlier. 9. This is just one method you can use confirmation Trading along with tracking the Whale Bots to create a trade 10. I invite you to read the rest of my series and the indicator is below. May the force be with you Jedi. I am coming for you Sith and my Lightsaber with me.
Short
by Skywalker-thelastjedi
2
Not having a position is also a position - When trading is bad?Every day we start by choosing between long and short. Sometimes you wake up, look at the btc chart - and clearly see your setup. And sometimes you don't see it. But you still saw how many of your friends traded shorts successfully and decide to enter a hostile market. Bottom line: Lost profit, exhausted nerves, stress, a blow to self-esteem. Most traders forget that there is a third option - to stand aside. Let's discuss when such position can be useful and why most people use it so rarely. Pro traders can be split into 2 types: Bulls and bears. They trade for profit only in one direction, because they have a trained eye to see only their kind of setups. When a bull finds himself in a bear market, he either trades in the red or breakeven. The same true for the bear. And yet, even knowing this, the trader continues to trade unfriendly setups. Fueled by success that he carries from his market, he is sure that just a little more, a LITTLE LITTLE more, and he will be able to trade profitably in this market as well. "And if I can trade for profit in both directions, then I will become an absolute terminator and even Warren Buffett himself will personally beg me to share my market forecast with him!" I don’t know if you woke up with such thoughts in the morning, but I definitely had a couple of times. The answer to this phenomenon is GREED (for money or fame). And the easiest way to get rid of such incidents is to write the following rule in your trading algorithm (I hope you have it): • Trading during correction is prohibited. Just one sentence will save you a huge amount of money and help you increase your capital much faster. Instead of losing money trading corrections, it is better to: • Relax and spend part of your honestly earned profit on yourself and your loved ones. • Patiently wait for your market and return to the game. Do this - and trading will bring you much more pleasure, and you will earn even more and enjoy your life! If this article was useful to you, please like and leave a comment so that I understand that it has value to you and will continue to write educational material in the future✌️
Education
by Artem_Dishel
277
How to lose your deposit quickly? Easy to follow Step-By-Step🔥Why am I qualified enough to teach you this? I lost 16 deposits and in 6 years I heard dozens of stories of people who lost their life savings in a couple of months by trading. I have personally tested many of these rules and confirmed that they work. So what are we waiting for? Lets get it started! 1. Trade with maximum leverage There is no need to trifle, the bigger leverage is, the greater your profit will be🤑 2. Don't use stop losses SL’s are for the weak. You probably remember how many times your positions went in the right direction after you closed them by stop loss. Stop losses are evil🤮 3. Average losing positions Everything is simple here - the more you average, the less you lose. That means you can keep going. Nothing ventured, nothing gained🥂 4. Use your last money and don’t be shy to borrow The more money you put in, the more money you pull out. Since you are 100% sure that BTC will grow, take loans not only in banks, but also from shady organizations, do not look at interest - you will repay everything back in a month anyway, and your profit will cover any losses💵 5. Trade only when you have been fired from work, haven't slept all night, your girlfriend/wife has left, or you have quarreled with relatives When everything is bad in your life, it is better to do what you do best - trading. Having earned a lot of money, you will not only be distracted from everyday problems, but also regain confidence and a smile on your face!😉 6. When you closed a losing position, immediately open a new one with double volume to recoup losses You came into trading to win! So win and never admit defeat! You are Hercules and defeating everyone in the market - this is your 14th feat! No step back, only forward!✊ 7. Prioritize Elon Musk's conspiracy theories and tweets over technical analysis Do you already have the conviction that the Illuminati run the market and every time you open a position and the market goes in the opposite direction, the Illuminati move to harm you? If not, then quickly look at your lost trades. You did everything right, but you still lost money. Why is that? Just don't tell anyone...🤫 8. Believe that trading is luck and the odds are always 50/50 This makes it much easier to make decisions. If black has fallen out on the roulette wheel 2 times in a row, then the chances that red will fall out are much greater. Therefore, do not hesitate to go against the trend, probability theory is on your side 💪 9. Stop exercising your body and mind You will need neither a healthy body nor a focused mind in trading. You only need your eyes to see “buy“ and “sell“ buttons, you don't need much intelligence for this. Being in the green zone? The green zone is a myth for suckers who engage in self-deception.😏 10. Quit your daily job Since you already created an account on Binance a week ago, watched a couple of trading videos, sorry, I meant in-depth educational materials, and even have already made a couple of successful trades, then it's time to finally quit that boring job. The road to millions is open, it remains only to take the last step.🤩 11. Manage your friends money Why getting rich alone? Take your friends and family with you. They will be grateful later.🙌 12. Don't look away from the screen until you've regained every last cent. Winners don't walk away with losses. Make sure your deposit has at least doubled before ending a session.😎 13. Never fix profits. If it has grown a little, then it will grow more. Do you remember how you closed the position when the coin grew by 5-10%, and then it rose another 200%? That’s what I’m talking about. Don't close too early, keep trades for the maximum profit.📈 14. Trade at night If you don't have time, don't give up. There is always an opportunity to earn. Even after a hard day at work.🤜🤛 15. Analyze the market on a 5m timeframe and trade on the 1m. Opportunities are always there - the main thing is to be open to them.🤞 I hope these tips will help you quickly drain your deposit down and return to a normal life. If you liked them or you are already using them, please click Like and leave a comment so that I understand that it is valuable to you and will continue to write educational materials in the future.✌️
Education
by Artem_Dishel
32