ETH analysis review 2024/09/07
Result:
It's been 21 hours since I posted the BINANCE:ETHUSDT analysis. The price of ETH is moving back and forth, fluctuating between the 2300 and 2400 range, and there have been 5 trading opportunities since then.
Difficulty Review:
1st and 2nd one are harder because they bounce the price from the 2350.
The other 3 are easier, and we should aim to nail them.
The future:
If it break 2100, the long term price will change from Long to neutral, lets see.
Trade safe! Sleep well! Play Hard!
Have a good weekend!
ETH-D
ETH 1HETH/USDT Analysis: Hourly Timeframe 📊
The chart shows Ethereum (ETH) on an hourly timeframe with clear Buy and Sell forecast signals. Let’s break down the upcoming opportunities based on the green and red lines:
🟢 September 6, 2024, 01:00 AM - Buy Date (Green Line):
This marks a local bottom, suggesting it might be a good time to start accumulating long positions in ETH. The price is expected to decline leading up to this point, offering favorable buying conditions.
🟢 September 7, 2024, 12:00 PM - Buy Date (Green Line):
Another forecasted local bottom, offering another potential entry point for long positions in Ethereum.
🟥 September 8, 2024, 09:00 PM - Sell Date (Red Line):
This is projected to be a local peak, signaling an optimal moment to take profits or tighten stop-losses, as a price correction could follow.
🟢 September 10, 2024, 07:00 PM - Buy Date (Green Line):
This time indicates another local low, signaling favorable conditions for re-entry into long positions.
🕒 Note: All times are based on Los Angeles time (UTC -7). Be aware of a possible margin of error of 1-2 candles, depending on the timeframe. Cross-reference this analysis with higher timeframes for a more comprehensive understanding.
ethereum goes to $20,000gm,
eth is setting up for a monumental move to the upside as the etfs were granted access into crypto land.
they've been accumulating behind the scenes while a large majority of the market has been panic selling due to a rise in fear, uncertainty, and doubt.
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over the last month i have decided to pivot my primary macro idea from bear to bull, due to two variables.
1. fear
2. market structure .
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a macro bullish nest is a series of 1-2 structures in elliott wave theory which leads to a parabolic expansion to the upside. so while the common man sells his bag out of sheer fear, the institutional trader simply scoops his coin up for a bargain and awaits the mark-up phase.
---
eth target sits above 20k.
Sept 4Overview:
Today marks a mini anniversary—exactly one month since the 15% COINBASE:BTCUSD BTC crash on August 5th, which concluded a 7-day bearish correction. This correction was the third wave in a 28-day cycle. Why does this matter? BTC tends to follow relatively short cycles and typically doesn’t take longer than a month to make a decisive move in either direction. If there’s momentum left, it’s time to pump. If not, we may see a dump.
The Fed reported 7.7 million job openings in July, the lowest level since 2021. This was below the estimated 8.1 million and June’s 7.9 million. Job openings have been declining since March 2022, the month when the Fed first raised rates after cutting them to 0% in response to COVID-19. However, this figure is still higher than the peak of 7.6 million in November 2018. The Fed's goal isn’t to reach the same numbers as in 2018, but if we apply the growth in the U.S. economy since then, 7.6 million jobs in 2018 would be equivalent to 8.46 million in early 2024. Hence, discussions of an interest rate cut on September 18th are gaining momentum.
On Wednesday, the VANTAGE:SP500 and NASDAQ:QQQ both opened and closed lower than the previous day, though they posted green candles. Despite this, their relation to the previous day is bearish. So far, this September is shaping up to be like others—Labor Day weekend is over, professionals are back at their desks, and business cycles are picking up (the last three trading days have shown higher volume since August 9th).
As we mentioned yesterday, BTC’s new trading range is between $55.8k and $58.4k. It touched the lower bound of $55.8k at 9 PM NYC time and then climbed to $58.5k 15 hours later but has been sliding down since.
BTC ETF flows have been negative for the last 7 days, despite occasional daily green candles. At Evgen Capital, we believe ETFs represent a less crypto-enthusiastic crowd, akin to the shoe shiner who once gave stock tips to John Rockefeller—prompting him to sell. As with the Fear and Greed Index that we quote regularly, one should move in the opposite direction of ETF flows. If they are negative for an extended period, it’s time to start buying. If they’re posting all-time highs, it’s time to sell.
W: Up until today, it was a green weekly candle, but it has now turned into a red doji. Can it hold the $55.9k level? We don’t see many reasons for a quick dump, so BTC might remain in this range for another week. Big volatility is expected next week ahead of the September 18th rate cuts. Neutral.
D: RSI is at 41. The last time it was here was August 15th, which preceded a 15% pump over 10 days, trapping the bulls. Bullish to neutral.
4h: Neutral.
1h: At the lower bound of the Bollinger Bands with a low RSI. Neutral to bullish.
Alts relative to BTC: No divergences or major breakouts.
Bull case: There is still time before the historically bearish October to push BTC up to 60k. ETFs are showing signs of capitulation, with 7 consecutive days of sell-offs.
Bear case: There’s a lack of enthusiasm toward crypto, and negative news, like the SEC sending subpoenas to COINBASE:UNIUSD investors, continues to emerge.
Fear and Greed Index: 34. No change.
Prediction: For the rest of the week, BTC will likely retest the $55.9k level. If strong volume and buying power come in, bulls might be able to push through.
Opportunities: Weekly and 4-hour divergences in major altcoins. COINBASE:SOLUSD , BINANCE:ARUSD , and COINBASE:AVAXUSD show bullish MACD divergence. Even though BTC has been sliding lower, these altcoins reached their lows a few days ago, when we reported BTC-to-alts divergence. This is the time to decide which side to take and to set stop-limit orders.
ETH/USDT 4HOUR CHART UPDATE !!The updated chart for Ethereum (ETH) against Tether (USDT) in the 4-hour timeframe shows potential for a bullish scenario. Here's the analysis based on the chart:
The price is currently within a falling wedge, a bullish reversal pattern, where price action is making lower highs and lower lows within converging trendlines. This pattern often signals a potential upward breakout.
The price is currently testing the lower boundary of the falling wedge near a significant support zone between $2,335 and $2,455. This area is crucial as it has acted as support in the past and is currently being retested.
Immediate resistance lies at the upper boundary of the wedge around $2,455 to $2,505. A breakout above this level could lead to a bullish continuation towards the next resistance around $2,800 to $2,900.
Projected Movement:
The chart suggests a potential bullish breakout from the falling wedge pattern. The arrow indicates a move upward toward the upper resistance zone near $2,800 if the breakout occurs.
A close above the resistance zone would confirm the breakout and could initiate a new bullish phase targeting higher levels.
Key Levels to Watch:
A close below the lower boundary of the wedge or the support zone could invalidate the bullish setup, leading to further downside. Conversely, a strong breakout above the wedge could signal a bullish reversal.
The current setup suggests watching for a confirmed breakout above the wedge for a long opportunity. If the price maintains support and breaks above resistance, there could be a significant upward movement towards higher targets.
Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
TITANX Ecosystem is BOOMINGand we are still in ONLY in phase 2
Phase 3 remember is when TitanX becomes Hyper deflationary. Which is due around late November/ December
... But if you are NOT positioned before then it could be too late to enjoy the potential X's that come this ecosystem's way in 2025
#DRAGONX has already done over a 40X from it's bear market low just a few weeks ago
Explosive stuff!
Sept 3Overview:
As we wrote on Sept 1st: "Tuesday brings a wave of bears." It's been a strong start to the week for bears. The VANTAGE:SP500 is down 2.12%, pushing aside hopes for new all-time highs and forming a pattern resembling a double top. The riskier NASDAQ:QQQ dropped even more, correcting 3.04%, further confirming bearish sentiment. Both of these corrections were preceded by their respective futures ( CME_MINI:ES1! and CME_MINI:NQ1! ) crashing 5 hours before the market opened, wiping out Friday's gains. Immediately after the stock market fell, BTC followed. We are now below the critical $58.4k weekly level, which had been tested many times. BTC even touched and bounced perfectly from the next weekly level of $55.8k. The new trading range is $55.8k - $58.4k.
We conclude that this price action is likely due to insiders dumping assets or securing profits ahead of the Fed’s jobs report scheduled for Wednesday. One issue with the new $55.8k level is that it isn’t as strong as the previous level since it hasn't been tested as much. It's also away from the point of control (based on the volume profile) on all timeframes (1h, 4h, W), meaning it's not where the whales are trading. We likely won’t stay at this level for long.
Global liquidity has resumed its upward climb after an 8-day decline, which perfectly mirrored the last BTC bull trap (yellow line on our chart).
W: The week opened lower than the August 5th closing. Bearish.
D: Played out as expected, hitting the BB MA at $59.8k on Monday, then dropping to the lower band at $55.5k. After bouncing off the lower support band, the price should naturally return to $58.4k to establish it as resistance before continuing the downtrend.
4h: At the lower band. RSI is close to 20 and hasn't crossed the 50 mark in the last 7 days. Bullish, unless Wednesday's Fed report knocks out the markets completely.
1h: What is less visible on the 4h chart is clearer on the 1h chart. A bullish MACD divergence is forming, and RSI is below 80. Target: $58.4k.
Alts relative to BTC: COINBASE:ETHUSD , COINBASE:SOLUSD , and BINANCE:TONUSDT have declined lower than the August 4th closing. COINBASE:NEARUSD and BINANCE:ARUSDT haven’t yet, but they’re not far off. Bullish whales are keeping COINBASE:SUIUSD afloat despite strong headwinds.
Bull case: All macroeconomic data has already been priced in, and we are at the bottom of the market. Whales have likely finished taking profits and will stop selling to retail traders, easing selling pressure. When the market looks this bearish, that's often when it pulls an "UNO Reverse" and starts pumping to new highs. We need to see full capitulation, like on August 5th, to target at least a short-term rebound.
Bear case: Continuous confirmation of bearish sentiment: lower lows, lower highs.
Fear and Greed Index: 34. Congratulations! We are officially in the fear zone. Historically, buying at this level tends to be profitable. If you start diligently DCAing while in Fear territory, you won't go broke.
Prediction: BTC will likely spike up short-term to either the BB MA or the upper band, followed by a continuation of the downtrend.
Opportunities: Weekly and 4h divergences in major altcoins: COINBASE:SUIUSD couldn’t hold its weekly level, which has now become resistance. BINANCE:TONUSDT next target is $2.48 (-46.5%). BINANCE:ARUSDT next target is $10.8 (-50%). COINBASE:SOLUSD and BINANCE:NEARUSDT both show 4h MACD divergence and are both at weekly levels. If BTC can trade sideways for 5-7 days, there are bullish opportunities in these two coins.
Spicy Wednesday: Share Your Most UNPOPULAR Crypto OpinionToday I want to try something different. I want to talk about your most unpopular opinion, the kind of opinion that will get you a lot of 🤡 emoji's on here and other forums.
This is your chance to share your widely unaccepted opinion. Most might disagree, but deep down you still know that you're right.
Here are a few of mine that might rustle some leaves:
- 99.9% of alts are vaporware.
- The previous cycle top was in April '21. The November top was 'faked' by FTX.
- Nearly all investors are better off to dollar-cost-average into BTC or ETH and should stay away from day-trading.
- Exchanges will actively trade against you if you trade with larger amounts.
- NFT's are useless and a scam.
Are the opinions above spicy enough? Hit me with your worst and let's have a sensible discussion.
ETH/USDT 1DAY CHART ANALIYSIS !!Here is the daily chart of Ethereum (ETH) against Tether (USDT), with a focus on a potential short scenario. The analysis based on the chart is as follows:
The chart shows a clear descending trend with lower highs and lower lows, indicating bearish momentum in the market.
The price is currently near a key support area of around $2,360, highlighted by the brown horizontal area. This support area has been tested multiple times and is crucial for the next price action.
there is a resistance area near $2,800, which has previously acted as a supply area, which could potentially limit any immediate bullish rally.
A breakdown from a small ascending wedge or consolidation pattern appears, indicating further bearish pressure.
The chart shows a possible rebound from the current support zone, but with overall bearish pressure, the broader movement may remain downward until the price breaks above the resistance.
Below is a long-term ascending trendline, which could act as a key support level if the current support fails.
the short-term scenario remains bearish, with a short-term bounce likely from current levels. However, the general bias suggests caution, as the breakdown from the recent consolidation points to a risk of continued declines unless key resistance levels are broken.
Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you.
BITCOIN in a LIVERMORE FunnelThe accumulation and distribution volume matches the positive and negative money flows of the first 5 waves in a Jesse Livermore stock cylinder.
Will wave 6 see a rush of positive money flow into #Bitcoin into the end of the year?
Let's see
If it does
then that will further cement this pattern of accumulation , sideways movement then breakout with continuation of buying power into the Bull market top.
Let's observe this in real time shall we?
Should be a fun few months ahead of us after a long period of churn.
S/O to @arvine11 for bringing up the Livermore stock trend analysis.
ETHEREUM Closed August above 1M MA50, keeping bullish case aliveEthereum (ETHUSD) may have completed three straight red months (1M candles) but despite the recent correction, managed to close August above the 1M MA50 (blue trend-line), in spite of touching it earlier within the month.
This is a key Support level as it also held during the August - October 2023 bottom formation, initiating the multi-month rally up until March 2024. This makes it a long-term Support and as long as it is holding, it is keeping ETH within bullish territory.
At the same time, the price also held the 0.5 Fibonacci retracement level from the Cycle bottom. The last time that happened was during the previous Cycle in September - October 2020. After it held, this kick-started the Cycle's Parabolic Rally to just above the 1.5 Fibonacci extension level.
As a result, as long as the 1M MA50 is holding, we can expect the next High to be as high as 11500, even though 8k would seem more reasonable in terms of market cap and thus feasible as a long-term Target.
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👇 👇 👇 👇 👇 👇
Aug.27-Sep.2(ETH)Weekly market recapBTC volatility decreased after BTC gave back the gains from the Jackhole meeting. Currently, the number of stablecoins in the market continues to grow, getting closer to ATH, but there are few market hot spots except memes. After the staking storm passed, we saw the meme rise again. Whether it is Pump.fun on Solana earlier or Sun.pump that appeared on Tron recently, we can see that both large and small entities have turned their attention to memes. Four.meme backed by Binance also began to develop on the BSC chain, trying to capture the popularity after the release of CZ.
For the crypto market, except for emergencies, market volatility suffocates any trader, and people can only grow their wealth through memes. The market only transfers wealth and does not create value.
Risk assets have fully priced in a September rate cut, and even if there is some difference in value, monetary policy is unlikely to bring additional volatility. This Friday, the U.S. Department of Labor will release the latest NFP data. Unless there is a significant deviation from expectations, risk assets will maintain their trend. Beyond that, the cryptocurrency’s performance relative to NDX remains affected by ETF flows.
The volatility of ETH last week was greater than that of BTC, but the overall volatility remained volatile. Trading volume is sluggish. The indicators are consistent with the reaction of BTC. No whales have participated in the past seven days of trading, and the ME indicator maintains a bearish trend.
To sum up, we believe that ETH is weaker than BTC. This is also reflected in the capital flows of the ETH ETF. We maintain our original resistance level 2800 and support level 2400.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Sept 2Overview:
Labor Day is over, and yesterday the bulls came out strong, pushing COINBASE:BTCUSD back into its trading range, above the $58.4k level. But whose bulls were they—American or Asian? Volume data from Coinbase shows 4.3k for the BTC/USD pair, compared to 10.7k, 8.5k, and 12.1k over the last three Mondays. These numbers are much higher than those for the BTC/USDT pair, indicating it wasn't American bulls who saved the day. On the other hand, Binance reports higher numbers for the BTC/USDT pair, with 23k, 19.4k, 22.8k, and 37.0k for the last three Mondays.
Two lessons learned:
1. Check the provider of your chart data and what pair you are analyzing, especially if you're tracking volume or any volume-related indicators such as Volume-Weighted Average Price, volume profile, footprint, cumulative volume delta, etc.
2. The U.S. market honors workdays. Asian bulls came in strong and overpowered the bears.
W: Back to the old trading range. Neutral.
D: Under BB MA. Possible fake breakout (or fake recovery due to the U.S. holiday?). We'll find out today when the U.S. market opens in a couple of hours.
4h: It was the 5th attempt to break the BB MA, and it succeeded. Now we're at the top of the BB channel, above the most recent high but stalling at the next one, near the point of control. Neutral.
1h: MACD divergence is starting to appear. Bearish.
Alts relative to BTC: Altcoin weakness compared to BTC continues to widen. BTC returned to its trading range, and on the daily chart, it looks like a bear trap. However, for major altcoins like COINBASE:ETHUSD , COINBASE:SOLUSD , and COINBASE:SUIUSD , their previous levels have become resistance. Neutral on BTC, bearish on altcoins.
Bull case: Since we're holding the weekly range and a bear trend isn't confirmed (at least in the short term), stay bullish.
Bear case: Altcoins are weaker, volume is low due to Labor Day, so Asian bulls were pushing up in a less liquid market.
Fear and Greed Index: 46.78. Up a couple of points. Neutral.
Prediction: The Fed has been revising many data points downward, indicating they might not fully understand what's happening, leading to a lack of trust in their estimates. This week's jobs data might come out much lower, which, combined with other factors, could crash the market. However, before that, we still have a full day of trading during which BTC might trade higher.
ETHEREUM Risky Short! Sell!
Hello,Traders!
ETHEREUM went up and
Is now retesting a horizontal
Resistance level of 2575$
And we are already seeing a
Local bearish reaction so
We will be expecting a
Further local move down
Sell!
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Check out other forecasts below too!
Ethereum 8-Year Rising Wedge: Bearish Break Out!In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week.
From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow).
Might be a hot take, but most alts have been performing extremely poor recently and are down 60%-80% from their 2024 tops. Bitcoin is holding up relatively well, but that's because the BTC dominance increased by a factor of ~1.4x this year. Money is flowing out of alts (including ETH) and moving to stables and BTC.
What do you think? Will ETH drop more, or go back up?
Ethereum - CME Gap yet to be filled#ETH/USDT #Analysis
Description
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+ As shown in the chart, the Bitcoin CME futures gap is still unfilled.
+ This gap was created during the sudden market crash driven by recession fears.
+ Historically, 90% of CME gaps get filled sooner or later, and we expect the same outcome in this case.
+ Currently, the ETH price is around the support zone, and it appears to have recovered after hitting this level.
+ It's likely this gap will be filled in September, as it is typically a bearish month, but it should certainly be filled before the end of October.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Sept 1Overview:
A significant sell-off occurred at 10 AM on Sunday in New York, which was 9 PM in Shanghai. The Asian bears have made their presence felt. Will American bulls step in to buy this dip, or have they had enough? Between 4-5 AM NYC time, the COINBASE:BTCUSD price was pushed back up to the $58.4k weekly level, but it has now clearly become a resistance level rather than support. As the Labor Day hangover fades and Tuesday approaches, we hope the digital currency market remains intact.
W: After Sunday, last week's closing price was below the previous week's opening price and below the weekly level of $58.4k. This is bearish.
D: The new daily closing price of $57.3k is the lowest in this retracement since the August 5th crash. Bearish.
4h: Previously, we had visited this low price, but it didn’t close at the end of the day, making it appear as a wick on the daily and weekly candles. However, on the 4-hour chart, it is visible as a candle body, which gives the impression of trading within a price range. If we look at Bollinger Bands, the price has failed to break the moving average since crossing it from the top on August 26th.
1h: This drop in price can be considered a bear trap. This becomes increasingly clear as we move to lower time frames (4h, 1h, etc.).
Alts relative to BTC: Altcoins sold off more deeply but are now recovering faster than BTC, mainly due to their volatile nature.
Bull case: We held the weekly level, so this could be the bottom.
Bear case: Once Tuesday rolls in, the market might start selling frantically.
Fear and Greed Index: 42.5 - trending downward. Once it dips below 40, entering the "Fear" zone, everyone should start buying.
Prediction: Tuesday will bring a wave of bears.
Opportunities: Look for divergences on the weekly and 4-hour charts of major altcoins: Short BINANCE:TONUSDT
ETH Update - 02.09.2024 / Local UpdateAt 4h: we observe trading under the lower boundary of accumulation and formation of seller and liquidity imbalance zones from above behind the highs and the upper boundary of accumulation.
At 1h: here I expect either a liquidity re-sweep from the low or an inversion and a move to liquidity at the local high.
Stick to your risk managment!
BRIEFING Week #35 : The Battle Extends FurtherHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins.
Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do?
Now into the analysis.
The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump.
As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value.
In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value.
Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further.
There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto.
Happy to hear your thoughts.
The Parallels of Trading and GolfAs both a Professional trader, but amateur golfer. recently tried to explain to someone the similarities, especially in the emotional side of golf and trading.
I thought it might make an interesting article.
Golf, much like trading, is a sophisticated blend of skill, strategy, and psychology. While trading involves navigating financial markets, golf requires skilful manoeuvring across challenging terrains. Both activities demand a strategic mindset, the ability to adapt, and the resilience to handle emotional highs and lows.
The Right Club for the shot
In golf, a player selects from a variety of clubs, each designed for a specific type of shot and distance.
In trading, an investor uses different strategies tailored to particular instruments and timeframes. Just as a golfer wouldn’t use a driver for a close-range putt, a trader shouldn’t apply a long-term investment strategy on a 1-minute timeframe.
The key is understanding which tools to utilise for the setup, whether it’s choosing a wedge to escape a bunker or a driver to blast the ball down the fairway.
Different Scenarios
Golf courses are full of diverse challenges, from long par 5s to intricate par 3s as well as those horrible 4s too long to drive, yet technical. A golfer must adapt their approach to the difficulty of each hole, just as a trader must respond to different market conditions.
A poor shot on a par 5 might still recover with subsequent careful play, similar to how traders can bounce back from a loss with well-planned actions in subsequent trades. Success in both fields relies on adapting to circumstances while focusing on the overall objective. Remember there are 18 pins on a golf course, one bad shot doesn’t cripple the account (I mean, doesn’t end the game).
Managing Emotions
Golf is notorious for inducing a wide range of emotions, from the frustration of a missed putt to the euphoria of a perfect drive. Trading elicits similar emotional responses; the thrill of a profitable trade contrasts sharply with the despair of a loss. You ever notice that you take profits early and let losses run too long? Yup; not wanting the ball in the woods is the same, yet we still reach for the driver.
Both golfers and traders must manage their emotions effectively to maintain focus and make rational decisions. Emotional discipline is vital; letting emotions dictate actions often leads to mistakes, whether it's over-swinging in frustration or impulsively buying or selling a stock. Risk management in either scenario.
Learning and Improving
Professional golfers continuously work to refine their swings and improve their game. Similarly, traders must commit to ongoing education and self-improvement. Doctors or lawyers don’t become professionals after watching one or two videos online. Neither does a trader.
Analysing past performances, whether it’s reviewing a golf game or assessing trading results, is crucial for identifying areas of improvement and fine-tuning strategies moving forward. But only you can do this “honestly” claiming a birdie when it should be marked as a bogey is only cheating yourself.
To Master the Art
The pursuit of mastery in both golf and trading is a lifetime journey.
Neither field offers shortcuts to success; both require dedication, practice, and resilience. However, the sense of accomplishment and reward from mastering a challenging golf course or successfully navigating complex markets can be immensely satisfying and still that one bad shot is soul-destroying.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.