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What is the secret of success? 🌴 Being Wrong is OKAY!Here is the 5 TIPS TO DO with your mistakes: 1. Acknowledge Your Errors So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone. Before you can learn from your mistakes, you have to accept full responsibility for your role in the outcome. That can be uncomfortable sometimes, but until you can say, “I messed up,” you aren’t ready to change. 2. Ask Yourself Tough Questions While you don’t want to dwell on your mistakes, reflecting on them can be productive. Ask yourself a few tough questions: • What went wrong? • What could I do better next time? • What did I learn from this? Write down your responses and you'll see the situation a little more clearly, sometimes from different side. Seeing your answers on paper can help you think more logically about an irrational or emotional experience. 3. Make A Plan (checklist) Beating yourself up for your mistakes won’t help you down the road. It’s important to spend the bulk of your time thinking about how to do better in the future. Make a plan that will help you avoid making a similar mistake. Be as detailed as possible but remain flexible since your plan may need to change. Creating checklist of trading criterias (for entry, for stop loss, for target etc) can be very helpful. Make sure you have it in front of your eyes before open a trade or close it. 4. Make It Harder To Mess Up Don’t depend on willpower alone to prevent you from taking an unhealthy choice or from giving into immediate gratification. Increase your chances of success by making it harder to mess up again. To prevent yourself from having instant loss split your deposit to several accounts and make sure you using only small part of it for "intraday" or "scalping" trading. Additionally split your deposit for Savings account and Spot trading. And if you new to trading use only about 15% of your investment to learn, and don't touch other part untill you gain good experience. 5. Create A List Of Reasons Why You Don’t Want To Make The Mistake Again Sometimes, it only takes one weak moment to indulge in something you shouldn’t. Creating a list of all the reasons why you should stay on track could help you stay self-disciplined, even during the toughest times. Create a list of all the reasons why you shouldn’t enter the market, it could be your emotional state, willing to revenge on the market or might be a price action setup, fundamentals or something else. It will help to resist the temptation to enter bad trade. Self-discipline is like a muscle. Each time you delay gratification and make a healthy choice, you grow mentally stronger. Cycle of Trading Psycology tips: HOW TO BALANCE YOUR LIFE AND TRADING 5 TIPS FOR SMALL ACCOUNTS Savings Account GAINS explained Simple Investing Strategy, Affordable for all! Best regards, Artem Shevelev
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BITFINEX:BTCUSDEducation
by ArShevelev
56
🤦🧪📉 Example JSW Steel - Selling on Strength Helps NSE:JSWSTEEL An Introduction to Price Action Trading Strategies helps for long-term investing as well. Here in this example of JSW steel,where would be better off selling in price action strength when stock price jump usually at a higher level The first thing I do is look at the chart and see if it has any apparent patterns. If not, then I will look at the volume profile. This tells me whether the stock is driven by fundamental news or technical factors. Exiting would have saved you 17 months of underperformance and also testing your patience. Learn the Opportunity cost your money disc: Never invested , no intention at the moment. Sharing knowledge that
NSE:JSWSTEEL
by Peaceful-Weekend-Investing
S&P 500 Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: As indicated on the chart analysis for February 23, the S&P 500 (Spooz) index excelled yet again as expected, bouncing off the strong Mean Support 5060 and reaching a new high. The main up price target for the index is Outer Index Rally 5170, with a prospect of extending to the next Outer Index Rally 5280. Notwithstanding, once the 5170 level is accomplished, the index is expected to drop somewhat and continue its journey toward the Outer Index Rally at 5280. In view of the fact that the uptrend is so strong, we do not have any viable support or resistance levels for slower time frame charts (Swing/position trading mode). We will monitor the price action this upcoming week and determine what and when we should unload or exit the market.
SP:SPX
by TradeSelecter
KAVA ANOTHER COIN FOR QUICK PROFIT I can tolerate the price at the moment that it can drop to 0.8, which price would it be DCA. We see the formation of Wyckoff, many coins have already done it and the point is to find those who haven't. Coffee is one of them. There is a chance to double the profit here and I would not save it for the long term. Momentum and volume are increasing, which is a positive sign. We will receive confirmation when the price breaks AR, 1.05 For the output, I will update if the price breaks through. Look at the previous analyzes that were perfect and write if you are satisfied
Long
by learnfromfailure
$PCYG from micro to small-cap as USA rolls out food traceabilityFSMA Rule 204 is coming into effect after the State of California won a lawsuit against the US Federal Government to enforce the law that was passed but sitting idle since the Obama Admin. Park City Group, Inc. owns the software Repositrak that has the most accreditation from the food safety industry. CEO has the pep in his step as the demand for food traceability solutions will be huge in the years to come as 204 gets rolled out. Read this to learn more about it www.qualityassurancemag.com
PLong
by inanis_
EUR/USD Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: In this week's trading, the Eurodollar lacked significant price movement, revolving around the Mean Resistance level of 1.085. This means that the currency has been experiencing a period of consolidation with no clear direction. However, based on recent price trends, we expect the Eurodollar to move towards our Mean Support level of 1.077. This may trigger further downward movement, leading to an additional decline. If the downward movement continues, the Eurodollar could reach the Inner Currency Dip at 1.065, which is the primary target. The Inner Currency Dip 1.065 is where the currency is expected to have the most significant support, and a reversal in trend can often occur. However, this decline will happen gradually, with Mean Support levels at 1.070 and 1.067 as intermediate upside price effects. It's important to note that various factors, such as economic data releases, political developments, and global events, can influence the Eurodollar's movement.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of March 1, 2024Technical Analysis and Outlook: Bitcoin's price action saw a remarkable surge in the current week, which should not come as a surprise to this audience. After breaking through the completed Outer Coin Rally at 53000, Bitcoin's legit targets were 55000 and 59829, as this would. Bitcoin is setting itself up for the next launch, the Inner Coin Rally at 69000 and the Outer Coin Rally at 81400, which is expected to break records and disappoint those who have dismissed cryptocurrencies. However, a pullback to the Mean Sup at the 60400 price is a transient dip before the next rally. Nevertheless, the overall outlook for Bitcoin remains promising as it continues to attract more investors and gain wider acceptance. Therefore, it is crucial to keep a close eye on Bitcoin's price movements and market trends.
BITSTAMP:BTCUSD
by TradeSelecter
5PercentTrade Trade Ideas - SHARDA CROP#5PercentTrade #Equity #5%Profit_Trade_in_21_Days Stock Name - NSE:SHARDACROP Launching our next service of Equity Investment which is designed to give you 5% to 10% return in lest than 21 days via #Equity #Investment. Trade Process :- ✅ - Buy only at Buy Level as recommended in the chart. Use GTT feature available with all online brokers. ✅ - On successful purchase, immediately create a SL GTT (Stop Loss level asper chart). ✅ - Once Stock Price is at Target 1 level, move your SL to Cost Price or 3% down from Target 1. ✅ - Keep Trailing the SL as Stock Price moves to next Targets. Share this message to your friends and ask them to join
NSE:SHARDACROPLong
by Nivesh_Labs