What Billionaires Taught me About TradingDid you ever wonder why influential people wear the same clothes every day?
• Mark Zuckerberg wears his famous round neck grey t-shirt.
• Richard Branson wears his famous pair of jeans.
• Steve Jobs wore his black turtle neck.
• Barack Obama wears either his blue or grey suit.
Well other than promoting their signature look, there is a much more deeper and important reason for it…
You might want to consider this analogy for not only trading, but for every important aspect of your life.
Why Mark Zuckerberg wears the same outfit
Facebook CEO, Mark Zuckerberg held the first ever public Q&A session at FB California headquarters in November 2014.
During the hour session, he was asked why he wears the same grey t-shirt every day.
Here was his answer:
“I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community,”
“I feel like I’m not doing my job if I spend any of my energy on things that are silly or frivolous about my life,”
Less decisions – More success
This concept to make one decision on what outfit to wear, is to help prevent ‘cognitive fatigue’.
One less decision to worry about in life will save your brainpower capacity to help make decisions that matter for the future.
Besides, the more decisions you make – the more complicated life is.
Ok, so you got the gist…
Here’s what this lesson taught me about trading
As a trader, there is plethora of events taking place every day.
There are countless factors to consider:
• Markets
(Forex, shares, indices, commodities and cryptos)
• News events
(Employment, GDP, macro & micro announcements)
• Indicators
(Moving averages, RSI, MACD, Price action etc…)
• Time frames
(Tick, 5 minutes, 30 minutes, daily, weekly)
• Strategies
(Moving average crossovers, breakout patterns, volume analysis)
It’s enough to test everything until the end of time!
That’s why, I have personally worn the same metaphorical outfit for the last 14 years.
NOTE: It took me 7 years to find this outfit!
1 Strategy – MATI Trader System
1 Time frame – Daily
1 Indicator – Price action
1 Risk level – 2%
1 Financial instrument – CFDs
It’s all about finding what you find comfortable, consistent and sustainable…
How to find your one outfit when you trade
This is most definitely a self-introspection journey to find the ‘outfit’ you will be wearing as a trader.
To start, write down your trading strategy and markets you want to trade…
My biggest tip – Keep it simple, minimalistic and comfortable…
Meta
META Simple Chart AnalysisMeta - Resistance 124 & 138. Support 112 area. Red chip are appearing more aggressive here. Individual may relook into this.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red Chip = $$
Green Chip = XX
META to extend losses even more?Meta - 30d expiry - We look to Sell a break of 107.98 (stop at 115.15)
The primary trend remains bearish.
There is no clear indication that the downward move is coming to an end.
This is curremtly an actively traded stock.
108.32 has been pivotal.
A break of the recent low at 108.32 should result in a further move lower.
Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 91.04 and 88.04
Resistance: 126.40 / 134.00 / 142.00
Support: 115.00 / 108.50 / 96.00
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The rule of 20 for valuation, 100 year looklets look at 150 years of stock prices and see how valuation with inflation played out, and apply the "rule of 20" as a guide. The rule of 20 is a benchmark regression that essential says when PEs and cpi inflation are added together they should be under 20 for stocks to be attractive historically. SPX DJI QQQ NASDAQ:NDX GOLD
FACEBOOK(META) Swing Short! Sell!
Hello,Traders!
FACEBOOK is trading in a downtrend
And the stock is about to retest
The broken key horizontal level
Which is now a resistance
From where a bearish continuation
Is to be expected
Sell!
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See other ideas below too!
$TSLA $AMZN $GOOGL $MSFT $AAPL $DOGEUSD $NFLX $SNAP $META #NIFTYNASDAQ:TSLA
Fair Priced.
> 70% down from the ATH
Now opportunity to double the money.
CMP 125$
Target 250$
Duration < 12M
SL 60
RR > 2 time
Return > 100%
Bet is worth taking the risk!
TSLA AAPL AMZN GOOGL MSFT NFLX SNAP META NIFTY BANKNIFTY V JPM GS ADBE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
META Potential for Bullish Rise | 21st December 2022Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 110.85, where the 38.2% Fibonacci line is. Stop loss will be at 96. 40 , where the 78.6% Fibonacci line is. Take profit will be at 137.66, where the 50% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
$DJI forms Outside Week (DAY)Had no plan for trades 2day barring huge opportunity, which not seeing
BUT like $META action in "bear" market
Did say keep this in mind
BUT THIS IS NOT THREAD FOR @facebook
It's for $DJI and its cronies #DJIA $DIA $UDOW $SDOW
WE HAVE HUGE MOVE in place with more to follow
Being this is WEEKLY the paint = more important
31.7k is 50% retracement but IMO we're likely retesting 30k next year, just don't see bloodbath ending year
Another post which may or may not post here later
AFAIK no such thing as HOVER pattern🤣
Me having FUN
BUT
could be precursor to one! IHS patter is hint
META Diagonal Put 95 Dec 9/100 Dec 16Bear Rally Set Up:
A couple weeks ago we set a new low around 88ish which has lead this back up to the 20 day. It's actually been basing at the 20 for a few days getting ready to make another move. The overall trend is bearish. The entry point was determined by waiting for this to trade below the previous day low. Conditions at these levels solidify an entry point. As for my stops, I'm set up for max loss. So if this doesn't go my way....oh well. Next. I've got my eyes set on 95 as my target. It's out of the money target, but as I said before, the overall trend is bearish and if this does decide to head lower, it may want to fill those gaps it made before it got up here.
Diagonal Spread Strategy:
So,we've established this is a bear rally. I've decided to go with an out of the money diagonal strategy since this has a bearish trend and the overall tech sector is getting weaker. The charting criteria needed to enter this position has been triggered, trading below the previous days candle at the 20 day. The strike prices and expiration dates were determined by envisioning this to fall below 95 by late next week... or right around December 5the or 6th... making it's way back to the apex of the strategy and closing it out December 9th or the 8th. Position management is very simple, if this fall below 95 and stays below it come December 9th I'll just close the entire combo out and move on. I'm set up for max loss, so if this decides to trade sideways or continue higher, it won't matter to me.
Trade Setup:
Meta recently made a new swing low around 88ish. Since then, it's crawled back up to the 20 day and has been pretty stable in this area the last few days. Meta is also still trading below a falling 50-day SMA. This trend analysis is good to move on to the entry criteria. This rally has brought the stock back to the 20 day with lower and somewhat equal volume the last few days. Because it traded below the previous day, it triggered the entry.
T.E.S.T.
Timeframe: I put this out 3 weeks to hit my target.
Entry: My entry was about 109.45ish.
Stop: I'm set up for max loss.
Target: 95
Profit Score:
Potential: 15.00
ATR: 6.62
Score 2.27
Stock Outlook: -1
I'll update this as the days goes by.
META reached our target. What's next?Over a month ago (November 10) we posted our outlook on the Meta Platforms Inc (META) following the cutting of 11k jobs (also feature on the Editor's Pick):
As you see our target has been hit as the price rose and reached the top of the Channel Down pattern that the stock has been trading in since February. The buy signals at the time were obvious as the 1D RSI bounced on the Oversold Zone as it did back in late February/ early March. The question is what happens now?
Well we will not diverge from our usual pattern break-out strategies. Right now the stock is on sell levels, being that close to the top (Lower Highs) trend-line of the Channel Down as well as having hit the RSI's Resistance Zone (red). As you see, this is the zone where since November 15 2021 (i.e. more than a year) forms all the Lower High rejections on META. For as long as this holds, we expect the price to hit 89.25 (January 20 2016 Low) and the 72.10 (August 25 2015 Low).
On the other hand, we will buy if the price breaks above the 1D MA100 (green trend-line), which has been unbroken since December 30 2021, and target the 1D MA200 (orange trend-line). A candle closing above the 1D MA200 (preferably on the weekly scale), should be enough to confirm META turning bullish on the long-term.
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Meta Platforms Analysis 13.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
META Potential for Bullish Rise| 9th December 2022Looking at the H4 chart, my overall bias for META is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 110.85, where the 38.2% Fibonacci line is. Stop loss will be at 96.40, where the 78.6% Fibonacci line is. Take profit will be at 137.66, where the 50% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MEGATRENDS Shaping the future (part 2)This is part two of what is changing the world for the future...
Last time we spoke about the first 4 Megatrends.
Electric Vehicles & Autonomous Driving
1. E-shopping & Drop Shipping
2. 3. AI & Machine learning
3. Online businesses
The next four MEGATRENDS are...
Metaverse
NFTS
Blockchain and Cryptos
Web 3.0
Mark Zuckerberg is beyond his years as he sees the future with the Metaverse to come (VR, AR and a combination of both)
IN the near future, many industries will apply the Metaverse to everyday including medical, education, entertainment, socialising, trading, meetings and even e-games and e-sports.
NFTs took off and flew in the first few months as artists, musicians and celebrities took advantage of buying and selling digital products for a purpose... I know NFTs have had a bad sour taste as the prices have crashed and there is less confidence but they'll be back and stronger than ever after the bubble. WHY? Because we have the infrastructure to do so.
Blockchain and Cryptos - Yes I know we are currently in a long winter with traders getting destroyed and investors losing all hope and confidence.
But this is all because of fear, greed, BAD management, over confidence in sh$$t coins and low regulations. Yes we need regulations unfortunately. It will take time, but they will come back and will shape the future.
Not just the coins but the technology and smart contracts to present opportunities for finance, commerce and investments.
Web 3.0 the internet has evolved from not being able to post or add onto the net to being able to do so. And now with Web 3.0 where people will create their own social platforms, banking systems, games, programmes without making the fat cats rich. There'll be less intermediaries where YOU will have the true power too run and profit from.
Timon
MATI Trader