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GBPAUD 5/10/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS - LIQUIDITY <- TARGET SM BLUE LINES - POTENCIAL SNIPER ENTRIES WITH SM BOX - GAP's GOD BLESS U ALL!
by Snipers-Academy
XAUUSD 2/10/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
FOREXCOM:XAUUSDShort
by Snipers-Academy
US30 2/10/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
OANDA:US30USDLong
by Snipers-Academy
GBPNZD 2/10/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
by Snipers-Academy
USOIL 2/10/2019Hello Traders! We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
TVC:USOILLong
by Snipers-Academy
Trading MindsetWELCOME TO WORLD OF TRADING Hi everyone, what I am about to talk right now is concerned with trading psychology. Everything that I am about to say right now is also a crucial aspect of my psychology and mindset that is fueling me to write this for you guys. Hence, we can deduce one thing from this. Psychology is the most important factor in deciding your future as trader. I will be honest upfront with you guys. So you’ve been introduced to the world of trading by your friend, family or anyone that doesn’t matter, so you’ve been told how the guy next door is making thousands of dollars with just few hours of work while you out there hustling yourself to exhaustion and making just about to survive your month doesn’t seen fair right? And exactly this guy has results to show for it to make you believe how if he can do it anyone can. Or you’ve seen couple of stories, Instagram post, Facebook post promising exponential gains in a few hours. With that said I want to address 2 main problems associated with trading which I believe are significantly important to understand before you step out there or if you’re already out there and struggling. 1) Holy grail in trading (a way or a method that will promise you returns on daily basis) Holy grail in trading what is it and does it exist? To answer this question, I want you to ask yourself a question first: why you are trading and what do u want to achieve from it Now that you’ve asked yourself that kindly note if the answer to these questions is (firstly: I want to accumulate wealth as soon as possible and drive a luxurious car next month. Secondly: I only want to find a way in trading that works 100% and gives me return on my investment daily) If these are you believes I am afraid to say you have work to do on yourself not on your system of approach of trading. Financial markets are a world of chaos there are millions of possibilities out there every day (imagine you just focus on 1 possibility consistently every day, where will that take you in the next coming years think about it) There are successful traders out there, trading and making living out it (the so-called narrative only 5% of people can make money in the markets) where’s the difference? The difference lies not on support was breached, trend line was broken or respected but on their mentality and mind set these people very well understand how market moves and work but be cautious they will never follow the market: no one in world has the intellect and memory to remember each and every tick movement of the market these people are focused on themselves and their performance in the market. They know exactly when to trade and when to stop trading. The approach of such people is not irregular but systematic and disciplined. To sum it up financial world is a world of chaos with billions of possibilities (FOCUS ON THE ONE THAT MAKES SENSE TO YOU AND COINCIDES WITH YOUR PERSONALITY AND ROUTINE) anyone can trade Weather your doctor or an engineer or just a high school student provided you are consistent, disciplined and motivated (YES UNDERSTANDING OF MARKET MOVEMENT IS VERY CRITICAL BUT YOU DON’T HAVE TO FOLLOW AND TRADE EVERY MOVE). 2) More importantly your Mind set (psychology) Now if you remember I asked you 2 question in the beginning 1st paragraph. If you focus on the fundamentals of that question, they are based on you and your way thinking (NOT ON YOUR METHOD OF TRADING LIKE I STRESSED EARLIER THERE ARE BILLIONS OF WAY OF MAKING MONEY IN THE MARKET STICK TO SOMETHING U BELIEVE IN ) I myself have been trading for almost 1 year am I a millionaire? No, I am not (and I say it proudly) I too was introduced in a conventional way just like many of you are. But trading (IS NOT A GET RICH QUICK SCHEME) (THIS NEEDS TO BE OUT THERE) but rather a skill set and unregulated chaotic state of mind that needs correction and discipline of execution which will I guarantee you results which brings me to my final and most important point YOU ARE THE MOST IMPORTANT PART OF YOUR TRADING JOURNEY Focus on yourself (yes u do need to understand the dynamics of market and its movement but alone with that I’m sorry to say you can’t achieve what u hope to achieve Let’s do some simple math’s in term of percentage shall we to give you an idea what I’m talking about Account size USD % return on investment USD ROI Account size X10 USD % return Usd ROI 1000 2 20 10,000 2 200 10000 2 200 100,000 2 2000 100000 2 2000 1,000,000 2 20,000 Don’t exhaust yourself trying to get rich fast as possible that won’t work at least not in the long run focus on getting solid return percentages first weekly, monthly, yearly consistently and get a job to build yourself step by step don’t rush the process and always believe in yourself give me a like if you agree
Education
by Danialhassan
1
Tired of Losing? "The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers, and consecutive losers which lead to a draw down. It is easy to get caught up in the heat of the moment depending on where you currently are. But it does not really matter what part of the cycle you are in, it is all part of a traders life and the cycle of a trading performance. Stop Predicting! It is a false belief to believe prices and markets can be predicted. If it were possible eventually the majority of market participants would figure it out and there would be no one left on the other side of the trade, and the market would cease to exist entirely. If it were possible to predict markets, you could avoid losing trades and only take winners. Anyone who has been trading for very long knows this is simply not the case. The problem with making predictions is you then shut your mind off from the information the market gives you. Instead of being open to what is happening, your mind becomes rigid and can only take in what confirms your beliefs. This prevents you from being able to flow with the market, and open your self to the opportunity in front of you. The best traders admit when they are wrong, get out, and even reverse if necessary. If you dont believe this - listen to a stock analyst on Mad Money or any other TV show about stocks. They are often so confident in what they say that they might even convince you! But there is a reason why he is on TV talking about markets, and not trading them. If he could trade the markets and make money he would have no reason to go on TV as the financial rewards are miles apart. In fact, analysts make the worst traders because they are so caught up in their thoughts and beliefs about market direction that they cannot trade effectively! Cease efforts "Wu Wei" In Eastern Philosophy there is a term "Wu Wei." It cannot be fully understood or explained in words, only experienced. At the essence of its meaning is to "Let be" to "allow" or "flow like water down a stream." The point is to stop resisting, and stop trying so hard. The harder you grasp at something, the harder you try to succeed, the more you fail. If you are constantly trying to make money, and constantly trading, you are probably not making a consistent return. Rather than trying so hard, let trading come naturally. Profitable trading is effortless. It does not require thought, only action. In fact, I try to do as little as possible, and trade as little as possible. My most profitable weeks I hardly trade at all! This has become a fundamental aspect of my trading system. Instead of constantly trying to make money all the time, I simply wait for a pot of gold to be in front of me before I do anything. Then, I take it. Again if you dont believe me; try as hard as you can tomorrow to make as much money as possible and see what happens! Stop Trying to Remove or Control Emotions - Most traders who have been trading for a while come to the idea that emotions prevent them from success and are standing in their way. I know, as I have been there. And so we try as hard as we can to remove emotions from our trading. There is a problem with this concept. You are a human right? As long as you are human, you will have emotions; no matter how hard you try to remove them. It is simply not possible. So removing emotions or attempting to do so is the wrong approach. Instead; use your emotions to your advantage! They are warning signs; listen to them. Then there is the negative internal dialogue which the market often brings out. After a series of losing trades, many traders get upset and feel bad. They blame the market for taking from them, and feel like a loser. How do you think a trader will perform after feeling this way for a few days or longer? His performance suffers as he tries to take back what was once his and he compounds his mistakes by trading out of a negative mindset. You have to learn to recognize and become aware of your internal dialogue. It is very important to your trading career, and your every day life. Most of us live our lives without the slightest idea as to what we are doing to our selves. Your mental structure is a choice. This is what I mean when I say "The Market cannot hurt me, I can only hurt my Self." My Trading Psychology book "A Traders Mentality - The Path of Self Discovery and Being a Trader" is all about these ideas and how to free your mind and better your trading performance. If you found this helpful, please like! Feel free to comment or ask questions.
SP:SPX
by tradersmentality
Tired of Losing?"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers, and consecutive losers which lead to a draw down. It is easy to get caught up in the heat of the moment depending on where you currently are. But it does not really matter what part of the cycle you are in, it is all part of a traders life and the cycle of a trading performance. Stop Predicting! It is a false belief to believe prices and markets can be predicted. If it were possible eventually the majority of market participants would figure it out and there would be no one left on the other side of the trade, and the market would cease to exist entirely. If it were possible to predict markets, you could avoid losing trades and only take winners. Anyone who has been trading for very long knows this is simply not the case. The problem with making predictions is you then shut your mind off from the information the market gives you. Instead of being open to what is happening, your mind becomes rigid and can only take in what confirms your beliefs. This prevents you from being able to flow with the market, and open your self to the opportunity in front of you. The best traders admit when they are wrong, get out, and even reverse if necessary. If you dont believe this - listen to a stock analyst on Mad Money or any other TV show about stocks. They are often so confident in what they say that they might even convince you! But there is a reason why he is on TV talking about markets, and not trading them. If he could trade the markets and make money he would have no reason to go on TV as the financial rewards are miles apart. In fact, analysts make the worst traders because they are so caught up in their thoughts and beliefs about market direction that they cannot trade effectively! Cease efforts "Wu Wei" In Eastern Philosophy there is a term "Wu Wei." It cannot be fully understood or explained in words, only experienced. At the essence of its meaning is to "Let be" to "allow" or "flow like water down a stream." The point is to stop resisting, and stop trying so hard. The harder you grasp at something, the harder you try to succeed, the more you fail. If you are constantly trying to make money, and constantly trading, you are probably not making a consistent return. Rather than trying so hard, let trading come naturally. Profitable trading is effortless. It does not require thought, only action. In fact, I try to do as little as possible, and trade as little as possible. My most profitable weeks I hardly trade at all! This has become a fundamental aspect of my trading system. Instead of constantly trying to make money all the time, I simply wait for a pot of gold to be in front of me before I do anything. Then, I take it. Again if you dont believe me; try as hard as you can tomorrow to make as much money as possible and see what happens! Stop Trying to Remove or Control Emotions - Most traders who have been trading for a while come to the idea that emotions prevent them from success and are standing in their way. I know, as I have been there. And so we try as hard as we can to remove emotions from our trading. There is a problem with this concept. You are a human right? As long as you are human, you will have emotions; no matter how hard you try to remove them. It is simply not possible. So removing emotions or attempting to do so is the wrong approach. Instead; use your emotions to your advantage! They are warning signs; listen to them. Then there is the negative internal dialogue which the market often brings out. After a series of losing trades, many traders get upset and feel bad. They blame the market for taking from them, and feel like a loser. How do you think a trader will perform after feeling this way for a few days or longer? His performance suffers as he tries to take back what was once his and he compounds his mistakes by trading out of a negative mindset. You have to learn to recognize and become aware of your internal dialogue. It is very important to your trading career, and your every day life. Most of us live our lives without the slightest idea as to what we are doing to our selves. Your mental structure is a choice. This is what I mean when I say "The Market cannot hurt me, I can only hurt my Self." My Trading Psychology book "A Traders Mentality - The Path of Self Discovery and Being a Trader" is all about these ideas and how to free your mind and better your trading performance. If you found this helpful, please like! Feel free to comment or ask questions.
Education
by tradersmentality
The Hardest Part of Trading (Not what you Think)Seeking More information - When first introduced to markets, every beginner immediately thinks he must learn the rules of the market in order to succeed. He initially believes there is a "holy grail" a system, a leader, or a mathematical equation like Fibonacci levels. He believes these will protect him in the market, and will lead him to a profit once he understands them. The problem is, there are no set rules which work consistently in the market. If there were, the institutions and everyone else would simply use them. What would happen then? Well, there would be no one or institution to take the opposite trade, and the market would cease to exist altogether. And so the new trader changes from one system to another, from one guru to another, and constantly thinks he must learn more information in order to succeed. What he believes to be preventing his success is a lack of knowledge, a lack of information. But you see, the more information you have does not necessarily lead to better decisions. There is a lot of evidence to support the contrary, and suggests that too many choices actually impair decision making skills. On top of this, most of the information in the trading world is quite simply wrong. There are 10 x more scam artists who claim to "know" and will take your money to teach you how to trade than there are profitable traders. These people do not understand markets them selves, and cannot make money in the market, so instead they prey on new market entrants. This is the primary reason I started my trading website; to provide high value information at a low cost. And to give those who are serious about trading an actual chance to make it in the markets. Dealing with Uncertainty - The reason most traders seek new information is because they are afraid of uncertainty and want certainty. They seek something to protect them in the market. Something to protect them from themselves. A system that will guarantee a profit. But there is no such thing. Markets constantly change and evolve through the market cycle. And there is no system that works across all three parts of the market cycle. The sooner you realize this, the closer you will be to making a profit. It is very hard to learn how to deal with uncertainty. But you do it every day. When you wake up in the morning are you certain you will live through the end of the day? No, and you can never be completely certain of this. Certainty is an illusion. There is no certainty in this life. The only certainty is... uncertainty! Patience and Discipline (Ability to Do Nothing) - Every profitable trader uses these two terms (patience and discipline) when asked how they are profitable. When a beginner hears this, he rarely understands what this means. Discipline means doing something even when you dont want to do it, or doing something you dont want to do. Patience means waiting for your turn, or waiting for something to happen. In other words, when the time is not right you must do nothing. This stokes a fear in most people, especially in today's give me distractions, social media world. They say "Well what am i supposed to do if i am doing nothing?" Doing nothing seems contrary to getting what you want, getting somewhere. In and outside of the trading world everyone believes in order to be a "trader" you must trade - constantly. This is why most lose money. Because they do not understand that there is a time for doing nothing. And that time is most of the time! See more on understanding markets (Price Action Trading) and yourself (Trading Psychology) at my website below. If you found this helpful please like! Feel free to comment or ask questions.
SP:SPXEducation
by tradersmentality
BITCOIN-Bulls Have Everything Under Control. Relax! EmotionsD4rkEnergY is back, and he is more ready than ever to bring you this update on Bitcoin. Did you see the latest calls? First the brake through historical important 11,600 USD, and the Long to just under 14,000 USD, for hereafter giving the Stop Hunt Warning. And a few hours later, we got a 2,000 USD Stop Hunt.... Relax... Lets talk Emotions When I wake up, and I see BTC is at 13,000 USD, I also feel Fear of Missing Out (FOMO). My heart starts instant to beat faster, I can feel a rush in my body and when I then go into TradingView or Twitter, and see that everyone is talking about 20% gains everywhere, and I see, that people are panic buying, I also panic, and I want to buy. When I suddenly see huge long red candles, and a 2,000 USD stop loss, I also get anxious, I start to get clammy hands, I start to sweat, and suddenly everyone is starting to panic sell, I also panic, and I want to sell. So what is happening? Without going into too many details, when we see someting, our brain starts to interprete the event, which then sends signals to our sympathetic nervous system, which is the reason why we get a physical reaction. Somebody also knows this as the fight flight response. Why Trading is Hard In daily life it can be a good thing to listen to your feelings, and act on them. But not when it comes to trading (usually). The reason why trading is hard, is because, you often have to do something that is CONTRARY to your feelings to win. So when events like I have described for you above occurs, most people have a hard time to control their actions, and act on their feelings AND being consitstent with it. And suddenly within miniutes you might already have entered and exited a couple of trades and lost. The point is here, that we are NOT trying to change our feeling, but we are trying to change your actions. Solutions Things like a strategy, money- and a risk mangement all contributes to a more healthy mindset, which help you to not act on your emotions. If you want to take it to the next level, which I have done, you can do mindfullness and meditation exercises, which have scientific evidence that it helps on stress reduction and in general the para sympathetic nervous system, which is the response that go in and regulate your nervous system. D4 Loves You <3 Please give a LIKE, and I will go more into detail about the current BTC-situation! Thanks in advance.
BITMEX:BTCUSD.PLong
by D4rkEnergY
22
Day Trading - Only Strong Trend Days Day Trading - Only Strong Trend Days (Can also be used on HTF) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability of a large reward, with a tolerable risk. Usually the risk feels greater (and often is) on a strong trend day because there is a sense of urgency, and the bars are often bigger than normal. On trading range days the bars tend to be smaller, offering what appears to be a lower reward, but there are many more failures and reversals. This makes it very difficult to identify a good setup, and even when there is one the market does not make it very far before there is an opposite reversal. This lures unsuspecting traders in, who continue fighting the market taking every trade or only the losers. This type of market is like a boa constrictor. The more you fight, the more you struggle, the tighter its grip and the harder it is to overcome the draw downs and emotional fatigue. Because these types of days are hard to trade and do not offer what I want (a good chance at a large reward), I choose to sit these days out. Instead, I wait for a strong trend day, and then continue to wait some more for a pullback and my edge. Does this mean I miss out on some good moves? Sure. But I do not care. I trade to win, not to trade for fun. It does not matter what I miss, it only matters what I take and the actions I make in the market. So how does a trader know if the day is a trading range day or likely to become a strong trend day and should be traded? In order to help guide you, here are some common characteristics of a trend day. "......" After the above has been identified - it is still better to wait for a pullback and an edge like a "......." This increases the likelihood of a good trade with a strong traders equation. It also helps decrease stress of prices going against the position as it often does when you just enter at the market or without an edge. Of course, waiting is not easy. Just like Tom Petty said "Waiting is the hardest part!" Does this mean you are less likely to lose? Usually, but not always. Even with trend trades fail, although less often. It is absolutely possible to lose money selling in a bear trend or vice versa. The key is to continue onward, and enter the next with trend trade if there is one. If not, or it also fails, prices are more than likely in a trading range and you just haven't yet realized it. If this is the case, it is often better to stop trading and wait for a strong trend day, rather than continuing to fight the market when it is not offering what you expected. **These ideas and strategies can also be applied to higher time frames and long term investing. "..." = withheld material from original post (members only material). If you found this helpful please like! Feel free to comment or ask questions
by tradersmentality
Trading - Only Strong Trend Markets Day Trading - Only Strong Trend Days (Can also be used on HTF for investing) There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability of a large reward, with a tolerable risk. Usually the risk feels greater (and often is) on a strong trend day because there is a sense of urgency, and the bars are often bigger than normal. On trading range days the bars tend to be smaller, offering what appears to be a lower reward, but there are many more failures and reversals. This makes it very difficult to identify a good setup, and even when there is one the market does not make it very far before there is an opposite reversal. This lures unsuspecting traders in, who continue fighting the market taking every trade or only the losers. This type of market is like a boa constrictor. The more you fight, the more you struggle, the tighter its grip and the harder it is to overcome the draw downs and emotional fatigue. Because these types of days are hard to trade and do not offer what I want (a good chance at a large reward), I choose to sit these days out. Instead, I wait for a strong trend day, and then continue to wait some more for a pullback and my edge. Does this mean I miss out on some good moves? Sure. But I do not care. I trade to win, not to trade for fun. It does not matter what I miss, it only matters what I take and the actions I make in the market. So how does a trader know if the day is a trading range day or likely to become a strong trend day and should be traded? In order to help guide you, here are some common characteristics of a trend day. "......" After the above has been identified - it is still better to wait for a pullback and an edge like a "......." This increases the likelihood of a good trade with a strong traders equation. It also helps decrease stress of prices going against the position as it often does when you just enter at the market or without an edge. Of course, waiting is not easy. Just like Tom Petty said "Waiting is the hardest part!" Does this mean you are less likely to lose? Usually, but not always. Even with trend trades fail, although less often. It is absolutely possible to lose money selling in a bear trend or vice versa. The key is to continue onward, and enter the next with trend trade if there is one. If not, or it also fails, prices are more than likely in a trading range and you just haven't yet realized it. If this is the case, it is often better to stop trading and wait for a strong trend day, rather than continuing to fight the market when it is not offering what you expected. **These ideas and strategies can also be applied to higher time frames and long term investing. "..." = withheld material from original post (members only material). If you found this helpful please like! Feel free to comment or ask questions
A
by tradersmentality
Lessons from an Experienced Trader #3Lesson 7 Trade Outcome is Random The outcome of any given trade is random, no matter how strong your edge is. It is impossible to predict whether a trade will result in a loss, decent profit, or a windfall profit. Contrary to what most Price Action traders and price analysts believe, you cannot and will never be able to predict the market. Most amateur traders fail to recognize this fact, or deny this reality altogether. They believe eventually, they will be able to avoid losing trades and pick winners. They do not understand the outcome of any given trade is random, and therefore impossible to know before hand. Consider weather prediction as an example. Meteorologists have highly sophisticated weather models and algorithms to predict weather behavior, just like traders and institutions in the market. Yet the weathermen cannot accurately predict what will occur. They can say "There is a 60% chance of rain today if you live in X." But they cannot say exactly when or where rain will fall. It is the same in the market. You may have a good idea of what may occur, and even be right! However, there is still a reasonable chance (usually around 40%) that you are wrong, and the exact opposite will occur. The market is always right. It does not matter what you think or believe should or will happen. All that matters is what is happening. Just because a trade looks good or an edge is strong, does not mean it will result in a profit. There is still an opposing probability that it will fail. The point is that you will never know beyond a reasonable doubt what the market will do next. You may have a hunch, or a strong edge, but that will only get you so far. Therefore the only thing to do is to always take your edge, because you never know if this will be the windfall profit you are looking for, a small profit, or a loss. And quite frankly, it does not matter! Lesson 8 Market Outcome Does Not Matter The outcome of any single trade does not matter. It is very common for traders to become attached to the outcome of this individual trade. This is what leads to emotions, anger and frustration with trading and the market. We get stuck in the mindset that we have to win X amount of profit like 2X risk on this trade, or have to make money every day to be a profitable trader. This is not the case at all. In fact you only have to win one 1 or 2 really good trades out of 10 to maintain a consistent performance. Any single trade is irrelevant to a trading system or strategy. It is the cumulative result over a series of trades that results in a profit. This is why it is so important to know and only trade your edge, otherwise you introduce randomness into your performance, and are unable to produce consistency. *If you find this analysis helpful please like! Feel free to comment or ask questions.
AEducation
by tradersmentality
2
Lessons from an Experienced Trader #2Lesson 4 Know what you want in the market Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A click of the button. A few seconds. Maybe a few minutes at most to create bracket orders. So what do Professional Traders do the rest of the time? They wait. They wait until the market offers what they want or are looking for. Then after entering they wait some more to see if they are right. They wait for the market to provide them with the information to either hold, or exit. They allow themselves to Be, the trade to Be, the market to Be and do what it is going to do. They do not force actions or attempt to make the market do what they want. They wait until the action comes about on its own, until it is natural, a reflex. If you do not know what it is in the market that you are looking for, you will fold under pressure and confusion. A Professional Trader knows exactly what he wants (not just to make money), he knows what he is looking for in the market, and is willingness to wait for it to arrive. By doing so, he is rewarded and paid by the market for his patience and willing to do nothing. Even if this means not trading for hours, days, or even weeks depending on the time frame. It is far better to do nothing and avoid unnecessary losses, than to try and create tensions, forced actions, and lose money. You have to ask yourself "What is more important? The actual act of trading, or making money?" Lesson 5 Define your edge An edge is what you have defined as being what you want from the market in the previous lesson. This can be anything from a specific setup, to just plain context like a strong market. If you do not know what your edge is, you will struggle to perform consistently due to randomness. Many new traders, especially those who follow price action, believe they should be able to trade the market no matter what the context is. If you think you are just going to walk in to the market, trade based on whatever the market is doing and make money; you are fooling yourself. Doing so will lead you to trade randomly, entering willy nilly at the market, and make many mistakes which will cost you your profitability. Do you walk into Walmart or Aldi's without knowing what you want to buy until you get there? No, you have a list of items, or at least an idea of what you need before you go. Do you start a business because you woke up this morning and thought it would be nice to own a car wash? Hopefully not. You first identify an opportunity, and then create a business model after a lot of research. Then finally you open the business. Of course everyone thinks or says "well so and so does this and that, and he seems to be making money." Sure, maybe he is, maybe not. If he is, he has defined his edge and is simply employing it. What someone else does has absolutely nothing to do with what you should be doing. Once you have defined your edge, you must wait for it to arrive. If the market is not offering what you want or what your edge calls for, you do nothing until it is. If your edge is a trend trading method and the market is in a trading range, you do not trade until the market is trending. If you have not clearly defined your edge, you should not trade. If you do not know what it is in the market you want and are looking for, you have no business in the market. Simple as that. If you chose to do so, you are putting yourself at unnecessary risk and trading randomly. Yes this sounds harsh, but it is the reality of the market. The market will not give you anything, especially if you don't even know what it is that you want!
COINBASE:BTCUSDEducation
by tradersmentality
Understand The Bicoin-Mindgame Now - Or You Will be Crushed!You NEED to understand the Bitcoin-situation we are in! I have explained to you last time, how we in OUR FAMILY made $$$, cause I chose to be a CONTRARIAN to the market. Look at the Longs vs Shorts indicators. Everyone went short, but we chose to go Long. It's not easy, but this is a mindgame, and you need to be in the head of the whales to swim with the whales! In our FAMILY we are swimming with the Whales! The Wrong Mindset I talked a bit about the Whales/Smart Moneys plan yesterday. To sum it up - they have killed the Dumb Money again and again, and they kept adding to their shorts cause they have the wrong mindset: NOW we HAVE to go DOWN WRONG! Instead you should think like this: When everyone believes we won't go higher, WE WILL GO HIGHER. When everyone believes we have bottomed, WE WILL GO LOWER. What Will Happen Now and THE SECRET PLAN Normally I will only tell this to my FAMILY. But I have chosen to help you guys in this market, because too many people are losing money now. Right now the Whales/Smart Money want to go as HIGH as possible with killing Shorts (Stop Hunting) - they are trying to bait the Dumb Money to go Short (and look how the Shorts again are being a majority). That has been the plan from the beginning - And AS SOON the Dumb Money finally will go LONG, which is on the 5th Wave, the Whales will pull out the big Sledge Hammer and go SHORT. 2 Scenarios Everything is in principle pointing down. We are in an ascending wedge, Bulls are losing momentum and we have regular Bearish Divergence. BUT if you don't understand the mindgame you will be fooled, cause the Whales might soon strike again with one of the the following moves: GREEN: Is the easiest stop hunt. The whales will buy up quickly and make huge buy walls. And shorts will once again get liquidated. YELLOW: Its a more difficult maneuvre from the whales, but also more profitable if they succeed. In this way they will first manage to kill both Longs and Shorts. D4 Please give a LIKE
BITMEX:BTCUSD.P
by D4rkEnergY
16
The Bitcoin-Secret: How We Made HUGE $$$ - And Most People Lost!D4rkEnergY wants to reveal something for you. I shared it with my Team, and we made more than 150 % on Bitcoin. But how did I know, that we would continue to go up, WHEN basicially everyone was betting on DOWN. We were part of the 5 % who made money. We CHOSE to be contrarians, and THAT is exaxtly what you need to be once in a while. I will tell you the secret - and you will be part of our Team ASAP, so you can learn from this and dont miss out on the next run - Let's Understand The Situation We are In - How Dumb Money plays, and how Smart Money plays! 1. The pros/whales/smart money were accumulating Bitcoin around 3,000 USD. Notice that the volume is relatively low. The idea behind that is obviously not to attract attention, but also to do it in smaller bits for a longer period of time, so the price won't go up. I was the first one to spot that. 2. A lots of these people are still holding - obviously some of them have secured profit during the journey. 3. Whales have pushed the price higher and higher and higher, and short are getting killed. But how did I know we would go through 6k and 7k? The reason is that you have to think like a Whale. I have been writing more about that here: 4. Whales are now waiting for retailers to go LONG and turn their bias, which is about to happen. BUT and this is super important. They are also hoping they can hold this price for a while, and that the main stream medias will pick up on the story, so new people will FOMO in - AND if that is the case we might even see BTC go to 8,5k-10k USD 5. As you now can see, things are getting really clear. The Pros have bought in the accumulation phase, or we might have bought at the 2nd, 3rd or the beginning of the 5th wave. The Dumb Money/retailers have been Short ALL the way up to the 5th wave. And NOW they finally will go LONG. 6. So here comes the question for the professor - What will happen now? The Smart Money will obviously Sell and take massive profit while the Retailers once again are stuck - this time in a LONG on the 5th Wave. That is the difference on how Dumb Money and Smart Money operates. No1 D4 Please leave a LIKE, and I will keep you updated! Thanks in advance.
BITMEX:BTCUSD.P
by D4rkEnergY
11
Trading PsychologyMany traders seek consistency through the idea of mastering the markets. They consider them to be logical and therefore can be figured out. They believe with more knowledge of markets and how they operate, they will eventually make a consistent return. And so they continue searching in the markets for a reliable edge, or outside the market for a leader or guru to show them the way. They see their emotions as an enemy; something standing in their way of success, and so attempt to remove them completely; which is impossible. This idea, that the answer is out there somewhere, is a false belief. Most traders never stop to think that perhaps what they are seeking is already within themselves, right here. That all they actually need is to stop searching, and look within. In order to succeed long term you must first understand your self and the relationship between yourself and the market. Your emotions, thoughts, and perception of the market, and how these relate to actions taken in the market place. If you do not believe these are directly connected with your actions and therefore performance, you will likely struggle to maintain a consistent performance. Rather than viewing your emotions as an enemy, learn to use them to your advantage. Learn to understand the circle or cycle between you and the market.
by tradersmentality
BITCOIN: The BEST CHART AND ADVICE you have ever seen! ;-DHey cryptomaniacs and traders, welcome to another analysis...no sorry. I just wanted to wish you all a HAPPY EASTERN and want to remind you that coins and money is not the important thing in LIFE! Do I got some adviced for you? Yeah! I know we all might be chart-addicted and love to trade - We always check our portfolios and news. But all this can be stressfull, right? Take the time to recover - Refresh your mindset and don`t forget to celebrate Eastern with your family - You never know how long they stay! Health, freedome, time, family - All this is way more important than your financial freedome. So grant yourself a little break and focus on the real important things before we head into the next week. You will feel refreshed and happy! And a good state of mind will cause better decisions - and better trades. SO HAPPY EASTERN EVERYONE:-) -------------------------------------------------- Peace Irasor Wanna see more? Don`t forget to follow me! :-)
COINBASE:BTCUSDLong
by Trading2ez
8
Sssh... The SECRET BITCOIN PLAN - The Whale MindsetDear Friends D4rkEnergY is going to tell you a secret - something about THE BIGGER PLAN with Bitcoin. I have told you many times, Bitcoin is extremely bullish at the moment. So many things are pointing up BULLISH SIGNS - We have escaped the down trend line - Since December 15th where our uptrend started we have had increasing volume . We also call that Price/Volume Trend Convergence, which basically means that is supports the ongoing trend. - Bullish Momentum is huge - Increasing Global Market Cap and Volume , which tells us that the Market Sentiment is bullish I'm PRETTY sure that BITCOIN will go higher than 6,000 USD! WHY AM I SO SURE ABOUT THAT? First of all our Elliott Waves and what I wrote above make it plausible. But we will ALSO do this because it will be a smart and clever move for the whales - If we go that high, main stream medias will start talking about a BTC comeback and it will attract more retail investors. Retail investors will start to buy up BTC again. And hereafter when everyone think we are going for a new bull run, will the smart money and WHALES STRIKE! They will dump Bitcoin and take profit, which is around 100 % -they have accumulated since 3,300 USD as you can see from my chart. Let's see! And give a LIKE! D4!
BITMEX:BTCUSD.P
by D4rkEnergY
19
we have a short signal for euro/cadtheres a couple things that i learned from the past month of trading. i first started to journal around December and my trading changed drastically. a couple of lessons that i learned were - trust your analysis. : you need to love your ideas, you need to love your mind. fuck what other people say. you see things differently than other people. THERE IS NO RIGHT OR WRONG ANSWER. this is a probability game. - set realistic targets and be aware of your emotions when you trade. - trade in a physical environment where you thrive: i make some shitty decisions when i wake up out of bed and completely not in the zone.GET IN THE ZONE. treat yourself and your trading with care.
Short
by patunida
Profitable Trading - Tom HallCASINO MINDSET Casinos consistently generate billions in revenue per year in what many individuals believe is luck. Casinos don’t exists because of luck, they understand that over a series of events, the odds are in their favour. As a financial trader you must become the Casino and understand that you will hit drawdown and period of losses, however if your continue to execute your trade plan your profitable edge will play out over time. Remember, you have no control over when the markets will provide trade opportunities, you do however have control over your capital. STAND BEHIND YOUR ANALYSIS Do you experience a feeling of excitement or dread once you execute a live position? If yes, there are a number of reason why these emotions would be present. The first is you either have not backtested your strict entry rules, or have no idea what the historical results have produced. By not knowing your numbers will inevitably cause emotional and impulsive behaviour as you continuously ask yourself whether or not you have a profitable strategy. The second is your risk is far greater than what you are comfortable losing in relation to your account balance or net worth. By minimising your risk allows you to have a clearer outlook when approaching your technical / fundamental analysis. Third, you begin to second guess your technical / fundamental analysis, this could be present because you have viewed a more experienced traders analysis and their thesis was the opposite to yours, alternatively your simply not confident in your ability to read markets. My advise, analyse the market with a clear and objective approach. Once you execute your position, sit back and let your profitable edge play out over time. THE HOLY GRAIL INDICATOR There are hundreds of trading strategies that provide a profitable edge in the market, so why do traders struggle to become consistently profitable? Novice traders enter the financial market with the illusion there is a golden indicator that will solve their financial problems. I’m here to tell you the holy grail indicator doesn’t exist, in-fact implementing an indicator you have not backtested could expose your entire account balance to failure. Building a profitable edge trading strategy requires significant hours of backtesting and preparation, implementing indicators that provide additional confluence to your thesis. The more confluence you can build in a small trading zone the higher the probability of success. Once you have generated a confluence based trading strategy that you are confident to implement, it’s key you fight the consistency and greed demons. The ability to stay consistent when your strategy enters drawdown comes from the confidence you have in your backtesting data, if you have no historical data of your strategy, how can you build trust and confidence when things are not going to plan. The greed demons kick in when your strategy is providing some healthy returns, the thought process of a novice trader is to increase risk in the anticipation of retiring quicker than expected, the experienced trader knows that this is simply a period where a strategies profitable edge is playing out, knowing a small drawdown is just around the corner. Fighting the consistency and greed demons can be the difference between success and failure. WINNING / LOSING There is no such thing as winning or losing in a game that has no end, there is only ahead or behind. Finance is a never ending marathon that requires stamina, just because you’re ahead today does not mean you can’t be behind tomorrow. - Tom Hall
NASDAQ:AMZNEducation
by UnknownUnicorn180388
13