Get started

Patience

"A stock is never to high to buy" - Kroger patienceFor more than a year I have been watching Kroger NYSE:KR stock. I stop there every time I buy groceries so it is one of those companies that fall under "Cupboard Investing" in stocks you know and use. For something as mundane as selling groceries it is quite a volatile stock. The history really begins in 2020 when a member of my Discord who is very bullish the stock got me interested. Kroger had a big earnings dip on December 2020 and I hesitated to pull the trigger. I prefer to only enter any instrument on an indicator defined setup. Entering on the drop would have just been a "gut trade" on my bullish bias. So I waited. For reasons unknown the stock got a massive RIP in January during the Meme Stock Madness that month. Clearly I had missed the run. So I waited. It took 10 months until October 2021 before on my daily scans I finally saw KR with a bullish Spike Alert. It fit my rules for happening at a 50% Retracement Level so I went in. The trade played out to the first target with no problems and I left on shares for the long term position I desired. Patience pays off. Do just jump into a stock on FOMO. You'll always get an opportunity even if it takes months of disciplined waiting if you are diligent.
NYSE:KRLong
by norok
39
XRP - Patience Is The Key To SuccessXRP is still coiling up and down with consolidation that seems to have no end. Like with many laggers patience is key for the hodlers. We will eventually see the breakout but i still thing that for that to happen BTC has to finish its first massive fall. BTC dominance is dropping quite hard and this only means good for alts. We have a massive support at $0.50 area so don't be afraid that we will not hold this (red box). It is very possible at that point that even $0.60 will not get revisited anymore, but somewhere close to it like $0.70 can get revisited (yellow box). Breaking above he green price area would mean clear skies ahead for XRP, but before this happens we must see what btc will do first. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:XRPUSDT
by AVA37
Trading Roadmap for 2022Happy New Year to everybody. Here is my roadmap for financial year 2022. It is simplified version but generally it says everything about what to do. Plan: Everything starts from the plan. It is very hard to navigate financial markets without it. As markets move constantly it's very easy to get lost or become controlled by emotions (fear and greed for example). The trade plan is a tool that helps us. It takes some market knowledge and experience to develop a good plan and then discipline is needed to follow it. Also sometimes there is a need to modify the plan when conditions change drastically. Wait: Patience is essential part of good trading/investing. If you miss some opportunities then calmly wait for another ones - they are always coming. Execute: Do what you have previously planned. It is a trade management - also important part of trading. You can be right with timing but without trade management you could easily see all your 'paper profits' disappear. On the other hand you can be dead wrong with timing but with proper management it is possible to squeeze more out of that trade than from previously mentioned example. Accept Results : Probably hardest part to deal with when things are not going well. People just don't like to lose money but this is part of the game. I always try to think about it as cost of doing business or the amount of money I need to spend to make myself available for the winning trades. More info about how to deal with the losses can be found from my earlier posts: Trading in the Zone Trading in the Zone 2 Accepting results happily takes some practicing :) Learn: Making screenshots from your past trades is best option how to learn. It is also essential part of 'Journaling'. I like to save all my trades with real-time notes and comments - and then later analyse them. Repeat: Becoming good at something in this life requires work and practice. Trading is no different. So process starts all over again - enjoy. I wish you all the best for upcoming year. Cheers :)
Education
by Laurentsius
8
USD/CAD Price Action AnalysisDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Weekly Analysis: In the previous few months price had been in a major down trend and there really has not been much rejection on this move downwards. There were a few pullbacks throughout this down move but, price had always shown who had more momentum, in this scenario the bears had more. You can see every time there was a pullback there was always a quick bearish move following closely after, this just confirms our theory of the bears being in control throughout that move. In the more recent few months, price has started to try and make a move to the upside with not too much success as of right now. Price had made a big bounce recently but has had a hard time breaking this 1.29100 area, but price is approaching this area again. We can see a big break of this zone and a big continuation move, but we would need to see more confirmation on lower time frames before thinking of taking a trade on this pair. Daily Analysis: On the Daily time frame, what I decided to do to make it a little easier to read is make the Daily zones marked in Red. This might help when trying to read the zone and trying to look further into the analysis. Even on the Daily timeframe you are able to see somewhat of a uptrend beginning to form, price is making higher highs and higher lows, except on December 7 where price had a big drop and closed below the most recent low. What leads me to believe that there is more momentum for the bulls and price might continue on after breaking this top zone is the fact that price had shot up instantly after this drop. Since that bounce we have had one test of the 1.29190 area which showed some rejection to the topside and left behind a big wick, but on December 17 price had a very convincing bullish engulfing candle. This shows that there is a lot of momentum for the bulls right now and price might try to make a break of this top weekly (black area). Hourly Analysis: On the Hourly time frame we can see price starting to break through this top zone after already breaking through the red daily zone. But, price is looking like it is having a hard time while trying to break it, it is already showing some weakness to the top side, but we can wait for a few more hours to show what price really wants to do and we can take a trade in the near future. As of right now, there is nothing to take and if we do take one right now, it will be really risky and might not make sense for some trading systems. I am going to wait for more confirmation and see what price wants to do if it decides to break this zone. Thanks Again, KeySlot
Long
by KeySlot
1
TOTAL - Tells The Whole Story!I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex. From a long-term perspective, the WEEKLY chart on the right, we all agree that we are still overall bullish. Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number. From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders. After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows. That being said, we know that we are overall bearish, but what are the possible scenarios? Scenario 1: Projection in Purple A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel. Scenario 2: Projection in Blue A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again. Which scenario do you think is more likely to happen? and Why? All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:TOTAL
by TheSignalyst
19
Ignore everyone and keep buying Bitcoin. Happy Holidays from The SHARK. Let me take the mic today and say some things. I'm Only here to help. I have no side agendas like your favorite, twitter youtube posers. Lets just re-round some facts. ***24% of all US dollars circling the globe have been created in the last year. Is there any wonder where inflation comes from Senator Warren? Bitcoin is a sponge for trillions of dollars in assets seeking protection from undisciplined monetary and fiscal policy. ***10% of the wealthiest Americans own a record 89% of all US Stocks. The Rich are getting richer faster than ever. Crypto is the great table turn and largest transfer of wealth in our lifetime. 8% of US population own crypto. We are still early. ***Housing Inflation is 24.5% !!!! Is your employer paying you 24.5% more year over year to keep up?? Savings and checking accounts are the Kiss of Death. Your money should always be put to work in Real Estate, Equites and Crypto period. Savings in the bank never wins your not even keeping pace. ***Bitcoin appreciation is over 100% year over year since inception. Do the math check the charts for yourself. Bitcoin is the greatest savings account in the history of the World. ***Markets are crashing today on this new Covid Strain scare. We already know that covid is here to stay and that variants will continue into the future forever. It will never leave us. So is this news?...yes but not possibly as bad as it seems This news today will just push out the rate hikes to curb inflation another 4-6 months longer prolonging the crypto bull market cycle now possibly until end of spring or summer 2022. This will also help give the Biden administration cover to give away more free money indefinitely. Only helping Bitcoin. I would also assume with governments around the world throwing more money at their constituents that the distrust in fiat currencies will only grow and help crypto. In the words of the great Jerry Rice..."TODAY I WILL DO WHAT OTHERS WON'T, SO TOMORROW I CAN DO WHAT OTHERS CAN'T" Keep Stacking and Stay Still. Looking for weekly close (Sunday evening to close back above 58k) Time is our friend. SHARK Knows our best days are ahead. Keep Swimming and tune everyone out. -BRONSON TheSHARK
COINBASE:BTCUSDLong
by Bronson-TheShark
5
GBPUSDIts very tuff trading only One Pair. What I do though is to have a weekly risk limited, so if I only get one trade per week I will increase the risk but maintain my loss limit. This trade was a B trade, this was a range bound trade. Which is simply selling ceilings and buying floors. I was a bit hesitant for this trade, because the DXY created a floor and appeared to be going higher. But when I saw that price was dumping. That gave me more confidence to enter. I was very patient this week, this is what I want to develop as a trader, my patient and waiting for my trade. Once I follow being a good trader, The profits will come. PATIENCE!!
by GUgod876
The importance of sticking to the plan 👊👌As traders we are our own worst enemies! A common theory with trading is as follows. 10% is having a good strategy, 30% is having good risk management and the final 60% is psychology. If we as traders fail to address the final psychology part of the sentence above then we as traders will fail in the markets. The chart shown in this idea is EURGBP working the 30 minute time frame. The strategy is a rules based mechanical approach working a 1:1 RR to fixed stop loss and take profit targets. I know I have a proven edge with this strategy as with all my ideas the built strategy tester report is at the foot of this idea shows the strategies credentials. Position sizing is correct I trade this strategy on a stand alone account for this pair and I'm happy to risk 2% per trade of my capital from said account. So where does the psychology part come in to all this? The emojis on screen show the emotions I would of been feeling with this trade once upon a time! An emotional roller coaster! The chart shows three trades. A short which hit TP followed by a long which hit SL. Then the trade I'm using for this idea which lasted a full 13 days! But this is where sticking to the plan and the rules I set help remove that emotional roller coaster. Not sticking to that plan could of created many outcomes. I could of closed for less profit than intended as part of the plan or worse still could of cut my losses only for the trade to go on and hit TP target. The above would of then led to more emotions thus effecting my future trading decisions and choices. With each trade I enter I am comfortable with said outcome whatever that maybe. That comes from trading a proven strategy, having correct risk management and then by sticking to the rules of the trading plan for the strategy. Sticking to a plan removes any subjectivity and helps take care of the psychological side of trading. I even automate my strategies now and not checking trades every minute of the day has helped removed all those up and down feelings the emojis on the chart represent. I'll end with one final thought patience has to be part of your plan. The markets take from the impatient and give to the patient ones among us. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Education
by pow_removetheguesswork
38
Potential Opportunity - Patience PaysPreviously I wrote a brief note explaining caution for the US Banking industry as illustrated by XLF. This is due to: - market risk of a broader market pullback - as currently being experienced - impact from Covid-19 variants like Delta etc., - the cumulation of record high bank reserves (cash) which serve to stress Bank Capital and Capital adequacy ratios. These reserves have been building up due to the FED's policy of buying Bonds in the market. Once sold, the vendor banks cash at a Bank which severs to increase the Bank's liabilities. The FED has tried to mitigate this effect by using reverse repos - which is ridiculous - it should stop the buying / QE ie the naughty word - Taper!!! :) The opportunity to be long includes: - market risk subsides as debt ceiling is mitigated. - infrastructure bill goes through which is GDP positive. - further recovering of the US and European economies noting n increased travel facilitated by increased vaccination rates. - Bank capital being strong as it is, has seen some Banks start to sell assets which have a lower capital rating (for the purposes of capital measurement) and will eventually open the door to strong lending programmes noting the prior comment. - still good fiscal support - so economy, GDP and the broader market is growing. In other words a decent credit cycle may ensue which will be very positive for Banks and of course XLF. However - Patience Pays!!! Buying in smalls around key support areas and build a position - no 'binary' trading.
AMEX:XLF
by Adam-Cox