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Perspective

Let's Talk About "Perspectives"Let's talk about the perspectives people often bring up in trading . . . Under various conditions, such as different market trends, timeframes, strategy logics, and technical analyses, everyone's view and perspective on the market varies. TV is filled with people's opinions and perspectives on market trends. Some people seek validation from others, while some wish to share what they believe to be profitable opportunities and be appreciated for it. Sharing perspectives sometimes tie down traders as well, limiting them to their own published analysis articles and ego, causing some people to be unwilling to admit their mistakes and seize the next trading opportunity. Regardless of the validation of these opinions and perspectives, we must admit that every profitable trade has an element of "Luck" involved. "NO ONE WINS EVERYTRADE". . "And what's more interesting Is that if you find two long-term, consistently profitable traders, they are very likely to have completely opposite views on the same trading product at the same time, but both of them still stay profit." . . . I believe that when a mature trader being asked about their opinions or perspectives, they should be able to clearly differentiate between their views and their trading plans. Possible question and responses include: 1. "Asked about the upcoming market trend" I currently have a positive outlook for a specific period of time, believing that the market may rise (or fall). However, I'm not certain if I'm correct. If things go wrong, I will cut my losses according to my trading plan. Admitting mistakes and respecting the market. Search for the next trading opportunity. 2. "Asked about positions and trading opportunities" I am temporarily trading "Target" in the direction of a rise (or fall), but I do not recommend anyone to follow my trade because I have no idea if my next trade will be profitable. What I do know is that I can achieve my deserved expected return through long-term trading. 3. "Asked about specific trading methods" I cannot give you specific advice, as I don't know how much capital you have or how much risk you're willing to take. Everyone's pursuit of returns and tolerance for losses are different, which will be reflected in the trading strategies they use. 4. "Asked about medium to long-term future trends" I am a trader, not a financial expert, and definitely not an economist. Predicting the future is too difficult, even for Nobel Prize-winning economists, who may not be able to forecast market trends right as well. So, what I can do is play the role of a good observer, watch price trends for potential trading opportunities, and make the most cost-effective trades or positive expected value trades. 5. "Asked about making money in short-term trading" In the short term, there is a high probability that my trades will incur losses, and speculative trading can also result in terrible consecutive losses. However, I am fully aware of the expected win rate and returns for each trade. Through each trade, I accumulate expected value and manage my funds with proper risk control. I believe that time and a large number of trades will realize this expected value. . . . This is also why I am not very willing to share trading opportunities directly. . . . I am very clear that my trading pattern has a win rate of less than 45%, and I am quite certain that following my trades is more likely to lead you to stop-loss. More scenario below: A. If I share an opportunity and make money by being right, there might still be people who lose money because they set different trading plan and can't tolerate fluctuations. B. If I share an opportunity and lose money by being wrong, you could find me to blame. However, everyone needs to take responsibility for their own profits and losses because it's your money and your decisions. C. If you follow my trading plan and gain profit. You learn nothing about it. Also one trade's win/loss most likely depands on "Luck". Not so much different from "Gamble". Of course, occasionally drawing some charts to remind everyone of the current general trend direction is not a problem! In the short term, "Luck" is essential for speculation, and I hope everyone can have good fortune. . . . I am Beta, If my articles are helpful, please leave a "like" or "comment", and "follow me" for more good stuff.
SP:SPXEducation
by Eleta1228
3
FLYNN’s Market PerspectiveThe Digital Frontier. I tried to picture liquidity as it moves through the stock market. What does it look like? Water Flowing?, Icebergs? Were the exchanges like freeways of digital currency? I kept dreaming of a world I thought I would never see. And then 1 day.. You got in. That’s right man. I got in. ------------------------- Thank You to everyone who has been reading and commenting on my market ideas. I will be doing a bit of rebranding while I try to find my identity in Stock Market content creation. I started SPYvsGME during the Gamestop saga then found my niche in charting stocks & crypto. I will be keeping the TradingView handle @SpyVsGME but I will be rebranding to Flynn's Market Perspective. My plans for now are to focus on capital markets macro, charting and breaking down patterns and trading strategies with a unique perspective. Lots of new content planned including more NASDAQ. Trade safe and thanks again for your support!
NASDAQ:QQQ
by SPYvsGME
2
When The Direction Is Unclear, Change Your Perspective (BTC) The initial descending wedge I noticed in my previous BTC idea turned out to be part of a much larger wedge on the daily chart, which is quite hard to notice, unless you flip the chart upside down.. If your bias does not change, then you're looking at it wrong.. BTC is 'bearish' to those who haven't changed their perspective while looking at the chart.. And by doing so, a hidden trend is revealed... If this pattern played out in a normal situation, you'd expect the exact same thing to happen as indicated by the chart, however, notice the scale, it's inverted :) Now... When you flip the chart back to normal, it reveals a pattern that really should be 'obvious' but it's quite difficult to remove the 'bearish bias' that most have, which is preventing them from seeing the large wedge on the daily chart... Now that everyone is fearful, Smart money is acting greedy with regard to BTC... BTC is deceiving us all.. It is silently mooning... Big money needed time to join the market...And their time is running out... Get ready for the 'dump' (Actually means pump given the inverted chart)... I've included an initial expected target upon breaking this major wedge & will re-assess once we've reached it. Stop-loss also added in event pattern is invalidated. Previous BTC ideas below: Good luck everyone, & good trades be with you. *Ticker symbols below, ignore these* INDEX:BTCUSD INDEX:SATSUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD BITTREX:BTCUSD BNC:BLX NASDAQ:BLX BINANCE:BTCUSDT KUCOIN:BTCUSDT BINANCEUS:BTCUSDT COINBASE:BTCUSDT BITSTAMP:BTCUSDT POLONIEX:BTCUSDT
INDEX:BTCUSD
by RandomOracle
22
THREAD #1 : Ask your coin chart analysis and perspectives !Let's try this new format ! Ask me my chart analysis of one coin you want in comment, if I find something intersting to say and show, I will update the idea with it. This will be only base on my chart analysis strategy. I will not give fundamental analysis, so if you want me to analyse a shitcoin I will do it ! I think it's could be interesting if you want to have another point of view than your own. It could be usefull to compare perspective of evolution or area of interest for exemple. I will also post a comment with the name of each coin I had if you want to react about it or debate. Before to start I want to remind that we are in a period of conflict and news can emerge at any moment with strong effect and reaction on market. So invest carefully on this hard times and reduce your loss exposition on market when you can. Don't forget to take profit too. "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" As I've already done an analysis on BTC that you can find in LDTP#7 (attached to this idea), let's start with ETH. ETHEREUM ✅ We can find on ETH a similar structure as BTC, like couples of altcoins also (that why it gave me the idea of this thread). So we can find on ETH like on BTC a reversal pattern on support with nice buying volumes on exit which show an interest for the support of the weekly channel. Furthermore we have a conjuncture of supports which confort me in the strenght of it. I will not re-explain the structure of the U-Turn which is barely similar to the Bitcoin so let's continue with perspectives of evolutions. And sorry for my bearish friends but I will not be oriented in that way. We have support, weekly primary support, signal of interest on it, I just respect it. Don't forget that we are in uptrend, we did a great consolidation, but it stay on uptrend and with the growing interest of institutionnals and companies, I don't think it's the great time to speculate on a "to the cave" scenario (exception made if a news changes the dynamic). So I believe we have a strong probability to rejoin the resistance area of $4870 - $4640 in the next couples months. I will prioritize scenario (a) or (b) to do it, 60%-40% chance between this two possibilities I think, but if we reject on the previous high around $3200 (so fail of (a) plan) we need to see a fall of volume and a leak of interest for the bear side and why not lateralization to expect a "sure" execution of the plan (b) (like we saw in July 2021). In the other case if we see constant volumes we will construct a Wyckoff accumulation pattern which could occur to a spring which could bring us to $1500, in a flush probably (scenario (c) - low chance to happen I think). But that mean to break the support and I don't see it. First obstacle is the green resistance, I don't think it will bring a lot of consolidation but maybe more lateralization on it before to go straight to the resistance area and ATH. And it's on this area that we will probably see the next bearish interest. It will be a good opportunity to gauge the bull strenght around three scenarios. (1) breakout of the area and the resistance / lateralization and gauge of the bull strength in a SOS - LPS pattern to conclude by a breakout of the weekly channel by the top. I will not hide this is the strongest possibility but except in a context of bullrun I don't see it realise. And on a general view of the crypto market I see more construct phase for future than bullrun like we had in the past. But if it happen it's not impossible to see it reach $8000 on this phase. (2) Lateralization on the resistance, work of it in a pattern of SOS - LPS, breakout and fail SOS on the resistance of the channel inducing consolidation (to the green resistance becoming support this time or go down to the support of the weekly channel). (3) Fail of the SOS - LPS pattern or simply just a strong reject of the area without working in it. Which could bring a deep consolidation to the support of the weekly channel probably. And for this three scenario it will be important to analysis the market on time to see which one have the more chance of success. I wait your reply !
by Kentg
8
Welcome to the Upside Down-=BTC/USDT Weekly Chart=- ========================== Greetings fellow investors and crypto enthusiasts, This is my personal BTC chart, only it's upside down. Why? Well imagine for a second that this formation was on a Bullish chart with green filled in weekly candles closing higher and higher.... What kinds of patterns would be drawn on this chart? How many Elliot Wave counts would be all over it? To help see a different perspective, I decided on thinking on this for a while. I realized that in the past I have underestimated how far a bear rally can go, and when the charts are bullish, many individuals will give ridiculous price targets, completely overestimating how far things already have run... Point is, we are slow to react to things because we are humans and not a machine. We also have emotions, but in order to manage those emotions, it's best to come up with a trading plan and stick to it. ========================== -=Tech Analysis=- Orange = EMA 21 Green = SMA 50 Yellow = SMA 100 Trend lines and curves represent ideas of predictions towards resistances and supports. They are also there to display an ongoing record of these things. With that in mind... 1) Clear bear rally, every single green candle has not held more than a single week. 2) There is breaking of upwards momentum and if the 100MA is breached, the chance of a long squeeze increases. 3) Currently price action is at previous resistance area. If the bears cannot rally this beyond the 100MA, I believe support will be found and the bulls have a great chance of reversing the downtrend. However, before it can happen, I caution patience. And above all else, create a trading plan, stick to it. The most important thing to manage? Position size and risk. And if you are entering the markets, consider Dollar Cost Averaging. Ofcourse these are all just ideas, any risk that you choose to incur is your responsibility. None of this is financial advice and purely for education purposes. May BTC reach the moon,
by gendark2
2021 Bitrcoin Bullrun Projection to 100kI'm by no means an expert but I had a play around with date ranges to see if there are any repeating time intervals between markup and markdown phases. I have identified100 day markup and markdown phases which coincide with an older idea, which is not unique, that we're now in the 5th wave of a massive Elliot Wave spanning from the start of the bull run (which for me was 5th Nov 2020 first time bitcoin has had a new ATH since 2019) Phase 1 Ended on the 8th of February when bitcoin was pumped by Musk to a new range. (95 days approximately 3 months) Phase 2 started the same day with bitcoin entering the new price range of the massive peak formation at the current ATH. Phase 2 lasted until 20th of May 2021 when we dropped below the peak formation range back to the bottom price range of Phase 2 (Base of Elon Musk Pump Candle). Phase 3 overlaps with Phase 2 and begins at the ATH and ends at the bottom of the markdown phase (accumulation) when the trend started to reverse. Phase 4 begins and if it lasts 100 days like the previous phase and it should finish at the end of this month(October 2021) when I imagine another trend reversal. BEARVEMBER Projecting Phase 5 (last wave) for 100k mid to end of February. When we will probably see the beginning of THE mother of BEAR markets.
BNC:BLXLong
by maxmts
2
How to manage & deal with consecutive losses in trading ? Trading Psychology: How to manage & deal with losses/consecutive losses in trading ? Hi everyone: Today I want to go over a very key trading psychology lesson on how to deal with losses, especially consecutive losses. This is bound to happen to any traders, whether you are new or experienced. ITs something all professional traders will have to deal with on a regular basis. Understand that, dealing with losses psychologically is the key factor in the success of a trader. This is because losses are inevitable, and trading is a probability, which trades that you take will end up both in wins and losses. However, traders usually can not accept losses, due to their ego, greed and other emotional factors. Aside from having a good risk management, trading plan, and trading strategies, traders can still experience the psychological emotions of losing. This is due to the fact that we are humans and we are an “emotional” animal. We don't want to be wrong, at all. Taking a loss is like getting slapped in the face by the market, which we have egos to fight against. What ends up after taking losses or consecutive losses, it puts traders at a disadvantage where their emotion is high, and likely to “revenage” trade to chase back losses, which end up in a deeper hole. To deal with such psychological phenomena, take a step back and observe your situation: First, did you follow your trading plan/strategy on how to enter, set SL/TP, and management ? Second, did you take an emotional trade due to greed or fear of missing out ? Third, have you journal down your losses and review them to make sure they are trades you really want to risk your capitals on ? By now you will see why we need to review these. Trading is a probability, not right or wrong. It's a random variable that you are putting your $ at risk. So if you understand the rules and plans that you follow and execute a trade accordingly, then there should NOT be any negative emotions towards the outcome of the trades, whether they are winners or losers. When I discuss the trades I entered every week in my trade recaps videos, I am always happy to enter a position, even if it goes to a loss. This is because I have done enough backtesting, chart work, and plan to enter a position. I understand strictly from a probability point of view, I could have a higher strike rate, and more often the trades will end up as a winner rather than a loser. However, I also understand and acknowledge that some trades will end up in a loss, disregard mine technical analysis or other’s fundamental analysis. It is what trading is all about. When I have consecutive losses, I will always review the 3 points I mentioned above and make sure they are all valid for me. Then I simply will take 1 day off from the market, chart, phone, and just get your mind clear. Come back strong after 1-2 days of rest, and have a positive mindset. What traders often do when they have consecutive losses is to right away re-enter back into the market and try to chase back their losses. This has always been the downfall of losing and it creates anxiety in traders’ minds. Such a negative experience is going to stay in the traders’ mind longer and deeper, compared to consecutive winners. So wise we understand that is the case how our brain is "programmed” into thinking, then it's up to us to do the opposite, and fight the urge to “revenge” our losses. At the end of the day, no one is trading your trading account, except yourself. Taking ownership of your account, learning to control our emotions, understanding the probability side of trading, and learning to let go, drop our ego will help us in the long run in this industry. I hope these pointers can help some traders who are still struggling with this concept. It's impossible not to take losses, but professional traders deal with it on a regular basis and still remain consistent in the long run. Thank you I will forward some Trading Psychology educational videos below on some of the topics explained today. Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ?
Editors' picks
BITSTAMP:BTCUSDEducation
by jojofang0901
58
$MOXC entry PTs 4.31-4.45 Target PTs 7.40-9Moxian, Inc. operates a social network platform that integrates social media and business into a single platform in China. The company's products and services focuses on creating interaction between users and merchant clients by allowing merchant clients to study consumer behavior. It serves small and medium sized enterprises. The company was formerly known as Moxian China, Inc. and changed its name to Moxian, Inc. in July 2015. Moxian, Inc. was founded in 2010 and is based in Hong Kong, Hong Kong.
MLong
by UnknownUnicorn19246015
1
Change your perspective: Time and trading psychologyExpand Your Time Scale A significant 2% selloff like we saw today can sometimes feel like a buying opportunity-- "stocks are on sale!" We humans are extremely impatient, short-term thinkers. Especially when you're new to trading, it's tempting to rush in and buy every "dip." But to win at investing over the long term, you've really got to develop a much larger sense of perspective. Real corrections unfold on a much larger time frame than a one-day, 2% market drop, and trading too frequently has pretty steep costs. Lots of studies have shown that on average, the more frequently you trade, the lower your returns. Even in a zero-commission world, you still may lose a few cents on every trade due to "bid/ask spreads," especially if you're trading low-volume securities. Plus, any sale you make is going to be taxed, whereas if you leave that money in the market, your taxes are deferred until later. Those costs compound every year like negative interest, eating into your future returns. Know Your Human Limitations The first step to beating the market, frankly, is to understand that you are that easily distracted dog on the movie Up who's constantly shouting "squirrel," and you are always going to be that dog. In other words, the first step to recovery is acknowledging you have a problem. Once you realize you have a problem, then you've got to create a plan to correct that problem and follow the plan religiously. In this case, you are never going to be able to reformat your brain to operate on geological time. That just isn't how the human brain works. What you can do is adopt tools and systems and habits of behavior to help you think bigger about investing. In this post I hope to give you a few. Adopt Tools for Thinking Bigger 1. Simply zoom out. I know a lot of folks are looking at the 5-minute time frame and trading every technical signal they see. If you're beating the market by a wide margin that way, then great. Otherwise, you're better off zooming out. Try using the weekly, or even the monthly chart. When you view equities on a longer time scale, you see different things on the chart. For instance, looking at the S&P 500 on a weekly time frame tells me that the one-year uptrend is still intact, and today's "correction" was nothing in the scheme of things. On the monthly chart, frankly, there hasn't even been a dip: 2. Don't look at markets every day. If you're trying to think on a larger time scale, frequent updates are just more opportunities for error. I learned pretty early on in my trading career that I performed better overall if I didn't check my investment account during the day. In fact, for most investors, the best thing they can do is probably dto buy an index and never look at it at all until they retire. Even if you like to be a little more active than that, I'd still suggest checking in no more than once a week. This applies to consuming market news and analysis as well. Subscribe to only a few highly curated sources of investor news. There's so much information out there, and most of it is just noise. Paradoxically, more information often doesn't make you more informed; it may make you less informed if it's low quality. Let someone really competent filter the noise for you and only give you the most salient sound bites. 3. Set it and forget it. I use a lot of alerts. I identify a price level I might want to buy or sell, and I set an alert and don't look at it again until my alert triggers. That way I'm not tempted to buy or sell too early. You have to be prepared to create a trading plan and then stick to your plan, no matter how long it takes. I also use alerts for news. Most companies have an "investor relations" page where you can subscribe to press releases about the company. You don't need to know what the CEO is saying on his Twitter every day, but you probably should be subscribed to the press releases and quarterly earnings report so you'll see immediately if something really major changes about the fundamentals. To follow sector news, you can subscribe to a weekly industry newsletter or set up a Google news alert. 4. Consider setting limitations on yourself. Think of yourself as a time traveler who's come back in time to prevent your future self from making a big mistake. A mistake like, for instance, buying a market top because you saw a one-day dip of 2%. You know your future self is stupid and you can't cure stupid, so the best you can do is put up obstacles to bad decision-making and hope they'll do the trick. For instance, I don't much like mutual funds, but one reason to buy a mutual fund rather than an ETF is because they're far less tradeable. For instance, most mutual funds have rules in place that prevent you from withdrawing your funds too soon after depositing them. Another strategy is simply to remove investment apps from your computer or phone. Make it that much harder to access, so you're not unconsciously opening up the app and compulsively checking your accounts all day. You might even consider locking yourself out of your account and giving the login information to someone you trust, with instructions to only give it back under very specific conditions. 5. Remind yourself. Set up a regular calendar reminder or put a sticky note on your computer to remind yourself to think on a larger time scale. Go back at the end of the year to revisit trades you entered or exited early, and see how much money you left on the table. Honestly, I think you'll be amazed.
AMEX:SPYEducation
by ChristopherCarrollSmith
14
$LINK: Some perspectiveI think it's always important to look at larger time frames when truly considering a long term hold asset like $LINK. Remember fam, we're early investors in one of the most important technologies to the entire crypto space. Looking back on 10 dollar price swings, will be something that we all laugh about in the near future. I will never tell you what to do... but I bought the dip at $27, and I'm buying more at $25, and I wish I had bought more at $20.... Technically: This logarithmic weekly chart combined with a simple pitchfork, really shows us the trend we are in. We can see how this weekly candle falls safely inside that trend and how the lower wick tested and is currently respecting the median. If we draw some "what if" price action? We can clearly see that a dip to $7 dollars would still be contained by this trend, and that it would still be extremely bullish. In the next few months... if we pumped to $60 dollars, corrected back down to $30 and then pumped back up to $127 dollars it would be captured by the 1.0 prongs alone! TL:DR #Chainlink is a long term hold. We're holding and accumulating as much as we can before institutions start completely relying on smart contracts, and the chainlink network becomes the pillar that an entire digital economy is built upon. Until then? Just take a step back and have some perspective. Enjoy the ride.
BINANCE:LINKUSDLong
by its_maxbro
11
Putting the 2017 market cycle into perspective...In 2017 BTC went parabolic in a short amount of time. Here is where and when we would be if BTC were to do the exact same thing this time around... Just for fun. One might say this is impossible (people said the same in 2017), and although that's probably true this time around, one thing to note is never underestimate the magnitude of what can happen when the bulls are unleashed. This bull run is happening during unprecedented times. What would've happened in the past during economic uncertainty with a depleting dollar value? Would people have flocked to a highly accessible, digital, and safe storage of value to mitigate the risk of their hard earned savings? We may be writing history right now... Things can happen quickly, have a plan in place.
COINBASE:BTCUSDLong
by xbenjaminsx
Could Ethereum make a correction toward the $490 USD?it's possible, for that reason I prepare for you to have a plan to shorting Ethereum and get benefit of this trades possible. So guys, lookin in 3 Daily chart, the candlestick show us weakness and maybe a possible correction it's so nearest both for Bitcoin, Ethereum and the rest of cryptocurrency. In that case, Ethereum have a multiple possibilitie that will occur. Now, looking the studying of the elliot wave analysis. We see that Ethereum it's into this correction #4 to review. And then, we could see this situation of the market. So, we are not completely this correction yet. But. looking the weekly timeframe. my other perspective it's that we could to see the end of the bull cycle to then, we are looking a formation of ABC correction pattern. So, I believe that weekly chart it's moe precise than 3 Daily chart. But that it's theory!!! So guys, in some minutes, I will going to update this par Ethereum/Dollar to know if the trayectory it's okay, becuase we're in profit from $550 USD entry in long position toward the $616 USD.
COINBASE:ETHUSDShort
by harisonhbn9718
CANADIAN YEN VS PENGUINS :) CADJPY 22/12/2019 Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
1