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SSEE Framework for successful Trading I want to present you to the 'SSEE' framework today, . This framework is intended for all users, from novices just beginning their journey to seasoned experts seeking to improve their tactics. Three basic steps are involved: ,Self-awareness, Story, Analyze , execute, and Emotional Control. Let's examine each component in turn: self-awareness: Self awareness is very important just link finding a trading style that fits your personality, risk tolerance, and financial objectives is the first step towards becoming a successful trader. This encompasses your emotional ease in taking chances, your degree of patience, and the amount of time you dedicate to trading. Analyzing possible strategies comes next after determining your trading style. Regardless of your preference for technical analysis, fundamental analysis, or a mix of the two, you need to be well-versed in the tactics you choose to use. Lastly, assess both yourself and the tactics you have selected to develop a solid trading plan. What you trade, when you enter and exit transactions, and the standards you use to make decisions should all be part of your trading plan. Recall that following a plan rather than making exact forecasts is the aim. Look for Story : Trends : Identify whether the stock is in an uptrend, downtrend, or sideways movement. Trends can indicate investor sentiment and potential future movements. Support and Resistance : Look for levels where the stock has historically reversed direction (support) or faced selling pressure (resistance). These can signify psychological barriers for investors. Volume : Analyze trading volume in conjunction with price movements. Rising prices on increasing volume might suggest strong buying interest, while price increases on low volume could indicate a lack of conviction. Chart Patterns: Recognize common patterns like head and shoulders, triangles, or flags. Each pattern can suggest potential future movements based on historical behavior. Indicators: Use technical indicators (e.g., moving averages, RSI, MACD) to assess momentum, overbought or oversold conditions, and potential reversals. Time Frames: Consider different time frames (daily, weekly, monthly) to get a broader context of the stock’s performance. Events and Catalysts: Look for spikes or drops in price that coincide with news events or earnings reports. These can help explain the "story" behind sudden movements. By synthesizing these elements, you can create a narrative that explains the stock's historical performance and potential future directions. Plan: Define Your Goals Investment Horizon: Decide if you're investing for the short term, medium term, or long term. Risk Tolerance: Assess how much risk you’re willing to take. This will influence your stock selection. 2. Conduct Research Fundamental Analysis: Look at company financials, earnings reports, industry trends, and economic indicators. Technical Analysis: Analyze charts, trends, and indicators to identify entry and exit points. 3. Develop a Strategy Stock Selection: Based on your research, choose stocks that align with your goals and risk tolerance. Diversification: Spread your investments across different sectors to mitigate risk. 4. Create a Buy/Sell Plan Entry Points: Determine your buying price and criteria for entry based on technical signals or fundamental reasons. Exit Points: Set profit targets and stop-loss levels to protect your investment and lock in gains. 5. Execute the Trades Use a brokerage platform to buy your selected stocks at your planned entry points. Monitor the trades and overall market conditions. 6. Monitor and Adjust Regularly review your portfolio’s performance and market conditions. Be ready to adjust your strategy if new information or trends emerge. 7. Stay Disciplined Stick to your plan and avoid emotional trading decisions. Reassess your goals periodically and make necessary adjustments to your strategy. 8. Educate Yourself Continuously learn about the market, new strategies, and economic developments. By following this structured approach, you can execute a well-thought-out plan in the stock market. Would you like more details on any specific step? E xecute : Step-by-Step Execution Set Up Your Trading Account Choose a reputable brokerage platform that aligns with your trading style and needs (e.g., commissions, tools, research). Ensure your account is funded. Finalize Your Research Review your selected stocks, confirming they meet your criteria based on both fundamental and technical analysis. Check for any recent news or events that could impact stock performance. Create a Watchlist Compile a list of stocks you are interested in, along with your entry points and target prices. Place Orders Market Orders: Buy stocks at the current market price. Use this for quicker executions but be aware of price fluctuations. Limit Orders: Set a specific price at which you want to buy or sell. This helps control the price you pay but may not execute if the price doesn’t reach your limit. Implement Stop-Loss and Take-Profit Orders Set stop-loss orders to automatically sell if the stock price falls to a certain level, protecting your investment. Set take-profit orders to secure gains at predefined price targets. Monitor Your Investments Regularly check the performance of your stocks and overall market conditions. Stay informed about news that may affect your investments. Adjust Your Strategy as Needed If a stock isn’t performing as expected, reassess your reasons for holding it. Be ready to sell or adjust stop-loss and take-profit levels based on market conditions. Review and Reflect After a set period, review the performance of your trades. Analyze what worked and what didn’t. Use these insights to refine your strategy for future trades. Stay Disciplined Stick to your plan and avoid making impulsive decisions based on market noise. Keep emotions in check and follow your predetermined strategy. Emotional Control: Set Clear Goals Define your investment objectives, risk tolerance, and time horizon. Having clear goals can help you stay focused and reduce anxiety. 2. Develop a Trading Plan Create a structured trading plan that includes entry and exit strategies, risk management, and criteria for buying and selling. Stick to this plan to avoid emotional decisions. 3. Practice Mindfulness Use techniques like meditation or deep breathing to stay calm and centered. Mindfulness can help you recognize emotional triggers and respond more thoughtfully. 4. Limit Exposure to Market Noise Reduce the amount of news and social media you consume related to the stock market. Constant updates can heighten anxiety and lead to impulsive decisions. 5. Keep a Trading Journal Document your trades, including your thought process and emotions at the time. Reflecting on your experiences can help you identify patterns and improve future decision-making. 6. Manage Risk Use stop-loss orders and diversify your portfolio to minimize potential losses. Knowing you have a plan in place can alleviate stress and help you stay composed. 7. Accept Losses Understand that losses are a natural part of trading. Accepting this can help reduce the fear of losing and prevent you from making desperate trades. 8. Stay Disciplined Commit to your trading plan and avoid deviating from it due to emotions. Stick to your strategy, even during market volatility. 9. Take Breaks Step away from the screens when feeling overwhelmed or overly emotional. Taking breaks can provide perspective and help clear your mind. 10. Seek Support Consider discussing your experiences with other traders or joining a community. Sharing your thoughts and challenges can provide valuable insights and emotional relief. 11. Focus on the Process, Not Just Outcomes Concentrate on following your plan rather than fixating on short-term gains or losses. This shift in focus can help reduce emotional strain.
CRYPTO:BTCUSDEducation
by limitissky77
🤦🧪📉 Example JSW Steel - Selling on Strength Helps NSE:JSWSTEEL An Introduction to Price Action Trading Strategies helps for long-term investing as well. Here in this example of JSW steel,where would be better off selling in price action strength when stock price jump usually at a higher level The first thing I do is look at the chart and see if it has any apparent patterns. If not, then I will look at the volume profile. This tells me whether the stock is driven by fundamental news or technical factors. Exiting would have saved you 17 months of underperformance and also testing your patience. Learn the Opportunity cost your money disc: Never invested , no intention at the moment. Sharing knowledge that
NSE:JSWSTEEL
by Peaceful-Weekend-Investing
Getting Over Emotional Barriers to Successful ResultsInvesting plays a crucial role in personal finance, serving as a vital avenue for individuals to expand their wealth and financial security over an extended period. Despite its significance, numerous individuals shy away from investing due to various perceived obstacles that hinder their progress, including a lack of knowledge, fear of risks, and limited resources. Unfortunately, these barriers can impede individuals from reaching their financial goals and securing their future. In this comprehensive article, we will delve into the common obstacles that hinder successful investing, and we will present practical tips and strategies to overcome them effectively. Our ultimate objective is to empower individuals by eliminating these barriers, enabling them to make well-informed investment decisions and ultimately achieve long-term financial prosperity. Emotional Aspect Emotions exert a profound influence on the realm of investing, often stealthily shaping our choices and behaviors without our conscious awareness. Fear, greed, and even overconfidence can distort our judgment and result in suboptimal investment decisions. Recognizing and effectively managing our emotions becomes paramount for achieving success in the realm of investing. This article aims to delve into the profound impact of emotions on investment endeavors, pinpoint prevalent emotional biases that can derail our investment strategies, and offer pragmatic advice for navigating the emotional landscape when making investment decisions. By gaining insight into the intricate interplay of emotions and investments, we can enhance our investment outcomes and attain greater financial security for the long term. Lack Of Knowledge The misconception that successful investing revolves solely around buying and selling the right stocks can lead investors astray. This oversimplified viewpoint fails to acknowledge the intricacies of market dynamics and the multifaceted factors that drive investment performance. Moreover, investors often overestimate their ability to outperform the market and unwittingly expose themselves to unnecessary risks. Another common pitfall is the allure of strong performance, which tempts investors to chase the latest trendy sector without fully comprehending the underlying reasons or associated risks. This behavior can result in an unbalanced portfolio with an excessive concentration of funds in a single investment, such as their employer's stock, which undermines diversification. Furthermore, a significant number of investors lack a comprehensive understanding of fundamental investment concepts, such as bonds, interest rates, and central bank policies, which can profoundly impact their decision-making. For example, some investors may avoid bonds altogether, unaware of their potential advantages in situations such as company bankruptcy, or fail to recognize the influence of rising interest rates on bond prices. Lastly, investors often struggle with determining the appropriate time to sell a substantially appreciated stock, failing to capture profits or free up capital for other investment opportunities. This oversight can result in an imbalanced portfolio that excessively favors the appreciated stock, exposing investors to unnecessary risk. Market fluctuations inevitably prompt portfolio readjustments, sometimes to the dismay of investors. Rebalancing involves selling some of the best-performing investments to acquire quality stocks that have lagged. Understanding these fundamental concepts and adopting a more rational approach to investing can empower investors to achieve greater financial success and navigate the complexities of the market with confidence. Concentrating Too Much On The Details Despite many investors proclaiming to prioritize a long-term investment perspective, their decision-making is frequently swayed by short-term market movements and fleeting notions. While the importance of establishing long-term financial goals, such as purchasing a home, saving for education, and preparing for retirement, is widely acknowledged, many individuals neglect to devise sound financial plans to actualize these aspirations. This lack of strategic planning renders their choices vulnerable to the unpredictable fluctuations of the market, heightening the likelihood of impulsive decisions that undermine their ability to achieve long-term goals. Invariably, when the market experiences an upswing, the average investor hastily plunges into stocks and mutual funds in an attempt to capture some of the profits amassed by seasoned professionals. Conversely, during a market downturn, panic often grips the average investor, prompting them to sell investments near the market's nadir. Regrettably, this cyclical pattern frequently repeats itself, resulting in investors enduring substantial capital losses and growing disenchanted with the stock market. Methods For Overcoming Emotional Obstacles To enhance the likelihood of success in investing and trading, several strategies can help overcome barriers. Consider the following tips: Educate yourself: Lack of knowledge is a major obstacle to successful investing. Invest time in learning the fundamentals, including different investment types, risk management, diversification, and market trends. Online courses, workshops, seminars, and financial advisors can assist in expanding your knowledge base. Develop a plan: Create a well-defined investment plan that aligns with your financial goals and risk tolerance. This plan should encompass a diversified portfolio, clear investment objectives, and a strategy for monitoring and adjusting your investments over time. Maintain discipline: Avoid making impulsive decisions driven by emotions or short-term market movements. Stick to your investment plan and resist the temptation to chase fads or engage in impulsive trades. Embrace long-term focus: Successful investing requires a long-term perspective. Don't overly fixate on short-term fluctuations; instead, concentrate on your long-term objectives. Seek assistance when needed: Don't hesitate to seek guidance when necessary. Working with professionals like financial advisors, accountants, or investment experts can provide valuable insights and help develop a personalized strategy tailored to your specific needs. By implementing these strategies, you can overcome barriers to successful investing and increase the likelihood of achieving your financial goals. Conclusion Investing presents its fair share of challenges, often impeding individuals from reaching their financial goals. Emotional biases, limited knowledge, and getting lost in intricate details are common barriers faced by investors. However, by effectively managing emotions, acquiring knowledge, formulating a clear investment plan, maintaining discipline, adopting a long-term perspective, and seeking assistance when needed, investors can overcome these barriers and attain lasting financial success. It is vital to understand that investing is a journey that demands patience, perseverance, and a willingness to learn and adapt. By implementing these strategies, investors can conquer emotional obstacles and make well-informed investment decisions that yield profitable outcomes.
Education
by FOREXN1
26
Cup&Handle - CFDs on Gold (US$ / OZ) - 1W timeframe Last 2-3 years was very intense for money printing, FRED website charts shows it as well. We also may look into some class of commodities (like corn, oats, wheat, energy), to confirm the words of significant loss in value of money. It's always worth thinking about securing your profits & diversify funds, with proper (for you) balance on different class of assets – like Marc Faber in his times. Beside any facts & rumors about CBDC, and new economy coming our way, I'll risk saying that the trust between banks is still mostly gold-based. PS. Is hard to say if we see clear opportunity to have freedom with sale this goods in the future – Roosevelt knows best. But I just want to say, a small amount of portfolio could be nice hedge besides financial system economy. Besides - everything has it own cycle or lifespan. Gold outside food seem to have survived the longest in history as collateral. Strength this class of commodities rise particularly during times of war and uncertainty. GOLD / USD Maybe just because of these few facts have a look for 3-4 years possibilities for midterm price prediction of paper gold with a cup and handle pattern. So yes, this is look onto positive perspective for few years, although it is possible shortly correction, or little cooldown. In this case of scenario I also assume short time declines: Fall min. reach target: 1800$ Fall mid. reach target: EMA 144 Fall max reach target: Moving average 200 Reaching positive target prediction in this case of scenario is around 2800-3000$ per ounce without blow of top. However, we are in important psychological price range so follow price action up to date, especially at lower time frames. Weekly: Moving Averages: Supported RSI: entering overbought area (still got some place) Stoch: with price action (currently resistance area) With little pressure from the actual financial system, national debt, lack of goods and the stock & economic discrepancies – opportunities for gold are highly appropriate.
TVC:GOLD
by NightTerm
EUR/USD FULL ANALYSIS Breakdown (SHORT This Week?)Disclaimer: 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 :). Update: Usually I do a weekly analysis but never really include it in these posts since it seems like its a little long for someone to read through. But, this week I am going to include my Weekly, Daily, and Hourly analysis for this pair and just let me know if you think it is too long of a post or if you like the extra information. Let us get right into the analysis and like always, feel free to message me or comment on these post any question you may have. Weekly Analysis: As you can see just looking at the weekly there is a zone where price is having a hard time breaking through and that is around the 1.14000 price range. The reason I really like this zone is cause price had bounced off of this zone 5-6 times in the past and price seems like it already had rejected this zone a little bit. This previous week had made a really big Doji candle, so for any of us to take a trade on this pair we would need more confirmation on lower time frames, from the weekly you could wait for another weekly candle but for a better entry going to a lower time frame would allow us to get a really good entry with a big risk to reward. If I can get a confirmation on a lower time frame then I will look to target the lows of 1.08050 since price has been there in the past, also you have to understand that this can take many weeks for this trade to play out so, if you are looking for a quick easy trade this may not fit your trading style. Daily Analysis: Today I decided to include two charts with this analysis, the first one is something that I noticed with this pair which it like to make a move to the downside but then come back all the way to that high retest and then drop. The second one is without the green lines but shows my original analysis you are used to seeing price has made its way back up to this resistance line and showed some weakness to the top side with the ending few candles last week. If we can get further confirmation and momentum to the downside then this could be a longer term trade to the downside but if we can get an entry on the lower time frames, this could be a good risk to reward trade. Although we have already seen big wicks to the topside and already some momentum to the downside, I would want to see more confirmation on the One hour time frame making a close below the recent lows or if you want to be more safe wait for a close on the 4 hour. Since there is a lot of very volatile moves going on recently we are going to place a very big stop loss hoping that we do not get stopped out on a big pullback. Hourly Analysis: There is not too much to look at with the current hourly candles, they have been just moving sideways the previous week so we are going to need a big bear candle closing well below the recent lows to get into this trade. If anything, make sure to risk a very little amount of your capital on this trade, their is a lot of pips to get over the next few weeks so do not rush anything and end up taking a stupid trade. Keep your risk managed and look at the long term when taking this trade. Like I already mentioned, if you are not able to stay in a trade long term then maybe this trade is not for you. Thanks again, KeySlot
Short
by KeySlot
1
EURUSD| Outlook for the MorningGood morning Traders, I hope you have all had a good weekend, As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment. We could have price action that spills out as illustrated, If we do Id be looking at what price action is telling me at that given time, the key is always to focus on what price action is telling me in the interim as well as what the overall picture is and where price action has come from. let me know your thoughts, agree disagree or neutral. Thank you
by NK008
EURJPY| EARLY MORNING BUY OPPORTUNITY (That I did not take)Afternoon Trader, I will be honest and say this IS NOT a trade I managed to take, I simply just missed it. Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action had pushed down too quickly for me showing we may potentially have some non tradable volatility and clear rejection of the most recent high level signalling very little momentum. However, over the course of the Asian session price action continued to form into a tight range/channel that then hit my key level of interest and my entry would have been triggered and impulsed away. but as stated I did not enter this trade but for the purposes of being fully transparent I thought It may help fellow traders. let me know your thoughts if you agree or disagree. Thank you.
by NK008
EURUSD| EVENING OutlookEvening Traders, As we can see I've scribbled a couple scenarios on the chart, it will be interesting to see how price action responds in the coming session we can see signs of exhaustion confirmed by the rejection candles from the 2 previous hourly candle close. I will be watching price action as we progress but I can see the level: 1.1490 as an area of interest that we are coming into. Price action over all is showing signs of a rounding bottom, I will be very interested to see how price reacts to this area and of course waiting for some potential buying opportunities, but of course as always we will wait for price action to confirm this. Let me know your thoughts if you think or see differently, thank you.
by NK008
2
EURUSD: outlook for the day.Afternoon Traders, apologise I am a little later then usual but I only like to share once i have something of value to share. Anyway As you can see from current price action we are stuck in an overall channel, naturally I would be look for a break of the low to then change the trend and enter on a short however, I dont think we are ready for that, just yet. we are slowly moving into the 1.1490 area, as you may recall, last time we were there, we were just at the start of the illness that shan't be named, it will be interesting to see how the markets respond to this level especially considering how correctively we are moving into that area. I will be watching very carefully and of course I will continue to share my thoughts as we develop.
by NK008
2