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DROP IN TRADINGHello! Today I want to talk about drawdown in trading. This topic is very important because it is directly related to the possible loss of all capital. What is a drawdown? When trading, you can make profits as well as take losses. When you lose too much and the account decreases significantly, this is called a drawdown. Losses in trading are normal and should not be feared. But you should not lose too much, a minus of 15-20% is considered a moderate minus value, and these losses must be controlled. Drawdown (DrawDown, DD, drawdown) in the foreign exchange market is a temporary decrease in funds in the trading account as a result of opening a losing trade. In simple words, a drawdown is a trader's floating or real loss. Drawdown types In the Forex currency market, it is customary to classify the following types of drawdown: The current drawdown is a temporary drawdown associated with an open position, which is now in the red. The size of the initial deposit does not change until the position is closed. As a result, the position itself can be closed even in a plus, but if the position goes into a minus, you should think about the rules of money-management. Because a position not closed in time may end up with a margin call. A fixed drawdown is a position closed with a loss. This type of drawdown negatively affects the size of the deposit, reducing it. If money management is not used correctly, such transactions can significantly reduce your deposit, which is not recommended. Maximum drawdown - the maximum value of deposit losses for the entire trading period. It is calculated each time from the previous maximum deposit amount, and the largest value is selected. For example, there were three big minuses on the account: $300 with a $1000 deposit, $450 with a $2000 deposit and $200 with a $2500 deposit. The maximum drawdown here will be $450. Relative drawdown - the maximum decrease in the account relative to the initial deposit, expressed as a percentage. It is often used when analyzing a trading strategy in order to understand after what losses a trader should think about changing the strategy. For example, if the relative drawdown is 20%, then with an initial deposit of $1000, the speculator will understand that it is necessary to close deals and modify tactics when the current drawdown reaches $200. The absolute drawdown shows how much the balance has decreased relative to the initial value. These data are similar to the relative drawdown, but are expressed in the deposit currency. Why analyze losses? Each trader should know how much he is ready to lose and at what value he needs to change the strategy and start trading a little differently. The percentage of allowed drawdown is different for each trader, conservative traders try to minimize the maximum drawdown, more aggressive traders take risks much more often and in large volumes. Large companies keep the maximum loss in the region of 15-20%. Optimal drawdown size The optimal drawdown size varies depending on many factors: the type of strategy, the amount of the deposit, the psychology of the trader, the timeframe, and so on. Drawdown can be divided into three types: A drawdown of 15-20% is working and quite normal. It can be restored, and it does not make strong adjustments to the trading strategy. A drawdown of 21-35% is a dangerous level of losses that will require a reduction in the volume of the trade and recovery can be difficult. Closer to the 30% mark, it is important to think about modifying the trading strategy and review it for errors in the risk management system. A drawdown of 36-55% is an actual harbinger of a loss of a deposit. It is better to close orders and think about what led to such a drawdown, which was not closed forcibly earlier. Drawdown reduction Setting a stop loss - and its size should not exceed 5% of the total amount on the trader's account. Optimal leverage - the use of a large amount of leverage can lead not only to drawdowns, but also to draining the trader's deposit to almost zero. Refraining from trading in an unstable market - very often a trader, observing even the first two conditions, still manages to lose almost half of his own funds during one session. Therefore, if you have made several unsuccessful transactions in a row, then it is better to give up trading for today and do something else. Correct assessment of probable profit - one should not be greedy when placing a take profit, its size should always correspond to the market dynamics. conclusions Every trader who wants to consistently earn money in the market must understand how much he is ready to lose, while the trader must do everything not to lose all his capital. You can lose 15% per month and it will not be scary for a trader who follows a trading strategy, money management and monitor losses. As a result, such a trader can return the lost next month. But those who do not follow these rules, do not think about a drawdown, do not know how much they are ready to lose and how much they cannot lose, as a result, everyone loses. Losses are inevitable, but don't let the market take everything. Good luck! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
10
TRADING MYTHSHello traders! There is a lot of information about trading on the Internet and it is sometimes difficult to understand what is true and what is fiction. Today we will try to sort out the most popular myths and understand what is really true and what is not. Work without rest You have to work hard, but don't overdo it. If you watch charts 24/7 or study hundreds of systems, you will simply go crazy. There will be a mess in your head, and most importantly, you will be tired. Improve your skills and discipline, keep a trading journal and analyze trades, and don't forget to rest. It's a matter of discipline Discipline is a very important skill for a trader. Through discipline, you can control your emotions and follow the rules. But do not think that one discipline is enough to be a profitable trader. If you are losing money over and over again, it may be because of your trading strategy. Analyze your trading and find your style. Point of entry The entry point is very important when making a new trade. The better the entry point, the less the price will go against you if you have analyzed everything correctly. However, there are other factors that play an important role in trading: position size, stop loss, trade management, etc. The entry point is just a part of the whole work. Did you know that even with random entry points, you can still be profitable if you think about stop losses, position size, and trade management? Profitability Trading is not a one day job. And do not expect that you will take a huge profit in an hour. The main task is to be profitable at a distance. Don't run for quick profits. Remember that the more positions you open, the more likely you are to lose. Engage in consistent profits that are different for different trading styles. For scalpers, consistent returns mean making a profit every quarter. For traders who trade daily charts, consistent returns will mean making a year's worth of profits. Determine the value of constant return for yourself and follow the plan. Trading is a risk Every day carries a variety of risks. You run the risk of being hit by a car or having an accident. But after a few driving lessons, the risk of getting into an accident decreases. It's the same with trading. Over time, you will become more experienced and will become better versed in trading, thereby reducing the risks. Everything in life comes with some risk, and your job is to keep all possible risks to a minimum. Leverage There are a lot of advertisements on the Internet for brokers who offer crazy leverage. Brokers say that you can make 100% profit from one position, but they don't say that you can lose everything. Leverage in inexperienced hands will result in the loss of the entire account. Always remember that leverage is a double-edged sword. It can increase both your gains and your losses. Grail Everyone wants to find it! But he is not. The Grail does not exist, and professional traders do not have any secret. To be profitable you must have experience, knowledge and discipline. This is what distinguishes professionals from beginners. You can make $100,000 out of $1000 You often see ads that say you can make $100,000 out of $1,000. It is unlikely that there will be at least one newcomer who is able to do this. Seeing such an advertisement, beginners think that it is possible to do it in one transaction. In trading, you need to have a lot of money to earn a lot. If you have a small initial capital, then you will not be able to earn a million dollars in the short term. In the early stages, think about how not to lose capital, and only when you learn this, you will understand how to make a profit consistently. Where will the market go? In the beginning, every trader wants to know exactly where the price will go. Essentially, it means knowing the future, which is impossible. No need to try to predict the future, in trading you will earn thanks to probabilities. You should study this topic and understand that you don't have to be right on every trade. You can be wrong more than half the time in determining future price action and still be profitable. It is enough not to lose more than you earn. Cut your losses and let your profits run. Conclusion The world is full of trading myths. There are gigabytes of information around and it is very difficult to understand what is true and what is fiction, what is really useful and what is not. Study the market, but don't believe everything you read. Listen to the best, but don't forget to think with your own head .
Education
by DeGRAM
4
HOW TO TRADE PULLBACKSHello everyone! Today I want to discuss pullback trading with you. You may have come across such a situation when you were waiting for a pullback to enter the market, but the price did not stop and went further. In the place where you expected the end of the rollback, there was a breakdown, and you did not receive an entry point. Something went wrong? Trend Trend is our friend! The most famous and most important rule. At the beginning of any market analysis there must be a trend definition. If you want to trade pullbacks correctly, you must determine the direction of the trend. If you are trading on the hourly chart, you must determine the direction of the trend on the daily chart and wait for the right situation on your chart, while trading, of course, with the trend. There must be a trend in the market in order to trade on a pullback. Trend types Trends are different, of different strengths. They can be divided into three types: 1. When the price bounces off the 20MA and stays higher, we say the market is in a STRONG TREND. 2. The price bounces and stays above the 50MA - GENERAL TREND. 3. The price reaches and bounces from the 200MA - WEAK TREND. Knowing these types of trend and being able to understand the movement will help us enter the market at the right point. Point of entry The entry points will be the areas around the MA lines. Here it is worth focusing on the word REGION. You must understand that the price can go below or above the MA and only then turn around, be prepared for this. Entry on a strong trend In a strong trend, the price stays above the 20MA. At the same time, you need to remember that with a strong trend, rollbacks are not deep. This means that finding the entry point will not be so easy. But you can open a position after the breakdown of the last maximum. Entry on a regular trend In a normal trend, the price makes deeper pullbacks. The price is testing the 50MA, while the previous resistance may become support. These are the moments we are looking for to enter. In such zones, we will wait for a price reversal candlestick pattern to enter. Entry on a weak trend In a weak trend, pullbacks are even deeper than in a normal trend. The price makes a strong pullback, reaching 200MA. When the price of the zone is reached, we are waiting for confirmation - a candlestick formation. Closing positions Closing a position is just as important as opening it. The main signals for closing will be the price movement beyond the MA line. For example, in a market with a strong trend, the price may go a little lower than 20MA, which is not critical yet, but it makes you be more careful. It is worth paying attention to the support level, which should not be broken by the price, but if the price still breaks through the level, then the position must be closed. With a weak trend, it is worth remembering that pullbacks can be deeper and the price will go beyond 50MA. You must be prepared for this. Watch for a support level that should not be broken. With a weak trend, holding a position is the most difficult. The price will make strong pullbacks, which will eventually force you to close the trade. Sometimes the price, having reached the desired zone, does not bounce right away. Consolidation begins and if you see such a situation, the best entry option would be to exit the consolidation zone. You must have a plan for every occasion. conclusions Trading with the trend is the most profitable business. You must be able to identify the trend on the higher timeframe and, importantly, be able to wait for the right situation on your timeframe. The market cannot be predicted with 100% certainty, so use stops and keep an eye on support and resistance levels. Good luck! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
9
CONQUER YOUR EMOTIONSHello everyone Today I want to talk about a very important topic in trading – emotions. Emotions accompany us in trading from beginning to end: when we open a position, while we hold and when we close. Our psychological state is constantly being tested. All this leads to constant mistakes and loss of money. But how to avoid all this? The main reason Think about what is the main reason for your emotional swings? It may seem strange, but the main reason for emotional mistakes is the continuous observation of the price chart. You constantly look at the chart, watch every tick, the price changes its direction every second, you overwork and begin to doubt the correctness of your forecast. At the same time, it is worth recalling that people like to watch: movies, magazines, books. We are constantly looking at something and looking for something new. Forex is interesting because there is money there. When a position is open, traders are happy to follow every price movement. And when the position is not open, what do you do? That's right, you don't look, because looking at the market is just so boring. If the position is open, it is difficult to resist and not look at the chart. What is the reason for the shaky psychological state of the trader? Your drug Constant monitoring of the price leads to addiction. You get tired, the exhausting observation of how profit comes and goes, leads to big mistakes. Continuous emotional roller coasters kill the desire to trade in us and at some point, on a subconscious level, you want to lose everything just to get away from the monitor. Familiar? How to overcome emotions? There are many different ways, today we will look at three that will help you avoid emotional overload. 1. Use a higher timeframe If you trade on minute charts and experience problems with emotions and fatigue, you should switch to an older timeframe. If you start trading, for example, on a daily chart, there will be no need to look at the chart every minute, because the price does not move so fast. The daily or 4-hour schedule does not change so often and it will be enough for you to look at the chart once or twice a day. Thus, you will remove from the equation the constant monitoring of the schedule, which leads to fatigue. You will have fewer mistakes, which means more profit. 2. Daily goals A great way to reduce emotional pressure is to set goals. The point is that you set yourself a certain profit and loss goal every day, and when you reach one of the indicators, trading for you stops today. You can set yourself a profit and loss goal, for example, of 50 points. As soon as you earn or lose 50 points, you go to rest until the next day. This is a great way, and it will definitely help to avoid over-trading. But not everyone can force themselves to leave, especially after losing money. Follow the strategy, otherwise you will be pursued by losses. 3. Lot reduction For many, this method may seem strange. After all, everyone thinks only about profit and how to get it quickly. The market is a dangerous place and there is no need to hurry here. Reduce the position by 5 times and you will see the difference in your trading. You will stop making mistakes, you will follow the strategy. But why? The problem is that when trading large lots, the trader thinks only about money, forgets about risks and rules. This is how the trader drains the account. When trading small volumes, your brain will be free from thoughts of quick profit. YOU will become more reasonable and attentive. Results Emotions will not go away and the market will always test you. Strong emotional swings make you make mistakes and lose money. Use the methods listed above and control over emotions will come, the results will improve. May peace come with you! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
22
BTCUSD 15 minute Chart Patterns - Possible Use demonstrationI think when I can explain how i use this chart i will understand it so much better. In this demonstration i am just imaging different paths and roughly where i could imagine making moves. If it hits a buy area becuse it is bouncing off a trend line and the volume. This is what every trader does, in their own way. I originally looked at many methods, all i could find, in books and online, they often all track the same point or area. So i figured my own method was as good as any, as lon as it worked for me. 

To have value now the price of crypto has to have potential gain in value or it will be loosing value. It changes constantly , especially, with manipulation, and we all make money off of buying and selling or we hope to make money by buying and holding or we do both. I do both. I bought my kiddo long term bitcoin. It could set her up or it could buy, hopefully, a first car. No one can really predict a price because price does not exist. Just movement. 

Which is every news story that is related, every celebrity endorsement every major company or player endorsement and if this makes any of them a profit they will increase its value with the rest f it wanting to hold crypto based on potential gain. Its value is in creating value. Which is a given. The fuel is the believers. Which is the telling.I don't think there is a way to know. Tomorrow they could shut it all down or say they embrace it and every body goes ape$%^t. Then you redo your charts and see what stands out as new psychological areas of gain and loss and game. This is the plan i see right now, but only one, of many possibilities. Though the chances of this being right is like .00000001 it would be super cool if its close. Either way i keep playing and learning for thee action the rewards lets me do it. And doing it makes the value tangible and enjoyable as the idea of spending crypto make no sense as its a fluctuating value that i'm investing in because i want it to to up. This is just my approach to explaining this approach. Why not. So take it as thinking out loud and feel free to agree or disagree. Im an artist and i trade to pay the bills. These spots i'm choosing are spots where I think it could easily bounce around and areas i could buy or sell. In these areas this is how i would be thinking of game value. But i will update and change my plan constantly. I like the idea that this chart will be locked in a moment in time and that some could be close. The market looks volatile and exiting. The excitement of how much can you make today. "Hey i paid for my groceries."Whoop! Whoop! is usually what i am thinking. "Hey that just paid for my kids college" is what id like to be thinking. Or even hey my kids makes a living in the crypto sector of gaming and virtual reality. I also created some art and ideas along the way.Longterm value requires much less action. So i like to use this approach in the now of the market , in the long of the market i use everything in the world i can consume and enjoy doing so i use it in teaching my child the world they are headed towards.

In the end i just make a buy or sell decision at a price point in moment in time in a positive to negative, negative to positive motion based on that same moment in the world. Like every other trader. Even the algorithms. This becomes important in belief. I have had stocks in companies that I thought were geniuses and were going to change the world and they completely went under. Thats how the money roll. buy, sell buy, sell, buy, sell. But i like crypto much better than stocks. Just as a whole. I am concerned the stock market will vanish before it merges into crypto. Probably cheaper for them to crash than to just swap our stocks for coin.
COINBASE:BTCUSD
by mindfree
SECRETS OF PROFITABLE DAY TRADING. №2. Continuation of the first part. SECRET 6 - High Time Frames Watch the situation on high timeframes. Watch out for high time frame trends. Often, this is how beginners open positions against the trend, do not follow higher timeframes. At the same time, there are situations when a correction has begun on a smaller timeframe, which is not yet visible on a higher timeframe. Such situations can be traded, but you should be very careful. SECRET 7 - Daily drawdown You should limit your losses per day. Choose for yourself a suitable value for losses and profits, upon reaching which, you will stop trading that day. If you decide that your daily drawdown is $100, this means that if you get a loss of $100, you will stop trading that day and do not make stupid trades in the hope of winning back. Hope for wagering - always leads to the drain of deposits from beginners. Control emotions and losses. SECRET 8 - Trading Sessions A day trader wants to make a quick profit and get out of the market, so it's important to keep an eye on the trading sessions and know when the market is most active. The European session, intersecting with the American one, creates the most volatile time on the market. At this time, the market moves faster, which will give you the opportunity to earn quickly. But do not forget about the risks, such volatility can bring losses just as quickly. It is worth remembering that the end of the Asian session and the beginning of the European one is a great time for reversal setups. SECRET 9 - Daily Volatility Each pair has its own daily volatility. And, if you know this value, it will be easier for you to understand when the movement potential is likely to be exhausted. These values ​​can be found on the Internet for each pair. SECRET 10 - Carrying positions through the night Very often, beginners make this mistake - they transfer positions to the next day. Do not forget that you opened on an intraday setup, that is, this setup most likely will not work the very next day. Tomorrow, and maybe even at night, the market will behave differently, go against you and reach your stop. Don't go against your strategy, follow its rules. conclusions Day trading is not easy, but it can be learned. In addition, it is very profitable. Good for overclocking a small account. But don't forget the rules. Don't go against the market, follow the strategy. Good luck!
Education
by DeGRAM
2
Dangerous/exciting resistence zone for Bitcoin / USDThe latest days the Bitcoin price has really shown strength. I know that a lot of traders have taken good profits from these movements. Also another group off people will probably show FOMO-action and will jump right in because the price is moving and they don't want to miss possible gains. Thats what FOMO is. However, watch out by stepping in now and take a sudden long position because of FOMO. Just have patience for the right confirmations. I say this because the price is hitting a crucial resistence-zone. When you take it a little further in the chart. Around january 2021 you can see the yellow-circled zone where the price bounced off this resistence-line (the same where the price is right now!), resulted in a drop of almost 27% to the 28900 prive-level. This price action was created in a bull-market. Around june 2021 the same thing happened. See the yellow-circled area in the chart. The price action was created in a bear market. Which is quite similar to the situation where we are in right now, where the price came down all the way from 68000. The orange-cirled area are showing no real heavy pull-backs though. So there could be a small chance that we will see bullish momentum, but for now.... i doubt it. Corrections are part of the game. Especialy when the prices hits like the last 2/3 days. In my opinion we should wait to get a retest of the 39000/40000 area before jumping in again. And search for possible long around there. If this level will not hold, we probably have to retain the 37000 level. And when this level doesn't hold I assume we will get to the 28900 prive-level and search for longs there. I just want to remind people .....DO NOT step in because of FOMO. Zoom out, and make the right deciscions. Always use a stop loss.
BITSTAMP:BTCUSDShort
by finaboyy
DEFINE YOUR LEVELHello to all! Let's talk about what levels of becoming a trader are. LEVEL #1: Unconscious Incompetence When a beginner enters the forex market for the first time, he thinks that it will be easy to make money. He has heard many beautiful stories and is now ready for you to go into battle. The price is going up! So it's time to buy. These first steps of an incompetent trader lead to disaster: usually a loss of the deposit. It can only be worse if the trader manages to earn something and starts to think that he understands the market. Over time, these traders lose everything. After a series of mistakes and losses, comes the realization of one's incompetence and the desire to become better. LEVEL #2: Conscious Incompetence At this level, the trader realizes that he lacks knowledge and the trader begins to study and seek… A trader looks for the Grail, buys "super profitable" indicators, learns trading methods and changes them every week without understanding. A trader experiments with indicators, Fibonacci lines, each new figure of technical analysis seems to be the one that will lead to success. The trader is looking for a bottom, an ideal entry point in the market and loses money again. This level can last for several months or even years. The trader will study, search, be disappointed every day. It is at this stage that most of the players leave, who do not believe that it is possible to make money on the market. LEVEL #3: “Eureka!” At the end of the second level, the trader begins to understand that it is not a matter of strategy, but of psychology. The trader begins to realize his mistakes and realize that he was succumbing to emotions that were blinding. The trader begins to study books on psychology and find his mistakes on the pages. At some point comes the realization that the future movement of the market is impossible to predict. The trader chooses a strategy that suits him and determines the risks for himself, trading becomes easier. Negative transactions do not upset, because the trader understands that the strategy works and sooner or later the trader will take his toll, you just need to act according to the strategy. A trader has learned to manage risk and learn the discipline to follow a strategy clearly. LEVEL #4: Conscious Competence A trader opens trades when the system gives a signal. A trader easily closes losing positions when he realizes that the market is moving against him. The trader allows profitable trades to grow, and cuts unprofitable trades. Most likely at this stage, the trader will trade at zero, learn not to lose money, understand how the market works. Losses do not bother, but the trader allows profits to grow, and this can continue for about a year. LEVEL #5: Unconscious Competence Trading is easy and unconscious. The trader, as if on autopilot, opens and closes transactions and does not feel emotional swings. The trader mastered his emotions. 100 pips of profit don't turn the trader's head like before. Trading becomes work. The trader does not stop developing and analyzes each trade in order to improve the system. And the trader likes all this, because it is still a very exciting journey, which now brings money to life. Conclusion Trading is not easy, but it can be learned. It should be understood that the main enemy in the market is your emotions. Do not lose control over yourself, study, analyze, follow the strategy and then you will succeed. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩
Education
by Lingrid
22
SECRETS OF PROFITABLE DAY TRADING. №1. Hello everyone! Today we will discuss a very important topic - intraday trading . Intraday trading is considered not an easy task, but quite profitable. There are a few secrets that every trader should know about. These secrets will greatly improve your trading and relieve you of unnecessary stress. SECRET 1 - Don't trade below H1 During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable. On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes. The higher the timeframe, the stronger the setups formed on it. SECRET 2 - Don't make too many trades Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often. Each trade should be entered after the setup signal , don't open trades just because you feel like it. Look for clear signals, like in the books. Wait, don't rush. SECRET 3 - Number of tools Day trading involves many quick decisions from the trader. If you follow 30 pairs at once, you will not be able to clearly analyze the market and will not be able to make the right decisions. There are enough deals inside the day, so keep an eye on 3 pairs , no more. For beginners and it will be a lot, start with one pair and as you get better, add more charts. Don't make it difficult for yourself, it's not easy. SECRET 4 - Risks The old risk rule still works and works well. Do not risk more than 1% of your capital on each trade. This rule applies most to beginners. Experienced traders can deviate from this rule and risk a little more. But this applies to experienced traders and even they should not risk 50% of the capital. It's too much. SECRET 5 - News News has always influenced and will influence the market. If the news is not so scary for high timeframes, then for smaller ones it can become a big loss. Do not trade half an hour before the release of important news. This is a dangerous time when the market can go either way very quickly, stopping your position. Don't take risks. Good luck! End of the first part.
Education
by DeGRAM
15
The 12 Tasks Of Trading12 tasks of trading which include: 1. Self-analysis to determine if you are in a state of mind to trade Prior to starting your trading day, it is very important to make sure you are in the correct state of mind to trade. You need to analyse yourself and make sure you are at the best state of mind to avoid mistakes in the markets. You cannot finish fighting with a friend, spouse, or colleague and expect to make great analytical decisions. Therefore, the first and most important step, is always making sure your mind is clear and at its best. 2. Mental rehearsal to avoid mistakes The second step includes you rehearsing your set of rules and making sure you are going to strictly stick by them. This will allow you to avoid many mistakes in the markets and in your day. 3. Daily focus to lead you towards your goal It is very important to have goals, but specifically daily goals. You need to determine what your goals are for the day including the pairs you are looking at, the times you will be trading, your risk management, and what you aim at gaining from the markets that day. Once goals are met, it is important to step back and wait until the next day to trade. 4. Developing your own style of a low risk idea. For students of Opes Trading Group, low risk ideas and strategies are all taught to them during the course. It is important for every trader to develop their own ideas and strategies that are low risk in order to always protect their capital. Capital preservation is the most important rule of forex trading. 5. Stalking the charts starting from high to low time frames Looking at the charts from the higher to the lower time frames allows you to be able to see the bigger picture before looking right in. if you started looking from the lower time frames, you could have a wrong picture painted for you as to where the price could be heading. You cannot see the bigger picture if you are standing too close to something, it is the same concept on the charts. 6. Action requiring commitment and not thought Once a trade and an idea has been analized, it is important not to second guess yourself and take the trade. Do not second guess yourself if you believe in yourself and your trades. 7. Monitoring the trade to keep the risk low Always keep your eyes on your trades. Now that doesn’t necessarily mean you need to be glued to your charts, but check them every once in a while, and at important candle closure to make sure they are still playing out the way you expect them to. 8. Aborting is the trade is not going well If a trade does not go as planned (and the reality is some won’t), it is important to cut your losses if the trade is clearly not going to recover. There is no reason to hold on to a losing trade if there is no reason for it to recover. 9. Taking profits when the reason for the trade has ended A take profit is placed for a reason, however sometimes the reasons end before the take profit has been reached, meaning it is very important to close the trade even if it means closing it early. Never become attached to a trade that you chase the take profit only to find yourself back at 0 or even in negative. 10. A daily review to monitor and prevent future mistakes At the end of every day, all the trades taken should be reviewed. This will allow you to see what you are doing right, and what you are doing wrong. This will give you a good indication for what is needed for future trades. 11. Being grateful for what went well Something so many people pay no attention to and ignore is gratefulness. Any positive day in the markets, is a great day! Be grateful for all that goes right, no matter how small the profits might be, because 90% of traders lost that day. 12. A periodic review to make sure everything is still working well Every quarter it is recommended that you review your whole trading system. As the markets change, we need to be able to change and adapt with them, therefore a periodic review will allow you to know if things that are working still are or aren’t.
COINBASE:ETHUSDEducation
by opes_trading_group
4
Basic Steps Of Growing As A Trader / Investor“ You don't set out to build a wall. You don't say 'I'm going to build the biggest, baddest, greatest wall that's ever been built. You don't start there. You say 'I'm gonna lay this brick as perfectly as a brick can be laid, and you do that every single day, and soon you have a wall.” - Will Smith - NEVER INVEST IN SOMETHING YOU DO NOT HAVE KNOWLEGE OF. Choose What Kind Of Markrt You Wanna Be Involved In, I Peronally Trade In The Forex Market. Introducing Forex - What Is the Forex Market? - An Overview of Forex Markets - Uses of the Forex Markets - Forex for Speculation - How to Start Trading Forex - Forex Terminology - Basic Forex Trading Strategies - Charts Used in Forex Trading - Pros and Cons of Trading Forex - What is Forex? - Where is Forex Traded?
COINBASE:BTCUSD
by Prof_Invests_ZA
BITCOIN Potentially Headed Back to 40k by Feb (Elliott Wave)Bearish momentum divergences and price action on almost all timeframes is signaling a potential top here. My Elliott Wave count (which I have been following since June 2021) is indicating that the forecasted wave-B could be coming to a conclusion. This is based largely on the fact that the time of wave-B is related to wave-A by 161%, which is a common time for wave-B to end, and it has already made a new high above wave-A as well as a 2nd new high shortly after. It also gives us the perfect amount of time for wave-C to end in late February 2022. I've also noticed quite a bit of exuberance on crypto twitter, which is usually one of the first signs that the market is nearing a top. A lot of people are expecting Bitcoin to hit 100k by the end of the year, which is seeming less likely at this point unless we are able to break 69k resistance with quite a bit of force in the coming weeks. For now it seems like being hedged for most cryptos is a good idea, I will unhedge if BTC makes convincing new highs. This leaves us with very minimal risk of missing out on any massive uptrend, but also prevents any large loss of profits from a large correction in the market. After we hit 40k in February, we should see a massive move up which will take BTC well past 100k in 2022. In the mean time it may be a good idea to be on the look out for some unique gems that break the downtrend.
BITSTAMP:BTCUSDShort
by Intuit
4
Crucial Area for Shiba InuThe positive of SHIB - Team is working on developing new innovation for the Coin - It has more than a Billion Marketcap - it is in most Crypto Exchanges The negative of SHIB - Mostly Base on Hype (Similar to DOGE) - It has Trillion Supply with No Max supply - The inflation of Shib is about 6.8% per year which is worse than the US dollar Final Thoughts - I believe Shib will continue to go down with minimal upside. I will take advantage of dips and take profit in pumps. All in all, this coin is short term, not long term.
COINBASE:SHIBUSD
by OmaOne
Breakout and retest of Multi yr resistance zone by Emami Realty About the company - Emami Realty Limited is part of the Emami Group. The Company undertakes real estate projects in the residential, commercial, and retail sectors. It currently has projects under planning and development across West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, and Maharashtra Technical Analysis Emami Realty Ltd. has broken multiyear resistance ( which has proved to be important zone) and has retested the same with good volumes. We may expect this stock to rally after it crosses 96-100 zone. Till that time we may expect consolidation in this stock. Risk-Reward appears to be favourable in current situation. Stock is also moving in an expanding upward moving channel, upper range current being held at 98-99. 100 being psychological level as well, we may some sharp upward movement above 100. Keep this stock in watch for 35-45% ROI from current level in coming weeks.
NSE:EMAMIREALLong
by Sohamkulkarni
ADA / USD Main trend (part). Chalice (Phase 4) PsychologyI made a specially line chart and to capture a large time period to show the main trend (part of the trend). Everywhere on the coins that are pumped at a very large percentage for mysterious, but logical reasons, the history of the chart disappears. The Binance chart is not the first exchange to start trading this coin. Before the first pumping in 2017 and super-draining, the coin was traded at $ 0.02, then it was pumped at $ 1.2, and the "promising technology coin" depreciated almost to the previous values ​​of $ 0.03. Just think about -99% of your deposit in 1.6 years! Further, the position before this hype was recruited in the range of 0.03 -0.04 dollars. Why am I describing this? And then, so that you are not fools and buy when there is an accumulation of position by large market participants. At the moment, with an average accumulation price of more than + 3000%. It doesn't matter here whether the price rises or not. The very fact of the behavior of the masses is important. Now, for example, you should not buy on this instrument (it does not matter if it grows or not), but sell, or if you know how to trade, increase your position (by trading, and not "topping up" money) if you are sure of further growth. Do not get attached to the "crypto wrapper" if you do not know how to work in a trend and thereby increase your position. All values on the price chart are extremely accurate. Pay attention to the price lows and highs on the candlestick chart, the numerical values of the levels and the percentages between them. A line chart (trend direction without noise) will not show this. A large cup has formed 3374.41%. At the moment, its 4th phase. An attempt to gain a foothold above the resistance of the cup (the highs of the previous madness hype). In the resistance zone of the large bowl, a horizontal channel of 52.42% was formed. At the moment there are attempts to break it out 1.72 ADA / USD Channel 52.42% Resistance 1.318 Breakout attempt 1.72 Fixation above this resistance at 1.318 will mean continued growth. Objectives on the chart. Not fixing the price above this resistance will give the potential to form a "Cup with a handle" formation. Rollback to the zone of the rising line of the secondary trend. In case of confirmation of support, working out already in the growth of the cup-with-handle formation, the goals are approximately the same. If this uptrend (green) price breaks out and consolidates below it, then you need to look for new entry points until the trend levels out.
BINANCE:ADAUSDEducation
by SpartaBTC
21
The ins and outs of trading psychologyThe ins and outs of trading psychology For something that I believe makes up the bulk of trading itself, I believe it is also the most overlooked. Trading psychology is what I am talking about, and it is definitely the most important aspect of trading that every trader needs to develop and master in order to become successful. In the most basic ways to put it, trading psychology is the term that defines all the feelings and emotions experienced day to day by traders. It is not something that can easily be controlled, however with time and experience it is definitely something that is needed to master in order to move forward in your trading journey. The two emotions that drive the markets are fear and greed. Based on these two emotions, you can find all the negative effects of trading psychology. Based on the emotion of fear, the following can occur: • Fear of missing out (FOMO), leading to bad entries • Exiting a trade too early • Exiting a trade in a drawdown only to see it go in their original direction • Adding to a losing position in hope of recovering the drawdown • Constantly checking your trade • Finding yourself glued to the charts Based on the emotion of greed, the following can occur: • Moving your original TP in order to gain more profits • Adding large positions after seeing gains in a position • Over trading and overleveraging to chase big returns • Risking big on a single trade Another important thing that needs to be understood is the difference between mistakes and losses. A lot of people think that trading mistakes and trading losses are the same thing. However, a trading loss is simply a trade that hit your stop loss and did not go your way. Until the day you learn to accept that losses are just as much a part of trading as winners, you will not become successful. A trading mistake on the other hand is you simply not following your own rules. You have to understand the importance of being disciplined and how it is possibly the single most important aspect of lasting in the markets. Never break your own rules just to be right, because as said earlier, you need to learn that losses are completely normal and expected. Emotions are a normal part of everyday life, however it cannot be stressed enough how important it is to leave them completely out of your trading. Many others believe that negative emotions should be shut off, however positive emotions are great to have, however I think otherwise. Emotions should not be attached in any way to trades, whether positive or negative. If emotions are attached to every single trade then what can happen is that you could have a great week and make a certain amount of money that week. Now by attaching an emotion to that trade, you are programming your mind to believe that the following week even if half that amount was made, it is not good enough as you do not have the same intensity of positive emotions. In trading you have to be emotionless towards both wins and losses and strictly follow your rules. Constantly working on your psychology and mindset is key to developing and succeeding as a trader. Something as simple as developing a daily morning routine, keeping a journal, meditation, exercise, and visiting a mindset coach, are great tools to constantly develop and keep your psychology and mindset at its best. Meditation alone has helped me to develop as a successful trader by improving my focus and attention, reducing stress, reduced panic, improved my information processing, increased mental strength and emotional intelligence, and increase in my focus. If there is one thing that cannot be stressed enough, it is that the aim of forex is to gain pips and not money. Chasing money, especially fast money, is gambling and you will never have control as long as you remain with that attitude.
BITFINEX:XRPUSDEducation
by opes_trading_group
Basics of Trading PsychologyPsychology is perhaps the single most important aspect of trading. Without the proper psychology, you are almost guaranteed to fail. First things first, you have to understand that trading is just as much of a profession as any other, and just like top performing athletes, trading reflects your performance, you are responsible for your results. In life your beliefs shape your reality, and you have to believe without a doubt that you could become a trader. Only once you completely trust yourself, you will be able to go ahead and become a trader. Every aspect of trading is psychological including everything we have spoken about pretty much. And since you trade your beliefs, that makes the biggest impact on the results you will receive. People make decisions based on fear or greed, it is that simple. And since the market is designed to take advantage of individuals psychological weakness, if you do not have control over yours then you will be a part of the 90% who lost that day. Since all trading is psychological, it is most important to always be working on yourself as a person, because that will greatly impact your mindset and attitude while trading. You cannot finish fighting with a friend, partner, or spouse, and sit on your computer expecting to make great analytical decisions while there is anger and indecisions going on in your head. Trading has to be treated just as much of a business as any other. A lot of people think that trading mistakes and trading losses are the same thing. However, a trading loss is simply a trade that hit your stop loss and did not go your way. Until the day you learn to accept that losses are just as much a part of trading as winners, you will not become successful. A trading mistake on the other hand is you simply not following your own rules. You have to understand the importance of being disciplined and how it is possibly the single most important aspect of lasting in the markets. Never break your own rules just to be right, because as said earlier, you need to learn that losses are completely normal and expected. By following your rules, you will focus less on being right and have less emotional attachment to trades. If emotions are attached to every single trade then what can happen is that you could have a great week and make a certain amount of money that week. Now by attaching an emotion to that trade, you are programming your mind to believe that the following week even if half that amount was made, it is not good enough as you do not have the same intensity of positive emotions. In trading you have to be emotionless towards both wins and losses and strictly follow your rules. According to Dr Van K. Tharp, there are 12 tasks of trading which include: 1. Self-analysis to determine if you are in a state of mind to trade 2. Mental rehearsal to avoid mistakes 3. Daily focus to lead you towards your goal 4. Developing your own style of a low risk idea 5. Stalking the charts starting from high to low time frames 6. Action requiring commitment and not thought 7. Monitoring the trade to keep the risk low 8. Aborting if the trade is not going well 9. Taking profits when the reason for the trade has ended 10. A daily review to monitor and prevent future mistakes 11. Being grateful for what went well 12. A periodic review to make sure everything is still working well   One of the biggest parts of a good trading psychology is believing in yourself. This can sound very straight forward until you deposit real money and place a trade. You will see parts of yourself being tested that you didn't know existed. You might find yourself checking the trade every few minutes or even seconds, you might look at your drawdown and doubt everything that you have done, you might lose a trade and think that you will never analyse another right. Let me give you some common examples, you analyse a trade and all the confluence is there, you then monitor your trade and after several hours you find yourself in drawdown leading you to close the trade, hours later you see that the price went to exactly where you had your take profit. Another might be after losing a trade you see a great opportunity, but your previous loss makes you doubt everything about the trade, only to see it reaching where you had in mind also. Of all the things learnt, if your psychology is not your main focus of work, you will not be able to succeed as a trader, not because you do not have the right knowledge and analysis to trade, but because you are your own enemy. Over trading is another reason why many people do not last long in the markets. Over trading is extremely negative as placing too many trades and adding on to your losses, you are not managing your risk correctly and only exposing your account and capital to more risk. The psychology going from demo to a real account is great also and individuals need to be careful as emotions will come into play. If there is one thing that cannot be stressed enough, it is that the aim of trading is to gain pips and not money. Chasing money, especially fast money, is gambling and you will never have control as long as you remain with that attitude.
BITSTAMP:BTCUSDEducation
by opes_trading_group
Will the Japanese Yen Gain Strength?Good day everyone, As you can see, USDJPY is in one of the most Crucial Area. This is is where the dump started years ago. From Technical Perspective - Base on DXY (Dollar index) we have reach the Pre-pandemic levels. This means, there will be a lot of Consolidation within the area for a couple of months. - The Japanese Yen has been weak for months across all pairs, it will gain some strength soon. - If we break the Crucial area, we might end up going to the Multi Multi year long resistance, but if it has trouble and starts consolidating with weak buy pressure, we can end up going down tremendously
Short
by OmaOne
1
The Truth About "DOGE!"Doge made a lot of people millionaires due to Hype from the bullmarket of 2020. Another reason was Elon Musk tweeting out about Doge. Many people have asked me, what I thought about Doge when it hit 60+ cents. I told them specifically that this Crypro has no use case and should take profit as quick as possible. The problem with Doge - Big Investors will invest just to make money but will not commit 100%. Many big investors took the money and ran, leaving many people Holding "BAGS" - It is a MEME coin, it already has a bad name to it. - It is inflationary, It has unlimited supply. The inflation rate is 5 billion Doge per year or around 4.1% inflation rate which is Higher than the US dollar. Take advantage - Personally, if another rally will occur, I will invest in Doge for short term gains. It is mostly short term which is invest, wait for the pump, and take profit. This is my Personal View base on Experience with Crypto for about 4+ years. Thank you!
BINANCE:DOGEUSD
by OmaOne
2