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Unethical trading representations (educational)This topic has not to my knowledge been covered on Tradingview before now. I specifically explore ' unethical trading representations' and explain in the limited time what that means as a concept. To be absolutely clear, I am not asserting that every paid-for service or representation is unethical or illegal. What I am saying is that new traders and the inexperienced are like 'fresh meat' for these schemes, that aim for a small percentage of them. The impact assessment - whether or not new traders pay for 'inner circle' access in these things, is of real importance. Nothing said in this post refers to any identifiable individual, group or entity. New traders especially need to be hyper-vigilant and cautious before parting with their money. But even if not parting with money, the potential negative impact is of importance. I declare a personal bias, that I have been stung by three of these early in my trading career.
Education
by Captain_Walker
The only way to profit from trading is discipline. Wrong Wrong !We all come to trading for freedom, financial freedom, free of work, trade whenever and wherever we want to... Now, everyone told you that you must be disciplined in order to be profitable from trading. Can you do it? Instead of discipline, you should be responsible... Yes, Responsibilities will change your trading. You are responsible for protecting your account, working on time, your health and etc... Please watch it and like and share if you think this video is useful. Thank you for watching!
Education
by FxFran
Psych Hack #0007 - decision-making - it's what we do. Everybody - I mean everybody - who is actively trading has to make decisions. Entry points, exit points, trailing stops, stop-losses and so on - they all involve decisions. But what affects the integrity of our decision-making ? Some say we don't need to make decisions, once we follow a mechanical trading plan. I disagree 100%. If everybody could follow a mechanical trading plan and be millionaires it would have happened already - it ain't happening! End of. I say that our decisions are made in our heads - our brains, our minds. I say that I (we) need to know about the pitfalls in decision-making - pitfalls that may affect our minds. I'm sharing some things I've learned with others. These may not be of relevance to everybody. However, as the hard evidence shows that between 75 and 90% of all traders lose money consistently, I think it should be of relevance to a majority. Declaration : None of this is advice - even if so construed. Opinions on the two charts shown are not be relied upon. Your losses are entirely your own.
Education
by Captain_Walker
Psychological trading hack #0002 (educational)In this screencast I share some of my own personal journey which I suspect may resound with many a struggling trader out there. This post is in keeping with the house rules on text-based analyses, and psychological self-analysis is the biggest most important aspect of trading. It is clearly in the category of 'Beyond Technical Analysis' I had been thinking for many days where to start with this journey. This morning I hit on it. It is about me! Not about charts and methods. So that's where I start. I share this for the benefit of all traders and especially new traders. I'm not saying I am right about everybody. I only know about my own journey and I think there may be some 'psychological hacks' in all this, to curtailing much suffering among other traders. Everybody knows that discipline in trading is required, and that is primarily a psychological issue. Proven methodologies for profitability just do not work for a majority of people. So the big factor is 'the people' and what leads them to make bad decisions in trading. I've been tackling it. Join me on the journey. This could be (though not necessarily) the most important journey of all.
Education
by Captain_Walker
99% of day traders consistently lose money (educational)In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by. The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and behavioural characteristics of day traders, more widely. Even if the results are 50% applicable outside of Taiwan, they are seriously worrying. For those interested in reading the study, Google: "Do Day Traders Rationally Learn about Their Ability". So, what does it all mean? For me it means: 1. That the knowledge, skill and experience required to be consistently profitable are extreme. 2. Day traders are most at risk of burning their accounts and departing never to return. 3. Even seasoned traders are at huge risks of losing money. 4. It isn't about methodology - it is about 'individual trader psychology' New traders need to be very cautious in following experts. A fair few of seasoned traders have set up training programmes, from which I suspect they make more money training, than in trading. Hard evidence on that is of course not easy to come by. But it's not me just saying so - a handful of true experts out there have said similar. [ For the avoidance of doubt, I have committed never to sell anything to new or seasoned traders. What you see is what you get. I do not need anybody's money. ]
BITSTAMP:BTCUSDEducation
by Captain_Walker
Hogs and pesosIn this screencast I focus on 'lean hogs' and the Mexican Peso v Sterling. The core issue is the ranging pattern on the daily time frame (over the periods I'm looking at). In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions). In other posts I pointed out that certain instruments have a certain personality to them. They behave differently in their volatility compared to others. One other that I did not put in the video is CADNOK on the daily or weekly time frame. I'm not saying that everybody should trade these instruments. They are certainly not for everybody because the sort of stop losses required on entering on these are very high indeed. So are the potential gains. Extreme stalking, timing and patience are required with these ultra-volatile charts. Success in the markets also involves finding and exploiting instruments that have their own particular patterns. Go forth and explore. :) :)
Education
by Captain_Walker
UFO revelations could rock the world's financial markets. This is under the category of 'Beyond Technical Analysis'. It is about systematic risk i.e. something previously unrecognised that causes major upset in markets. What's *UFOs* got to do with this? Just about everything. Your world has been built on a sense of security that we are alone in the universe. People's religious beliefs, their sense of who is in power and so on has depended on that for the last few hundred years. Now as World *UFO* day - 2nd July 2018 - approaches there is emerging evidence that *UFOs* are real. I do not say that everybody will suddenly change their belief systems overnight. What a lot of people do is, avoid or ignore hard evidence - especially the kind that causes them anxiety. But some people in a minority are different - they are swayed by evidence. What does it mean if *UFOs* are real - and no longer a joke. For starters it means that there is a power greater than governments and financial institutions. That is then likely to cause fear and uncertainty in the minds of some. What if the *UFO* people decide to take control - for example - is a thought that will cross the minds of some. Read around and see how secret files due to be released from the National Archives were withheld. Further references: See this article: Are we alone? Scientists revisit the question of aliens before National UFO Day And Secret dossier reveals British spies spent half a century trying to catch a UFO so they could use its alien technology to build SUPERWEAPONS Dr David Clarke's guide - 15 pages cross-referenced to the National Archives. There's something going on out there and they don't want you to know about it.
BITSTAMP:BTCUSDEducation
by Captain_Walker
Today's Lesson (#4) : Adjusting the leverage to volatilityIn this educational content video I had to cover one the biggest noob trader mistake, trading with too much leverage. That's basically what flushes out almost 80% of the noobs. Getting the margin call, putting more money into trading than you initially expexted. All of this is well known as gambling problems. And the recent flow of beginners who went to the markets with hopes of easy gains, most are now feeling the painful experiment of what the market is doing to fools. So I hope you'll learn something important today with that lesson. Cause if you don't, then you'll probably have to learn it the hard ways later...
BITSTAMP:BTCUSDEducation
by PRO_Indicators
13
How it's all connected upIn this video I explore how the US Dollar strength affects stock markets and the EURUSD. When I was very new to trading I had not known about all this - and late in the game I wished that somebody would have told me sooner. Shorter term bounces of the US dollar can cause traders to exit positions too soon. Around this time day traders could find that spikes in the US dollar causes them to be bounced out of trades that are long or short on other instruments. Volatility is what we need in trading, but there is a kind of love-hate relationship with it.
FX:US30Education
by Captain_Walker
Core rules to trade with Sinewave & MomentumHope this educational content will help you make a better use of the indicators. Remember that these rules are just ground rules. Positions sizes and stops positionning will depend on your own risk profile. This is up to you to find your comfort zone on these parameters. Indicators used in this video are : PRO Sinewave & PRO Momentum Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
BITSTAMP:BTCUSDEducation
by PRO_Indicators
25