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The Journey of a Trader 🎓From Day 1 Until Profitable On Day 1, a trader is just a passenger in a car that is controlled by others... This journey is so common that when people realize others are doing the same thing, they don’t feel so alone. I have talked with thousands of traders through the years and the vast majority of them experience this journey just as I have. Most start out so pissed off with life that something has to change. Most do not have college degrees. The ones that do have college degrees think they have an edge in trading… THEY DON’T but they can’t realize that yet. Some people are smarter than others so they think trading will come easier to them. IT WONT. For some reason, trading comes easier to basic factory workers with no education and no one knows why. Maybe it is just pure gut instinct. Maybe it is because they are used to following the rules. Whatever the case, trading is not, nor ever will be, easy. Most traders give up before the journey ends. It has been said that 80-90% will give up in their first year but there are actually zero statistical studies to back this up. One thing we do know, by looking at trading statistics from brokers is that only a small percentage are successful. By analyzing data from 3 of the largest forex brokers, we know that only 25-35% are successful in their trades and the others are losing. This is a totally different number than all the "95% of trader lose" we see blasted all over the place. No one knows the REAL number. Out of the small percentage that stick with it, success is born after a long and intense process. Successful traders go through a series of steps and it is kind of funny but we all go through the same steps, over and over. Most traders I know have gone down this same path and I am going to lay it out for you here. While you are reading, this I want you to ask yourself where you are along this journey. Ignorance Comes First Then comes the «WOW» moment! A WOW moment is when you find something that makes you take a double take, lose your breathe and say wow. The second wow moment! 💥 A new spark of excitement and hope sets in… Pure determination At this point, you become unstoppable. Others think you are crazy! Everyone, at this point, thinks you have lost your damn mind! Finally you can say, ” Heck Yeah, I made it!” Freedom! When you reach this point, you have given more effort than the overwhelming majority of so called traders out there. You have spent sleepless nights, sweaty day, cried, made yourself sick, mentally abused your mind, and just gave every dang ounce of energy you have to this profession. You have persevered and prevailed. Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
8
Euraud looks good to rally higher **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
⚠️ Risk Management Examples Showcase📍What Is the Risk/Reward Ratio? The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain. 📍Consider the showcased example: An investment with a risk-reward ratio of 1:3 suggests that an investor is willing to risk $100, for the prospect of earning $300. Alternatively, a risk/reward ratio of 1:4 signals that an investor should expect to invest $100, for the prospect of earning $300 on their investment. Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward). It is very important to calculate your R:R before entering a trade. Sometimes the trade might not be worth the amount you're risking vs the reward you can get. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
USDSGD Reaching a key level to watch**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
EU short term downA potential h&s...lets see.. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
"G" did "U" see that?Gee, golly, did you see how long it took for this trade PEPPERSTONE:GBPUSD to exit drawdown. It was only this morning after a long week of drawdown, and a even longer weekend of backtesting, the results are in! We set our stop loss, and allow the market to work. I have officially earned my very first $100 ever on the markets. According to my trading journal, my account is now up 58.24% in the month of April. Although trading this pair was not the smartest decision of mine. Learning how to trade has been the best decision I have ever made. Once I started taking this seriously, I am starting to witness the small results start to show: from learning price action, risk management, and fundamental analysis. There are so many elements into a being a professional day trader, and I am here for it. The biggest lesson I learned from this trade, was not to be emotional in the drawdown. If I cannot afford to lose $100, I cannot handle earning $100. A second lesson I have learned is how to simply read candlestick patterns. Third and final lesson of the day, was how to identify a divergence, these lessons, are exactly WHY I entered, and held the trade as long as I did, but from now on, I will stick to my trading plan, get in, and get out! In conclusion, I'd like to share my trading journal entry.. DID I FOLLOW MY PLAN? Yes. I exercised my 5 step trading strategy. WHAT DID I DO WELL? 1. Set My Stop Loss (Take Profits) in profit. 2. Traded the pair in a new session. 3. Exercised good risk management, by setting a stop loss. WHAT CAN I DO BETTER? 1. Allow price to test my zone before I enter a trade. 2.Cut My Losses Short Early 3. Stick to trading in my selected session! (London) WHAT DID I LEARN? 1. Cut My Losses Short Early In The Future. 2. Patience and Virtue 3. How To identify a divergence. DID I PREPARE PROPERLY? NO, I entered a trade with a high lot size without reading fundamental analysis on the pair first. I also did not set my price, and wait for a confirmation.
Short
by Cashflowmarcofx
1
Potential h&s on the h4?Watch 1.088 area**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
Audusd could likely be one of the weaker majors...Audusd should see more downside if USD is to strengthen on the higher timeframe... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
Audcad likely more downside **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
⚠️ Risk:Reward & Win-Rate CheatsheetThe reward to risk ratio (RRR, or reward risk ratio) is maybe the most important metric in trading and a trader who understands the RRR can improve his chances of becoming profitable. Basically, the reward risk ratio measures the distance from your entry to your stop loss and your take profit order and then compares the two distances. Traders who understand this connection can quickly see that you neither need an extremely high winrate nor a large reward:risk ratio to make money as a trader. As long as your reward:risk ratio and your historical winrate match, your trading will provide a positive expectancy. 🔷 Calculating the RRR Let’s say the distance between your entry and stop loss is 50 points and the distance between the entry and your take profit is 100 points . Then the reward risk ratio is 2:1 because 100/50 = 2. Reward Risk Ratio Formula RRR = (Take Profit – Entry ) / (Entry – Stop loss) 🔷 Minimum Winrate When you know the reward:risk ratio for your trade, you can easily calculate the minimum required winrate (see formula below). Why is this important? Because if you take trades that have a small RRR you will lose money over the long term, even if you think you find good trades. Minimum Winrate Formula Minimum Winrate = 1 / (1 + Reward:Risk) 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
8
Overtrading VisualizationThis diagram helps visualize the effects of overtrading. Overtrading is placing more trades than should be placed, typically resulting in unnecessary losses. There is a fixed number of trade setups that will occur with any trading system during any time period and ideally each trade setup will be traded to produce maximal profits. In general, trades that are not setups will result in losses. For simplicity, this diagram assumes the initial trades placed are all trade setups and that all trades placed beyond the # of trade setups are not setups. In reality, someone could place a number of trades that corresponds to the # of trade setups, but if half their trades were not setups, they will have losses. The resulting diagram may look something like this: Bottom line: Trade setups only and try and identify as many setups as you can. Identifying 100% of all setups that exist may be a tall order but trading 100% setups is possible with patience and discipline. Note: This idea was published primarily with day trading in mind, but it applies to any type of trading. Screenshot of main diagram:
AMEX:SPYEducation
by Skipper86
Gbpaud potentially turning on h4**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
USD Could be at a turning point...USD daily chart could be looking for a double bounce ,let's wait for level confirmations though still on the downside on higher timeframe. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
TVC:DXY
by Shadowing_The_Big_Boys
Risk Management Strategies Every Trader Should KnowIntroduction Trading can be a profitable venture, but it also comes with its fair share of risks. In order to succeed as a trader, it is important to have a solid risk management plan in place. In this article, we will discuss key risk management strategies that every trader should know. These include determining your risk tolerance, using stop loss orders, implementing position sizing, diversifying your portfolio, and monitoring and adjusting your strategy. Determine Your Risk Tolerance The first step in developing a risk management plan is to assess your own risk tolerance. This is the level of risk that you are willing and able to take on for a given trade. There are several factors that can influence your risk tolerance, including your financial situation, experience level, and personal preferences. To determine your risk tolerance, consider the amount of money that you are willing to risk per trade, as well as the maximum percentage of your portfolio that you are comfortable losing. It is important to be honest with yourself when assessing your risk tolerance, as taking on too much risk can lead to significant losses. Use Stop Loss Orders Stop loss orders are an essential tool for managing risk in trading. A stop loss order is an instruction to sell a security when it reaches a certain price, in order to limit losses. By setting a stop loss order, traders can limit their potential losses and protect their capital. It is important to set stop loss orders at a level that reflects your risk tolerance and the volatility of the market. Traders should also be aware of the potential for slippage, which is when the execution price of a stop loss order is different from the desired price due to market volatility or other factors. Implement Position Sizing Position sizing is another important risk management strategy that traders can use to manage their exposure to risk. Position sizing refers to the amount of money that a trader invests in each trade, and is typically expressed as a percentage of the trader's overall portfolio. Traders can use different approaches to position sizing, including fixed dollar amount, fixed percentage, or volatility-based position sizing. Each approach has its own advantages and disadvantages, and traders should choose the approach that best suits their risk tolerance and trading strategy. Diversify Your Portfolio Diversification is a key risk management strategy that involves spreading your investments across different assets or markets. By diversifying your portfolio, you can reduce your exposure to any single asset or market, and mitigate the potential for significant losses. There are many different ways to diversify your portfolio, including investing in different types of assets (such as stocks, bonds, and commodities), or investing in different geographic regions or sectors. It is important to carefully consider the potential risks and benefits of each diversification strategy, and to choose a strategy that aligns with your risk tolerance and investment goals. Monitor and Adjust Your Strategy Finally, it is important to monitor and adjust your risk management strategy on an ongoing basis. This involves regularly reviewing your trading performance, identifying areas of weakness or risk, and making changes to your strategy as needed. Traders should be aware of the potential for changes in market conditions or other factors that could impact their risk management strategy, and should be prepared to make adjustments as needed. This may involve increasing or decreasing position sizes, adjusting stop loss levels, or re-evaluating diversification strategies. Conclusion In summary, risk management is a crucial aspect of successful trading, and there are several key strategies that traders can use to manage their exposure to risk. These include determining your risk tolerance, using stop loss orders, implementing position sizing, diversifying your portfolio, and monitoring and adjusting your strategy. By taking a proactive approach to risk management, traders can minimize losses and maximize their potential for success.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
bitcoin and world war 3Good Day Everyone It is understandable to feel cautious about investing and trading in the current geopolitical climate. There are indeed tensions between several countries, such as China and the USA, Israel and Iran, and Russia and NATO, among others. These conflicts could potentially escalate and lead to a full-scale world war. However, it is important to keep in mind that predicting the occurrence of a world war is complex and uncertain. While there are geopolitical risks, these do not necessarily mean that trading in decentralized assets like cryptocurrencies will inevitably result in the loss of all your money. Investments, including trading in cryptocurrencies, always involve risks. Risk management is an essential aspect of investing, and it is up to each individual to assess and manage their own risk tolerance. While the current global situation may warrant caution, it is important to remember that diversification is key to managing risk. Bitcoin, the world's largest cryptocurrency by market capitalization, has recently been trading at around 29,000 USD. This is a significant drop from its all-time high of nearly 65,000 USD in mid-April 2021. The volatility of Bitcoin and other cryptocurrencies is well-known, with prices often fluctuating wildly in response to a wide range of factors, from news events to regulatory changes and market sentiment. One major factor that is currently contributing to the uncertainty and volatility in the cryptocurrency market is the prospect of a potential world war. While the likelihood of such an event remains uncertain, there are certainly many geopolitical tensions and conflicts around the world that could potentially escalate into something more serious. In such a scenario, investors may be looking to reduce their exposure to high-risk assets like cryptocurrencies and move their money into safer, more stable investments. It is worth noting, however, that the decision to pull out of cryptocurrencies and other high-risk assets should not be taken lightly. While these investments can be volatile and risky, they can also offer potentially high returns for those who are willing to take on the risk. Moreover, there are many factors that can affect the price of cryptocurrencies, including government regulations, technological advancements, and changes in investor sentiment. Therefore, it is important for investors to carefully consider their options and assess the risks and rewards of different investment strategies. It may be wise to consult with a financial advisor or investment professional before making any major investment decisions. In the meantime, it is important to stay informed about the latest developments in the world and to monitor the situation closely. While there is no way to predict the future with certainty, having a solid understanding of the risks and opportunities in the market can help investors make informed decisions and navigate the ups and downs of the crypto market.
by Htback
⚠️ 🔥 Systemic Risks Alert & the 3 De-couplingsThis is long 20 min video. I think i reached the limit as i didn't manage to finish the recording but you will get the point. You better get the point or you might run deadly risks going Long or Short.... I am going to start with the 3 de-couplings: 1. China-US Decoupling 2. Banks - Crypto decoupling 3. Crypto-Indices decoupling I cover all 3 in the video plus i offer my insights on how to approach the trading part (hedge mode is ON). Potential Systemic Risk events: 1. Banks.. not looking good, it's quiet now but willit be under control? 2. Attack on the petrodollar. Will US lose the superpower status? Ask Saudi Arabia 3. War. Will it stay just in Ukraine? Combine it with (2) and it could be bad. Links: thediplomat.com www.middleeastmonitor.com news.sky.com tvpworld.com goldswitzerland.com Allow me to be worried..or if you don't agree with me you might want to agree with Ernest Hemingway: “the first panacea for a mismanaged nation is inflation of the currency; the second is war” www.forbes.com Stay cool, this is just history in the making. The FXPROFESSOR (Bitcoin sounds like the best option)
CME_MINI:ES1!Short
by FX_Professor
2
2 Free Online Games that Have Helped Me Become a Better Investor2 Free Online Games that Have Helped Me Become a Better Investor. So Im in the middle of reading the " A Man of for All Markets" by Edward O. Thorp, and its fascinating. Hes a mathematician who proved there was a potential edge in blackjack (21) based on the cards that were left in the deck. He also went on to be investing fund manager who focused on covered calls and warrants and had a consistent track record for 20-25% annual returns. But his logic covered in his book focused on not only the odds of winning but the sizing of bets in both playing games and investing. Risk management and bet sizing is not spoken about enough in life I believe. In the age of YOLO and wall street bets, clearly its not celebrated enough. A YOLO bet is a massive bet because 'you only live once'. how silly mathematically and how foolish from a consistency basis. Been there done that. Bet sizing is key for survival. If you cant endure and survive long enough to be massively right, then your out of the game. In the video I share 2 games that I think are awesome for practicing these concepts. I really I had learned to play and practice these concepts in games like this in college or high school. Its a math simulation. the Coin flip game is fantastic for learning how to manage risk and bet sizing. The Cashflow game by rich dad poor dad is awesome for taking investment habits and cash managements and applying them into a mini lifecycle that rhymes with real life. If youre new to investing, or just sharpening your skills, I definitely recommend both games. Have a great day, Cheers!
SP:SPXEducation
by ValuePig
5