Alibaba (BABA): Stagnation Phase or Momentum Boost?We are currently experiencing a phase of stagnation with Alibaba, as the stock remains in a new accumulation phase after breaking out of the previous one. The price might retest the Point-of-Control along with the trendline that was broken during the breakout, potentially providing a good momentum boost.
Despite the sideways movement, our position remains profitable. From a long-term perspective, our entry looks strong, with a 10% stop-loss from our entry point. The upside potential for Alibaba is significant, given how far the stock is from its historical highs.
The main concern with Alibaba is the jurisdiction risk, as it is a Chinese stock and subject to influences from China, which adds a layer of risk not present with American stocks. Nevertheless, as long as the price stays above $72.38, the outlook remains positive. Losing this level would be unfavorable and could indicate further downside risk.
In summary, we remain optimistic about Alibaba's potential, keeping a close watch on the key support levels to manage risk effectively.
Stocks!
S&P/TSX Composite Index Continues Record-Breaking MomentumCurrent Market Situation:
The S&P/TSX Composite Index closed slightly above 24,050 on Friday, marking a 0.7% weekly gain and continuing its record-breaking trend.
Driving Factors:
Weak GDP data for August pointed to economic stagnation, reinforcing expectations of a dovish stance from the Bank of Canada, which improved market sentiment.
Gains in energy and financial sectors helped buoy the index. Notable stocks like Imperial Oil and TD Bank rose over 0.6%.
Challenges:
Declines in major stocks, including CIBC, TC Energy, and First Quantum, each down over 1.3%, weighed on the broader market's performance.
Outlook:
Despite some sector-specific declines, the index maintained its upward trajectory, remaining poised for a positive close to the week.
#SPTSX #StockMarket #CanadaEconomy #EnergyStocks #FinancialSector #MarketSentiment
EXXON MOBIL Buy signal on the 1D MA200.Exxon Mobil (XOM) has turned sideways since the June 17 Low and yesterday hit and held and 1D MA200 (orange trend-line). Technically this calls for at least a Resistance 1 test on the short-term so we turn bullish, targeting 120.00 (marginally below that level).
If however it turns out that the dominant pattern is indeed now a Channel Up, on the long-term we can see prices as high as the 1.5 Fibonacci extension (131.50), which is where the previous Higher High was priced on April 12 2014.
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Tesla (TSLA) AnalysisCompany Overview: Tesla NASDAQ:TSLA continues to lead the electric vehicle (EV) market, and its ambitious leap into humanoid robotics with the Optimus robot could open up massive new revenue streams. CEO Elon Musk projects this venture could unlock a $200 trillion opportunity, particularly in household and manufacturing applications.
Key Catalysts:
Optimus Robot: Visionary investors like Cathie Wood of ARK Invest estimate a $12 trillion market for humanoid robotics, where Tesla aims to be at the forefront, revolutionizing industries.
Full Self-Driving (FSD): Tesla's advanced FSD technology could be licensed to other automakers, creating new revenue channels. Musk’s long-term goal of launching an autonomous ride-hailing business or robotaxi fleet offers additional upside potential, which could reshape the automotive and transportation landscape.
Expanding Market Potential: Beyond EVs, Tesla's expansion into AI-driven robotics and autonomous vehicles places it at the intersection of multiple high-growth markets.
Investment Outlook: Bullish Outlook: We are bullish on Tesla above $193.00-$195.00, signaling strong confidence in its continued leadership in both the EV and emerging robotics sectors. Upside Potential: Our target for TSLA is $360.00-$370.00, driven by the potential commercialization of humanoid robots and further advancements in autonomous driving technology.
⚡️ TSLA—Driving the Future with Innovation in EVs, AI, and Robotics. #EVs #AI #AutonomousDriving
GOLD --- When Breakout? $2700 Target remains in place. The war against sound money...
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?
Bullish Stocks, But Watch Pullbacks and Gaps On SP500The stock market has been very bullish over the last two weeks, with strong gains this week following China's policy actions to support their economy. This has had a positive impact on stocks globally, and it’s no surprise to see the S&P 500 trading higher. Looking at the December futures contract, from an Elliott Wave perspective, we can clearly see a five-wave movement up from the September 9th low.
While this bullish momentum continues, it’s important to be cautious as we may be nearing potential resistance in this fifth wave, around the 5,820 to 5,880 area. I think that pullbacks could occur in the next few days, especially if USD stays up with yields. If we do see a correction, the key levels to watch would be the previous swing supports, with the first at 5,754 followed by 5,674. These levels also correspond to regions of open gaps on the cash market, and typically when such gaps are filled, the market can resume its primary trend, which is up. So, if an ABC drop occurs into one of these gaps, it could present an opportunity to rejoin the uptrend in the stock market.
WALMART Short-term correction on the wayLast time we looked at Walmart (WMT) we gave a solid sell signal (March 27, see chart below), which served as a pull-back step for the stock's amazing recent Bullish Leg:
This time, the Channel Up it's been trading on is more aggressive, with each Bullish Leg posting rallies of +22% and 23.60% and bottoms made only just under the 1D MA50 (blue trend-line), presenting easy buy opportunities.
As the moment, the price is already on the Channel's top (Higher Highs trend-line), having completed a +22% rise and technically the maximum it can go to is +23.60%. As a result, we expect a short-term correction now of at least -6.40% (similar to the last one). We estimate that to be around $77.00 and once the 1D MA50 breaks again, we will get our new buy opportunity, possibly on the 4th candle after the break.
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Amd - Targeting New All Time Highs! Amd ( NASDAQ:AMD ) is targeting new all time highs:
Click chart above to see the detailed analysis👆🏻
This month Amd perfectly retested and already rejected the previous resistance which was turned support after the bullish breakout. Following the overall swings inside of the rising channel formation, I do expect Amd to create new all time highs over the next months.
Levels to watch: $250
Keep your long term vision,
Philip (BasicTrading)
SWING IDEA - HAVELLS INDIAHavells India , a leading electrical equipment company, is presenting a promising swing trade opportunity.
Reasons are listed below :
Breakthrough of Resistance Zone : The 1450-1500 zone has historically been a strong resistance area. The price has broken through, retested, and is now again breaking previous higher highs, indicating a potential upward momentum.
Bullish Marubozu Candle on Weekly Timeframe : A Marubozu candle, which lacks upper and lower shadows, shows strong bullish sentiment, suggesting continued buying pressure.
Breaking a Long Consolidation Phase : Havells India has emerged from a consolidation phase that lasted over 2.5 years, indicating a potential bullish trend ahead.
Trading Above Key Moving Averages : The stock is trading above the 50 and 200 exponential moving averages on the weekly timeframe. This is a strong indication of a prevailing upward trend.
Higher Highs : The stock is forming higher highs, suggesting that it is in a consistent uptrend and may continue to climb.
Trading at All-Time High : While this indicates a bullish outlook, it is important to monitor the price action for any signs of exhaustion or potential pullbacks.
Target - 1900 // 2100
Stoploss - weekly close below 1450
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - MACROTECH DEVELOPERS (LODHA)Macrotech Developers , a prominent real estate company in India, presents a swing trading opportunity based on its current technical setup.
Reasons are listed below:
1200 as a Strong Support Zone : The 1200 level has been a significant support zone, providing a strong foundation for a potential upward move.
Double Bottom Pattern on Daily Timeframe : A double bottom pattern has formed on the daily chart, which is a classic bullish reversal pattern, indicating the potential for an upward trend after testing the support zone twice.
50 EMA Support on Weekly Timeframe : The stock is finding support at the 50-week exponential moving average, which often acts as a strong support level, reinforcing the bullish sentiment.
200 EMA Support on Daily Timeframe : The 200-day exponential moving average is also providing strong support on the daily chart, indicating the long-term trend remains intact.
0.382 Fibonacci Support: The stock has bounced off the 0.382 Fibonacci retracement level, suggesting that the current price level is a strong support area, and there may be further upside potential.
Target - 1415 // 1600
Stoploss - weekly close below 1100
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - PVR INOXPVR INOX , a leading cinema exhibition company, is displaying technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
1440 Resistance Zone : The 1440 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe with Volume : The recent formation of a bullish engulfing candle on the daily chart, accompanied by increased volume, suggests strong buying pressure and potential for further upward movement.
Breaking 5-Month Consolidation : The stock is breaking out of a 5-month consolidation phase, signaling a potential new bullish trend.
Double Bottom Pattern on Weekly Timeframe : The formation of a double bottom pattern on the weekly chart indicates a potential reversal from the downtrend, signaling a bullish outlook.
Bouncing Back from Golden Fibonacci Support : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move.
Target - 1560 // 1720 // 1825
Stoploss - daily close below 1330
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HEGHEG, a key player in the graphite electrode industry, presents a strong swing trading opportunity
Reasons are listed below :
1950-2000 Strong Support Zone: This zone has proven to be a reliable support, making it a crucial level for price stability.
Bullish Engulfing Candle on Weekly Timeframe: A clear sign of buying strength, indicating potential for a bullish move.
Cup and Handle Pattern Breakout and Retest: A textbook breakout followed by a successful retest, signaling potential upward momentum.
50 EMA Support on Weekly Timeframe: The stock is supported by the 50-week EMA, adding to the bullish bias.
Target - 2400 // 2740
Stoploss - weekly close below 1900
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
XAUUSD 25-9-2024Hello Traders, Thank you for following me. I have been very much inconsistent with my post due to my travel for job.
This is TIP for everyone, specially if you are a beginner in any market. this is the market you want to avoid, check this level on 5min and check how you will get trapped everytime you try to get into trade. this is the market that will wipe your account every single day.
UNITED HEALTH forming a bottom.United Health (UNH) gave an excellent dip buy opportunity last time (March 29, see chart below), with the price even breaking above the long-term Resistance Zone eventually:
The price has since entered a Channel Up pattern with the price now below its 1D MA50 (blue trend-line), having already topped and attempting to form a new Higher Low at the bottom of the pattern.
Like the previous one in June, this bottoming process can take another 3 weeks, so we will time it accordingly and target 675.00 (+21.00% rise, similar to both previous Bullish Legs).
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Lesson 3: Discipline – The Pillar of Consistent ProfitabilityWelcome to Lesson 3 of the Hercules Trading Psychology Course—Discipline: The Pillar of Consistent Profitability. Building upon the foundational traits of Initiative and a strong Trader Mindset explored in the previous lessons, today we delve into Discipline. This crucial trait is the backbone of sustained success across all financial markets, including forex, stocks, commodities, and cryptocurrencies. Whether you’re engaged in short-term day trading or long-term swing trading, mastering discipline is essential for maintaining consistency and achieving long-term profitability.
Why is Discipline So Crucial in Trading?
Even the most passionate and knowledgeable traders can find themselves losing due to personal hurdles. Discipline acts as the glue that holds your trading strategies together, ensuring that emotions don’t derail your plans. This lesson serves as a gentle reminder to stick to your discipline and offers a straightforward fix: set up a structured system for your entries and exits. Keeping this system in plain sight can significantly reduce errors, making it easier for you to adhere to the right processes.
In the dynamic world of trading, discipline is not just about following rules—it’s about creating habits that foster consistency, reliability, and resilience. For swing traders, who hold positions for several days to weeks, discipline is particularly vital. Unlike day traders who make rapid, short-term trades, swing traders need to maintain their composure over longer periods, resisting the urge to make impulsive decisions based on short-term market fluctuations.
Understanding Discipline in Your Trading Journey
To truly grasp the importance of discipline, it’s crucial to define what it means within the trading landscape. Discipline involves several key aspects:
1. Adhering to Your Trading Plan
A well-crafted trading plan outlines your strategies, risk management techniques, and criteria for entering and exiting trades. Discipline ensures that you stick to this plan, rather than deviating based on emotions or fleeting market trends.
For Swing Traders:
Stick to your long-term strategies. Resist the temptation to alter your plan based on daily market noise. For instance, if your plan dictates holding a position for two weeks, avoid the urge to exit prematurely due to minor market movements.
For Day Traders:
Follow your short-term strategies meticulously. Adhere to your predefined entry and exit points, even when the market is volatile. This consistency helps in minimizing impulsive trades driven by emotional reactions.
2. Consistent Execution
Consistency is paramount in trading. This means executing trades based on predetermined criteria, regardless of external factors or internal emotional states.
For Swing Traders:
Consistently apply your analysis and follow through with your trades. Whether you’re trading stocks, commodities, or cryptocurrencies, ensure that each trade aligns with your long-term strategy.
For Day Traders:
Execute your trades with precision and timing. Consistent execution reduces the risk of errors and helps in maintaining a disciplined approach amidst rapid market changes.
3. Risk Management
Discipline involves managing your risk effectively. This includes setting stop-loss orders, limiting the size of your trades, and ensuring that no single trade can significantly impact your overall portfolio.
For Swing Traders:
Implement risk management strategies that protect your capital over the long term. Diversify your investments across different financial instruments to mitigate risks.
For Day Traders:
Use strict risk management techniques to handle the high-frequency nature of day trading. Limit your exposure per trade and use tools like trailing stops to protect your profits.
4. Emotional Control
Maintaining emotional equilibrium is essential. Whether you’re a swing trader dealing with overnight market changes or a day trader handling rapid price movements, controlling emotions like fear and greed is crucial for making rational decisions.
For Swing Traders:
Develop patience and resilience to withstand market volatility. Avoid making decisions based on temporary market sentiments.
For Day Traders:
Stay calm during fast-paced trading sessions. Use techniques like deep breathing or short breaks to manage stress and maintain focus.
How Do Emotions Affect Trading Decisions?
Trading systems are invaluable because they lay out clear entry and exit points, helping you bypass personal biases that can creep into your decision-making process. However, the real challenge lies in sticking to that system, as emotions and logic often intertwine. When you’re operating in markets worth trillions of dollars daily, emotions can significantly disrupt your decision-making.
Reflecting on past trades, it becomes evident that feelings like anger or being entangled in long-term relationships can lead to decisions you’ll regret later. Therefore, emotional awareness is paramount for effective trading. Recognizing and managing your emotions ensures that your decisions are based on strategy rather than impulse.
For Swing Traders:
Emotional control helps in maintaining a long-term perspective. It prevents you from making hasty decisions based on short-term market fluctuations or external stressors.
For Day Traders:
Managing emotions is crucial for making swift and rational decisions. It prevents you from overreacting to sudden market movements or news events.
How Can You Trade Without Emotions?
To achieve success in trading, it’s imperative to keep your emotions in check. Trading based on feelings can lead to consistent losses that no one desires. Here’s how you can trade more rationally:
1. Record Every Trade
Documenting each trade provides valuable insights and emphasizes the need for a solid system over mere gut instincts.
For Swing Traders:
Maintain a trading journal that records the rationale behind each long-term trade, the market conditions at the time, and the outcomes. This helps in identifying patterns and improving your strategies over time.
For Day Traders:
Keep detailed records of each intraday trade, including entry and exit points, the emotions you felt, and the results. Analyzing these records can help in refining your trading tactics and emotional control.
2. Adopt a Military Mindset
Just like military strategists make tough calls by focusing on logic and strategy, traders should ditch emotions and rely on their plans.
For Swing Traders:
Approach your trading with the same discipline and strategic thinking as a military operation. Stick to your long-term plans and adjust based on thorough analysis rather than emotional impulses.
For Day Traders:
Implement disciplined routines and systematic approaches to your trading sessions. Rely on predefined strategies and avoid making spontaneous decisions based on fleeting emotions or instincts.
3. Develop a Solid Trading Plan
A well-structured plan acts as your roadmap, guiding you through market fluctuations without emotional interference.
For Swing Traders:
Your trading plan should include your long-term goals, risk tolerance, diversification strategies, and criteria for entering and exiting trades. Regularly review and adjust your plan based on market changes and your evolving objectives.
For Day Traders:
Your plan should outline your daily trading strategies, risk management rules, and specific entry and exit points. Consistently follow this plan to maintain a disciplined approach.
4. Embrace Losses as Learning Opportunities
Every loss is a step towards mastery. Analyze your mistakes, understand what went wrong, and adjust your strategies accordingly. This mindset transforms setbacks into valuable lessons.
For Swing Traders:
Use long-term losses as opportunities to refine your investment strategies and improve your market analysis techniques.
For Day Traders:
Treat each loss as a lesson in emotional control and strategic improvement. Adjust your day trading tactics to minimize future losses.
5. Practice Mindfulness and Emotional Control
Techniques such as meditation or journaling can help you stay grounded and manage emotions effectively. Maintaining emotional balance is crucial for making rational trading decisions.
For Swing Traders:
Incorporate mindfulness practices into your daily routine to maintain a calm and focused mindset, essential for long-term trading success.
For Day Traders:
Use short meditation sessions or deep breathing exercises during breaks to manage stress and maintain clarity during intense trading periods.
6. Seek Support
Engage with a community of traders or seek mentorship from experienced professionals. Sharing experiences and gaining insights can provide encouragement and reduce feelings of isolation.
For Swing Traders:
Join long-term investment forums or groups where you can discuss strategies and share experiences with like-minded traders.
For Day Traders:
Participate in day trading communities or mentorship programs that offer real-time support and feedback on your trading practices.
How Can Trader Discipline Improve Outcomes?
Traders often trip up because they lack that crucial discipline, especially when they can’t resist checking their trades throughout the day.
1. Ignore Intraday Movements
The best approach? Just ignore those intraday movements! If you didn’t peek at your trades at all, the smart move would have been to simply do nothing.
For Swing Traders:
Avoid monitoring your trades excessively. Trust your long-term strategies and let your positions develop over days or weeks without constant interference.
For Day Traders:
Limit the number of times you check your trades to maintain focus and reduce the temptation to make impulsive adjustments based on emotional reactions.
2. Avoid Mobile App Temptations
Sure, many folks use mobile apps to keep an eye on their trades, but that constant monitoring can really mess with the market’s natural flow.
For Swing Traders:
Set specific times to review your positions rather than checking them sporadically throughout the day. This helps in maintaining a consistent and disciplined approach.
For Day Traders:
Use trading platforms that allow you to set alerts rather than constantly monitoring your trades. This way, you stay informed without becoming overwhelmed by every minor market movement.
3. Step Back for Better Results
It might seem a bit odd, but taking a step back can actually set you up for better trading results in the long run.
For Swing Traders:
Allow your trades the necessary time to develop. Overanalyzing or frequently adjusting your positions can lead to unnecessary losses and disrupt your long-term strategy.
For Day Traders:
Implement strict entry and exit times. This prevents you from getting caught up in the heat of the moment and helps maintain a disciplined trading routine.
How Can You Avoid Trading Decision Interference?
If you want to keep your trading decisions intact, a good tip is to stop checking your trades all the time. Frequent checks can totally mess with your judgment and lead to impulsive choices.
1. Establish a Routine
Create a consistent schedule for reviewing your trades to prevent constant monitoring.
For Swing Traders:
Review your trades at the end of each week or after a set period. This allows you to assess performance without the distraction of daily fluctuations.
For Day Traders:
Set specific times during the trading day to review your positions. Avoid the temptation to check your trades outside these designated times.
2. Limit Trade Monitoring
Define how often you’ll check your trades and stick to it.
For Swing Traders:
Avoid the urge to check your trades multiple times a day. Trust in your analysis and give your trades the time they need to play out.
For Day Traders:
Use automated alerts to notify you of significant market movements instead of manually checking your trades constantly.
3. Resist the Urge to Chase Losses
One of the biggest pitfalls in trading is the temptation to make larger trades to recover losses quickly.
For Swing Traders:
Stick to your risk management rules. Avoid increasing your trade sizes impulsively to recover from losses.
For Day Traders:
Maintain strict discipline in your trading plan. Don’t let a series of losses push you into making larger, riskier trades that can exacerbate your situation.
Why Avoid Overcompensating in Trading?
If you’re feeling down about your trading account, it’s super tempting to try and make up for those losses by jumping into bigger trades. But here’s the kicker: that can really set off a downward spiral that might just drain your account.
1. Stick to Your Trading Plan
Avoid the urge to deviate from your established trading plan in an attempt to recover losses quickly.
For Swing Traders:
Maintain your long-term strategies even after experiencing losses. Overcompensating by increasing trade sizes or altering strategies can lead to further losses.
For Day Traders:
Follow your predefined trading rules without exception. Overcompensating by making larger trades to recover losses can result in significant account depletion.
2. Implement Solid Money Management Skills
Develop and adhere to robust money management techniques to keep your trading in check.
For Swing Traders:
Diversify your portfolio to spread risk and avoid overexposure to any single financial instrument.
For Day Traders:
Use position sizing strategies to manage your risk per trade effectively. This ensures that no single trade can significantly impact your overall portfolio.
3. Recognize the Natural Recovery Process
Understand that recovery from losses takes time and patience. Overcompensating can disrupt this process and lead to more harm than good.
For Swing Traders:
Allow your trades the necessary time to recover without interference. Trust in your analysis and strategy to guide you back to profitability.
For Day Traders:
Accept that losses are part of the trading journey. Focus on learning from each loss and improving your strategies rather than trying to recover quickly through larger trades.
How Do You Manage Panic in Trading?
Panic can seriously mess with your trading game, leading you to make some pretty poor decisions. That’s why it’s usually a good idea to avoid obsessing over intraday trades. Instead, take a step back and evaluate the market the next day.
1. Accept Drawdowns as Normal
Understand that drawdowns are a natural part of trading and occur with nearly every trade.
For Swing Traders:
Recognize that holding positions over longer periods can lead to natural market fluctuations. Maintain a long-term perspective and avoid reacting impulsively to temporary losses.
For Day Traders:
Accept that intraday volatility is inevitable. Focus on executing your trading plan consistently rather than getting swayed by short-term market movements.
2. Train Yourself to Stay Calm
Develop strategies to maintain your composure during market downturns.
For Swing Traders:
Practice mindfulness techniques or meditation to help manage stress and maintain focus during market volatility.
For Day Traders:
Use short breaks and stress management techniques to stay calm and avoid panic-driven decisions during high-pressure trading sessions.
3. Avoid Impulsive Decisions
Don’t let panic drive your trading decisions. Instead, stick to your trading plan and make rational choices based on your strategy.
For Swing Traders:
If a trade moves against you, refer back to your trading plan instead of making spontaneous adjustments based on fear.
For Day Traders:
Implement strict stop-loss orders and predefined exit points to minimize the impact of panic-driven decisions.
Why Play the Long Game in Trading?
If you want to nail trading, it’s super important to think long-term instead of just chasing quick wins. This channel really pushes the idea of building a solid trading system; so if you’re into quick fixes, it might be time to look elsewhere.
1. Build a Solid Trading System
Develop a robust trading system that can withstand the test of time and varying market conditions.
For Swing Traders:
Create a comprehensive trading plan that includes long-term strategies, risk management techniques, and criteria for entering and exiting trades.
For Day Traders:
Develop a disciplined trading routine with clear rules for executing trades, managing risk, and reviewing performance.
2. Consistent Strategy Execution
Stick to your system and ensure that all your indicators are in sync before diving into a trade.
For Swing Traders:
Avoid making spontaneous changes to your strategy based on short-term market noise. Trust in your long-term analysis and stick to your plan.
For Day Traders:
Follow your trading rules meticulously, ensuring that each trade is executed based on your predefined criteria.
3. Manage Emotions and Stay Focused
Keep your emotions in check to maintain clarity and avoid hasty choices that can derail your trading success.
For Swing Traders:
Maintain a calm and focused mindset, allowing your trading system to guide your decisions without emotional interference.
For Day Traders:
Use techniques like deep breathing or short meditation sessions to manage stress and stay focused during intense trading periods.
Why is Follow-Up Crucial in Boxing?
In boxing, taking a shot is a lot like deciding to exit a trade early—there’s a fine line between celebrating success and letting it slip away. The term ‘follow-up’ is all about landing that great punch and then following it up with more action. Sure, it’s enticing to soak in the glory of a well-placed hit, but if you don’t have a game plan to keep going, you’re missing the point. Standing around, admiring your blow, can lead to a coach’s disapproval for not following through. So, always remember: in the ring, staying active and aggressive is key!
1. Execute Your Trading Plan Fully
Just like a boxer follows up a successful punch, you should fully execute your trading plan after a successful trade.
For Swing Traders:
After a profitable trade, review your strategy to understand what worked and ensure that similar strategies are applied consistently in future trades.
For Day Traders:
Following up a successful trade involves documenting the trade, analyzing what led to the success, and reinforcing the strategies that worked.
2. Maintain Momentum
Don’t let a single success lead to complacency. Keep your momentum by continuously seeking out new opportunities and refining your strategies.
For Swing Traders:
Stay engaged with the markets by regularly reviewing your positions and staying updated with financial news and trends.
For Day Traders:
Use successful trades as motivation to maintain your disciplined approach, ensuring that each trade aligns with your established strategies.
3. Avoid Overconfidence
While celebrating success is important, avoid letting it lead to overconfidence. Stay grounded and continue to adhere to your trading plan.
For Swing Traders:
Recognize that market conditions can change, and maintain a humble approach to your trading strategies.
For Day Traders:
Stay disciplined and avoid making impulsive trades based on temporary feelings of success.
How Can You Achieve Trading Success?
If you want to achieve the best results over the next year, the first step is kicking bad discipline to the curb. You really need to set up a solid system and stick to it—jumping into trades based on your emotions can totally sabotage your success. And let’s face it, relying on your feelings instead of a structured plan often leads to losses, no matter how many short-term wins you might score. This channel offers some awesome insights that can turn your trading game around, so definitely think about subscribing for some great tips. Remember, building discipline in your trading is key to keeping that success rolling in.
1. Set Up a Solid Trading System
Develop a comprehensive trading system that includes your strategies, risk management rules, and criteria for entering and exiting trades.
For Swing Traders:
Your system should accommodate longer-term trends and include strategies for managing trades over extended periods.
For Day Traders:
Focus on creating a system that can handle the rapid pace of day trading, with clear rules for quick decision-making and risk management.
2. Stick to Your System
Consistency is crucial. Avoid deviating from your system based on emotions or short-term market movements.
For Swing Traders:
Trust in your long-term analysis and remain patient, allowing your trades to develop as per your plan.
For Day Traders:
Adhere strictly to your trading rules, ensuring that each trade is executed based on your predefined criteria.
3. Emphasize Money Management
Effective money management is the backbone of trading discipline. Protect your capital and manage your risk carefully.
For Swing Traders:
Diversify your portfolio and limit the amount you invest in any single trade to mitigate risk.
For Day Traders:
Use position sizing strategies and set strict stop-loss orders to control potential losses.
4. Continuously Improve Your Skills
Stay committed to learning and improving your trading skills. This ongoing education will help you adapt to changing market conditions and refine your strategies.
For Swing Traders:
Engage in long-term learning through courses, books, and mentorship programs that focus on comprehensive market analysis.
For Day Traders:
Continuously seek out new strategies and techniques that can enhance your ability to make quick, informed decisions.
5. Monitor Your Performance
Regularly review your trading performance to identify strengths and areas for improvement.
For Swing Traders:
Analyze your long-term trades to understand what worked and what didn’t, adjusting your strategies accordingly.
For Day Traders:
Keep detailed records of your day trades to identify patterns and refine your approach based on your performance data.
Conclusion: Embrace Discipline to Transform Your Trading Journey
Discipline is more than just following a set of rules—it’s about cultivating a mindset that prioritizes consistency, reliability, and resilience. By embracing discipline, you empower yourself to navigate the complexities of all financial markets with confidence and determination.
In Lesson 3, we’ve explored the significance of discipline, how to overcome emotional interference, and the importance of a structured trading system. These elements are essential for building a strong foundation and achieving consistent profitability across all financial markets, whether you’re a swing trader or a day trader.
Next Lesson: Handling Losing Streaks – Embrace Discipline for Long-Term Success
Stay tuned for Lesson 4, where we’ll delve into How to deal with loss. Learn how to cultivate patience to make informed decisions, wait for optimal trading opportunities, and maintain a calm and focused mindset, regardless of market conditions.
Hercules Trading Psychology Course is designed to equip you with the mental tools necessary to thrive in all financial markets. By mastering traits like Initiative, Discipline, and Patience, you’ll build a resilient mindset that can withstand the challenges of trading and lead you to sustained profitability.
Here’s to your growth and success as a trader across all financial markets!
AMD: Close to giving the signal for mega buy to $295.Advanced Micro Devices is about to test the 1D MA200 on very healthy bullish technicals on the 1D timeframe (RSI = 60.924, MACD = 3.070, ADX = 28.078). This chart is on the 1W timeframe which is still neutral (RSI = 52.205, MACD = -1.400, ADX = 23.295), meaning that if the 1D MA200 breaks, the market would still be significantly undervalued with strong upside potential. As shown the long term pattern is a Channel Up, with the Fibonacci levels explaining pressure zones. The two bullish waves of the Channel have remarkably been of the exact same rise (+143.89%). If the once that will be validated by the 1D MA200 crossing posts the same rally, we expect the 0.786 Fib Channel level to be reached and we will set our target accordingly.(TP = 295.00).
Perhaps the strongest reason to buy for the long term right now is the Bullish Cross on the 1W MACD (seen on the pane below the chart). This has been formed exactly on the two prior bottoms of the Channel on November 6th 2023 and November 14th 2022. Combined with the 1D MA200 breakout, this MACD formation is the mega buy signal we've been waiting for.
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Top 5 Books Every Trader Should Have on Their ShelfLet’s face it: there is more to trading than blindly smashing the buy and sell button after you’ve picked up the latest buzz on Reddit’s messaging boards. What’s happening between your ears is just as important as what’s happening on your charts. And sometimes, it might as well help you make sense of it all. So, where do you start if you want to sharpen your edge?
Books . Real, old-fashioned, mind-expanding books. The kind of reads that will school you in both the mechanics and mindset of trading. Forget the social media noise—we’re listing five books that will hand you the wisdom, strategies and mental toughness you need to not just survive but thrive in the seemingly chaotic world of markets. Let’s get into it.
📖 1. Reminiscences of a Stock Operator
✍️ by Edwin Lefèvre
🧐 What’s it about : This is the OG of trading books. A classic that was first published in 1923, it follows the life of the legendary trader Jesse Livermore, who made and lost millions more times than most traders have had profitable months. It's less of a step-by-step guide and more of a philosophical deep dive into what drives traders to win, lose, and repeat the cycle.
💡 What’s the takeaway : You’ll find yourself nodding along, thinking, “Yep, been there” every few chapters. And trust us, Livermore’s lessons on greed, fear and market timing are still as relevant today as they were a century ago.
📖 2. Trading in the Zone
✍️ by Mark Douglas
🧐 What’s it about : If there’s one book that will help you stop blowing up your account because you’re caught in emotional trades, this is it. Mark Douglas breaks down the psychological barriers traders face and teaches you how to think in probabilities. Spoiler alert: The market owes you nothing. Douglas teaches you how to embrace the uncertainty of trading and act probabilistically—playing the odds, not emotions.
💡 What’s the takeaway : If you're constantly getting blindsided by your feelings, there is a high probability that this book will snap you out of that spiral and teach you how to approach the market with a level head.
📖 3. Market Wizards
✍️ by Jack D. Schwager
🧐 What’s it about : Ever wish you could pick the brains of the world’s greatest traders? Jack Schwager did it for you. This book is essentially a collection of interviews with the top traders of the 80s (think Paul Tudor Jones, Bruce Kovner, and Richard Dennis). Schwager’s interviewing style makes it feel like you’re sitting in on private conversations, absorbing their secrets, strategies and market philosophies.
💡 What’s the takeaway : There’s no single “right way” to trade. Whether you're a scalper or a trend follower, you’ll find someone here who matches your vibe. Plus, these stories prove that anyone—from a college dropout to a former blackjack player—can conquer the market with the right mindset and persistence.
📖 4. Technical Analysis of Stock Trends
✍️ by Robert D. Edwards and John Magee
🧐 What’s it about : If you’re serious about technical analysis, this is the trading bible. Originally published in 1948, this book largely introduced the world to concepts like trend lines , support and resistance , head-and-shoulders patterns , and much more. Edwards and Magee laid the foundation for almost every technical analysis tool you see around today.
💡 What’s the takeaway : This gem will teach you how to recognize trend changes, continuation patterns, and reversal signals that can sharpen your trading entries and exits.
📖 5. The Alchemy of Finance
✍️ by George Soros
🧐 What’s it about : If you want to understand not only how to trade but also how the world of finance operates, this is the book. Written by one of the most successful (and controversial) investors and currency speculators of all time, George Soros, The Alchemy of Finance is part autobiography, part deep dive into Soros' legendary "reflexivity" theory. It's not just about looking at price action—it's about understanding how traders' perceptions affect markets, often driving them in irrational directions.
💡 What’s the takeaway : Soros teaches you to think bigger than charts and numbers—to anticipate shifts in market psychology and position yourself accordingly.
Wrapping Up
You can binge all the videos, tutorials and online courses you want, but nothing beats the distilled wisdom found in a great trading book. These five reads are the perfect balance of trading psychology, real-life stories, and technical analysis insights that will help you become a better, more knowledgeable trader.
Bonus tip : if you start now, you’ve got a couple of months until Thanksgiving when you can brag about how many pages you read.
📚 Additional Picks for the Avid Trader
If you’re hungry for more insight, we’ve got a few additional picks for you. Of course, they offer a wealth of knowledge from market titans and cautionary tales from the trading trenches:
📖 More Money Than God by Sebastian Mallaby
A brilliant history of the hedge fund industry, revealing the strategies and personalities behind some of the greatest trades ever made—and showing you how the masters manage risk and opportunity.
📖 When Genius Failed by Roger Lowenstein
A cautionary tale of Long-Term Capital Management, the "genius" hedge fund that imploded in spectacular fashion. Learn what happens when ego and leverage collide in the financial world.
📖 The Man Who Solved the Market by Gregory Zuckerman
This is the story of Jim Simons and his secretive firm, Renaissance Technologies, which revolutionized trading with quantitative models. It’s a must-read for anyone intrigued by the world of algorithmic trading.
📖 Big Mistakes by Michael Batnick
Everyone makes mistakes—especially traders. This book dives into the biggest blunders made by history’s top investors and traders, showing you that even the greats are human—and how to avoid repeating their costly errors.
📖 Confusion de Confusiones by Joseph de la Vega
Originally written in 1688, this is one of the first books ever on trading (to many, the first ever), set during the time of the Dutch stock market bubble. It may be old but its lessons on speculation, greed and market psychology are as timeless as they come.
🙋♂️ What's your favorite book on trading and did it make our list? Comment below! 👇
RBA can shine if people dine at Burger KingRestaurant Brands Asia Ltd. engages in the management of restaurants. It offers burgers, breakfast, cravers, beverages, and desserts.
Restaurant Brands Asia Ltd. CMP is 112.99. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Strong cash generating ability from core business - Improving Cash Flow from operation, Growth in Net Profit with increasing Profit Margin and Strong Momentum: Price above short, medium and long term moving averages. The Negative aspects of the company are negative Valuation (P.E. = -26), Stocks Underperforming their Industry Price Change in the Quarter, Book Value Per Share deteriorating for last 2 years and Inefficient use of shareholder funds.
Entry can be taken after closing above 114 Targets in the stock will be 117, 119 and 123. The long-term target in the stock will be 127 and 133. Stop loss in the stock should be maintained at Closing below 103 or 98 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Canara Bank can become a cool Investment. Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business.
Canara Bank CMP is 109.30. The positive aspects of the company are cheap Valuation (P.E. = 6.3), Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months, Dividend yield greater than sector dividend yield, Annual Profit Growth higher than Sector Profit Growth and Rising Net Cash Flow and Cash from Operating activity. The Negative aspects of the company are High Interest Payments Compared to Earnings, Stocks Underperforming their Industry Price Change in the Quarter and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 109.75. Targets in the stock will be 113, 117 and 122. The long-term target in the stock will be 124 and 129. Stop loss in the stock should be maintained at Closing below 100.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.