3 Rules To Follow When Trading While Working Full-Time👋 Hello, and welcome my name is Dean Muller from WealthTIP where our tip for wealth is to trade invest and prosper, today’s post is focused on the 3 rules that I believe you need to follow if you want to actively and successfully trade the markets while still working a full-time job, business, or side hustle. So, if you enjoy this type of content then go ahead to leave a thumbs up and that way we know that we’re on the right track to meeting your content needs. Now that we covered that, let’s jump over to the first rule you need to implement as a trader, working full-time.
1. 📝 Create a Watchlist
I remember when I started trading I only traded one pair, and that was the GBPUSD, as I began honing in on my skills as a technical trader, I started looking at a few more pairs, and the more pairs I looked at the more opportunities I saw, the problem was however, that I wasn’t able to keep up with the movements of each pair and this coursed me to lose focus on the pairs I had positions on and ultimately mismanage a lot of the trades.
I then reached out to a good friend of mine and he suggested I create a watchlist now at the time I had absolutely no clue what a watchlist was, and if you don’t know what it is, it’s simply a list of pairs that according to your strategy has potential trade setups coming together with a probabilistic profitable outcome.
Now if you would like me to do a video showing you how to put a watchlist together, then simply write a comment in the comment section below and if we get 100 likes on this video then I will be happy to put one together, but for now This is a cardinal rule for anyone trading, while still working full-time.
2. ⏰ Set Trade Alerts
When you are working, vary rarely are you able to access the charts freely, this means that you could miss out on the very opportunities you identified when you put your watchlist together. The best way to combat this is to use platforms like tradingview that allows you to set trade alerts that will notify you when the market is on an area you deem significant.
Setting these alerts ensures that you aren’t distracted by the charts while you working and you won’t have to check your phone every 5 min, instead, you only jump on the charts once you are notified, making it easier to focus on your job, while still having a hand in the markets.
3.🎯 Use Pending Orders
Pending orders are a powerful tool that trading platforms provide all traders with, and no one benefits more from pending orders than someone working a full-time job. Personally after putting my watchlist together I have a good idea with regards to where I intend to enter the markets, and because I do my watchlist over the weekend when the markets are closed, I set all my pending orders as soon as the markets opens Sunday midnight.
What this allows me, is the freedom to focus on other things while still having a hand in the markets. Now if you would like to know more about how you can use pending orders to make your trading easier give this video a thumbs up and I will be sure to put that into our project list.
And always remember, if you frustrated, annoyed, angry or anxious when trading, then you doing it wrong, and should check out our Foundation Series, where we explain the process to successful technical analysis in a plain, and simple way.
Furthermore, I really do hope that you were able to extract some value from today’s post, and if you did be sure to hit like and share so that we can continue creating content that not only serves you, but equips you to successfully and joyfully navigate your way through the financial markets.
So until next time, you should keep well and bye for now.
Successfultrade
EURGBP June W.5: Long-term trend signalHi friend, I hope y'all having a profitable week ;)
Today, we have a long-term trade on this baby. I've been waiting for this trade for 3-4 weeks; I shared an idea on it that failed this month (check the previous posts). Despite that, we got another opportunity, so let us look at how the trade triggered and how we will get out exit signal.
Bulls: -When the price bullish broke and retested the Weekly Neckline together with the 50 and short-term m.a's, it triggered our first trade that we didn't catch. After it did that, it proceeded to bullish break and retest 3rd Weekly Key Lvl on the lower time together with the 200 m.a that's visible on my MT4 chart. So we got 2 trades here, but we hopped on 1 trade, and I call the trade we're in, a "Double Bottom A-E.2 BUY signal".
Bears: -If the price closes with a bearish reversal candle pattern below the 4th Weekly Key Lvl and 200 m.a, that's followed by a bearish break and close below the 8 m.a, then we'll close my trade.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know you thoughts!
Stay Blessed,
Doji-2k1.
NASDAQ PROBAIBILLITY NEW YORK OUTCOMEGood day my fellow great traders N.B this is not a signal of some sort just a perspective info from me
Weekly we bearish
Daily we sill trying to make a new trend shift to the upside however we sit at a good resistance point now
H4 we seem to be steaming out at our daily 12300 point
Here's what my m15 looks like if we break the trendline to the upside i'll buy we dont't i sell we don't know for sure cause someone could slam the market with a order flow worth 15 Million dollars but we don't know if really it will happen
the best thing to do is wait and see always use our stoploss and hope to be on the good side of things God Bles that's the last idea from me on tradingview adios!!!
NASDAQ Continues downtrend?Good Day great traders
Hope you all recharged locked and loaded ready to work on this wonderful market once more it is our greatest delights to be able to serve you insights on Nasdaq today oh ooh here we go...
Nasdaq grocery list is as follows:
Weekly we closed below the 14000 price level signaling that bearish trend will continue despite a bit of strong bullish movement last week
Support has been broken on the weekly so applies to the daily candlestick broke the 14000 support which should see it act as future resistance
H4 we broke the 3 touch purple trendline and successfully created a new low for our hourly timeframes
Secondly the momentum to the upside isn't strong as seen in the last 3 candlesticks and we are currently respect the support level that has turned to resistance why? the market close below it and now is testing the area which acts as resistance
Verdict is should we successfully break our new formed (Green colour with 2 touches so far)trendline close below it strongly and get further confirmations (reversal candlesticks signaling downside movement) on lower timeframes We will consider sells till we meet again God bless You great traders feel free to positively comment your predictions below Cheers!!!
I've Been waiting for this Nasdaq trade all weekGreetings you millions
Hope you are all well it's with our greatest delights to get to serve you guys today
Here's Today's Nasdaq grocery list :
Weekly We stand bearish with Having created successive Lower highs and Lower lows the trend is bearish since 27 Dec 2021
Daily we approached a major support level (highlighted in white @14000 price level)
Why is it major? well it held on the weekly 3 times as support more times on the daily
Now what was the reaction? We closed below this major support yesterday on our daily
The very same support level now is a resistance Which means if we successively touch it/come close to the yellow trendline down-warding as well
And reject it and then break that purple trendline with 2 touches we should be for potential impulsive sells !!!
Be blessed God bless kindly POSITIVELY COMMENT what you see till we meet again cheers
1020 : JAZIRA BANK (a successful trade)We love to show one of our successful trades that have :
1- Performed to targets
2- Within the time frame
3- Tight stop loss (Risk-to-Reward > 10)
4- Confirm our hypothesis about TASI and the major macro trend pull
5- Confirm our approach to trading based on volatility funnels developed by Francis Hunt.
Here is the story,
The chart have been spotted first by one of ours when broke to the 15 SAR in March of 2021 showing high potential for the underlying micro trend to perform.
After we made our analysis, both price targets and time limits have been set on the chart and we entered the trade. The price shot 20 SAR in matter of weeks. But after it took 6 months at around 18 SAR from May to Dec of 2021.
During this time we added more positions and although it was painful to set and wait, the chart never made our stop loss or go beyond the time limit. So we waited .. and waited.
In January of 2022 the price started to move upward and to meet our intermediate target at 27 SAR. We took some profit making us (+44%) for the positioned we added during that long accumulation. But the move is not over yet.
We still have two months to go based on our time analysis and we expect to reach 30 SAR before resting for extended period of time. Hopefully another accumulation that will send the price soaring at 60 SAR. But this is early to say.
We in sharing this, want to spread optimism about TASI : TADAWUL and the Saudi Stock Market. Because we believe if you can find these kind of trades that make you double your money in the span of a year why do you have to trade abroad??
Best,
FBH
NASDAQ MARKET ON VACATIONGOOD DAY GREAT TRADERS ONCE MORE IT IS WITH MY GREATEST DELIGHT TO SERVE YOU WITH INFORMATION TODAY
THIS is my Nasdaq grocery list as follows:
Weekly we bearish creating Lower lows and lower highs
Daily we are at a major support area in which the market has stalled at
4hr the momentum is neither bullish or bearish last 24hrs
1hr we haven't created any new highs or broken trendlines
Which brings to conclusion the market is ranging currently till we get a break of range creating new lows or highs i will be on vacation waiting for the market to break cause remember take a trade where there's no trend then what liquidity will be unpredictable leaving you vulnerable best thing to do is let it break the range then consider trades for now i will be reading a forex related book reviewing my trades for the week getting my mental attitude better Till we meet again God Bless Great traders
BEARS TO CONTINUE PUSH NASDAQ DOWN?Good day you Million great traders
Special stuff here now listings of what I see on the chart are as follows:
Weekly resistance rejection
Weekly double top
Daily we closed off a new lower high yesterday
Hourly there has been strong impulses down
Now i Expect the market to cool off and range or retrace towards the minor trendlines drown on h1 or break of current trendline with 2 touches
If The mentioned above happens I will take sells accordingly Have a great day Great Traders comment positively what you think God Bless:)
Potential NASDAQ TREND CHANGEgOOD DAY GREAT TRADERS
It is with my greatest delight to bring you insights of Nasdaq
These are the reactions i see on the chart
1. Downward Trendline respect
2. Daily Resistance respected
3. We have Daily candlestick reversal in the past 2 trading days
Should we successfully stay below 15400 level i will start looking for sells (MARKET IS BULLISH) so we just anticipating swing sells when the market proves so
Hey Tell us what you think on the comment section GOD BLESS
XMR (Monero) Swing Long 30% Profit For those who have entered this $XMR trade, congrats! I have now added 7 TP Points labeled next to the Fibonacci levels. Of course, you book some profits now if you'd like and do expect a little price movement to retest previous levels.
I suggest that you do move your SL tighter to the entry or even in front of the entry zone.
The 20 EMA has crossed over the 50 EMA on the daily chart and with this momentum, we should see the 20 EMA breakthrough over the 200 EMA which would indicate a price movement up to the take-profit zones I have placed on this updated chart!
I will reiterate, expect the price action to come back down a little before we continue to take off.
NASDAQ FRIDAY OPPORTUNITYGood day to you all Great Traders
We got A new Daily High yesterday
Successfully Broke Ranging Structure on Hourly Timeframes
My next Goal Would be to see a minor retracement Before New York session To the downside then rather then if market provides buy set-ups i am all in
Thanks Feel free to positively comment down below God Bless you
What could Nasdaq do todayOf looking at the daily I am overall Bullish on this market
So for the day I will be looking for bullish trading set-up Here's why
1.We have made consistent higher highs and higher lows
2.We See a lot of bullish pressure the the range it's self
That's all I can share for you guys note if you see something i don't feel free to comment positively below have a great day God Bless!
Fresh Nasdaq New York Session swing?We have seen good amount on bullish movement in the past week
Well today we should expect the same until we see lower lows and lower highs being created we should
Consider Buying this market i see a pullback into the daliy broken resistance should the market
respect this level i will scale to lower timeframes and look for buy opportunities
God Bless you great traders 👌
What could happen at market open ?Weekly= Bearish
Daily =Bearish
Since our trends are bearish on higher time frames we have major lower lows and lower highs being created
we are within right to scout for trades on market open at lower timeframes
HEY TELL ME WHAT YOU THINK Cause your input is important to me:)
God bless you traders have a heavy blue week