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Traders

Unstoppable TradersBeing a profitable distance trader is not easy. This requires discipline, a lot of patience and passion. In addition, you need to have certain habits that most people simply don't have. All traders are different in some ways, everyone has their own trading strategy, but there is something that unites all successful traders. Let's talk about these general features. 1. One deal is not the end When the deal is already closed, you can start experiencing different feelings and emotions from happiness to grief and depression. Newcomers drown in this wave of emotions and eventually lose control and money. Professionals act differently. Each transaction is a common thing for them, while they do not experience a storm of emotions that can lead a beginner astray. If you internalize the following ideas, it will be easier for you to deal with emotions: • Success in trading is not one day, it is several months of trading and several hundred transactions. To understand how good you are, you have to trade following your strategy for a long enough time. Sometimes a year is not enough to understand that a trader is ready, and even more so one day is not enough. Therefore, prepare for a long journey and do not overreact to one losing trade. • Risk management is very important. Before opening a deal, calculate how much you are willing to lose and not go crazy because of this loss. Losses should not lead you astray. You have to stay calm and follow the rules. Also, don't let profitable positions drive you crazy. In any situation, you should be calm and prudent. 2. They are confident, but not too irrational Being confident in yourself is very important. A trader's confidence in himself and in his trading strategy comes with time. To do this, you need to learn how to clearly follow the rules of trading, be disciplined and eventually profit will come to you. Confidence should manifest itself most of all in those moments when you have received a series of losing trades. This is inevitable and only the best are able to pass such tests with dignity. Professionals do not change the rules in the same situations, do not change the method of trading and coolly move on. A confident trader does not give in to emotions, he knows exactly what he is looking for in the market and is ready to wait, ready to endure. You should feel invulnerable, the market no longer has power over you. 3. Wait professionally Professionals differ not only in the ability to trade, but also in the ability to wait. In the market, 80% of the time you will have to wait for your signal. The best traders are ready to wait for their highly profitable chance for several days, or even weeks. And even if they lose some money after a long wait, they are ready to wait again. Newcomers suffer because they want to be in the market all the time. This is a big mistake. Most of the time, the market is unpredictable, especially for a beginner. Leave the sick desire to constantly be in the market, constantly open new positions. Learn to wait like the best traders. In order to trade with a preponderance in your favor, you must patiently wait for obvious trading setups, and if they do not appear for several days, then you should not enter the market just like that. This time is worth spending on some other job or hobby. Unstoppable traders don't worry about not trading for days or even weeks, waiting for the next good setup to enter the market. 4. Good sleep is the key to success Sleep is important not only for the trader, sleep is important for everyone. Without healthy sleep, you will not be able to be calm and calculating for a long time. In addition, if you trade properly, namely: • do not risk too much capital, • do not open unnecessary positions, • follow your trading plan, • with respect to all of the above, observe discipline, then you will not have any problems sleeping during real trading, since you will have nothing to worry about. Well, if you sit in front of the monitor every day, anxiously watching the price movement, at a time when you should be sleeping, sooner or later this will lead to a complete loss of money. Follow the strategy, don't chase the market, rest and come back full of energy. 5. Continuous training All traders with experience know that it is difficult to trade because the market is volatile, and it is even more difficult to work on yourself, on your own discipline. There is a good feature of trading – it helps you understand yourself. It's unpleasant, but it's definitely useful. This work is difficult, but the result is beautiful. Thus, to become an unstoppable trader, you must know yourself and improve yourself in addition to your trading strategy. You will learn how to trade in the market and improve as long as you continue to trade. But you have to start doing it right now in order to start building your foundation for the right approach to your trading. If you decide to go into battle, accept all of the above and your path will be much easier. Good luck!
Education
by DeGRAM
9
📌Do financial traders ,legally steal money from you?Whether we like it or not, everyone involved in this game is more likely either 90% of the loser or a part of 10% of the winners! Whatever we call it, this market has a very luxurious appearance, but inside it is very rough and ruthless with gangsters with masked ties or it looks like a forest or the sea, the stronger ones usually survive. Our money is usually circulated through our accounts to eventually be transferred to the account of someone who knows the rules of the game well or maybe owns this playing field! Is it true that banks ,exchanges or hedgefunds steal your money? maybe, they can do. But in order to understand this, you need to understand the basis of current financial system and how it operates. How the money is being generated. Money in world’s are merely numbers saved on the harddisk of the bank servers. The Account Balance that you see on your bank mobile app or bank website is not actual money, it’s just bits/bytes of a computer system. Let me start with this example, suppose you deposit 1 million USD into your bank account. The balance of your account that your account statement/bank mobile App/bank website will show you 1 million USD. But actually bank will not keep that money with itself, it will lend that money as loan to other people and will earn profit everyday day, every month & every year. Now bank has already given your money to someelse as loan and bank doesn’t have those funds, but it will lie to you and will show you your account balance as 1 million USD where in actual those funds are alright consumed by someone else. This concepts is known as fractional reserve which means bank like 80% to 90% or even more upto 98% can lend the deposited money. So that means, if you have million or billion of $ in bank and if you go to bank and ask for all your money in one go, they won’t be able to return you your money, since they don’t have it with them. Or in another example , the centralized exchanges where we usually trade digital currencies; So far, we have noticed how many traders in the futures market been liquidated and how much big money , the exchanges put in their pockets through this, they have access to the information of all traders at the same time and usually with the huge capital they have; With advanced possibilities and tools, overcome most traders . How can most day traders lose money even when the overall market is going up? Nassim Taleb in his excellent book “Fooled By Randomness” points out that every trade starts out with a 50–50 chance of being profitable, and that the longer the trade is held, the higher the probability that the trade will be profitable. The fact is that most “traders” are a twitchy bunch that will bail on a trade after it has turned agains them, and fail to hold winning trades long enough to offset their losses. The sad reality is that the game of trading is “cut your losers short, but let your winners run,” and “buy low; sell high,” but, most traders end up buying high and selling low. If I said “only buy on down days and only sell on up days” most people would nod their heads at the wisdom, but in reality, they tend to buy on up days and sell on down ones. And that’s why they lose money. New traders quit because they lose all their money. Most of the time the reason is always the same, brand new trader reads a book or 2, learns a few chart patterns, and then goes into the live market unprepared for the brutality and volatility that there is in there and does so on an underfunded beginners capital account and whats happens that they blow out their account, happens all day everyday, it’s not that they want to quit they have to because they don’t have any more capital to trade with, don’t be that trader. It is said that the failure rate among beginner traders is 97%. So ask yourself the question. Do I get into the 3% or the 97%, you’re the only one who can answer that question and you’re also the only one who can do anything about it because no one is making you do this business right? The capital market is really an information market. It all comes down to who has the best information.And more importantly, how to make the best use of this information like an expert. Information is not free, In fact, almost nothing in this world is free. It is better to change the word “steal” to “exploit.” Here's why: To steal something you need to have committed theft, which is illegal in the US. Most professional traders are performing their profession legally within the bounds of the law. To exploit something you need to have found a novel way to make use of something others haven't. On Wall Street this is information. Professional traders are exploiting information in an attempt to get an edge over all the other market participants. If you lose money in the markets it’s your own fault, not the fault of anyone who is better at it than you. nobody haven’t hurt you, when you made your mistakes, and the hedge funds just picked up the pieces. Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! These ideas were not only my opinions and also were the result of the opinions of a number of experts at quora.com this article is For information purposes only!
Education
by PRO_SMART_Trader
4
What You Could Have Expected From Zoom's Earning Report?It can be tough sometimes to play ER, but I commend those who have the nerves to consistently play ER's. We know prices can go either way when dealing with earnings. A company can beat on ER and gap down, a company can miss on earnings & gap up. Sometimes it feels like playing the lottery with ER plays. There are some things you can notate before you play an earnings report. Like how has the asset been performing leading into earnings? Has it been bullish? Has it been bearish? What's the overall sentiment surrounding the asset? How has the asset been performing against the market? What is the market doing? Does the overall market seem bearish or bullish. Does the particular asset move with or against the market? Don't just assume what the asset will do regardless of what the chatter is. Leading into it's' ER, Zoom has been in a continued downtrend like a plethora of other stocks. Seeing this, along with price action leading into ER. I could expect for Zoom to pop after hours, Why? One reason is that it has been in a steady decline. There were "trapped bulls" at the 107 area & price made a double bottom from the May 20th trading session into the May 23rd trading session around $85. Seeing that, along with price being in a steady decline & the chatter of a earnings beat. You could have went long with 95-107 calls with a SL at 85(even though SL's are no good post-market). Nevertheless, Zoom pushed to 107 after hours before fading. Again, ER plays are tough, but there is a method to the madness as well. If you played Zoom's ER, I hope you were on the right side of it. Catch yall on the next post.....Peaaaacccceeeee!!!!
NASDAQ:ZM
by DayTraderEarl