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TradingView Telegram Webhook Alert [TradingFinder] No Extra Code 🔷 Introduction In this tutorial, you will learn how to send TradingView alerts automatically and instantly to Telegram without the need for coding. This system is based on the TradingView webhook, which enables receiving trading signals in Telegram channels. Using this method, you can receive buy and sell signals for Forex, Crypto, and Stocks without any delay. The Telegram alert bot supports real-time TradingView alerts and is compatible with all technical indicators, price-based signals, and Pine Script alerts. This method allows you to establish a direct and fast connection between TradingView and Telegram without requiring any programming knowledge. Additionally, this tool is free and does not require registration. In this tutorial, you will first create a Telegram bot to receive trading alerts, then connect the TradingView webhook to Telegram, and finally, learn how to manage trading signals automatically and without delay. 🔷 HOW TO SET UP TRADINGVIEW ALERT WEBHOOK FOR TELEGRAM WITHOUT CODING? Now, let’s go through the step-by-step process of setting up TradingView alerts to be sent instantly to Telegram using a webhook, without any coding required. 🔶 Step 1: Find BotFather on Telegram To create a new bot for receiving TradingView alerts, you first need to access BotFather on Telegram. Open the Telegram app or go to Telegram Web. In the search bar, type @ BotFather and select the verified BotFather account (as shown in the image). Click on BotFather to start creating your bot. This bot will help you generate an API token that is essential for setting up the webhook connection between TradingView and Telegram. 🔶 Step 2: Create a New Telegram Bot Using BotFather Once you have opened BotFather on Telegram, follow these steps to create your bot : Click the START button to activate BotFather. Type /newbot and press Enter to create a new bot. BotFather will ask you to choose a name for your bot. Enter a unique name (e.g.,Alert TV to Telegram). Next, you need to choose a username for your bot. It must end with bot (e.g., Alert_TV_bot). Once the bot is successfully created, BotFather will provide you with a unique API token. This token is essential for connecting your bot to TradingView Webhook. Keep it secure and do not share it with anyone. 🔶 Step 3: Add the Bot as an Admin to Your Telegram Channel Now that you have created your bot, you need to add it as an admin to your Telegram channel where you want to receive TradingView alerts. Follow these steps : Search for your bot in Telegram by typing its username (e.g., @Alert_TV_bot) in the search bar. Open your bot's profile and click "Start" to activate it. Create a Telegram channel (or use an existing one) where you want the alerts to be sent. Open the channel settings and go to Administrators > Add Admin. Search for your bot using its username and select it. Grant the necessary permissions : Enable "Manage Messages" so the bot can send alerts. (Optional) Enable "Change Channel Info" if you want the bot to update channel details automatically. Click Save to confirm the changes. 🔶 Step 4: Generate the Webhook URL for TradingView (Public & Private Channels) To send TradingView alerts to Telegram, you need to generate a Webhook URL. The format of this URL depends on whether you are sending alerts to a public channel or a private channel. Additionally, the message text must be URL Encoded to ensure it is processed correctly. 🔹 Webhook URL for Public Telegram Channels If your Telegram channel is public, use the following format for your webhook URL : api.telegram.org Replace the placeholders with : → The API token from BotFather. → The username of your public Telegram channel (without the "@" symbol). → The URL Encoded alert message. 📌 Example : If your bot token is 123456789:ABCDefGHIjklmnopQRSTuvwxYZ and your public channel username is TradingAlertsChannel, the webhook URL will be : api.telegram.org 🔹 Webhook URL for Private Telegram Channels If your Telegram channel is private, you cannot use a username (@channel_name). Instead, you must use the chat ID. Follow these steps : 🔸 Step 1: Get the Chat ID of the Private Channel There are two ways to get your private channel's chat_id : Method 1: Using @ userinfobot Forward any message from the private channel to @ userinfobot in Telegram. The bot will reply with details, including the chat_id (which is a negative number, e.g., -1001234567890). Method 2: Using Telegram API (getUpdates) Open a browser and enter the following URL : api.telegram.org Replace with your bot’s API token from BotFather. Press Enter, and you will see a response containing messages, including the chat_id of your private channel. The chat_id will look something like -1009876543210. 🔸 Step 2: Use the Webhook URL Format for Private Channels Once you have the chat_id, use the following webhook format : api.telegram.org Replace the placeholders with : → The API token from BotFather. → The numeric chat ID of your private channel (e.g., -1009876543210). → The URL Encoded alert message. 📌 Example : If your bot token is 123456789:ABCDefGHIjklmnopQRSTuvwxYZ and your private channel ID is -1009876543210, the webhook URL will be : api.telegram.org 🔶 Step 5: Configure Webhook in TradingView Alerts Now that we have generated the Webhook URL, the next step is to configure TradingView alerts to send real-time notifications to Telegram. Follow these steps to set up the webhook : Open the TradingView Alert Settings •Go to TradingView and open the chart for the asset you want to track (e.g., BTCUSD). •Click on the Alert (⏰) button at the top of the screen. •In the alert settings window, go to the "Notifications" tab. Enable Webhook URL •Check the box for "Webhook URL" to enable webhook notifications. •Paste your Telegram Webhook URL into the box. Example for a public channel : api.telegram.org Example for a private channel (with chat ID -1009876543210) : api.telegram.org Customize Your Alert Message Make sure your alert message is URL Encoded (e.g., spaces should be %20). Example message : Hello, This is a test alert! URL Encoded Format : Hello%2C%20This%20is%20a%20test%20alert%21 Save the Alert •Click "Save" to activate the TradingView alert. •Now, whenever the alert condition is met, TradingView will send a message to Telegram via the webhook.

Education

How I am approching scaling my account to the next level 💰 Introduction I have been actively investing for over seven years. When I started in 2017, I had no idea what I was doing. My first trade was a short/mid-term win on an altcoin skyrocketing in a straight line—it felt unbelievable. But the truth was, I was completely clueless. Still, I was hooked. I started reading everything I could and expanded my focus to stocks and Forex. Six months later, I had developed some ideas about Forex, though I was still lost when it came to stocks. I funded a Forex account with €8,000 to test my skills, using a simple 1:1 risk-to-reward 0.5% per trade system. A few months later, I was up about 15% - a solid start. From there, my goal was clear: design a great strategy first, then scale it. But things didn’t go as planned. I suffered a serious injury, which got progressively worse, making it impossible to hold a regular job. I spent everything I had on rent and medical bills. To make matters worse, I stubbornly clung to a terrible strategy for years - even after developing better ones. I ignored huge unrealized gains, constantly chasing the “holy grail” of investing. Ironically, today, I trade every single strategy (or a modified version to add to winners) I’ve ever designed since 2019 - except the one I stubbornly stuck with for years. Through all this, I learned a crucial lesson: 💡 A strategy should work from day one. You backtest it to verify, then refine it, but you don’t trade it live until it’s ready. Now, after years of experience, mistakes, and lessons learned, I have several proven strategies and a fresh perspective. The next step? Scaling up aggressively. Of course, I can’t cover everything in one article, a full book wouldn’t even be enough. Some aspects of growing an account, like tax implications, aren’t discussed here. But my goal is simple: to inspire investors to think creatively about scalability and strategy development. The process of building an investment strategy - including a scaling plan - is all about creativity. 💰 The Challenge of Scaling: Why Gains Lag Behind Losses Your gains will always lag behind your losses - this is a fundamental reality in investing. If you scale too fast, your winners from months ago may not be enough to cover your new losses, even if you're performing well overall. I am not talking about drawdowns, those makes things even worse. I am talking about how looking for asymmetric returns means the time it takes will be asymmetrical too. For mid-term strategies, traders typically risk 1 unit to gain 5, 10, or even 15. However, the time required for returns grows exponentially as reward targets increase. If you're aiming for 10x or more, your losing trades might last only 2–3 days, but your winners could take six months or longer to materialize. I experienced this firsthand in 2024. I started the year strong, accelerating my risk after solid returns from trading the Yen. Then I hit the gas again, but things turned bad - primarily because I was experimenting with a new strategy alongside my proven ones. In November, I realized a 15x profit on gold, which could have significantly changed my situation. However, I had entered the position back in February, before I began scaling, so the gains didn’t have the impact I needed at the time. 💰 Scaling Only Works for the Few Who Are Ready Most traders either stagnate or lose, and even the best often learn the hard way early on. You’ve probably heard the common statistic: only 10% of FX investors win, and only 10% of stock investors beat the market. But even within that elite group, only a third outperform significantly enough to consider trading as a full-time career rather than just a supplement for retirement. From the data I've seen, only about 3% of investors should even consider aggressive scaling. Attempting to scale without a proven track record is a recipe for disaster. Even the most famous market wizards often had to learn the hard way early on. A good analogy is chess - not everyone is a young prodigy, and even for those who are, it often takes 7–8 years to reach master level. The same applies to investing: skill and experience take time to develop, and rushing the process can lead to avoidable mistakes. 💰 No shortcut but there are ways to increase scalability A path one might follow is the investment fund. However these are very restrictive, George Soros once said to make money you had to take risk. No matter how good you are you are still subject to the same laws and I know no one that has 100% win rate. If your max drawdown is 5% how much can you realistically risk per operation? Perhaps 0.25% So your 10X winner will be 2.5%. We know the returns, drawdowns and Sharpe ratios of the biggest (and supposedly best) funds, I never heard of a fund with a tiny max drawdown and huge returns except Medallion fund you got me. The problem I personally have, or shall I say had, is that I can sometimes go 6-12 months without a winner, or with just 1-2. It is spread very non-homogeneously. In the last 3 months I have (finally!) designed a short term strategy that will smooth the curve, I risk 1 to make 5 and have opportunities in all market conditions. I was not even trying to, I just randomly felt creative and went "Eureka". I am currently running my proven strategies on my main accounts, and the new one on a smaller account - of course I keep winning on these small amounts. This short term strategy might not be my best one, although it might be the second best, however it was exactly what I needed to help smooth the drawdowns and more boring market conditions. 💰 Balancing Creativity and Risk in Scaling Strategies I believe designing a successful scaling strategy requires a combination of creativity and pessimism. From my experience, it's essential to explore different ways to scale while always keeping the worst-case scenario in mind. To illustrate this, let’s consider an example - not necessarily the exact approach I will take, but a concept that reflects my thinking. Suppose I allocate €25,000 to a brokerage account and divide it into 25 "tokens" of €1,000 each. Every time the account grows, I would redistribute the balance into 25 equal parts, each representing 4% of the total. This setup ensures that I always have capital available for new opportunities. Even if I lose 10 times in a row and have 5 tokens tied up in winning trades (or disappointing breakevens), I would still have 10 tokens left to reinvest. Based on my calculations, 25 is the minimum number required for this method to work efficiently. That said, 4% risk per trade is significantly higher than what I have ever risked, and I may adjust it downward. 💰 Risk Management and Personal Goals If someone were able to triple a €25,000 account each year, they could theoretically reach €2 million in just four years. However, such exponential growth is rare and unsustainable over the long term. Jesse Livermore achieved extraordinary gains - but ultimately lost everything and took his own life. This is a stark reminder that extreme financial risk can have devastating consequences. I would never attempt this kind of aggressive scaling with essential funds - certainly not with rent money, without a financial cushion, with large amounts, or without a clear Plan B. My personal objectives: If investing my own money: My goal is to build a €2M–€3M account while continuing my regular job - possibly reducing to part-time work. If managing investor funds: I would aim to start with €10M AUM, with at least €500K of my own capital in the fund. My ultimate target is to grow AUM to €100M. 💰 The Crypto Factor : A Different Beast The extreme volatility combined with long term aspect of crypto makes for a very different experience. In the past it has shown incredible returns, I know this first hand my brother started mining Ethereum I think in 2019 when the price was below $150 I guess and then he has been buying cryptos on the way up, in euros I might add, with the crypto/euro charts looking much better than the USD ones. But there is no reason why it cannot all go to zero, or crash 95% and remain here for years. And even if the whole crypto market does not crash, several of them die each year. I am not a perma bear I do not wish my younger brother to lose everything, this is all he has, he got no diploma not interesting career. For crypto to fit in a structured investment strategy I personally would only put small amounts. So it sort of follows the idea of a separate account with huge risk. An amount that one can afford to lose. 💰 Final words I believe I have the experience, the rigor and the strategies to increase my risk and invest more aggressively. In a near future - maybe starting 2026 - I want to really grow my account. My scaling will be gradual, I won't jump from an amount to 3 times that in 3 months, I will manage my risk strategically; And before even starting the battle I will have clearly defined objectives.

Education

Gold- To trade or not to trade? High risk environment!!!!!Gold has been on an incredible run, with seven consecutive green weeks and the last three marking all-time highs. While this might seem like a strong bullish signal, traders must exercise caution. Markets that extend too far in one direction can become unstable, leading to sharp corrections. Whether you're trading TRADENATION:XAUUSD or any other asset, it's crucial to evaluate whether it's the right time to enter a trade—or if it's wiser to stay on the sidelines. The Dilemma: To Trade or Not to Trade? One of the biggest mistakes traders make is feeling compelled to be in the market at all times. Trading is not about always having a position but about making high-probability trades at the right time. As the saying goes, "Cash is also a position." Before entering a trade, ask yourself: ✅ Is the market offering a clear setup? ✅ Are you trading with the trend or trying to catch tops and bottoms? ✅ Does the risk-reward ratio justify the trade? ✅ Are you trading based on logic or emotion? If you cannot confidently answer these questions, it might be best to wait for a better opportunity. Why Trading Gold Requires Extra Caution These Days 1️⃣ Extended Rallies Increase Risk Gold's extended rally means that the market has already moved significantly higher. While it can still go higher, the risk of a pullback increases with every new high. Jumping in late can result in getting caught in a correction. 2️⃣ Market Sentiment is Overheated When everyone is overly bullish, smart money (institutions and large traders) often starts taking profits. This can lead to sharp sell-offs that wipe out late buyers. 3️⃣ Volatility Can Be Brutal Gold is known for its large price swings on highs. If you’re not careful with position sizing and stop losses, you could see your account take a serious hit. When Should You Consider Trading? - Look for pullbacks instead of chasing highs – Buying Gold after a reasonable correction is a better approach than buying at extreme levels. - Wait for price action confirmation – Pin bars, inside bars, or breakouts from consolidation areas can offer better risk-reward opportunities. - Ensure a favorable risk-reward ratio – A trade should offer at least a 1:2 risk-reward ratio to be worth the risk. - Align with strong technical levels – Key support zones (e.g., 50-day moving average, Fibonacci retracements, horizontal levels) can provide safer entry points. Conclusion: Patience Pays in Trading There’s no need to rush into trades just because a market is moving. Many traders lose money by trying to force trades when conditions are not favorable . Sometimes, the best trade is no trade at all. Gold’s extended rally calls for extra caution. If you're looking to trade it, wait for a healthy pullback, strong price action confirmation, and proper risk management before entering. Otherwise, staying on the sidelines and waiting for a better setup might be the smartest move. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

Education

123 Quick Learn Trading Tips #3: Better turn up the heat 123 Quick Learn Trading Tips #3: Better turn up the heat 🔥 Ever wonder why some traders seem to have all the luck? 🤔 They're not just lucky; they've built an iceberg of hard work, discipline, and even failures beneath the surface of their "success." Don't just chase the tip – build your own solid foundation. Here's what that iceberg looks like in trading: Hard work: 📚 Studying markets, developing strategies, and always practicing. No shortcuts here! 🚫 Patience: ⏳ Giving up short-term gains for long-term strategies. Don't rush. Good traders wait for the best opportunities. Risks: 🎲 Take smart trades, not reckless ones. Be brave, but not foolish. Discipline: 🎯 Follow your trading plan. Don't let your feelings make you change it. Trust what you learned before. Trust your strategy. Failures: 🤕 Everyone loses money sometimes. Learn from your losses. It's important to get back up and keep going. Doubts: 😟 Managing emotions and fear is crucial. It's normal to have doubts. Changes: 🔄 The market always changes. You need to change your strategies too. Be ready to adapt. Helpful habits: 📈 Consistent analysis and risk management are your bread and butter. Stick to good routines. Want to build a success iceberg? 🧊 Better turn up the heat 🔥 – it's going to be a long, cold journey beneath the surface. 👨‍💼 Navid Jafarian So, stop scrolling through my TESLA pics 🚗 and get back to analyzing those charts! 📊 Your iceberg isn't going to build itself. 😉

Education

by Navid_Jafarian

The Main Elements of Profitable Trading Strategy (Forex, Gold) There are hundreds of different trading strategies based on fundamental and technical analysis. These strategies combine different tools and trading techniques. And even though, they are so different, they all have a very similar structure. In this educational article, we will discuss 4 important elements and components every GOLD, Forex trading strategy should have. What Do You Trade 1️⃣ The first component of a trading strategy is the list of the instruments that you trade. You should know in advance what assets should be in your watch list. For example, if you are a forex trader, your strategy should define the currency pairs that you are trading among the dozens that are available. How Do You Trade 2️⃣ The second element of any trading strategy is the entry reasons. Entry reasons define the exact set of market conditions that you look for to execute the trade. For example, trading key levels with confirmation, you should wait for a test of a key level first and then look for some kind of confirmation like a formation of price action pattern before you open a trade. Above, is the example how the same Gold XAUUSD chart can be perceived differently with different trading strategies. 3️⃣ The third component of a trading strategy is the position size of your trades. Your trading strategy should define in advance the rules for calculating the lot of size of your trades. For example, with my trading strategy, I risk 1% of my trading account per trade. When I am planning the trading position, I calculate a lot size accordingly. Position Management 4️⃣ The fourth element of any trading strategy is trade management rules. By trade management, I mean the exact conditions for closing the trade in a loss, taking the profit and trailing stop loss. Trade management defines your actions when the trading position becomes active. Make sure that your trading strategy includes these 4 elements. Of course, your strategy might be more sophisticated and involve more components, but these 4 elements are the core, the foundation of any strategy. ❤️Please, support my work with like, thank you!❤️

Education

by VasilyTrader

Why you should choose your trading period carefully First, let's look at the four most important trading sessions. The Forex and stock market is divided into different trading sessions, which are based on the opening hours of the main financial centers: Session Opening Hours (UTC) Major Markets: -> Sydney session 22:00 – 07:00 Australia, New Zealand -> Tokyo session 00:00 – 09:00 Japan, China, Singapore -> London session 08:00 – 17:00 UK, Europe -> New York session 1:00 p.m. – 10:00 p.m. USA, Canada Note: Times vary slightly depending on summer or winter time. Why are trading sessions important? -> Volatility & Liquidity Depending on the session, there are different market movements. High liquidity → tight spreads and better order execution. Low liquidity → greater slippage and wider spreads. -> Active currencies & markets During the Tokyo session, JPY and AUD pairs are particularly active. During the London session, EUR and GBP pairs are the most volatile. During the New York session, USD pairs and stock markets moved the most. Opportunities & risks during overlapping times: The overlaps between sessions are the most volatile times because several major markets are active at the same time. 1. London-New York Overlap (13:00 – 17:00 UTC) → Highest volatility Why? The world's two largest financial centers operate at the same time. Opportunities: Big price moves → good for breakout traders and scalping. High liquidity → tight spreads, fast order execution. Risks: Extreme volatility → rapid price changes can trigger stop losses. News (e.g. US jobs data) can cause sudden movements. Practical example: A trader is watching EUR/USD and sees strong resistance at 1.1000. US inflation data will be released at 13:30 UTC. If the data is better than expected → USD strengthens, EUR/USD falls. If the data is worse → USD weakens, EUR/USD rises. Within a few minutes the price can fluctuate by 50-100 pips. → Strategy: News traders rely on quick movements, while conservative traders extend stop losses or pause during this time. 2. Tokyo-London Overlap (08:00 – 09:00 UTC) → Medium volatility Why? London opens while Tokyo is still active. Opportunities: JPY pairs (e.g. GBP/JPY) are moving strongly. Breakouts through the European opening. Risks: Sudden changes in direction as European traders often have a different market opinion than Asian ones. Practical example: A scalper is trading GBP/JPY in a narrow range of 185.00 – 185.20 during the Tokyo session. At 08:00 UTC London opens with GBP/JPY breaking above 185.50. Within 30 minutes the price rises to 186.00 as European traders buy GBP. If you recognize the breakout early, you can quickly take 50-100 pips. → Strategy: Scalpers rely on quick entries and take profits before volatility subsides. 3. Sydney-Tokyo Overlap (00:00 – 07:00 UTC) → Low volatility Why? Mainly the Asian market is active. Opportunities: Less volatility → good for range trading. Cheaper spreads for AUD and NZD pairs. Risks: Little liquidity → Slippage may occur. Strong moves are rare, except for major news from Japan or Australia. Practical example: A swing trader notes that AUD/USD has been fluctuating between 0.6500 and 0.6550 for days. During the Sydney-Tokyo session the price mostly stays in this range. The trader places a sell limit order at 0.6550 and a buy limit order at 0.6500. Since there is little volatility, it can be profitable with multiple small trades. → Strategy: Range trading is ideal because no major breakouts are expected. Conclusion: Each trading session has its own characteristics, opportunities and risks. The crossovers are the most volatile times - good for day traders, but risky for inexperienced traders. Anyone who understands the market mechanisms can take targeted action at the right time. The strategies mentioned above are simply derivations from the advantages and disadvantages of the respective sessions. Of course, a well-founded strategy concept requires much more.

Education

by Speechless-Trading

PLR (Path of Least Resistance) Strategy Explanation - $SHOP Hi guys this is a follow up to a post I have just published about my trading idea on shorting NYSE:SHOP , It really doesn't matter if you want to short the market or long the market as it works either way, but for the sake of the example I'll take a 6 months period from the Shopify chart following earnings to better explain you my strategy... This right here is the NYSE:SHOP chart from approx. Jan/2024 to end of Aug/2024, 2 Earnings have been announced, both having great positive surprises, but regardless of the positive surprise (typically bullish indicator), the stock fell of 45%+. Let's add the earnings dates to the chart so that you can better visualize them: What you care about in this image is the earnings dates lined out, as you can see the surprise was positive yet both fell more than 10% in just a day, that I will take as the upcoming trend for at least the time being, till the next earning is announced (so, if for example the 13/Feb earning ended up being bearish, my overview on the market till at least the next earning on 8/May, will be bearish, so all of the trades I will take will be shorts). Now I will line out the trend and the BoSs (breaks of structure) just to better visualize the trend: As you can see the Earning date candles signed the beginning of a down trend twice, pre-announced by the Earning candle itself. The entry strategy is now simple, the idea behind it is to "follow the path of least resistance".. by that I mean that, if your bias is bullish, who enter on candles that are of the opposite direction to the one you are heading to? - Sure you might say that it is to get better entries as ofc, on a short bias, higher sale points = better profits, but the goal here is not maximizing profits, but raising the odds exponentially so that you can take surer trades. I've tested this strategy from Feb/2021 and so far the win rate is 95.6% (123 out of 136 trades profited . The way the entries are spread is this: Basically every time a bearish candle - that closes lower than the previous bearish candle did - is created, a short position of 1% of total equity is generated. The period begins from the beginning of the current earnings season, and closes the day before the next earnings season as it works within a 3 months frame. Each entry HAS to be the lowest bearish candle of the period, example: Only these candles marked in blue count as entries for short positions as their close is lower of more than 0.5% than the previous one, The pink ones are higher than the lowest up to that point, so they do not count as entries as they are technically part of a pullback that is moving in the opposite direction where you are heading. So, going back to the entries, we enter on the close of the lowest bearish candle close up to that point. For safety, we trail the stop loss to the previous high, this is where well defined trend lines come handy: The thick black line is the trend line, and as new lows are broken, I mark those as BoS (break of structure) and until a new one is created, the SL will go to the previous high, and so it goes. (viceversa for buys). We then proceed to target the FVGs left behind by previous quarters: As you can see there are massive gaps in the chart that we will target and identify as FVGs (Fair Value Gaps) and set the TP at the close (lowest point) of the fair value gap. Now comes in your exit strategy... There really are 3 ways that you can tackle this: 1- You set up TP to the lowest FVG of the series (if there are multiple like in this case) 2- You set up TP to the first FVG still open during the quarter following the Earnings Period 3- You tackle both TPs and take each FVG as a partial close to the position (example: if there are 2 FVGs you take out 50% of the position on the first and 50% on the last). But what to do if your positions didn't reach TP (FVG close) before the next Earning or there is no FVG to begin with??? - In the case the TP you have marked out at the close of the FVG didn't reach, you'll proceed to close the position 1 day before the next Earnings is coming, unless your conviction that the FVG will fill in is so high, then you can let those run at your own risk: - In the case in which a FVG is not present then you'll target the previous High (in case of a buy) or Low (in case of a sell) as your TP, utilize the previous low (in case of buy) or previous high (in case of sell) as SL and just let it run: as you can see the 4 trades were all profitable, made little money but sure money in just 15 days Unless I forget anything, this right here, is my strategy. Simple, straight forward, high success rate and doesn't leave anything up to the case. If you have any questions PLEASE leave a comment below and I'll do my best to reply in time ;)

Education

Different Types of W Patterns and How to Trade Them Hello dear KIU_COIN family 🐺 . Recently, I decided to provide some educational content for you, my dear audience, and introduce some essential and basic trading terms. Here’s what you should know: In these lessons, we will cover three different seasons: 🔹 Season 1: Reversal and continuation patterns. 🔹 Season 2: How to use RSI and other indicators to find good entry points. 🔹 Season 3: Definitions of Fibonacci and seasonality in trading. Stay tuned for valuable insights! 🚀 ✅ For the first section of 🔹 Season 1 , I’ll be covering W patterns— a well-known bullish reversal pattern : As you can see in the chart above, we usually have three types of W recovery patterns , which are the most important ones for us. However, in this section, we just want to get a general understanding of them. In the upcoming section, we will learn how to trade them and explore how they actually appear on the chart and the story behind them ! ✅ This is the first and most common type of W pattern: ✅ This is the second type of W pattern: ✅ This is the third type of W pattern: Ok, guys; I think this is enough for today, and I hope you enjoyed this educational content. However, don't forget to ask your questions below and support me with your likes and follows for more of this content. 🐺🔥

Education

Making money in a downtrend - J is WILD I chose J as my public idea for the day for a lot of reasons -it’s my best idea of the day (it’s #11 on my composite score list) -covering a span of over 1800 trades (real and backtested), it has an AVERAGE gain of 2.9%. -the 1 “losing” trade in all 1800+ was a signal from yesterday which I will boldly predict will become profitable too. -it has a per day held average gain of over 3x that of the S&P500 over those 1800+ trades -it’s right at support and has some more support further down both from previous highs and an unbroken uptrend line going back over 18 months -it has a track record of rebounding nicely after earnings “disappointments” -it’s trading in the middle of its 6 month range But I also chose it to illustrate a point about the way I trade, and it’s one that is very relevant and about to become more relevant, I think. When the market starts to show weakness, people get scared of trading long. And I get that - it’s a valid concern. It’s easier to make money in an uptrend - that’s why so many people who have traded NVDA over the last 2 years think they are amazing traders. Rising tides lift ALL boats, even leaky ones. But making money in ANY environment is the difference maker. J is down a little over 11% in the last 3 months or so. It is in the middle of a legitimate Wall Street definition of a correction. I am not picking the bottom here, or even trying to. That’s the point. I don’t care if this is the bottom. It’d be great if it was, but it doesn’t matter. Now I’m not saying my algo is the greatest thing ever (though it might be for me), but the WAY I use it is significant and it illustrates something ANYONE can do when a stock or markets are trending lower. During this correction, my algo has signaled 14 LONG trades, including today. 12 have been closed profitably and one was the long signal yesterday (#14 was today). Full disclosure: I didn’t actually trade that signal yesterday, but I am today. The average gain on the 13 prior to today (including yesterday's "loser"), DURING A CORRECTION, is +0.9%. Not only does it win, but it wins consistently even when stocks are trading lower. The key is as much how/when I exit as it is the algo and its entry signals. As soon as a lot is end of day profitable, it is gone. I don’t care how much I’ve made, it’s gone. And that is a secret to making money long during a downtrend. It helps a lot that my entry signals are good ones, but the key is GET OUT WITH A PROFIT. Don’t let the market take its money back. It’s the same thing casinos try to do when you win and they have the edge - keep you playing so they can get their money back. I trade the same way in uptrends too. That leaves some money on the table then, but I take it back on the way down when I’m making money instead of losing it - and you can too. The method I use works in almost every situation, on almost any stock. But its shining moment is when things are going downhill. Not just because it makes money, but because I don’t worry about timing and downtrends much any more. Some slides can get annoying under the right circumstances, but I don’t worry. This technique has worked in every major market downtrend in the last 50 years. Except for stocks that go to zero, it works on stocks in corrections or bear markets, though at a certain point even it will lose money (I’ll be posting an idea involving NVDA in that regard sometime relatively soon). But relatively small losses are easily regained, especially if the win rate is high (which it obviously is here). The key is avoiding the BIG losses and this technique does that very well. So I went long at the close at 132.19. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.

Education

by redwingcoach

PROFIT & LEARN: NEWS TRADING (MY VIEWS) Introduction: “Hello, traders! Welcome back to ‘Profit and Learn.’ Today, we’re diving into a fascinating topic: how markets can move contrary to news. It’s a common misconception that positive news always leads to positive market movements. Let’s explore why this isn’t always the case.” Main Content: “Markets often price in expected news ahead of time. This means that by the time the news is released, the market has already reacted. Media and PR play a significant role in shaping sentiment, often creating a disconnect between actual news and market reactions. For instance, positive news can sometimes lead to a market drop due to profit-taking or because the news was already expected.” Case Study: “Let’s look at a recent example with USD/JPY. Despite all news items coming out positive, USD/JPY made a strong move downward. This can happen when markets have already priced in the positive news, or when traders take profits, causing a reversal.” Key Takeaways: “Always understand market psychology. Don’t rely solely on news headlines. Consider the bigger picture and broader market context before making trading decisions.” Conclusion: “Thanks for tuning in! Remember, successful trading requires a holistic approach. Stay informed, stay cautious, and happy trading!”

Education

16:08

by moneymagnateash

Day Trading: A Comprehensive Guide Day trading is a dynamic trading style that attracts many traders, particularly those looking to capitalize on short-term market movements. Unlike other trading strategies that span days, weeks, or even months, day trading involves executing trades within the same trading day, taking advantage of price fluctuations throughout that period. This guide will explore the essence of day trading, its strategies, pros and cons, and tips for success, delving deeper into the intricacies of the market and the techniques required to navigate it effectively. What is Day Trading? Day trading involves the buying and selling of financial instruments within a single trading day. Traders do not hold positions overnight; instead, they aim to profit from daily market movements. This approach is particularly appealing to novice traders, who may believe that frequent trades can exponentially increase profits. However, the fast-paced nature of day trading requires discipline and a solid trading plan, as emotional decision-making can lead to significant losses. Traders typically utilize various time frames, often ranging from one minute (M1) to one hour (H1). While beginners may gravitate towards shorter time frames like M5 or M15, these often result in increased noise and the potential for quickly hitting stop-loss orders. Successful day traders understand that consistent profitability stems from maintaining discipline and developing a robust trading strategy rather than chasing quick wins. Understanding Market Psychology Market psychology plays a significant role in day trading. Fear, greed, and anxiety are the primary emotions driving investor behavior, leading to price movements. Traders must remain aware of market sentiment, gauging the mood of other traders and market participants. This involves: 1. Sentiment Analysis: Assessing current market sentiment can help traders position themselves correctly. Bullish sentiment often leads to higher prices, while bearish sentiment causes prices to drop. 2. Economic Indicators: Monitoring economic indicators and news releases helps traders anticipate potential price movements, influencing their trading decisions. 3. Support and Resistance: Key support and resistance levels indicate areas of price stability and potential for price reversal. Read also: --- Strategies for Successful Day Trading --- To thrive in day trading, adherence to particular strategies is essential. Here’s a look at some of the most common techniques employed by day traders: 1. Scalping Scalping is one of the oldest and most popular strategies in day trading. It involves making numerous trades throughout the day to capture small price movements. Scalpers analyze charts and execute quick trades based on technical indicators, entering and exiting positions in mere minutes. This method thrives in low-volatility environments, where assets tend to fluctuate within tight ranges, allowing traders to realize small but consistent profits. Example of Scalping on 5-Minute EURUSD with Simple Moving Average and Standard RSI Indicator 2. Reverse Trading Reverse trading capitalizes on market range-bound conditions. Traders identify key support and resistance levels and execute trades based on the price retracing from these points. This strategy typically requires a combination of technical analysis and an understanding of fundamental data. It's crucial to remain vigilant about scheduled news releases, as these can create sudden price surges or drops that impact positions. Read also: 3. Momentum Trading Momentum trading relies on the strength of existing price movements. This strategy involves entering trades in the direction of a prevailing trend, often guided by fundamental analysis and technical indicators such as Moving Averages. Traders monitor economic news and events that may influence market dynamics, utilizing these insights to execute long or short trades accordingly. Read also: 4. Range Trading Range trading involves buying an asset when its price falls to the lower boundary of a trading range and selling when it reaches the upper boundary. This strategy requires a keen eye for identifying support and resistance levels and a deep understanding of market volatility. Read also: Pros and Cons of Day Trading Day trading comes with a distinct set of advantages and challenges. Here’s a balanced view of its pros and cons: Pros: - Access to Capital: Traders can start day trading with lower capital requirements since each trade can yield a profit in just a few pips. - Flexibility: Traders have control over their trading schedule, allowing them to choose when and how long to engage in trades. - Potential for High Returns: Successful day trading can produce significant profits compared to longer-term strategies, provided that trades are executed prudently and systematically. Cons: - High Risk: Day trading is inherently risky, especially for those inexperienced in market dynamics. The potential for quick losses is significant. - Psychological Pressure: The fast-paced nature of day trading can lead to emotional decision-making, which can derail even the most disciplined traders. Read also: - Time Commitment: Day traders must be patient and ready to dedicate long hours to monitoring the markets, which may not suit everyone. - Commissions and Fees: Trading frequently can lead to increased commissions and fees, eating into potential profits and making it essential to maintain a high win-to-loss ratio. Managing Risks in Day Trading Risk management is paramount to surviving in the world of day trading. Here are some risk management techniques to consider: 1. Position Sizing: Proper position sizing is critical to risk management in day trading. This involves allocating the right amount of capital to each trade to minimize the impact of potential losses. 2. Stops and Limits: Traders use stops and limits to limit potential losses. Stops are triggered when prices reach a predefined level, closing out the position, while limits are triggered when prices reach a certain level, closing out the position. 3. Risk Reward Ratio: Setting a risk reward ratio helps traders maintain profitability. This involves setting a ratio of reward to risk, typically around 1:3 to 1:4. Read also: /b] and.. and... Conclusion Day trading can be a lucrative venture for those willing to invest time in understanding market mechanics, developing strategies, and exercising disciplined decision-making. While it may appear attractive, particularly for beginners, the reality is that successful day trading requires meticulous planning, emotional control, and a well-thought-out strategy. For those new to day trading, practicing on a demo account is advised to build skills and confidence. Starting with simpler strategies, such as pullback trading or scalping, can help beginners navigate the complexities of intraday trading. Ultimately, comprehensive knowledge of technical analysis and a clear grasp of market sentiment are critical for achieving consistent success in day trading. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.

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What's Flowing: Trump’s Tariffs – Institutional Insight On this episode of “What’s Flowing”, I dive into a document shared with me by an institutional trader analyzing the impact of Trump’s tariffs on the markets. With global trade in focus, we’ll explore how these policies are affecting currencies, commodities, and equities, and what institutional traders are watching closely. Are tariffs a strategic move for economic leverage, or are they setting the stage for market volatility? I’ll break down what I can from the report, reading between the lines to extract key takeaways for traders and investors. Stay tuned as we analyze the potential winners and losers in this shifting economic landscape, and what it all means for your portfolio.

Education

03:44

by moneymagnateash

Acceptance: The Hardest but Most Powerful Skill in Trading & Lif Have you ever felt completely overwhelmed by trading? The endless cycle of self-doubt, frustration, comparison, and emotional exhaustion? If you have, trust me—you’re not alone. Trading is not just about charts and strategies. It’s about navigating the mental battles that come with it. Today, I want to share something personal—the reality of acceptance in trading and life —because, in the end, acceptance can save you from a lot more pain than resistance ever will. The Burden of Comparison & Expectations One of the first mental struggles every trader faces is comparison—seeing others with bigger wins, higher profits, or what looks like an effortless journey. You start asking yourself: "Why am I not there yet?" "How did they make it so fast?" "What am I doing wrong?" But here’s the truth: We all have different limitations . Some start with larger capital, some have years of experience, and some simply got lucky early on. T he moment you accept where you are right now instead of where you " should be, " everything changes. If you have limited capital, accept that you won’t get rich overnight —and that’s okay. Instead of chasing unrealistic dreams with high leverage and reckless trades, focus on a real path: ✅ Spend 3-4 years mastering your craft. ✅ Backtest, forward test, and refine your strategy. ✅ Build consistency, and capital will follow—whether from your own profits, investors, or prop firms. Acceptance vs. Denial: The Cost of Avoiding Reality Acceptance isn't just about money—it’s about embracing probabilities instead of seeking guarantees. Think about it: Death is 100% certain. We accept it because there’s no alternative. Getting liquidated is NOT 100% certain—it only happens when you ignore stop losses and risk management. Yet, many traders choose denial over acceptance. They refuse to accept small losses, hoping a bad trade will recover, only to watch their account get wiped out. 📌 The price of refusing to accept reality is always higher than the price of accepting it. Just like we use stop-losses in trading, we need stop-losses in life. Without them, you might wake up one day realizing: ❌ You spent 5 years in a toxic relationship. ❌ You kept pursuing a wrong path for way too long. ❌ You ignored the signs, hoping things would magically fix themselves. Learning to accept losses, failures, and mistakes is not weakness—it’s a superpower. And ironically, the faster you accept things, the faster you move forward. My Journey & What I Do Here I’m Skeptic . I analyze markets, develop trading strategies, and share real, no-BS insights to help traders grow—not just technically, but mentally. If this post felt different from my usual ones, it’s because it is. Some things go beyond just trading—they shape how we think, react, and navigate both markets and life. 💬 Have you ever struggled with acceptance in trading? Drop a comment —I’d love to hear your experience. Stop fighting reality. Accept where you are, work with what you have, and set stop-losses in both trading and life . That’s how you survive long enough to win :)

Education

123 Quick Learn Trading Tips #2: Stay Cool, Trade Smart 🎯 123 Quick Learn Trading Tips #2: Stay Cool, Trade Smart "Don't let anger empty your pockets. Trade with a cool head." Navid Jafarian ❓ Ever get mad when you lose a game? ❓ Want to try again and win RIGHT AWAY? Trading can feel like that, but with real money. It's easy to blame losses on things you can't control, like the news or bad luck. ✅ Truth is, everyone loses sometimes in trading. The best traders don't get angry. They learn from their mistakes and move on.💪 ‼️ Don't try to "get even" with the market after a loss. That's how you lose even more! 🗝 Take charge, learn, and make the next trade better. ❗️Remember: The best traders stay calm and focused. Just like a pro!

Education

by Navid_Jafarian

TradeCityPro Academy | Risk Management 👋 Welcome to TradeCityPro Channel! Let’s continue with another training session after the first part, which was about Capital Management, and dive into the important topic of Risk Management. 🕵️‍♂️ Risk Management as a Profession One of the heaviest responsibilities, riskiest roles, and most demanding efforts in studying or working in a company lies in the field of Risk Management. The job of risk management exists in various fields, including banking, insurance, investment, and consulting. People working in this field are responsible for identifying financial, operational, or project-related risks and designing strategies to reduce or manage them. The income of a risk manager varies depending on the country, industry, level of experience, and scope of the project. In developed countries, risk managers in financial industries can earn high incomes. On average, in the United States, the annual income of a risk manager ranges between $80,000 and $150,000. 💰 Risk Management in Financial Markets Risk management is one of the most important skills and concepts in the world of finance, business, and even daily life. It helps you identify, assess, and control potential risks to avoid unexpected losses. 💡 What is Risk Management? Risk management is the process of identifying and assessing potential threats and then taking actions to reduce or eliminate their negative impacts. This process helps you make more informed decisions and protect your capital or resources from unnecessary risks. In financial markets, risk management means identifying, evaluating, and controlling risks related to investments to prevent major losses. This includes setting a Stop Loss, diversifying your investment portfolio, using leverage responsibly, and sticking to your trading strategy. The primary goal is to preserve capital and optimize profits by managing potential risks. 💵 Why Should We Manage Risk? Before diving into the explanations, let’s illustrate the concept of risk management with a life example: Do you give the same kind of gift to your parents or partner as you would to a distant relative or a friend you recently met? Of course not! Everyone holds a different level of importance in your life. Now let’s examine this in financial markets. It’s better to have different risk management strategies for your setups and strategies based on market conditions. Categorize them into different groups using your Excel data and setups. As a side note, in this training, when we talk about risk, we mean the amount of capital you will lose after entering a position and hitting your stop loss not just the amount of capital involved in the position. Additionally, if you don’t have a written trading plan, strategies, or if you don’t document your positions in Excel or any other platform, this will not be beneficial for you and may result in future losses. 💼 Implementing Risk Management in Trading We need to categorize our trades based on market conditions, daily circumstances, chart setups, strategies, win rate, written trading plans, and our trade entry checklist. Here’s how I categorize trades: Very Risky - Risky - Normal - Confident 1️⃣ Very Risky For this category, it’s better to have a separate account purely for testing, FOMO, or experiments. These trades have very few confirmations (1–2). Trade with less than 0.1%–0.25% of your main capital in this category. 2️⃣ Risky These trades are opened in your main account because they generally meet some confirmations but lack key ones. For instance, you anticipate a resistance breakout and go long before confirmation. These trades usually have a small stop loss, leading to higher risk-to-reward ratios. Use 0.25%–0.5% of your capital for these trades. 3️⃣ Normal These trades have most confirmations but might miss a few. For example, out of 10 items on your checklist, 6–7 are confirmed. These form the majority of trades. Be cautious about the win rate of this category, as it should be higher than your overall average. Use 0.5%–0.75% of your capital here. 4️⃣ Confident These trades have all major confirmations, and your strategy’s triggers are activated. Additionally, 8–9 out of 10 items on your trade entry checklist are confirmed. These are your most confident trades. Use 0.75%–1% of your capital for these trades. ⚠️ Daily Risk Management Don’t use your entire daily risk limit at once. For example, if your daily risk is 1.5%, keep some risk in reserve in case your first trade hits its stop loss. This allows you to recover and even profit later in the day. Focus on normal trades. These should form the majority of your trades since they maintain a healthy win rate. Risky trades might lower your win rate, while confident trades occur less frequently and won’t significantly impact your overall win rate. 📝 Building Risk Management and Consistency Risk management based on your checklists and spreadsheets can take around 6–8 months to develop, starting after learning technical analysis. In the beginning, allocate 0.5% risk per trade while documenting your trades. This will prevent unnecessary self-blame for stop-loss hits in risky trades and help you trade confidently with a solid plan. ❤️ Friendly Note If you don’t follow these principles, trading might become an on-and-off journey, leading to frustration and eventual market exit. In the end, your money will go to traders who adhere to these rules. If you’ve read this far, congratulations! Unlike misleading social media ads, this guide offers genuine, practical insights. Be proud of your effort and focus on applying these principles. Let’s progress together and elevate our lives through financial markets. 😊

Education

by tradecitypro

10 Mistakes That Can Sabotage Your Trading Success Navigating Common Mistakes for Enhanced Trading Success Whether you’re a fan of technical analysis or not, understanding these common mistakes can significantly enhance your trading career. Take your time to read through this article, which outlines potential pitfalls and provides solutions. I’m confident you’ll find valuable insights for reflection. Did you know that more than 70% of traders encounter similar mistakes when employing technical analysis? Technical analysis is pivotal for traders aiming to succeed in the financial markets. It provides a systematic methodology for interpreting price data and informs decision-making by assessing historical trends and indicators. However, the essence of effective trading transcends merely utilizing these technical tools; it revolves around how they are applied within a broader context. Many traders inadvertently fall into the trap of overemphasizing certain techniques, while neglecting other critical dimensions of their analysis. By steering clear of these frequent pitfalls, traders can enhance their strategies and significantly heighten their chances for success. 1. Overreliance on Trading Indicators One of the foremost errors traders make is an excessive dependence on trading indicators. Tools such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can furnish useful insights into market dynamics, yet they should not eclipse the larger trading context. Placing undue trust in these indicators often blinds traders to essential elements such as price action, market sentiment, and macroeconomic factors that profoundly affect price fluctuations. For instance, a trader might execute a buy order solely because the RSI indicates an asset is oversold, disregarding a prevailing downtrend that could push the price even lower. Similarly, those fixating on MACD crossovers might overlook critical support and resistance levels or the ramifications of unexpected market news that could render their signals void. Solution: To combat this issue, traders should endeavor to integrate indicators with other analytical methods, such as price action and trend analysis. Observing price action through candlestick patterns and chart formations allows traders to gain insights into actual market behavior, while trend analysis aids in discerning the overarching market direction. This comprehensive approach empowers traders to make more informed decisions by utilizing indicators as complementary tools rather than single-point gods. 2. Dismissing Price Action for Complex Indicators Another frequent misstep is the disregard for the fundamental concept of price action in favor of convoluted indicators. Although tools like moving averages and Bollinger Bands offer valuable perspectives, they can often lack the immediacy of market sentiment captured through price movement. Price action reveals crucial visual elements—like candlestick patterns and support and resistance levels—that encapsulate real-time market psychology. When traders fixate solely on indicators, they frequently bypass essential cues about market dynamics. Patterns such as doji candlesticks or pin bars can convey significant insights regarding potential reversals or continuations that might remain hidden when relying exclusively on indicators. Solution: To avert missing critical patterns, traders should combine price action analysis with technical indicators. By merging price action with tools like RSI or MACD, traders can substantiate potential entry and exit points, thereby fortifying their analysis. A holistic approach enables traders to consider both market sentiment and statistical data in their decision-making process, resulting in more effective trading strategies. 3. Failure to Adapt to Shifting Market Conditions Stubborn adherence to a static trading strategy, regardless of fluctuating market conditions, is another common trader folly. Those who resist adjusting their approach often find themselves ill-equipped to manage the unique challenges posed by each market phase. For example, a trend-following strategy might yield excellent results in a strongly trending market but falter during periods of volatility or sideways movement. Failing to consider economic developments or geopolitical events can lead to significant financial setbacks. Understanding that market conditions are continually evolving is crucial. A strategy that proves successful in a trending environment may stutter during turbulent times. Solution: Flexibility is key. Traders must remain vigilant and adjust their strategies to align with current market conditions. For volatile markets, it may be prudent to emphasize shorter time frames and utilize tools like the Average True Range (ATR) to gauge market fluctuations. In contrast, momentum indicators such as MACD or trendlines could be more applicable in stable trending conditions. Read Also: 4. Complicating Trading Strategies Another prevalent error traders encounter is the excessive complicating of their strategies through an overload of indicators and predictive tools. While the desire to achieve a comprehensive overview can be tempting, the outcome frequently results in analysis paralysis. Overly complex approaches can generate confusion, hinder decision-making capabilities, and detract from a trader's confidence. Contrary to expectations, effective trading is often rooted in simplicity. Using a myriad of indicators can lead to mixed signals, making it difficult to identify genuine market trends. Solution: Eschew complexity in favor of simplicity by limiting the number of indicators utilized. Focus on mastering a few pivotal tools and patterns that complement one another. For example, combining moving averages with RSI not only provides both trend and momentum insights but also allows for more definitive decision-making. 5. Misreading Chart Patterns and Signals Chart patterns play a critical role in technical analysis and can offer essential insights into price movements. Yet misinterpreting these patterns can lead to costly mistakes. Traders often err in reading formations like double tops, head and shoulders, or triangles, leading to premature or misguided trade entries. These errors frequently arise from a lack of contextual understanding, including trend placement and volume considerations. Misinterpretations can result in acting on unreliable signals, causing traders to lose confidence and suffer unnecessary losses. Solution: To circumvent these misunderstandings, traders should validate chart patterns through multifaceted analysis. Volume, for example, is essential in assessing the integrity of a pattern; a formation accompanied by robust volume is generally more reliable than one emerging from low volume. Additionally, scrutinizing market structure and historical support/resistance levels can enhance pattern accuracy. 6. Neglecting Risk Management Principles Although technical analysis targets optimal entry and exit points, many traders overlook the fundamental principle of risk management. Overconfidence can lead traders to launch into trades based purely on chart readings, neglecting their risk tolerance and the potential for substantial losses. Understanding that even the most precise technical setups can be thwarted by unforeseen market volatility is crucial for sustainable trading success. Solution: Integrate risk management protocols into your technical analysis strategy. Establish Stop Loss orders at logical levels based on market structure or volatility. Position sizing is also critical; by avoiding over-leveraging, traders can mitigate the likelihood of catastrophic losses if trades do not perform as expected. Read Also this Two posts: 7. Allowing Emotions to Drive Decisions Emotions—fear and greed—often undermine a solid trading strategy. In high-pressure moments, traders may act impulsively to recover losses or seize on fleeting opportunities. Fear can provoke premature exits, while greed may instigate overly aggressive entries or excessively prolonged positions. Such emotional decision-making inevitably leads to suboptimal execution of technical analysis. The psychological components of trading are crucial yet frequently underestimated. Discipline in adhering to a well-defined trading plan is indispensable for maintaining emotional equilibrium. Solution: To manage emotions in relation to technical analysis, traders should diligently follow a structured trading plan, complete with predetermined entry and exit rules. Keeping a trading journal can also aid in tracking emotional responses, revealing behavioral patterns that may compromise decision-making quality. Read also this posts: 8. Overlooking the Importance of Backtesting A significant mistake traders commonly make is neglecting to backtest their trading strategies. Backtesting involves applying trading rules to historical data to assess past performance. Without this critical step, traders risk depending on untested strategies or assumptions that could lead to uninformed decisions and unwanted losses. Solution: Backtesting is an essential practice for honing technical analysis skills and validating strategies. By evaluating trading strategies against historical data, traders can identify strengths and weaknesses, refine their indicators, and subsequently enhance their overall approach. Tips for Effective Backtesting Utilize platform TradingView for access to historical data and backtesting functionalities. Test across diverse time frames and market conditions to gauge versatility. Recognize that while past performance does not guarantee future outcomes, insights gleaned through backtesting can significantly refine your strategy. 9. Neglecting the Importance of Market Context One critical mistake traders often make is failing to consider the broader market context when conducting technical analysis. Factors such as economic reports, geopolitical events, and changes in market sentiment can have a profound impact on price movements. Ignoring these elements may lead to misjudgments about potential trades, as technical patterns and indicators can shift in relevance due to external forces. For example, a trader might spot a bullish chart pattern suggesting a strong upward movement, but if there is an upcoming economic report expected to be unfavorable, the market may react negatively despite the technical signals. This disconnect can lead traders into false trades, upending their strategies and capital. Solution: To avoid this pitfall, traders should stay informed about broader market developments and familiarize themselves with scheduled economic events that could impact their trades. Integrating fundamental analysis into trading strategies can enhance the effectiveness of technical analysis, allowing for a more comprehensive understanding of market dynamics. Read also: 10. Failing to Keep a Trading Journal Another common misstep traders make is neglecting to maintain a trading journal. A trading journal is a valuable tool for documenting trades, strategies, and outcomes, allowing traders to reflect on their decision-making processes. Without this practice, traders may struggle to identify patterns in their behavior, learn from past mistakes, or recognize successful strategies over time. Not keeping a journal means missing out on crucial insights into what strategies work and what don’t, leading to stagnated growth and repeated errors. By failing to analyze their trading history, traders diminish their ability to evolve and refine their approaches based on real experiences. Solution: Traders should commit to maintaining a comprehensive trading journal that details every trade, including entry and exit points, reasons for taking the trade, emotional responses, and the overall outcome. Regularly reviewing the journal can reveal trends in trading behavior, highlight biases, and provide invaluable guidance for future trading decisions. A trading diary not only enhances trading discipline but serves as an essential framework for continual improvement. Read Also: Conclusion In summary, the journey to successful trading is filled with potential pitfalls, including overreliance on indicators, dismissing price action, failing to adapt to market conditions, neglecting risk management, and the gaps in understanding market context and documenting strategies. By consciously avoiding these ten common mistakes, traders can refine their strategies, strengthen their decision-making processes, and ultimately enhance their chances for success. Mastering technical analysis requires a balanced and disciplined approach that integrates an awareness of market factors, personal insights through journaling, and evolving strategies based on continuous learning. As the market landscape changes, so too should your approach— only by adapting can traders position themselves for profitable outcomes in a competitive environment. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. 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Education

How to Prepare Your Mind for Managing Trades Effectively?Have you ever made a decision mid-trade that wasn’t part of your strategy, only to regret it later? Many traders find themselves acting impulsively, closing positions too early or holding on too long, and then wondering where they went wrong. This common behavior often stems from a lack of psychological readiness and planning. When you step outside your written trading plan, you’re letting cognitive biases and emotions take control. I’m Skeptic , and I’ll explore how to prepare your mind for better trade management and avoid the psychological traps that derail so many traders. 🔍A. The Two Scenarios After Entering a Trade Once you’ve opened a position, one of two things will happen: The price moves against you. The price moves in your favor. Let’s break these down and discuss how to manage each scenario: 📉Scenario 1: The Price Moves Against You If you’ve applied proper risk management and set a stop-loss before entering the trade, this scenario shouldn’t bother you at all. Key Mindset Tip: Treat the risk as if it’s already a loss the moment you open the trade. For example, if you’ve risked 1% of your account, mentally prepare yourself for that 1% loss in advance. This reduces emotional stress and allows you to focus on the bigger picture. Let’s say your trade hits the stop-loss. Instead of reacting emotionally, remind yourself that you followed your plan, and the loss is just part of the process. 📈Scenario 2: The Price Moves in Your Favor Here’s where things get tricky. Without a clear plan for taking profits, you might: Close the trade too early with a low risk-to-reward (R/R) ratio. Hold onto the position too long, only to watch it reverse and hit your stop-loss. Why Having a Take-Profit Plan is Key: Planning your profit-taking strategy in advance is just as important as setting a stop-loss. If you fail to do so, emotions like greed or fear can lead to poor decisions. B. Psychological Tools for Better Trade Management 🧠 To execute your plan effectively, you need to address the psychological challenges that arise during trades. Here are some tips: 1. Accepting Losses as Part of the Game What to Do: Before entering a trade, ask yourself: “Am I okay with losing this amount?” If the answer is yes, proceed with the trade. If not, reduce your position size. Why It Helps: This mindset shifts your focus from fearing losses to executing your strategy. 2. Planning Profit-Taking in Advance What to Do: Decide on your take-profit levels before opening a position. For example, if your R/R is 1:2, set your profit target at 2R. Why It Helps: This eliminates emotional decision-making and ensures that you’re not tempted to exit too early or hold on too long. 3. Journaling Trades to Improve Performance What to Do: Use an Excel sheet or trading journal to track every position. Note the following: Entry and exit points. R/R and Win Rate. Psychological observations (e.g., emotions during the trade). Why It Helps: Reviewing your trades helps identify patterns. For instance, you may discover that exiting at R/R 2 consistently yields better results than holding for R/R 3. C. Personalizing Your Rules Every trader is different, so it’s essential to customize your trading plan based on your personality and market experience. Your rules should work for you, not against you.🎯 D. Understanding Cognitive Biases Psychological errors often sneak into trading decisions. Here are a few to watch for: 1.Confirmation Bias: Only seeking information that supports your trade idea, while ignoring contradictory signals. Solution: Stay objective and review all the data, not just what aligns with your view. 2.Loss Aversion: Closing winning trades too early because you’re afraid of losing profits. Solution: Stick to your planned take-profit levels. 3.❌FOMO (Fear of Missing Out): Jumping into trades impulsively or ignoring your plan because you’re afraid of missing a move. Solution: Always wait for your setup and trust your process. Managing a trade effectively requires a combination of strong planning and psychological readiness: Set Your Stop-Loss and Take-Profit Levels: Before opening a position, plan for both loss and profit scenarios. Prepare Your Mind for Losses: Accept the risk before entering the trade. Journaling is Key: Track and review your trades to find patterns and improve over time. Personalize Your Rules: Your trading style should match your personality and risk tolerance. 💬 What’s your approach to managing trades? Do you track your results in a journal? Share your thoughts in the comments below! I’m Skeptic , here to simplify trading and help you achieve mastery step by step. Let’s keep growing together!🤍

Education

Mastering 2025 in Trading: Dive into Psychological Preparation The year 2025 has well begun, and while many traders may have set goals and plans, the true challenge lies in executing them with consistency and mental clarity. The markets are already moving, and it’s crucial to recalibrate and solidify your psychological foundation to thrive this year. Let’s explore seven advanced strategies to mentally prime yourself for trading success, with actionable insights to implement immediately. ________________________________________ 1. Conduct a Comprehensive Annual Review Although the calendar has turned, reviewing your 2024 performance is still invaluable for shaping your 2025 approach. • Steps to Take: o Evaluate Performance: Analyze trades from 2024 to identify patterns, strengths, and areas needing improvement. Reflect on both technical execution and emotional responses. o Analyze Metrics: Beyond win rates, consider risk-reward ratios, maximum drawdowns, and adherence to your trading plan. Did you manage risk effectively? Were you disciplined in execution? o Adjust Accordingly: Use these insights to adapt your strategy. For instance, if you performed better in trending markets, focus on those setups this year. • Advanced Tip: Take note of how you handled different market conditions—such as high volatility versus range-bound markets—and create specific strategies for handling similar scenarios in 2025. ________________________________________ 2. Develop Mental Toughness The start of a new year often brings heightened emotions—excitement, pressure, or even lingering frustration from the previous year. Mental toughness is essential for maintaining discipline and objectivity. • Strategies for Resilience: o Daily Visualization: Spend five minutes each morning visualizing how you’ll respond to various scenarios (e.g., unexpected losses or sudden market spikes). o Emotion Tracking: Alongside your trading journal, log your emotions before, during, and after trades. This will reveal emotional triggers that may affect decision-making. • Advanced Tip: Practice reframing setbacks. Instead of viewing a loss as failure, see it as feedback. Develop a personal mantra, such as "Every trade is a lesson," to maintain a growth mindset. ________________________________________ 3. Establish a Pre-Trading Routine Consistency is key, and a structured pre-trading routine can help you start each session with focus and clarity. • Key Elements of an Advanced Routine: o Market Context Review: Assess broader market narratives, such as macroeconomic events, sector performance, or sentiment shifts, to understand the trading landscape. o Refinement of Strategy: Define specific setups you’re looking for and remind yourself of your risk parameters. o Mindfulness Practice: Spend five minutes meditating or practicing controlled breathing to center yourself before the trading session. • Advanced Tip: Include a quick "mental rehearsal" of your trading plan. Imagine executing trades calmly and sticking to your rules, even in volatile conditions. ________________________________________ 4. Set Specific, Measurable Goals With the year already started, it’s important to focus on actionable goals that emphasize process over outcomes. • Process-Oriented Goals: o Instead of vague profit targets (e.g., "earn 20% this year"), focus on measurable habits, such as "review every trade for compliance with my plan." o Break annual goals into quarterly, monthly, or weekly objectives to maintain momentum. • Advanced Tip: Use a habit tracker or performance dashboard to monitor your adherence to rules, emotional discipline, and progress toward milestones. Adjust goals based on your evolving performance. ________________________________________ 5. Create a Structured Trading Plan Your trading plan isn’t static—it should evolve as you gain insights and adapt to market conditions. Starting the year with a clear, structured plan is vital. • Enhancements for 2025: o Adapt to Volatility: Assess the first 20 days of trading this year to gauge volatility and adjust your risk parameters if needed. o Scenario Planning: Incorporate contingency plans for unexpected events, such as black swan market moves. • Advanced Tip: Review and tweak your trading plan bi-weekly during the first quarter to ensure it aligns with both market realities and your performance. ________________________________________ 6. Balance Information Intake In today’s information-rich world, traders must strike a balance between staying informed and avoiding information overload. • Steps to Filter Information: o Set Boundaries: Allocate specific times to consume news and stick to them. Avoid constant updates, which can lead to emotional decision-making. o Focus on Sources: Select a handful of reliable news outlets that align with your trading focus, and ignore sensationalist or irrelevant content. • Advanced Tip: Use AI tools or curated platforms to filter market-relevant data. For example, set alerts for key economic releases instead of scrolling through endless feeds. ________________________________________ 7. Embrace Continuous Learning The beginning of the year is the perfect time to commit to self-improvement, not just in strategy but also in trading psychology. • Actionable Learning Framework: o Daily Microlearning: Dedicate 10–15 minutes daily to reading, watching videos, or studying advanced topics such as behavioral finance or quantitative analysis. o Weekly Reflection: Use weekends to review your trading journal, analyze mistakes, and refine your approach. o Community Engagement: Participate in forums, webinars, or mentorship programs for shared insights and accountability. • Advanced Tip: Focus on specific weaknesses identified in your annual review. For example, if exiting trades too early was an issue in 2024, study advanced exit strategies and backtest them. ________________________________________ Conclusion The markets have already started testing traders in 2025, but it’s never too late to fortify your psychological and strategic foundation. By implementing these seven advanced techniques, you can navigate the challenges and seize the opportunities that the year presents. Remember, trading success is a marathon, not a sprint. Begin the year with a disciplined and resilient approach, and you’ll be well-positioned for sustainable growth. Here’s to a prosperous and fulfilling trading journey in 2025!

Education

Learn High Impact Fundamental News in GOLD XAUUSD Trading Before you open any trade on Gold, always check the economic calendar first. In this article, you will learn the best free economic calendar and high impact fundamental news that can influence Gold prices. I will teach the important actions to take and a trading strategy to follow both before and after news releases to improve your Gold trading strategy. Free Economic Calendar The economic calendar that I use for Gold trading is on Tradingview. The news that influence Gold prices are high impact US news. To display only such news, you should set the filters . You should click "Only High Importance" and in the list of countries choose only the United States. All 3 star US news may influence Gold prices dramatically. Real Impact In Gold trading, the release of high impact fundamental news is one of the major causes of trading positions being closed in a loss . Because such news may make the market completely irrational, increasing the volatility. Look how strongly Gold prices dropped, immediately after US personal spending news were posted. Remember, though, that there is no guarantee that Gold will react to this news. Quite often, the market will not be affected at all. The release of US GDP did not influence Gold at all and the market continued consolidating. Beware of False Signals In order to protect your trading account from unexpected losses, I recommend not opening any trading position 3 hours ahead of the news. Usually, during that period, the markets start slowing down , preparing for the news. Most of the breakouts, signals that you will see in such a period will be false . 3 hours before the US Durable Orders fundamental news, Gold broke and closed below a key daily horizontal support. From a technical analysis standpoint, it was a strong bearish signal. However, that signal was false, and the price went up rapidly after the news. Safest Strategy If you have an active trade, 10 minutes ahead of the release of the fundamentals, protect your position. Simply take a stop loss and move it to entry level. If the price rapidly reverses after a news release, you will close the position with a 0 loss. Here is a long trade on Gold that we took with my trading academy members. 10 minutes ahead of US unemployment data, we moved stop loss to entry level. Fundamental news made the market bearish, and the price went down. Our decision to protect a trading position helped us to avoid losses. Alternatively, you can close your active trade 10 minutes ahead of the news. Be Patient After the release of the news, I suggest waiting for the close of an hourly candle before you take any trade. With the first hourly candle close after the news, you will see how the market participants price in its impact, letting you make a better decision. That is how Gold reacted to US Inflation data. Any trade should be opened at least after the hourly candle close to let the market price in its real effect. These 3 simple rules will help you to cut losses cause by the fundamental news. Integrate them in your trading strategy to increase your profits. Never forget to monitor the economic calendar and good luck in your trading. ❤️Please, support my work with like, thank you!❤️

Education

by VasilyTrader

The Four Horsemen of Trading: Overcoming the Emotional Pitfalls Investing and trading are often viewed as purely logical activities. Many assume that success in the markets depends solely on mastering data, charts, and economic theories. However, the reality is that emotions frequently play an outsized role in influencing decisions, often to the detriment of traders. In his 1994 classic I nvest Like the Best, James O'Shaughnessy described the four common psychological pitfalls that derail investors: fear, greed, hope, and ignorance. These "Four Horsemen of the Investment Apocalypse" are as relevant today as ever, especially in the new market conditions and uncertanty. Let’s explore each of these emotional pitfalls in detail, understand their impact, and discuss strategies to overcome them. ________________________________________ 1. Fear: The Paralyzing Grip of Uncertainty Fear is perhaps the most immediate and visceral emotion traders experience. It manifests in two primary ways: the fear of losing money and the fear of missing out. Fear of Losing Money This fear often causes traders to exit positions prematurely, robbing them of potential profits. For instance, a trader may close a trade the moment it moves slightly against them, even if their analysis indicates a high likelihood of eventual success. This behavior stems from a deep-seated aversion to loss, amplified by the memory of past trading failures. Fear of Missing Out FOMO drives traders to enter markets impulsively, often at inopportune times. Seeing a rapid price increase can tempt traders to jump in without proper analysis, only to be caught in a reversal. How to Overcome Fear • Develop a Plan: A solid trading plan with predefined entry, exit, and stop-loss levels helps remove the uncertainty that fuels fear. • Focus on the Process: Shift your attention from individual trade outcomes to the consistency of following your strategy. • Accept Losses as Part of Trading: View losses as a natural and manageable aspect of trading rather than personal failures. ________________________________________ 2. Greed: The Endless Pursuit of More Greed is the counterbalance to fear. It drives traders to seek excessive gains, often at the expense of sound decision-making. Greed clouds judgment, leading to overleveraging, chasing unrealistic profits, and deviating from planned strategies. Examples of Greed in Trading • Moving profit targets further as a trade approaches them, hoping for larger gains. • Ignoring exit signals in anticipation of an extended rally, only to watch profits evaporate. • Taking on larger positions than risk management rules would typically allow, driven by overconfidence. How to Overcome Greed • Set Realistic Goals: Establish achievable profit targets based on market conditions and your trading strategy. • Stick to Risk Management Rules: Never risk more than a predetermined percentage of your trading account on a single trade. • Practice Gratitude: Recognize and appreciate the profits you’ve made instead of constantly chasing more. ________________________________________ 3. Hope: Holding Onto Losing Trades Hope is a double-edged sword in trading. While optimism can keep traders motivated, unchecked hope often leads to poor decisions. Traders driven by hope may hold onto losing positions far longer than they should, convinced that the market will eventually "come back." This refusal to cut losses can result in significant drawdowns. The Danger of Hope Hope clouds rational judgment. Instead of objectively assessing the market’s signals, hopeful traders anchor their decisions on a desired outcome. This emotional attachment to trades often leads to ignoring stop-loss levels or adding to losing positions, compounding the damage. How to Overcome Hope • Use Stop-Loss Orders: Always set stop-loss levels when entering a trade and stick to them without exception. • Detach Emotionally from Trades: View trades as probabilities, not certainties. Focus on long-term outcomes rather than individual results. • Review Performance Regularly: Regularly assess your trading performance to identify patterns of hopeful decision-making and correct them. ________________________________________ 4. Ignorance: Trading Without Knowledge Ignorance is the foundational pitfall that enables fear, greed, and hope to thrive. A lack of knowledge or preparation often leads traders to make uninformed decisions, increasing the likelihood of costly mistakes. Manifestations of Ignorance • Entering trades based on rumors or tips without independent analysis. • Failing to understand market dynamics, such as how economic events impact prices. • Overestimating the predictive power of a single indicator or strategy without considering the broader context. How to Overcome Ignorance • Invest in Education: Learn about trading strategies, technical analysis, risk management, and market fundamentals. • Stay Informed: Keep up with economic news, market trends, and industry developments. • Practice in Simulated Environments: Use demo accounts to refine your strategies and gain experience before risking real capital. ________________________________________ Combating the Four Horsemen: A Holistic Approach To succeed in trading, you must address all four horsemen simultaneously. Here’s a comprehensive strategy to help you stay disciplined: 1. Create a Detailed Trading Plan: A well-thought-out plan acts as a roadmap, reducing the influence of emotional decisions. 2. Implement Strict Risk Management: Set clear rules for position sizing, stop-loss levels, and profit targets to minimize the impact of fear and greed. 3. Keep a Trading Journal: Record every trade, including the rationale behind it, the emotions you felt, and the outcome. Reviewing this journal helps you identify and correct emotional patterns. 4. Develop Emotional Awareness: Practice mindfulness to recognize when emotions are influencing your decisions, and take a step back when necessary. 5. Seek Continuous Improvement: Trading is a skill that requires ongoing refinement. Stay curious, learn from your mistakes, and adapt to changing market conditions. ________________________________________ Final Thoughts The Four Horsemen—fear, greed, hope, and ignorance—are ever-present challenges for traders. By recognizing these emotional pitfalls and implementing strategies to mitigate their impact, you can make more disciplined and objective decisions. Success in trading is not just about mastering the markets; it’s about mastering yourself. Approach each trade with preparation, detachment, and a commitment to continuous learning, and you’ll be well on your way to conquering these formidable adversaries.

Education

Top 5 Tips to Increase Your Profits in Trading In this educational article, I will share with you very useful tips how to improve your profitability in trading the financial markets. 1. Decrease the number of financial instruments in your watch list. ⬇️ Remember that each individual instrument in your watch list requires attention. The more of them you monitor on a daily basics, the harder it is to keep focus on them. In order to not miss early confirmation signals and triggers, it is highly recommendable to reduce the size of your watch list and pay closer attention to the remaining instruments. 2. Avoid taking too many positions. ❌ For some reason, newbie traders are convinced that they should constantly trade and keep many trading positions. Firstly, I want to remind you that the management of an active position is a quite tedious process that requires time and attention. Therefore, more positions are opened, more time and effort is required. Secondly, if the newbies can not spot a good setup, they assume that they are obliged to open some positions and they start forcing the setups. Remember, that in trading, the quality of the trading setup beats the quantity. I advise taking less trades, but the better ones. 3. Let winners run if the market is going in the desired direction. 📈 Once you caught a good trade and the market is moving where you predicted, do not let your emotions close the trade preliminary. Try to get maximum from your trade, closing that only after the desired level is reached. 4. Open a trade after multiple confirmations.✅ Analyzing a certain setup remember, that more confirmations you spot, higher is the accuracy of the trade that you take. In order to increase your win rate, it is recommendable to wait for at least 2 confirmations. 5. Don't trade on your cellphone. 📱 A good trade always requires a sophisticated analysis that is impossible to execute on the small screen of the cellphone. A lot of elements and nuances simply will not be noticed. For that reason, trade only from a computer with a wide screen. Relying on these tips, you will substantially increase your profits. Take them into the consideration and good luck to you in your trading journey. ❤️Please, support my work with like, thank you!❤️

Education

by VasilyTrader

Lucky vs. Repeatability: A Key Insight for Smarter Trading Trading is a journey, one filled with highs, lows, and a constant drive to improve. Recently, I came across an idea on Podcast that truly resonated with me: the concept of luck versus repeatability. This distinction is critical—it’s the difference between chasing short-term gains that may never happen again and developing a strategy that can deliver consistent results over time. Let me explain. The Role of Luck: Lessons from the 2017 ICO Boom Think back to 2017, the golden age of initial coin offerings (ICOs). When a new crypto token launched, there was a rush to buy it, often driving the price up by 10x, 50x, or even 100x in a matter of days. For many, this was a once-in-a-lifetime opportunity to turn small investments into life-changing wealth. But what happened next? That strategy no longer works today. The sheer number of tokens being created—thousands daily—means money is now spread too thin for any single token to experience those explosive gains. What worked in 2017 relied on luck, not on a repeatable edge in the market. Luck is a fascinating aspect of trading. It can make you rich once, but without the skills to preserve and grow that wealth, it often fades away as quickly as it appeared. Repeatability: Why Market Cycles Matter Now let’s contrast this with something far more enduring: market cycles. Markets have always oscillated between fear and greed. During times of greed, prices often surge beyond their intrinsic value. Conversely, fear can drive prices below their true value. These cycles aren’t random—they’re rooted in human psychology and have been evident for decades. For example, during bull markets, optimism often pushes valuations to unsustainable levels. Then, a sudden shock—be it economic, political, or otherwise—triggers a wave of fear, and the cycle reverses. This ebb and flow have happened in the past, and will likely continue into the future. This is what makes market cycles repeatable. Unlike luck, which depends on being in the right place at the right time, repeatability allows you to build a foundation for sustainable success. Compounding: The Key to Long-Term Growth Once you adopt a repeatable trading strategy, you unlock the power of compounding. Even with a modest starting capital, consistent returns can lead to significant growth over time. The beauty of compounding lies in its exponential nature—small gains, when reinvested, can snowball into substantial wealth. This doesn’t happen overnight, but that’s the point. Repeatable strategies thrive on patience and discipline, allowing you to grow your account steadily and responsibly. A Common Mistake in Pullback Trading Let’s take a practical example: pullback trading. Many traders focus on waiting for the price to re-test a key level, like previous resistance that could turn into support. While this approach makes sense in theory, the market doesn’t always play by the rules. Prices often fail to re-test those levels, continuing their move without offering the ideal entry point. The solution? Plan for multiple scenarios. Understand that pullbacks can vary in depth and structure, and be prepared to adapt. Flexibility is key when applying any repeatable strategy. A Thought to Keep in Mind One of the most liberating truths about trading is this: the market doesn’t care about you. It doesn’t know your goals, your dreams, or your trades. Losses aren’t personal—they’re just part of the game. The real question is how you respond to them. Each loss is an opportunity to reflect, learn, and refine your approach. Over time, this process turns a good strategy into a great one. Final Thoughts As traders, we’re constantly faced with choices. Should we chase the next big thing, hoping for a stroke of luck? Or should we focus on developing strategies grounded in repeatable principles? For me, the answer is clear. While luck may occasionally play a role, it’s the repeatable strategies—those built on solid foundations—that lead to lasting success. The next time you evaluate a trading approach, ask yourself: Is this lucky, or is it repeatable? The answer might just reshape the way you trade.

Education

THE TYPICAL WEEK OF A FULL-TIME TRADER In this educational article, I will teach you how to properly plan your trading week. And how a week of a full-time trader looks. Sunday. While the markets are closed , it is the best moment to prepare the charts for next week. First of all, charts should be cleaned after the previous trading week: multiple setups and patterns become invalid or simply lose their significance and their stay on the charts will only distract. Secondly, key levels: support and resistance, supply and demand zones and trend lines should be updated. Similarly to patterns, some key levels become invalid after a previous week, for that reason, structures should be reviewed . Monday. Analyze the market opening, go through your watch list and check the reaction of the markets. Flag / mark the trading instruments that you should pay a close attention to. Set alerts and look for trading setups. Tuesday. Wednesday. Thursday. If you opened a trading position, keep managing that. Pay attention to your active trades, go through your watch list and monitor new trading setups. Friday. Assess the entire trading week. Check the end result, journal your winning and losing trades. Work on mistakes. Decide whether to keep holding the active position over the weekend or look for a way to exit the market before it closes. Saturday . Stay away from the charts. Meditate, relax and chill while the markets are closed. Trading for more than 9-years, I found that such a plan is the optimal for successful full-time / part-time trading. Try to follow this schedule and let me know if it is convenient for you. ❤️Please, support my work with like, thank you!❤️

Education

by VasilyTrader

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