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Tradingpsicologia

A Good Trader?It's fascinating to hear about your journey as a content creator and now as a trader. It seems like you have a strong understanding of personal finance and the importance of stability in achieving your goals. Building a stable income and meeting your basic needs is indeed crucial before diving into trading full-time. - You make an important point about the misconception many beginners have regarding trading, expecting high returns and win rates right from the start. It's essential to have realistic expectations and focus on consistent progress rather than aiming for extraordinary gains immediately. - Understanding the role of capital is also significant. While a smaller account may require higher returns to meet income goals, there are options like prop firms that allow for more substantial capital and lower return targets. Managing risk and being consistent are key factors in trading success. - You emphasize the importance of continuous learning and improvement, which is an excellent mindset to have. Learning from failures and applying those lessons to other areas of life can lead to personal growth and development. - You also touch on the significance of personal finance in trading. Getting your personal finance in order, paying off debts, ensuring consistent cash flow, and having savings are crucial steps before embarking on a trading journey. - Achieving consistency in trading takes time and effort, and it's encouraging to hear that you have made progress in that regard. It's great that you focus on risk management, trade management, and trade psychology, as these are all fundamental aspects of successful trading. Overall, your journey and insights provide valuable lessons for aspiring traders. It's important to approach trading with a realistic mindset, prioritize personal finance, and continuously strive for improvement. Thank you for sharing your experiences, and I wish you continued success on your trading journey.
AMEX:SPY
by A1TradingHub
How to achieve profits by managing emotions?Market fluctuations are often a direct reflection of the emotions of market participants. Managing and controlling emotions is essential for successful trading. If you cannot control your emotions, you will suffer from impulsive emotional behavior and make bad decisions, which will harm your trading performance. Negative emotions such as fear, hatred, anger, greed, jealousy, pessimism, and despair can lead to negative consequences for traders. Traders who have negative emotions may lack the ability to leave positions, refuse to accept reality, and blame others, resulting in selling positions only after a long period of price declines, missing the best buying points, and selling too early. Negative traders may also regard failure as a negative, significant, and final result, attributing losses to their own shortcomings or negligence. Everyone experiences various emotions, but people with high emotional intelligence can better manage their negative emotions and vent them appropriately. Emotional control skills can be developed through practice, but it is important to note that this process is a long-term and systematic one. Traders must be psychologically prepared for this. Therefore, no matter what happens, you must control your impulsive emotions. Take a deep breath for 10 seconds, then choose the best course of action. This often leads to more rational and correct decisions. Do not make decisions when impulsive, and do not make promises when excited. By managing your emotions, you gain control over your life. There are various emotions in life, and you must learn to manage and control them. Do not be a slave to your emotions. Manage your negative emotions and cleverly transfer them . Similarly, controlling emotions in life determines emotional control in trading. The three stages of emotional failure leading to trading losses are: 1) being careless before unexpected events occur; 2) being panicked after unexpected events occur; 3) being eager to make up losses after suffering losses. The solutions are as follows: Always respect the market and trade with caution. Approach the market with a trembling, cautious attitude. Once you suffer losses, do not panic. Stop trading temporarily, find the cause, identify the problems, and improve your system. Impatience is the biggest reason for traders' losses. Heavy positions are impatience, opening and closing positions without signals is impatience, frequent trading is impatience, adding positions is impatience, which is essentially greed, wanting to make money quickly. Be patient, make calm decisions, and the market will reward you.
INDEX:BTCUSDEducation
by triumphing
Human weaknesses that need to be overcome in the trading process Fear of missing out Before entering the market, you may have a bullish or bearish view and enter accordingly. Once you have a position, you are constantly concerned with the fluctuations of your account funds, tormented by various temptations, fears, greed, persistence, hope, and emotions influenced by these changes, and ignoring the market itself. This greatly interferes with normal thinking and judgment. Whether it's a long or short position, whether it's a profit or loss, as long as small gains and losses are within an acceptable range, one should beware of large losses. Traders should focus on the correctness of the process and be content with the results as they come. If you think about the results in advance, it will disturb the entire trading process and result in losses every time. The human mind always jumps ahead to imagine unrealistic outcomes and ignores what is actually happening in the present. This is a big mistake in our lives. These are the causes of fear or greed, which can lead to traders regretting after placing an order or closing a position, causing hesitation and indecision. The reason for this is that there is no effective trading system, causing traders to lack confidence in any aspect of the trading process. Confronting the market Traders must first understand that the market does not shift according to human will. The education we have received since childhood is based on competition, such as overcoming various obstacles and fighting difficulties. This consciousness has deeply rooted itself in the hearts of traders. In fact, when traders enter the market, they still carry this mentality. Often, some elites from various industries come to the market and suffer failures, and even more thoroughly than ordinary people. This is because successful people in other industries have a strong sense of self and do not believe they will fail. They are also unwilling to accept their own failures. Their success makes their personalities become very tough, so when the market turns against them, they do not know how to yield and compromise, but adopt a confrontational attitude until they are destroyed. People in life tend to defend their views to some extent, unwilling to admit their judgment errors. Therefore, regardless of whether a person is right or wrong, they will stick to their attitude to the end. What they defend is not the truth, but their self. This inherent nature of struggle and the attitude of not wanting to yield or give up self is the biggest obstacle in trading. Holding positions, not setting stop losses, and not admitting mistakes can eventually result in large losses or even liquidation. The pursuit of perfection The pursuit of perfection is a very greedy and extreme mentality. Because of this pursuit, it does not allow any flaws, cannot bear even very small losses, and it is difficult to execute a stop loss when necessary, and wants more profit when it is time to close a profitable position. Because of this pursuit, a person tries to capture every movement and does not want to miss any market situation. Everyone has their own limitations and areas in which they are not good at. The pursuit of perfection can easily lead to frequent and impulsive trading. To be continued...
INDEX:BTCUSDEducation
by triumphing
3
How to survive in the market for the long-term? In the market, regret is a frequent word. Many people face the complex investment market and often feel fear, hesitation, and regret, whether it's before buying, after buying, after selling, or just watching without buying. How to avoid this phenomenon? The fear, hesitation, and regret are largely due to not knowing how to manage positions and follow the crowd. Often pursuing high probability profits results in the opposite. Risk management is an unavoidable issue when it comes to this. Whether you are a financial master or an individual investor, the importance of risk management is paramount. To relax and operate in the market, you need to face your current situation, make correct judgments on the profit and loss ratio, determine your operating frequency and position management, and give yourself correct psychological guidance. Everyone's personality is different, and their risk tolerance and trading styles are also different. There is no strategy that is 100% accurate, but if you want to survive in the market for a long time, you need to control risk. Don't be afraid of losses. Losses are inevitable, but the key is how much loss you can tolerate. This is the core of risk management. For small losses, we need to prepare ourselves psychologically. This is a link in risk management. Don't rely on luck. The losses brought about by a lucky mentality are incalculable. About 70% of the time in market fluctuations is in oscillation, and only about 30% of the time is in a unilateral surge or decline. Therefore, accumulating small victories is the magic weapon for long-term success. Always wanting to go all-in and make a big move at once may result in missed profits due to not exiting in time. No matter what state you are in now, I hope I can bring you a little bit of help!
INDEX:BTCUSDEducation
by triumphing
Higher Rewards For Less RiskI've changed my reward-to-risk ratio from 1:1 to 2:1. You heard me right! They have changed. I wasn't a stickler about my ratios, but I am now. I want to make more money and do less trading. How is this possible, you may be asking? It's simple when you look into the details. So let's take a look at the losses first. What do my losses look like? Each time I lose a trade, I recently exited a previous winner or wasn't in a trade on that currency pair before I lost. Let me explain because these are two different things. When I win a trade, I give back my profits on losing trades and may not enter the next trade due to my emotions being everywhere. I noticed that I was stopped out, and the price flowed my way. But, honestly, I can do nothing to prevent this from happening. You may say, "well, can't you change your stop loss?" I could, but to what? I never know when I'll be stopped out or how big the wicks will be to get me out of the trade. This means every trade is unique, and I'm making a mistake if I don't follow my rules. Being stopped out isn't the problem. Trading my system too much with almost the same reward to risk is the problem. Question to myself, what if you could hold the trade longer(I'm a swing trader, so this fits) and increase your reward significantly, so you don't have to keep entering multiple trades unless the reward was worth it? So now, if I am stopped, my winning trades will make up for my losses and more. What do my winning trades look like? My winning trades look more significant than my losses. My focus is and will always be higher timeframes. I like to trade when markets are trending. So per the daily, weekly, or monthly timeframe, I'm trading if my currency pairs are trending. My goal is to get the best entry that fits my rules and hold to my long-term targets, and any trade under a 2:1 reward-to-risk ratio will not be traded. I'm also ok with not being triggered into trades set by my pending orders. I'm also ok with losing trades. That's part of the business. In Summary I seek to hold trades longer to receive bigger rewards and let the small losses be small. I've not changed my trading strategy. It works, and I am working on it. We go well together. My belief is as long as the market is trending, I can hold my trade. I pray this blessed you, Shaquan Remember, you don't trade the markets. You trade what you believe about the markets. "Van Tharp"
Education
by ShaquanLopez
Traders balance between intellect and emotionsHow can traders create a balance between intellect and emotion? In trading, rationality and passion are two sides of the same coin. Rationality helps us make educated and reasonable trading decisions, but unbridled emotions may be harmful. How do traders strike a balance between these two factors? - Understand your emotions and their influence on your trading is the first step. For instance, if you experience panic when you lose, you may terminate the deal early than necessary. If you are excited about winning, you may hang onto a position longer than required. Understanding your emotions and their influence on your trade can enable you to exert greater control over them. - Create a trading strategy based on facts and data, not on your emotions. This will assist you in making more educated trading selections and avoiding emotional mistakes. Create a risk management compliance system that will assist you in minimizing losses and maximizing profits. - Practice yoga and meditation to enhance your emotional control. This can help you become calmer and more concentrated, which will allow you to make better trading judgments. - In conclusion, the equilibrium between intellect and emotion in trading is crucial for success. By understanding your emotions, adopting a sensible trading plan, and practicing strategies for emotion regulation, you may reach incredible harmony and balance, as well as make better educated trading judgments. Throughout the trading process, you must practice and continually evaluate your psychological condition. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
How to achieve any goal in 2023?First you need to clearly define your goal, for this we use this simple tips Technique that helps you better define and achieve goals. Goals formulated using this technique are usually more realistic and achievable. S - Specific (specific) The goal should be well defined and specific. M - Measurable It should be possible to determine if the goal has been achieved. A - Attainable The goal should be realistic and achievable, despite the possible difficulties. R - Relevant (actual) The goal should be related to your actions and goals. T - Time-bound (limited in time) The goal must have a specific deadline. Goal setting example: - Specifically: Increase the average monthly profit - Not specifically: Earn more – Measurable: Increase monthly profit by 10% - Immeasurable: Increase profits – Achievable: Increase monthly profit by 10% - Unattainable: Increase profits by 300% — Actual: Increase the average monthly profit by 10% from trading - Not relevant: Increase the average monthly profit by 10% (in some other business) - Limited: Increase your average monthly profit by 10% in 3 months. Result: Increase the average monthly profit from trading by 10% in 3 months. Once we have set a goal, now we need to sketch out a rough list of how we can do this. 1. Determine the current level of trading skills through a self-assessment and determine the necessary improvements. 2. Study various trading strategies and choose the one that suits you best. 3. Create a realistic trading plan by defining goals and risks for each trading day. 4. Open a demo account and start trading strictly following the created trading plan. 5. Gradually increase the amount of trading sessions and risks, observing the principles of rational risk management. 6. Open a real trading account after successful completion of trading on a demo account. 7. Continue to trade, strictly following the created trading plan and the principles of rational risk management. 8. Study, read books, take courses, constantly improve your skills 9. Regularly analyze your trades to improve your trading strategy and increase efficiency. Once the list is ready, now you need to break it and your goal into smaller goals and set them every week. For example: Goal for the week, read 1 book, master 1 new strategy, make 10 trades on a demo account. Finally, you need to break each of these goals into daily goals. Set them for a day and just like a robot go to fulfill them without hesitation. For example: Goal for Monday, read 20 pages of a book, watch 1 webinar, make 2 trades on the strategy. And finally, every week you track and adjust your progress as needed. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
Why do you need trading plan? If you make a mistake while trading on the market, you will be punished very quickly. The market doesn't like mistakes or carelessness, so the price will be a minus from your DEPO. This is just how things work. Because of this, planning is an important part of successful trading and not just a feature of an option that doesn't help you reach your goals. Today, we'll talk about what a trading plan should look like and lay out a clear set of rules that a trader can rely on in his work, no matter what the market is like, how long the investments are, or how much money they have to invest. If you don't have a plan, you're setting yourself up to fail. Remember this simple rule and stop trading based on how you feel. The market is not the place to make hasty decisions. If you have a clear trading plan that includes all possible ways to respond to changes in the market, you won't doubt the rightness of your trading decisions, and you'll be much less likely to make emotional trades that hurt your trading account. A trading plan and a trading diary will help you become a more disciplined trader and use your time, money, and nerve cells more wisely. In trading, what is a trading plan? If a trader doesn't have a plan for how to trade, he or she is likely to lose money in the market over time. As a broker, I have seen dozens of examples of this rule being true. This was also clear when I opened my first trading accounts. Most traders who consistently lose money on the financial markets do not have a trading plan. They open and close trades on a whim, or if they do have a plan, they ignore it when it would be best to follow it. Keep in mind that one of the hardest things about this kind of business is to stick to a trading plan. Just ignoring it once is enough to erase the trading results from the last few weeks or months. Trading is based on discipline, but it won't make sense if you don't have a clear plan of what can and can't be done. In trading, what is a trading plan? There must be at least five parts to a trading plan. Also, each of them could be a possible answer to the question: Can you trade on the market right now? Which way should you trade? (if it's a directed trade) How to figure out the right time to enter the market? How to define the goal and limit the risks? How to figure out the best size for a position? This is the "skeleton" of a trading plan. Each part needs to be written in detail on its own, based on the trading method, risk tolerance, and details of the markets being traded. Not every part of a trading plan is as important as the other parts. Some of them need to be changed to fit your trading style (Points 1, 2, and 3),while others should never be ignored or changed in a big way, or trading on this account will end very quickly and tragically (Points 4 and 5). To sum up what has been said, the following can be said: In the trading plan, you should list all the ways you could react to a change in the market. If this happens, you won't have to worry about "force majeure" anymore. Sharp market movements and losing trades will definitely happen, but the risk of negative trends will be taken into account in the trading plan and will not be able to cause a trading account default. Most of the time, the market is just like any other place. And if a trader loses money because the market went up or down by 5–10%, the problem is probably with the trader's plan and the fact that he or she didn't follow money and risk management rules, not because a Fed official said something. The most important thing for new traders is to learn how to work with a trading plan and risks. They shouldn't think about how easy it is to get into the market, how many Xs they can have, or how carefree their life could be. You can only stay in the market and start to fully grow and develop as a trader if you stop making rash decisions that cost you your deposit. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
Expectations and TradingExpectations and Trading When you trade, you look at chances that either come true or don't. You can't expect or demand anything from the market or from other people who take part in the market. No one owes anyone anything in this world, and trading is no different. In trading, you have complete freedom of expression; you can do almost anything and however you want. This freedom will show you how irrational people are and how they can't just control their thoughts, feelings, and actions. All traders lose money because they take too many risks and don't have enough self-control. How long does it take for a trader to lose control of himself? A feeling of being left out It all starts with the idea that money has been lost. This feeling is exactly what makes people want to take more risks. You open the chart and see that the price of your favorite asset has been going up for more than a day. Then you start thinking about how much you could make and where you could spend that money. This makes you want to buy an asset with a larger volume so you can make more money. You make a trade that is set up to have the best possible outcome, but you have no idea or acceptance of the possible consequences. Revaluation Take a look at what you have done so far. Are you ready to put everything on the line? If the answer is no, you should ask yourself, "Why do I want to put everything I have at risk?" Most likely, you feel this way because you want to make a big change in your life. But do you really know what's at stake? "Filter of perception" or what are the risks of expectations? What happens after you have set up the expectation that the trade will go well for you? When you go into a trade with more money than you need, you somehow set yourself up for a good result. Your mind starts to ignore information and signals from the market that don't fit with what you already think, as if you were wearing blinders. You won't know for sure how this filter works until you close the deal and stop having false hopes. Is trading something that everyone can do? Trading is not something that everyone should do. To get good at this craft, you have to work on yourself all the time, get over your emotions, control your thoughts, and question your own decisions while always following the rules. Don't give up on trading if you think it's not for you. You can be successful if you only do what you really want and work to improve yourself and show off your inner potential. What is it to trade? Trading is a game of chances, and you should have the right mindset for it. You shouldn't feel bad when a stop loss happens, because if you use a method that has a certain chance of working, you know that in the end, you'll still have made money. It's just a matter of time. You can survive and put off the so-called "trader's cycle" only if the trading process makes you feel good. System trading System trading means that you only make a trade under a certain set of rules. Your system could include chart patterns, candlestick formations, indicators, a certain astrological date, and more. No matter what, it's important that the chance of success and the risk vs. reward are both high. As soon as you make your own trading system, start keeping a trade diary, write down the rules of your trade, and answer when you enter a trade, you will be in the big leagues of traders, and nothing can stop you from making money on the market. If you stick to your own rules, you'll be happy with both your take profit and your stop loss, knowing that you did things in a planned way. It is not your fault that the stop loss worked or your credit that you got a take profit. Worry and concern Before making deals, many traders are afraid and have doubts. These feelings are bad for you, so don't give in to them. They will only get in the way. You might be scared to open trades because the amount of money you risk in each trade is too high. Let's draw an analogy. You and a friend make a bet on the flip of a coin. The coin is strange, so it comes up heads 70% of the time. If it comes up heads at least once, you lose. If it comes up heads twice in a row, you win. Can it happen that heads come up twice in a row by accident? What's four? Yes, it sure can! Your task is in increasing the number of coin flips to win the bet as often as possible over time. The same is true of the business you do. When you act in a systematic way on the market, you might get four stop losses in a row. But at the same time, you shouldn't lose a lot of money that will change the way you live. One to two percent of your capital is the best amount to put at risk in a single trade. Getting a stop loss only won't throw you off your emotional balance and let you fall into the "trader's cycle" if you have so much used volume. If you don't think this is enough, ask yourself, "Is the goal of your trading to try to increase the size of your capital no matter what, or to keep it and grow it?" How often you trade ? Overtrading, which leads to "trading burnout," is not a small mistake made by new traders. Your job is to wait in a humble way for a new system to set up on the chart. You don't have to look at the chart every ten minutes. Instead, decide on your own what timeframes you will use to trade, and keep in mind that the longer the timeframe, the more reliable the signal. Take profits and stop losses in a row The most important thing to remember is that you must keep acting according to your trading system, no matter how many stop losses you get in a row, and you must keep not acting against your trading system, no matter how many take profits you get in a row. The market can be irrational, and technical analysis may stop working at those times, but that doesn't matter. What matters is whether you are acting in a systematic way and whether you are in control at this moment. We can get several stop losses in a row if we only follow our trading system, but we don't have to worry about losing a lot of money or feeling bad about ourselves because we know that over the course of a few years, we are statistically certain to succeed if we trade on system entry points that have a 70% chance of working out and a ratio of possible profits to possible losses of at least 2:1, which guarantees us a profit even if we lose. Conclusion Real traders trade probabilities based on market signals in the moment instead of building expectations, because they know that expectations lead to unfulfilled expectations and missed opportunities. You can only make money with a system, self-control, and time.
BITSTAMP:BTCUSDEducation
by Crypto4light
2
If you lost deposit...COINBASE:BTCUSD Who is at fault? Let's start by acknowledging that we shall identify who is to blame for the irreversible. Who exactly is at fault for the money you lost? A market that is unprofitable? A market maker seeking increased compensation? A deceiver who desires to put everyone out of business? A signalman looking to overcharge for his signaled closed channel? Children who find it difficult to focus? Always a troublesome partner? No, you alone are at fault. You initiated the deal with your own two hands, which resulted in the destruction of everything. Nobody else compelled you to risk everything. Realizing this should cause you to cease blaming others for the results of your own behavior. It gets worse when you realize that your actions caused the money to be lost; it consumes you internally and prevents you from thinking clearly. You shouldn't worry, though, because life continues on. regain your composure. Errors are acceptable Each of us has the right to make errors because we are all human. Making mistakes is a necessary part of learning because otherwise, how would we know what is worthwhile and what is not? Just understand that mistakes are a necessary part of our journey and give yourself permission to make them. We learn from our failures and gain priceless experience that helps us reach higher heights. There are numerous examples of people who went completely bankrupt making a comeback among the Forbes list participants, using the priceless expertise they received as a result of their past errors to increase their earnings, accelerate their business growth, and improve as entrepreneurs. We all know all this famous success stories so the same is true with traders. How did Jesse Livermore come to be the subject of the memoir "Memoirs of a Stock Operator"? He completely lost all of his money and occasionally had to start again from nothing. He persisted and saw the setbacks as vital lessons that he could use to his advantage to eventually succeed. Work on your flaws Work diligently to correct your errors, consider your past, and determine what caused you to fail. What were you going through right when it all started? What feelings did you experience? What were you contemplating? What did they desire? You work Will you be able to make regular long-term gains with your current trading approach and mindset? Study technical analysis, system trading, money management techniques, trader psychology, and all that comes after if the answer is no. You can only succeed with system trading, restraint, and patience. Find someone whose primary source of money is trading, who is knowledgeable about the aforementioned, and trade with him if you don't have the willingness or time to do all of this and trading is your secondary source of revenue. However, when looking for someone like this, exercise extreme caution and thoroughly research his prior experiences. Are you plagued by the thought of wondering why, after earning a sizable sum for themselves, they didn't remove money from the market? Did you have any objectives or was money your main concern? Unless, of course, you are a fan of waste paper, money cannot be an end in itself; it can only be a means for achieving goals. It is not unexpected that you did not withdraw money if your aim was an illogical abstraction, such as a "abstract house," "abstract automobile," "abstract journey," and so forth. Change of direction You must express the objective clearly in order to succeed: The statement "I want to buy a good apartment" will not be effective, but the statement "I will purchase an apartment with panoramic windows in Paris, will be effective. If you don't know why you need money, trading will become for you a toy that rapidly becomes boring and destroys your life. But keep in mind that the objectives should be realistic and truly vital for you. This strategy will enable you to consistently take winnings from your trading account, set aside money for your objectives, and enhance the quality of your life. Enjoy yourself Don't go overboard a while frequently withdrawing money from a trading account. Make sure to spend at least a little money on your family and friends. You will thus be able to envision the outcome, feel inspired, and replenish your mental resources, which you can then use to make money. Put your affairs in order. You should bring yourself into balance after addressing the errors. Take care of your personal affairs, devote time to loved ones, your health, your children, pursue self-education, and relax in order to do this. Money and fresh ideas will undoubtedly come to you, and you'll discover a way out of the predicament. Life continues; it has not ended. You have a roof over your head, pleasant living conditions, food, water, good health, close friends, and many other things that you take for granted. Trust me, your life is someone's dream. Remember that many people do not have access to all of this, so be grateful for what you do have and enjoy life; everything else is just a minor annoyance. For your own benefit Due to the harsh circumstances, you will begin to see opportunities that you previously missed because of your comfortable lifestyle. However, your perspective will change totally as a result of these extreme circumstances. You now have experience, something most people do not. Your own success formula must include experience. He is the one who will keep you from making snap decisions and assist you in working through a challenging circumstance. "People become weak in good times. Poor people create poor times. People become resilient under tough times. Good times are made by strong individuals." The more challenging and challenging it is for you, the more probable it is that you will succeed if you manage. "A person wins internal victories during a tough time, and external victories during a prosperous time." Success, wealth, and acclaim will come to those who are diligently working on developing their character without giving in to hopelessness and despair. If you look around, you'll observe that most individuals behave in the exact opposite way during difficult times: Such people start to look for someone to blame for their difficulties when they become depressed, start drinking, and moan to everyone around them. This is due of their moral weakness, and they blame the government, presidents, officials, bankers, family, and friends. The victim's position entirely negates a person's advancement and ends his accomplishment. A person who is upset by fate criticizes more successful and strong people rather than making changes in his life and improving himself. ✅Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
COINBASE:BTCUSDEducation
by Crypto4light
How to deal with stress in crypto trading?How to deal with stress in crypto trading? How stress can manifest itself in trading? Losses. Losses come from ignorance or inexperience. In general, they will always be, this is part of our work. But their number can be reduced. Accordingly, no matter how paradoxical it may sound,you don't need to fight with your stress, it must be experienced and get out of this situation with dignity. Not only that, stress can be a catalyst for more productive activities. First, identify the source of your stress. If it's a family affair, then spend less time trading and more family time. If you are overcome by stops, then you should move away from practice to theory and devote more time to backtesting and analyzing trades. If you are stressed by ignorance, it is accordingly better to repeat the material covered. If you do not have time to do anything, write down all your actions during the day during the week. And write down what you can get rid of to free up these necessary minutes. You need to constantly work on yourself. Analyzing errors and drawing conclusions. This applies not only to trading, but in general to all aspects of your life. How to deal with failures? First of all, do not believe all crypto bloggers who post only successful transactions. 90% of them have been in losses for a long time and never show their unsuccessful liquidations. And if you look at their leverages with which they enter into trades, it is not hard to understand that these are not traders, but gamblers. Don't compare yourself to others, everyone has good days and bad days. It is important to understand that trading is working with probabilities. No one knows how your area of ​​interest will work, no one knows where the chart will go tomorrow, no one even has a clue how much the asset will cost in a year. There are only probabilities of working out certain tools. So you need to change your attitude towards failure. This deal didn't go through? It's not scary, the next one will come in, or not the next one, but the tenth one. Doesn't matter. If you analyze your failures, and circumstances beyond your control are often to blame for the losses, then you should not worry. Because maybe the next deal will be the one you've been waiting for. If you got a stop just because Elon Musk tweeted something there, that's one thing. If the stop was received because the trend was not correctly identified, this is completely different. Failure is like stress, you don't have to deal with it. You will lose. You just need to draw conclusions. Perhaps the following will help some of you: try to change the initial attitude towards your deposit. It's your tool, nothing more. I would also like to add: Do not trade $ - trade%. Your deposit is 100% and only, no matter how much it is in $, it is important only by how much% it increases monthly. If you get used to this simple rule initially, further improvement in your life and finances will not be long in coming. How to take a break from trading? Rest is important no less than anything else, how you spend it, you decide for yourself. I would like to tell you when to take a break for a while. 1) Several stops in a row. Sure it depends on your trading style. For example, you lose 3% within a day, then you should turn of you laptop and dont check charts today. Do not try to recoup losses! Its a gambling. Have you reached a breaking point? Turned off, spent time with family, go to the gym, just relax. Understand that the market is not going anywhere, it will be tomorrow, after tomorrow and even after 5 years, the market will always be there as long as humanity is alive. 2) Profitable trades. It is also worth always taking a break, either after a big profit trade or after a series of successful trades. Why? Because you are filled with euphoria, and you start thinking you are a superhero, super guru, and its can play in one big loses when you start play with bigger deposits without stops. Everything is going well? Well, that's great, take the money you earn, spend it on yourself, make a gift for yourself or your loved ones. You just need to do it, you must feel what you earn. While the money is on the exchange, it is 100%, as soon as you withdraw funds from the exchange, it is already $. You can't earn all the money in the world. Yes, and it doesn't make any sense. Trading can give you the most important thing - freedom. Freedom in finances, freedom not to depend on the place of work, freedom to manage your own time. BUT! Only when you can accept this freedom. If you sit at the computer for days, always trying to increase your deposit with thoughts: “I’ll have $ 100,000 then I’ll have a rest”, deny yourself pleasures: “I’d better buy a coin with this money and it will grow”, etc. In this case, you yourself deprive yourself of freedom and become a prisoner of this squirrel wheel. In the end, you will simply stop enjoying trading. Our brain already remembers more negative than positive, that's how we are arranged. And if you live only on the exchange, you will inevitably remember only the negative from trading - your losses. Come to harmony between work and rest, then you will feel the pleasure of the process. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
1
10 things every trader should knowBINANCE:BTCUSDT 1. There is no general approach to trading. Most traders believe that there is a formula that can be used to predict market fluctuations. But in reality, not only is there no such formula, but it is not even possible to develop a general model of markets, since patterns are constantly changing. There are numerous styles and approaches (which sometimes contradict each other) used by traders, perfectly demonstrate the huge opportunities that stock trading provides. That is, there are a large number of ways to become a successful trader. But in order to find your way, you need to work hard. 2. Look for the style of trading that best suits your preferences. Each trader for successful trading must develop his own method that will correspond to his ideas about the market. A trading approach that is profitable for one trader can lead to losses for another trader if he does not adapt the method to his abilities and ideas. As O'Shea said: "If I try to teach you what I know myself, you will fail, because you are not me." Failure can befall a trader even if he stands behind a successful trader and closely observes everything he does. Such training will allow you to adopt some good habits, but no more. Indeed, in the future there will be many moments when the second trader will want to do something completely different than the first trader. This does not mean that trading one may be less successful than trading the other, but they will certainly operate differently. A trader for successful trading needs to learn to be himself. 3. Trading should not make you feel uncomfortable. In the event that the open trading position is very large, traders often exit trades during minor corrections in which they could make a significant profit. This happens because of the fear that prevails over the mind. This means that the size of positions must be reduced until fear no longer prevails over reason. Even if the market is moving in the right direction, using only a fraction of your capital to trade may end up being more profitable than if you were to invest all of your capital. 4. A good trader must adapt quickly. If trading were so simple that a trader could find one pattern and exploit it for a living, then everyone would be successful. But life is much more complicated: markets change all the time, and a pattern that was profitable can suddenly stop working. This is what a good trader should always be ready for: even the most reliable approach can stop making a profit and start bringing continuous losses. 5. Don't confuse winning/losing trades with good/bad trades. The thing is, there are good trades that make losses and bad trades that make profits. After all, the most wonderful and profitable trading strategy has a certain percentage of losing trades, but this does not make it bad. It is impossible to understand in advance whether a transaction will bring a loss or profit. But if trades are made in accordance with a trading system that has a positive mathematical expectation, then they will be good and correct, regardless of the amount of profit or loss. This is explained by the fact that trading with a positive mathematical expectation makes a profit over a long period of time. If transactions are made randomly, then regardless of the amount of profit or loss, they will be bad, because over a long period of time they are guaranteed to bring a loss to the trader. 6. Focus on methods that work and spend less time on methods that don't work. This advice from Clark is very commonplace, but many traders do not follow it. Very often you can find cases when a trader manages to find a successful trading style, but he gets bored and begins to make extraneous transactions, not quite understanding what he is doing. As a result, the overall performance decreases. In order to make a profit, a trader must focus on what he is good at and concentrate on those trades. 7. On the way to success, you need to make a lot of mistakes. Dalio argues that all your mistakes need to be studied and carefully analyzed - only this will help to achieve progress and achieve success. After all, each discovered and worked out error will improve your trading approach or find weaknesses in it. The trader will only benefit if he writes down on paper each of his mistakes, draws a conclusion in writing and writes down what adjustments he made to trading after that. You should not rely in such a business as trading, only on memory. Periodic review of the records will allow you to consolidate the acquired skills and prevent these mistakes in the future. It is impossible to completely avoid mistakes in trading. But the success of a trader is determined It is not the absence of errors, but their low frequency. 8. Make only those trades that you are sure of. A trader needs to have a considerable amount of patience in order to wait for trades that he is sure of. This increases the number of profitable trades. For example, a good trader is not bothered by having to do nothing for long periods of time. He does not make trades until he sees that it is possible to make a trade that suits his trading strategy. 9. Don't trade on a wave of euphoria. A good trader should not fall under the influence of euphoria or stock market hysteria. In general, excessive euphoria in the market is the first sign of an approaching trend reversal. 10. Watch how the markets react to the news. Market reactions to news may be more important than the content of the news. According to Piatt, during one of the transactions there was an endless stream of bad news. He expected that this position would close with a loss after every bad news, but the price, despite expectations, did not fall. As a result, Piatt decided that this (the fact that the market does not react to the news) confirms his trading idea, and increased the size of his position four times. This deal brought him one of the largest profits in the history of his work. Studying the markets, you immediately understand the huge scale of exchange trading. The main thing is that trading is equally accessible to everyone. One click - and you are on the stock exchange in New York, the second click - and you are already in Tokyo. These exciting journeys can bring not only pleasure, but also money.
COINBASE:BTCUSDEducation
by Crypto4light
Bear Market RallyBINANCE:BTCUSDT Bear market rally Prior to anything else, it's critical to realize that we are currently in one of them. Bear market rallies are brutal because it's difficult to predict how long they'll last, how strong they'll be, and how long they'll last. It is challenging for most individuals to comprehend this because they lack patience and think in terms of the most minute time frame. Rallies that periodically occur inside the downward macrotrend create a downward trend with lower highs on high periods (from 3 days to 1 week). Some of them result from cutting short positions in order to profit and start new short positions at higher levels. Ultimately, a redistribution takes place after several weeks of growth of 30–50% (or possibly twice that, depending on the market's structure). Before they pull the rug out from under people, they need to think that the macro trend has altered. The market's function is to take money. Although he is capable of giving in, movements usually happen when traders are not around. The price rises if everyone is short. Down if they are long. Although it seems strange, it is true. The market is an evil steed. You are forced to buy when prices increase. Moving lower encourages selling. You must act because of the price. Keep in mind the feelings you have as you move up or down. There won't be much market share lost if the price declines uniformly. However, the availability of rebounding enables powerful players to profit from movements in both directions while also taking the most money possible from you. Months of decline, followed by a recovery. You don't believe it at first, but it keeps getting stronger. When you finally give up and put your chips back on the table, they again take them away from you. Before you declare that a fresh bear market has started, consider how long downtrends often persist. You should expect downtrends of one to two years and possibly a year of unpleasant sideways movement. Both in the cryptocurrency market and the stock market, there are a ton of historical examples of this. Look at the numbers and consider whether the extra funding can sustain the FDV of a sector whose overall valuation has increased 7 times. Do we have a sudden increase in users? new currency The levels of BTC , ETH, ADA, and SOL as of today were marked to the nearest dollar six months ago. These are merely precursors to a bearish comeback and nothing more, as the primary macroeconomic issues still exist. There will be multiple chances over the coming weeks to sell the rise and rebuy lower. After that, the decline will likely continue or there will be a long flat. If someone tells you there will be a new bull market but doesn't know how or why we got here, don't believe them. Any powerful move up will inevitably be met with a countermove below. You'll now start to wonder why you didn't take advantage of the opportunity to make a profit. Don't be frightened to simply progress upward gently. Protect your capital to survive. Unknown are the scope and length of the current era. However, given the background, it is likely that the trend will last for some time. There will be multiple chances over the coming weeks to sell the rise and rebuy lower. After that, the decline will likely continue or there will be a long flat. If someone tells you there will be a new bull market but doesn't know how or why we got here, don't believe them. Any powerful move up will inevitably be met with a countermove below. You'll now start to wonder why you didn't take advantage of the opportunity to make a profit. Don't be frightened to simply progress upward gently. Protect your capital to survive. Unknown are the scope and length of the current era. However, given the background, it is likely that the trend will last for some time. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
COINBASE:BTCUSDEducation
by Crypto4light
Market Unpredictability This is a perfect example of the market sometimes not going your way. I shorted on the first bearish flag thinking of course that this is one of the strongest indicators of market direction and I got burned (lost a little money). My mistake: Not looking for other signals. In this case the 20ema crossed over 50ema sending the price up. Sometimes you have to look at more than 1 indicator or pattern, this isn't always the case but it is better to have 2 signals than one. The second time both the indicator and chart pattern aligned perfectly together and as a result the market dropped as expected. I want to be clear that you should never jump back in so fast in a trade, personally after a loosing trade I step back for a day or two or trade another pair. But in this case the analysis was strong and it led me to some profits. The market is always going to do what it wants, all we can do is analyze, prepare our risk management and execute.
by Tradingday22
4