Trade To Win"Those who lose - trade not to lose. Those who are successful - trade to Win."
Losing Vs Winning
Most traders are more focused on not losing than they are on winning. Do you understand what this means? This means you are acting not in your best interest, but against your self. By focusing on how much you can or might lose, or on not losing, you increase the likelihood of making mistakes which ultimately lead to a losing traders equation, and a negative equity curve.
Profitable traders do not care about losing. They understand it is part of winning. They focus on winning. What is the best move in this moment? Should I get out or continue to hold based on what the market is telling me? Winning traders accept the risk totally and completely; before getting into the trade. In other words, they have already lost what is on the line. Therefore they act in their own best interest, not based on their thoughts about what they could lose, but based on what the market is telling them to do in this moment.
Other than this psychological difference, here are a few other key components on How to Trade To Win.
Defined Edge - Every trader who is making money in the market has some form of edge which he employs. Even if his edge is purely intuitive. This is extreme and rare however, and most traders have clearly defined their edge and will only trade that edge. This removes randomness. Many beginners think they are going to study the market and be able to trade the market no matter what it is doing (trade intuitively). This is simply not the case for most. The purpose of studying the market is to identify opportunities in form of an edge. An edge is a setup or context which repeats itself over time. It might occur once a day, once a week, or once a month. It does not matter. All that matters is that you only trade your clearly defined edge, and leave the randomness behind.
For more information, you can read about the edge I use in every market I trade. We also describe how you can develop your own edge, and trade it in any market.
Stop Doing, Relax Efforts - If you are losing in the market, chances are you are doing too much. Many beginners, and even experienced traders think they must be trading in order to be a successful trader. This leads to random trading, over trading, and mistakes which compound themselves. You end up digging a hole, and instead of looking for a way out, you look for a different shovel.
The harder you try to make a profit, the more you do, the more actions you make, and the more you lose. The market rewards those who are observant, disciplined, and most importantly patient. The market takes from those who try too hard, and do too much. If you dont believe me, try as hard as you can to make money, and see how you do!
By relaxing your efforts, you relax your mind. In turn relax your actions and decision making. You do not have to trade every day to be a profitable trader. It sounds paradoxical doesn't it? How can I make money trading if I dont trade? By only trading when it is appropriate like when your edge is present, you better your odds of success.
Profitable trading does not come from trading constantly. Profitable trading comes from the act of non-doing, and out of a state of emptiness. Profitable trading is effortless, it comes out of waiting for just the right moment before taking action. And then waiting some more while the market proves you right or wrong. Profitable trading is not forced; it just happens.
Active VS Passive Trading -
This is very similar to the previous topic. Active trading is a trader who is constantly in the market, trading whatever he see's or feels right. This trader is often wrong, and when he is right he makes the mistake of exiting too early due to fear. This leads to a negative traders equation as he continues to struggle to do the right thing. An Active Trader mentality is one which does not believe in "non-doing." He believes he must, and can, do something. He is afraid of missing out and is often swayed by thoughts and emotions. So he continues trading never looking back, and at the end of the month cannot figure out why his account is in the red.
A Passive Trader is the opposite. He passes on more trades than he takes. He does not care about what he misses out on. He only cares about what he takes and the actions he makes in the market. He does not force trades, he just watches the market until he knows what to do. Or he waits and waits until his edge finally sets up. He is passive in his efforts, rather than active. He does not care if he doesn't trade today, this week, or even this month. Trading is not what is important to him; winning is. He knows that profits come from sitting, waiting. Because he is willing to wait, he is peaceful. And profits continue to come into his account, effortlessly.
For more information on developing this type of mentality, see below. We also detail how to understand markets through price action, how to create, define, and employ an edge, and how to develop your traders mentality to succeed in markets.
If you found this helpful please like! Feel free to comment or ask questions.
Winner
New update on XRP near future price prediction.Hi,
For those who are following, you may see that XRP has met our previous target and is now under that taregt and actually sustaining it level.
Personally, I was not expecting this behavior. So I decided to clear my hole chart and restart a analysis from zero with a clear mind.
First of all, I want to say there is no need to panic, I was honestly a little lost and selling and buying not really knowing where the price will go.
Now that I have once again a clear view I can calmly say, that the opportunity is only getting better.
Of course, as I already said previously I still believe that 0,16USD is still a plausible target.
On August 14th 2018, we had reach a stunning low of 0,246 USD, the possibility of seeing this price again is far from impossible.
If we use the proper trend line starting before 2017's bull run aligning perfectly with two wicks, we can see that 0,263 USD is also a very viable target that could be reached in the next day.
So my ongoing strategy for the moment is to divide my portfolio into 5, so I have five amounts of 20% my portfolio.
I already have 20% in XRP right now, with a stop loss set for under our previous low.
I will enter re-enter if we reach our first target (0,263USD) adding a extra 20% and I will set a stop loss under 0,246USD
I might add a extra 20% if we reach 0,246 depending on the momentum.
If we break lower than 0,246, my next target would be 0,19USD where I would add 20% depending on if I added it at 0,246USD.
If we still drop to the scary depths of 0,16USD. Oh mama, I gonna buy in sooo hard. Putting another 20% of my portfolio with a tight stop loss.
Finally, I will keep 20% in case we drop lower, and if not I will add that 20% when I am sure that we have had a trend reversal.
I still want to make it clear that if none of these targets are met and a small bull run starts now, I will obviously enter 60% maybe 80% ( basically the remaining of my protfolio) in.
So there you have a concise set up. Now I would like to say that as we actually reach these levels or don't, maybe my strategy would have changed, if it does I will be sure to update you all once again :)
I hope you are all scoping these prices like a bunch of ruthless snipers ready for some quick mouse action, buy in buy out... and then find out you lost 100 bucks ;) ( talking from experience)
Just be calm, take quick action but also quick thinking .
Good trading to all,
Make profit,
Love to all
Cya for another update, surely in 2 minutes going back on every single word I said, as the market skyrocketed just as I clicked on post and all I had in was a lousy 20% ...
WINGS: Short Term 30% Buy Trade !!BUY Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
AAPL Apple Stock SpeculationHello traders. Lots of opportunities in all markets. Here we have Apple Stock Charts. We have significant demand just below. Look for price to possibly retest there before its next big move up. We should see some hesitation at the first supply zone from price with ultimate goal at the higher supply zone.
Ebay Stock SpeculationBigger picture suggests we are close to significant demand. As we move to the lower time frame we can see supply above. Looking to use the supply to take us down to demand to ultimately get long. For now we will focus on this intra-day level. Look forward to another post of this chart soon.
Katipult Wins Award and $100,000 at Singapore FinTech FestivalDear Traders,
Are you looking for a potential good money maker this week? You came at the right place then.
Katipult announced some amazing news about winning the 2018 Singapore FinTech Festival ("SFF"), the world's largest platform for the global FinTech community, and received a cash prize of $100,000 SGD!
''"We are proud to be recognized at the world's largest fintech event alongside some very exciting names in the space, and I think this shows the transformative potential that Katipult is bringing to our industry," said Brock Murray , CEO of Katipult. "This award is recognition for things we've accomplished to date and it's very encouraging to see that the industry and our peers are excited about our potential and future growth"'
Looking at the chart we can see a bullish Divergence and a spike in volume last friday. This could be running towards the 55ma located at 0.525, which is a good 20% jump from where it is now!
Let's keep our eyes on this one!
If you have any questions or any thoughts, feel free send me a PM or to comment on this TA!
If you'd like to join my Discord Channel to talk about stocks, share knowledge and have a laugh then please send me a PM so that I can link you to it!
Take care!
DSS is our NYSE listed technical breakout pick. #79pctUpside
=====================
Our New Pick is: DSS
Current Price: $1.20
Float: 12.61M
Target Price: $2.15
Investor Presentation
========================
Members,
Act fast, and start your research on our latest trade idea DSS (Document Security Systems Inc.).
We've be scanning the market for the next big bullish breakout opportunity, and DSS really grabbed our attention today.
Based on our research, the chart on DSS is showing us a potential upside of nearly +80%.
This leader in anti-counterfeit, authentication, and diversion protection technologies, is due to get plenty attention from the Street tomorrow.
Here's why....
The Company's packaging and brand protection executives will be presenting the DSS platform of anti-counterfeiting technologies and packaging design to members of the global cannabis industry at MJBizCon being held at the Convention Center in Las Vegas, Nevada November 14-16.
“Cannabis products are quickly going mainstream which means they are fighting the same threats from fraud as other products. But with less mature supply chains and limited controls to protect against counterfeiting the threat is even greater for cannabis providers. DSS can assist these companies with supply chain security, anti-counterfeiting tools, and even printing and packaging solutions,” stated Mike Tobin, DSS VP Sales & Marketing.
The Company’s printing and packaging division, Premier Packaging, offers custom structural designs for folding cartons that are tailored for the cannabis market and their product offerings. Additional competencies include materials management, logistics, converting and inventory management programs; and when coupled with its product authentication technologies, gives DSS a strong value proposition to vertically integrated cannabis brands.
“The cannabis market is also heavily regulated with many states requiring tracking from seed to finished product along with proof that taxes and duties have been paid,” added Tobin. “We can provide companies with a comprehensive, very secure solution starting with a digital signature on the packaging all the way through to consumer engagement, including a blockchain-based option.”
DSS's customized product authentication solutions are powerful enough to protect against the most sophisticated forms of fraudulent activity, safeguarding brand integrity and value. Based on the Company’s patented AuthentiGuard™ technology, any authorized smart phone enables all supply chain personnel and consumers to easily authenticate products, and with the integrated GPS feature, it also has the ability to report diverted goods.
Additional features of AuthentiGuard™ include:
True 2-factor authentication
Secure tie-in to serialization and codes
Traceability from seed to finished product
Counterfeit resistant, patented technology which is secure against copying, scanning and high-resolution photography
Strong data collection capabilities with unified records management on individual plants & products
Iimmediate Bullish Catalysts for DSS:
The Company's packaging and brand protection executives will be presenting the DSS platform of anti-counterfeiting technologies and packaging design to members of the global cannabis industry at MJBizCon being held at the Convention Center tomorrow
Chart is looking extremely bullish at the moment.
Float is just 12.61M
Zero Insider Selling Within the Past 12-Months
On March 19, 2018, DSS announced its partnership with the Hong Kong Logistics and Supply Chain MultiTech R&D Centre (LSCM) to conduct research focused on developing the next generation of DSS’ Brand Protection products utilizing blockchain technology to secure product transactions across multiple channels, including retail and online distribution.
About Document Security Systems Inc.
For over 15 years, Document Security Systems, Inc. (“DSS”) has protected corporations, financial institutions, and governments from sophisticated and costly fraud. DSS' innovative anti-counterfeit, authentication, and brand protection solutions are deployed to prevent attacks which threaten products, digital presence, financial instruments, and identification. AuthentiGuard®, the company's flagship product, provides authentication capability through a smartphone application so businesses can empower a wide range of employees, supply chain personnel, and consumers to track their brands and verify authenticity. For more information on DSS, visit www.dsssecure.com.
Investor Highlights
Focused on high-growth commercialization and high-margin licensing opportunities
Valuable near-term growth opportunities with AuthentiGuard™ & other technology products
Entrance into Asia Pacific market represents significant opportunities within world’s largest counterfeit packaging market
DSS is advancing the Authentication Model from reactive to predictive, involving the use of data to validate product authenticity
Mobile authentication tool, allows all parties in the supply chain the ability to authenticate
Technology platform fills consumer demand for product authentication capability
Adding consumer generates very valuable data that will become cornerstone of businessstrategy and intelligence
Integration of data from supply chain will enable product origin and tracking, critical in food,beverage, health and beauty markets
Technical Analysis
RSI is Showing Bullish Divergence
15-Day Moving Average breaking above its 50-Day Moving Average, forming a "Golden Cross" (Major Bullish Indicator).
We are setting our price target for DSS at $2.15, which is an upside of nearly +80% from our $1.20 alert price.
We are feeling confident that DSS is going to go on multi-day bull run.
The chart is looking extremely attractive, and we believe that DSS will hit our target price of $2.15
We are excited to hear what news will come out of the upcoming MJBiz conference.
We could be looking at the NYSE's biggest winner tomorrow!
As such, we are urging all members to act fast, start their research, and make sure to have DSS up on your screen's and ready to trade.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The PennyStock101 Team
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NZD/USD - A possible move to the upside.- If 50EMA on 4H time-frame not gonna reject the price to the downside we will have an awesome impulse to the upside.
- Wedge on the 1H time-frame is completed, price broke the pattern and now it's looking like the pullback will come so the advice here would be to act on that pullback if you know how.
- Price on major time-frames are looking good and in this position, there is a possibility to hold this trade because if you zoom out the Daily time-frame you will see that the price is in another much bigger pattern so let's guess what would happen if the price will break that one. It's would be a ridiculously huge position for you guys out there who knows how to hold positions for the longer term.
- So yea, simple setup, now let's wait and see if the price is gonna give us a tradeable pullback or not. If not leave the setup alone, tomorrow there are some high impact news out there so stay safe and don't take unnecessary risks.
AUDUSD short from double supply areaShorting AUDUSD from the yellow area as that is a supply area on the short (30min) timeframe, as well as the long (12hr, gray area).
These setups usually produce good movements so I am hoping to get a 1:1 RR, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrader