Discussions

US 30 (DOW) / US Dollar forum

5 hours ago

hello guys, I never promised you sth except I know well I am able to do
Would like to speak about two points please,
First one:
Tradingview had taken right action against some members here, thanks to the people in charge to try to keep the minds section healthy and free from hatery and negative comments!! With a commitment if it will happen same way again, a further action will be taken matching the severity of the bad behavior.
Second one:
I promised before to start my first ever idea with a chart soon 😊 and here we go. I can not promise I will do that often though, but because of celebrating two good news this week to me, I am celebrating the soon coming of my new princess daughter in February and would like to show a gratitude and happiness for it 😊😊 I share that because I regard you as my family)) we had done the gender reveal party and it is a girl 😊 the second celebration will be for almost reaching my first 100 followers here since I started here two months ago , I miss 3 ones though to the hundred so I will launch my first idea on GOLD that time for my followers once we reach together to 💯 and would like to present it for them by a chart for first time in idea section! Again I will never post a chart on minds though 😊😊
Will try to make my chart so simple and not complex as I use very complicated methods and calculations to figure all out, but my idea would be so simple to not disturb whoever want to look onto it.
Have a lovely rest of your weekends and stay tuned ✌️😊

yesterday

Trading motivation refers to the driving forces that inspire individuals to engage in financial markets, often rooted in personal goals, aspirations, and the desire for financial independence. Many traders are motivated by the potential for profit and the thrill of navigating the complexities of the market. This pursuit often stems from a desire to achieve financial security, fund personal projects, or simply to attain a lifestyle that aligns with their dreams.

Another significant aspect of trading motivation is the intellectual challenge it presents. For many, trading is not just about making money; it’s also about understanding market dynamics, analyzing trends, and developing strategies. This intellectual engagement can be highly rewarding, as traders continuously learn and adapt to new information, enhancing their skills and knowledge. The satisfaction derived from mastering these complexities often fuels their passion for trading.

Additionally, the sense of community and shared experiences among traders can serve as a powerful motivator. Engaging with fellow traders through forums, social media, or trading groups fosters a sense of belonging and support. This environment encourages individuals to share strategies, celebrate successes, and learn from failures, reinforcing their commitment to trading. Ultimately, the combination of financial ambition, intellectual stimulation, and community support drives many individuals to pursue trading as a fulfilling endeavor.

yesterday

Using a trailing stop loss is an effective strategy for protecting profits while allowing for potential gains as a trade moves in a favorable direction. A trailing stop loss adjusts automatically with the market price, maintaining a set distance (in pips or percentage) below the market price for long positions or above it for short positions. This means that as the price increases, the stop loss moves up, locking in profits without requiring constant monitoring. If the price reverses and hits the trailing stop, the position is closed, ensuring that profits are secured while still giving the trade room to grow.

Layering positions involves strategically adding to a winning trade to maximize potential profits while managing risk. This technique allows traders to build a larger position incrementally as the market moves favorably. For instance, a trader might enter an initial position and then add smaller amounts as the price continues to rise, ensuring that each additional layer is placed at a predefined level of support or resistance. This approach not only enhances profit potential but also allows for better risk management, as traders can adjust their stop losses for each layer based on the overall position size and market conditions.

When using trailing stop losses in conjunction with layered positions, it’s crucial to maintain a disciplined approach to risk management. Traders should determine their overall risk tolerance and set appropriate stop loss levels for each layer added. This way, even if the market turns against them, they can limit their losses while still benefiting from the upward momentum of their trades. Combining these strategies effectively can lead to a more dynamic trading approach, allowing traders to capitalize on market movements while protecting their capital.

2 days ago

its a bear flag so you know, but i wont short it 15 mins before the close and hold through the weekend, but given the late trend break bull breakout fail, now back into range bear flag and H&S so long as 44145 doesnt break (vantage) this is signalling a swing short