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100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?! It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money* If you like my graphics, please use Like button 💙💛 * 90% of traders losing money, only 10% get profits. Why? Here is 3 reasons: 1) Most traders Enter A Trade Too Early 2) Most traders Exit Too Late 3) Most traders Don’t Follow a Risk Management Here is list my tips to help you to get in profit:
BITFINEX:BTCUSDEducation
by ArShevelev
15
Crypto NotesHi traders! I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto notes that have helped me to navigate in Cryptoverse. Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs. Being early is a great advantage in Crypto If you want to discover good projects early that have high potential then some work is needed to put into research. Nowadays there are so many projects (not only BTC & ETH) and it may feel sometimes overwhelming. Good way is to focus on some specific sectors - this will help to set some boundaries. Of course these sectors (or new trends) can change as we are dealing with fastly moving technology. If you find something and are able to get in early then it means an entry with low price. When project is successful you will make X multiple gains (you can replace X with any number you like). But research is only one part of the work - trade management is also needed. Of course being early has its own risks - at the beginning there is a lot of uncertainty and not all projects are going to succeed. Trader will have greater earnings potential but also greater risk of failure (compared with mature projects). Everything is in balance. I personally feel quite comfortable being early - that's why I also like to invest into startups. I value high earnings potential more than risk of being wrong. Being early gives me some sort of price protection or margin of safety ( check concept 'Margin of Safety' from book "Intelligent Investor - Benjamin Graham" ). This will allow me to deal with volatile price swings more easily. I guess it's just like my personal trait. If you don't feel that way then it is perfectly fine. As I said earlier, you can be successful with different strategies. Just find out what style suits you best. Scale In & Scale Out As I have longer view with my Crypto holdings I like to scale in with my buying. For me good entry points are after selloffs - as long as I have a belief that general market structure has not changed. I have my core positions that I will plan to hold for years but I also have other positions that I am willing to sell. I try to scale out from those positions when market is rising to lock in some profit. Doing that will allow me to put some money aside and have gunpowder to buy more after selloffs or fund new early stage projects. This takes some practicing because sometimes market rises so nicely that trader feels like there is no point to sell until whole market is down ... It is hard to predict those events and that's why I prefer to scale out. I try to play the long-term game and I don't have to do all my buying or selling with one trade. Liquidity Planning Basically I will ride all the ups and downs (hold strategy) with my core positions but scale out (trading) from other positions. Then I have always some reserve to add more during selloffs or to fund new projects. I try to plan ahead how much reserve money I need and make myself available to as many opportunities as possible. For long time I underestimated Liquidity Planning's importance and that has caused me to sell many positions too early (or when conditions were not most favorable) - simply because I did not led my cash flows. I thought that I just 'flow' and find money when opportunities lie in front of me. Final thoughts about Crypto markets - as Crypto is going more mainstream every year and probably there are some new market participants who have never experienced this kind of selloff then just relax - this is not the first and not the last market selloff. Remember - usually when fear is greatest there are also some good opportunities. People tend to forget that and only focus on risks. If some mistakes were made during previous leg up then now is good time to learn and plan ahead. That's how we evolve as traders and humans :) Thank you and enjoy your trading :)
Education
by Laurentsius
4
EURUSD range-in-range effectGood morning, today i checked out the four-hour-chart and saw that range-in-range effect which we can see many time while the market is running sideways. This effect always has a big range, a small range in between that big range and a neutral area. Those three levels are mostly decisive for the next movement. What does it mean in this case? The market is currently in that neutral area. At this level i am not doing any trades since it is completely open whether it goes long or short. Thats why i am just spectating the market and wait for the moment when the market is leaving this area. If it leaves the area long i will focus at long trades only if it leaves short i will focus on short trades only of course. Whats the sense of it? The neutral area is mostly in the middle of the big and the small range. We know that we have a Ping-Pong-Game inside a range. So if the market is leaving this neutral area long/short it will mostly test the upper or lower range line. For example : if the market leaves the neutral area to the long side I could plan long trades with a target the range line from the small range. The small range lines will decide if the market entries the upper range or the lower range area. Thats why you can see that small range also as a "neutral area" regarding the big range if you only want to focus on trade with big range targets. Summary : i will wait for a break out of the neutral area to find possible long/short entries.
Education
by StefanKassing
2
Bitcoin: BTCUSD New Trading Realities in a 'grown-up' worldTrading Bitcoin in the new Realities of 'Mainstream' When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats on, are inherent, full-on bulls. Only 10 to 20% will be bears. If one or the other we will miss 50% of all trading oppotunites, roughly. Who was looking for sell signals recently (after that RHS failure) ? No, because most of us are bulls we're only looking for positive signals. Try to be dispassionate about Bitcoin - that is not easy, being as we're humans. We're programmed to want to join the herd. A bison gets FOMO too, that's why he wants inside the herd and not out. Penguins too. But we are not penguins. We need to stop acting like one. Agreed? We need to be like doctors who will get sued for giving the wrong diagnosis, however bad that might be. The patient wants truth not platitudes. That's how we need to view Bitcoin. If we love it too much we cloud judgement and lose trade opportunities. So strive to be dispassionate. Or it will cost you roughly half of all opportunities. Look at the trail Bitcoin has left...get down off your horse and look...look how good those sells were on the breaks...how the first two break and then come back to retest the little dynamic from the underside and that's the sell with stops say 50 higher (never touched) and then look at the third and last arrow in the sequence - the market is moving fast at this point and there is no retest this time. And then the series of highs running right into the resistance line at 12472. Each was a fantastic near term opportunity to mine another 1000 points minimum out of this monster, and the last 2 breaks were 2000 points - that's 6000 points in breaks in 3 days. That is 60% of total value of Bitcoin right now. How crazy is that? You NEED to be Ok with shorting as well as going long to survive this market. You are not going to get every one, but half would have been good, very good. And look how simple the patterns are ! That ain't rocket science is it? One single line of dynamic support (upside doesn't really matter too much in a downtrend), we just need to get a line under the counter-rally - behaves very differently, obviously, in a slower market at top half of chart than in fast market where patterns are obscured in the noise more easily.
COINBASE:BTCUSDEducation
by sumastardon
1