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Taming The Bear 🐻 : Managing Market Declines 📛Markets have been a bit volatile over the past few weeks, and the future is uncertain. For many investors, these moves can be troubling because it’s been many years since we’ve had a substantial decline–whether we do or do not from the current point (and, for the record, I think it’s much more like the market surprises us with new highs sooner than anyone would think possible), we need to spend some time thinking about how to manage our portfolios and manage ourselves in a market decline. First, watch YOUR LANGUAGE •Labels are meaningless: Correction, pullback, —just words •Listen to the terms people use: fake, rigged, propped up, short covering rally. The words we use matter because they carry emotional meaning. UNDERSTAND MARKET PSYCHOLOGY •Market moves are mostly emotional. If you don’t understand that, you’re doomed to be at the mercy of the market. •The news doesn’t matter (for prediction.) You need a plan for how you read the news! •Market movements arise from competitive action of traders driven by both reason and emotion. This is why the market creates such emotional reactions in traders and investors. •The “permabears” are interesting (and dangerous). •Learn to monitor and understand your own emotions and reactions. UNDERSTAND THE REALITY OF THE MARKET •Markets are mostly unpredictable. No one knows what is going to happen in the future with any degree of reliability. •Best guide is statistics, but need to understand what this means: ~On average, stocks go up over long time periods. ~Hard to short stocks. ~Strange things happen on shorter time spans. ~What is predictable in the future is fuzzy and uncertain, and deviations can be large. •Most of the things people talk about follow the market, so they can’t be used to predict the market! ~The market is the leading indicator. (Dow) WHAT TO DO? •The biggest mistake investors make is selling into declines. ~How to avoid? Don’t do it. ~ Best plans are fading (going against) moves in stocks. If you implement this one rule, you’ll be ahead of the game. •Always use limit orders. Always. Always. •Buy at steep discounts, planning to hold for multiple years. ~Be a predator ~Buy “stupid” prices for things you are reasonably sure aren’t going out of business/away •Be your own manager. ~Break destructive patterns ~Stop mistakes before you make them CONSIDER SHORTING Shorting is not evil or (that) complicated, but this is a topic for another day . Listen To 'After Dark - MrKitty' Such A Nice Music in Time like this.....(this music is overrated lol) and Wishyou Profita- Strong In This Weeks.!! Sc: AdamHGrimes Podcast
SP:SPXEducation
by Zestiria
7
💠Win And Lose Story ( How To Win In The Market )💠 Education 💠Hi My Friends 👋👋 💠 Today We Have Great Story For ( Khaled VS Mohamed ) 💠 1 - Khaled : Start Day » Deposit And Lose All His Money At The End Of The Day !! 👇 Because 👇 ❌ — He has no trading plan — ❌ 1- He Spend More Than 12 Hour's On Chart without advantage 2- He Not Use Stop Lose 3- He Don't Have Money Management 4- He Don't Learn How To Trade 5- Follow Any Signal Without Analysis ——————————————————————————— 2 - Mohamed : Start Day » Deposit And Win At The End Of The Day !! 👇 Because 👇 ✔️ — He has trading plan — ✔️ 1- He Spend 3 - 6 Hour's Only On Chart 2- He Use Stop Lose 3- He Have Money Management 4- He Learn How To Trade 5- He Don't Follow Any Signal Without Analysis So Now You Can Choose Your Side .. Khaled Or Mohamed ?!! Text In Comment
Education
by Fx_Vanguard
2
How to 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
Education
by tradersmentality
WHY TRADERS LOSE IN FINANCIAL MARKETSWhy Traders Lose In The Financial Market. Three Important Things To Know Before Trading You may be one of the traders out there, Who has lost plenty of dollars in the financial markets. So in today’s lesson we are going to check the most common trading mistakes a trader does when he starts trading. Knowledge: So the first important accept in losing in the financial markets is because of the lack of “knowledge”. What happens in the trading world is people start trading without even knowing what the market actually does. How does it move or where does it move. Most of them who lost in the financial markets are those have heard a friend or a colleague who would have said that making money is easy in the financial markets. That’s because they would have come across some kind of advertisements where it propagates that you can make hundreds and thousands of dollars in the financial markets just by clicking a simple button of Buy/Sell. Risk Management: Second important thing in losing the market is because of lack of Risk managements. Now most of the traders doesn’t follow a risk to reward ration while they are trading. I’ll tell you why people don’t keep stop loss. The important reason behind it is when they started trading the markets, they would have taken a trade and it would have hit a target, while they are very happy about the profits they made. Now comes the dark side of the markets. Next time when they start to trade the trades goes against them and now they don’t know what to do because they never had an idea about it. So once they start losing they keep on holding it, At some point when the market pulls back and they have a break even trade and comes out. But this pressure they went through will be there deep down so now they think to themselves keeping a proper stop loss would help me reduce the risk of losing the whole account. Next trade they use a stop loss. Now what happens is the market comes down and hits their stop loss and boom it pulls back to the target zone. Now they start to curse the market and would say i shouldn’t have kept the stop loss or else it would been in profits. Finally the next trade they take without a stop loss the market moves against them and finally waiting it will reverse at some point the market goes further negative and wipes their account. This is what happens to most of the traders out there who doesn’t follow a proper stop loss. They start losing their whole investment in few days or weeks. Lack of Strategy: Now there is a very common phrase which I ask to all my students at the beginning of a class ” Have you even thought why did you take this trade”. The most common answer which I hear back is to make money. Just took a trade because the market was very high or very low. So one of the misconception among the traders is when they see the market rally high in the charts, they start to get an idea that now it’s going to go for a sell. Alternate scenario when the market goes very low they start to think the market will now start to rally up. Even you who is reading this article can be one of them. I’l explain you why after you thought the market is very low still it’s going down, that’s because you never had a proper strategy or knowledge to know whether this price which you assume is high is even the highest point or not. So in order to know what first of all build up a strong strategy where you could be so sure that this is the markets highest point or the lowest points. Do some testing of the market and back test your strategy before you take a trade. Conclusion: Try checking out all this mistakes which you have done so far and try to change your mind set. Yes! mind set is one of the most important thing that you need while trading the financial markets. Without a proper discipline and mindset you can’t be consistent in your profits. To learn more about the trading psychology and other trading materials.
Education
by Kishore
16