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Rocketbombedu

Just act like a pro, think like a pro, live like a pro. Hello, my dear friends!💋 ⭐Psychological knowledge is basis for starts trading. Probably, you have heard, that among of traders, only 5% are successful. 🧐And what about the remaining 95%? These 95% make up the usual crowd, which was grew up like everyone else. Therefore, many of you are "like everyone else." And you will act “like everyone else” in the markets, and, will losing your money. 💸💸💸 The secret is not in a miracle of indicators and not fantastically profitable trading systems. 🙅🏻‍♀️ 🙉 Everything is only in your head. 🙉 🏹You need to change yourself a little, learn to think in other categories in order to become successful. 🏹 You are responsible for your emotions and actions yourself. In the market it's important how you can manage yourself and your money. 🤑 The market is a game without a beginning and an end, and even without a middle: it all depends on your own plan. There are no bosses, no one will set plans for you, no one will force you to make reports. 🔔You have to do everything yourself. 🔔The market is an environment, that gives complete freedom with limitless opportunities and limitless risk. ✔You need to achieve a strong self-confidence. ✔ 🔪The vice, that killed many traders is greed. Many of us want to achieve everything at once. 🔪 Greed is basis for other vices, such as impatience and excitement. Your greed is enjoyed by other, more experienced players. 🚷Fear and greed are the basis people’s problems. 🚷 Forget about it existence, when you open a trading terminal. ❣ Only if you have a clear and well-developed action plan on the market, with daily work on yourself, with a constant analysis of your actions, you can really solve many problems. ❣ Just act like a pro, think like a pro, live like a pro. You can’t control the market, but you can control yourself. So, you will succeed, even with a primitive trading system. Start working on yourself. 💪🏻💪🏻 Identify your weaknesses, strengthen them with strengths. Study the psychology of human behavior to understand how a strong minority makes profit. 📎Markets are 90% psychology, because the same people work there. And each of them is exposed to fears and greed. 📎 Stay tuned by Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
Hope. 🙏🏻 Fear. 😱 Greed. 🤑Welcome, guys! 😊Today I wanna talk with you about our feelings and emotions! Fear of falling prices provokes a sell, and the opportunity to lose chance to make monney leads to an unreasonable buy.💥 ⚡Such pernicious emotion like greed is a manifestation of the trader’s arrogance and his thirst for a good income as soon as possible, which also provokes the unfoundedness of transactions.🤷🏻‍♀️ Many psychologists and scientists do a lot of research in the study of human emotions and feelings, the results of which show the ability to control their emotions. 💪🏻 In trading, managing emotions is a very necessary.💪🏻 Let's consider three seemingly simple emotions on which a trader’s work in the market depends in more detail: 📌Fear 📌Hope 📌Greed 😱The role of fear in trading 😱 In fact, fear plays a significant role in the market. Fear often deprives the trader of the opportunity to earn money, but also saving him from making fatal decisions. The emotion of fear often serves as a kind of "brake" for the trader. A frightened trader is obsessed with the adverse aspects of trading. Fear of losing money generates a lot of other negative emotions in your head. 🤑Trader's greed would destroy.🤑 Greed is a disastrous and dangerous feeling, especially for a trader. The prevalence of greed rarely can help to achieve the desired result. It depriving people of the ability to think soberly and objectively. Often, having felt success, a trader wants to earn more and more by making the following mistakes: ❗ Untimely exit from the transaction ❗ Hold position more then you need ❗ Overstatement of risks 🙏🏻Hope is the last thing to die🙏🏻 Of all three emotions, most market participants live with hope. This emotion is completely opposite to fear, because its presence affects the positive thinking of the outcome of the trade. In moments of hope, the thinking of market participants is aimed at making profit, not losing it. People trade in order to achieve success and financial stability, taking income from the market. The circle of such people was divided into optimists and pessimists, absorbed in hope, fear and greed, only to different degrees. One way or another, an overabundance of these emotions can lead to losses . The best option is to find the “golden mean” and learn how to manage your emotions.💪🏻💪🏻💪🏻 😊😊I hope you enjoyed my post, don't forget to support me with like 🌞, subscribe,for don't get lost!💋 Below are links to my previous ideas👇🏻👇🏻👇🏻 Stay with me🌞 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
9
Cycle Theory and Wave Analysis Hi guys. 💋Well, let's continue develop ourselves???💪🏻 Ok, now let's start from the few words about theory of cycles💪🏻 🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this classification.✔ 💥If you wanna be successful trader, you need to understand this method of analysis💥 ☝🏻 The trend (impulse waves) has a 5-wave structure (waves are indicated by the numbers 1,2,3,4,5, A, B, C) and consists of impulse waves and correction. 📌 Impulse Waves 1,3,5 - longer than correction waves - show the direction of the trend 📌 Correction Waves 2 and 4 - has a 3-wave structure (a-b-c) - show the direction opposite to the current trend ☝🏻 1st, 3rd, 5th impulse waves have a 5-wave structure of their subwaves. Correction waves (2 and 4) have a 3-wave structure and are denoted by A-B-C. 📌 Signs of a trend reversal in terms of wave analysis are: - finite diagonal triangle - extended 5th wave - truncated 5th wave 👉🏻The 2nd and 4th waves are corrective. The movement on these waves takes the form of the following correction models: - zigzags (5-3-5) (Zigzags) or simple ( zigzag ) correction - planes (3-3-5) (Flats) or flat (flat) correction - triangles (3-3-3-3-3-3) (Triangles) or triangular correction - double triples and triple triples (combined structures) - incorrect correction In fact, wave analysis has nothing to do with the market. At least in the modern world. This theory once worked, but not now. ☝🏻Although it attracts a lot of people with its simplicity and visibility. Now you will not find two wave operators, that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today. Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior. 💥If you use it, then be extremely careful. To say, that wave analysis doesn't work is too subjective. Each for himself decides what and how to use. 😆Right or wrong - the market will judge by adding or taking money to the account.😆 🤔I hope I have clearly explained you my vision of wave analysis, if you are interested, you can study this method more deeply.💪🏻💪🏻 😸Subscribe and don't forget to put like to my enthusiasm, I try for you😉😉😉 Stay with me🌞 Kiss You 💋 Your Rocket Bomb🚀💣
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BITSTAMP:BTCUSDEducation
by RocketBomb
19
The Fibonacci levels #rocketbombedu🚀💣Hello, dears!🧡Today I want to introduce you with Fibonacci levels. Let's start💪🏻 Leonardo Fibonacci is a great mathematician who lived in the XI century. The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis , but also in physics, astronomy and other disciplines.💪🏻 ☝🏻 The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in everyday life. But it works with varying success in trading. ⚡ Please note, that the number of Fibo level workouts is much less than the number of failures. The same applies to other types of levels and various methods for constructing them. 💥You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future.💥 🌞🌞My dear, if you have questions about the topic or you want me to continue the topic of TA, write about this in the comments✍🏻✍🏻✍🏻 Stay with me💋 Your Rocket Bomb 🚀💣 Below are links to previous TA ideas👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
12
TRADING PLAN by Rocket Bomb 🚀💣Hello, friends! Let's talk about Trading plan today! The basis of any action on the market is a well-designed trading plan (TP). The basic rule is never trade without a plan, and when you have done TP, never break it. Work without a plan leads to randomness and spontaneity of actions subject to emotions.🙅🏻‍♀️ ❗❗Before opening a position, you must determined :❗❗ 📌position opening price 📌open position size 📌stop loss order 📌take profit order 👉🏻That's necessary in order to determine the possible risk / win ratio. ⭐⭐A trading plan should uniquely determine the actions of a trader in two scenarios: 1. Price moves opposite the open position 2. Price moves towards an open position ❗A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think. ❗ After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading. ❗ After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future. ❗ Trading does not end when you close your position. ❗You must analyze it and learn from it. ❗ After closing a position, many players forget about it and start looking for the next deal. ⚡Don't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.⚡ Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking. 💪🏻Don't forget about self-development!!!!💪🏻 💙If my post was interesting for you, don't forget to put me like and write your thought!!!💛 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
11
EDU " How to trade Accumulation and Distribution" 🔥 Today I wanna tell you about accumulation and distribution zones Come on🚀🚀🚀 ⚡Prices always go from balance to balance and no other way!⚡ Wyckoff said that the price always following one of the 4️⃣ phases: 💥the consolidation zone (flat), where the big player is gaining volume , is called accumulation; 💥if after exiting the flat, demand is higher than supply, then the price rises and an up-trend development is observed in the market; 💥the area of ​​consolidation (flat), where large players exit the position, is called distribution; 💥if after the release the supply prevails over demand, then a down-trend is formed. If you look at these 4 phases of the market, the key problem of forecasting further price behavior will lie in the first of them, in accumulation, when it may not be entirely clear where the price will go after. Below, based on the Wyckoff and VSA method, I'll show how to correctly assess the situation and take a position in the right direction. 🔋🔋🔋Accumulation🔋🔋🔋 🏹Phase A - Market Stop. 🏹Phase B - Supply and demand balance. 🏹Phase C - False Breakdown. 🏹Phase D - Search for entry points. 🏹Phase E - Beginning of a new trend. In the ❗distribution❗ phases, everything is similar to the accumulation phase, only upside down. Important💣💣: don't go into shorts in the accumulation zone; in the distribution area don't go into long!!!! Guys, if you liked my post, put me 👍🏻 and write a comment✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
HOW TO TRADE TRIANGLES🔥Hello, my dear friends!💋 Let's get a little developed👩🏻‍🎓 Today we a talking about 🔺 TRIANGLES 🔺. These figures 🔺 of technical analysis are distinguished by some “deceit”, therefore they are assigned to a separate category.❗ This is due to the fact, that during their formation it's rather difficult to unambiguously determine in which direction the price impulse will follow - up or down.🤷🏻‍♀️ Among such figures, symmetrical, ascending and descending triangles are popular among many traders. Of great importance ❗is the trend preceding the formation of the figure. So,🔥 if the uscending triangle was preceded by a bullish🐃 trend, then the trend will most likely not change its direction.🔥 On the picture above, the blue 💙 lines - indicate the most probable scenario of the price movement after completion of the formation of the Ascending Triangle . In green 💚 - a slightly less likely scenario that shouldn't be ruled out. Thus, in most cases, the “Rising Triangle” is seen by traders as a bullish pattern .🐃 The appearance of this figure usually indicates consolidation before the resumption of the upward movement of prices.❗ 💥Other features of this figure:💥 🔺the upper resistance level passes through two or more local peaks approximately equal in height; 🔺the reliability of the figure increases in proportion to the duration of the previous uptrend; 🔺the lower resistance line consists of at least two consecutive minima, with each subsequent one must be higher than the previous one; 🔺often during the formation of this figure there is a decrease in trading volumes; 🔺the moment of breaking the resistance line should preferably be accompanied by an increase in trading volumes; 🔺after breaking through, the line of resistance of the figure becomes a line of support; 🔺the approximate purpose of further price movement usually corresponds to the width of the triangle formed by the upward movement. 👉🏻The “descending triangle” is often regarded by traders as a bearish🐻 pattern: This pattern is formed on a downtrend 👇🏻, in most cases indicating its continuation. At the same time, as we can see in the figure near, sometimes when you exit this figure, the price moves in the opposite direction. In its features, this figure is similar to the “Ascending Triangle” formed on the bull trend and, in fact, is its mirror image.🤲🏻 The "symmetrical 🤲🏻 triangle" is a relatively neutral figure: However, for example, if the formation of the "Symmetric 🤲🏻Triangle" was preceded by an uptrend, then this pattern will signal a high probability of continued bull dominance in the market. The same for downtrend. 💥Other features of the figure:💥 🔺a triangle is considered reliable and indicates a high probability of the continuation of the trend, if the trend lasted for at least several weeks before its formation; 🔺to build this figure, at least four points are needed - two for the resistance line, two more for support (a more reliable triangle is formed by six points - three for the top line, and three for the bottom); 🔺as the triangle forms and the range narrows, the trading volume should decrease; 🔺the approximate purpose of price movement is usually determined by the width of the triangle. ❗❗❗Traders should be very careful when working with a triangle, especially with a symmetrical one. Each time when forming such a figure, two likely scenarios of price movement should be taken into account at once. Guys, I try very hard for you💓💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋💋I like to teach, I get pleasure of it😘 !!! 👍🏻Support my enthusiasm with like!😘😘 ✍🏻Write me in the comments if everything is clear to you, maybe you have any questions!🧐 🌞I'm glad of your feedback !!!🌞 Always Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
9
What are Motivation and Engagement in trading? 🤔What are Motivation and Engagement in trading? 🧐 What are Motivation and Engagement in trading? Motivation is defined here as the energy, drive, interest, and inclination to learn and achieve goals. Engagement is defined here as the behaviours following from this energy, drive, interest, and inclination. Motivation and engagement are desirable ends in themselves (i.e., it is great to be motivated and engaged). Motivation and engagement are also a means to desirable ends such as achievement (i.e., motivation and engagement lead to great things). There are four areas of motivation and engagement, and 11 facets of motivation and engagement within these four areas. Positive Motivation • Self-belief. Self-belief is an essential feature of any successful trader. Belief and confidence in ability to meet challenges you face in the market, and to perform to the best of your ability. • Valuing. Valuing is the extent to which you believe what you learn is useful, relevant, meaningful and important. You can assess the importance of the deal in a given period of time. Assess risks and possible rewards. • Learning focus. Traders, who are learning focused are interested in learning, developing new skills, improving, understanding new things, — not just for rewards they become more successful. I ALWAYS DO ACCESS ON DEVELOPMENT !!!NEVER STOP DEVELOPING !! Positive Engagement • Persistence. Persistence is shown by traders when they keep trying to work out an answer or to understand a problem, even if that problem is difficult or challenging. • Planning (and monitoring). Planning refers to how traders plan assignments, deals. Monitoring refers to the strategies used to keep track of their progress. • Task management. Task management refers to how traders use their time, organise their timetable, and choose their potential deals. Negative Motivation • Anxiety. Anxiety has two parts: worrying and feeling nervous. Worrying is fear about not doing very well , miss an opportunity, losse money etc. Feeling nervous is the uneasy or sick feeling traders get when they think about or do their work. • Uncertain control. Traders have an uncertain or low sense of control when they are unsure how to do well or how to avoid doing poorly. • Failure avoidance (or fear of failure). Traders are traing to failure avoidant but the main task is to learn how to control risks in each deal. Negative Engagement • Self-sabotage. Traders self-sabotage when they do things that reduce their success at the market. Example: Be afraid to enter a deal too early and enter a deal too late. • Disengagement. Disengagement happen a trader after several losing trades. The main thing is not to give up, at such moments you need a support of more experienced traders who went through the same feelings. TO BECOME A SUCCESSFUL TRADER WITH FULLY ENOUGH POSITIVE MOTIVATION AND ENGAGEMENT !!!
BITSTAMP:BTCUSDEducation
by RocketBomb
20
<<Perfect trade>> 😏Are they exist?🧐Hi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐 The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them. First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!! The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit. Second rule 🔥Managing Your risk🔥 We can't control the market, but we can control ourselves The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade. The third rule of "perfect trading" 🔥Assess Market Condition🔥 Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them. The fourth rule - 🔥 STRATEGY 🔥 Step four: NEVER LEAVE YOUR STRATEGY !!! There are different strategies in my trading plan, that are used in different market conditions. 💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣 Previous EDU post 👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
17
<<Reversal Patterns of Technical Analysis>> Hello, my lovely and so clever friends! Today we are talking about <> 🧡 💥 Head & Shoulders Pattern 💥 After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume. Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order. To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point. 💥Inverted Head & Shoulders Pattern 💥 An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones. It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful! 💥 Double Bottom Pattern 💥 After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance. 💥 Double Top Pattern 💥 A double top is similar to a double bottom. The only difference is that this pattern is reversed and occurs on uptrends. The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution. 💥 Diamond 💥 We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point. 💥Cup & Handle💥 Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure. Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣 My previous work for You 💋
BITSTAMP:BTCUSDEducation
by RocketBomb
17
𝕋𝕣𝕖𝕟𝕕 ℂ𝕠𝕟𝕥𝕚𝕟𝕦𝕒𝕥𝕚𝕠𝕟 ℙ𝕒𝕥𝕥𝕖𝕣𝕟𝕤Hello friends! Let's keep learning?😉 Today we will talk about Trend continuation patterns 💪🏻 LET"S GOOO🐱‍🏍🐱‍🏍🐱‍🏍 🐂 Bull flag 🐂 The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole. There is one more feature of this figure - the canvas of the flag should be tilted against the main trend. 🐻Bear flag🐻 For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern. 🐂Bullish pennant🐂 The pattern trading rules are identical to the bull flag trading rules. 🐻Bearish pennant🐻 The trading rules are the same as for the bear flag. Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣 Previous EDU post about Reversal-Patterns 👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
13
💥 Money Management (MM) and Risk Management (RM) 💥Hello, my dear friends🧡 🔊I would like to talk a little about money management and risk management. 🙌🏻That’s very important in trading. Because trading isn’t only psychology. 🙅🏻‍♀️Your financial result depends on how competently you can manage your available capita l💸. 🤜🏻 Risk management - determining the maximum position volume in a transaction and the maximum stop value. 📌 Never enter the market with one position on all available capital. The most common money management tactics: ⭐ trade in all capital ⭐ fixed lot ⭐ fixed percentage ⭐ optimal percentage ⭐ safe percentage ⭐ fixed proportion 👌🏻But no matter what money management tactics you choose, the essence will stay the same - you should always consider your risks (the amount, that you will lose in transaction). If You entered the deal, You should always put Stop Loss, and keep in mind the price level after which you MUST close deal. ✔The concept of positive mathematical expectation✔ The average value of your profits must be higher than the average value of your losses. THE MOST IMPORTANT RULE IN THE MARKET: 🔴 DON'T STOP! ❣Do not worry about your losses❣ 🤜🏻Only on your own mistakes you can learn to be successful💋💋💋 And of course, 👉🏻don’t forget about improvement of your skills.💪🏻 😉Read my EDU posts and everything will be cool :) 🌹Stay with me🌹 Your Rocket Bomb🚀💣 My previous ideas 👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
13
Maslow's Pyramid & Rocket Bomb Descriptions in trading 🚀💣Hello, my dear lovers of self-development !💙💛 I haven't posted any EDU Posts for a long time. For me, each of them is special, in which I put all my soul and creativity 🤗 Today I would like to talk about very interesting topic - which is called <> ! 💡The first thing, that came to my mind was Maslow's Pyramid of Needs . If you start reading modern literature, You'll understand, that most authors think, that Maslow's pyramid no longer works, or doesn't fully work. 🤷🏻‍♀️ ⚡ According to Maslow, higher-level needs can only arise when lower-level needs are met ⚡ Someone may disagree with this, but personally for me, everything is very transparent and obvious. Only by closing the basic needs (basic knowledge in trading) we go further, we simply don't think about what we have attained the truth in a certain sense. 🙏🏻💥 Now it has become fashionable in the world to refute theories and make adjustments in it🙄 But the wisdom, that has been passed down to us for centuries can't be ignored. 🙏🏻 Today I would like to share with You Maslow's Pyramid in my descriptions for traders. Hope You'll like it 🙏🏻 ⚡At the first stage , a trader tries to cover the most basic needs: most often a person comes to the market for money, and that's the physiological need in trading. ⚡Going to the second stage, he seeks safety, because he faces difficulties ... and only if he realizes, that on the first stage he made a mistake (down arrow), after re - thinking, he can move on to the third stage (up arrow). But that's a huge work. It takes time and endurance, patience and calmness, desire and fortitude!💪🏻 ⚡With the transition to the third stage , a person becomes more successful, he change his thinking . And that's a great sign on the road to success.💪🏻 He begins to be proud of himself, but realizes, that there is an opportunity to develop further.🚀 ⚡The fourth stage - he start makes a good profit, the trader, by default, accepts all previous experience and moves on, filled with motivation and success.💪🏻 ⚡And the fifth stage - most important thing for any trader is self-realization. A trader understands, that he is successful, self-sufficient and he has something to share with other traders ... he can motivate, inspire, and that's the highest reward !!!💪🏻 Only 5% of traders reach the 5th stage, and maybe less.🔥 Do you strive to be part of that 5 percent? ☝🏻🧐 At what stage do you feel yourself? Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
47
💡 Discipline vs Motivation 💡Welcome friends!💋 What's more important to you: Discipline or Motivation? Today we'll talk about it.😊 There are two main ways to force yourself to do something: ⚡ the first, most popular, is try to motivate yourself; ⚡ the second, less popular, is to develop self - discipline. What's the difference?🧐 Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task. Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering. Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!! Why discipline is more important than motivation ? IMHO🧐 Chasing motivation means, that we need to do only what we're in the mood for. The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards. To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly. Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed. Motivatio n has a tiny shelf life and needs to be constantly updated. Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results. Discipline is a motor, that once started and constantly supplies energy to You. For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition. Discipline is more or less permanent, and motivation is fleeting. How to develop discipline? 🧐 You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life. THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb 🚀💣 My first two chapters of free manual . Links below👇🏻 ENGOY YOUR LEARNING 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
25
Stages of Trading Psychology💣 or It's ok not always be ok😉Hello, dear friends. 💋I feel amazing publishing EDU posts.💥🚀 And now I wanna share with you an useful post. 💪🏻It's very important now. 🔥 Because the market situation is still ambiguous! Enjoy it.🧡 Optimism - It all starts with a positive outlook on the market situation, which leads the trader to open a deal. Trade in anticipation of future success. Excitement - The market begins to move in the predicted direction. The trader anticipates events and hopes that success is ensured. Thrill - The market continues to move in the direction the trader needs, this is a moment of joyful fading. At this stage, the trader is fully confident in his trading system. Euphoria - Point of maximum financial risk. Investments turn into quick and easy returns. Trader completely ignores risk. Anxiety - Oh no, the market is turning around! The first signs of movement appear not in favor of the trader. But he does not notice this and believes that the market will recover and the trend will continue. Denial - The expected market recovery did not happen. The trader does not accept what is happening and remains in position. Fear - Reality dictates its own rules, and the trader begins to realize that he is not as smart as he previously thought. Instead of confidence in success, thoughts begin to get confused. Desperation - At this point, all profits are lost. The trader had a chance to take profits, but he missed it. Not knowing how to proceed further, he is trying to do everything to return at least to the breakeven point. Panic - The most emotional period. At this stage, the trader feels his ignorance and helplessness and is wholly in the grip of the market. The mind is paralyzed, which sometimes leads to meaningless actions in the market. Capitulation - The trader has reached the limit of patience and closes the position so as not to increase losses anymore. Despondency - After exiting the market, the trader no longer has the slightest desire to enter into transactions. Depression - The trader begins to blame himself for the stupidity of why he did not close the deal on time. Some choose the right path and begin to analyze what went wrong. Real traders are born precisely at this stage, studying past mistakes and drawing conclusions. Hope - “I can still do it!” In the end, the trader returns to the realization that there really are cycles in the market. He begins to analyze new opportunities. Relief - At this stage, the trader restores faith in his future in the market and starts trading again. The stages considered by us well demonstrate how psychology influences trading. 80% of success in the market directly depends on the correct psychological state of the trader. I wanna remind You, that I have already created two chapters of my own free training manual here, you can familiarize yourself 👇🏻👇🏻👇🏻 Thank you staying with me🙏🏻 Love YOU🧡🧡🧡 Always Sincerely Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
33
📢 Moving Average (MA)Hello, dear Friends!🧡🧡 Today we are talking about Moving Average (MA) !!! Link on a good view👇🏻 📢 The moving average is one of the oldest and most common technical analysis tools. The moving average - that's average price for a given period. 💡 The period for calculating the moving average is selected at the discretion of the analyst (for example, it can be 25 days). On my chart you can see 25-day moving average of Bitcoin price. 🧐 ☝🏻 Being the average price over the past 25 days, the moving average on th chart reflects the coincidence of investors' expectations over the past 25 days. If the price is above the moving average, then the current expectations of investors (i.e. the current price) are above the average of their expectations over the past 25 days and bullish sentiment is growing among investors. And vice versa: if the price is below the moving average, then current expectations are below their average level over the past 25 days. 🎯 Traditionally, a moving average is used to monitor price changes. Typically, investors buy when the price rises above the moving average, and sell when it falls below it. 👍🏻 The advantage of such a trading system using the moving average is, that it allows you to play in the direction of the current trend: after all, any more or less significant change in price is necessarily preceded by a corresponding breakthrough of the moving average curve. 👎🏻 Its disadvantage lies in a certain delay of signals. If the tendency of the trend is insignificant (usually it should be twice as long as the period of calculation of the moving average), then you will incur losses! That's because of this disadvantage I don't use this indicator.🤷🏻‍♀️ But many successful traders include it in their trading system. The choice is yours! 💪🏻🧡 Thank you for staying with me!💋 Sincerely your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
28