Did you know that most beginner traders can't follow their rules for 7 days in a row? Unfortunately, they start overtrading or changing the rules of the system, entering random trades, overrisk, etc. I've been there many many times myself, but then slowly started focusing on this part and made my first 7, then 10 days of rules following, broke with another tilt,...
1. Study. Learn how financial markets work. Years ago I took Khan Academy's free courses on the financial markets. It really helped reinforce what I already knew, taught me new stuff and solidified my confidence in understanding how the financial markets work. Here's the link: www.khanacademy.org Learn the basics of Technical Analysis. For this part I read...
1 Check D for trend and last candle for daily bias 2 Check EMA on 4H for trend 3 Use fib on H for 50% entry level 4 Check the news 5 Locate Fair value on 5M 6 Note the range on 15M 7 Draw T entry in 15M 8 Place limit order on 15M 9 Use 1% risk 10 Move stop at 50% profit
Hey everyone ! Aside from my degree in corporate finance from the Columbia Univesity in New York City, i was honored to participate in trading classes of the New York institute of Finance, and also talking with several really famous traders. Here are 10 rules that I have been able to put together during my learning path and that serves me on a daily basis. I...
⚠️FOMO, or "fear of missing out," is a common emotion that can lead to impulsive and potentially reckless trading decisions. ⚠️ ✅Here are five key rules to help you respect and manage FOMO in your trading: 🔵 Use risk management techniques. Proper risk management is critical to successful trading. This includes setting stop-loss orders to limit potential losses...
1. Don't panic: Losing a trade can be frustrating, but it's important to remain calm and not make any hasty decisions. Remember that investing in stocks and cryptocurrency carries inherent risks, and losing a trade is a normal part of the process. 2. Don't hold onto a losing position: If a trade is not going in your favor, it's generally a good idea to cut...
**Publishing again because it got taken down by Mods** While this has pulled back recently - it reminds me of a lesson from the great trader William O'Neil and his lesson for the "WALL OF BLUE" 🟦 Not many know this rule, so hope you like it! Wall of blue rule states that when you have 4+ weeks of blue volume bars (blue volume bars = volume when the week close...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Trading is simple, but not easy. Traders have difficulty succeeding simply because they are unable to follow clear rules over extended periods of time. So what are the rules that every trader should follow? 💸 1- Only invest what you Can Afford to Lose. Only invest money...
🏆 Accept the losses . Losses are inherent in trading. There is no earning trader who will not suffer a loss from time to time. In the case of trading, a mistake involves a loss of capital, which can be painful at the very beginning of learning, but as you develop your skills and expand your range of competencies, you begin to understand that it is impossible to...
1. Trade according to the system. 2. Keep statistics. 3. Have strict risk management. 4. Adapt to the market. Trade according to the system When you trade without a system, it's gambling. Usually, when you ask a beginner why he has opened a position, he uncertainly begins to refer to the fact that someone gave him a signal, or that he thinks it's time for...
Markets across all asset classes hate uncertainty because it causes traders, investors, and all market participants more than a bit of indigestion. Fear and greed are emotions that drive impulsive behaviors. Effective decision-making depends on a rational, logical, and reasonable approach to problem-solving. The Fed finally addresses inflation Recessionary...
A perfect trading environment? Volatility is a mixed blessing. Day traders love lots of action as it creates opportunities to make or lose money. Day traders are action junkies, looking for price moves and technical patterns like predators hidden in the reeds to pounce. Trade or investment- Make a choice before pulling the trigger Trading- One set of rules ...
Hello everybody, today, we are going to talk about Warren Buffett and his rules and advice. Who is Warren Buffett? In an abbreviation, he is an american businessman and investor with an property of over 100 billion dollars. He is an old-school, but in some way, his rules are really impressive and are working. He also wrote an preface for the best book ever...
Hi Guys 👋 I wanted to share with you a mistake in trading that can severely hurt a trader, but I saw that all my cases and experiences are similar to Cory Mitchell experiences, so I decided to share this text with you to read it from Avoid the mistakes we made in the beginning and move forward with a certain order and strategy and make a profit. 👇👇👇👇👇👇 My biggest...
I have on the wall next to my trading desk a list of 10 rules which I remind myself of every day. These are rules that I've come up with as a result of mistakes that I've made in the past. New traders often have misconceptions about what good trading looks like, or how a successful trader behaves. The barriers to getting into trading today are low, but the...
As traders we are our own worst enemies! A common theory with trading is as follows. 10% is having a good strategy, 30% is having good risk management and the final 60% is psychology. If we as traders fail to address the final psychology part of the sentence above then we as traders will fail in the markets. The chart shown in this idea is EURGBP working the...
In this video we go over the 8 best trading rules we have come up with from our own direct trading experience! We hope atleast one of these rules helps you on your journey to trading success!
It’s impossible to trade or invest and not find yourself into a losing position. That’s just the way things are. And a large trading loss can be devastating. Not only financially, but emotionally. As defeating as losses feel, how you react to a big loss is more important than the loss itself. Inexperienced traders suffering a large loss can become hijacked by...