In this video I cover the topic of "Compound Interest". I go over the WHAT, WHY, WHO and HOW of it. The Importance of Compound Interest in Trading Compound interest is a fundamental concept in the world of finance and trading, offering a powerful mechanism for growing wealth over time. Unlike simple interest, which is calculated only on the principal amount,...
Automated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows: Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your...
Most of the time growing an account is a very slow grind. Make some, lose some, hope to make a little bit more than you lose. For example, with an average risk to reward of 1 to 5, and a win ratio of 21% (not counting once a year outliers), which is pretty good, breakeven being at 16.67%, after 100 trades the result will be - with a risk of 1% (flat) each...
Price dynamics from the perspective of a trader who uses scaling techniques.
11.27.19 Yesterday I uploaded a video suggesting that the dollar was going higher. Today is the follow-up in a quick review of that market. Next I discussed oil and talked about ways of taking profit and scaling entries and exits to make more money with less risk. And then I took an example using the oil chart of how markets are really much more likely to benefit...
Looking at price action around trend lines. Measured moves. Scaling techniques to reduce loss.
comparing gold to DXY; potential scaling technique for gold ( probably a little too risky here because of the very bullish three day move higher is the DXY.
Scaling techniques can have a highly beneficial effect you trading results...and "Bale you out" of costly market corrections if you have a working understanding of market dynamics...and you recognize that adding positions also increases your risk exposure...and should be factored in accordingly. Here is an example.
Many charting tools require a proper scaling of price / time. This is the method I'm using to scale my charts if needed. 1) Draw a rectangle somewhere on your chart 2) Set it's coordinates to 1:1 So if the price coordinates are 300/350 , set the bar (time) coordinates to have the same difference of 50 in this case 3) Draw a "Fib Speed Resistance Arc"....