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My Most Used TradingView Hotkeys!Just wanted to highlight a few of my most-used TradingView hotkeys: ALT + H: Horizontal line – Ideal for marking round numbers or mark tight support/resistance areas. For broader S&R zones, I often use the rectangle tool. ALT + V: Vertical line – Rarely use it, it’s handy for highlighting specific dates below the chart. ALT + T: Trendline – Provides quick access to one of the most essential tools for analyzing long-term stock movements. [* ]ALT + I: Invert the chart – Probably the most interesting hotkey! If you find it challenging to take "SELL" setups or tend to prefer "BUY" ideas, flipping the chart can reveal a fresh perspective. If your bias remains unchanged after inverting, it may be a solid setup for you. This can help reduce psychological biases; sometimes, just viewing it from another angle makes all the difference. ALT + S: Take a screenshot – An easy way to share your chart with friends or colleagues. ALT + F: Fibonacci tool – I’m using it less often lately, but it’s still there when needed. ALT + W: Add to watchlist – Quickly adds interesting charts to your watchlist. ALT + A: Set an alert SHIFT + CLICK: Measure tool – Instant access to measure distances or changes on the chart. Hopefully, this helps save you a bit of time hunting for these tools. After all, time is money! Regards, Vaido
NASDAQ:TSLAEducation
by VaidoVeek
10 Rules for Successful Trading1. 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 "Technical Analysis of the Financial Markets" by John Murphy. I read the whole book not once, but twice, and I constantly refer to it to refresh my memory. You can also get the supplemental workbook to do exercises and test your proficiency. Link: www.amazon.com Learn the basics of Macroeconomics and Microeconomics. Khan Academy also provides excellent free courses in this subject area with quizzes and tests to confirm your proficiency. This part is important for understanding the big picture. Link: www.khanacademy.org 2. Develop a trading plan. Write out your trading plan step-by-step and follow it every time. If you don't do this, you won't be consistently profitable in the long term. Never trade on a whim, even if you fear missing out on a big move. I would rather miss out on a big move up because I took the time to develop a plan than jump in without a plan and experience a big move down. Here's a good resource for how to develop a trading plan: www.ig.com 3. Find a trading mentor. Find someone who is more experienced than you and learn from them. I was able to connect with a very experienced trader here on Trading View with whom I share watchlists and get trade ideas from. We chat regularly and confirm or critique each other's ideas. Having a trading mentor has been invaluable to my trading. It's important to find someone who is trustworthy and competent, and willing to critique your trading ideas. Often we as traders only see what we want to see in the chart and miss or ignore obvious clues that go against our theory. For example, what one person sees as a triple bottom (bullish) another person may see as a bear flag (bearish). Another way to learn from other traders is to subscribe to traders who post high-quality content on Youtube. I subscribe to a few great trading Youtubers who give me all kinds of insights. My trading has definitely improved because of learning from other traders. With this said, don't go overboard. Find just a couple of good people to follow. You don't want to follow dozens and dozens of traders as you will suffer from information overload. 4. Manage risk. Preserving your capital is necessary to stay in the game, so you need to manage risk. No matter how good your charting may be, some of your trades will go against you and will need to get out. That's why I always use stop losses and get out of a trade at a certain predetermined level. Stop losses always limit loss, but do not necessary limit profit. This in turn allows you to only be right half of the time (or in some cases even less) and still be profitable. The topic of stop losses actually warrants it own discussion. In the future, I will be writing a post on how to place your stop losses. Other risk management strategies include: limiting the amount of margin you use, only risking a certain percentage of your portfolio on any given trade, and diversifying your portfolio. A key difference between trading and investing is that investing does not (typically) employ stop losses. Long-term investors typically manage risk by using diversification. 5. Be humble. Check your ego at the door. It does not matter if you're right. The only thing that matters is your money. Never stay in a trade because you don't want to admit that you were wrong. I've seen plenty of charts that looked amazing and then a black swan event happens. Perhaps one of the best ways to think about it is to consider this paraphrased statement from the legendary trader Larry Williams: "Regardless of past performance, never forget that every new trade you make only has a 50% chance of success." I have seen some Trading View users who are completely consumed by pride and post their win rates and super high-profit percentages. I steer clear of these traders because they fail one major rule of good trading: staying humble. Past performance is not a guarantee of future performance. 6. Keep a journal. This one is very important. Whenever I learn something new about trading, I write it down in a trading notebook. Whenever I make a mistake, I write down what went wrong and what I learned from the mistake. My trading notebook contains my strategies both for bear markets and bull markets, contains the steps for my daily routine, contains my screener criteria, and contains a listing of all the important things I've picked up over the years of trading. 7. Track your assets. Employ some kind of a method for tracking your performance. Even though it's time-consuming, I use a spreadsheet. 8. Avoid speculation. Never trade based on speculation or emotion. Never buy or sell an asset because of fear (whether fear of a market crash or fear of missing out on a huge rally). Never enter into a position simply because you like the company, and similarly do not avoid selling your position because you love the company too much. The most successful traders are rigorously unemotional and unattached. In my opinion, I define anything that does not involve an analysis of data as speculation. I have also come to learn that by the time everyone is talking about something, it is usually at peak mania and will not go up further. For example, when your co-worker or close friend is talking about how much they made from Bitcoin, it's probably time to sell. Similarly, if you see everyone on social media posting photos of how much it costs to fill up their car with gas, it probably means we're at the peak of gas prices. 9. Learn how to use your charting platform. One of the best things I ever did to master my charting was to spend a few weeks doing nothing but just learning all the features on Trading View. When I first signed up for Trading View I was overwhelmed by all the tools, indicators, strategies, and ideas on here. So I knew I had to take a timeout from trading and just learn the tools first. For several weeks rather than focus on trading, I focused on learning Trading View. I favorited indicators that work best for my strategy, I created layouts and explored every nook and cranny on the platform. Trading View is incredibly powerful because it provides access to so much data. Having access to data is power. By taking the time to learn how to use all of its tools, I was able master the financial markets to a degree that I can now make predictions just good as those high-paid Wall Street analysts. Your subscription will pay for itself through the profits you make. 10. "Look first. Then leap." Always chart out your entry point, stop loss, and profit target before entering a trade. Ask yourself: How much risk am I willing to take for how much profit? Here's a great resource from Investopedia that inspired this post: www.investopedia.com This list of good trading rules is nowhere near comprehensive, so please leave a comment below to share your rules and tips for successful trading!
Editors' picks
AMEX:SPYEducation
by SpyMasterTrades
132
TradingView Masterclass: How To Use Drawing ToolsWe continue with our Masterclass series, which we created to teach people how to get started with charting, research, and analysis. In this lesson, you’ll learn all about the Drawing Panel located on the left side of your chart. Let’s get started! Drawing tools 🎨 There are eight categories in the drawing tool section: Cursors, Trend line tools, Fibonacci tools, Patterns, Forecasting and measurement tools, Geometric shapes, Annotation tools, and Icons. In addition, just below these categories, there are handy features that augment and optimize your research in specific situations, such as zooming in/out, measuring, and a magnet tool for selecting specific price points. Let’s analyze each of these in detail: - Cursors: Located at the very top corner of the drawing tool section, Cursors gives you the capability to change your mouse as you move around the chart. For example, we have other variations such as the dot cursor or the simplest of all, the arrow cursor. Finally, we have an eraser tool to remove objects from the chart by clicking on them. - Trend lines: Trend lines can be used to identify and visualize the direction of a price trend, and are sometimes used for drawing support or resistance lines as well. In this section, you can also find trend channels and pitchforks. - Gann and Fibonacci tools: These advanced tools are often used by technical analysts and quants to locate retracements, pullbacks, measured moves, and advanced price sequences. The Fibonacci tools include retracement, extension, fans, arcs, and more. The Gann tools include box, square, and fan. - Patterns: In this section, you’ll find popular drawing tools for mapping our complex patterns that require several different points to be drawn such as Elliott waves, head and shoulders, and impulses. - Forecasting and measurement tools: These invaluable tools are used to make projections either long or short, study specific stats such as time or price ranges, and also give you the capability to analyze volume with VWAP and volume profiles. - Geometric shapes: These tools are where you can find the brush tool to freely draw on your chart, but it also goes deeper than that, as there are also important shapes whereby a trader can highlight important areas on the chart with a rectangle or arrow such as accumulation or historical rebound zones. - Annotation tools: These can be used to write notes, reminders, prices, and journal entries. These are key tools for traders who want to track their progress over time and always have specific notes attached to the chart. It also includes the ability to insert X links and images from your computer. - Icons: Need a little more color or character on your chart? This section gives you hundreds of emojis, icons, and stickers to add to your chart. Highlight an area, add more art to your chart or spice up your creativity. Tip: Keyboard shortcuts 🔠 Did you know that you can use keyboard shortcuts for the most popular drawing tools? To find out the command, you need to open the drop-down menu of one of the 8 drawing tool categories and you will see the command on the right side of some tools. For example: Alt + T = Trendline Alt + F = Fib retracement Alt + H = Horizontal line Alt + V = Vertical line Alt + I = Invert chart Alt + W = Add current symbol to watchlist If you're a Mac user, use ⌥ instead of Alt. Measure and zoom 📏🔎 When you use the Measure tool (the ruler icon just below the 8 drawing tool category icons), you can see at a glance how much an asset has fallen or risen in numbers, percentages, bars and days. Combined with the Zoom tool (the magnifying glass with +/- icons), you can also focus on the most important areas of the chart. For both measuring and zooming, the procedure is the same: select the tool, click on the point where you want to start measuring or from where you want to zoom, and end with another click where you want to end. You can also use the "Shift" hotkey instead of the icon. To remove a measurement, simply click on the chart. Magnet mode 🧲 Magnet mode is a wizard that helps you to bring the drawing tools closer to the nearest price bars that you hover over with the mouse. There are 2 modes: Weak magnet and Strong magnet. This tool allows traders to perfectly connect a drawing tool to a specific price point. The current values are OHLC, meaning when Magnet mode is turned on, all drawing tools will connect to the nearest open, high, low or close value. Want to draw support lines that always connect to a specific price? Use this tool. Stay in drawing mode 🎨 If you are going to make several drawings on the chart at the same time, you may find it useful to activate this option (pencil + padlock icon), as it will allow you to make as many drawings as you want without deactivating the selected drawing tool. Remember that you must deactivate this option to return to normal mode. Lock all drawing tools 🛑 Once the chart has been configured, if you do not want to make any further changes, you can lock everything that has been drawn with this option (padlock icon) so that you do not accidentally delete elements in the future. Hide/Show drawings/indicators/positions & orders 👁‍🗨 This option allows you to toggle the visibility of the drawings, indicators, positions & orders or even all three to make comparisons with a blank chart. The keyboard shortcut is "Ctrl + Alt + H". Drawing sync 🔄 This allows you to synchronize the drawings of the selected charts in the current layout or in all layouts (globally). You’ll surely want to test this feature as it’s perfect for those who perform multi-timeframe technical analysis and research across multiple charts or timeframes. For example, when this tool is turned on, if you draw on one chart, all of your drawings will appear on your other charts that have the same symbol. Delete objects 🗑 With a single click, you can delete all drawings or indicators, or even both at the same time. There are also a few other options to remove specific things on your chart. Use this tool wisely and don’t accidentally delete everything! Show favorite drawing tools toolbar ⭐ To set up the favorites toolbar, first, you must first go to one of the eight drawing categories and click on the gray star in one of the tools. When you click on it, it turns orange and the quick access toolbar for drawing tools is created. Once you have selected all your favorites, move the favorites toolbar around so that you can use it conveniently every time you want to draw something on the charts. That’s a wrap! We hope you found this guide valuable. We'd love to hear about your favorite drawing tool, so please share your thoughts in the comments below. Additionally, if you have any feedback or suggestions, drop us a line. - TradingView Team
Editors' picks
NASDAQ:TSLAEducation
by TradingView
49
3 Rules To Follow When Trading While Working Full-Time👋 Hello, and welcome my name is Dean Muller from WealthTIP where our tip for wealth is to trade invest and prosper, today’s post is focused on the 3 rules that I believe you need to follow if you want to actively and successfully trade the markets while still working a full-time job, business, or side hustle. So, if you enjoy this type of content then go ahead to leave a thumbs up and that way we know that we’re on the right track to meeting your content needs. Now that we covered that, let’s jump over to the first rule you need to implement as a trader, working full-time. 1. 📝 Create a Watchlist I remember when I started trading I only traded one pair, and that was the GBPUSD, as I began honing in on my skills as a technical trader, I started looking at a few more pairs, and the more pairs I looked at the more opportunities I saw, the problem was however, that I wasn’t able to keep up with the movements of each pair and this coursed me to lose focus on the pairs I had positions on and ultimately mismanage a lot of the trades. I then reached out to a good friend of mine and he suggested I create a watchlist now at the time I had absolutely no clue what a watchlist was, and if you don’t know what it is, it’s simply a list of pairs that according to your strategy has potential trade setups coming together with a probabilistic profitable outcome. Now if you would like me to do a video showing you how to put a watchlist together, then simply write a comment in the comment section below and if we get 100 likes on this video then I will be happy to put one together, but for now This is a cardinal rule for anyone trading, while still working full-time. 2. ⏰ Set Trade Alerts When you are working, vary rarely are you able to access the charts freely, this means that you could miss out on the very opportunities you identified when you put your watchlist together. The best way to combat this is to use platforms like tradingview that allows you to set trade alerts that will notify you when the market is on an area you deem significant. Setting these alerts ensures that you aren’t distracted by the charts while you working and you won’t have to check your phone every 5 min, instead, you only jump on the charts once you are notified, making it easier to focus on your job, while still having a hand in the markets. 3.🎯 Use Pending Orders Pending orders are a powerful tool that trading platforms provide all traders with, and no one benefits more from pending orders than someone working a full-time job. Personally after putting my watchlist together I have a good idea with regards to where I intend to enter the markets, and because I do my watchlist over the weekend when the markets are closed, I set all my pending orders as soon as the markets opens Sunday midnight. What this allows me, is the freedom to focus on other things while still having a hand in the markets. Now if you would like to know more about how you can use pending orders to make your trading easier give this video a thumbs up and I will be sure to put that into our project list. And always remember, if you frustrated, annoyed, angry or anxious when trading, then you doing it wrong, and should check out our Foundation Series, where we explain the process to successful technical analysis in a plain, and simple way. Furthermore, I really do hope that you were able to extract some value from today’s post, and if you did be sure to hit like and share so that we can continue creating content that not only serves you, but equips you to successfully and joyfully navigate your way through the financial markets. So until next time, you should keep well and bye for now.
Education
by DeanMuller