Get started

Tradingideas

Trading the bleeding markets with a winning mindset ;)There's a great struggle going from profit to loss. A burst of a bubble, which in it's essence is hope. But this is false. The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper? Truth is - It doesn't. But what it does do is play with your emotion. Our mind has a tendency of expecting the worst once things start rolling in that direction. Take a step back and think about what life threw at you so many times in the past, think about the times you thought things are going to end up the worst but actually didn't. It could be you planned a nice day outside with your partner in the park but it started to rain. But instead of crying about the day wasted and how this is just awful, you ended up cooking together a nice lunch and drinking wine while finding a new great TV show to watch, ending up being one of the best days in a while. Not let's roll back to trading. And let's cut out negative thinking completely just for 3 minutes and look only at the positive. Positive points - 1) Cheap instruments all around to invest in 2) Great practice of mental skills while trading, which truly is the most influential aspect of mastering trading 3) It reminds you the very basics of trading that we lose track of once markets start flying up - Buy low, sell high. 4) Opportunity, opportunity, opportunity - Every time you would have bought into the stock market, over a few year period you would make great returns, same thing goes even for people who bought Bitcoin after the decline of 2018 and pretty much any other pop financial instrument. 5) You're a day trader? Great! Volatility is amazing if you have a strategy which is disciplined and consistent as well as based on risk management. See how bright the light shines at this very moment? Keep it. Be positive. Be hopeful. Be practical. The negative quotes such as - I can lose everything! It's never going to rally back! This is taking too long! I don't have patience for this! This is turning out to be so not fun! I didn't expect to hold this trade this long! How will any of this benefit you in any way? Where's the logic? Where's the gain? Where's the analysis? Where's the market view? Where's the money management? Only look at what is relevant to your success. Block the negative, ignore it completely as much as you can and eventually always. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Thank you so much for reading! I hope you found my idea useful, if you did, please like and follow! It would mean the world to me. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSDEducation
by Exactus
⭐ THE HOLY GRAIL💥 There are varying concepts, strategies and ideas regarding trading. The primary objective is to stay profitable no matter the kind of strategy you use. 💥 Ironically some traders have this idea that there's one strategy that stands out amongst every other one out there. In my opinion, that's BS. 💥Anything and everything works in the market as long as it is back-tested with proven returns. Even the basic Support and Resistance can outperform the most sophisticated strategy if used properly by the trader with consistency and proper risk management. 💥 Every strategy out there has flaws and cannot guaranty 100 percent success rate. There will be losses and inadequacy with every given strategy out there. ***There's NO HOLY GRAIL in trading. Find that strategy that is in line with your trading style. Back test to measure the success rate, if good enough, stick to it and remain consistent with it. Sage Trader's Nugget
BLACKBULL:SPX500Education
by Sage_Trader
Understanding draw down recovery 😬😥Morning traders. Middle of the trading week all ready! I thought I'd take this opportunity to discuss a topic we all fear and we all find ourselves in at some point in our trading journey. That topic being draw down and your account in a loss of starting capital. The table I have drawn on the chart shows the amount of gain required to get an account back to break even depending on how big the draw down is on your capital. Scary stuff when viewed in a simple table format like and hits home just how big of task over turning losses could be. No trading system or strategy has zero losses or draw down and all strategies endure losing runs. To avoid excessive losses there is two crucial elements. Sounds obvious but cut losing trades quickly is the first element, second element is factoring probability into the trading strategy. Probability helps control risk management which in turns keep losses to a minimum, probability is obtained by carrying out back testing on your strategy. You can't plan for probability in your risk management if you have no data for your strategy. The example I am using for this Idea is on AUDCHF H1 timeframe and thanks to our built in strategy tester I can see if I traded this pair in the manner the strategy is set over the last 292 trades at 1% risk I am 22% down on my account. It would not take in the region of a 25% account gain to be back to near break even on my account!!! You don't need a built in strategy tester to gain this information you can also manually back test a strategy in order to avoid losses and to know if you are entering markets with a proven edge. A trading edge means your strategy creates bigger wins than losses. Which in turn means you avoid the situation shown in the table. To avoid hefty draw down don't enter the markets blind with an unproven strategy. Ensure you have back tested strategies with probability factored in to those strategies that way what is shown in the table wont apply to you then 👍 ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Education
by pow_removetheguesswork
My trading method, using the ema 50 and the ema 200 Keep it smart & simple Let history be a good lesson, keep reviewing and questioning your investing methods. I mainly use the 50MA and 200 EMA to time my entries and profittaking. Keep it simple and easy, investing like this helps you sleep at night.What to do with profits ? Stablecoins at 8-10% APR. On my chart, the green marker are points i would take profits, take small bites, don't sell out all at once, don't ALL in (unless we are at All time lows i would consider). On the pink marker, i would buy, DCA, DCA more. Good luck ! 1 buy low 2 buy lower 3 pile up even LOWER when people are in UTTER DESPAIR and start flamewars on telegram 1 sell higher 2 sell high 3 sell HIGHER when people are posting LAMBO pics on telegram
BITSTAMP:BTCUSDEducation
by ShockwavePulsar
My 8 principles to trade byMy trading philosophy As each art, trading is also a craft that requires knowledge, skills and discipline. All of these three aspects of every craft form a philosophy that is individual for everyone. You actions, decisions, thinking and idea - birth process will revolve around that philosophy. As practise comes it forms principles and a routine. Being a professional trader, you will be required to form and exceptional routine and principles. That will get you to the long - term path of being profitable and successful. I will share with you my eight trading principles that I believe in and why. Let my profits grow I don't use take profit. Simple as that. My trading technique as a short to long - term trader doesn't need from me to limit my profits. I am a trend follower as well so I open positions only in the direction of the trend. I am backed by the motto: "Trend is your friend". I let go of my profits to grow, building on the initial entries. I exit when I am psychologically satisfied with the results or when the trend starts to get exhausted. I don't use limits, because they are putting stress on me and who ever wants to limit their potential of profit? Cut my losses fast As letting go of my profits to grow, also I have learned to let go of the positions that are not doing well. Fast. Without hesitation and never putting the trade to stay on hopes and wishes. If for some reason - mostly unpredicted fundamentals are set in to place and the trade stalls, can't execute my technical analysis as well, and I am in to a loss I just close the position. This is healthy for your mental state and for your balance. The market will always present to you the next opportunity to recover and to grow. I also answered your question "Why?". Because I do not hope for a miracle. If a trade doesn't go well, close without hesitation A repetition to the upper paragraph, but this is very important. Forging a strong mental state requires for you to take fast decisions to protect your money. Like in life, saying "No", letting go of toxic people or sacrificing something that brought you comfort for years, so in trading you need to CUT AND LET GO of negativity, losses and always confronting your comfort and safe zones. This will fine your character, mental state you will feel more confident. Forging a "Warrior - fighter" attitude towards trading will reflect in your personal and professional life as well. So that's why I let go of emotions and bad trades. Trade with the trend "Trend is your friend" is a sentence that has turned as a cliche but for me it my axiom in trading. I don't go below 4H chats - I precise the entry there. I chart and stare the daily and weekly charts. Noise is limited and pretty much you don't care about news and fundamentals. The TREND is THE most powerful indicator. Finding it, charting it and discovering the support and resistance levels is enough. If the trend is just forming - that's the perfect entry. If there is a correction, enter on the end of the correction. Never enter in a trend that's too steep and the price is no where or at the consolidation phase, signaling that the trend potentially ends. Some trends continue with months or even years and building positions in the direction of the movement can lead to some very outstanding profits. Some may say "Yeah , too long for me to get my profits". Trust me, if you want to distinguish yourself from the gamblers, take it as a real business and to achieve something, you need patience. Don't rush it. Why? No one became rich in a night or couple of days - in the retail branch. Follow a strict, company money and risk management Even though I work as a professional trader and I follow strict company and risk rules, same applies to the retail traders and everyone else. Proper money and risk management go side - by - side with your discipline and trading routines. There are standard risk rules: Follow 1:2 at least risk - reward ratio, don't risk more than 1% and so on. Understand that trading in the markets exposes your capital to 100% risk if not managed correctly. You are managing your own money. MANAGING. Let that sink in. You on you own are a fund manager. So not following risk discipline is a true disrespect towards your money, the art and to the markets. It may be as much just to go tot he casino. You don't deserve your money and to have the opportunity to trade. You need to be grateful that first you've saved money to enter the markets and secondly - that you CAN actually have access to the markets. From there on you are obliged to respect that opportunity, the spirit of money and trading business. That's why you need to follow a strict risk and money management, even as a retail. Buy low, sell high, look for a correction The tricky part. As mentioned - look for a correction. Observing correction is the way for you to discover the cheapest price to buy and the highest one to sell. For corrections I apply Fibonacci levels on the main trend and on the retracements. In addition I chart the trend lines on the spikes and on the bodies on the candles and I chart the insider (fractal) diagonals as well. Doing that gives you a roadmap of the potential movement of the price. Never trade news Simple as that. Never. It's a complete gamble and I've heard a lot of people saying to place limits and stops for both of the direction to catch the move... Never. Trade. News. Why? Spread can go super wide, lack of liquidity, slippage, platform stall, extreme volatility. You can't use proper management. Anxiety will kick in, stress, 100% risk for your money and mistakes that can lead to a complete wipe out. Never trade before earnings This is mostly for the traders that trade stocks like me. As with the news, earnings can be a true gamble as well. Even though they can be more predictive because they rely on actual and real accounting and numbers, and real fundamental facts, for example a trade war, they can lead to surprises as well. The negative surprises can be a lot more volatile and crushing the price of a stock and the positive. Also earnings are publishes before the opening of the stock market or after the close. In these cases you can't react at all to your opened orders. If you have stop loss on a certain level and price before the opening or after the closes reaches it and passes trough, it will be executed on the next opening and on the first AVAILABLE PRICE! Which can a lot below your initial stop loss. Have that in mind. Conclusion Trading is not simple. But it can be easy and comfortable if you follow strict rules and be disciplined. Do not listen to others, do not follow other analysis and do not follow signals. I don't need to explain why... Trading requires an individual approach, emanating from your character. Trading is a lone profession even working in the proper office or floor environment. Only YOU are responsible for your actions and do not blame other people, persons or events for your mistakes and losses.
TVC:DXYEducation
by DailyChartist
FUN/USDT - The importance of the POCPOC or Point of Control is a critical level highlighted by the Volume Profile tool available on TradingView. It highlights the level at which most volume has been traded: be that buying or selling. What I look for when using the POC is it matching the midline - found at the exact halfway from the Entry and the Stop Loss of the setup. On my charts, the midline is usually drawn in yellow but in this precise case, you almost can't see it because the POC is over it! This is exacly what we want to see. Textbook and I thought it would be worth a share. To keep in mind, this is a second look at a setup on FUN/USDT which previously failed. Take care, Vlad The Crypto Trader
Education
by Be_Independent_Tribe
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign Trend: Sell/neutral Support/Resistance: R1: 1.10259 S1: 1.09775 S2: 1.08999 S3: 1.08375 Price action: Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position. Potencial trade idea: Bears targets: T1: 1.08999 T2: 1.08375 NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
Education
by EliteFxAcademy
How to trade Pachamama signals.Hi everybody and welcome to our first educational post. Pachamama is the consolidation of a group of experienced traders offering free and paid trading signals for cryptocurrencies. In our signals you will easily see the stop loss and take profit than we consider as main targets. We recommend you to follow this steps to maximise your trades and protect your capital: 1. Use aprox. 2% of your capital as a potential lost. We noticed that some of our clients use 5% and they may do well, however we consider 2% very healthy. 2. You may enter at the price where the signal is posted or wait for a pullback to enter within our entry price. 3. Using trailing stop loss protects your trade against a fast pullback that could touch your stop loss, however it could get your trade stopped and still continue your initial direction. Use it as per your convenience. 4. Closing half of your position is another option to stick to profit. 5. Moving your stop loss to break even once the price has reached your stop loss amount in the direction of the trade will make your trade safe from any price direction. 6. Not using any of the above and just leaving SL and TP levels intact is another option. Normally our trades has 1:2 ratio, that means, if you loose, is just 1, if you win, is 2. Thanks for following us and good luck!
BITFINEX:BTCUSDEducation
by Pachamamma
2