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Trade like a casino! 🎰🎲💵Yep you heard me right you need trade like a casino 🎰 Key bit here is trade like the casino operates their business model. Don't trade like the clients that frequent the casinos. Why should you trade like a casino? Profitable traders understand how casinos are successful. Casinos are profitable and make money because they have an edge which they let play out. They know probability is in their favour. How many times have we all been at a roulette table thinking we have a 50% chance of winning betting on red or black. We all seem to forget about that green zero on the table and here in lies the casinos edge. With having an edge they let play out it's impossible for them not to make money. The casino is comfortable with every outcome on the bets placed knowing the edge will play out. Losses are seen as a cost of business, risk is controlled and emotions to are in check. This is why the house always wins! 🎰🤑 If you as a trader apply the same logic's to your trading strategies the end results will be the same as the casino. If you choose to trade like one of the clients in the casino with no fixed rules you essentially are gambling with you trading. Subjectivity and emotions will come in to play. Random winning and losing runs will occur which will impact trading psychology. This way of trading will only end in one way and that's by giving everything to the house or in this case your broker! Development of a strategies with proven mathematical edges ensures you will become the house 🏦💰 Once an edge is established trust your strategy and let that edge play out. ----------------------------------------- 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. Thank you. Darren
Education
by pow_removetheguesswork
The Structure of the Financial Market:Soon, i will going to post here to explain that special session, choose my favorite par, my plans for the next years and how to be prepared for the next burble cycle of cryptocurrencies and more to discuss like my plan to invest in stocks, gold, silver and more. But I'm interesting to invest and trade stocks soon more later But soon trade the rest of market like forex, commodities as gold, silver and oil and index Soon this will be moved to educational content!!! Still alert today, in the next hours this comment box will be update!!!
COINBASE:BTCUSD
by harisonhbn9718
1
[EDUCATIONAL] BULL Flag on ETH/USD - Full ExplanationIn this technical analysis we are reviewing the price action on Ethereum. The confirmed bull flag is a very powerful signal and I will be explaining how you can trade it. Both flags and Pennants are quite similar to each other and have proven to be powerful chart patterns in technical analysis. They are considered 'continuation patterns'. First of all it is important to understand where the name is coming from. If you look at the picture to the left you should get a pretty good idea. The price goes up strongly (in case of a bullish pattern, downwards for bearish) and then enters a moment of soft consolidation with a slight bearish trend (or in case of a bear flag it should be bullish, you get the point). The price is expected to continue in the direction of the move it had seen before (in this case the strong upwards momentum) after it breaks out of the flag. Ethereum has JUST confirmed the breakout on the bull flag, which should indicate a bullish continuation according to this pattern. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:ETHUSDEducation
by Trading-Guru
11
[Educational Content] - How to trade RSI DivergencesIn this technical analysis I will go into depth on how to trade an RSI Divergence taking this beautiful textbook example here on NWC. RSI Divergences help to mark reversal points. In this trade set-up I suggest a long position on NWC / BTC after we spotted an RSI Divergence and already have confirmed it at the horizontal level. The horizontal level gets an insane confluence here after seeing three indicators align. First of all, the price is near the golden zone of the 0.618 fibonnaci retracement, second of all the price is near a strong horizontal zone and thirdly the price has seen a confirmed rsi bullish divergence. *So, what are RSI Divergences*? Regular divergences are reversal signals. When a regular divergence occurs, it indicates that the trend is strong but its momentum has weakened. It provides an early warning that a trend reversal (or at least a pull back) is likely to follow soon. Regular divergences can be powerful and reliable entry triggers. In fact, as far as oscillators go (and technical indicators in general), regular divergences are considered the most reliable early signs of a local bottom or top. Especially when confluence is present, regular divergences can provide “high probability” trading setups. Therefore, strategies involving divergences tend to be relatively forgiving when traded using a low Risk Reward Ratio. For smaller marketcap coins it is also important to check fundamental principles. As you noticed over the last weeks I am a huge fan of NWC. As a trader myself, I am looking forward to the functionality that NWC will add. Interesting knowledge is that the roadmap of NWC is publicly available on their website, which means you can easily predict whenever major events are going to happen and trade accordingly. I found that in Q4 the mobile app is likely to be released, which adds to the bullish sentiment of NWC right now. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
9