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Never invest hard earned money based on social media influencersThese days there are a lot of social media influencers, to be honest most of them do not know about the Crypto fundamentals and what is the tech behind this and how things work in the long time. For an example, If an influencer says to buy and hold SLP token from Axie Infinity for long term, you need to instantly block them, because they do not even know the different types of token and are just misleading people. In this case, SLP is a utility/commodity token with infinite supply, as the number of players increases, more SLP will be minted hence price will go down, given that this game has no good burn mechanism. Such influnecers will come up with a drawing of new trend lines every day, and say the coin is in downtrends, but these trend lines have no impact on utility/commodity tokens. They depend upon the tokenomics. What I want to say is -- Never trust blindly any Social Media Influencer for your hard earned money! Always have curiosity to learn more and develop a trading system that works for you best. Give this new year a new start!
Education
by amit034
14
Trading And InvestingTrading isn’t the same thing as investing.Investors buys stocks and hold them for a long time - often for a too long riding a stock all the way down and possibly even buying more along the way. Traders, on the other hand, hold stocks for as little as a few minutes or as long as several months, and sometimes possibly even a year or more. The specific amount of time depends the type of trader that you are. Investors Investors want to carefully balance an investment portfolio among growth stocks, value stocks, domestic stocks, and foreign stocks, along with long‐, short‐, and intermediate‐term bonds. A well‐balanced portfolio generally offers the investor a steady return of between 5 percent and 12 percent, depending on the type of investments and amount of risk he or she is willing to take. Trader As a trader, you look for the best position for your money and then set a goal of exceeding what an investor can otherwise expect from an aggressive portfolio. During certain times within the market cycle, your best option may be to sit on the sidelines and not even be active in the market.
by NewYeezus
Technical analysis Question (BTC/USDT)G'day peoples, I have recently been learning about technical analysis and am wondering what some more experienced people think of my current analysis of the chart and my prediction. What I'm seeing on the charts is the likelihood for BTC to grow about 3 percent in the next day or two shadowing what it did on the 21st to 22nd of dec from 20.00 to 4.00 on the hourly timeframe. Would I be on point in this prediction? For more experienced traders: Where would the entry point be? Thanks everyone who is able to give me some advice on this. :)
Long
by lochiejy
LUNA NEW YEAR ATH ???First of all, not financial advice. Here, I see a potential triangle pattern forming. The apex of the triangle should be around January 1st ! If the price breaks the apex bullish, we might see a new ATH ! Right now , with the MACD histogram, we can see that the bullish momentum is very. The price as good chances to be pushed on the top of the triangle, completing the 5th elliot wave. Keep in mind that daddy BTC leads the market, so a bearish BTC is a bearish LUNA... Please post thoughts so I can learn from them :)
by JasCracker
Rules By Warren Buffett (Educational)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 written on investing, The Intelligent Investor by Benjamin Graham. 1. Reinvest Your Profits When you first make money, you may be tempted to spend it. Don’t. Instead, reinvest the profits. 2. Be Willing to Be Different Don’t base your decisions upon what everyone is saying or doing. Have your own reason to buy the stock. 3. Limit What You Borrow Buffett has never borrowed a significant amount — not to invest, not for a mortgage. In other words, if you can´t buy it twice, you can´t afford it. 4. Be Persistent A young boy who sold Coca-Cola for a nickel ended up being a majority shareholder of Coca-Cola. This transition does require persistence. Warren is an Realistic Optimist. He believed they will succeed but with planning, effort, and persistence even when times are tough. You don´t have to make deals every day, just watch markets and paper trade. 5. Know When to Quit Once, when Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. Buffett never repeated that mistake. 6. Know What Success Really Means Despite his wealth, Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities. 7. Stay In Your Circle Of Competence Imagine Circle with 3 layers. In the smallest layer, inside the circle, are things that you really know. In middle of circle are things that you think you know, but you don´t. And in an outer layer, the biggest one, are things that you don´t know. Warren recommends to stay in the smallest layer and just buy what you really understand. Otherwise it doesn´t mean that you have to be closed to every opportunities, but first of all, learn something about it. And this leads us into another topic: 8. Always Learn This is really important to understand, because you have to learn new things, that´s no rule, it´s an habit that you need to make. Learn about market every day, read articles, books, papertrade, watch youtube. In these days is super easy to learn something, all you need to have is good wifi connection and phone or notebook. Warren reads up to 500 pages every day. Try to beat him :) (good luck) 9. Two Legendary Rules These 2 rules are good to know, it seems really clear, but someone had to tell you: 1. Never Lose Money 2. Never Forget Rule Number One And that´s serious guys! Never lose money, that´s not your style. 10. Diversify When you are buying penny stocks, you have to buy one large-cap stock, because penny stocks are volatile and can drop to 0. It can make you big profits or big losses. With a large-cap stock, you will protect your portfolio from total crash, because large-cap stocks are not as volatile and as risky as penny stocks. You should diversify in sectors too. If in your portfolio are only oil companies and price of oil will go rapidly down, well, good luck. When you have money in oil companies, you should buy some stock from another sector, for example real estate or healthcare. Quotes By Warren Buffett „Cash was never a good investment." „I´d rather buy a wonderful business at a fair price, than a fair business with a wonderful price." „Big oppportunities in life have to be seen." „No matter how great the talent or efforts, some things just take time. You can´t produce baby in one month by getting nice women pregnant." End So, seems like we are at the end. Thanks for your effort to read it all, because my view is that it is really educational and you should know it. If you agree with me and Warren Buffett, please make sure you liked and i´ll see you again at another post. Have a nice day.
SP:SPXEducation
by TommyTK247
2
Morning star candle pattern buyer-seller psychologyMorning star candle pattern buyer-seller psychology: The sellers are in complete control in the downtrend before the pattern starts, * The first candle in that pattern sells heavily, and with the Big Red candle the sellers paint a picture of their full control. • The opening of the 2nd candle has a selling down through a gap down, then the sellers start buying when the price goes down. This leads to a lot of buyer-seller fights and an indication of small body red / green candles. * The seller loses control of the 3rd candle through the gap up and the buyer takes full control of the green candle. The uptrend begins. # Conservative traders wait for the 4th candle for confirmation and many enter the 3rd candle gap up
COINBASE:LTCUSDEducation
by PRINCE_MAHMUD
Morning Star Candlestick Pattern: Trading strategy!🌟🕯️ ✳️The Morning Star candlestick pattern is a candle formation that can often be seen on price action charts. It has a bullish character and can often determine the main minimum of market fluctuations. ✳️Three candles in a figure are one of the mandatory conditions of the pattern. Nevertheless, it is quite easy to find the morning star on the chart. It's easy to make sure of this – just look at the shape and location of the “Morning Star" figure. ⚠️ The shape of the Morning Star pattern So, the formation consists of three Japanese candlesticks. Each of them must meet certain requirements. 🔵 The first candle is a bearish one with a rather large body and the absence of wicks or their presence with a very small length (no more than 10% of the body); 🔵The second candle is with a small body or completely without it. The candle should be with small wicks. The color of the second candle does not matter; 🔵The third candle is bullish with a large body. The body of the third candle should cover most of the body of the first candle (or engulf the whole body). Also, the candle should be without shadows (ribose) or with very small shadows; 🔵There should be a gap between the central candle and the other two. But, as practice shows, it is not always a prerequisite. ❗ Location of the candle model "Morning Star" ❗ The morning star is a bullish formation. Therefore, it is located at the end of a downtrend. The central candle is the local minimum of the downtrend. After the formation of this Price Action pattern, you should buy an asset. ❗ Signal amplification of the Morning Star model ❗ 🔴If the central candle was formed without a body, then the pattern gives almost 100% about the change of the downtrend to an uptrend. This model is also called the "morning star Doji" or "abandoned baby"; 🔴The presence of a gap between the central candle and the other two candles strengthens the trading signal; 🔴The bullish central candle is stronger than the bearish one. But the strongest is bodiless; The third candle completely covers the first candle; 🔴The presence of a small trading volume at the first candle and a large volume at the third candle strengthens the model. ✅ When to enter into a transaction We enter into the transaction after the closing of the third candle. It is confirmatory in the "Morning Star" pattern. This is a kind of guarantor of the model. ✅ When not to enter into a transaction Everything is simple here. If the pattern does not satisfy the main conditions, then we do not enter into the transaction. It will no longer be a morning star model, but something else. ❤️Friends, If you want more of these articles, like comment and subscribe❤️
Education
by TopTradingSignals
22
How To Be Success Trader II Lesson 11 - You must learn analysis and basics well, such as knowing important terms such as margin, leverage, lot, point, pairs and the relationship between them, the meaning of indicators and commodities and how to calculate the point,, and then delve into technical analysis and study the basics such as trend lines, supports, resistances, Fibonacci, price action and patterns 2- You must create a successful and good trading plan for yourself and you must take into account the trading times, the fixed strategy you will work with, the choice of pairs and the time frame that you will work on. 3- You must first practice on a demo account, preferably with the same amount of capital that you will deposit in your account later, so that you can know the measure of your profit and loss and better test your psychology and strategy. 4- Do not use hedging (hedging is buying and selling at the same time on the same pair) 5- You should be a good watcher of the news, because there is strong news that you should avoid trading while it is being issued in order to preserve your capital.
OANDA:XAUUSDEducation
by Fx_Vanguard
2
XAUUSD BUY OANDA:XAUUSD 1. Overall trend was bullish. 2. D was bullish 3. 4hr candle was creating HH HL 4. 1hr was ranging. 7pm candle made a strong rejection. 5. Took a buy with a smaller lot (dynamic risk) when the 7.30pm candle broke the prev 30m candle with SL below the prev 15m candle around 22 pips. 6. moved the Sl to the below the new 15m candle (8.15pm) around 17 pips. 7. Took another buy when the candle broke the D's high anticipating to push higher with the NY volume and clean candle to the left (40 pip range) 8. Closed the first position with 20 pips and the 2nd position with 11 pips. Since it was a monday I closed everything and did not leave a runner
OANDA:XAUUSDLong
by Govv510