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Principles

BTC futures Entry Stop and Target with money management -Price is in contraction and building shelf at the high - buyers will freak out as stops start getting run and fall back into previous swing - buyers from last low want to step up and buyers that missed the last run will pile in at the higher low. - stop is under known buyers that held and entry is at buyers that lifted price to new high - this is based on principles of supply and demand, buyers and sellers and contraction and expansion - this may work or it may not.
CME:BTC1!Long
by pauliet
10 RULES that every WINNING TRADER KNOW and applyHey everyone ! Aside from my degree in corporate finance from the Columbia Univesity in New York City, i was honored to participate in trading classes of the New York institute of Finance, and also talking with several really famous traders. Here are 10 rules that I have been able to put together during my learning path and that serves me on a daily basis. I wanted to share it with you. Don't forget to give a thumbs up! 1. Always be disciplined - Follow your plan and rules - Do not be swayed by your emotions to act otherwise - Do not create excuses to break the rules – this time is NOT different! 2. Plan the trade, trade the pla n - Always cut your losses according to plan - Always let your profits run according to plan - Separate your planning from your execution 3. Expect losses - Losses are part of trading – accept them. - Do not take a trade unless you are willing to accept the risk (possibility of loss) - Accept that you will lose money on some trades 4. Manage your emotions - Always analyze objectively - Clear all positions to have a neutral frame of mind - Do not act based on greed or fear 5. Focus on trading well - The goal of a trader is to make the best trades - Money will naturally follow - If you focus on money, emotions will get in the way and you will not be able to make the best trades. 6. Do not overtrade - Be patient. Do not rush into a trade. - Do not trade when there are no good setups - Do not try to be in the market all the time 7. Trade what you see, not what you think - Don’t concern yourself with why things are happening - Markets are never wrong, opinions are 8. The trend is your friend - Don’t enter just because it looks “overbought” or “oversold” - Don’t try to catch a falling knife - The easiest money is made trading with the trend 9. Do not repeat your mistakes - Keep good records of your trades and thought process - Analyze your mistakes, then move on - Do not make the same mistake again - Continuously improve yourself 10. Have realistic expectations - Do not try to make incredible returns overnight - Aim for small consistent returns over a large period of time (steady and continual growth) - Do not expect to become an expert overnight - Trading takes time to build experience
BITSTAMP:BTCUSDEducation
by Thomas_Zito
1