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Shorting ALLK at 65.31. Change from open 124Following is a video of a simulated trade in which I made $724 by shorting ALLK. I saw the stock at FINVIZ after the market had opened and saw that it had risen up to 124%. I quickly went on TradingView to see it was double than most of its days and shorted it knowing it would come down after a while. I didn't know how fast. I started with stocks about 4 months ago. If anyone would like to criticize any part of the trade you are welcome to do so. I'll start trading with real money right before 2019 Q4. Sorry about the noises in the background. Kids playing
NASDAQ:ALLKShort
by CorporateRaider97
4
How to interpret the results of my Dollar Cost Average indicatorGood morning to the US, Good afternoon to the EU, and Good night to ASIA This post has 2 purposes. 1) Showing you with the video below how to use my indicator Dollar-Cost-Average-Data-Window-Edition/ 2) Collect your likes and move up in the Pine scripters ranking (no shame) Let's start with the first goal here Here's a quick reminder of what's the Dollar Cost Average investment/trading method Dollar-Cost Averaging is a strategy that allows an investor to buy the same dollar amount of an investment on regular intervals. The purchases occur regardless of the asset's price. My Dollar Cost Average (DCA) indicator will analyse for the defined date range, how the DCA method would have performed vs investing all the hard earnt money at the beginning If you missed the video above, here's the link again Dollar-Cost-Average-Data-Window-Edition/ (Yes people ask me info that are on the description, screenshots, videos so please don't take it personally if I repeat myself a bit, trying to get my inbox empty by the end of day and receiving loads of questions already answered won't help :p) The DCA performance versus Your trading performance Full disclosure here before going further ..... it's not because a DCA methodology worked in the past that it's guaranteed to work in the future. Otherwise, trading will be too easy and we''ll be all multi-millionaires But as we say often that the "trend is your friend", dollar cost averaging on a bullish market in a daily/weekly/timeframe is often (but not always) a way to make a decent amount of money To be honest, most of my friends who dollar cost average are making much more than many of my traders friends who're staying hours per day in front of the chart. They take less trades but they're consistent with their method. DCA allows to reduce the stress of trading, the stress of chosing the right moment, the right news and the right crypto animal twitter accounts to follow. A day trader, is more likely to commit mistakes in my opinion. This is certainly not because you take more trades that you'll have a better performance and I hope my tool will highlight it for you. Taking more trades increase the risk of losing as each trade is an opportunity but also a risk and the higher the number of trades, the higher the risk is of losing your previous gains This educational post is not an invitation to DCA blindly and abandon your trading not all. Because if you do, I'll be unemployed... but a great way to introspect and think and ask yourself the good questions : - Am I outperforming a DCA method ? - If my personal performance is negative or way below the DCA, should I reallocate part of my trading capital into a DCA-oriented methodoogy ? The DCA humbled me a lot on assets that I was so sure to have a killer performance with my trading. It has been and still is a great trading lesson that I'm sharing with you today See you tomorrow for the strategy version of that indicator which will help you compare side to side your own strategy vs a DCA ____________________________________________________________ Feel free to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an offically approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
BITSTAMP:BTCUSDEducation
by Daveatt
1
How to use the Risk to Reward/PnL toolHeyaaaa As promised, here's the video tutorial showing in silence/muted how to use the new indicator published today Risk-Reward-InfoPanel/ I'll try from next week to buy a microphone and you'll all hear how nice is my french accent.... I can imagine the complains I'll receive saying no one understood anything. Will be fun for sure Anyway, please let me know in the comments section if anything is not clear. You have the source code for FREE so I'll hope you'll learn from it and invent something cool, sharing with the community and pay me royalties. Don't forget the French arm who fed you in your young trading years my apprentices. PS Remember my Trade Manager (Open Source) version ? Trade-Manager-Open-Source-Version/ ? You for sure can connect the Take Profits and Stop Loss to a Risk/Reward and PnL panels. This will update in real-time your PnL based on the data on the chart this time I did it myself this afternoon with my version of the Trade Manager See y'all tomorrow for a new indicator/new day Dave
BITMEX:BTCUSD.PEducation
by Daveatt
2
When the money is on the floor - take it!In this viog I spotted a set up and did not plan to trail. So, the money is on the floor and I take it. Greed and FOMO are not the ways to go. I share how I use some indicators and price movement to assess the situation before entry. I trade what I see, not what I hear. :)) The most important things in trading: 1. See 2. Assess 3. Calculate if risk is acceptable. 4. Define entry. 5. Decide on exit. Exit strategies do not have to include a target. I know some people who have missed loads of profits because price missed a targets by about 2 - 10 pips. I call that silly. The important issue is to have exit criteria, which could be any set of situations on the chart that you define. A 'target' therefore does not have to be a fixed point. In trend-following trading for example there are no targets at all. But there are exit criteria. But nothing is perfect. If the situation changes and there is doubt about exit, just take the money!
Education
by Captain_Walker
Exit points & stop-loss strategy for CTR/BTC price spikeHi all. This is the last video in this little series on the CTR/BTC price spike that we've been following for awhile, and today we're covering exit points/signals & stop-loss strategy. Bear in mind that this is my personal way of doing things, and you shouldn't just follow this blindly. This is what works for me, and takes into account my personality and appetite for risk + fits with my trading strategy. Please do some research and adjust these according to who you are and what works for you. Cheers and good luck, RJR
C
by DreamsDefined