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The 3 Dimension Trading / Investing 3D Investing or Trading = Technical Analysis + Depth Analysis Depth Analysis: • Macro analysis or / and • Micro analysis or / and • Other analysis See the following video "3rd Dimension Analysis" link for other analysis. Many use either technical or fundamental analysis alone in their research work, I observed they likely to struggle with confidence to make the entry judgement call. We can develop a greater confidence in how we time the market by combining TA + FA. 3 types of gold for trading: • COMEX Gold 0.10 per troy ounce = $10.00 • E-mini Gold 0.25 per troy ounce = $12.50 • Micro Gold 0.10 per troy ounce = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!Long
by konhow
What is the golden stop-loss rule? For trades such as stocks, futures, or forex, stop loss is a part of the trade, and it only works for investors if there is a stop loss in each transaction and it is adhered to. Today, I bring you a 3:1 gold stop loss rule, hoping to help with your investments. Stop loss is a way to minimize losses in current market trades and is frequently mentioned. However, the essence of stop loss is not just setting a stop loss price. In particular, in markets such as forex and futures where long and short positions can be taken, too many stop losses will undoubtedly cause significant loss of capital. Market leaders use people's fear to cause repeated shocks, even unilateral rises or falls to trigger short-term traders' stop loss prices, and then quickly retract. The normal daily volatility of the stock market is also around 5%, so if your stop loss is set at 5%, won't it often be hit? This requires attention to two issues: first, judging the trend of the market, whether it is a volatile market or a clear trend market; second, setting a reasonable stop loss position. First of all, it's important to understand that the most notable characteristic of the trading market is volatility, and most of the time it's in a volatile trend, regardless of whether it's in a larger time frame or a shorter time frame. Therefore, the investment strategy for a volatile market should be the preferred strategy for short-term traders. Secondly, identifying the range of volatility is crucial. Find the highest and lowest prices in recent price fluctuations. After a sharp rise or fall in the market, a corrective wave will form between these highest and lowest prices, sometimes lasting a long time. For example, commonly seen patterns such as triangle consolidation or box consolidation require a longer period of time before forming a new breakthrough. As for what prices to choose as the range, it depends on your trading period, whether it's daily, weekly, 60-minute, or even minute-by-minute. By using price analysis to determine the operational cycle, you will find a clear pattern of fluctuation range. The stop-loss price for such fluctuations should be set outside the highest or lowest points, and smaller stop-loss or trailing stop-loss should not be used. When the price breaks through the highest point, it is necessary to observe its sustainability. In most cases, it will return to the range-bound area again. However, if the sustainability is strong, it continuously sets new highs, and trading volume continues to increase, a new trend can be determined, and the stop-loss can be changed to a trailing stop. Its price should be set at a price that falls more than one time period beyond the highest or lowest price, and there is no new high or low in three consecutive time periods. At this time, it can be judged that the trend has stopped and entered a range-bound market. For example, if the time period is a 5-minute candlestick chart, then the trailing stop should be set at a price formed by a relatively large 5-minute candlestick chart. But generally, it should not exceed two candlestick chart prices, because beyond this price, the profit left is often very small. The 3:1 golden stop-loss rule in trading skills means that the profit of the take-profit point is three times the loss of the stop-loss point. For example, if you buy a stock and it falls by 7% or 8%, you should close your position in a timely manner. When your stock rises by 20% to 25%, you should consider selling some of it, and not be greedy and wait for it to rise further. Of course, the percentage values here can be changed according to the market situation, but the ratio should always be maintained at 3:1. Some investors may have doubts, what if I set a stop loss at 8% and then the stock rises significantly, even by more than 50%, after I sell it? It seems like a big mistake to sell it, and many investors may no longer believe in the 3:1 rule. Actually, the reason why we set a stop loss at 8% is to prevent it from falling by 10%, 20%, 25%, 40% or even more. You can think of it as a small insurance premium to ensure that an 8% loss doesn't turn into a 60% loss. Isn't it easier to handle that way? For most investors, an 8% loss is manageable, but a 60% loss is a burden that many cannot afford. In the market, human weaknesses will be reflected. When you hold a stock that falls, you will lose some capital, and you will fear that it will continue to fall, rather than hoping it will rebound to make up for previous losses. As a defensive measure, trading systems should still follow the 3:1 rule for stop losses. Finally, I wish everyone a happy investment journey.
TVC:GOLDEducation
by Ice_and_Fire1
3
How to resolve being trapped in gold position. Given that no matter what market conditions may be, there will always be friends who find themselves trapped in a position, here are several methods for unlocking these positions: Long-term unlocking: If an investor has a clear view of the big trend (such as a bullish market), and their position is trapped in a small trend (a dip in the market), they can first stop the loss and close out the position. Then, they can enter the market again at a lower price to earn the price difference and obtain the profit from the big trend while reducing the risk of being liquidated by the small trend. Short-term unlocking: If the investor's judgment of the market is completely wrong, they should close out the position promptly to avoid suffering greater losses from the continuing one-sided trend. The longer a short-term investor holds a position in a one-sided market, the greater the loss. Light position unlocking (also suitable for large fund investors): It means adding more long positions as the market falls, using idle funds to lower the average cost, and waiting for the price to rebound. The advantage is that as long as the operation is correct, unlocking is possible as soon as there is a rebound, regardless of how deeply the position is trapped. Swing unlocking: This method is suitable for being trapped in various market stages, especially in volatile markets. It relies on the fluctuation of stock prices to unlock the position by using the price difference between high and low prices. The idea is to buy low and sell high, gradually reduce the cost, and minimize losses. The advantage is that the operation techniques are diverse and flexible, and can be adapted to different situations. If operated correctly, the unlocking speed is fast. The disadvantage is that it requires a high demand for personal time, energy, and skills, and frequent operations have a certain cost pressure. It requires professional guidance from those who have time, energy, and technical knowledge. Tips for trading gold: 1.Entry point: The entry point is crucial. Although gold and crude oil trading involve two modes, long and short, there are actually four modes: low long, low short, high long, and high short. In a one-sided trend, all four modes are feasible. However, in a volatile market, it is essential to avoid low short and high long positions. These positions are akin to chasing rising and falling markets, which often leads to losses. 2.Stop loss: Before placing a trade, determine the stop loss price and ensure it is reasonable. Immediately input the stop loss price after placing the order. The purpose of stop loss is to limit losses. Only by limiting small losses can you preserve your capital. Sometimes you need to let go to gain something. Do not assume that if you lose this time, you cannot earn it back. Manage investment risks carefully. 3.Position sizing: How you allocate your funds affects your ability to tolerate risks. Oversized positions or full positions can lead to increased losses and psychological pressure. Often, you cannot analyze market trends carefully, which can result in mistakes. 4.Take profit: Many traders struggle to take profit, causing profitable trades to turn into losses. In a one-sided trend, the push stop-loss method can be used to increase profit margins. Taking profit requires personal consideration of exit points. Not every trade needs to yield thousands or millions of dollars. Sometimes, in a volatile market, a profit of a few hundred dollars can accumulate over time. 5.Mindset: This is the most critical point and one that every investor must master. When you enter the market, it is undeniable that everyone is here to make money. However, your mindset determines how far you will go on the investment journey. The goal is to prefer small gains over losses, not to think about making more or less profit. Opportunities require us to seek them out ourselves. The moment you read this article, you have already been given an opportunity. Everyone in life experiences setbacks and failures, but the difference lies in our mindset when faced with adversity. Some people always regard setbacks as failures, which can undermine the courage to succeed. In investing, the key is to be on the right path and have the right direction. "A calm sea never made a skilled sailor," and there is no stable market environment. The purpose of investing is to make money! A clear mind is more important than a clever mind in this market. A good habit is more practical than a skilled technique. Perseverance is long-lasting, and authenticity is eternal. This is true of anything we do. I hope my article can bring you benefits and smooth sailing on your investment journey. May my investment experience benefit investors, and with you and me, an ordinary person plus an ordinary person, may we have an extraordinary investment experience and insights. Be meticulous in life and ordinary in your work. May your investment journey be smooth sailing. If my article is helpful to you, please remember to like it. If you have other questions during your operations, you can follow my homepage↓↓↓ to conveniently get the information in the first time. FXOPEN:XAUUSD TVC:GOLD COMEX:GC1!
FXOPEN:XAUUSDEducation
by Ice_and_Fire1
1
What is the golden rule of taking profits? For trading stocks, futures, or forex, taking profits is also part of the trading process. For investors, taking profits and adhering to it during a trade is effective. When to take profits? Where is the best position for stop loss and take profit? Which strategy is more profitable? Taking profits and stop loss is one of the most important aspects of trading. If not handled properly, it could lead to losses. In previous articles, we have discussed the rule of stop loss. This chapter will discuss the rule of taking profits. Investors are advised to follow and read this article. If it is helpful, please give it a like. Thank you. Methods of taking profits Taking profits means closing the position and securing profits when the trading goal is achieved to prevent market reversal. Taking profits can be divided into static and dynamic methods. Static taking profits means setting a target for taking profits and closing the position when the target is reached. For example, if the profit expectation is 100 points and the price has risen 100 points, the position is closed to take profits. The target for taking profits is fixed and static. Dynamic taking profits means the profit target is dynamic and is held until the price meets a dynamic standard before closing the position. For example, when holding a long position and floating profits, close the position when the market price breaks the bearish level. Traders cannot know in advance where the bearish level will appear and need to monitor the market dynamics. Next, we will discuss five methods of taking profits. Method 1: Fixed point profit taking This is the simplest method of static taking profits. After entering the position, set a fixed profit space. This profit-taking method is more suitable for intraday and short-term trading. For example, after entering an intraday trading position, set a fixed profit-taking point of 50 points. Intraday trading has a relatively obvious characteristic of fluctuating trends, and market prices tend to rebound and even fluctuate repeatedly. The profits from holding positions during market rebound may be given back, so setting a fixed profit-taking point can be more advantageous during trading. In practical trading, the number of fixed stop-loss points should be set according to the volatility of different products. For products with high volatility, set a larger number of fixed stop-loss points, and for products with low volatility, set a smaller number of fixed stop-loss points. Please note that this method should not be underestimated simply because it is simple. Whether this method is useful or not depends on the specific usage environment. Method 2: Fixed profit and loss ratio take profit. This is a commonly used static take profit method in medium and short-term trading. First, let's talk about the profit and loss ratio. The ratio of the profit space of an order to the stop loss space is the profit and loss ratio. For example, if the profit is 100 points and the stop loss is 50 points, the profit and loss ratio is 2:1. Fixed profit and loss ratio means that the take profit is set according to a fixed ratio based on the stop loss space. For example, if the stop loss of an order is 100 points, setting the take profit at 100 points results in a profit and loss ratio of 1:1. Setting the take profit at 150 points results in a profit and loss ratio of 1.5:1. Setting the take profit at 200 points results in a profit and loss ratio of 2:1, and so on. The fixed profit and loss ratio method is easy to operate and highly executable. Moreover, when the market fluctuates and the stop loss space expands, the take profit space will also expand accordingly, making it very flexible. Method 3: Take profit combined with technical indicators. This is also a static take profit method. After entering an order, the take profit is set based on technical indicators. For example, setting the take profit at the level of previous highs and lows, or at the support and resistance levels of the Bollinger Bands or important moving averages, is feasible. In addition, in practical trading, it is common to enter and exit at small time frames while looking at the support and resistance levels of larger time frames. For example, entering at the 5-minute level and setting the take profit at the support and resistance level of the 1-hour chart, or entering at the hourly level and setting the take profit at the Bollinger upper and lower bands of the daily chart, is essentially a logic of "going small and looking big". Method 4: Take profit following the trend. This is a dynamic take profit mode and a trend-based take profit strategy. After entering an order, the position is held following the trend indicator, and the position is held until a reversal signal is issued, at which point the take profit is closed. Tracking with trend lines, channel lines, and turning points in the market are all common practices in daily trading. Method 5: Combination of multiple methods, batch-wise profit taking. The above four methods are the most mainstream and commonly used methods, but each method has its pros and cons. For example, the fixed profit and loss ratio method cannot hold onto trend profits, and the trend tracking method cannot make profits in volatile markets. Therefore, some clever traders combine these methods and take profits in batches. For example, after the order is entered, when the profit and loss ratio reaches 1:1, part of the position is closed, and the remaining position is exited using the trend tracking method to achieve greater profits. In practical trading, traders can combine the above profit-taking methods in different ways, such as combining the support and resistance levels of the previous high with the fixed profit and loss ratio, or combining the support and resistance levels of the previous high with the trend tracking method. After discussing these five profit-taking methods, it is only providing traders with an idea, and the specific results of practical trading must be reviewed and analyzed in combination with their own trading systems. OANDA:XAUUSD FXOPEN:XAUUSD
TVC:GOLDEducation
by Ice_and_Fire1
5
3rd Dimension Analysis. One dimension analysis or the depth analysis can be studying into the financial data of a the company. . Two dimension analysis is when the investor or trader studying into the chart - Price & Time. . Third dimension analysis is where we combine one and two dimension analysis. Third Dimension Analysis = TA + Depth Micro E-Mini Dow Jones Contract value, $0.50 x DJIA Index Micro E-Mini S&P Contract value, $5 x S&P 500 Index Micro E-Mini Nasdaq Contract value, $2 x Nasdaq-100 Index Micro E-Mini Russell Contract value, $5 x Russell 2000 Index Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT_MINI:MYM1!Short
by konhow
❌NO RISK OF LOSS=NO CHANCE OF GAIN✅ *️⃣There are several reasons why losses are part of the game: 1️⃣Emotion: Traders, just like all human being, are prone to emotional bias, which can lead to impulsive decision making and ultimately to losses. 2️⃣Probability: Even with the best trading strategy, there will be losing trades. It's important to remember that not all trades will be successful, and losses are a normal part of the process. A successful trader should aim to have more winning trades than losing ones. 3️⃣Markets are unpredictable: Even the most experienced traders can't predict market movements with 100% accuracy. Unforeseen events, such as natural disasters or major political announcements can cause sudden changes in market conditions, leading to losses. 4️⃣Risk is inherent in trading: All forms of investing involve some level of risk. In trading, the risk is even greater due to the fast-paced nature of the markets and the fact that positions are often held for shorter periods of time. 5️⃣There is no Holy grail strategy: There is no one strategy that will work in every market condition and for every trader. Different strategies work better in different market conditions, and a trader should be flexible and adaptable to changing market conditions. ▶️It's important to remember that losses are a normal part of trading, and traders should not be discouraged by them. Instead, traders should focus on managing risk, learning from losses, and continuing to develop and refine their trading strategies over time. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that
Education
by ProSignalsFx
10
What is the ultimate level of stop-loss in trading? For trading in stocks, futures, or forex, stop loss is a part of the trade. It only works effectively for investors if it is included and adhered to in every transaction. As we all know, stock investment requires three basic skills: stock selection, stop loss techniques, and profit-taking strategies. However, many investors do not pay enough attention to stop loss and profit-taking techniques, and ultimately regret not setting stop loss and profit-taking points. Today, we will introduce the highest level of stop loss techniques. First, the comprehensive stop loss method is the highest level of stop loss for stock investment. Therefore, when setting the stop loss point, the overall situation must be taken into account. There is no stop loss method that exists separately from the investor's overall operation. If the stock market develops beyond the investor's ability, it means that the stop loss measures must be implemented. Second, the highest level of stop loss is in the heart of the investor. When selling stocks, investors should not only rely on their eyes but also observe and analyze with their hearts. Many stock investors only believe in what they see when selling stocks. As a result, they often miss the selling opportunity when they finally realize the situation. Third, the stop loss method based on consolidation time. If an investor buys a stock with a heavy position, but the stock price does not rise much after buying, and it starts to move sideways after a period of time, it is important to note that if the consolidation time is too long, it means that the main force cannot use funds to boost the stock price. Fourth, stop loss based on real-time trends. If the main force of a stock has been washing the stock for some time and still has not controlled the stock when it is time to do so, it means that the main force has no intention of raising the stock price, and the future outlook is pessimistic. At this time, investors should take timely stop loss measures, otherwise, they will end up suffering losses. Fifth, stop loss based on trading volume. If an investor encounters a stock that is severely oversold, and many investors are trapped at a higher price, it is time to sell the stock. However, sometimes, observing the daily k-line chart, it is found that there has been a huge increase in trading volume in recent days. Note that this is a trap set by the main force to lure retail investors. In summary, the above is the relevant knowledge about stop loss techniques that we introduce to stock investors, hoping to help our friends in the investment field. FXOPEN:XAUUSD MCX:CRUDEOIL1! FX:EURUSD
TVC:GOLDEducation
by Ice_and_Fire1
Tips to be a Healthy Trader - Wisdom Yields HealthI came up with a corny slogan in 2013. “Wisdom Yields Wealth”. Well, today I came up with another corny slogan but relevant to today and this year. “Wisdom Yields Health”. As you know, health is the greatest wealth of all when it comes to your: Physical appearance Mental cognitive thoughts Important decision making Longevity In 2023, health is everything as the world continues to linger in a very stressed phase. (Especially, what’s going on in South Africa with Eishkom, water issues and tax month having kicked off). If you want to be a good trader, you need to focus on not only your money and mind but also your health. Health will help you optimise your trading performance. So, this is a short but important article to remind you to try be a little bit healthier. HEALTH TIP #1: Sleep Even Hours It’s an old wife’s tale that you need 7 hours of sleep. It’s proven that the sleep cycle works on EVEN hours, NOT odd. So if you sleep 7 hours, you’ll deprive yourself of the last 1 hour you need to complete your cycle. When you decide to go to sleep, set an alarm for 6 hours or 8 hours to get the right amount you need. Also, if you wake up before the alarm and you feel fresh – stay awake, don’t go back to bed. Listen to your body more and it will reward you better. You need to be clear headed when you wake up in order to take on the markets with a fresh mindset. HEALTH TIP #2: Drink COLD Water Listen… You’re made up of over 73% water. So you might as well fuel yourself up and stay hydrated. First glass in the morning and another glass every two hours. Or just have a 2 litre bottle next to you. When it’s finished, refill it. Ok you’ve heard that a million times. Here’s where it gets interesting. Did you know that if you drink ice cold water, it will help you to keep awake, will fire your neurons and will boost your thinking capabilities. That’s the big tip with drinking water as a trader. Ice, Ice baby! HEALTH TIP #3: Eat less ‘high energy to consume’ foods in the day You know what puts us off work, trading and life? Having a bloated and painful stomach, because of the stuff we ate. I’m talking breads, pastas, sweets, crisps and fried food. When you eat this stuff, you won’t feel in the mood to trade, think or work. It’s also probably affecting in the bedroom too! Eat these in moderation and NOT when you trade or a few hours before you trade. Anyway, I’m not giving advice, just some tips that’s helped me to trade better over the years. HEALTH TIP #4: Keep Walking Gyms might be inaccessible right now. And exercise is just too difficult to keep motivated to follow. So instead, take your trade for the day and go for a walk around your complex, park or anywhere just to burn those calories and keep you fit and healthy. I’m in Greece right now and nothing beats a good walk around the Ancient historical sites in Monastiraki such as the Agora, Acropolis and even the amphitheatres. Or a walk around the Marina – Flisvos harbour to take in the cool breeze and breathtaking view of the sea. Find your piece of heaven (where ever it is) to walk around and burn those calories at least twice or three times a week. I can go on about health tips, but four is more than enough to start with. Please look after yourself, your body and your mind.
JSE:J200Education
by Timonrosso
1
EURUSD$EURUSD After top down analysis i'm looking for EU to continue to the upside. DXY also retraced and is likely to continue to the downside. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
Long
by DTradesFX2
5 KEY TRADING PRINCIPLESThe establishment of a successful and sustainable forex trading career requires aspiring traders to gain a deep understanding and mastery of several critical principles. Failure to do so will result in financial losses, wasted time, and ultimately, frustration and despondency. There are five essential principles that aspiring traders must study, understand, and master to achieve success in online trading. The first principle is SENTIMENT , which involves comprehending why prices move. This understanding requires gaining a thorough knowledge of economic themes, intermarket analysis, and correlation. The second principle is STRUCTURE , which involves understanding how prices move. This requires an in-depth understanding of microstructure, liquidity principles, and chart patterns. The third principle is SESSIONS , which entails knowing when prices move. This requires a comprehensive understanding of time, volume, and momentum. The fourth principle is PSYCHOLOGY , which involves understanding oneself. This understanding requires comprehending emotions, developing effective routines, and ensuring compliance with sound trading practices. The fifth principle is RISK MANAGEMENT . To effectively manage risks, traders must have a clear understanding of their risk tolerance and set appropriate risk management policies and procedures. This may include setting stop-loss orders, using leverage carefully, diversifying investments, and continuously monitoring market conditions. Mastering these five critical principles provides aspiring traders with a solid foundation for developing effective trading strategies and managing risk. Neglecting any one of these principles can lead to a breakdown in the trader's ability to make sound investment decisions and ultimately result in failure. Therefore, a comprehensive understanding and mastery of these principles are essential for anyone seeking to establish a successful and sustainable online trading career.
by Samuel124
Profit fixation Profit fixation There are three main profit-taking strategies: 1. Fixed RR (1:2, 1:3RR). 2. High RR (1:10RR and above). 3. Partial profit taking. Fixed RR. When trading with a fixed RR, the trader ignores the situation on the chart and places a take profit at the level of 1:1, 1:2, 1:3, taking into account the commission. This approach has a high win rate and also relieves the trader from feeling greedy. You do not need to select targets, accompany the position and worry about a random factor that the price may react to. We think that many people are familiar with the situation when the take is put on a lay, the price reaches 1:5R without removing the minimum, and then hits the stop. The weak side of the strategy is that it has limited profit potential. Often when trading with the trend, you can get more than 2 or 3%. High RR. According to this strategy, a position is opened on a lower timeframe, and targets are allocated on a higher timeframe in order to set a short stop and a long target. On the other hand, this does not prevent you from using a fixed take profit level.A. At one time, Liquidity traded high RR and set a take at the level of 1:10, regardless of the targets on the chart. Many in this strategy are captivated by mathematics. With a risk-reward level of 1:10, a win rate of 10%-20% or 1-2 profitable trades over a distance of 10 positions is enough not to be unprofitable. And yet, this strategy can harm the trader. If the price does not reach the marked targets, you will not make a profit even if you did everything right. This puts a lot of pressure psychologically, especially when it was possible to take 3-5% and close the position in plus. You may get the impression that there are only two extremes: earning rarely, but a lot, or little, but often. But there is another strategy that helps to balance and find a happy medium. Partial profit taking. The trader fixes the profit in parts as the selected goals are achieved. Targets can be determined both by schedule and by risk-reward ratio. For example, you fix 50% of the position at 1:3, 25% at 1:5 and 2 more5% at 1:10. Either 50% on FTA and the rest on potential reversal zones. This strategy will help you capitalize on your trading ideas, reducing the risk of losing profit when the price falls short of the marked targets. Partial fixation will be useful for novice traders because it creates a positive experience and demonstrates what you are capable of. Do not jump from extremes to extremes and look for balance. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
DXY$DXY After top down analysis i'm looking for DXY to continue to the downside after Fridays retracement. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
TVC:DXYShort
by DTradesFX2
US30$US30 Looking for a move to the upside after a retracement Friday. DXY also retraced and is likely to continue to the downside. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
CAPITALCOM:US30Long
by DTradesFX2
1
NAS100 $NQ1! After doing top down analysis i'm looking for a move to the downside after a retracement on Friday. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
CME_MINI:NQ1!Short
by DTradesFX2
Human weaknesses that need to be overcome in the trading process Fear of missing out Before entering the market, you may have a bullish or bearish view and enter accordingly. Once you have a position, you are constantly concerned with the fluctuations of your account funds, tormented by various temptations, fears, greed, persistence, hope, and emotions influenced by these changes, and ignoring the market itself. This greatly interferes with normal thinking and judgment. Whether it's a long or short position, whether it's a profit or loss, as long as small gains and losses are within an acceptable range, one should beware of large losses. Traders should focus on the correctness of the process and be content with the results as they come. If you think about the results in advance, it will disturb the entire trading process and result in losses every time. The human mind always jumps ahead to imagine unrealistic outcomes and ignores what is actually happening in the present. This is a big mistake in our lives. These are the causes of fear or greed, which can lead to traders regretting after placing an order or closing a position, causing hesitation and indecision. The reason for this is that there is no effective trading system, causing traders to lack confidence in any aspect of the trading process. Confronting the market Traders must first understand that the market does not shift according to human will. The education we have received since childhood is based on competition, such as overcoming various obstacles and fighting difficulties. This consciousness has deeply rooted itself in the hearts of traders. In fact, when traders enter the market, they still carry this mentality. Often, some elites from various industries come to the market and suffer failures, and even more thoroughly than ordinary people. This is because successful people in other industries have a strong sense of self and do not believe they will fail. They are also unwilling to accept their own failures. Their success makes their personalities become very tough, so when the market turns against them, they do not know how to yield and compromise, but adopt a confrontational attitude until they are destroyed. People in life tend to defend their views to some extent, unwilling to admit their judgment errors. Therefore, regardless of whether a person is right or wrong, they will stick to their attitude to the end. What they defend is not the truth, but their self. This inherent nature of struggle and the attitude of not wanting to yield or give up self is the biggest obstacle in trading. Holding positions, not setting stop losses, and not admitting mistakes can eventually result in large losses or even liquidation. The pursuit of perfection The pursuit of perfection is a very greedy and extreme mentality. Because of this pursuit, it does not allow any flaws, cannot bear even very small losses, and it is difficult to execute a stop loss when necessary, and wants more profit when it is time to close a profitable position. Because of this pursuit, a person tries to capture every movement and does not want to miss any market situation. Everyone has their own limitations and areas in which they are not good at. The pursuit of perfection can easily lead to frequent and impulsive trading. To be continued...
INDEX:BTCUSDEducation
by triumphing
3
How to survive in the market for the long-term? In the market, regret is a frequent word. Many people face the complex investment market and often feel fear, hesitation, and regret, whether it's before buying, after buying, after selling, or just watching without buying. How to avoid this phenomenon? The fear, hesitation, and regret are largely due to not knowing how to manage positions and follow the crowd. Often pursuing high probability profits results in the opposite. Risk management is an unavoidable issue when it comes to this. Whether you are a financial master or an individual investor, the importance of risk management is paramount. To relax and operate in the market, you need to face your current situation, make correct judgments on the profit and loss ratio, determine your operating frequency and position management, and give yourself correct psychological guidance. Everyone's personality is different, and their risk tolerance and trading styles are also different. There is no strategy that is 100% accurate, but if you want to survive in the market for a long time, you need to control risk. Don't be afraid of losses. Losses are inevitable, but the key is how much loss you can tolerate. This is the core of risk management. For small losses, we need to prepare ourselves psychologically. This is a link in risk management. Don't rely on luck. The losses brought about by a lucky mentality are incalculable. About 70% of the time in market fluctuations is in oscillation, and only about 30% of the time is in a unilateral surge or decline. Therefore, accumulating small victories is the magic weapon for long-term success. Always wanting to go all-in and make a big move at once may result in missed profits due to not exiting in time. No matter what state you are in now, I hope I can bring you a little bit of help!
INDEX:BTCUSDEducation
by triumphing
Biases that influence your decisions Biases that influence your investment decisions Most people who invest in the stock market don't reach their goals. The top 1% of investors can double or even triple their returns from the market. Reason: how investors think How this article will help you avoid these biases: * Awareness - Knowing what biases affect your decision making is half the battle. *Routine: I've made a list of biases that affect your analysis and biases that make you overestimate investments. Cognitive frivolity All of the following biases work so well because of the way people's minds work. Cognitive light-mindedness is a state of mind that is wanted and linked to good feelings. This is the main reason why people make bad choices. Halo effect It is much easier to think in black-and-white stereotypes than in gray ones. The halo effect explains why we like or dislike everything about someone or something that is connected to them. It's harder than we think to agree with some ideas and disagree with others. What You See Is All There Is All there is is what you see. You can't think about something you don't know. In a strange way, self-righteousness goes up when you only listen to one point of view. Again, we choose certainty over uncertainty. Anchoring Our decisions are mostly based on the first information we get. If you know that Apple shares are worth $150, they will look like a good deal at $120. Not even knowing if $150 is close to what something is really worth. Regression (Correction) We love to find links between things that don't have any. Regression to the mean can be one of the most important, but often overlooked, factors. Due to price balancing, everything tends to be worth about the same. Perceptual bias We think that events were easier to predict than they really were because of what we already thought. In hindsight, it's easy to make up connections between things. The truth, though, is more complicated. There are a lot of good ways to guess what will happen. The Fallacy of Mastery Both buyers and sellers know the same things. They buy and sell stocks based on what they think. People don't believe that short-term stock picking is good luck because it's done by smart people. Loss aversion Loss aversion makes us ignore even gambling that has a good chance of going our way. A loss has twice the weight of an equal gain. Dedication bias Commitment is linked to good traits like consistency and intelligence. In this way, we don't break our promises. Investment decisions must be talked about in public. The more you talk, the more you can persuade yourself of something. Leaning toward recent events We tend to give too much weight to things that have happened recently. Because of this effect, the market tends to move in a certain direction most of the time. When things are going well, we think they will only get better. We think that when things go wrong, they will only get worse. Effect of ownership When we own something, we value it more. This is one way we can explain why we did what we did. Before we buy a stock, we look at it critically and try to find any risks. After making a purchase, we think about the good things about it to justify our choice. This is called confirmation bias We choose what to believe based on what we already know. What doesn't fit with our ideas is either ignored or called a lie. Thinking based on odds We often think based on how we feel. But in our lives, everything is a game of chances. Using reasoning to think about the most likely outcomes will help us make better decisions. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
24
5 Newbie Trading Mistakes.Trading is a complex activity that requires many skills and knowledge. Novices who are just starting their journey in trading often make mistakes that can lead to significant financial losses. In this article, we will discuss 5 common mistakes made by beginner traders and provide advice on how to avoid them. Lack of knowledge and experience One of the main mistakes that novice traders make is a lack of knowledge and experience. Many beginning traders believe that it is enough to read a few articles online or read a couple of books on trading to become a successful trader. In reality, trading is a long process that requires continuous learning and practice. Novices should spend time studying the basics of trading, becoming familiar with technical and fundamental analysis, and practicing on demo accounts. Advice: Start by learning the basics of trading and continue to educate yourself. Read books, watch videos, and talk to experienced traders. Never stop learning. Gradually move from demo accounts to real trading accounts, but do not risk large sums of money until you are confident in your skills. Incorrect risk management Some novices believe that successful trading is just a matter of luck. They do not pay enough attention to risk management and often risk large sums of money on a single trade. This can lead to significant losses if the trade does not meet expectations. Advice: Never risk large sums of money on a single trade. Determine your risk tolerance and choose a position size that does not exceed this level. Use stop-loss orders to protect your capital from large losses. Incorrect choice of trading instruments Another common mistake made by beginners is choosing the wrong trading instruments. Some novice traders try to trade on all markets at once or choose instruments that they know nothing about. This can lead to significant financial losses. Advice: Start by learning about the markets and choose trading instruments that you are familiar with and interested in. Do not try to trade on all markets at once. Choose one or a few instruments and gradually expand your knowledge. The need for controlling your emotions Trading is not just about analyzing charts and fundamental data, but also about managing your emotions. Novices often make mistakes related to emotions. They may close trades too early or, on the contrary, hold positions for too long, violating their risk management plan. Advice: Develop your own trading plan and stick to it. Use stop-loss orders to protect your capital from large losses. Never react to emotions while trading. Stay calm in any situation. Lack of patience Trading is a long-term process that requires patience and persistence. Some beginners expect quick results and may be disappointed when they do not receive them. Advice: Do not expect quick results. Start with small amounts of money and gradually increase them. Learn from your mistakes and continue to learn. Patience and persistence are key qualities of a successful trader. In conclusion, trading is a complex and responsible activity that requires many skills and knowledge. Beginners should study the basics of trading, manage their emotions, develop trading plans, and stick to them. They should also choose trading tools that interest them and be patient in their efforts. By avoiding these five common mistakes, you can increase your chances of success in trading. But remember, trading is a continuous process of learning and improvement, and there is always something to learn and improve in your skills.
Education
by Apache_Trade
Psychology of trading.Stress in trading How can stress manifest in trading? Losses. Losses occur due to lack of knowledge or experience. They will always be present, as it is an integral part of the job. However, their quantity can be reduced. Paradoxically, one should not fight stress: it should be endured and one should come out of the situation with dignity. Moreover, stress can become a catalyst for more productive activity. To begin with, define the source of stress. If it is related to family affairs, then allocate less time to trading and more to family matters. If you are overwhelmed by stops, then it is worth taking a break from practice and devoting more time to backtesting and transaction analysis. If stress is caused by lack of knowledge, it is better to review the material that has been covered. If you are not able to accomplish everything, write down all your actions during the day for a week, down to the phone call. Then write down what you can eliminate to free up those necessary minutes. You need to work on yourself constantly by analyzing mistakes and drawing conclusions. This applies not only to trading but to all aspects of your life. You may think, "What an unfair exchange: the price took my stop-loss order again and went in the right direction, why does everyone in the chat have profits, and I'm the only one sitting here with stops? What's wrong with me? Am I a loser?" No, in trading, although luck plays a role, it is definitely not the most important factor. It is important to understand that trading is about working with probabilities. No one knows how your area of interest will play out, no one knows where the chart will go tomorrow, no one even has any idea how much assets will cost in a year. There are only probabilities of how certain instruments will work. Therefore, you need to change your attitude towards failures. Collect data on the operation of setups, know the percentage of tools that you use that work positively and negatively. If the trade did not happen, it is not scary if you already have statistical data and have conducted backtesting. How many out of 10 trades does this trading instrument work in the positive? How many in the negative? There must be clear answers to these questions before starting to trade. If you analyze your failures and understand that you are solely responsible, then there is no need to worry. Any business is supported by the responsibility of the entrepreneur. If you received a stop order just because Elon Musk tweeted something, that's one thing. If you received a stop order because you incorrectly determined the trend, that's a completely different matter. Like stress, you should not fight failures, or you will lose. Obstacles on the path to stability. Addiction. If you are an extremely addictive person, enjoy gambling and get an adrenaline rush from the process itself, then you should think about how you will cope with addiction during trading. Gambling and professional trading are inherently antonymous and lead to different results. Attitude towards money. Do you have a very reverent attitude towards money? Maybe you need to work on your attitude towards money? Perhaps it's not worth overestimating their importance? After all, this can adversely affect your emotional health in the future. Money in trading is a working tool, but at the initial stages of a trader's development, money will still be perceived as a means of payment. For example, when closing a deal, thoughts may come to mind that in just 10 minutes, your trading account has increased by an amount equal to someone's monthly salary. Or that the stop you just caught could have been used to purchase something significant for you. The transition from standard thinking to a professional one takes time. It's about when the funds in the trading account have only a percentage value. And both profit and loss. Money will be a catalyst for all of your skeletons that will fall out of the closet as soon as you open a position on the stock exchange. It's inevitable." Practical methods for problem-solving. Time. Don't spend 24/7 staring at charts and watching every candlestick. Besides overtrading and fatigue, you won't get anything (you definitely won't earn more money). Therefore, choose a working schedule for yourself. Either work all day and relax in the evening, or occasionally monitor the situation during the day, after analyzing charts in the morning and placing limit orders, while you focus on your other activities. Yes, it will be difficult to choose a time for yourself right away. It will come to you when you decide on the type of trading, whether it's scalping, swing, intraday, etc. Pay attention to the chart. Set your preferred color scheme and tools in Trading View and on the exchange itself. Keep a notebook. In the beginning, write down everything. All observations, all trades, all emotions, all shortcomings. Write down absolutely everything, every day. Write yourself a checklist, add everything that hinders your work, and hang it in front of the monitor. Every morning, before looking at the chart, check if the conditions are met. For example: great mood, no headaches or other pains, well-rested, focused. All urgent matters are taken care of, so that nothing distracts you, etc. And most importantly - be disciplined. Calculate profit and loss ONLY in percentages. Your deposit is 100% and only that matters, regardless of how much it is in $. It is only important how much it increases monthly in %. If you get used to this simple rule initially, the improvement in your life and finances will not take long to come. Compound interest will do its job. Create and refine your trading system. The trading system is the most important element of trading that helps you cope with stress, see the big picture, and know your goals. But creating a trading strategy is one thing, and FOLLOWING THE RULES that you have set for yourself is another thing. The trading system provides the opportunity to neutralize all types of worries. Worries arise when a trader violates his own rules. Backtests. The most important element of trading activity. Know for sure when to open a trade, know the percentage of instrument performance, and know the exact stages of market analysis. Print out data about your personal business. Keep track of it. Stop playing on the exchange - trade professionally. Psychological correction. Rest is as important as anything else. You decide how to spend it. I would like to tell you when you should take a break for a while: Several stops in a row. Determine your critical point of losses (percentage of drawdown of the trading account) for the day, week, or month, again, this depends on your trading style. For example, for me, it's a critical point of 1% within a day, after which I turn off the computer and do not approach the charts or the terminal. Sometimes I can afford to do backtests, but even that doesn't help because my head is not cool or rational. Do not try to recoup your losses! Know that you can only worsen the situation by trying to get back the money that has already been spent. The money is already gone, and losses are part of any business. Reached the critical point? Turn off the computer, spend time with your family, go to the gym, or engage in your hobby. Understand that the market won't go anywhere, it will be here tomorrow, the day after tomorrow, and even in 5 years, the market will always be there as long as humanity exists. Profitable trades. It's also always worth taking a break, either after a trade with a big profit or after a series of successful trades. Why? Because you are filled with euphoria, you think that this is it, the bright streak in trading, and this distracts your attention, you also become less responsible, you can increase the risk on a trade or ignore the stop loss. I think you got the logic. Everything is going well? Well, that's great. Take the earned funds, spend them on yourself, give yourself or your loved ones a gift. You simply need to do this; you must feel that you are earning. As long as the money is on the exchange, it's 100%, but as soon as you withdraw the funds from the exchange, it's already $. You can't earn all the money in the world. It doesn't make any sense. Freedom. Trading can give you the most important thing - freedom. Freedom in finances, freedom from depending on a workplace, freedom to manage your own time. BUT: only when you can accept this freedom. If you sit at the computer for days, trying to grow your deposit with thoughts like "when I have $100,000, then I will rest," denying yourself pleasures: "It's better to buy a coin with this money, and it will grow," etc. - in this case, you yourself deprive yourself of freedom and become a prisoner of this squirrel wheel. Don't look for an entry into a trade inside every area of interest on a 5M timeframe. In the end, you'll just stop getting anything from trading, and it will become just a source of stress and loss.
Education
by Apache_Trade
Higher Rewards For Less RiskI've changed my reward-to-risk ratio from 1:1 to 2:1. You heard me right! They have changed. I wasn't a stickler about my ratios, but I am now. I want to make more money and do less trading. How is this possible, you may be asking? It's simple when you look into the details. So let's take a look at the losses first. What do my losses look like? Each time I lose a trade, I recently exited a previous winner or wasn't in a trade on that currency pair before I lost. Let me explain because these are two different things. When I win a trade, I give back my profits on losing trades and may not enter the next trade due to my emotions being everywhere. I noticed that I was stopped out, and the price flowed my way. But, honestly, I can do nothing to prevent this from happening. You may say, "well, can't you change your stop loss?" I could, but to what? I never know when I'll be stopped out or how big the wicks will be to get me out of the trade. This means every trade is unique, and I'm making a mistake if I don't follow my rules. Being stopped out isn't the problem. Trading my system too much with almost the same reward to risk is the problem. Question to myself, what if you could hold the trade longer(I'm a swing trader, so this fits) and increase your reward significantly, so you don't have to keep entering multiple trades unless the reward was worth it? So now, if I am stopped, my winning trades will make up for my losses and more. What do my winning trades look like? My winning trades look more significant than my losses. My focus is and will always be higher timeframes. I like to trade when markets are trending. So per the daily, weekly, or monthly timeframe, I'm trading if my currency pairs are trending. My goal is to get the best entry that fits my rules and hold to my long-term targets, and any trade under a 2:1 reward-to-risk ratio will not be traded. I'm also ok with not being triggered into trades set by my pending orders. I'm also ok with losing trades. That's part of the business. In Summary I seek to hold trades longer to receive bigger rewards and let the small losses be small. I've not changed my trading strategy. It works, and I am working on it. We go well together. My belief is as long as the market is trending, I can hold my trade. I pray this blessed you, Shaquan Remember, you don't trade the markets. You trade what you believe about the markets. "Van Tharp"
Education
by ShaquanLopez
german 30 analysis - 22 february 2023hope all you guys are blessed! it's my baby brother's birthday today si i'm in the best of moods today and please wish him a happy birthday :) but here's my breakdown for german 30 - this market has been in a range on the daily timeframe and the most recent was a touch on the support of the range - but on the H4 market has been making LOWER LOWS and LOWER HIGHS with large bearish candlesticks showing a lot of volume - down onto the M30/M15 market was in a mini range and i am currently waiting for a break of the support then i will go short - take profits are at the 15315 level - market could turn anytime and be bullish so proper risk mangement is key
OANDA:DE30EURShort
by K0KETSO
What I Do After I Lose A TradeI noticed I’m still in AUDNZD, which is in good profit. Price made a new high, and my first action was to move the trade to break even. At the same time, I noticed I lost a trade on NZDCHF which I set a pending order for this morning. What I did next was a reaction to the loss. I immediately sought a trade on a currency pair that was not on my list. Once I did that, I heard a voice saying, STOP DOING THAT! This is a repeated action I do when I lose a trade. Instead of feeling the loss, I try to medicate it by looking for something else to do. As soon as I realized this, I wrote that down as a limiting belief and then wrote down what I believe about the market. Limiting Belief: Losing a trade makes me feel like I need to look for a trade on another pair to make my money back. Action to take: take a slight loss. It’s better than letting a losing trade run. Belief: Small losses tell you the price has reversed and to be patient to wait for the following setup on the same currency pair. Belief: The market changes. I have to adapt quickly because the price movement will change, which means every trade is unique. Belief: Make trading a fun puzzle to figure out. It will become overwhelming if I work on too many puzzles simultaneously. What I noticed last was how I felt. Usually, I feel a tight pinch in my chest before I get on my charts. Its anxiety. I didn’t feel it this morning. I felt relaxed. After dealing with years of anxiety I can feel it decreasing the more I write out my thoughts and beliefs and see how they are what I trade. Experiencing today's lose I had no feeling just a reaction I will work hard to not do again. What reactions do you have when you lose a trade. What are thoughts and feelings? If negative what can you now begin doing that will help you adapt to price movement with a clear mind and well thought out actions? If you found value in this shared moment of my trading journey please like this post and comment. You're not alone in this trading world. Let's talk it out.
by ShaquanLopez
1
Psychological state in tradingThe important point is to describe your psychological state in two cases: When you are not in a trade. When you are in a trade. In the first case, the common problem is missed profit. Often, novices take this very painfully and think about the missed opportunity that could have brought them potential profit. However, the market, especially the cryptocurrency market which operates 24/7 without breaks, has many trading ideas and opportunities, so there is no need to fixate on it or torment yourself with it. Therefore, when you are not in a trade, try to describe your psychological state, what you feel at that moment, whether it's the fear of potential loss from missing a trade or something else. In the second case, when you are in a trade, you need to describe your state, what worries you. It could be greed to fixate profit or fear of losses. In both states, you need to fully describe yourself, the trading setups that cause such emotions. To avoid these emotional swings, you should have a clear plan for taking profit and an approximate loss in case of failure before entering a trade. When you do not have such a plan, you will swing back and forth, and the outcome may be negative. Therefore, when you are in a trade, describe your state in detail and document it in a journal related to your psychology, as psychology is 80% of successful trading. All these aspects will help you learn more about yourself and your psychology, which will enable you to build your trading strategy, as psychology accounts for 80% of successful trading. That's why soulless machines, neural networks, and AI are so good at trading compared to humans with their emotional instincts. Because many people want more profit here and now, they are not willing to bear losses, develop, or understand themselves. Due to this incorrect psychological mindset, people often lose money and then blame trading for being a casino. Of course, it's a casino for ludomaniacs who, without a strategy, listen to "experts on Instagram" and are already turning to the 30th leverage for a short. I hope you understand why this aspect is necessary. Nevertheless, in subsequent articles, we will try to describe more about psychology in trading. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light