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Why Big Money Will Always Win? by Rocket Bomb 🚀💣Hello, let's talk about consolidation today!😊 or Why Big Money Will Always Win? in other words, the rich will always make money, and the poor can always lose. I think everyone has known, that horizontal channels called flat. And although in many books we can read, that since the price is flat, so trader has nothing to do this time, while market hasn't come to a consensus. IMHO flat is very important.☝🏻 [ b]The horizontal channel (flat) is - ▪️ the fight between two major players (seller and buyer) or ▪️ accumulation of the required volume at the price of interest 🧐 What happens in flat? “Consolidation” is often used trading word, just at the moments of flat. Literally, it means - strengthening something, uniting, rallying individuals, groups to intensify the struggle for common goals, the merger of two or more firms, companies. Strengthening something is kind of like creating a support / resistance level. It turns out, that it's the consolidations, that are very important for the trader, here the fate of the further movement is decided. The trader's need to understand a very little thing, namely, who will win . In order to understand who will win, you need to figure out what's going on inside the flat ? There are two players on the market. One needs to collect a sell position and he always sell, the second needs to collect a buy position and he always buy. Noone open positions are closed. At the bottom of the consolidation, the price is bought in hope, that it will go even higher. As soon as the price reaches the upper border, sellers become more active and start selling, thereby dropping the price lower. 🤓 Moving on to the fun part. How long will the consolidation continue? Precisely until the moment, when one of the players runs out of money. As soon as one of them runs out of money, once again approaching the border of consolidation, there will be no one to stop the movement from flat (consolidation) and further movement towards the winner! Than's all😀 I really hope, that my post was useful to you, if so, let me know by clicking like button! It's not difficult for you, but I'm pleased ♥ ️ Always sincere with You💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
7
Accumulation and distribution zones!🥸Hello, traders! Today I wanna tell you about accumulation and distribution zones! ⚡Prices always go from balance to balance and no other way!⚡ Wyckoff said that the price always following one of the 4️⃣ phases: 💥the consolidation zone (flat), where the big player is gaining volume , is called accumulation; 💥if after exiting the flat, demand is higher than supply, then the price rises and an up-trend development is observed in the market; 💥the area of ​​consolidation (flat), where large players exit the position, is called distribution; 💥if after the release the supply prevails over demand, then a down-trend is formed. If you look at these 4 phases of the market, the key problem of forecasting further price behavior will lie in the first of them, in accumulation, when it may not be entirely clear where the price will go after. Below, based on the Wyckoff and VSA method, I'll show how to correctly assess the situation and take a position in the right direction. 🔋🔋🔋Accumulation🔋🔋🔋 🏹Phase A - Market Stop. 🏹Phase B - Supply and demand balance. 🏹Phase C - False Breakdown. 🏹Phase D - Search for entry points. 🏹Phase E - Beginning of a new trend. In the ❗distribution❗ phases, everything is similar to the accumulation phase, only upside down. Important💣💣: don't go into shorts in the accumulation zone; in the distribution area don't go into long!!!! Guys, if you liked my post, put me 👍🏻 and write a comment✍🏻 Don't forget to subscribe, if you aren't already😆 And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Accumulation & Distribution Of BITCOIN by Rocket Bomb 🚀💣Hello, dear friends!It's Sunday evening and I'm going to talk with You about Bitcoin and perfect buying Zone in the nearest Future! First of all some Tutorial for newbies ♥️ What Is the Accumulation Area? The accumulation area on a price and volume chart is characterized by mostly sideways stock price motion and is seen by many investors or technical analysts as indicating a potential buying opportunity. It may signal that large institutional investors are buying, or accumulating, a large number of shares over time. This can be contrasted with the distribution zone, where institutional investors begin selling their shares. Being able to recognize whether a price is in the accumulation zone or the distribution zone is critical to investing success. The goal is to buy in the accumulation area and sell in the distribution area. KEY TAKEAWAYS The accumulation area represents a period of implicit buying, typically by institutional buyers, while the price remains fairly stable. On a price chart, the accumulation area is characterized by sideways price movement on above average volume. Identifying this area could help investors spot good entry points into an investment before its price begins to rise. At Distribution Zone traders are willing to sell the stock aggressively because balance has shifted to the distribution side. Here, at this point the sellers are dominating and the buyer are weak. Distribution is an important dynamic that institutional investors must manage to avoid precipitous drops in stock prices This area is where price turned down. This is where the distribution is and where we short if price returns down. The D Zone is simply the origin of a big drop in price and sometimes -greaty opportunities😉 Distribution Zone is also called as Supply Zone. Key Points Market gives you multiple opportunities of Buying and Selling by Re-accumulation Zone and Re-Distribution Zone Accumulation / Re-accumulation zones can becomes distribution/Re-distribution zones over a period in the Stock Market Accumulation Zone is where one should buy (accumulate) and Distribution Zone is where one should sell (distribute) 👆🏼 Note – Accumulation and Distribution Zones are a great way to identify areas of buying and selling as well as support and resistance, but they work best when combined with other kinds of technical analysis. If you look at the order book, you can see where many traders expect to see the price! So, in my experience, the price is unlikely will come there! Don't be greedy, it would be optimal to place several orders in the zone 44 - 42 - 41 k IMHO! Hope the summer will be hot! Well, autumn, of course 🤫 I really hope, that my post was useful to you, if so, let me know by clicking like button! It's not difficult for you, but I'm pleased ♥ ️ Always sincere with You💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
17
Bitcoin by Rocket Bomb🚀💣 22th of April Hello, Bitcoin holders❤️ Wanna present to You my new update!😊 This time I used Pitchfork tool😉 The technical indicator known as Andrews Pitchfork is not that well known and is rarely used by novice traders. However, it is a quick and easy way for traders to identify possible levels of support and resistance for an asset's price. It is created by placing three points at the end of previous trends and then drawing a line from the first point that runs through the midpoint of the other two points. The reason this indicator is called a "pitchfork" becomes apparent from the shape that is created in the chart. In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline. Even though the center line can be used to identify areas where a security may find support or resistance, it is generally not as strong as the two outside lines. In practice, the levels identified by this indicator are very useful for identifying strategic positions for stop-loss orders. Hope it was useful for You and You have known something new 🙏 Thanks for attention🙏 If you liked my chart, don't forget to click LIKE, it's not difficult for You, but I'm pleased ♥ ️ Also subscribe for not get lost😉 Always sincere with You♥️ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
25
Trading vs USD or vs BTC? Read Rocket Bomb 🚀💣thoughts 🔥Hello, my dear friends!♥️ THIS POST IS INFORMATIVE AND EDUCATIONAL ONLY! That's not a trading idea!🙅‍♀️ I created this post especially for beginners, who are interested in understanding altcoins trading! It's suitable on bullish market 🔥 Let's take a look at chart, I have prepared for You.👇 Many people ask why I often trade with Bitcoin? I decided to prepare an answer on the chart for you by analyzing one of my last trades! ATTENTION !! THAT'S ONLY MY EXPERIENCE AND IT CONCERNS MY STRATEGY , which I'm happy to share with you by my work here♥️ In October I bought Hive vs Bitcoin (and advised everyone), then Bitcoin was $ 19,500. Unfortunately Hive continued falling and knocked out a conditional Stop Loss, which I decided not to use and continue holding it. Frankly, it was long time and many times I wanted to sell at a loss!🤪 Only the growth of bitcoin helped me not to see a strong minus for this position! In February, I saw a breakeven position for first time, but in dollars the position more than doubled due to the bitcoin rate. And now, in March, my chart has been fully worked out! And the position is closed at + 70% and the Bitcoin rate has grown x 2.3 times! And in dollars this position rise up to 423%.Take a look 👇 I'm very pleased to share my experience with you, I sincerely wanna be useful to you, because my work here not only charting, that's my soul, my experience, my contribution to each of You! I really wanna be important and useful to YOU!♥️ YOU NEED ALWAYS START FROM LEARNING! So, let's develop together ♥️ Stay tuned by Rocket Bomb 🚀💣
Education
by RocketBomb
11
Stellar & Bull FlagsHello! Today too much people ask me about Stellar! That's why I wanna share with you my vision on it! ♥️ Happy to present my chart👇 We can see, that price moving by bull flags and it's look wow! So pretty cool!😊 Let's look on a full history on 1 daily chart!🧐For me looks also promising🔥 Also for better understanding the potential, we need to check out BTC pair of XLM! Let's take a look, here 👇 There we can see, that we still in bottom, and it's good signal for further growth😉 Hope You liked my analysis ♥️ Stay tuned by Rocket Bomb 🚀💣
BINANCE:XLMUSDLong
by RocketBomb
19
Bitcoin: how You can analyze the price?Hello! If You interesting in Bitcoin update, here it is 😉 On this chart I wanna share some opportunities for analyzing charts! It's always great to apply multiple methods in your trading strategy. For example, You can use patterns + indicators (like U can see on my chart)! Some patterns and how to use them. My EDU post 👇(click on the picture for reading more ) If You will have any questions , write me in the comments And stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDLong
by RocketBomb
42
ETHEREUM using MACD 😊Hello, dear followers! Today we are looking at price movement of ETHEREUM and add to this MACD indicator! Pay attention at previous BUY signals of MACD and try to make a signal for now! Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom. My previous ETH/BTC chart if You didn't see it 👇 Have a great time♥️ Stay tuned by Rocket Bomb 🚀💣
BITSTAMP:ETHUSDLong
by RocketBomb
15
Daddy of alts - ETH/BTC 😉Hello, dear traders! Everyone wanna know << When will altcoins starts actively moving again?>> For clear understanding, it's important to analyze the Ethereum vs Bitcoin chart!💡 Let's take a look at the daily chart and add an MA indicator, that will allow us to get bullish and bearish signals! Recently I made a tutorial post on the example of Bitcoin, who have not seen, here it is👇 What do we have at the moment? We expect the lines to cross, which will give us a bearish signal (more likely, it will be a good buying opportunity), and then we waiting a bullish signal, which will most likely give us the opportunity to see the price at the top of the symmetrical triangle (which is highlighted inside the orange Wedge) This rise will trigger the rise of many other altcoins! I hope you were interested😉 Don't forget to subscribe😊 And stay with me forever♥️ Always sincere with You Rocket Bomb🚀💣
by RocketBomb
20
⭐ PSYCHOLOGY of TILT⭐ ⭐ LOSING TILT ⭐Hi, My friends! Let's go Forward to knowledge💪🏻Today i made psychological EDU post for You😊 Psychology of Tilt: Losing Tilt Reaction 1. The desire to recoup with increased risk It's difficult to find a market player, who has never had a strong desire to recoup and didn't go on rash actions because of this. When we using the term "tilt" most often we mean precisely this reaction. We can say, that it's the main variety of tilt. And that was given the greatest attention in scientific research, including the desire to recoup is the basis of pathological gambling. Among the factors contributing to the emergence of the desire to recoup can be identified: 📌- Dispersion of the game 📌- Bet size 📌- game speed 📌- Frequency "near misses" The last factor needs clarification. “Near Missing” (near misses) is the outcome of a bet in which the player was defeated, but was close to winning. “Near misses” are less pleasant for a person, than losing without a chance of winning, but at the same time cause a desire to continue the game. 1. Explanation through the theory of perspectives According to this theory, the function of the subjective value of wins and losses has a specific form, and after losing a person falls into that area of the function, which is characterized by a desire for risk. This is easier to show on the chart. Suppose, after losing, the player gets to point A. Due to the features of the left side of the function, any further loss (further movement to the left side) will have less subjective significance for it than a gain (reverse movement to the right side) of the same size. And since potential gains become more significant than potential losses, the desire for risk increases. This function of subjective value is an empirically established pattern. Features of the perception of losses and wins are also characteristic of a person's perception of other phenomena. In other words, a person’s perception of gains and losses in the manner described by them is simply a property of the human psyche. Thus, the desire for risk after losses caused by such a perception is also simply a certain basic characteristic of a person. 2. Explanation through a player error. Player error is a common misconception in understanding random events. A person who is prone to this error believes that the more often a random event occurred in the past, the less likely it will happen in the future and vice versa. This mistake is based on the belief that random manism should not generate extended series of the same type. Due to this mistake, the player after a series of failures will consider that the probability of his future wins has increased and as a result will continue the game with special persistence. It is difficult to argue that the player’s mistake contributes to the desire to recoup with an increased risk. 3. Explanation through the threat of "I". The emerging threat of "I" causes various protective reactions. One of these defensive reactions is the desire to recoup with increased risk: quickly returning the lost money, the player will retain the idea of himself as a fairly strong plus player. It is also worth considering that the threat of “I” is a well-known trigger of anger. And anger mobilizes a person’s energy, instills in him a feeling of confidence and strength, and prepares for an attack. Summing up the consideration of various approaches to explaining the desire to recoup with an increased risk, it is worth noting that these approaches are not mutually exclusive. They rather complement each other. In other words, most people may indeed have some basic tendency to increase risk after losing, which is reinforced by the player’s mistake and perceiving the loss as a threat to “I”. Reaction 2. A sharp risk reduction Not all players are characterized by an increase in risk after a significant loss. Having suffered serious losses, some traders can continue trading, but use only the most reliable strategies, Speaking about the desire to recoup, they almost always assume that this desire is associated with increased risk. However, it is important to understand that lowering the risk does not necessarily mean a complete rejection of attempts to recoup. A reason for avoiding risk after a defeat may be a hot hand fallacy error. A “hot hand” error is another misconception in understanding random events. The essence of the error lies in the fact that after observing a long series of events of the same type, people cease to believe in random outcomes and predict that a series of events of the same type will continue. As a result of this mistake, a player after a series of defeats may begin to think that under the circumstances, his chances of winning are objectively underestimated (“they started a twist against me”) and make a logical decision about the need to reduce the risk. I hope you enjoyed my post. I tried hard for you💋 Stay with me😉 Love you♥️ Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
18
Have You ever dreamed to become a popular trader?😊Hello, Have You ever wanted to become a popular trader? Have you ever wanted to become famous like Jesse Livermore or, say, Larry Williams? Or do you think that success loves silence? Scientists have calculated that, to one degree or another, 70% of people dream of fame (at least sometimes). That's, by the way, is a natural part of socialization. Here is what the famous American sociopsychologist Orville Gilbert Brim, who studied the nature of fame and ambition, received: 📌 2% of people dream of becoming a celebrity is their main life ambition; 📌In another 30%, the desire for fame is among the main desires; 📌 for more than 40%, the idea of becoming famous appears from time to time; 📌And only the rest (which is less than 30%) do not care about fame. So if we take three traders, then two of them will dream of becoming the "powerful trader" about whom will make legends. Is it good or bad? 🧐 Evolutionarily, the desire for broad personal fame is a socio-psychological mechanism aimed at improving the human race. Great people drive progress, and society rewards them with emotional benefits - reverence, worship, etc. In theory, everything should be cool. In reality, the pursuit of fame can take various forms: 🔎constructive ambition; 🔎non-constructive vanity; 🔎various pathologies. For example, if you wanna be one of the famous millionaire traders, ambition can be a good motivating fuel and will help you grow professionally. But the lust for fame can also ruin a trading career. The problem is, that you can't become a famous trader right off the bat. Let's be frank: worldwide fame is for few. Even in order to gain professional recognition in a narrow circle, you have to work hard. And then the subconscious begins to throw in options, insidiously whispering: "It's okay, that you lost three deposits, took five credits for trading and lose 11 times out of 10. Start a YouTube channel and tell everyone how cool you are!"😉 There is no benefit from such activities. Success is doubtful, and in the worst case, you can even earn the fame of a bla-bla man and be known as an unwise person. But even this is not the most harmful thing. The main problem is that the pursuit of fame is a waste of time and effort. 🔥 A trader chasing emotional illusions ultimately reduces his chances of becoming a professional and gaining real recognition. 🔥 The desire for fame corresponds to the fourth stage of Maslow's pyramid - this is one of the forms of the need for respect / reverence. I already made a post on this topic, I'll leave a link for those who have not seen👇 But it happens that the thirst for fame grows out of completely different needs. Such pathologies include: 🔎Lack of love, which a person tries to compensate with popularity. 🔎The conviction that fame will solve all existing financial, household, social problems. 🔎 Feelings of inferiority. 🔎 Revenge arising from feelings of inferiority. 🔎Envy. In all these cases, there is a substitution of pathological adequate ambitions in life. And the pursuit of fame in an attempt to satiate jealousy, raise self-esteem, etc., takes away resources that could be used to achieve really important goals. 🙏 "I was just doing my job" 🙏 Real recognition comes when a person is on the seventh step of Maslow's pyramid, symbolizing the need for self-actualization. Simply put, is engaged in life's work. One beats, beats to achieve fame, while the other just works quietly, creates, does something there - and recive glory on a silver platter. Although he may not have expected it at all. In general, everything is simple: do the job, and the rest will follow. By the way, psychologists warn that if the desire for fame becomes the leading motive of activity, then it's - "blocks creativity and destroys personality." This doesn't mean, that you are forbidden to dream about how you will become a famous trader. But this dream should not be the main one, or only one. By the way, how can a trader become famous? From whom take an example? After all, the paths of glory are so different. For example, you can gain fame: 🔥demonstrating inspiring examples of the play of the mind and the ability to rise after defeat, like Jesse Livermore 🔥revolutionizing stock trading like Charles Doe and Edward Jones; 🔥breaking stereotypes, like Linda Raschke, who became one of the first tough women traders; 🔥becoming a champion in trading and writing a bunch of books like Larry Williams; 🔥deceiving Hitler and becoming one of the main figures in CME history like Leo Melamed ... 🔥And some are overtaken by the glory of Herostratus - like, for example, Nick Leeson, who in one fell swoop swung over a billion and ruined Barings Bank, which entrusted him with money management. I wish each of You - happiness to do something, that really brings You joy, because: SUCCESS IS NOT THE KEY TO HAPPINESS, HAPPINESS IS THE KEY TO SUCCESS! If you love what you do, you will be successful! Always keep it in Your mind and don't forget about Rocket Bomb 🚀💣 💙💛
BITSTAMP:BTCUSDEducation
by RocketBomb
16
Using MA on BTC's example!Hi! Moving averages are one of the most popular technical indicators. They have various types, but they have one purpose - to determine the current trend by smoothing out volatility and noise. Let's look how MA works on price movement of BTC! The crossing of the slow MA by the fast one from bottom upwards gives a signal to buy, from top to bottom - to sell - The simplest form of a moving average is known as a simple moving average (SMA). It is found by calculating the arithmetic average prices for a certain period of time; - Exponential Moving Average (EMA) assigns more weight to the latest data, which is why it is more preferable; - The main functions of moving averages include identifying trends and pivots, as well as support and resistance levels; - Moving average can be a risk management tool. Thanks to it, you can set a stop loss and cut a losing position; - The most popular moving average signals are their intersection with the price or their intersection with each other; - Crossing of the moving average price upwards gives a signal to buy, downwards - to sell; - Moving average signals can be false when pairs are trading in flat or when a gap forms; - Moving averages should be combined with various indicators and oscillators. So their signals will be more accurate, which will lead to the opening of profitable positions. Hope My post was helpful for You♥️ Stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
14
Ethereum / Dollar 💥on daily chart 🚀💣Hello dear Ethereum holders and fans of Ethereum!♥️ Wanna share with You my view on near future of ETH Let's look at daily chart 👇 we can see a divergence (this type of divergence happens often and not works often). More about types of divergence You can read here 👇 As for MacD, it shows a sell signal ( the MACD line crosses the signal line from top to bottom). Time will tell us soon is it were wrong or right! Happy to share with You my thoughts♥️ Stay tuned by Rocket Bomb 🚀💣 My previous posts on ETH
BITSTAMP:ETHUSD
by RocketBomb
8
😱Types of Fears in Trading😱Hello! There are several types of fears at the market! There are several main types of fear: 💡- fear of losing all capital in the account. One of the most common fears. The trader clearly understands that the numbers in the terminal are his money, and their reduction limits his financial capabilities in the future. Under fear of losing an even larger sum, a market participant does even more stupid things or even refuses to trade; 💡- fear of losing money in a losing position. Similar concerns arise during the transaction period under the influence of strong market volatility . This kind of fear is easily correctable; 💡- fear in time not to see a signal to enter or exit the market. More often it's faced by newcomers, who will not imagine what risks are in the trader’s deals and how to protect themselves from them; 💡- general fear of working on the market. It can act as a negative background and prevent you from making the right decision. Often, such fears are eliminated by gaining certain knowledge and experience on the exchange; 💡- fear of receiving another disadvantageous deal. Such fear leads to the appearance of excess fuss. As a result, the trader misses a really good deal; 💡- fear of early fixation of income (fear of loss profit). The position could still be kept open, but the trader reduces his risks, closes the deal and receives less profit. For many market participants, the fear of making such a “mistake” is even stronger than the fear of losing trades. Guys, it's ok to feel all types of fears ! Especially for those , who new at the market ! Everyone went through that. Someone overcame own fears, someone is trying to overcome, but someone hasn't gotten along with emotions and left the market! Remember, if you have a goal - go forward!💪🏻 Look only ahead and listen only yourself !🙏🏻 If you wanna become successful - you'll surely become that!!!🚀🚀🚀 Let's become better together ♥️ Stay tuned by Rocket Bomb 🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
24
Maybe it's time to get out of comfort zone?🧐 Have you noticed, that one of the most comfortable sleeping positions is curled up in a ball. The legs are pulled up to the stomach, the head is lowered, the arms are hidden on the chest, the back is slightly arched. Cover yourself with a blanket and sleep. Warm, dark and calm. A sense of safety arises. And the secret of this protective posture is in subconscious imitation of the fetus in the mother's womb. There, in the warmth of the mother's womb, is the first comfort zone, that a person leaves when he is born. Subconscious memories of how comfortable, calm and good it was, remain with us for life. If you wanna live, you have to be born. For a baby, this jerk is extremely uncomfortable. You find yourself in a cold and unfamiliar place, and some monster slaps on your 🌰🌰 🤣🤣 After a while you want to eat and drink, and you have to do it yourself, and everything around is so huge, loud...really don't wanna repeat that. Therefore, subconsciously, we always resist leaving our comfort zone. The experience has already been. Didn't like it! But the stress mechanism, that is triggered during childbirth (and then every time you leave your comfort zone) is a protective function of the body. Stress activates the reserves of the body and brain, forces us to act more actively, to fight the aggressive world. However, nature also took care of the reward. If stress doesn't become constant, but is a one-time surge, that activates forces, relaxation and satisfaction follow. So, we figured out the physiology of the comfort zone. Why going beyond it guarantees stress is understandable. Now the question is: <> The birth of a trader In fact, everything new, unknown and unusual is outside the comfort zone. Even if we go to the store in a new way - that's a mini-stress for our brain, forced to work out a different route instead of saving resources while the body is moving on autopilot. Any change of scenery, new job means going beyond the familiar world. And the higher the unknown, the more uncomfortable the path. For most people, trading is terra incognita. Trading isn't taught at school, it's not taught at universities. Trading forces you to take responsibility. Most importantly, trading is always associated with risk. Risk is danger and uncertainty, and the brain reacts accordingly. He begins to ask insistently: "Do you really need this? No, are you sure?" Leaving the comfort zone and becoming a trader is also hindered by social stereotypes. First, society reacts negatively to any attempts to break the system, that is, to do something that goes beyond the standard life path: creativity, politics, business. Secondly, trading is one of the areas, that make most people wary (and statistics, according to which only 5% of traders achieve success, reinforce this feeling). So if you want to become a trader, you are already challenging society. That's why the birth of a trader so often becomes a struggle with the usual way of life, basic attitudes, other people's opinions and yourself. What happens, when you become a trader ? Think your comfort zone problems will end? Nothing like this. Two ambushes await the trader. The first is the inability to cope with responsibility for your life. The second ambush is stagnation. After overcoming difficulties, learning to trade and starting to receive a stable profit, the trader finds himself ... Right, in a new comfort zone! After all, what is it? The comfort zone is above all stability. But the calmness puts you to sleep. Periods of economic stability in history often turn into a stage of stagnation and stagnation. The same in human life. Psychologists Robert M. Yerkes and John D. Dodson established as early as 1908 that performance doesn't improve in a state of comfort. Motivation falls asleep. In order to become a successful trader, it is not enough to leave your comfort zone. You may have to struggle with its attraction more than once. Therefore, leaving your comfort zone, take care of your psyche: ✔️Pump up motivation. Be clear about why you are breaking the wall and whether you need it. ✔️Work through your fears so that the body does not engage in self-sabotage mode. ✔️Develop resistance to stress and brain flexibility. Choose non-standard routes more often - in the broadest sense of the word. ✔️Take care of insurance, think over different scenarios for the development of the situation. If you feel that getting out of your comfort zone is difficult for you, do not take a running ram. Take small steps. Have you ever tried to leave your comfort zone? Stay tuned by Rocket Bomb🚀 💣
BITSTAMP:BTCUSDEducation
by RocketBomb
19
9 Golden Rules of Effective Money Management 1. Choose the correct position size. The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal. For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many professionals use the "Rule of 2% " - when in one position a trader risks no more than 2 percent of him deposit. In this case, if the trade is closed at a loss, you'll only lose a small amount of money. There is also an alternative approach, where the trader risks a fixed amount of money (for example, $ 5), that he would be comfortable with losing. 2. Don't trade too aggressively One of the biggest mistakes is too aggressively trading . Even a small series of several losses in a row, with an incorrectly selected position size, can lead to a significant decrease in the size of your deposit. 3. Always set Stop Loss Placing a Stop Loss order for each trade has practically no drawbacks, only advantages. Very often, traders become emotionally attached to their trades, which can be fatal. For example, if a trade becomes unprofitable, an emotionally involved trader will not want to close it and will believe, that the price can still turn around and go in the right direction. Setting a stop loss helps overcome this problem. Thanks to the stop order, you can strictly control the ratio of profit and risk. You should always follow this rule, so that money management in trading gives you tangible advantages, and the deposit doesn't melt before our eyes. This is one of the basic principles of risk control. Certainly not the only one. 4. Be careful with leverage In the cryptocurrency market, many traders use leverage. It can be useful, but using it can also lead to huge losses. As long as you rationally sizing your position and not using too high leverage, then you are fine, you are safe. 5. Keep your emotions under control Capital management in the market full of emotions: from excitement and euphoria to fear and frustration. Try to free your mind of emotions - this will help you make rational decisions. The easiest recipe not to lose money is to take control of your emotions. All wrong trading decisions are usually made under the influence of emotions. 6. Take responsibility for your results (both losses and profits) How to manage capital? First of all, with full awareness and responsibility. Traders must recognize, that their trades can be both profitable and loss-making. Assuming every transaction will be successful you can be wrong. A realistic trader knows that any result is possible and is ready for it, while accepting at the same time what the market will bring to him. 7. Manage your risk and avoid overtrading A trader should get into the habit of analyzing all types of risks. You should zvoid overtrading, which is often the case for newbies traders , who don't have a plan. With such an approach, the attempt to stick to effective money management in trading often ends in failure. 8. Set the position size and take profit level It is a key element of money management in trading. Before trading, a trader must determine: 🪄Position size 🪄Stop loss size 🪄Take profit level 9. Cut losses quickly and let profits grow According to this money management advice, you should close those trades that lead to losses according to your trading system on time and get the most out of winning trades. Enjoy your trading journey! I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
8
BTC Dominance is falling🤪Hello friends, You may notice that Bitcoin Dominance is falling. On the chart, I marked the orange zone, which the price touched on each pump, and then went down, which meant the end of the bullish mood. I would like to remind you my previous chart comparing the same peaks that you see on the Domination chart with the Bitcoin chart of the same time. What can you say? Any thoughts? I'm interesting in Your opinion❤️ Let's argue (only respectfully), because the truth is born in a dispute 🙏 Stay safe and profitable🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
CRYPTOCAP:BTC.D
by RocketBomb
28
Golden Rules for Traders by Rocket BombHi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐 The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them. First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!! The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit. Second rule 🔥Managing Your risk🔥 We can't control the market, but we can control ourselves The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade. The third rule of "perfect trading" 🔥Assess Market Condition🔥 Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them. The fourth rule -🔥 STRATEGY 🔥 Step four: NEVER LEAVE YOUR STRATEGY !!! There are different strategies in my trading plan, that are used in different market conditions. 💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
LTC vs USD & BTC 🚀Hello dear friends, just quick update on LTC/USD vs LTC/BTC😊 For me still looks promising Try to catch the price at the bottom of triangle on the LTC/USD chart and the bottom of falling wedge at LTC/BTC chart by splitting buy orders. If You don't know how to do that, I leave Edu post here 👇 Looks very simple, but it works for Us😉 If You have any questions, I'm waiting for You in the comments 💋 Stay with me forever💋 Thank you for staying with me🧡 Sincerely Yours Rocket Bomb🚀💣
Long
by RocketBomb
24
Trend Continuation Patterns & Reversal Patterns🚀💣Hi, friends! Let's keep learning?😉 Today we are talking about <> and <> of Technical Analysis 😊 - this girls try to tell You more details😉 Hope, It would be helpful for You♥️ 🐂Bull flag🐂 The principle of bullish flag trading, like all technical analysis figures, is the same - a breakout of the control point is required. As soon as a breakdown has occurred, you can immediately post the target. The target in a bull flag will be the height of the pole. There is one more feature of this figure - the canvas of the flag should be tilted against the main trend. 🐻Bear flag🐻 For the most profitable entry, it is better to enter into a deal with a pending order. As soon as the trade is entered, the take profit is placed at the height of the pole from the breakout point of the pattern. 🐂Bullish pennant🐂 The pattern trading rules are identical to the bull flag trading rules. 🐻Bearish pennant🐻 The trading rules are the same as for the bear flag . 💥Head & Shoulders Pattern💥 After the pattern has become clearly visible, namely, the right shoulder is clearly visible, the trader needs to wait for the neckline breakout. Breakouts occur on strong impulses with a sharp increase in volume . Therefore, in order not to miss the entry and enter at the best price, it's better to use a sell stop order. To calculate where the price will go after the breakout of the pattern, it is enough to measure the height of the pattern (vertical from the maximum of the head to the neckline) and postpone it to the breakout point. 💥Inverted Head & Shoulders Pattern💥 An inverted head and shoulders pattern occurs in a downtrend and heralds an uptrend. The rules for working on a figure are similar to the previous ones. It is worth noting that the head and shoulders pattern is rarely encountered in its pure form. Be careful! 💥 Double Bottom Pattern 💥 After you have identified the pattern on the price chart, you need to wait for the breakout of its resistance line. If the price has broken through the resistance, then the target will be the width of the pattern's range - the distance from the lowest point to the resistance. 💥Double Top Pattern 💥 A double top is similar to a double bottom . The only difference is that this pattern is reversed and occurs on uptrends. The number of extrema in a pattern can be not only double, but also triple, and even more. But the rules of work will be identical for everyone - enter on a breakout, postpone the target to the height of the figure and wait for its execution. 💥Diamond💥 We measure the height and wait for the breakdown of the diamond. If a breakout has occurred, then the price movement target will be the height of the pattern from the breakout point. 💥Cup & Handle💥 Trades are opened on the breakdown of the "handle" upwards. Target is the height of the figure. Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
10
Maslow's Pyramid & Rocket Bomb Descriptions in trading 🚀💣Hello, my dear lovers of self-development!💙💛 I haven't posted any EDU Posts for a long time. For me, each of them is special, in which I put all my soul and creativity 🤗 Today I would like to talk with You on very interesting topic - which calls <>! This post was created by myself this summer, SPECIALLY MY THOUGHTS, based on Maslow's Pyramid of Needs. If you start reading modern literature, You'll understand, that most authors think, that Maslow's pyramid no longer works, or doesn't fully work. 🤷🏻‍♀️ ⚡According to Maslow, higher-level needs can only arise when lower-level needs are met⚡ Someone may disagree with this, but personally for me, everything is very transparent and obvious. Only by closing the basic needs (basic knowledge in trading) we go further, we simply don't think about what we have attained the truth in a certain sense.🙏🏻💥 Now it has become fashionable in the world to refute theories and make adjustments in it🙄 But the wisdom, that has been passed down to us for centuries can't be ignored.🙏🏻 Today I would like to share with You Maslow's Pyramid in my descriptions for traders. Hope You'll like it🙏🏻 ⚡At the first stage, a trader tries to cover the most basic needs: most often a person comes to the market for money, and that's the physiological need in trading. ⚡Going to the second stage, he seeks safety, because he faces difficulties ... and only if he realizes, that on the first stage he made a mistake (down arrow), after re - thinking, he can move on to the third stage (up arrow). But that's a huge work. It takes time and endurance , patience and calmness, desire and fortitude!💪🏻 ⚡With the transition to the third stage, a person becomes more successful, he change his thinking . And that's a great sign on the road to success.💪🏻 He begins to be proud of himself, but realizes, that there is an opportunity to develop further.🚀 ⚡The fourth stage - he start makes a good profit, the trader, by default, accepts all previous experience and moves on, filled with motivation and success.💪🏻 ⚡And the fifth stage - most important thing for any trader is self-realization. A trader understands, that he is successful, self-sufficient and he has something to share with other traders ... he can motivate, inspire, and that's the highest reward !!!💪🏻 Only 5% of traders reach the 5th stage, and maybe less.🔥 Do you strive to be part of that 5 percent?☝🏻🧐 At what stage do you feel yourself? Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6