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Humility in trading and lifeWhat's up guys, I am here to share a truth about life and trading (mostly life - it's more helpful) I was wrong for the first time ever on Tradingview (50% of the time to be fair). Yet, I am still massively up? How can that be? Because I reduce risk and am conscientious of my trades. Being wrong has opened me up to criticism and I more than welcome it. I love criticism as much as praise, even more so. I am not worthy of praise, but I am worthy of criticism as an imperfect being - and so I expect it and anything else would be fundamentally strange. The title of this article includes humility and indeed that is what I can laud about to you all the most. Someone called me arrogant on here and if I have come across that way, let me deeply apologize. I am not concerned with myself. Indeed, I am far enough along in my spiritual journey that I do not really fear death. I worship life, but I accept that I will die and that the world will go on because there are larger forces at play. Evolution will have more impact on humanity than I, or any human, ever will (Elon Musk is giving it a proper go by making a big leap towards commercial interstellar travel and colonization). Yet, in life, I hope to truly change people's lives and die and leave a legacy that will help all of humanity. It's the yin and yang of my life's philosophy: understanding the degree of infinitesimal value of my life, yet feeling a deep need to change the live's of others around me. You will find understanding reality has a lot to do with being able to be in a superposition yet not implode. All pain and suffering and joy and pleasure will end. I will be interred into the space we know as nature and truly become one with it. On top of this, the universe is always losing energy - our understanding of physics tells us - and so our demise as a species is as certain as human understanding can make it. With this knowledge, I can promise to you I am not arrogant. I would have to deny reality to be arrogant. I accept the reality I live in. If I have come across as arrogant, it is the nature of the teacher's role. I have teachers in my life, but for most of you, I am your teacher. You come to me for my authority and I share with you my knowledge. I only do this to help people. I do not do this to show off or fall in love with myself. To tie this all into trading, I have one simple phrase: your PERCEPTION of reality is NOT reality. The markets are independent of your desires and wills. It is chaotic and unpredictable from our vantage point. Do not feel you have to be right, you do not. Nature is not cruel, it is indifferent. It is indifference that is most terrifying to the masses of humans. Be willing to be humble. Be willing to be wrong. Be willing to learn. These are my lessons for trading and life in general. If I've been helpful, please like my work and follow me, it will help us both. (read my work if you do not understand WHY it helps you - I've spelled out my goals before) -YoungShkreli ps. I really (I say really because we were alone together for the first time) met someone today who is my clear mental superior and yet even I (little ol' me) could see profound gaps in his knowledge. This is why the exchange of ideas is important. We are all but small cogs in a VERY large system. To understand it all, we must confer and make use of the expertise of others. Dedicate yourself to finding the truth and learn. Find joy in the knowledge of others.
BITFINEX:BTCUSDEducation
by CantorTechnologies
14
NZDUSD Potential Short After last weeks rally to the downside we are still trending lower it seems. After catching an advanced patter set up, a short bias can be announced. Using Fibonacci retreacements and extensions several criteria has been met. Starting off Measuring the XA we can find the C leg has met the 1.272%. Also a pullback of the B leg has met the .618% so now we must watch as price continues to pull back a bit higher to retest previous resistance. At which point we can bring out the .786% level of the XC leg as it is in confluence with the resistance level where we can look to enter the market. Finding targets is as simple as one two three all we need to do is grab the DC leg pull up the .618% & .382% and set stops above our starting point and Viola we have ourselves a nice set up.
Short
by Alexkly
How To Trade AUDUSD Bullish StruggleOn the Daily chart, AUDUSD is on a Fibonacci pattern completion and this will end when the market hits the previous top and crosses that level. The 50% zone is already hit and we are waiting for the 100% zone since a bullish movement is already evident in the area. On the 4hr tf, the chart has broken the trendline and we should expect a bearish movement but a retest should be encouraged since we have a strong support too. Go Long as of the current state, the signal is long to about a take profit of 500 points Go short when 0.78880 is broken and a solid bearish candle shows a strong down movement, the bullish signal will be invalid and a short trade will be initiated
Long
by DevLucem
EURUSD, second target hit + two additional short successfulas of tomorrow the Central banks enter the show. Starting with the FED, followed by SNB, BoE and ECB on thursday. Nevertheless, we already banked our profit for the week and manage our current positions with stop loss at least at break even. In last week's video I elaborated on the high confluence zone for EURUSD and gave to targets. Target 1 was reached last week and target 2 has been reached today. But, by understanding structure and market dynamic we were also able to open two additional shorts. Both hit their target as well. We won't get biased and have our scenario's ready for the Central banks.
Short
by TimStuyts
Strategy for ALTCOINS VS BTC (Beginners) - How To Split Your BTCOne of the many issues beginners face when trading ALTCOINS, is how to split their money. Where to invest? How much to invest? How long to wait?, etc. It happens that in this market, the cryptocurrency market, opportunities are endless, and we are bathed with a wave of new opportunities all the time, everyday, but this can turn into a problem rather than a solution. A disadvantage rather than an advantage. Why is that? Well, if we don't have a plan we tend to make mistakes, because of lack of experience. We might join a trade and buy an altcoin, we feel all pumped up and hyped up, and feeling good and positive. The next minute another opportunity comes, and this one seems bigger and better, and somehow you don't want to wait, you move to the new one, on and on. Leaving loses behind each time you jump from coin to coin, and worst yet, the action seems to start, almost always, as soon as you go. So how do we deal with this problem? How can we plan to take advantage of all the opportunities, without worries and end up in success? That's the question that I am here to answer for you. THE 10% PLAN Let's say you have 1 BTC (Or 0.10 BTC), or any amount for that matter, and a awesome, charismatic, helpful and optimistic trader, like myself (:P), posts a new idea and you want to join. How much of your capital will you put in? Will you put in 100% Of your capital? NO. "Well this is a huge trade", "This guy knows his stuff", "I will take the chance to recoup my losses", etc. Remember that we do not, and cannot, predict the market. We look at signals which points to a certain direction, but the market can choose to do whatever it wants. That's why we set targets and also stop loss. So instead of putting all your money in one place, divide all your trades in increments of 10. You have 1 BTC, then you have the chance to open 10 trades. You don't have to join them all at once. You are not losing anything if your money is resting fine. This new trade I just posted, you can put in 10%. Set it and forget and you will do well. The next trade, go ahead, another 10%. Now you are feeling good, because you have a plan and you feel strong. And even if the trade goes wrong, you have 80% of your capital safe, and in the worst case scenario, you will see a 10% loss. On the other hand, if the trade goes as planned, and you get to earn, you can be looking at a maybe a 100, or even 200 percent. Follow this strategy wherever you go. And trust, that in time, you will see your money grow. NAMASTE.
COINBASE:BTCUSDEducation
by AlanSantana
48