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The only constant with trading the markets is...The only thing constant about financial markets is that they change. And since 2007 or so, with the higher availability of trading different instruments and markets world-wide. And not to mention, the ability to go long (buy) and go short (sell). Yes, these everyday possibilities were difficult to find and trade back then. Now I’m speaking my age in the markets. But it’s important to know, the algorithms are changing the game every single year. As long as you’re a trader you need to be able to learn, grow, adapt and evolve with every changing markets. Let’s go into details about WHY the markets are changing… Since around 2007, the landscape has undergone significant transformations, driven by several key factors that shape the dynamic nature of these markets. 1. Globalisation and Technological Advancements Traders now are able to gain access to enhanced connectivity, facilitating participation in markets worldwide. They also have amazing trading and charting platforms like TradingView. This increased speed of information dissemination and transactions has a profound impact on market dynamics. And this helps contribute to the perpetual state of change. 2. Diversification of Instruments and Markets The availability of diverse financial instruments, ranging from stocks and bonds to commodities and cryptocurrencies, has expanded trading possibilities. Each year we seem to have more assets, markets, instruments, structured products and choices. It's building into a trading universe in a way. And each market possesses unique characteristics influenced by distinct factors. This diversity introduces complexity to trading strategies. And this requires traders to navigate a broad spectrum of instruments with different behaviors. As long as there are new and improved assets, the markets will always change. 3. Long and Short Positions Unlike in the past, where shorting certain markets proved challenging, the ability to go long (buy) and short (sell) has become more prevalent. This flexibility allows traders to capitalize on both upward and downward market movements. With the ability to go long and short a variety of markets, this is changing the financial landscape of the markets. Price action no longer moves in a Zig Zag 45 degree motion. There are more dips and rallies without strong trends, like in the past. All because of the intrciacies of long and short positions also adds intricacy to risk management strategies. talking about algorithms. 4. Rise of Algorithmic Trading Algorithmic trading has emerged as a game-changer in financial markets. This involves using computer programs to execute trades based on predefined criteria. The influence of algorithmic trading is profound, contributing to increased liquidity, faster execution, and the development of innovative trading strategies. As algorithms evolve each year, they continually reshape the dynamics of the trading landscape. 5. Market Participants and Strategies The composition of market participants has evolved, with institutional investors, hedge funds, high-frequency traders, and retail traders all playing pivotal roles. All of a sudden we've seen a spike in the new trend of trading with Smart Money Concepts and Inner Circle Trading, in the last two years. These changes in the behavior and strategies of these participants can swiftly impact market trends and volatility. The influx of retail traders, facilitated by online platforms, further adds new dynamics to the markets. So once again, the only constant for traders is the change that is taking place in the financial landscape and market universe. Traders who evolve, adapt, acknowledge and respond effectively to the perpetual state of change are better positioned for success in this dynamic and challenging environment.
JSE:J200Education
by Timonrosso
9 Elements to Master Algo-TradingThere are two types of trading. Discretionary where you buy and sell based on variable factors. Mechanical where you buy and sell on fixed factors. If you want a strong edge with the markets, then you’ll need to consider the latter. And hence we have algorithmic, or algo trading. Algo trading, or algorithmic trading, is the use of computer programs to automate the process of trading financial assets. These programs, or algorithms, execute trades based on predefined rules and criteria. Now when you dissect algo trading to its core, you’ll realise there are important elements you’ll need to consider to master it. Element #1. Database Management & Analysis Algo trading simply begins with a whole bunch of comprehensive and organised data management. You’ll use the financial markets to generate vast amounts of data, including historical price movements, trading volumes, and momentum indicators. Basically, you’ll need this database to create a strong back tested analysis. That way you’ll be able to get the accurate data to tell you how it’s performed, the expectations and the best and worst case scenarios. Element #2: Statistical Analysis Once you have the database of tested information. You’ll be able to work on your statistical analysis to see the inner workings of the system in action. Win & loss rate Best & average winners and losers Drawdown averages Average trade Expectancy formula Biggest and smallest winner & loser Average week, month, quarter and year Basically, all the stats you need that forms the bedrock of successful algo trading strategies. When you have this data you’ll be able to spot trends, correlations, and anomalies within financial data. Element #3. Pattern Recognition Skills Pattern recognition is a core competency in algo trading. We aren’t fully there yet with AI, Machine Learning and Deep Learning. But we’re getting there. With trading expertise combined with algorithmic precision – this will allow computers to find recurring chart patterns, candlestick formations, and technical indicators. These patterns often help give trends, reversals, potential market movements, and opportunities to enter or exit a trade. E lement #4. Machine Learning Machine learning, a subset of artificial intelligence. By using historical data, machine learning algorithms can adapt and improve trading strategies over time. So whether you have a moving average, chart patterns, Smart Money Concepts, Fibonacci or any other trading system. With Machine Learning, it will input more data and will be able to change, add, remove and optimise elements in your strategy to make it MORE successful. In just no time at all, these algorithms will learn from past successes and failures, fine-tuning trading parameters and strategies to optimise your trading performance. E lement #5. Trading EA Strategies Expert Advisors (EAs) are your everyday trading robots. These are algorithmic programs that are developed for trading platforms like MetaTrader and soon TradingView. These EAs help you to execute trades based on your pre-defined rules and criteria. You’ll then be able to design and backtest these strategies to make sure they are viable and profitable in REAL market conditions. And when it’s time to take trades, EAs do it for you. They will be able to automate the execution process – with no emotions or hesitance. This will allow you to capitalise on opportunities 24/7 without any human intervention. And you no what that means. It’s going to do the job! Element #6. Problem-Solving Skills You are going to hit a bunch of obstacles in the way. There are major challenges when it comes to algo-trading. And you’ll need to have strong problem-solving skills to overcome them and succeed. Just like programmers deal with bugs, glitches and problems with code. You’ll also find problems with paramaters, markets, rules, criteria and risk management calculations. If you have strong problem-solving skills you’ll be able to quickly identify and sort out the issues, diagnose causes, and find and implement solutions to maintain consistent performance. Element #7. Attention to Detail You need to have an eye for algo-trading. When the smallest discrepancies or inaccuracy can have major consequences for your portfolios performance. You’ll need to consistently review your strategies, parameters, and data inputs. That way it’ll help to make sure your system is accurate, reliable and trustworthy. Element #8. Risk Management It’s not just about creating a solid trading strategy and system. You’ll need to have effective risk management too. With Algo trading, you’ll need to employ a couple of money management techniques like: Position sizing Stop-loss orders and criteria Portfolio diversification When to close based on over time When to adjust your positions When to risk a certain percentage based on different market environments This will help you to protect, preserve and prosper with your portfolios. Element #9. Market adaptability Markets are dynamic. Markets trend. Markets move sideways. Markets jump in irrational circumstances. As an algo trader, you’ll need to find a way to adapt your system into the programme to identify these market environments. E.g. When the main market is above the 200MA only look for longs When the main market is below the 200MA only look for shorts. When the market is within a box range – Don’t look for any trades. As you can see, there are many elements to being a successful algo-trader. It also takes a ton of innovation. But have this article with you, for when technology and developments improve – You’ll have certain ideas and steps to take to improve your algo trading. Let’s sum up the important elements to algo-trading… Element #1. Database Management & Analysis Element #2: Statistical Analysis Element #3. Pattern Recognition Skills Element #4. Machine Learning Element #5. Trading EA Strategies Element #6. Problem-Solving Skills Element #7. Attention to Detail Element #8. Risk Management Element #9. Market adaptability Do you use Algo-Trading with the markets?
JSE:J200Education
by Timonrosso
Q&A MARGIN CALL - Everything you need to know Today's Q&A I want to answer the most common questions I get about Margin Calls. Let's begin. Q. What is the Margin Call? A margin call is a situation where a trader does not have enough funds in their account to keep a trading position open. Your broker will either phone you or you'll receive an automated message with a margin call warning. Q. What can you do when you hit a Margin Call? If you are ever in this situation, you will be instructed to do two things. Deposit more funds into your portfolio to keep your trading positions opened. Close your current open position/s that are running at a loss, before your trading platform closes them out for you. Tip: When setting up a trading account with a broker find out what their minimum margin requirements are. Q&A: Can you show an example with a Margin Call? Let’s look at an example with a Margin Call Here are the specifics: Equity portfolio: R10,000 Initial margin deposit: R5,500 You buy a CFD trade which says you need to have at least 30% of the margin (initial deposit) in your account, to keep the trade opened. This means, you need R1,650 (30%) in your account to keep your trade opened. The next day comes and the market crashes below your stop loss. Your new account balance is now R1,500… Unfortunately, you’ll hit a Margin Call as your portfolio only has 27% of the initial margin of your trade. = Equity ÷ initial margin deposit = R1,500 / R5,500 = 27% 27% is less than 30% of what you need to maintain an open trade. The broker now has the right to close the trade and to send you a notification about what happened. You will receive a margin call to instruct you to deposit more money into your account or to close your trading positions. Q&A: What if I can't pay back the money when I hit a Margin Call? Essentially, you will be owing the broker as they will not be carrying the risk. If you cannot pay it or refuse to clear the negative balance, you will not be allowed to trade with the broker and/or trading platform again until you pay what you owe. Depending on the size of the debt, if you refuse to pay it then some brokers may have the legal right to pursue the outstanding debt through legal means. This means they could file a lawsuit. They could even take the matter to court, where a judgement may be issued where the trader will be required to repay the debt. What Q&A would you like to see next? If you enjoyed it or found this useful let me know so I can do more for TradingView... Trade well...
JSE:J200Education
by Timonrosso
Next volatility period: around December 9thHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) As the period of volatility comes to an end, it is expected to close below the 37253.81 point. Currently, the HA-High indicator is trending sideways, so the HA-High indicator is not consistently level and is showing volatility. Accordingly, we believe that the HA-High indicator is not yet suitable for the role of support and resistance. Therefore, we need to check in which direction it deviates from the 36136.51-37253.81 range and seek a response plan. In any case, it is sideways in the 34786.17-37779.56 range. So, if you look at BTC itself, it is just moving sideways. However, it is felt that the movement of altcoins will cause great volatility in the coin market. I think that your psychological state becomes unstable in this situation because the average purchase price of the coins (tokens) you own is high or the investment proportion of the altcoins you own is high. If this state of anxiety continues to occur frequently, there is a high possibility of trading in the wrong direction, so I think it is a good idea to block this psychological state before it occurs. As this period of volatility passes, it shows a break away from the newly created rising trend line (2) and a break from the rising channel that was formed. Accordingly, we need to check whether it can rise above the rising trend line (2) again based on around December 1st. If not, you need to check if there is any movement out of the 34786.17-37779.56 range around December 9th, the next volatility period. Since the highs of the StochRSI indicator are in a downward trend, we can see that the strength of the uptrend has weakened. Accordingly, if it does not rise above 37253.81 quickly, it is likely to fall below 36163.51-36568.1, so a countermeasure is needed. Compared to the volatility of BTC, the volatility of altcoins has increased. (BTC.D 1D chart) While BTC dominance is sideways around 52, altcoins have fallen by about -20%. (USDT.D 1D chart) USDT dominance is also trending sideways. It appears that the funds withdrawn from altcoins are being used in the BTC market or ETH market. Therefore, I think it is being used to buy BTC or ETH. I believe that this phenomenon is being driven by the futures market, which causes the coin market to fall and causes coins to be purchased in the spot market. This is likely to continue until you reach your goal of buying BTC or ETH. Accordingly, the coin market is facing a good opportunity. (1W chart) Good opportunities in the coin market are expected to appear on the 1W chart. In other words, as the HA-High indicator falls, it is expected to increase liquidity by increasing volatility in the coin market. At this time, we just need to check whether we receive support or resistance near the newly created HA-High indicator and respond accordingly. If the HA-High indicator receives resistance and falls, it is highly likely that it will eventually touch the HA-Low indicator, so there is a possibility that a new HA-Low indicator will be created. If the HA-Low indicator shows support around it when it is newly created, it is time to buy. This buying time is 1st: 32917.17-34110.32 2nd: 29241.72-30767.38 This applies to the 1st and 2nd parts above. This movement has the potential to be used to create a pull back pattern. Since you will only find out when the pattern is complete, there is a high possibility that you have already missed a good opportunity when you realize that you have created a pull back pattern. Therefore, it is likely that the time to buy will be when the coin market is full of fear. If this is not possible and you encounter resistance from the HA-Low indicator, there is a high possibility of a downward trend, so you can respond accordingly. The way to respond is to reduce the investment proportion of coins (tokens) you own to prepare for a major decline in the future. Therefore, when it falls near the first and second sections above, there is a possibility that a new HA-High indicator may be created. Therefore, the fact that the HA-High indicator on the 1W chart is falling will create an interesting experience in the future. To fully enjoy this experience, you need a trading strategy. It is not right to try to trade in the coin market the same way you traded in the stock market. Therefore, the selling strategy used in the stock market is not suitable for the coin market. The stock market trading method is to obtain greater profits by using a large amount of investment to secure a large number of stocks. If this method is applied to the coin market, there is a high possibility that the period of holding the coin while recording a loss will be longer than the period of profit. Therefore, a trading strategy suited to the coin market, that is, a selling strategy, is needed. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
$BTCUSD Long to 40KThe current analysis of BTCUSD suggests a discernible momentum shift, indicating potential trading opportunities. Our proprietary indicator, Cristallu ( w.aritas.io ), reinforces this observation, recommending entry points at 37,700-37,800. This strategic entry is accompanied by a Take Profit (TP) target at 40,500 and a Stop Loss (SL) set at 0.23% of 37,800. It's essential to monitor the market closely for updates and adjust positions accordingly. The context of the Bitcoin market is further enriched by insightful analysis on TradingView: .As discussed in your analysis, the imminent introduction of Bitcoin Exchange-Traded Funds (ETFs) is a pivotal factor to consider. ETFs have the potential to significantly influence market sentiment, introducing both opportunities and risks. The anticipation of Bitcoin ETFs underscores the importance of a nuanced approach to trading. While the market may experience heightened volatility and increased trading volumes, strategic entries and exits can be leveraged for optimal results. Your analysis on TradingView provides valuable context, emphasizing the need for caution and vigilance. As we navigate the dynamic cryptocurrency landscape, it's crucial to stay attuned to market developments, incorporating both technical indicators like Cristallu and broader market trends such as the potential impact of ETFs. This comprehensive approach ensures a well-informed and adaptive trading strategy, aligning with the ever-evolving nature of the cryptocurrency market.
COINBASE:BTCUSDLong
by wikitrades
Stop Multi-Tasking and Start Mono-Tasking! – 8 Trading ReasonsYou’re risking your own money when trading. You realise that? And in this fast-paced world, it takes a split second to break a fortune. It takes a split second to miss an opportunity. It takes a split second to lose focus. And it’s all down to one trait that is actually detrimental to your trading. Multi-tasking. Here’s why. Reason #1: Missed Opportunities When you try to juggle too many charts, markets and tasks at the same time – it’s risky. And if you distract yourself at the same time with social media, your cute cat, the news and hype… It makes it a whole lot worse. You might miss the best and highest probability trades – that you need to grow your account. If you want to really dig into finding the best opportunities you need laser focus and tunnel vision. So stop multi-tasking and instead stick to mono tasking. Reason #2: Delays in Priorities If you multi-task, it can lead to a delay in focusing on high-priority tasks. Any delay, can result in: Catching the trade too late Skipping the trade completely Forgetting what you need to execute Taking an unnecessary loss You need to stop diverting your attention away from urgent market developments. Instead, make it a priority to focus on finishing that one task. And make sure you do it with your undivided attention. Reason #3: Elevated Stress Levels As traders, we’re not only working on our method and money management – but also our mindset. Financial trading and risking money is already stressful alone. So, multi-tasking can only exacerbate this stress. And when you get stress you don’t need me to remind you what happens: You see red Your judgement becomes cloudy You make impulsive decisions You make wrong decisions Your emotions override your logicality and rationality. You can get stress all because you’re doing too many things at once. Keep to one thing and compartmentalise the others. This will do wonders for your stress levels. Reason #4: Drop in Productivity You’d think if you do more, it’ll enhance productivity. Because you’ll get stuff done right? Um no. With complex instruments analyses and risk management principles, trading needs deep analysis, strategic planning, and quick execution. With multi-tasking, you’ll most likely shift between tasks rapidly. This will not only disrupt the flow of concentration you need for one task at a time. It could also reduce the efficiency and suboptimal outcomes for every task you take on. Reason #5: More Mistakes To err is human. And if you multi-task and take on too many things, this will increase the likelihood of errors in trading. You might enter the wrong amount. Get in at the wrong prices. Get your volume wrong. But more likely, you’ll misinterpret good market signals. Each mistake has the potential to reduce your profits and damage your reputation. Reason #6: Reduced Learning Opportunities Successful trading is an ongoing learning process. When you multi-task, it hinders you from fully engaging with market trends, historical data, and educational resources. When you’re learning one thing – stick to one thing. Or it’s going to go in the one ear – out the other. Be passionate and fully immerse yourself in the one thing you’re learning at a time. You’ll find you’ll get a better and deeper understanding which is critical for your learning journey. Reason #7: Loss of Concentration Multitasking fragments attention. This makes it super difficult to maintain the level of concentration you need when trading. When you jump from one thing to another. This rapid task-switching, diminishes the brain’s capacity to keep focus. And this could lower your analytical attention. Reason #8: Overwhelm and Burnout We’ve spoken about how multi-tasking increases stress and cortisol levels. But if you fail to work on it, you’re going to eventually go kaput. This is a forever game. The last thing you want to do is burnout in the journey. The last thing you want to do is develop a mental fatigue. The last thing you want to do is fail because you quit. Final words. Stop multi-tasking and start mono-tasking. Your singular focus will show you amazing, productive, optimal and efficient results. Not just with trading, but every task you set your heart and mind to. Let’s sum up the 8 reasons why Multi-Tasking is an absolute NO when trading. Reason #1: Missed Opportunities Reason #2: Delays in Priorities Reason #3: Elevated Stress Levels Reason #4: Drop in Productivity Reason #5: More Mistakes Reason #6: Reduced Learning Opportunities Reason #7: Loss of Concentration Reason #8: Overwhelm and Burnout
JSE:J200Education
by Timonrosso
A trading strategy is needed to stabilize the psychological stat== A trading strategy is needed to stabilize the psychological state. == Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT chart) A very long upper tail was created on November 8th. Then, the gap continues to rise. I believe that this continuous gap increase means that funds are continuously flowing into the coin market. Accordingly, I believe that if the current inflow of funds is concentrated towards BTC and the price is defended, this will eventually lead to an upward trend in BTC. (USDC chart) The key is whether the gap can rise above 24.98B. I believe that USDC has less influence on the coin market than USDT. The reason is that the USDC market is not active. Therefore, if funds flowed into the coin market through USDC, I think there is a high possibility that they will be exchanged for USDT. Otherwise, I think BTC will most likely be used for trading. ------------------------------------------- (BTC.D chart) In any case, funds are flowing into the coin market through USDT or USDC. In these situations, we need to check BTC dominance to see where our real money is being spent. For the coin market to show a full-fledged upward trend, it is expected that BTC dominance rises above 61 and then begins to decline. Therefore, rising BTC dominance means that funds are being concentrated towards BTC. It is unknown whether funds concentrated in this way toward BTC will cause the price of BTC to rise or fall. Therefore, when BTC dominance rises, altcoins are likely to gradually sideways or decline. (USDT.D chart) A falling USDT dominance means that funds are being used in the coin market. Accordingly, the coin market is likely to show an upward trend. Currently, funds are continuously flowing in, but BTC dominance and USDT dominance are showing sideways movements. If sideways moves like this, individual investors are more likely to feel unbearable anxiety, so they will naturally sell their coins (tokens) in installments. To encourage this further, circular pumping of altcoins occurs. Accordingly, BTC will move very slowly, and altcoins are likely to become more active. However, if you look at the movements of BTC dominance and USDT dominance, you can see that the fluctuation range is not large. You can see that trading is not that active. Individual investors are accustomed to waiting. However, because they are psychologically unstable, they just give up waiting, but they are used to waiting. However, investment companies, institutions, and whales are not accustomed to waiting. However, I think they just seem accustomed to waiting because it has the power to shake the psychology of individual investors. For a bull market to start this year, I believe BTC dominance must fall below 50 and USDT dominance must fall below 5.89 and remain there. Therefore, I think that the way to relieve one's psychological anxiety is to increase the number of coins (tokens) corresponding to profits while controlling the proportion of coins (tokens) held until then. This is because individual investors are highly likely to make wrong choices if their psychological state becomes unstable, no matter how profitable they are. This is because I believe that if you can stabilize your psychological state even if you earn less profit, you will eventually be able to close the transaction successfully. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
CRYPTOCAP:USDT.D
by readCrypto
1
$USDJPY Short (Short-Term)Technical Analysis Report: USDJPY Trading Opportunity Overview: At the current juncture, USDJPY is positioned at 149.450, showcasing discernible indications of a bearish reversal. Notably, a bearish RSI divergence signals a misalignment between price action and relative strength, suggesting potential vulnerability in the prevailing uptrend. Technical Indicators: Further substantiating the bearish sentiment, the MACD remains entrenched in negative territory, underscoring the prevailing bearish momentum. Additionally, insights derived from our proprietary probabilities indicator on w.aritas.io illuminate a notable surge in selling pressure. Trade Setup: The proposed strategy entails a prudent SHORT position initiation, contingent upon the confirmation of a breakdown at 150.690. This entry point is strategically chosen to align with the identified technical weaknesses in the current market structure. Risk Management: To mitigate potential downsides, a meticulous risk management strategy has been devised. The Take Profit (TP) objective is judiciously set at 145.450, offering a favorable risk-reward profile. Simultaneously, a well-calibrated stop-loss order is positioned 0.83% above the Yearly resistance, providing a defined exit strategy. Market Context: Contextualizing the trade within the broader economic landscape, the prevailing conditions suggest an advantageous environment for a resurgent greenback. This perspective is fortified by the observation of a gradual uptrend in the EURUSD, further reinforcing the anticipation of a prolonged USDJPY upswing. Future Outlook: In alignment with our comprehensive analysis, we posit that the current correction is a precursor to an imminent bullish resurgence in USDJPY. Our projections point towards a potential retest of yearly resistance levels in the first quarter of 2024. Conclusion: This meticulously curated analysis seeks to present a comprehensive view of the current USDJPY scenario, substantiating a compelling SHORT position opportunity. However, it is incumbent upon traders to exercise prudence, maintain vigilance, and adapt to evolving market dynamics. As always, thorough risk assessment and adherence to a disciplined trading strategy are paramount. Disclaimer: Trading involves inherent risks, and past performance is not indicative of future results. It is advised to consult with financial experts and undertake independent analysis before making trading decisions.
Short
by wikitrades
2
How to Stop Trading Pocrastination – 8 WaysIf you find it hard to press the trigger, you may be suffering with… Trading procrastination. This is definitely a major hurdle with trading well. The good news is that, this is a temporary problem that you can fix today. With the right strategies and mindset, you can overcome this challenge. I have a few ways you can stop procrastinating. #1: Choose Your Trading Days One of the first steps is to get your schedule right. If you’re trading stocks, indices, forex, commodities or crypto – choose the days you want to trade each one. First you’ll need to analyse the markets and your watchlist. Write down the trades that are most likely going to line up. And then, you’ll be able to condition your mind to prepare for trading on designated days. This will take away the analyses paralyses and overwhelming effect of looking at too many markets at once. #2: Set Smaller Tasks When you have gone through your watchlists on your charting platform. Plot all the potential entries and exits and write down notes on what you will be trading. This will help you remind you what you’ll need to take action with. #3: Track Results on a Specific Day You don’t have to review and track your performance everyday. Trading is a medium to long term approach. So, maybe choose a Friday or Saturday to go through your track record and see how you performed or are performing. It will also tell you which trades are working in your favour or whether you’re in a drawdown or not. A regular check-up with your performance, can serve as a powerful deterrent to procrastination. #4: Remove Distractions You need to create a calm and serene environment when you trade. Clear your desk, close your tabs, switch off your TV. Create laser focus and it’ll help you be more inclined to act on what needs to be done. If you lower the interruptions, your productivity and alertness will also pick up. #5: Self-Talk Trading is a mindset game. Sometimes, you need to have a few conversations with yourself. And there needs to be positive reinforcement and self-talk to overcome procrastination. Say things like: ~ This is a high probability trade lined up according to my strategy – I need to just take the trade. ~ I only have 2% of my portfolio to lose – so I am prepared. ~ The trading portfolio is not going to grow by itself – I need to act. Train your mind to recognize negative thoughts and replace them with affirmations that boost your confidence and belief in your trading abilities. Build a strong self-belief system with strong action points and it will help you tackle challenging trading situations head-on. #6: Reward Yourself If a trade lined up and you get in – reward yourself. If you took your take profit according to your strategy – reward yourself. If you stuck with your guns and took the loss according to your system – reward yourself. If you need to adjust a trade according to your rules – reward yourself. Go for a walk, grab a drink, make a meal, smoke a cigar or whatever you enjoy. You need to celebrate the small things to help with your trading accomplishments. Set up a reward system to recognize your efforts and achievements. This will motivate you to stay on track and keep going. #7: Visualize Success If you have your trading plan and strategy in place, you have the game-plan. Close your eyes and envision when the days are good and when your portfolio heads up to all time highs. Visualizing successful trading outcomes can be a powerful motivator. Embrace the feeling of achievement and success, as this mental rehearsal which can positively impact your actual trading performance. #8: Learn from Mistakes When you learn something new from trading. Jot it down with strong lessons to apply in the future. Also, analyse your past mistakes and use them as stepping stones toward improvement. Adopt a growth mindset to help empower you to make proactive decisions and drive your trading progress forward. FINAL WORDS: You can conquer procrastination, one step at a time. Take action. Stay consistent. Attain and measure attainable goals. Never give up. Let’s sum up the actions you can take to stop procrastinating. #1: Choose Your Trading Days #2: Set Smaller Tasks #3: Track Results on a Specific Day #4: Remove Distractions #5: Self-Talk #6: Reward Yourself #7: Visualize Success #8: Learn from Mistakes If this resonated with you let me know :)
JSE:J200Education
by Timonrosso
Things to keep in mind when trading altcoins in the bull marketHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- If an altcoin bull market, or bull market, begins, it is very likely that you will eventually make a profit no matter how you buy. However, if you ride an altcoin that is rising right now, it may take time until it is converted into profit. Accordingly, when a bull market begins, buying in installments when the candles on the 1D chart are down candles rather than through breakout trading will allow you to make profits more quickly, and you will also be able to wait for large profits more comfortably. The above is a basic buying method that does not require chart analysis, so it would be good to obtain stable profits through additional trading strategies. Although it is the best way to earn large profits by investing all your investment in one coin (token), it is not recommended because the risk is high. However, if you purchase too many altcoins at once, you may not be able to respond when rapid volatility occurs, so it is recommended to trade within the range you can respond to. Also, if you buy once and then sell 100% as the price rises, you may end up incurring a large loss by buying at the high point, so in a bull market, it is better to leave coins (tokens) equivalent to a certain amount of profit rather than selling 100%. This is because the average purchase price of altcoins with only the remaining coins (tokens) corresponding to profits is 0, so there is no significant burden when purchasing additional coins. Therefore, if you sold 100%, you must skip one wave. You should be careful not to switch to another altcoin just because the altcoin you purchased is not rising, as you may miss another opportunity in the bull market. (ETHUSDT chart) (1M charts) When BTC began its full-fledged upward trend, we marked the section where we thought ETH would rise. (1D chart) ETH, like BTC, is a coin that can show independent flows. Accordingly, it is distinguished from general altcoins. ETH's rapid volatility could temporarily dominate the coin market, which is likely to lead to an additional uptrend in altcoins. However, since such movements are shorter than expected, caution is required as the trend of the coin market may change depending on BTC price movements. It has been falling since rising above 2104.60 on November 9th. This decline shows that it has fallen to the area corresponding to the previous high point. Accordingly, you should observe whether there is a possibility of sideways or upward movement around the current price. Checking whether you receive support or resistance at support and resistance points is very tedious and difficult, but it is a must-do task as it is important in creating or modifying your trading strategy in the future. If it falls from the current range, it is expected to fall near the bottom of the box range of 1923.03-2104.60. However, if it does not fall below 1879.61, it is expected to create a pull back pattern, so we need to think about ways to respond. Since it appears to be trying to create a pull back pattern before BTC, it is expected that after BTC moves, ETH will take the lead and move the coin market for a while. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
Why you Are a Mass Procrastinator – 7 ReasonsAre you stuck in a trading rut? Have you thought to yourself. You have all the knowledge, tools, skills, strategies etc… And yet you don’t believe you’re getting the trading results you expected? I think it’s because of the ‘Procrastination Gremlin”. It’s a common issue. For three years during my trading career I was a mass procrastinator. I never took trades when they lined up. I never deposited more money to grow my account. I never tracked and reviewed my trades on a weekly basis. It became a disease as well as a comfort zone. But what you might realise is when you LEAVE that comfort zone of procrastination, you might find it was never comfortable to begin with. It slowed down your growth and progress as a trader. So if you can relate to some of the things I’ve mentioned already, this article is for you. Let’s explore if you’re a mass procrastinator. You Doubt Trades One of the most common forms of procrastination is when you doubt taking trades. You hesitate and find every excuse to not trade for the day. The problem is this. Doubt slows down your decision-making process, and causes missed opportunities. If you have a winning and proven system and you have money you can afford to trade with great money management principles. Just Take The Trade! Skip Trades Ahhh, I’ll skip this trade and take the next. Skipping trades is another form of procrastination. What are you waiting for? The “perfect” trading setup, the right “timing”, the right gut (gat) feel? Stop skipping. Remember, in trading, there’s no perfect moment. You are bound to take trades with losses. So if you’ve incorporated them into your trading, why are you skipping the trades? Worst case scenario, you take a small loss. Best case scenario, you ban a whopper of a winner. Listen… Consistency and resilience are what brings success. Stop skipping trades when they line up. J.T.T.T Skip Days I get this. Monday is a storm of a day after the weekend. Friday is a calm day to prepare for the weekend. That’s what I’ve gathered over the years. But it doesn’t mean I skip trades. If they line up (Monday or Friday or any other day, just take it). Successful trading requires regular market analysis and being persistent with your trading. Stick to a routine, check the markets and try not to skip days. Forget Tracking If you also forget to track your trades, this is another sign of procrastination. Tracking helps you analyse your performance, learn from your mistakes, and make informed decisions. Every time you take a trade, plot it in your journal. At the end of the week, go through the journal to see how your trades are looking. Go through the open trades, to see how they’re performing. Also maybe see if you need to make any adjustments. Don’t neglect this crucial task. Forget Setups You might have written your trading setups for the week. And then you don’t take them. You’re procrastinating your success. Be more accountable and responsible with the trades that are lining up. Write it on sticky notes. Put them on your fridge. Set alerts on your trading and charting platform. Set reminders on your phone! Do whatever you need to to NOT forget the setups that are nearly ripe for the picking. Neglect Self-Education and adaptation As I’ve said often. Trading is an adapting and ever-evolving game. You need to: ~ Keep learning and revising ~ Be up to date with new markets ~ Adapt your strategies ~ Add or remove from your watchlists ~ Update yourself as a trader Procrastinating on Diversification If you’re only trading one type of asset, you might be in trouble. You’re delaying portfolio diversification. There are so many new stocks to apply. There are new algorithms with indices, commodities, Forex and Crypto. If they work with your system, diversify and hedge. Don’t be a dinosaur and stick to what was instead of what there is! Start researching other asset classes today. Final words: You’re your own worst enemy with trading. Not any trader, analyst, company… You. You need to stop procrastinating and start doing. Only then you’ll see improvement, development and even mindset growth. Let’s sum up potential reasons why you might be a mass procrastinator. You Doubt Trades Skip Trades Skip Days Forget Tracking Forget Setups Neglect Self-Education and adaptation Procrastinating on Diversification
TVC:SA40Education
by Timonrosso
Chart analysis and trading strategy are differentHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can receive support around 36426.87 and rise to the first resistance zone. This period of volatility will be around November 16 (November 15-17). If it fails to rise above 36426.87, it is important to see whether support can be found around 32917.17-34110.32. In order for this upward trend to be maintained, the price must be maintained above 29850.45. If you have analyzed the chart with the above information, the important question is how to start trading, that is, how to create a trading strategy. First, I decided that I could start buying when I saw support at a certain point or section through chart analysis, but I realized that I had to make several more decisions to actually buy. 1. Should I buy it in installments? If I buy it in installments, how many installments will I buy it in? 2. How much investment should be made when purchasing? 3. How to set the investment period between day trading and long-term trading. 4. When starting a transaction, how will you decide on a trading method, such as a stop-loss point or target point, and how will you realize profits? As in the example above, in order to make a transaction, you need to think about and decide on many things. However, when the chart analysis is completed and the time to buy comes, buy with a rough investment amount, roughly think about the stop-loss point and target point, and start trading. And then, if the chart moves as expected, it's good, but if it doesn't, then you have to worry about the above. Then, I think that because your thoughts are influenced by price fluctuations, you end up trading in the wrong direction, increasing the chances of your trading failing. Therefore, you must have some basic understanding of trading strategy to be able to trade quickly. The concept of a basic trading strategy can be customized to suit you using the example below. 1. The purchase principal, purchase method, selling method, stop-loss point determination method, and profit realization method must be standardized for each investment period. Therefore, the basic concept of investment period from day trading to long-term trading must be determined in advance. However, since each coin (token) responds differently, it is not easy to divide them accurately. Therefore, you must first consider the size of the purchase principal and stop loss point for each investment period. 2. Trading must ultimately proceed with a contrarian approach. Therefore, you should not proceed with trading by thinking the way you normally think. Therefore, when the price rises, you must choose a point to sell, and when the price falls, you must choose a point to buy. However, if you are new to trading, you want to buy when the price is rising and sell when the price is falling. Since trading requires such a change in thinking, it is not easy to get used to it. Therefore, it is necessary to take time to become familiar with trading by making many transactions with small investments until this change in thinking occurs naturally. 3. Trading is a psychological battle. Therefore, if you start trading psychologically, you will feel psychologically anxious and burdened, and there is a high possibility that you will proceed with trading in the wrong direction. Therefore, when you are about to start trading, you need to determine what your psychological state is like. If you are judged to be psychologically excited, that is, anxious, you should not start trading. Even if you start trading once or twice and make a profit, if you continue to trade while you are in a psychologically anxious or excited state, you will end up incurring large losses. 4. Additionally, trading is a game of probability. Therefore, you must select a trend by combining various information obtained through chart analysis. Therefore, the information obtained from chart analysis must contain a lot of objective information. The analysis techniques that you study, such as wave theory or other patterns, ultimately have no choice but to be applied to your own psychology. Therefore, rather than such information, you should start trading by selecting a higher direction or trend by combining the basic information obtained by using the chart indicators, that is, objective information. There are a ton of chart analysis techniques out there. However, I think that analysis techniques that have a selection point that you must choose are essentially useless if you are not prepared for the three psychological warfare mentioned above because it is highly likely that your psychology will be applied in the end. Looking at the ideas currently published on TradingView, there seem to be a lot of wave theory and harmonic pattern analysis techniques. These analysis techniques are excellent analysis techniques and have been proven by many users. However, if you do not have a trading strategy like the one I mentioned earlier, you have no choice but to analyze charts and conduct other transactions. Therefore, before studying various chart analysis techniques, you must first study the concepts of candles, moving averages, support and resistance. Then you need to practice creating a trading strategy. Once you are able to create a trading strategy to some extent, I think it would be a good idea to study various high-level chart analysis techniques. In fact, if you can create a trading strategy, there is no need for advanced chart analysis techniques. As I have said repeatedly, the more time you invest in chart analysis, thinking that chart analysis is the same as a trading strategy, the more you will inevitably feel the limitations of your trading skills. This is because there are many cases where you cannot proceed with trading as you analyzed, so you have no choice but to be negative about trading. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
Education
by readCrypto
2
How AI will revolutionise the trading world – 14 WaysThe era of AI has unleashed in almost every aspect of our lives. And I believe that there will soon be a seismic shift in financial trading with AI. I feel it’s my duty to share some of the ways, we will incorporate, adapt and integrate AI into trading. To explain in simple terms… AI is a concept to teach machines, robots and computers how to perform human actions. And trading is just another element that AI will apply to. Let’s start… #1: AI Trading Bots We’ve had EA (Expert Advisors), chat bots and machine learning when it comes to trading. As AI adapts more into the financial world, they will be able to signal, alert and even optimise our trading strategies, risk management and financial profile. #2: AI will alert more markets into our watch lists Not all markets work with our trading strategies. Right now we have to manually search for different markets to back, forward and real test. Once AI adapts to our trading strategy, it will be able to pinpoint the most efficient and effective markets to include into our trading arsenal. #3: Real-time risk management AI’s rapid data processing will be able to identify our risk profile. In the near future, it will be able to identify not only trading setups, but also the volume we’ll need to buy or sell to enter or exit a trade. It will alert us when trades are ready to go and will ask us whether we want to go ahead and action the high probability trades (according to our risk management. #4: Algorithmic automatic trading Once we lay out the parameters of what we want our AI trading bots to do, they will be your employee. They’ll be able to take action while you’re away such as: Layout the chart setups Plug in the trading levels (entry, stop loss and take profits) Execute trades on our behalf They will work for us, which will limit our time staring at screens. #5: Sentiment Analysis: Read the market’s mood This tool will help us identify who’s dominant in the markets. Are the bulls or bears stronger. It will then give us a gauge meter to tell us whether demand or supply is higher. And this will help us make calculated decisions, based on our own trading analyses. #6. Freeing humans from the grind When AI takes over our trading, it will do all of the mundane tasks for us. It’ll focus on: What markets work best with the system Which markets to remove from the watch list and whether we are in favourable or unfavourable terrorist according to our system This will free traders from spending hours behind a screen on the daily. #7: Automation: Back and forward testing When AI learns a system with the right parameters and criteria, it will be able to backtest for us. It’ll be able to go through hundreds of trades in the past and will provide a full review of the stats and measures. It’ll tell us the: trades of winners and losers Win and loss rate Average winner and loser per trades Costs, risks and losses Accumulation of profit and losses and more… #8. Pre-emptive fraud detectors AI doesn’t just detect fraud—it sniffs out all the unregulated and fraudulent type companies, brokers, market makers. It also analyses the markets micro and macro analyses to see which companies are doing well, cooking the books and / or are red flags to buy or sell. Its predictive capabilities will be able to save millions of traders from falling into financial trading traps and scams. #9: Customizable AI trading assistants Also, I bet we will see companies create their own trading assistants. Similar to Siri, Alexa and Google. You will have your own finance-savvy cousin ready to act on your trading needs. Whether you want to trade, find setups, talk about tested systems, create new strategies, learn real time info about markets and instruments. You’ll have your own AI trading assistant just call away. #10: The rise of quantitative trading Quant trading will soar to new heights. AI will be able to crunch numbers and optimise strategies with high speed and precision. This will make sense of complex financial models at lightning speed. #11: Real-Time chart pattern identification Eventually, AI will adapt machine and deep learning into charts. We will finally see the day where market patterns, trends are identified on any time frame. As they learn the bends, turns, vectors and consistency with the charts through predictive analysis from historical market data… AI will adapt and learn to plot more accurate, recurring chart patterns and use them to predict future price movements on any market. And AI will be able to scan hundreds of charts simultaneously and highlight significant patterns as they emerge. This will present high, medium and low probability setups for our trading. #12: Past chart patterns predictive analyses Not only will it identify real-time chart patterns. It will also spot historical price patterns and insights that took place in the past. This will help us to back test the systems and how they worked on particular markets. AI will be able to identify the chart patterns that have proven to be most successful for that particular trader. #13: Personalized and customised trading strategies What if you have a new chart pattern you’d like to adapt into your analysis? Well I’m sure AI will have the ability to learn, recognise and incorporate your chart patterns into the system. This way you can personalise what chart patterns, candlestick patterns or strategies you would like customised to your style. This means that each trader can have a unique set of chart patterns to look for, tailored to their trading style and risk tolerance. This personalized approach can potentially enhance your trading performance and your profitability. #14: Integration with other data sources This will most likely be open-ended. It’ll work via the network where AI will improve chart pattern recognition in financial trading by integrating with other data sources. Imagine AI learns from millions of traders, millions of strategies, systems and new inputs. I can only imagine that traditional manual chart pattern systems will be a thing of the past. With the new set of systems, formation, price and volume data – we will see integration of brand new forms of analyses and strategies. And this will bring a new era of financial trading. Final Words and summary! It’s all exciting and frightening at the same time. Because with AI integration, we will see yet another shift in the algorithms and it’ll bring a new future for trading. Only those who learn to adapt and evolve – will make it… Let’s sum up all the AI elements that will we mentioned here. #1: AI Trading Bots #2: AI will alert more markets into our watch lists #3: Real-time risk management #4: Algorithmic automatic trading #5: Sentiment Analysis: Read the market’s mood #6. Freeing humans from the grind #7: Automation: Back and forward testing #8. Pre-emptive fraud detectors #9: Customizable AI trading assistants #10: The rise of quantitative trading #11: Real-Time chart pattern identification #12: Past chart patterns predictive analyses #13: Personalized and customised trading strategies #14: Integration with other data sources
TVC:SA40Education
by Timonrosso
Learn 2 Essential Elements of Trading In the today's post, we will discuss how trading is structured , and I will share with you its 2 key milestones. Trading with its nuances and complexities can be explained as the interconnections of two processes: trading rules creation and trading rules following. 1️⃣ With the trading rules, you define what you will trade and how exactly, classifying your entry and exist conditions, risk and trade management rules. Such a set of consistent trading rules compose a trading strategy. For example, you can have a following trading plan: you trade only gold, you analyze the market with technical analysis, you buy from a key support and sell from a key resistance on a daily, your entry confirmation is a formation of a reversal candlestick pattern. You set stop loss above the high/low of the pattern, and your target is the closest support/resistance level. Here is how the trading setup would look like. In the charts above, all the conditions for the trade are met, and the market nicely reached the take profit. 2️⃣ Trading strategy development is a very simple process. You can find hundreds of different ones on the internet and start using one immediately. The main obstacle comes, however, with Following Trading Rules. Following the rules is our second key milestone. It defines your ability to stay disciplined and to stick to your trading plan. It implies the control of emotions, patience and avoidance of rationalization. Once you open a trade, following your rules, challenges are just beginning. Imagine how happy you would feel yourself, seeing how nicely gold is moving to your target after position opening. And how your mood would change, once the price quickly returns to your entry. Watching how your profits evaporate and how the initially winning position turns into a losing one, emotions will constantly intervene. In such situations, many traders break their rules, they start adjusting tp or stop loss or just close the trading, not being able to keep holding. The ability to follow your system is a very hard skill to acquire. It requires many years of practicing. So if you believe that a good trading strategy is what you need to make money, please, realize the fact that even the best trading strategy in the world will lose without consistency and discipline. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
10
12 Most Common Trading Myths - BUSTEDAs long as people lose money with trading (and that is like 98%) of the lot. They will preach the bad word. And this will lead to rumour which will create false beliefs - I.E Myths... Well I've been trading for two decades and I'm going to put these myths to bed. Let's go! Myth 1: It’s a Get-Rich-Quick Scheme Trading has long been shrouded in the myth of transforming anyone into an overnight millionaire. But it’s an illusion. It’s what drives newbies and amateurs into the trading world. And then a few months later, when they realise what it actually takes to grow an account. They move to the next “best” thing. Trading is a forever life-style that requires ongoing discipline and patience through strategic planning, knowledge and presteen execution. And not to mention, it also involves periods of losses. There are no shortcuts to wealth in trading, it’s a journey, not a sprint! Myth 2: It’s Just High-Stakes Gambling Trading is a form of gambling. But strategic gambling. It’s not like pulling the slots machine and having a chance of being right or wrong. Or flipping a coin. No, trading has an element of risk and reward control. And it is based on nothing more than probabilities and comprehensive understanding of market trends, money management and analytical skills. Unlike gambling, which is based largely on luck. You have an element of control with the outcome. That’s through trading journals, back and forward testing and making stringent decisions. Myth 3: More Risk, More Reward Yes! If you risk more you’ll gain more. But when you risk more, you can also LOSE way more. With trading derivatives and leverage, you’re exposed to more than what you put in. Sometimes 10 times, sometimes 50 and other times 500. So, this alone should tell you how dangerous trading is. When your portfolio goes to 0 – due to high risk – That’s it. And many traders full port their accounts. And majority become the 98% losing stat of trading. Stick to low risk, low return. Keep consistent and the return will start adding up and you’ll reap the rewards in time. Myth 4: Only the Rich Can Trade The myth that trading is a club exclusive to the wealthy is just that, a myth. Decades a go, you would have needed thousands to start trading and investing. But no longer is that the case. Some brokerages don’t even have a minimum with trading. You can start off with a demo or practice account. As long as the competition and innovation picks up, trading will be cheaper, faster and more accessible. Myth 5: Trading is Only About Buy low – sell high Although this seems like a logical strategy. It’s not the only way to profit. Trading techniques like short selling allow traders to profit from falling markets. Not only can you buy low and sell high. You can also sell high and buy low. Myth 6: More Trades Equal More Profit Trading isn’t a game of ping pong. You don’t just play as many times as you can in a day, to profit. First, Overtrading can lead to rushed decisions, increased transaction costs, and significant stress. Patience often plays a crucial role in a trader’s success. And second, it all depends on the market environments. If the market is not trending, you can go long or short and still lose every bet. Rember you still have to let the market move up or down a bit to make up for the trading costs! And so you’re already at a disadvantage when you take a trade. Sometimes the best move is to sit on your hands. Neutral is also a position and a powerful position during certain periods. Myth 7: Successful Trading Means Winning Every Trade Even the most successful traders get knocked down by losses. It’s the nature of the trading game. What matters is the net outcome over a period of time. Your job is to make sure the losses are small and the gains are bigger. That way, even with a 50% win rate you’ll win and the profits will outweigh the losses in the long run. Myth 8: Complicated Strategies Yield Better Results You’ve heard of analysis paralysis right? When you literally plant so many indicators on your chart it looks like a Jackson Pollocks Christmas Tree painting. Complication does not equate to success. You’ll learn that: Too many indicators will conflict with each other. You’ll struggle to back test a system. You’ll struggle to find high probability trades. You’re making it more complex than it needs to be. And most important… You need to learn to KISS (Keep It Simple Stupid). Often, the best trading strategies are the simplest. What’s essential is understanding your strategy thoroughly and executing it consistently. Myth 9: You Need to Monitor the Market 24/7 Thanks to stop-loss orders and other automated tools, you do not need to be glued to your screens all day. The most important attention you’ll need to apply is trading layout, setup and execution. Once you’re done and the trading levels are in place. Go live, do something else. Don’t be a nerd. Enjoy life. Trading requires attention, indeed, but a healthy balance is crucial to maintain clear-headed decisions. Myth 10: Markets Are Always Rational Markets, unfortunately, aren’t always rational. Just like you learn in school. There is ideal and real ways of the world. Sometimes, the market is one clusterfreak of confusion. Correlations don’t work according to the book. Trends don’t match up the micro and macro analyses of companies. Good news doesn’t mean strong uptrends. Markets are run by many, many, many other factors. They can be swayed by demand, supply, algorithms, Smart Money, greed, panic, emotion, rumor, and corruption and manipulation. This will lead to price distortions. There is a famous quote attributed to Great Depression-era economist John Maynard Keynes – “Markets can remain irrational longer than you can remain solvent”. Myth 11: Brokers Want You to Lose Money Yes there are a ton of brokers who make money when you lose. But reputable, credible and top regulated brokers – do NOT want you to lose. They make their money from brokerages, spread and from trading volumes. They want you to succeed and grow. Because if you blow your account, they lose a client. Hence, when brokers approach me I always tell them the importance of education, guidance and helping them SUCCEED. Myth 12: Once a Successful Trader, Always a Successful Trader Market conditions, strategies, and personal circumstances change. If you want to be a successful trader and remain one it requires constant learning, adaptation, and diligent risk management. This includes me! Despite how long I’ve been in the markets, I treat each day independently. I follow my system, risk management rules. I look for future opportunities and prospects to improve my trading, platform, journals and even testing. This is forever an alive game that requires action. We are always learning, growing, improving and adapting. Like they say, past success doesn’t guarantee future profits. Let’s sum up the 12 common Trading Myths: Myth 1: It’s a Get-Rich-Quick Scheme Myth 2: It’s Just High-Stakes Gambling Myth 3: More Risk, More Reward Myth 4: Only the Rich Can Trade Myth 5: Trading is Only About Buy low – sell high Myth 6: More Trades Equal More Profit Myth 7: Successful Trading Means Winning Every Trade Myth 8: Complicated Strategies Yield Better Results Myth 9: You Need to Monitor the Market 24/7 Myth 10: Markets Are Always Rational Myth 11: Brokers Want You to Lose Money Myth 12: Once a Successful Trader, Always a Successful Trader Can you think of anymore?
TVC:SA40Education
by Timonrosso
important to check whether there is support or resistanceHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- From the moment we start trading, a mental war of attrition begins. Even if you create a trading strategy in many cases before starting trading, the mental battle of attrition due to price fluctuations begins after you start buying. In order to win this mental war of attrition, a plan to lower the average purchase price is inevitably needed. Therefore, concluding a purchase in one transaction can easily result in losing the mental battle of attrition. This phenomenon is clearly evident in futures trading. In order to reduce this formal war of attrition, it is recommended to refrain from breakout trading whenever possible. Looking at the example chart, I've marked several support and resistance points. We know that in most cases, it is not too late to check support and resistance at these support and resistance points and proceed with the transaction. However, when the price fluctuates, a mental war of attrition begins as trading proceeds immediately without checking basic support and resistance. I believe that this phenomenon is caused by anxiety caused by one's own greed. In order to reduce these conflicting elements, it is necessary to practice checking for support and resistance at the points of support and resistance. We use several methods to check for support and resistance. No matter which method you use, the most important thing is to remember that the method that suits you is best. Basic support and resistance can be outlined to some extent by checking the 1D chart for at least 1 to 3 days. If a trend appears after this period, it corresponds to a coin (token) that shows rapid movements in the short term. Otherwise, you will see sideways movements for about 7 to 10 days. However, since the coin market allows trading 24 hours a day, it is quite difficult and difficult to check support and resistance for at least 1 to 3 days. This leads to rapid transactions, resulting in a formal war of attrition. There is no special way to check for support and resistance. The know-how you gain depends on how many transactions you have made. Also, it is important to think in advance about how you will respond when support and resistance appear in the opposite direction of what you expected. I think the reason trading is called gambling is because this method cannot be defined. So, I think there are people who say that it is a game with a 50% chance of going up or down. However, these thoughts will gradually disappear as you create a response strategy according to price fluctuations through studying charts and trading strategies learned through many transactions. Ultimately, whether you accept the know-how you gain by conducting many transactions at your own will as your own and whether you correct your mistakes will ultimately determine the success or failure of the transaction. - Can you create the necessary support and resistance points or sections to check whether there is support or resistance? - Even if the support and resistance points or sections were selected incorrectly, can you trust the support and resistance points or sections and find a response plan? Chart study must be done to satisfy the above contents. Terms, patterns, and trends on charts only serve to modify your trading strategy while trading. In the end, we must not forget that everything begins by checking the support and resistance at the support and resistance point or section. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
Education
by readCrypto
3
Example for conducting a split transactionHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- To create a trading strategy - Investment period - Investment size - Trading method and profit realization method The above conditions must be taken into consideration. As you proceed with trading, you will respond to price changes depending on the trading method and profit realization method among your trading strategies. This usually results in a split transaction. We must not forget that long-term holding means that we are seeing period losses due to long-term holding. This is because profits from long-term holding are ultimately difficult to view as actual profits. Additionally, while holding it for a long time, you miss out on the opportunity to earn greater profits by trading other coins (tokens), which reduces expected profits. Therefore, when rapid price volatility occurs, a response is necessary. This can reduce the psychological burden that comes with long-term possession. If you purchased BTC below 29K, the current price movement is at a level that does not cause much pressure. However, looking at the price volatility of altcoins due to BTC price fluctuations, you may feel psychological pressure. This is because they feel psychological pressure to protect their current profits, so they worry about whether to proceed with a split transaction. If you look at the movements of altcoins due to BTC price volatility from around November 2nd, when this volatility period began, to the present, you may think that there will be a big drop once. If the average purchase price is below BTC 29K, but you are not yet familiar with creating a trading strategy based on chart analysis, it is recommended to proceed with split trading when volatility exceeds -10% to +10%. When volatility exceeds -10% to +10%, it basically means the volatility of one candle on a 1D chart. Accordingly, there was an opportunity to conduct a split transaction as recently as October 23rd. To be sure that a volatility of -10% to +10% has occurred, the candle of the day must be closed. Therefore, it is recommended to proceed with trading just before the day's candle closes. However, since it has been continuously rising since October 23rd, I think there is a high possibility that if you sold it in installments, you are currently regretting it. However, you can seize new opportunities and feel psychological stability with the cash you get from selling in installments. Additionally, if the price falls by more than -10% in the future, additional purchases can be made. Since the price is rising, it is thought that even if the price rises higher and falls by more than -10%, if you buy it at a higher price than the split sale price, you will ultimately incur a loss. But, that's not the case. The most important thing in trading is to make a big profit, but it is more important to have your own psychological stability. So what is needed is a profit realization method. What is not possible with traditional stock market trading methods is possible in the coin market. The reason is that coins (tokens) can be traded in decimal units. Therefore, if you trade by purchase price, split trading is possible even if the price rises. For split transactions based on long-term holding, it is recommended to increase the number of coins (tokens) corresponding to the proceeds. Therefore, when selling in installments, the number of coins (tokens) corresponding to the profit is reserved by selling the purchase principal amount corresponding to the purchase price (+ transaction fee x 2 included). If trading is carried out in this way, the average unit price provided by the exchange becomes meaningless. Therefore, if you continue trading in this way, all of the purchase principal will be recovered, and only the number of coins (tokens) corresponding to the profit will remain. Therefore, once the entire purchase principal has been recovered, the average purchase price of the remaining coins (tokens) becomes 0. In this situation, even if you proceed with the transaction again, the average purchase price will be lower than the purchase price, thereby reducing the psychological burden of purchasing. The impact of these transactions has greater significance when investing with a long-term perspective. If so, let's give an example of how to proceed with additional purchases. The method mentioned above, i.e. split trading when volatility is more than -10% to +10%, is a good method to use for those who are not familiar with chart analysis or creating trading strategies. (Basically, you need the know-how to determine whether you are supported or resisted at a support or resistance point or section. It is a tedious and difficult task as it requires checking movement for at least 1 to 3 days to check whether support or resistance is received at the support and resistance points.) 1. You can proceed with split trading based on the 5EMA on the 1D chart. The 5EMA on the 1D chart has long been called a rising line. Therefore, in order to proceed with a breakout trade, it is recommended to proceed when the price rises above 5EMA. When the price rises sharply and falls away from the 5EMA, it touches the 5EMA line again and appears to be supported, so a split purchase is possible. Therefore, split purchases are possible in section 1. Accordingly, you will have to worry about how much of a purchase proportion you should make when purchasing. When buying around 5EMA, it is recommended to buy about one-third to one-fourth of your current holdings. (If you purchase in proportion to the number of coins (tokens) held, the average purchase price will increase significantly, so it must be calculated based on the current amount held.) If you purchase more than that, you may feel psychologically anxious if the average purchase price shown increases significantly, so you need to be careful. 2. When support is confirmed near the MS-Signal indicator on the 1D chart (26EMA, which shows similar movements), you can proceed with split trading. The next section for additional purchases is possible when support appears near the MS-Signal indicator. At this time, you can purchase with 50% to 100% of the amount held. The reason is that there is a high possibility of creating a pull back pattern. 3. Split trading is possible depending on whether support or resistance is received around the HA-Low and HA-High indicators. If it is supported by the HA-Low indicator, it is basically a good time to buy additional money because it is highly likely to touch the HA-High indicator. However, if supported by the HA-High indicator, there is a possibility of renewing the previous high point, so this also corresponds to the time for additional purchases. Don't do it. If the HA-High indicator falls, it is highly likely that it will touch the HA-Low indicator, so a countermeasure is essential. If the HA-Low indicator falls, there is a possibility that the previous low point will be renewed, so a response plan is also needed. However, if it falls below the HA-Low indicator, there is a possibility of forming a bottom, so depending on the overall position of the price, you may have a better opportunity. -------------------------------------------------- ------- Rather than analyzing charts, it is more important to think about these trivial(?) trading strategies and create a method that suits you. This trading strategy does not necessarily require good chart analysis. Therefore, in order to proceed with a transaction, you must have an idea of these minor(?) details. Therefore, you should spend more time creating your trading strategy than you spend analyzing charts. A trading strategy requires you to create a big picture trading strategy before you start trading. In addition, by creating a detailed trading strategy within the scope of the trading strategy in the big picture and proceeding with the transaction while feeling psychologically stable, even if the transaction fails, the impact on proceeding with the next transaction can be reduced. The most important thing in chart analysis is to have the know-how to check whether you are supported or resisted at support and resistance points or sections. I do not recommend analyzing charts beyond that because it means becoming an analyst rather than trading. Therefore, rather than studying difficult chart analysis techniques, more time should be invested in checking whether support or resistance is received at support and resistance points or sections. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
INDEX:BTCUSDEducation
by readCrypto
5 Ways to Improve your Trading - WORTH THE READYou’re going to need a cup of coffee or two for this one. It is my longest trading article I’ve ever written. I’ve written it because I care about you and I want you to succeed. So, please take the time to read this and save it for the future. Or if you don't have the time then at least go to the bottom to see the highlights of the article... Enjoy and trade well! Part 1 – EXPERTISE Choose your markets wisely. There are so many different markets to choose from, that you need to upper your knowledge. Whether it’s understanding market, assets, securities and instruments – you need to have basic knowledge. Here are some to consider… #1: New ETFs (Exchange Traded Funds) Exchange-traded funds (ETFs) are a popular way to invest in a diverse range of assets. If you want to improve your expertise in ETF trading, stay informed about new trends and opportunities in the market. Keep up to date with the latest developments in the ETF industry, such as new ETFs being introduced, and be aware of market trends and movements that may affect your trades. #2: New AI Tech Companies and Technology Artificial intelligence (AI) technology is revolutionizing many industries, including finance. To stay ahead of the game in financial trading, be sure to keep up to date with new AI tech companies and technologies. See what Google, Open AI (ChatGPT, Dallee), Apple and Meta are doing. Even some crypto AI companies. Familiarize yourself with the latest innovations in the field, and consider investing in companies that are developing or utilizing AI technology. #3: Electric Vehicles Electric vehicles are an emerging trend in the automotive industry. Even in Greece and Europe, we are seeing more Teslas on the road and electric garage stations. And they are expected to have a significant impact on the global economy, environment and with the automotive sectors. Stay up to date with the latest news and developments in the electric vehicle market, and be aware of how it may affect your trading strategies. #4: Space Tourism Space tourism is a new and exciting industry that is attracting significant interest from investors. Keep an eye on the latest developments in the space tourism market, including new companies (SpaceX, Virgin Galactic and even Amazon technologies. #5: Metaverse The metaverse is a virtual world that is becoming increasingly popular, and it is expected to have a significant impact on the way we live and work. They are here to stay, improve and evolve. From virtual reality, augmented reality and a mixture of both. Get yourself a Quest headset (or wait for the Quest 3) and see the new opportunities in the space. Don’t get left behind.There are many other areas of expertise of industries that you should be aware of. Just do a bit more research and incorporate them into your trading and investing lives. Part 2 – TIME Time is all we have. It’s also something you can’t get back but it’s something you can utilise and take advantage of. With trading, you need to use your time wisely, In this part we will talk about how you can improve on this aspect. #1: Be Punctual One of the most important aspects of successful financial trading is being punctual. Be sure to arrive at your trading desk or platform on time. Be ready to take action when the markets open. Be prepared for when trading opportunities align and when they are ready to execute. Don’t miss these opportunities, because it just takes ONE big one to take your portfolio out of your drawdown and in the green. #2: Don’t Miss a Day Missing a day of trading could lead to missed opportunities and lost profits. Be sure to stick to your trading schedule and avoid missing any trading days. And if you miss a day, make up for it the next day. Spend extra time on analyses, execution and even during your evaluations and tracking of your portfolio. #3: Set a Reminder To help you stay on track with your trading schedule, set a reminder on your phone or computer. Even better. Set an alarm for when you know you need to trade. Time slips by so quickly and we can get distracted in the day. How many times have you forgotten to have lunch, drink water and miss your favourite TV show? Use your timer and set reminders with trading. This will help you to stay focused and ensure that you don’t miss any important trading opportunities. #4: Sticky Notes Sticky notes can be a helpful tool for staying organized and focused when trading. Use sticky notes to remind yourself of important dates, deadlines, trading setups, ideas and trading strategies. Also use sticky notes to maybe have a plan on what you need to do as a trader that day. They help and are great to bring to your notice with the actions you got to take. Part 3 – ACTION Without action, it stays a dream. Without action, it stays an idea. Without action, it stays a what if… You need to DO instead of SAY. You need to ACT. That’s what this is all about with improving another area with your trading. #1: Place Your Trading Levels Don’t just look at what is lining up. Write them down on sticky notes. Have them all drawn up on your charting platform. And make sure EVERY detail, trading level and reason is somewhere you can see. Then you have no other choice but to set your trading levels carefully. Or if you need to adjust them as necessary to reflect changing market conditions and lock in gains where you can. #2: Prepare Your Trading Setups You need to prepare your trading setups carefully. This will help you to stay organized and focused when trading. Set up your trading platform, charts, and other tools before you start trading to ensure that you are ready to take action when the markets open and eventually hit your desired levels to action. #3: JUST TAKE THE TRADE High probability setup – tick. Trading levels in place – tick Risk analyses and volume analyses all according to plan – tick As I like to say JTTT – Just Take the Trade! Taking action is the most important part of successful financial trading. Don’t be afraid to take a trade when the opportunity arises, but be sure to do so with caution and careful consideration of the risks involved. Part 4 – VISION AND GOALS We all have our desired goals and vision in place. Or else why would we do it? Right? With trading, we have a game plan. And when we have a solid plan with a proven track record, we can almost see into the future of the outcome. But you need to write them down. You need to have realistic targets and goals. You need to incorporate the downside and drawdowns as well. And you need to remember, to achieve these – you have to take additional steps such as… #1: Deposit more money One way to improve your financial trading results is by depositing more money into your trading account However, this does not mean that you should invest all your savings. It is essential to balance your investments and diversify your portfolio to minimize risk. Maybe you want to deposit 5% per month. Or maybe you want to just deposit one fixed lump sum, to start growing your account. Be sure to evaluate your financial situation and set realistic investment goals that align with your financial capabilities. #2:Be responsible Being responsible is crucial in financial trading. You need to be disciplined in your trading activities and avoid making impulsive decisions. Stick to your strategy and stay true to your long-term goals. You should also ensure that you have a clear understanding of the risks involved in financial trading. #3: Eye on the sexy prize Short-term gains can be tempting – I get it. We are seeing the future before we are dealing with the present. And this is dangerous in the short term. It might feel slow, unprogressively and not as amazing as you thought after a year. But with compounding, eventually you will feel the success, triumph and true potential of trading power. But it is essential to focus on long-term growth and wealth potential. Be prepared to hold onto your investments for an extended period, even if there are temporary fluctuations in the market. #4: Focus on growth and wealth potential It is crucial to have a clear understanding of your long-term goals and make informed decisions based on them. If you want to grow your wealth, you need to be patient and take calculated risks. Diversify your portfolio and invest in assets that have long-term growth potential can help you achieve your financial goals. Part 5 – ATTITUDE Now it’s up to you. You have to face the elements of trading. The winners. The losers. The drawdowns. The insane winning streaks. The slowdowns. The sideways going nowhere. This all can mess with your emotions. Hence they say don’t ride the emotional rollercoaster. So let’s fix your attitude shall we? #1: Biggest mental enemy is – YOU Your mindset plays a significant role in your trading success. The biggest mental enemy in financial trading is you. It is easy to get caught up in emotions such as fear and greed. This can lead you to taking impulsive and revengeful trades. This can lead to you giving up during the bad or slow times. To overcome this, you need to have a clear understanding of your emotions and how they can affect your trading decisions. #2: Stop celebrating winners Avoid celebrating them excessively. Great you won some money! But what about the next trade? What about next month. What about next year. You are only as good as your last trade. And when you banked a winner, you need to focus on the next trade and let by-gones be by-gones. Celebrating your wins can lead to overconfidence, which can be detrimental to your trading success. Keep level headed at all times. Especially during successful trades. #3: Stop crying over losers Similarly, you should not dwell on your losses. Losses are part of the learning process. They can help you identify areas of improvement in your trading strategy. Instead of crying over losses, focus on learning from them and making informed decisions based on your trading plan. Also, go back to your track record. Go look at the biggest drawdowns you had and how you overcame them when the market went into a better environment. That will stop you crying over losing a bit of money. Besides, losing money is not a loss. It’s simply a cost of trading. Think of it like that and you will never feel another loser again. #4: Be long term oriented Financial trading is a long-term game. To be successful, you need to have a long-term mindset and a strategy that aligns with your long-term goals. I’ve told you many times. It’s not about the one trade but the hundreds of trades later. Just keep to your discipline, follow the plan and strategy and you’ll see it pay off in the long run. #4: Stop thinking of instant successes Financial trading is not a get-rich-quick scheme. You cannot expect instant success or overnight riches. Instead, you need to be long-term oriented and take a strategic approach to your investments. It would help if you were patient and persistent, even when faced with setbacks or losses. 5 Areas to Improve! We’ve come to the end of the 5 part – Areas you need to improve with trading. What a pleasure it’s been. I’ll sup up everything below so you can have a quick reminder what you need to work on. EXPERTISE #1: New ETFs (Exchange Traded Funds) #2: New AI Tech Companies and Technology #3: Electric Vehicles #4: Space Tourism #5: Metaverse TIME #1: Be Punctual #2: Don’t Miss a Day #3: Set a Reminder #4: Sticky Notes ACTION #1: Place Your Trading Levels #2: Prepare Your Trading Setups #3: JUST TAKE THE TRADE VISION AND GOALS #1: Deposit more money #2: Be responsible #3: Eye on the sexy prize #4: Focus on growth and wealth potential ATTITUDE #1: Biggest mental enemy is – YOU #2: Stop celebrating winners #3: Stop crying over losers #4: Be long term oriented #5: Stop thinking of instant successes If you found this helpful let me know in the comments. Remember to stay disciplined, be patient, and keep your eyes on the long-term prize. J.T.T.T
TVC:SA40Education
by Timonrosso
Top 10 AI Stocks to Trade and add to Trading View WatchlistAI is definitely one of the key words for the century. And yes, I believe these are great companies to add to our watchlist to trade. ANd Trading View has all of the companies to analyse their movements. . We could even see AI companies being some of the safe-haven stocks to invest in 2024… Here are my top 10 companies that are incorporating AI into their businesses and ones I'm trading lately. 1. Microsoft (MSFT): Develops, licenses, and supports software, services, devices, and solutions. 2. Advanced Micro Devices (AMD): Designs and sells computer processors and related technologies. 3. NVIDIA (NVDA): It designs graphics processing units (GPUs) for gaming and professional markets. 4. Palo Alto Networks (PANW): Offers cybersecurity solutions and firewall technology. 5. Customer Relationship Management (CRM): This is a strategy that companies use to manage interactions with customers and potential customers. 6. Meta Platforms - formerly Facebook – (META): Operates social media and virtual reality platforms (e.g., Facebook, Instagram, WhatsApp, Oculus) Note: Oculus 3 Headset is coming out next year and it’s going to include and introduce Augmented Reality to the world. 7. Palantir Technologies (PLTR): Develops data analysis software and provides data integration and analytics platforms. 8. Adobe Inc. (ADBE): Creates software products for content creation, multimedia, and marketing. 9. Apple Inc. (AAPL): Designs and markets consumer electronics, computer software, Virtual Reality and online services. 10. Micron Technology (MU): Micron Tech. inc. designs, develops, manufactures, and sells memory and storage products worldwide I have an entire watchlist just saying AI STOCKS... There isn't an Index yet, so I'm watching them and trading accordingly.
TVC:SA40Education
by Timonrosso
3 Risk Actions to take in a Sideways Market “Do you have any risk or money management rules you take, during a Sideways Market or Twilight phase? I want to be more cautious with my trading.” These actions, no doubt, will help us protect and preserve our trading accounts. Action #1: Drop your risk even more If you’re feeling uneasy with the markets, as many have – drop your risk. You can even drop your risk to a range of 0.5% to 1% per trade, as opposed to the usual 2%. This will keep you in the game, so you don’t miss out on any moves. Action #2: Hegde your portfolios I consistently employ hedging strategies, both Longs and Shorts. For example, you can go long stocks and short gold as a hedge. Or you can go long Bitcoin and short Ethereum as a hedge. As long as your losses are smaller than your winners, then your winners will outweigh. And this will help keep your portfolio in check. Action #3: Diversify The JSE ALSI 40 isn’t the be all and end all of trading. You need to learn to diversify into other markets. I’m talking about Forex like EUR/USD, Indices, and even intraday trades.
TVC:SA40Education
by Timonrosso
My Trading Strategy in 3 Steps 📊As per @TradingView 's previous post, in this article, I am going to share my trading strategy in three steps. 📌 Step 1: First, start from the higher timeframes like Daily/Weekly to identify the current long-term trend. Is it bullish, bearish, or stuck inside a range? If the price is sitting in the middle of nowhere, then it is a NO trade zone, as the price has a 50% chance to go either up or down. Thus, there's no edge! Remember: No trade is also a trade. 📚Wait for the price to approach the lower bound or upper bound. Then proceed to Step 2. 📌Step 2: Zoom in to lower timeframes like H1 and M30 to look for any reversal setups. A basic approach would be to wait for a swing low to be broken downward around a resistance as a signal that the bears are taking over. In parallel, wait for a swing high to be broken upward around a support for the bulls to take over. This would be the confirmation to enter the trade. Just like a sniper waiting for the perfect shot! 📌Step 3: Target at least a 1/2 risk-to-reward ratio. This way, even with a 50% win rate, you can still be profitable. Remember: We are risk managers, not traders. We can't control the market; the only thing we have control over is our risk. 📚Always follow your trading plan regarding entry, risk management, and trade management. Hope you find the content of this post useful 🙏 All strategies are good; if managed properly! ~Richard Nasr
Education
by TheSignalyst
51
How to Adapt to the Ever-Evolving Financial Markets – 4 WaysThe only constant with the financial markets is… Change The market is constantly changing in a way that it’s bringing: New demand New supply New volume and fresh changes in the complex algorithms. If you want to thrive you need to learn to learn to adapt, evolve and grow with the markets. I want to cover four elements to today’s topic. The Inevitability of Market Change Change is not only constant but inevitable in financial markets. There will always be new elements streaming into the markets from: Global and political events Micro and macro aspects Economic indicators Regulatory shifts, and Investor sentiment These elements are perpetually at work, shaping and reshaping the market. These catalysts can shift the trajectory of entire sectors, leading to volatile market movements. Influx of New Volume on Market Dynamics Every day, the market sees a deluge of new volume. There are new traders and investors constantly joining the financial markets world. And we are seeing an inflow of capital from retail traders, institutional investors, and high-frequency trading firms. The big institutions like Smart Money (banks, hedge funds, brokers etc…) are causing the big volatile moves in the market. The smaller guys – dumb money and retail traders – are also helping with liquidity in the markets. Every transaction is causing a shift in the market. No matter how small it’s the “Butterfly Effect of the financial market”. The Role of Algorithms in Market Evolution In the era of digital transformation, algorithms have become a pivotal part of the financial markets. Algorithmic trading or ‘algo-trading’ employs complex mathematical models to execute trades at lightning speed and frequency. I’m talking about Copy Trader, Robinhood, AI trading bots, EA Expert Advisors and pre-determined automatic mechanical trading methods. This practice is now an integral part of the trading landscape. And they will continue to have an influence in price action, and market patterns. Haven’t you noticed? In the 50s through to the early 2000’s. The markets trended on a more consistent basis. Any monkey could choose a list of good stocks and hold them until they were up 200% – 1000%. But nowadays with derivatives, algorithms, shorts and automatic execution – markets have never been more volatile and more difficult to ride the trends. Always Adapt to Thrive in Changing Markets It’s our job to learn to be more flexible and to adapt to these market conditions. As markets evolve, so must we evolve with them. We need to always: Apply new markets to our watchlists Look for better trading instruments Change the trading strategy to make it more conducive with the environments Always look for the next best broker, trading and charting platform Look for ways to reduce costs and maximise profits. I’ll end off with this. The market is constantly changing, adapting and evolving. We need to embrace the change and not see it as a threat. Have this mentality and you’ll always have the opportunities to improve, anticipate and grow as a trader.
TVC:SA40Education
by Timonrosso
1