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What makes a great trader!Traders! Learn from lions! 1. Set Goals Every time the sun rises, the lion has one goal that keeps it motivated. It is survival. No matter what day it is, no matter how hard the struggle will be, they stand up with determination to survive. That is called the lion attitude. Many lions lose their reign, cubs, and queens to other lions, but they never give up on life. Lions are born to hunt, and they know they have to get up and run to get fed. They need to be ready to defend their territory and to fight with all their power to protect the pride and the young cubs. With their survival instinct, they fear no other animals and survive among the fittest. Therefore, as a trader you need to set goals. These can be long term goals or daily goals and strive to achieve your goals. A trader that sets no goal is like a sailor that goes without a compass. 2. Be selective Lions don’t kill just any animal. First they observe and among the group of animals they pinpoint one, probably the weakest but also the size that can feed the entire family. Most of the time their instinctive calculator works. What is the lesson? There are many instruments. Not all these needs to be traded at once. We should pay attention to a few instruments, perhaps pick one or two that are shaping up well and trade these. It is also good to know which instrument is good for us to trade, which one brings us fruits and which one burns our accounts so we avoid this. It is not necessary to trade everything, what is necessary is to make money. What gives you money-stick to that. 3. Focus Lions focus on one target. After selecting a target, they only put attention to that. They don’t waste time looking at others. After selecting the instrument that you want to trade, focus on that, avoid being distracted by other instruments or pairs. Other pairs will tick and move, if you divert your attention from those that you selected you will lose focus and end up taking wrong trades that you didn’t plan of taking. 4. Embrace failures The hunt is not about excellently using that one opportunity to get the prey. It is about hunting until you get one without knowing how many opportunities you need. The facts are that the hunt fails eight out of ten times. However, have you ever seen a lion losing hope? Or have you ever seen a depressed lion? No. After every failure, it tries again and changes its approach. Lions never give up, because they have a different type of appetite. They can keep going, no matter how hard it gets. Every time again, they are trying to make a better hunt to succeed. That is called determination. The struggle forces them to get it to the next level. The prey is not just going to sit there and wait for the lion. Even as the king of the jungle, they have to work hard and learn the lessons throughout each attempt. For you, it will be no different. Embrace the failures and find the strength in every setback. Your failures are part of your success. They allow you to begin again more intelligently. Make sure you will not repeat them. A real trader's goal is to be a profitable trader. Through the process of becoming profitable, you will fail, sometimes fail very terrible. Just like the king of the jungle that never gives up, you should not be held back by those failures. You need to get excited by the process and fight through anything that holds you back from achieving your goals. Keep challenging yourself by setting new goals. The hunt never stops, so aim higher with every new goal. 5. Seek Support from others The lion finds its highest support amongst the other lions in its pride. They depend on each other when it comes to their survival. Every lion plays its part in times of hunting the prey and in times of defending its territory. As the only "big cat" who lives in groups, they work with each other and work for each other. No matter how hard the struggle is, there is no task too big when it is faced together. The more lions involved in the hunt, the bigger the prey they will go after, and the more organized and coordinated they will be. No matter how long you've been an active trader, you still need to learn from others. This is very relevant if you are just starting of as a trader. Right from the very beginning, trading will not be as smooth as you expect it. Your whole life will be involved, your emotion and your psychological being. It is best to seek support from others and never get ashamed to ask for help. One way of seeking help is by taking lessons from those who are doing well in trading. If there’s any cost involved-pay it, because the lesson you will get from there will be invaluable. 6. Enjoy your daily Moments Besides all the challenges the lion is facing in chasing their life goal, it still sleeps for more than half of the day. Moreover, it enjoys the daily moments in the pride by relaxing, lazing around, and play with other lions. Lions spend between 16 and 20 hours each day resting and sleeping. They conserve their energy during the warm day because of their few sweat glands. They become more active at night when it is colder. Just like the lion, find time to relax. Become aware of when it is time to enjoy your moments and get your energy level upwards. Make sure you take care of yourself to be at your best when you're hunting your goals. The best moments in life with family, friends, or just yourself, have to be experienced at its full potential. Avoid being on the chart the whole day, it is dangerous to your health! 7. Be protective If you threaten anything of value to the lion, you better be prepared to fight. Its family, its territory, the lion is willing to die for these. What are you willing to protect and die for as a trader? Each time you open the chart, your account is under threats, your fund is at risk. Many of the risks are cost by ourselves. Overleveraging, trading with no stop loss, these are just some of the mistakes we make. A lion would defend its territory and even lay its life for it. As a trader, it is your goal to defend your capital by using proper risk management and setting calculated stop losses to every trade you execute. Friends, hope you enjoyed this article and if you did please do not forget to like and share. Do also let me know which point you enjoyed the most and feel free to write it in the comment section below. Have a wonderful trading week.
FX:NAS100Education
by Forexintelligence_NA
1
Being a weekend trading warriorYour results on Monday will be influenced by the work that you do on the weekend, specifically Sunday. As an intraday trader I constantly think about my trading. Here are a few points which every trader should focus on, 1 - Mapping our mental weaknesses We all have mental challenges, some of us have a lot of FOMO, while others oversize and over trade, you know what is holding you back as a trader... FIND IT AND WORK ON IT! 2 - Reviewing trades (winners & losers) Search for the plays where you can add size, search for patterns that you can exploit next week, review your best trades. What trades worked best for you? more of these on Monday. What trades are not working for you? Eliminate them. 3 - Checking for key levels & patterns The best in every industry practice and train... yet probably 90% of traders never really do any kind of practice, they search for a strategy and then cannot wait to apply it to the markets... real traders work on their trading hence they create REAL SKILLS!
BITSTAMP:BTCUSDEducation
by PrimedGroup
5
⭐ DO NOT FOMO⭐ DO NOT FOMO 💥The financial market provides trading opportunities every day. 💥Do not FOMO (Fear of missing out). Most often rather than not you will always be in the wrong end of a trade if you FOMO on it 🤔 What to do instead? 1. Remain calm, if you didn't plan the trade, let it be. 2. Ignore traders who shill trading opportunities without giving you concrete reasons and research details. 3. DYOR (DO Your Own Research). 4. Understand that you will get other opportunities so no need to panic. DO NOT FOMO !!!
BLACKBULL:SPX500Education
by Sage_Trader
1
3 Mindset Tips for Elite TradingHappy Sunday Traders! In todays video we go over 3 mindset tips for elite day trading! Watch the short video below to understand this better, but here they are anyway: BE OPEN MINDED Let the market be your guide (price action) Wait until you feel the market (day trading) Be just as ready to buy, as you are to sell CONTROLED AGGRESSION Know what an A+ setup is, then develop the confidence to act big and fast Have a plan, both for the best entries and the failed trades EVERY TRADE IS ABOUT DEVELOPMENT How good/great of a trader could you become by next month if you learn from every trade you take this January?
BITSTAMP:BTCUSDEducation
by PrimedGroup
2
5 Fundamental aspects of day trading successHere's a quick video on a few vital skills every trader needs to acquire before he/she can actually achieve success in day trading. This is 100% from our experience, we've worked hard to achieve success in day trading so these tips come from our direct experience. Hope they help you guys: HARD WORK: hard work in trading doesn't come from actual trading, hard work in trading comes down to the preparation aspect. PATIENCE: Patience enables an excellent entry point, which allows a trader to enter a bigger position and increase the profitability factor. DISCIPLINE: Discipline is following the process day in day out without altering it because of a few red trades. Discipline is executing the process every day and on every trade. REPLAYING TRADES: Reviewing your biggest loses and your biggest winners is literally the quickest way to become a primed trader.
CBOT_MINI:YM1!Education
by PrimedGroup
8 tips to keep you sharp over the weekend!Tomorrow is Christmas eve, the general markets will be closed, of course crypto will still be rocking and rolling, but the CFD markets will be shut. In day trading it is very easy to get rusty, a few days will do the trick, so with a 3 day weekend approaching we wanted to use this time to help you stay on track so you remain "hot" for the last trading week of 2021! For those of you who will be celebrating Christmas, you will be busy Friday and Saturday, but we're sure you can find a cheeky hour on Sunday to work on yourself, since the weekend is the perfect time to grind, and do things such as reviewing your trades, seeing which assets moved the most and why (so you can take advantage of these situations in the future). Today's blog topic will be guidance on what you could work on this weekend to keep yourself hot and not get rusty! "DO OR DO NOT, THERE IS NO TRY." - YODA 1. THINK HOW CAN YOU IMPROVE YOUR PATIENCE – Having patience as a day trader will help in many ways, one of them being better entries, since entries are directly connected to our PnL it is then a vital skill to acquire, think what you could do to become a more patient trader and create a plan for the new week and apply it on your first opportunity! 2. REVIEW THE MAIN MOVERS THIS WEEK/MONTH – Every successful person, whatever industry it may-be practices a lot, the best way we trades get to practice is to review the charts and see what you could have done to profit in the new week by learning what you missed the week before 3. REVIEW YOUR RULES (PROCESS / ENTRY / EXIT / WATCHLIST) – Always helpful to read over and reevaluate your trading rules, it is a very underrate process, and because the majority of traders do not review their rules and processes they generally do not know what they are nor do they apply them! 4. VISUALIZE SUCCESS AND CHALLENGES – Visualize yourself making good/great trades. see yourself going through different scenarios and achieving the profits you seek. From seeing the perfect setup to executing the trade to exiting the trade, every aspect of trading, see it and feel it. Then also review the challenges you face as a trader, I'm sure you can think of dozens of them! 5. THINK HOW CAN YOU MAKE ONE A+ TRADE AT A TIME - Work on your entry process and criteria, know what the BEST TRADES look like, write it up! So when they show up you can execute with a larger size and maybe bank a much bigger profit than normally. 6. TALK TO EXPERIENCED TRADERS – It is very helpful to get ideas and see what these traders are doing, there is always something for you to learn, even when you become a millionaire trader, you'll still have so much to learn! 7. HOW CAN YOU IMPROVE THE RETETION OF PROFITS – If you are up on the day, set a tighter stop loss to keep your profits, that could always be a solid idea right? There are many ways to retain profits, such as lowering your size after a strong winning streak in a day... but its also your job to think about how you could do this better! 8. WORK ON YOUR PREPARATION – Preparation is Key for success! If you fail to prepare, you prepare to fail! We prepare for a solid hour before we start to trade, there is value in this... so this weekend create your "preparation process" and put it to work! Ok we are done! Thanks for reading, but before we let you go we have a small request! If you come up with any good ideas that work for you, or have them already, please share them with us we'd love to learn from you too! Merry Christmas and all the best!
Education
by PrimedGroup
79
8 Trading Habits of Successful TradersConsistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them. In this post, I have collected 8 trading habits that a trader should have to become successful. 1️⃣ - Realistic Expectation & Vision Many traders, most often beginners, commonly fall for the trap of wishful thinking. When analysing the charts, they usually only view the market from one bias and only perceive price heading in one direction. And this is typically the one that their own analysis is pointing towards. However, going into each trade with a realistic expectation that the market doesn't care what you think may happen, and being prepared for a trade to go wrong will help keep you level headed. 2️⃣ - Anticipation of Different Outcomes Anything can happen in financial markets and for this reason, professional traders always justify their decisions in probabilities. They understand that 100% chances do not exist so looking at all possible probabilities before entering any trades, the trader is always ready for completely different outcomes and accepts each and every move given by the market. 3️⃣ - Emotional Stability The market is a wild beast who always wants to bite us and most of the time it manages to do that e.g. drawdowns & losing streaks... Those who trade for at least 1 year know how unpredictable and unstable the market can be. A perfectly looking trading setup can easily turn into a big losing trade. Of course, that is painful and of course with more & more losses, the anxiety will begin to chase us, the stress will overwhelm us and you may begin to start second guessing yourself. Only by remaining stable and calm, you will manage to overcome the negative periods. Learn to control your emotions, learn to take losses! 4️⃣ - Continuous Learning The markets are infinitely deep in their nature. Trading & constant monitoring of the market always unveil new, uncharted elements and things. Throughout all my years of day trading, I can't help wondering how many new things I learn each and every day. With continuous learning you evolve, you become better and it improves your trading performance & results. 5️⃣ - Flexibility & Adaptivity The markets are always changing. If you were trading before COVID crisis, I guess you feel how the reality among us shifted. With fundamental changes in our daily lives, the markets changed as well. It is hard to say what exactly has altered though, however, we all can feel it. In order to survive in a constantly changing environment we must always be adapting and never stagnant. 6️⃣ - Trade Journaling Pro traders always assess their past performance & results. They track each and every trading position that they opened. Both losing trades and winning trades require analysis and observations. Only by studying the past results the trader can improve his trading performance and evolve. Only by identifying mistakes & peculiar commonalities, the trader learns to lose less than he makes. 7️⃣ - Risk Management 90% of traders lose 90% of their funds within 90 days and under 90 trades . This is a well known statistic in the trading industry and aside from psychological factors, it mainly boils down to incorrect risk management. If you're looking to survive in this game and have a long, prosperous career in trading. You must have your risk management locked down. One beneficial risk management habit to develop is to not enter any trades unless they have a risk:reward ratio of at least 1:3+ . 8️⃣ - Trading Plan Sticking to your trading plan is one way of promoting long-term success throughout your trading journey. Undoubtedly, you will go through many psychological ups & downs, mental battles and periods of low confidence. Abiding by your own trading plan will help assist in ensuring that you don't step out of line from your own trading rules and allow you to stop yourself from developing bad habits overtime. 9️⃣ - Constant Practice Professional traders never stop, they always watch the charts, they always monitor the prices, and follow the market. Trading requires constant TRADING. Just spending one single week on a vacation without charts, you can not imagine how hard it is to return back. The trading skills must be constantly maintained.
Education
by NimmoCapital
🔋 Live to trade another day 🔋As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us! Our mission is to help other traders become successful and in an effort to achieve our goals we come up with simple yet effective tips and tricks on achieving our goals, by helping you achieve your goals! This video goes over some ideas and tips on how you can survive as a trader, the tips we go over are: LIVE TO TRADE ANOTHER DAY: - Use position sizing - Have a definite exit area - Prepare properly before starting to trade - Review your trades daily or weekly (always seek improvement) - Always follow your process & system - Don't listen to others, find your own trades daily - Cut your losers when the market tells you the trade is done, you can always re-enter We hope this video helps you achieve consistency! If you like it check out the other related videos on our channel! Happy Weekend Traders!
DEducation
by PrimedGroup
1
The cicles of the volume peaks for intraday trading GOLDThese are the most volume supported price action times, which give a clear direction and positioning of big traders that move the markets. Between 14hrs and 15hrs (UTC+1) there is a high volume entry. Entrys must be done before that time or during the entry of volume , which is a gradual process until it reaches the highest point of the peak. That understanding of the movement and the pattern of human behavior behind is one of the most important aspects of technical analysis and must be mastered.
TVC:GOLDEducation
by mecoserra2008
Dealing with "failure" in your trading 😎Failure in trading is frequent, yet for some it is permanent and for the few it is temporary, the choice is always yours! In this video we go over our advice on how you should deal with failure so you can keep it as a learning experience and grow and develop as a trader! If you're having challenges in your trading and cant seem to find solutions to them just send us a DM and we'll do our outmost to help you overcome them and find solutions to your "trading problems' :) Have a great day!
DEducation
by PrimedGroup
1
Three Percent Trades: Educational PostThis is an example of how we calculate range movements on a breakout. It comes down to simple math to calculate a measured move. We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move. If the trade moves in your favor you will want to add to your winners as it trends higher. You should add to your position on future breakouts of consolidation, and on any sign of weakness we sell half our shares to lock in profits and play with house money. Following this will help protect your hard earned capital and allow you to let your winners run.
TVC:GOLDEducation
by ThreePercentTrades