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Why is a workplace important in trading?Why is a workplace important in trading? Trading is such a small life that you live every day by opening a chart and an exchange. And above all, you must live this life with dignity. And in order not to break down, not to burn out, to save your nerve cells, it is important to devote time, first of all, to psychology. Your workspace It is important that you feel comfortable working. Nothing should cause you negative emotions, remove all irritants: wipe the dust, remove all unnecessary, leaving only those things that you use daily. You should sit down at the workplace and get maximum satisfaction, everything should be as comfortable. You need to achieve maximum comfort, pay attention to what you are sitting on. Chair or office chair, choose it according to your height, back position, soft or hard, leather or velor. Customize the location of the monitor, mouse, keyboard or laptop in general. Use the speakers you need to play your favorite music in the background. Why is it so important? Because even the slightest irritants can affect your work on the crypto exchange. For example, you got a loss, at the same moment the cup with your cold coffee fell and now after 30 seconds - you are furious at everything around, and next time you start open random positions and get more and more loses. How to build a workflow? After you have prepared the workplace, you need to prepare the work itself. First, decide on the time. You need to draw up a trading schedule. You should not sit 24/7, tremble over the charts and follow every candle, except for overtrading. Yes, it will be difficult to choose the time for yourself right away. Highly recommend you to watch my video about trading styles. Create best workflow on exchange or trading view! Add favorite tool which you use all the time. Time charts, crypto lists colors, background, and all this small things. Ill make another video with trading view setups. But who knows you better than yourself? That's right, nobody. Therefore, think about how you will be more comfortable. Next, we need to determine in ourselves those things that can interfere with trade. For example: you are very sensitive to money, every penny counts. You may need to work on your relationship with money. Maybe we should not overestimate their importance. After all, this can be detrimental to emotional health in the future. Or you are an extremely gambling person, like disputes, get adrenaline from the process itself. In this case, you should think about how you will deal with excitement while trading. After all, I already told you that trading is a small life. The crypto exchange is not a place of fulfillment of desires. This is the battlefield. And in conclusion, I want to add to the preparation: Pay attention to the chart, set the colors and tools that are convenient for you in the trading view and on the exchange itself. Get a notepad. Write everything down the first time. All observations, all transactions, all emotions, all flaws. Write absolutely everything there, every day. Write yourself a checklist, add to it everything that prevents you from working and hang it in front of the monitor. Every morning, before you sit down for a chart, see if the conditions are right. For example: excellent mood, no headache or other pain, slept well, concentrated. All urgent matters are done so that nothing distracts you, etc. And most importantly, be self-disciplined. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅ Look at my ideas about interesting altcoins in the related section down below ↓ ✅For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
1
Learned helplessness in tradingBINANCE:BTCUSDT A classic situation for a trader is the fear of opening a position, dictated by the negative previous experience in an identical situation. How usually manifested after a series of failures (losing streak) and leads to ignoring further trading setups. Let's look at this case in more detail. The material will consist of three components: The biological component describes the possible mechanisms of the brain in the field of decision making, touching on the cognitive error described above. This cluster is of no practical use in the context direct solutions to the problem, but brings the understanding that not all mental processes can be felt at the objective level perception, but can latently contribute their own changes in behaviour patterns. And the psychological component describes the mechanisms problem in terms of psychology person. The release of adrenaline does not necessarily lead to reaction, according to the strength of the corresponding reaction “beat or run", but to some extent capable induce a general mobilization of organs and systems. This is manifested in an increase in heart rate and respiratory rate, dilated pupils and other reactions directed to fight stress. Similar episodes of stress are also recorded by the cortex hemispheres and hippocampus with the formation associations. In the future, these associations will intensify, if negative outcomes prevail over positive. Association cortex conditionally "compares" the number of positive behavioral patterns and positive emotions with quantity negative, preferring to slow down the launch behavior that led to stress. Learned helplessness is a state in which an individual does not attempts to improve his condition, although he has such an opportunity. The key factor causing this condition is imaginary inability to influence the situation, and lack of connection between actions and results. However, if the negative situation is repeated repeatedly, there is a feeling that there will be more only worse. To begin with, it is very important to understand that there is no magic a method that will restore confidence in one's own actions. One way or another, you have to do it on one's own. Psychology cannot solve your problems instead of you. It can only point out some points that worth considering in order to form the correct an approach to accept negative situations and help find a way to solution to this problem. So, what to do if it works for you psychological "feet" before making important decisions based on the previous negative experience? Here are some practical tips. Catch yourself by the hand every time thoughts visit about failures that are not related to a specific situation, but projected from the past. The brain accumulates sums up negative experiences, which is common cognitive error. Although due to feelings of learned helplessness in humans and may give the impression that his chances of success after a series of failures, much lower than it really is, In practice, they are not at all diminished by the fact that was earlier. Your chances of success in this particular moment are always static and depend only on the cold mind and clear calculation. While this may not be easy, it is necessary get rid of emotions and conduct a substantive assessment their results. At what point was your result positive and why was it so? And in what moments your result was negative and,Of course, just try to find out. Probably, if you analyze your failures, you can visually observe that between your failures there was no relationship, but the fact that they went in a row, or the fact that lately there are too many of them - not more than a coincidence. If you determine that the reason for your failures was specific (impulsive decisions/exceeding risks/ignoring your own rules), you you can learn from this experience and, in the future, avoid repetition of such situations. No matter how banal and paradoxical this may seem advice, but it really works in practice. Our the brain is designed in such a way that when we give in to problems, we lose faith in ourselves and our own success. This does not mean that one should act recklessly. However, if you objectively assess the situation and decide that acting now is a good option which fits within the framework of the strategy, do not ignore such possibility. In case of failure, you will gain experience, and afraid to try, you will only start stronger believe in your own helplessness. The problem is sometimes not the situation, but the loss of will and belief in the significance of their actions. The “act when you decide to act" allows you to save or regain a subjective sense of control over situation. If accumulated failures have undermined your faith in success, false beliefs about their abilities. Since it didn't work out before, will succeed in the future. In time, man pays more attention to the experience that confirms this assertion. It only focuses on negative results, ignoring exceptions when he did it all. These fears of failure kill future success. Due to the formed negative thinking patterns in the human imagination is drawn only sad turn of events. In such situations it is important to find special cases of your own success in past. If you lack self-confidence, remember when did you get it right? Think about these sensations. It is necessary to learn to see alternatives, positive developments that form a new self-image opportunity to influence what happens in positive key. In the end, I would like to say that failures happen with absolutely everyone. And it's up to us how we We respond to them and deal with them. Do you lose confidence in yourself and your abilities? or accept failure, analyze, learn from it experience and continue to work, developing on professional field, looking forward to the future success? Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
What to include in your Trading RoutineMost people dive straight into trading without knowing how or why. They also don’t plan ahead. This is why most people are unsuccessful at trading. Having a well developed plan is KEY 🔑 to trading success! Let’s see what in must need in trading routine: 1. Trading Journal 📝 You won’t improve without a trading journal, your whole trading routine is built around your trading journal. The time you’re trading without one is wasted time period. 2. Backtest 📌 Do it every week at least once. Backtesting increase: - Confidence in your strategy; - Self-confidence to execute it; - Discipline (when you’re confident about your strategy, you are more likely to respect it.) Tip: Journal your backtested setups. 3. Weekly mental preparation ⏳ Write down things like: - What are the things you want to work on. - What are the habits you want to improve. - What are your goals for next week. 4. Technical preparation 💡 - Make your analysis. - Study the different price scenarios. - Prepare your trading ideas. You can do it weekly or daily depending on your needs. 5. Weekly performance analysis 🎭 Open the psychology section of your trading journal: - What did you do well? - What could have you done better? - What lessons did you learn? - Realization about yourself, your strategy and the market. 6. Wins and Losses analysis 🌓 - Open the charts of your trades one by one. - Read your mistakes - Write down at least one lesson you took from each trade. Tip: always take a screenshot at the exact entry point of each trade. This allows you to mitigate the hindsight bias and develop your pattern recognition skills. 7. Writing ✏️ Write down your thoughts and emotions on bad days. It helps you understand your mind and gives you clarity. It’s a great way to focus on the process and be patient. 8. Activities outside of trading 🚴🏻♀️🚣🏻♂️ You’re going to lose motivation and belief with your trading many times, you need to have extra motivational source. If you only rely on your trading results to feed your persistence, you ganna give up easily. If you like this content help me grow ❤️🌱 I’d be happy you add more tips to learn from each other
Education
by parissap
14
10 things every trader should knowBINANCE:BTCUSDT 1. There is no general approach to trading. Most traders believe that there is a formula that can be used to predict market fluctuations. But in reality, not only is there no such formula, but it is not even possible to develop a general model of markets, since patterns are constantly changing. There are numerous styles and approaches (which sometimes contradict each other) used by traders, perfectly demonstrate the huge opportunities that stock trading provides. That is, there are a large number of ways to become a successful trader. But in order to find your way, you need to work hard. 2. Look for the style of trading that best suits your preferences. Each trader for successful trading must develop his own method that will correspond to his ideas about the market. A trading approach that is profitable for one trader can lead to losses for another trader if he does not adapt the method to his abilities and ideas. As O'Shea said: "If I try to teach you what I know myself, you will fail, because you are not me." Failure can befall a trader even if he stands behind a successful trader and closely observes everything he does. Such training will allow you to adopt some good habits, but no more. Indeed, in the future there will be many moments when the second trader will want to do something completely different than the first trader. This does not mean that trading one may be less successful than trading the other, but they will certainly operate differently. A trader for successful trading needs to learn to be himself. 3. Trading should not make you feel uncomfortable. In the event that the open trading position is very large, traders often exit trades during minor corrections in which they could make a significant profit. This happens because of the fear that prevails over the mind. This means that the size of positions must be reduced until fear no longer prevails over reason. Even if the market is moving in the right direction, using only a fraction of your capital to trade may end up being more profitable than if you were to invest all of your capital. 4. A good trader must adapt quickly. If trading were so simple that a trader could find one pattern and exploit it for a living, then everyone would be successful. But life is much more complicated: markets change all the time, and a pattern that was profitable can suddenly stop working. This is what a good trader should always be ready for: even the most reliable approach can stop making a profit and start bringing continuous losses. 5. Don't confuse winning/losing trades with good/bad trades. The thing is, there are good trades that make losses and bad trades that make profits. After all, the most wonderful and profitable trading strategy has a certain percentage of losing trades, but this does not make it bad. It is impossible to understand in advance whether a transaction will bring a loss or profit. But if trades are made in accordance with a trading system that has a positive mathematical expectation, then they will be good and correct, regardless of the amount of profit or loss. This is explained by the fact that trading with a positive mathematical expectation makes a profit over a long period of time. If transactions are made randomly, then regardless of the amount of profit or loss, they will be bad, because over a long period of time they are guaranteed to bring a loss to the trader. 6. Focus on methods that work and spend less time on methods that don't work. This advice from Clark is very commonplace, but many traders do not follow it. Very often you can find cases when a trader manages to find a successful trading style, but he gets bored and begins to make extraneous transactions, not quite understanding what he is doing. As a result, the overall performance decreases. In order to make a profit, a trader must focus on what he is good at and concentrate on those trades. 7. On the way to success, you need to make a lot of mistakes. Dalio argues that all your mistakes need to be studied and carefully analyzed - only this will help to achieve progress and achieve success. After all, each discovered and worked out error will improve your trading approach or find weaknesses in it. The trader will only benefit if he writes down on paper each of his mistakes, draws a conclusion in writing and writes down what adjustments he made to trading after that. You should not rely in such a business as trading, only on memory. Periodic review of the records will allow you to consolidate the acquired skills and prevent these mistakes in the future. It is impossible to completely avoid mistakes in trading. But the success of a trader is determined It is not the absence of errors, but their low frequency. 8. Make only those trades that you are sure of. A trader needs to have a considerable amount of patience in order to wait for trades that he is sure of. This increases the number of profitable trades. For example, a good trader is not bothered by having to do nothing for long periods of time. He does not make trades until he sees that it is possible to make a trade that suits his trading strategy. 9. Don't trade on a wave of euphoria. A good trader should not fall under the influence of euphoria or stock market hysteria. In general, excessive euphoria in the market is the first sign of an approaching trend reversal. 10. Watch how the markets react to the news. Market reactions to news may be more important than the content of the news. According to Piatt, during one of the transactions there was an endless stream of bad news. He expected that this position would close with a loss after every bad news, but the price, despite expectations, did not fall. As a result, Piatt decided that this (the fact that the market does not react to the news) confirms his trading idea, and increased the size of his position four times. This deal brought him one of the largest profits in the history of his work. Studying the markets, you immediately understand the huge scale of exchange trading. The main thing is that trading is equally accessible to everyone. One click - and you are on the stock exchange in New York, the second click - and you are already in Tokyo. These exciting journeys can bring not only pleasure, but also money.
COINBASE:BTCUSDEducation
by Crypto4light
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!
Editors' picks
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