"Cut your losses short, but let your winners ride!"
We have heard that quote, one and a million times, it's one of the first things you hear when you start trading, a quote almost as known as
"Buy low, sell high"
And why is it so important and so widespread?.
The reason is pretty simple: You need to make more on your winning trades, to compensate all your...
Complete Routine:
06:30: Wake up – My Morning Routine Starts
I just get right up and start my day. Don’t hit the snooze button!
06:40: What’s My Daily Report Card Goal?
Each day my trading journal includes a specific goal that particular trading session, concrete actions that I’ll take to achieve that goal, and self-evaluation at the end of trading to gauge...
In this article, we will expand the notions presented in the first part of the series. If you haven’t read the first part, you can check it out below in our related ideas section.
We define risk as to how much you’ll lose per unit of your investment if you are wrong about the position. We called this in the first part initial risk (1R) . All your profits and...
The Dow Theory is the core of contemporary technical research. Its premises have stood the test of time and underpin the study of market behavior research. The basic principles of Dow Theory and their importance in today's markets will be discussed in this article.
Origins and History of the Dow Theory
Many of the early studies that contributed to what is now...
As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time.
As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers...
Do you know what’s more important than winning in trading? It is knowing exactly why you actually won . Why? So that you can do it constantly. Needless to say, it is equally important to know why you lost when you lost.
The successful trader is constantly winning money, no matter the conditions. The economy may be in recession … or not … Algorithmic trading...
Things I ask myself before a trade:
1 What's the market structure, range or trend?
2 Where are the major SR areas?
3 Can I lean my stops against SR?
4 Where would opposing pressure come in?
5 How is price moving, chop or clean?
6 Volatility expanding or decreasing?
1.breakouts may fail
2.pullbacks may never come
3.pullbacks might become reversals
4.confirmation may be too late
5.you don’t need perfect entries
Hi guys..its the latest analyze chart .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
"Many are called, but few are chosen". Ever heard this proverb?
This is certainly true for trading, in fact, there is even a rule in trading about this, the 90-90-90 rule. So what does this rule say?
"90% of traders lose 90% of their money in 90 days"
😱😱😱
That's right, statistics show that 90% of people who start trading lose the majority of their money in less...
1-listening to others
-you don’t know their trading plan
2-strategy hopping
-focus on one trading method
-learn more about the trading method
3-tweaking one strategy
-develop new strategies instead
4-thinking in terms of absolute
5-comparing yourself to others
if you are interested any crypto that you want analyze with me and any questions please do not hesitate...
Hi traders, wish you a happy and prosperous New Year.
In the last EDU post, we touched on the main factors that move currencies in the short, medium, and long run. Professional traders follow these influences to determine what currencies to buy and sell.
However, each trader has its own time horizon, so following long-term market determinants if you want to hold...
In this post, I’ll be going over the 15 types of financial market participants as listed above.
You want to keep your friend close, and your enemies closer. As an investor or a trader, jumping into the market without knowing what these entities are doing is like jumping into a battlefield with just a stick in your hand.
So understanding the roles of each of these...
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FLAG pattern Definition:
A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole.
A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction.
After an uptrend, it has a downward slope. After...
FLAG = Impulse + Correction
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After a significant drop in Bitcoin price , the price is in a correction wave.
What makes the chart interesting today is that:
. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area.
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection ,...
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Descending Triangle Definition:
A Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high.
It is defined by two lines:
. A horizontal support line running through valleys.
. A Downtrend line drawn through the peaks.
The lower highs indicate...
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows...
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows...
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Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two...
