There is a set of questions to ask yourself before opening a transaction and we will talk about some of the common ones.
1) Are my entry criteria met?
Undoubtedly, everyone has his own style of trading. Entry and exit strategies should be included in each and every trading plan there is. Only if the entry criterium is met, should we enter a position on any...
Do you feel excited? 😅
This is why. It's all down to the chemical reaction in your brain. Dopamine.
Dopamine is a chemical in the brain that makes us feel good.
Should you be feeling excited when trading?🤔
No.🙈 As this isn't gambling and shouldn't give you the same dopamine rushes like a gambling win does.
What's starts as initial excitement will move to...
Setting a Target Profit is an inalienable part of every individual's trading strategy, and each trader has his own plan and tactic of integrating a Target Profit into his or her trading style. While there are different ways and types of setting up a Target Profit, we are gonna go through four common and most well-known ones.
1. Key zones
Setting a TP at a...
Today is a big day for us, as two years ago, on the 6th of June in 2020, we launched our company in attempts to be a valuable contributor to the trading industry and help all types of traders: beginners, advanced traders, those who are lost in the journey and so on. However, our personal trading experience goes way back, as we have been trading for more than five...
It's time for my mid week educational post.
Today I want to talk about the three pillars needed by all traders for success in the markets.
This isn't just the forex market either this applies to trading all financial markets.
Be it forex, crypto or stocks, so lets get into the the three pillars of success.
PILLAR NUMER ONE- STRATEGY
You MUST have an...
Hello to all members of TradingView and my followers.
I tried to explain the stop-limit order to you briefly in this post. I hope you enjoy it.
If it is helpful to you, please like it.
If you have a comment, I'll be happy to know.
Respectfully.
We've all done it.
At some point in your trading journeys bad habits set in.
Here is my four trading habits you've got to kick in order to stay profitable.
1. Overtrading
We all been there with this one.
We think we have to be in the market all the time.
We don't and its okay to be flat at times.
No strategy should have excessive trade volume.
More time...
Time for a educational post from me.
At some point as traders we have all had the thought of how long will it take to double my account.
The rule of 72 is the easiest way to work that one out.
The rule of 72 is a handy mathematical rule that helps in estimating approximately how many
years it will take for an investment to double in value at a specified rate of...
The more confluences you have, the more confident you are in the fact that your technical setup will play out according to the plan. Confluences come in different shapes and styles, whether it is combining some Moving Averages and Bollinger Bands with price action, or having your grandma flip a coin a decide the faith of Bitcoin.
On the graphical illustration...
What we study in the books is always different from what we have in real life. For example, French language that people learn and exercise in textbooks is slightly different from the French that we speak in France, as we tend towards using informal language and slang phrases. Same rule applies to trading, as the market is not 100% accurate with what we have in the...
Trading is a one big system that consists of various different components: technicality, psychology, money management and so forth. The most difficult one out of all the elements is definitely psychology. Human psychology is a perplexing system that studies our mental process and behaviour. Our behaviour and mood rely on multiple internal and external factors. In...
"It is a marathon, not a sprint". One of the statements that perfectly describes trading. But what does this proclamation really mean? I quote William Shakespeare: "Go wisely and slowly. Those who rush, stumble and fall". Great things take lots of time. 90% of all people get false expectations about trading before they enter the industry. They think it is a...
The pair in question and four winning trades allows me to cover a subject I've wanted to touch on.
That subject is asymmetric compounding.
Asymmetric compounding is a money management strategy that can accelerate the equity curve of an account.
But you need the right strategy and data available to back up using asymmetric compounding.
Higher the win rate the...
Good time of the day, dear TradingView family! Welcome on another educational post by Investroy. Today we are gonna be talking about Stop Loss hunting. We will scrutinise what it is, how it happens and what's the logic behind it, and how to possibly avoid being "liquidated".
Have you ever had the price trigger your Stop Loss before impulsing all the way to your...
Hey, family! Good time of the day and welcome on another educational post.
As we all know, the road that leads to successful and consistently profitable trading is a pretty difficult and long one. It takes years of hard work, patience, dedication, and experience to reach the top of the trading mountain. Many beginners make similar mistakes before starting their...
Risk Management, alongside with discipline, experience and skillset, is one of the keys to unlock the doors of successful and profitable trading. As it can be inferred from the table, even with as low as 40% win rate, it is more than possible to stay consistent and make nice returns, as long as risk management principles are followed.
*We used 30 pips Stop Loss...
Hey, wizards! Happy time of the day.
It's Friday, so we have decided to have a little bit of fun and put out a Trading Alphabet, or in other words, which trading-related tools, securities, phrases do we associate with each and every letter in the Latin alphabet.
Do you agree with the list? What would you add or modify?
Happy upcoming weekend and big love to you...
Good time of the day, dear TradingView family. Happy new month! May March bring you lots of happiness, love, and profits.
Today we are gonna be doing a quick reality check and scrutinizing a long way every trader goes through before becoming successful and consistent.
All beginning traders get super motivated and excited before beginning this long journey....
