Turtle Trading: System, Rules, and Strategy In the 1980s, the Turtle Trading system was born from a debate about whether trading skills were innate or could be taught. Richard Dennis and William Eckhardt decided to train novices in their trend-following trading strategies, thus giving rise to the Turtle Trading system. This article explores the Turtle system,...
How Information Bias Can Affect Your Trading Decisions Split-second trading decisions can make or break portfolios, and information plays a key role in this. Traders rely on vast amounts of data to make their choices, but what happens when that information becomes tainted by bias? Information bias — the tendency to favour one piece of information over another...
Today, I want to examine a new Telegram game that has become very trending and see if the Hamster Kombat project can be another Notcoin(NOT) . You have probably heard about the Hamster Komba game in the past few weeks at work, school , university , and in the family (maybe even the notification of people joining your contact in Telegram is a lot for...
Today, I want to introduce you to another Tap-To-Earn project and see if it is worth your time. In the previous articles, I explained Notcoin and the Hamster Kombat project. If you have time, take a look at these articles. The name of this project is Blum . Please stay with me. ----------------------------------------------------------------------- What is...
No matter the size of your deposit, begin trading with small amounts: $10, $100. As you gain experience, you can increase your deposit, but be ready to lose it. This will help you understand market participant behavior. - Trade only with funds you can afford to lose; losing them shouldn't affect your quality of life. - Don't rush to leave your main job; let...
Hello, The importance of rules cannot be underestimated in any business. This must not be different in trading/investing since it must be viewed at all times as a business. Below are my rules as a wave trader. Wave trading is a trading strategy that combines technical analysis with Elliott Wave Theory to identify and predict future market movements. This...
The Famous Monkey Story in Every Market! Once upon a time, a rich man from the city arrived in a village. He announced to the villagers that he would buy monkeys for $100 each. The villagers were thrilled, as there were hundreds of monkeys in a nearby forest. They caught the monkeys and brought them to the rich man, who paid $100 for every monkey they gave him....
Greetings Traders! In today's educational video, we will delve into the concepts of premium and discount price delivery. The objective is to provide you with a comprehensive understanding of institutional-level market mechanics. Before we proceed, it is crucial to define what we mean by "institutional level" and "smart money," as these terms are often...
Hello, my name is Saman Jalilian, and today I'm going to teach you the best way to use chart patterns 📊. One of the most common things you encounter when learning technical analysis and trading is chart patterns, which are frequently seen on the charts. However, we can't just enter a trade by merely spotting a pattern. To effectively use them, we need to follow...
Dunning-Kruger Effect in Finance The Dunning-Kruger effect, a psychological phenomenon named after social psychologists David Dunning and Justin Kruger, examines the cognitive bias in which people with low ability to perform a task overestimate their capabilities. This effect was originally identified in a study in 1999. The cognitive bias has far-reaching...
This post is inspired by @TradingView's rebranding in 2021 and the recent Leap competition. At first glance, trading and rock climbing might seem worlds apart. One involves analyzing market trends, while the other requires physical strength and agility. However, both pursuits share surprising similarities, highlighting unique skills and mindsets. Here’s a look...
In this video we will demonstrate how to select time frames on a chart, how to access different chart types, indicators, and drawing tools.
This instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator. Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement...
💡 The cryptocurrency market is a realm of endless opportunities, where prices can fluctuate wildly, shooting up 5-10% in a single day in either direction. This volatility can be both exhilarating and intimidating, as it can either wipe out investors or leave them with a quick windfall. However, not everyone is suited to navigate this fast-paced landscape. For...
Understanding Cryptocurrency Wallets What is a Cryptocurrency Wallet? When we think of a wallet, we usually imagine a pocket accessory holding cash and cards. However, digital currencies don't exist in a physical form or specific location. Cryptocurrencies, account balances, and transactions exist on a blockchain. What is Blockchain? Blockchain is a term...
I took a look at the weekly gold/silver ratio and noticed a few significant patterns. For example, there was a notable acceleration downward following the break of a 3-year uptrend a couple of weeks ago. Additionally, there is support at the 74.65/63 level, which has been in place since January 2022. This observation reminded me of the importance of examining...
hello guys... Before anything you should know I don't follow the exact fibo level and strict rules to find patterns! Only the generalities of the subject matter to me. rules: - a sharp movement - three-five drive one after the other - the correction waves don't engulf the last correction - always a divergence (rsi) helps let's see some examples
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Intraday traders aim to either purchase a cryptocurrency at a low price and sell it at a higher price or short-sell a cryptocurrency at a high price and buy it at a lower price within...