I decided to apply the Wall Street Cheat Sheet to a chart of the S&P 500 during the Dotcom crash. It is impressive that it still works and holds so many lessons.
The question you should ask yourself is, where are we now?
Let me know your thoughts in the comments below.
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Understanding the implications...
Mastering the Mindset: A Comprehensive Guide to Trading Psychology
Trading in the financial markets is not just about analyses and strategies; it’s equally about mastering one’s mind. The importance of trading psychology is often underestimated, yet it plays a pivotal role in shaping trading decisions and outcomes.
This comprehensive guide delves into how to...
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL videos here are for...
Three golden rules of trading
1. Learn when to stay out of the markets. This comes from the principle that it’s almost always good to do the contrary of what beginners do. Think for yourself, beginners tend to always search for an entry and predict any kind of price action, even the choppiest one. The truth is, sometimes markets are in condition when it’s just...
The video is long, feel free to use speed settings :)
Thanks for your interest in the last post about the Major mistakes traders do.
Now let's talk about coping emotionally with losers. This is Part 1.
📖We all know this feeling, it feels awful, hopeless like something very valuable has been taken from us, like it destroys our work and plans and it feels BAD.
Who...
Logarithm. The time interval is 3 days. Cryptocurrency as an example. Cryptocurrency with high volatility (low liquidity) for dump/pump strategy.
Primary trend — horizontal channel.
Secondary trend — descending wedge.
Local trend — consolidation after a wedge breakout.
Line chart without “market noise” (volatility, squeezes).
Immediately want to...
The main purpose of my resources is free, actionable education for anyone who wants to learn trading. Consider following the attached links for improvement of your mental and technical trading skills - learn from hundreds of videos featuring the real story and growth of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad...
☝️Dear traders, no one here has superpowers, and I'm just a human after all. Please take everything with a grain of salt. I'm sharing my view and one of the possible scenarios of price action, but mostly - my direct experience. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with...
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Have you ever wondered what it takes to be a good and profitable trader? Have you wondered how long it will take before...
Happy New Year Everyone 2024:
Let's first talk about CHFJPY then we will talk about how you can improve and learn some tips.
CHFJPY in last six or seven months price overbought heavily due to JPY poor performance and government's zero intention to interfere in the market. However, many reports suggests that JPY will likely to be rebound in first quarter of 2024...
Introduction:
Day trading is a controversial modality that involves short-term operations on the stock market. Many people are interested in this way of investing, but they do not know that it requires a very rigorous behavior and discipline. In addition, there are several myths and truths about day trading that need to be clarified. One of them is that large...
What is FOMO?
FOMO, or the "Fear Of Missing Out," is a pervasive apprehension that others might be having rewarding experiences from which one is absent. This social anxiety is characterized by a desire to stay continually connected with what others are doing. It's rooted in the human instinct to be part of the tribe and not to miss out on opportunities for...
The difference between a gambler and a player, as well as the similarities between a player and a trader.
The player and the gambler are very often confused; if we are talking about gambling itself, then this is a psychiatric problem. If you come across conditional roulette, then you will always catch the trigger, absolutely every time it will cause the same...
Today I want to make a post about influencers and the crypto market.
The most important thing for you to understand is that no one, absolutely no one can know the future. People who share ideas on any social media are ordinary people who analyze the market just like you. The only difference is they post it on social media.
No one anywhere ever says and has...
I am here with a unique topic. It is about a psychological trading trap called the cycle of doom. What got me interested in this psychological topic? Well, there are very few articles about it. You can count them on one hand, and more than 90% of traders are losing money.
Most traders find their method of trading. What stops them from becoming profitable traders?...
Imagine an investment as a journey with twists and turns. Knowing its different stages is like having a map for investors. It helps them decide if they want a thrilling ride with big potential rewards or a smoother path with steady stability, based on their comfort with risk. For investors, understanding the life cycle is crucial because it directly impacts the...
Overtrading is a common issue in trading and can lead to significant losses. It occurs when a trader excessively opens and manages positions, often due to psychological and emotional factors. To avoid overtrading, consider the following strategies:
Establish a Solid Trading Plan: Having a well-defined trading plan is crucial. Your plan should outline entry and...
The psychology of trading presents one of the most significant challenges, especially for day traders.
Initially, when individuals enter the world of trading, they primarily focus on profit. Their thoughts are consumed by calculating how much they can earn. This focus on profit is entirely valid, as trading is, ultimately, a means to make money. However, the...
