Trading is simple, but not easy. Traders have difficulty succeeding simply because they are unable to follow clear rules over extended periods of time. So what are the rules that every trader should follow? (in my opinion) 1- Only invest what you Can Afford to Lose. Only invest money you can afford to lose, never ever borrow money or take a loan from the...
The Most Common Emotions For Traders J: Joyful Traders feel joyful and happy seeing the security hit a new high. H: Hope Traders hope the uptrend will resume after the other traders stop profit-taking. S: Scare Traders are scare and worry that the price will continue to drop. Traders have to make a difficult decision to sell at a loss or hold on to the...
So long as your feelings dictate your trading, you will feel as chaotic as the markets.
There all all these stages, 14 in total, but this is too detailled. Good to know and try to guess but no one is going to get them right. It is better and more accurate to see the market in 4 cycles, or 6 if we separate the top & bottom. Market participants go through those emotions every time, with stocks, gold, crypto. Speculation in currencies and commodities...
All the middle age dudes that were worried that they don't have the fresh quick mind of younger players can rest assured, they are not disadvantaged, it is the other way around. Everyone has heard 1000 times that what made a trader/investor was being wise, or another way to say it is rational, or not emotional. It's not having quick reflexes or being young or even...
Hello, I wanted to write about these 3 subjects, I have alot on my mind but I'll try keeping it compact and clean. 1- Ultimate Ignorance * People are persuaded the stock market will always go up. Why? They expect to all become rich with absolutely no effort like magical money will just appear in their pockets. Even a woldwide index isn't completely safe,...
so this breakdown shows 2 outcomes and what is possible in both situation and your trading psychology behind both sets up ? can you accept this 1% loss knowing that this trade shows and lines up with the higher time frames ? and seeing how we got there with some strong momentum would this put you of this trade ? biggest issue behind trading falls from your...
When things are great, we feel that nothing can stop us. And when things go bad, we look to take drastic action. Because emotions can be such a threat to an investor's financial health, it is important to be aware of them. This awareness can then protect you from the negative consequences of impulsive and irrational reactions to these emotions. 1: Optimism,...
Lately, there has been a lot of buzz about BTC! Will it breakout or not? In the end, it did not as we predicted with the accuracy of a surgent in our most viewed post till now that you can find in RELATED IDEAS. Here is a nice school example of how ETH does the breakouts and probably similar pattern will be played in the near future. We will write more about that...
mrwizard
Lesson 7 Trade Outcome is Random The outcome of any given trade is random, no matter how strong your edge is. It is impossible to predict whether a trade will result in a loss, decent profit, or a windfall profit. Contrary to what most Price Action traders and price analysts believe, you cannot and will never be able to predict the market. Most amateur...
Overcoming Emotions Most traders want to "overcome" their emotions. They view thoughts and emotions as the enemy which prevents them from succeeding in the market. This is a false perception. Yes emotions and thoughts can lead to actions in the market, but they are impossible to remove. So long as you are human you will have emotions and thoughts. There is...
Let me know what you guys think about my german accent - Im working on it. Hope you enjoy the video.
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Money Management/Psychology Cycle of Market Emotions The Upturn • Optimism: The normal financial specialist enters the market feeling hopeful. They may likewise have elevated requirements for the profits in which they are involved. • Excitement: When the market goes up, the desires begin to end up noticeably a...
Hey my friends, here another educational Video for thise who can`t make money in the long-run! This is especially good for beginners and advanced traders who can`t make profit. I hope you enjoy it! ;-) Peace and happy learning Irasor Trading2ez Wanna see more`? Don`t forget to follow me! Any questions? Need more education or signals? PM me. ;-)
Introduction to Trader Psychology There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a...
This is about psychology - that 'no-go' area. In this video I explore negative emotions from different aspects. I look at how emotions are connected to risk and risk management. Avoidance is connected both to risk and emotions. I say that the biggest part of trading is about separating emotions from the objective assessment of risk
I'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30. A lot of news is late and people who create news items or blogs have their own biases, based on the information they...