Hello traders, today we will talk about Myths and Reality of Trading.
As you may already be aware, there are a lot of misconceptions that new traders encounter before they begin their trading careers. The following interpretations of those statements are presented on the layout:
1) The majority of individuals believe that trading is simple and that they can...
Hello traders, today we will talk about EMOTIONAL STATES OF A TRADER
#1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock.
#2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story...
Good day, traders.
I'd like to use this opportunity to advise both new and experienced traders alike that holding (hodling) your position is not recommended beyond a certain point. According to percentage calculations, the return required to recover to break-even increases at a considerably faster pace when losses grow in size (due to compound interest). It goes...
Hello traders, today we will discuss how to Avoid Fails Breakouts and Fails Breakdowns.
Have you ever witnessed a significant resistance level being broken and opened a long trade just before the market made a sharp move to the downside?
Have you ever entered a short position after seeing the price break-through support only to watch the market rebound?
You are...
Hi all, below is an article that I learned years ago and that has contributed massively to my trading success over the years and I would like to share with you. Due to the rules at tradingview, I cannot post the link so I will write it here.
When it comes to trading support and resistance is the name of the game and support and resistance comes right off the...
Symmetrical Triangle spotted on GBPJPY. Long entry on break of pattern.
You can find these Patterns across all charts. Mark out your areas of interest and monitor Price Action!
I see two main reasons which complement each other for the high rate of failure.
First and foremost, the media and the industry promote this idea that it’s easy to become a profitable trader and anybody can go it. This is, of course, not true. Theoretically, anybody can do it if willing to put the effort and approach it as a business. Practically almost nobody...
Second chart in my crypto life, made it with intensions to test my speculation about btc movement and pattern he fallows.
P.s still learning the ropes with chart drawing , expermenting with tools and ideas
