The escalade of failure in trading ! : 5 reasons why most of traders lose their money ! Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation Reason 3 / Step 3 : The "AVERAGE DOWN" disease Reason 4 / Step 4 : The "RISK EVERYTHING" game Reason 5 / Step 5 : The "I SWEAR IT WILL NEVER HAPPEN...
The escalade of failure in trading ! : 5 reasons why most of traders lose their money ! Reason 1 / Step 1 : The "I DON'T ACCEPT LOSING" syndrom Reason 2 / Step 2 : The "I MOVE MY STOP LOSS" temptation Reason 3 / Step 3 : The "AVERAGE DOWN" disease Reason 4 / Step 4 : The "RISK EVERYTHING" game Reason 5 / Step 5 : The "I SWEAR IT WILL NEVER HAPPEN...
This is a quick example of how I use the 8 EMA and the Wavetrend Oscillator together. Please remember that reading the candles is 99% of it, and everything else is just lagniappe. Happy Trading, Charles
Keep this in mind. Only one trade without stop loss can burn your capital. A stop loss is an indispensable tool allowing you to limit your losses. It is also a level from which you feel that your scenario will not happen anymore. It is mandatory on every position if you want to keep your money safe. See it like an insurance policy. In case the trade is going...
Quick video this evening to highlight how patterns typically repeat themselves not only within one part but many pairs. Whether in crypto, forex or even in stocks. I like the acronym KISS - Keep It Simple Stupid. While my charts may look a mess, I try to keep them very simple and clean without any indicators other than price action, a few moving average and...
Risk Management (RM) is a heavy part of trading any asset class. What amount of risk or loss are you willing to take? And how do you limit your losses? In my years of technical trading, risk can be limited by the entry point, buying close to support and selling upon the break of said support. This works both ways, up and down. Up and down you say? What does that...