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...
In the fast-paced world of day trading, staying ahead of the curve is essential.
If you appreciate our charts, give us a quick 💜💜
Here are ten time-tested strategies to guide your journey towards trading success:
1. Craft a Concrete Plan:
A meticulously planned strategy is your foundation. Clearly define what, how much, and when you will trade....
When analyzing the crypto market, we often use the concept of a "market narrative." However, it's essential to understand that these narratives are not solely shaped by price movements and chart manipulations but are also influenced by external factors.
In the world of cryptocurrencies, this market is significantly different from traditional financial markets. It...
1. A bad trade or a string of bad trades doesn't mean anything.
2. Don't focus on the last deal: it has nothing to do with the next one.
3. Always follow the trading plan: in good and bad times.
4. Focus on one trading pair.
5. In this business, losses are inevitable: in order to succeed in trading, you need to learn to accept risks. Reducing risks will help...
In the realm of trading, success isn't solely derived from intricate technical analysis.
Surprisingly, the key to triumph lies in an unconventional ratio: 20% technical analysis and a staggering 80% blend of emotions, discipline, psychology, risk management, and money management.
If you appreciate our charts, give us a quick 💜💜
The 20%: Technical...
Fear is a natural human response to potential threats, serving as a vital psychological mechanism that safeguards us from danger.
This reaction shouldn't be a source of shame, yet it's also crucial not to let fear dominate every aspect of life. Excessive worry about potential outcomes can lead to a diminished quality of life. However, fear can also be a valuable...
When it comes to trading, it's often said that success is not just about having a winning strategy; it's equally, if not more, about mastering the psychological aspects of trading.
when i started trading , I struggled with this concept, and it led to blown accounts, financial losses, and a destruction my mental health. However, through perseverance, reading books...
Drawing inspiration from the timeless wisdom of Marcus Aurelius, this guide distills ancient Stoic principles into modern trading strategies. Dive in to discover how to strengthen your trading mindset and unlock your unique edge.
1. On Emotion and the Markets
Remember: The markets are indifferent to your emotions. Anxiety, joy, desperation – these are...
FOMO is the lost profit syndrome.
Now it is especially common due to the popularity of smartphones and social networks. Many are simultaneously afraid of social isolation and worried about lost opportunities. A similar situation is possible in trading. As soon as traders see a bullish trend, they start opening trades and buying those assets that match their...
Created by an economist in the 19th century, the Pareto Principle has found its way into all different areas of life and is still used to this day. The basic idea is that for many systems, 80% of the effects come from 20% of the causes. In other words, a small number of factors have a large impact on the results.
This post will go into further depth on this...
