Happy New Year to everybody.
Here is my roadmap for financial year 2022. It is simplified version but generally it says everything about what to do.
Plan:
Everything starts from the plan. It is very hard to navigate financial markets without it. As markets move constantly it's very easy to get lost
or become controlled by emotions (fear and greed for...
Educational Video On Trade management,
Tribute video to my 700 followers on Trading view
Key concepts of this article were taken from the book “How to Make Money in intraday trading”, Guru Ashwani Gujral, which is a very nice book for new traders.
I was having a conversation recently with an old friend of mine and we were talking about money and wealth and why some people obtain it and others (most) do not. My friend asked me “What do you think is the main reason why only a small percentage of people end up wealthy in this world?” Whilst that is a somewhat loaded question that could take a while to answer,...
In most industrial countries the educational system was created not to truly teach students, but to generate good workers for factories and other companies. Yes, we want these highly trained individuals to be able to think critically and generate new ideas. However, we want them to be excellent employees who follow the boss's instructions. So, how do we do that?...
Last nights price action is a perfect example of the importance of correct risk management. All 3 entries taken last night ran to roughly 3% and then reversed.
Due to correct risk management all 3 of these trades resulted in Break even results instead of full losses.
Finishing the night at break even instead of -3% is not a huge difference $ wise but also a...
Last nights price action is a perfect example of the importance of correct risk management. All 3 entries taken last night ran to roughly 3% and then reversed.
Due to correct risk management all 3 of these trades resulted in Break even results instead of full losses.
Finishing the night at break even instead of -3% is not a huge difference $ wise but also a...
Maximise your Day Trading Profits 5X | Apply this trade management system to hold trades all day without much effort
In this video I'm going to share with you a trade management idea which would allow you to trade and hold the trade from the start to the end of the day trading session.
The Chart I'm using is US30 / DOW30. The Time frame for day trading would...
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea.
See below for a step by step guide on how we entered this trade and what we looked for.
Goodluck and trade safe!
SAVE THIS!
This are two of the best entryes on uptrend and downtrend counter.
The best thing to do is to wait for the price to give you the confirmation before entering the trade.
OANDA:XAUUSD
We all try to find the strategies which offer best possible win probabilities.
Yet, we often overlook another crucial component of increasing your odds of winning => risk management.
Today, I am going to show you how you can use a simple risk management trick to tilt the "Math" in your favor.
Would you like to increase the output of your strategy by 25% without...
We have been posting potential bullish trading signals on Gold and the ways in which to enter this trending market of late, as the probability for these has been very high.
Now, the market doesn't trend in a straight line, so when we saw the price in Gold make its way to the $1900.00 level we looked to see if we could get any confirmation selling signals for a...
This is a Long Swing Trade I have open using the Elliott Wave Indicator from W5T on the TradingView Platform.
The setup and entry for this 5th wave trade was text book in that:
1. The Elliott Wave Oscillator pulled back between 90% and 140% during the 4th wave profit taking pullback
2. The False break out stochastic crossed over in the over sold zone during...
Every trader has got himself into a loosing trade. This is simply the part of this game. You will never be able to predict every move correctly. The biggest thing that separates a profitable trader from an unprofitable trader is actually not better technical analysis or more experience. The biggest factors in my opinion are trade management and risk management....
Hello, friends, today we are talking about STAGES OF TRADER's FORMING 👊🏻👊🏻
💡() - Link for good view!!!
Professional growth involves going through several stages.
🔥 1. Unconscious incompetence
💡 randomly opens and completes transactions without a specific trading system;
💡 doesn't care about risk management;
💡 often changes the direction of trade on the...
This is something about Trades Management (How to manage your existing position)
1. If the trade went well ( You are in profit ) , When Reward / Risk Ratio hit 2:1, Close Half position. (You can also close all, if you feel good enought to take all the Floating Profit, but you will have the opportunity Cost of not be involved in the next trend , Hard to decide?...
Here is an essence of good trade management and mindset that I accumulated over several years.
I hope it will be useful for the 'less experienced'.
Please always use sound money and risk management in all your trades.
Good luck!!
Hello traders
Let me highlight what the BEST Trade Manager can do for you.
The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios.
We made it as such the visual rendering is also very nice on mobile devices.
Reviewing:
- How to connect your own...
Before I get into this it is important that you know the points A and B are not valid wave tags but are only on the chart for illustrative purposes.
When I first got into the markets, I found myself sticking to a bias based on any first sign or pattern I found on the chart. The beginning of my forex journey is a story full of losses and blowing of accounts. But...
![EURUSD: [Risk Management trick] Tilting the "Math" in your favor!](https://s3.tradingview.com/a/aq9gfHHi_mid.png "[Risk Management trick] Tilting the \"Math\" in your favor!")
