As discussed in our previous post, a well-defined trading plan is your invaluable compass, navigating you through the ever-shifting tides of the financial markets. It's not a rigid set of rules, but a dynamic roadmap that evolves with changing market conditions.
Defining Your Trading Goals
Your trading plan begins by clearly defining your trading goals. What do...
Mastering the Mindset: A Comprehensive Guide to Trading Psychology
Trading in the financial markets is not just about analyses and strategies; it’s equally about mastering one’s mind. The importance of trading psychology is often underestimated, yet it plays a pivotal role in shaping trading decisions and outcomes.
This comprehensive guide delves into how to...
Hey traders,
In this post, we will discuss 3 simple and profitable types of a triangle pattern.
1️⃣ The first type of triangle is called a descending triangle.
It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend.
Setting a new higher high the market retraces and sets a higher low, then bulls start pushing...
Hi.
✅Using technical analysis and fundamental analysis at the same time:
By combining technical and fundamental analysis, you pay attention not only to the patterns and behavior of price action traders in the past, but also to the fundamental and economic factors that act as the driving engine of market movements (macroeconomics). Together, these two approaches...
Hello TradingView Family,
I've been doing some thinking lately about trading and how it surprisingly shares quite a few parallels with the sport of boxing.
It might sound a bit unconventional, but bear with me - there's more to it than meets the eye.
🥋 Strategy is Key: In both trading and boxing, success is heavily dependent on strategy. Boxers carefully plan...
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...
In this article, I want to talk about the interesting similarities between trading and detective work. Like detectives solve mysteries to find the truth, traders explore the market to understand patterns and make smart decisions.
1️⃣ Gathering Clues:
Both trading and detective work rely on the acquisition of timely and relevant information.
Traders stay...
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...
In the comments below, share the best trading advice that you've ever heard. This could be an intelligent quote you heard or read. It could also be a piece of advice given to you by a family member or friend.
Let's create a collection together!
We'll also be gifting exclusive and limited edition TradingView shirts to 5 lucky comments! Please keep in mind that...
Trading and investing are two approaches to the financial markets, each with distinct characteristics and objectives. While both involve buying and selling financial instruments, understanding the differences between traders and investors is crucial for anyone looking to navigate the markets effectively. This article will provide an in-depth comparison between...
BINANCE:BTCUSDT
The proper attitude and understanding of trading principles are fundamental to achieving success in the trading world. This article is aimed at aspiring traders who want to thrive in this field.
Trading is a probabilistic game , where outcomes are based on probabilities, either happening or not happening. It's crucial not to have rigid...
As it is said, A strategy is a reflection of a trader’s character . Whatever sentiments/emotions you have, reflect in your trading decisions. At first, people think that, ‘I will use xyz indicator and buy here and sell there’, thinking it’s easy to have a method that is simple. But when reality hits, all the simplicity runs out of the window with your money....
This topic is so important, that´s why I wanted to share it with you and hope I can reach as much people as possible. Hope it will help some :)
I saw in the last years many who crashed their accounts very hard, they lost a lot of money and for some it was very dreadful!
It is hard to watch this people how they burn money and bring even his own family in...
Hey traders,
In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle.
Key properties of this pattern:
🔑 Engulfing candle is a reversal pattern.
🔑 Engulfing candle can be bullish or bearish.
❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or...
Hey traders,
Breakout trading is one of the most popular trading strategies.
Being quite simple in theory, it remains quite complex and complicated in practice.
In this post, we will discuss 7 steps every breakout trader must follow.
💬And just in brief about a breakout trading itself:
this method aims to spot a key level (it might be horizontal...
Our mind's, is our greatest gift as a human being, yet most people use their mind to create unnecessary suffering.
How our minds work is fascinating. The brain can be our best friend or our worst enemy.
Our mind is the problem. Our mind’s core objective is to keep us alive and avoid pain. We are automatically wired to think in a way that keeps us alive.
This...
Are you torn between choosing a job and getting into trading? Both have their advantages and pitfalls, but by combining the two, you can reap the rewards of both worlds.
🚷Firstly, let's consider a traditional job. A job offers security, stability, and a predictable income. You work for a set number of hours, and you receive a paycheck. You have employer...
Trading on margin offers a variety of potential benefits, as well as some additional risks, including margin calls. This lesson explains margin calls, your obligations, and what you can do to help avoid them.
A margin call is a demand from your brokerage firm to increase the amount of equity in your account. You can do this by depositing cash or marginable...
