Less is more... And this is just a summary of the most common 4 types of Gaps you may see,...
1. Break-away – Breaks out of a current trend
2. Exhaustion – Ends a current trend
3. Runaway – Runs in the direction of the trend
4. Common – Just an ordinary gap
Can you think of any more gaps?
BIG TIP OF THE DAY:
If you want to ride up winners, lock in profits and reduce losers here is what to do.
1. Place your Entry Stop loss and Take profit
(But have a TP 2 and TP 3 in place).
2. When the price approaches TP 1
(Close half of your position and move your stop loss to Breakeven)
3. When the price hits TP 2
(Close half of your position and move...
It is an innate habit to make excuses in life.
We make excuses because it is the easy way out.
And let me tell you.
With trading, there is no EASY way.
As I like to say trading is the easiest hard way to make money.
It starts with NOT making stupid excuses such as:
Excuse #1: “I don’t know enough about the markets – so I won’t trade yet”
People don’t...
Whether you are just getting started or you’ve been on your journey for a while now, you’ve probably discovered that day trading is not easy. You’re putting your hard-earned money on the line and facing new challenges daily. That said, every challenge you conquer takes you one step closer to your ultimate goal.
Small behavioral changes can have profound...
Story time…
One of the greatest success stories of all time, is with the company which is based on the glorious golden arches we still see today.
Mc Donalds…
It all started in 1940 where, two brothers, Maurice and Richard “Dick” Mc Donald’s made a small fortune selling hamburgers in San Bernardino, California…
They took a product and an idea and turned it...
Most people take the easy road of being in a Comfort Zone.
For this reason, they keep getting the same results and remain in their ‘uncomfortable’ position in life.
Think about it…
Those that don’t understand new things, never adapt to something that could change their life for the better.
Those that keep earning the same old salary, never grow their...
From the second you turn on your computer, to the time you press buttons commit your funds into your trades and close your computer.
You are making your own choices.
Do you choose this?
Do you follow that?
Do you go against this?
Do you type that?
So technically, your financial future success lies all in your fingers.
In this TradingView piece, you need to ask...
I came up with a corny slogan in 2013.
“Wisdom Yields Wealth”.
Well, today I came up with another corny slogan but relevant to today and this year.
“Wisdom Yields Health”.
As you know, health is the greatest wealth of all when it comes to your:
Physical appearance
Mental cognitive thoughts
Important decision making
Longevity
In 2023, health is everything...
Trading can be a lucrative and exciting venture, but it can also be overwhelming and risky for new traders. Whether you are interested in stocks, forex, or other markets, there are some important tips to keep in mind as you begin your journey as a trader. Let's outline some of the top tips for new traders.
Start with a solid education
The first step to becoming...
Profit fixation
There are three main profit-taking strategies:
1. Fixed RR (1:2, 1:3RR).
2. High RR (1:10RR and above).
3. Partial profit taking.
Fixed RR.
When trading with a fixed RR, the trader ignores the situation on the chart and places a take...
Integrity…
It’s what gives you certainty, confidence and trust for yourself.
It’s what tells you, you can do it.
It’s what makes you leap forward in life.
And it’s what earns you self respect.
With trading, you need to achieve self respect, to help feel more assertive with the trading decisions you make.
In this short letter, I’ll give you some actions...
Biases that influence your investment decisions
Most people who invest in the stock market don't reach their goals. The top 1% of investors can double or even triple their returns from the market.
Reason: how investors think
How this article will help you avoid these biases: * Awareness -...
Trading is NOT for everyone.
Not because they can’t do it, or because it’s hard – but rather…
Trading is something that only a few will feel passionate to do for the rest of their lives…
I say this because there are many things that I could do well in, make a huge income from, but I unfortunately don’t enjoy.
For example, Poker, horse-racing and sports bets,...
Why are only 10% of traders successful?
The popularity of exchange trading is growing rapidly today, but experience shows that only 10% of those who come to trade end up making a profit.
Barrier N°1
Laziness and unwillingness to learn.
Frankly, most people who want to profit from stock trading do not want to learn this. They feel sorry for the time to master...
TOP 15 Trader's Mistakes
1 - Lack of knowledge of market operation, technical and fundamental analysis, mass psychology and market cycles
In the boom period, when a large number of new participants enter the market, many people believe themselves to be the "god of trading" and the "master of the markets."
Beginners are satisfied with a 10-20% profit during...
A drawdown is a period of decline in the value of a portfolio. This is where you take a number of trades, and the losses drop the portfolio at a marginal level (if you know what you’re doing).
During these times, the market is typically more volatile (jumpy) and unpredictable.
And so you have a higher chance to risk money in unfavourable times.
Risk less with...
How can traders create a balance between intellect and emotion?
In trading, rationality and passion are two sides of the same coin. Rationality helps us make educated and reasonable trading decisions, but unbridled emotions may be harmful. How do traders strike a balance between these two factors?
- Understand your emotions and their influence on your trading...
As a trader, you must approach the market with humility and an understanding that you are at its mercy.
And so you need to remember that the market, doesn't know you, doesn't care about you, and doesn't work to reward you.
Let’s break that down.
The Market Doesn't Know You
The financial market (Mr. Market) is a complex and dynamic system that is influenced...
