Bitcoin Long, this is a trade offering a R:R 2:1, target around $6,000
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
Comment:
Winning trade closed 5962.
Comment:
VERY FEW, IF ANY, would have taken this long trade and sat just watching as their underlying trading is based on FEAR & GREED, not OBJECTIVITY. Be honest with yourself, was that you?
90%+ Will fail (blow up their accounts); 5% will have breakeven results, 3% will have some minor sucesss; 2% will have great success (note: these are arbitrary figures, I have learnt from speaking to traders and brokers over many years).
As speculative traders, you must OVERCOME this EMOTIONAL BLOCK of "FEAR GREED CYCLE" if you wish to transform yourself into the elite SUCCESSFUL and CONSISTENTLY PROFITABLE TRADERS
90%+ Will fail (blow up their accounts); 5% will have breakeven results, 3% will have some minor sucesss; 2% will have great success (note: these are arbitrary figures, I have learnt from speaking to traders and brokers over many years).
As speculative traders, you must OVERCOME this EMOTIONAL BLOCK of "FEAR GREED CYCLE" if you wish to transform yourself into the elite SUCCESSFUL and CONSISTENTLY PROFITABLE TRADERS
Comment:
Here are the Top Cryprocurrency Authors.
www.tradingview.com/...ts/cryptocurrencies/
On this front page, apart from my post showing you
- ENTRY
- STOP LOSS and
- TARGET
not one Author has shown you these CRITICAL components of a TRADING PLAN.
I show you this ONLY so you UNDERSTAND that as a TRADER you MUST know this before you take a trade otherwise, you are trading blindfold and THROWING YOUR MONEY AWAY.
Remember you are trading against PROFESSIONAL TRADERS in the Market who will easily and happily gobble up your money within minutes, hours, days.
If you just take trades based on arrows and lines and prices which is ALL these "Top Authors", to date, are showing you will LOSE YOUR MONET.
You must know as a minimum your STOP LOSS.
None of these "Top Authors" are showing ANY OF THIS. ONLY providing COMMENTARY and GUESSES, this tells me clearly they don't have the courage of their conviction to show you these critical Trading Plan components.
If they don't trust their own judgement to GIVE YOU A REAL TRADE then you must question whether you should trust theirs.
LET ME BE CLEAR:
I tell you this ONLY so you be MORE DEMANDING OF YOURSELF BEFORE YOU RISK YOUR MONEY as failing to follow the advice I have given you above is how 90% of traders end up LOSE ALL THEIR CAPITAL.
www.tradingview.com/...ts/cryptocurrencies/
On this front page, apart from my post showing you
- ENTRY
- STOP LOSS and
- TARGET
not one Author has shown you these CRITICAL components of a TRADING PLAN.
I show you this ONLY so you UNDERSTAND that as a TRADER you MUST know this before you take a trade otherwise, you are trading blindfold and THROWING YOUR MONEY AWAY.
Remember you are trading against PROFESSIONAL TRADERS in the Market who will easily and happily gobble up your money within minutes, hours, days.
If you just take trades based on arrows and lines and prices which is ALL these "Top Authors", to date, are showing you will LOSE YOUR MONET.
You must know as a minimum your STOP LOSS.
None of these "Top Authors" are showing ANY OF THIS. ONLY providing COMMENTARY and GUESSES, this tells me clearly they don't have the courage of their conviction to show you these critical Trading Plan components.
If they don't trust their own judgement to GIVE YOU A REAL TRADE then you must question whether you should trust theirs.
LET ME BE CLEAR:
I tell you this ONLY so you be MORE DEMANDING OF YOURSELF BEFORE YOU RISK YOUR MONEY as failing to follow the advice I have given you above is how 90% of traders end up LOSE ALL THEIR CAPITAL.
Comment:
We are now looking to Setup for an ABC Correction...
