I have decided to take it easier with charts for the next period and focus on education.
In my time here at Tradingview I have met a lot of (mostly) nice people striving to 'find out' what will happen next and how they can trade and make money.
💠Allow me to say that the vast majority (90%+) fail to do anything good with the information they receive here:
- People don't realize that analysis (either Technical or any other kind ) and predicting 'what will happen next' is just not enough. Ever. - I would say that Prognosis (right word for what you think is Analysis) is less than 20% of the success - People don't know How to trade. (So why even look at charts? It won't help you much) - Even traders with experience and knowledge..it's what they want them to know thus they struggle too - The understanding of Trading that the average Trader gets from what's online is just WRONG - Not knowing is fine. 'Knowing'' something that is fundamentally wrong is Bad news (exactly the case with some here) - People do not know how to MANAGE their positions. That's number 1 issue - They (and probably YOU) don't know how to manage yourselves, your emotions, your budgets or the market. That's the main issue.
👉 So why keep posting charts so often when the problem is something different?
There are TONS of material out there but I have seen nothing that meets my criteria and can actually help new traders in a simple, understandable, structured way that can work.
💡 So i decided to take some time off and create exactly that:
An easy to understand Method that works for beginners. Look for it in September.
Nice, when you are fine with losing all, there is no emotions
FX_Professor
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@adambury21, take a break and contact me, i would be happy to help: just some food for thought adam. You must find ways to stay alive and be strong pon all occasions bro. Even if the market goes against. Hope you didn't lose everything but even if you did this everything in trading must be something you can replenish and able to try again. All starts with that: trade with funds you can replenish! especially if you are a new trader or a trader without previous success. Remember: Most traders LOSE money, it's the sad reality Adam
adambury21
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@FX_Professor, Hi, thanks. Im still in profit but a lot smaller than when btc was at top. Too bad I didnt take any profits to usd near top and rebuy at bottom. Have some coins on celsius too that went bancrupt.
Ajoiii
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Thank you for your reminder for us to keep striving and improving ourselves!