Successful Trading

Trading successfully requires having a thoroughly tested system with clear rules for entry and exit that gets the odds on your side over a larger number of trades. It also requires having the right state of mind to execute a trading plan consistently without being hindered by emotions and to be realistic about trading in general. So apart from a good trading system, trading psychology is important in order to make the right decisions in every situation.

Risk management is key to prevent deep drawdowns or losing your trading capital. It has rules about trade risk and risk / reward to maximise profits while minimizing losses and to ensure you live to trade another day. It is critical to identify trading risks and know how to handle them. Having a trading plan with checklists, rules and fixed routines supports all this, because the plan makes it clear what to do in each situation. Poor trading psychology, poor risk management and not having a trading plan are some of the top reasons traders fail. A sound approach to all these elements is key to becomming successful as a trader.
soni187 soni187 PRO GER30, D, Long , 21 hours ago
GER30: DAX/GER30 January Analysis + #LongTimeTrade
244 2 9
GER30, D Long
DAX/GER30 January Analysis + #LongTimeTrade
I post everyday my positions. Feel free to contact me. Dax will reach 11700 till 2017-01-23 ! My Trade Plan for 2017-01-19 - 2017-01-23 Buy @11580 (+70/-58) TP 11650 SL 11522 Buy @11580 (+120/-58) TP 11700 SL 11522 My Trade Plan for 2017-01-19 - 2017-05-05 LONG TIME Buy @11550 (+650/-319) TP 12200 SL 11230
tommyb35 tommyb35 EURJPY, 60, Long , 17 hours ago
EURJPY: Potential Stop & Reverse (Cypher to 2618)
15 0 2
EURJPY, 60 Long
Potential Stop & Reverse (Cypher to 2618)
I put out the Bearish Cypher idea just a couple hours ago. If this Cypher gets filled and rolls over to Target 2 at the 61.8 Fibonacci Retracement, you will have a Bullish 2618 setup. Now the exact entry for the 2618 might be a little different depending on how far the market pushes up, but as long as it doesn't ...
ranggawardonce ranggawardonce XAUUSD, 60, 6 hours ago
XAUUSD: Gold Overview plan 20 Jan
56 0 1
XAUUSD, 60
Gold Overview plan 20 Jan
Now is astrology cycle Sun Inggress and 3rd q moon so trading plan should focus on divergence Trend H4 still ini bullish Trend H1 in bearish rotation Resistance (structure) 1210 wait price action come to resistance, then wait for Bearish divergences Bias is to go SHORT IF market makes a swing High entry should ...
lewglasgow lewglasgow TOP GBPUSD, 60, 4 days ago
GBPUSD: The 14 Stages of Investor Emotions
1767 15 86
GBPUSD, 60
The 14 Stages of Investor Emotions
"Master your emotions and you'll master the market" Hello traders, after receiving a lot of positive feedback from my TradingView educational posts I thought today I would break down a subject on trading psychology with the 14 stages of investor emotions. Learning how market cycles operate can be extremely ...
brettschoenfelder brettschoenfelder PRO USDOLLAR, D, 3 days ago
USDOLLAR: Why do you trade? Trading Goals and motivations (trade plan)
21 0 3
USDOLLAR, D
Why do you trade? Trading Goals and motivations (trade plan)
Why do you trade? Consider writing down your personal trading goals. The following are my personal Trading Goals & Motivations (taken from my trade plan). Goals - Consistency 1. Focus on the process and let the results happen 2. Think in probabilities and whether I followed my plan. (Not right or wrong) 3. ...
chastic chastic GBPJPY, D, Short , 2 days ago
GBPJPY: GBPJPY 3 Line cross
79 0 7
GBPJPY, D Short
GBPJPY 3 Line cross
Of all GBP pairs that went up simultaneously after 'May spoke about hard-brexit, GBPJPY was one of the few that did NOT touch the 10EMA on the way up. That is curious, because most GBP did. That is a good indicator that GBPJPY short is strong. All three trend lines is on their way to make a major cross. It's worth ...
sreddick sreddick PRO COPPER, D, Long , 2 days ago
COPPER: Copper Long Dec 30th 2017
72 1 2
COPPER, D Long
Copper Long Dec 30th 2017
Pro’s - Symmetrical triangle break and re test of a key level at 1.245 - Rejecting back side of a long term downward sloping trend line - Weekly and daily deceleration - Low test rejecting key level - Double bottom - 4HR Bullish MACD - Dynamic support of the daily 50 EMA - Trading with the trend - Stop safely ...
YongLiang YongLiang EURUSD, 240, 3 days ago
EURUSD: EUR/USD, H4 CHART, LONG (16-JAN-2017)
36 0 5
EURUSD, 240
EUR/USD, H4 CHART, LONG (16-JAN-2017)
We are waiting for weak pull back to support line at 1.054 level and bullish signal to long.
EverythingForex EverythingForex PRO GBPJPY, 240, Short , a month ago
GBPJPY: GBPJPY: Understanding Wave Structure Gives You The Edge
2211 16 46
GBPJPY, 240 Short
GBPJPY: Understanding Wave Structure Gives You The Edge
This trade is a very good example of how understanding wave structure can give you a powerful edge in trading. But know that learning and more importantly implementing wave structure into your trading takes much learning and work! I'm not going to sugar-coat that fact like others and say it is easy! It is not. It ...
dhananjay.d.joshi dhananjay.d.joshi PRO NIFTY, D, 20 days ago
NIFTY: Nifty Gann Square forcast
342 5 8
NIFTY, D
Nifty Gann Square forcast
https://www.tradingview.com/x/WKrYVbI6/ Lines and curves are support and resistance for price. The demand and supply zones are also marked on the chart which will give additional confirmation for price movement. Trade setups are not mentioned on the chart because the trend perception of individual will be ...
tntsunrise tntsunrise TOP SPX500, 60, 2 months ago
SPX500: SOME WORDS FOR NEW TRADERS:
5133 72 315
SPX500, 60
SOME WORDS FOR NEW TRADERS:
SOME WORDS FOR NEW TRADERS: 1. Learn from the Ideas in tradingview, pay attention to trading logic (why did this author want to long/short? ) 2. if you can not understand the idea, or u disagree the idea, then dun trade it. 3. if you want to trade based the author's idea, make sure u make a very detail trading ...
pixi pixi XAUUSD, M, 3 months ago
XAUUSD: Is Gold in bubble ?
2623 39 71
XAUUSD, M
Is Gold in bubble ?
hi, This is not a chart for trading or to get entry/exit levels. I remember in 2010 when newspapers/ news on television were beginning to focus on gold price (media attention). From this point, i tried to find if gold have real similitudes before and after with a classic bubble. Obviously, it does. This is ...
Unique4xPro Unique4xPro EURUSD, D, 7 months ago
EURUSD: Why Most Forex Traders Fail... LEVERAGE
1766 32 48
EURUSD, D
Why Most Forex Traders Fail... LEVERAGE
Way too many traders trade with very little capital and they do this because their brokers allow them to by offering them insane amounts of leverage. We really don't understand it because you would think that these brokers would want their clients to succeed in order to continue placing trades which yields the ...
YongLiang YongLiang USDJPY, D, Short , 4 days ago
USDJPY: USD/JPY, DAY CHART, SHORT (15-JAN-2017)
49 0 4
USDJPY, D Short
USD/JPY, DAY CHART, SHORT (15-JAN-2017)
Note: USD/JPY tested the resistance zone at 118.5 level 2 times and the bullishness was rejected. Here, are 2 trading plans for this pair: 1. If USD/JPY managed to break the support zone at 114.5 level strongly, wait for pullback and bearish signal to short. 2. If the price unable to break the support zone, ...
CaptainPants CaptainPants PRO USOIL, 60, Long , 6 days ago
USOIL: Price action says up.
76 0 2
USOIL, 60 Long
Price action says up.
My trading plan. Sunday continued sell off overnight to 52, rejection at 52 and invalidating previous downward channel. No specific target, will be running with Renko next week until reversal is seen. Bearish movements look like 1-9 and 1-3. Very steep, very quick sell offs. So far that isn't what this is, just ...
Felix_Hoevelborn Felix_Hoevelborn EURUSD, 60, Short , 10 days ago
EURUSD: EURUSD: BEARISH CYPHER PATTERN WITHIN STRUCTURE ZONE!
133 2 9
EURUSD, 60 Short
EURUSD: BEARISH CYPHER PATTERN WITHIN STRUCTURE ZONE!
Possible Cypher pattern for short entries on EURUSD. Mangage Stops and Targets according to YOUR trading plan. Have a great week of trading!
YoungMula YoungMula BTCUSD, 60, Long , 15 days ago
BTCUSD: Buy Bitcoin Even At These Prices!
165 2 6
BTCUSD, 60 Long
Buy Bitcoin Even At These Prices!
Target $1200 with 1:4 Risk/Reward
Daniel.B Daniel.B JPM, D, Short , 2 days ago
JPM: Bank stocks breaking uptrend on volume.
29 0 1
JPM, D Short
Bank stocks breaking uptrend on volume.
Hello Traders, Question of the day, purchase put options on bank stocks and if so to do it thru the $XLF or their % largest holding: $JPM ? Or to sit put on my long U.S. Treasury Bond positions since buying puts will most likely just double risk exposure due to the relation between interest rates and banks... ...
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