Trading in the financial markets can be both rewarding and challenging. However, it's essential to recognize and overcome certain bad habits that can hinder your success and well-being. In this article, we will discuss six common habits that traders should avoid and provide actionable steps to improve their mindset, performance, and overall happiness.
1. Quit...
Introduction
In the dynamic world of trading, mastering the art of trade management and developing robust exit strategies are as crucial as identifying the right entry points. These skills are not just about safeguarding investments; they are about maximizing profitability and ensuring long-term success in the markets. The importance of these strategies cannot be...
Hello everyone, welcome back to "Thinking in Pine" short video tutorials. In this video, we have discussed special cases of using var variables inside function definitions.
If you are not familiar with var variables, please take a step back and watch our earlier video - "Thinking in Pine - var, varip and regular variables"
🎲 Summary
Using var within a...
Introduction
In the dynamic world of stock trading, swing trading stands out as a strategy focused on capitalizing on short-to-medium term gains in stock prices. Typically spanning a few days to several weeks, swing trading requires a keen understanding of market trends and precise timing. In this high-stakes arena, a trader's toolkit must include not only...
Richard Demille Wyckoff is a trader whose career coincided with the famous traders of the time: Jesse Livermore, Charles Dow and JP Morgan, W. Gann and others. All of these men are widely recognized for their terrific trading books. Wyckoff became famous for his insight, his trading method. Wyckoff has been involved with the financial markets since he was a...
Hello Everyone,
Welcome back to "Thinking in Pine" short video series. In this session, we have discussed few special cases of time series variables and using historical operator within local scope.
If you have not watched our previous video - "Thinking in Pine - Time Series" , request you to do that before continuing this video.
🎲 Summary of our today's...
I. Introduction
In the dynamic and often unpredictable world of trading, risk management is a cornerstone of success. Among the tools at a trader's disposal, the stop-loss order stands out as a critical mechanism for controlling losses and preserving capital. This guide delves into the nuances of stop-loss orders, aiming to equip traders with the knowledge and...
🔹 INTRODUCTION
A prevalent saying in the trading world is that you need high volatility to make money in the markets. However, this statement needs to be more accurate. While high volatility is, in fact, necessary, it is very much based on perspective, and there are many cases where an extremely volatile market will be your downfall.
🔹 UNDERSTANDING THE...
Per request, someone asked to share my strategy and how / why I enter/exit trades.
I decided to be specific and applicable to the current market sentiment and discuss how I trade “choppy markets”.
My personal rules for trading choppy markets are:
1) No options, shares only
2) GTFI and GTFO ASAP
3) Only trade when there is a support or resistance respected...
In becoming a successful forex trader, understanding the impact of Black Swans in 2023 and beyond becomes crucial. Black Swan events, unpredictable and with significant repercussions, constantly reshape the financial landscape. This article delves into the essence of these phenomena, offering insights into their historical occurrences in forex and strategies to...
When trading forex, it's essential to check spreads, especially during holidays.
Trading forex during holidays can be a bit more challenging due to reduced liquidity in the market.
Liquidity refers to the ease with which assets can be bought or sold without causing a significant change in price. During holidays, liquidity can be lower as many...
Introduction
Brief Overview
In the complex tapestry of the global economy, few factors play a more pivotal role than interest rates. At its core, an interest rate is the cost of borrowing money, a fundamental element that influences economic activity. Governed largely by a nation's central bank, these rates are a powerful tool, used to control economic growth,...
Hello everyone,
Welcome back to "Thinking in Pine" short video series. In this video, we discuss the concept of time series variables in Pinescript.
If you are not familiar with var and varip type of variables - please step back and watch this video before continuing - "Thinking in Pine - var, varip and regular variables"
🎲 Summary of our discussion is as...
While the basics seem straightforward, the intricacies of the market often trip up even the most knowledgeable individuals. Trading transcends a mere understanding of market dynamics; it requires a unique blend of pattern recognition, abstract thinking, and a mindset that combines personality traits, self-discipline, and a specific mental approach.
The...
Hello forex traders! How much money have you lost because of emotions? How many losing trades have you closed because they went negative and it annoyed you? And how many times did the currency immediately reversed after you recorded a loss? As we all know up to 80% of success in forex trading depends on psychology. Money management is of great importance and only...
As it is known, a trader on the market is under constant pressure, the market is a constant process, in fact it is a river, and a trader should dive in and out of it to earn money. It is difficult to stay on the shore, when there is an endless river of money flowing nearby, hence the constant desire, well and of course stress, because the market gives unlimited...
The Diamond pattern, an often-overlooked gem in technical analysis, holds the potential for substantial profits.
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Despite its rarity, this unique pattern can be a valuable asset for traders. In this article, we'll explore the essentials of the Diamond pattern, from its formation principles to...
In this video I break down just two positions that shaped up last week on EURCAD and GBPNZD, both sells with a minimum return of 10% on both positions. Why is there always an industry gimmick of 'don't trade in December' when people have not even tested the data. Go back to December 2022, 2021, 2020, you will find positions in the market. Keep your focus on the...
