Good day, traders.
I would like to take this opportunity to advise both new and experienced traders that holding onto your position indefinitely is not recommended. Based on percentage calculations, the return required to recover to break even increases at a considerably faster pace as losses grow in size due to compound interest. After a loss of 10%, a gain of...
Today’s topic is going to be on three types of stop losses . This is a very critical topic because stop losses come under the category of risk management.
Risk management is such a pivotal, important and critical topic. Why? Because professional traders and investors, the first thing that they always do and constantly think about before they get into a trade or...
here is some basic principles to discern between Corrective and Impulse. For corrective waves, it helps contextually to have a wave prior to measure the timing and retracement to. A simple way to tell the two apart is their retracements either do or do not intersect each other. A trending impulse wave will never have wave 4 enter wave 1's territory, and never...
Hello traders, today we will talk about Myths and Reality of Trading.
As you may already be aware, there are a lot of misconceptions that new traders encounter before they begin their trading careers. The following interpretations of those statements are presented on the layout:
1) The majority of individuals believe that trading is simple and that they can...
Hello traders, today we will talk about 5 TYPES OF ELLIOTT WAVE PATTERNS
( FIRST SOME BASIC INFO )
What is Elliott Wave Theory?
The Elliott Wave Theory suggests that stock prices move continuously up and down in the same pattern known as waves that are formed by the traders’ psychology.
The theory holds as these are recurring patterns, the movements of the...
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider...
Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
The life of a trader can be stressful, with important developments taking place constantly. This makes it...
It's no secret that managing your trading psychology is the biggest challenge in your trading journey.
Some say it counts for 80%+ of what's needed to be successful.
I totally agree...
However, there's a key factor in this for me.
How you actually trade to start with!
Correct trading psychology starts by realising you need a strategy.
If you're guessing...
s3.tradingview.com
Hello, dear TradingView members .
This educational idea is a Trading Flowchart.
It starts with simply explaining the main steps to make before trading and opening positions and how to identify our situation to gain better results.
Before we start to trade, we should identify the trend. What is a trend?
A trend is a direction in which an...
In this post, I am not referring to physics and math equations and probabilities, I'm just saying that the Display method of the probability of a numerical event is between 0 and 1,
and just for easy recall in tutorials, I consider a number between 0 and 100.
0 indicates impossibility and we know that 100 indicates certainty.
Therefore, will explain this price...
They make it look easy, posting lifestyle posts all over your Instagram feed.⠀
⠀
Truth is, that's not real. 😒 Sorry.⠀
With that being said lets break this down into reason you should and shouldn't trade forex.
The reason I'm covering this as a forex idea is I am predominantly a forex trader and made my way to where I am trading forex.
This however does apply...
It's time for my mid week educational post.
Today I want to talk about the three pillars needed by all traders for success in the markets.
This isn't just the forex market either this applies to trading all financial markets.
Be it forex, crypto or stocks, so lets get into the the three pillars of success.
PILLAR NUMER ONE- STRATEGY
You MUST have an...
Time for a educational post from me.
At some point as traders we have all had the thought of how long will it take to double my account.
The rule of 72 is the easiest way to work that one out.
The rule of 72 is a handy mathematical rule that helps in estimating approximately how many
years it will take for an investment to double in value at a specified rate of...
The pair in question and four winning trades allows me to cover a subject I've wanted to touch on.
That subject is asymmetric compounding.
Asymmetric compounding is a money management strategy that can accelerate the equity curve of an account.
But you need the right strategy and data available to back up using asymmetric compounding.
Higher the win rate the...
12 tasks of trading which include:
1. Self-analysis to determine if you are in a state of mind to trade
Prior to starting your trading day, it is very important to make sure you are in the correct state of mind to trade. You need to analyse yourself and make sure you are at the best state of mind to avoid mistakes in the markets. You cannot finish fighting...
I lost a lot of money in Tehran Stock Exchange. Because simply I arrived too late. I read a lot in past year and now I can say why I lost a lot of money and how can prevent it in future.
It's simply the psychology of the market. Retailers like me get in when everybody says that something is good and profitable; Seriously Everybody!
Tonight I was thinking about a...
I see two main reasons which complement each other for the high rate of failure.
First and foremost, the media and the industry promote this idea that it’s easy to become a profitable trader and anybody can go it. This is, of course, not true. Theoretically, anybody can do it if willing to put the effort and approach it as a business. Practically almost nobody...
The vix indicates how volatile the market currently is. Right now, the VIX is sitting at 14.40. A neutral market is indicated by a vix being at 17. Since the vix is sitting on the low end, we should continue to see the market stay relatively safe. However, with all the ongoing issues of a slowing global growth, trade, and poor economic data, it would be best to...
