This video breaks down how its ok to take a loss even when our plan does work out in the long run. We have to be able to maintain these good risk management habits even if we are eventually right. Because in the event we aren't right on the end we have a much heavier loss that's harder to recover from.
HOW TO DEAL WITH LOSING TRADES
Good morning to the US, Good afternoon to the EU, and Good night to ASIA This post has 2 purposes. 1) Showing you with the video below how to use my indicator Dollar-Cost-Average-Data-Window-Edition/ 2) Collect your likes and move up in the Pine scripters ranking (no shame) Let's start with the first goal here Here's a quick reminder of what's the Dollar Cost...
Heyaaaa As promised, here's the video tutorial showing in silence/muted how to use the new indicator published today Risk-Reward-InfoPanel/ I'll try from next week to buy a microphone and you'll all hear how nice is my french accent.... I can imagine the complains I'll receive saying no one understood anything. Will be fun for sure Anyway, please let me know...
Everybody - I mean everybody - who is actively trading has to make decisions. Entry points, exit points, trailing stops, stop-losses and so on - they all involve decisions. But what affects the integrity of our decision-making ? Some say we don't need to make decisions, once we follow a mechanical trading plan. I disagree 100%. If everybody could follow a...
This video is asking questions around the numbers on the stop side of a long position tool that TV has and how the amount number in the red changes in a strange way. please view and comment. thank you
NZD pairs have a particular 'personality' for volatility. Many an intraday trader may have been punching the air or crying in their tea recently. :) In these charts I show some of sort of volatility on lower time frames.
In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by. The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and...
Hey guys, here is my last video about FIBONACCI and its extensions. :-) No offens to those you use it in a wrong way -I did the same mistake! I just wanna show you how you should do it and wanna help you to improve your trading. :-) If you don`t really understand why, just check the first Video of my Fibinacco-series. Peace and good trades Irasor Wanna see...