Trading in the cryptocurrency market often resembles a marathon where everyone aims to be the first. Unlike running, where there's only one winner, multiple traders can succeed in the crypto marathon. However, success in trading involves serious psychological work, which we'll discuss today.
Everyone aspires to achieve their goals and be successful. Beginners in...
Regret is a common emotion experienced by traders when they miss out on opportunities or a trade they took doesn't go the way they believed it would. It is a feeling of disappointment or dissatisfaction with a decision that has been made or not made. In trading, the fear of missing out (FOMO) can often lead to irrational decision-making, which leads to missed...
I've changed my reward-to-risk ratio from 1:1 to 2:1.
You heard me right! They have changed.
I wasn't a stickler about my ratios, but I am now. I want to make more money and do less trading. How is this possible, you may be asking?
It's simple when you look into the details. So let's take a look at the losses first.
What do my losses look like?
Each time...
The iceberg illusion in trading refers to the perception gap between what people think trading is and what it actually means. Many people see trading as a simple way to make quick profits and accumulate wealth, with the idea that all one has to do is buy low and sell high. However, the reality is far more complex. Under the surface of what appears to be a...
Trading psychology is influenced by emotions like greed and fear, which can drive irrational behavior in markets. Greed causes excessive risk-taking and speculation, while fear causes traders to exit positions prematurely or avoid risk. Regret can also cause traders to violate discipline and make trades at peak prices, leading to losses. These emotions can be...
I wasted a lot of time from years one to four in my trading career.
Being scammed led me to decide to create my unique trading strategy. I used the course material I bought and google to do so. It worked but after years of pain and suffering. If I had continued searching for a legit trading coach, I would've succeeded much quicker.
But I'm grateful because I...
Coming into trading with only the desire to make money, often results in not making any.
I didn't make a dime for 4 years till my lucky day came.
Before it, like most traders, I gambled my way into the game with little to no knowledge. I started off with free information. (Youtube and Babypips were my buddies.)
After gathering data from them for 2 weeks, I felt...
This is a look into the way I see markets and how I see my trading using the Wyckoff Method and comparing it to standard business models. More of a mindset video but I feel is very useful when trading and seeing your trading as a business.
Let me know what you think,
Cheers for watching
Every trader goes through these stages.
I remember starting out on demo thinking this would be the easiest way to make money quickly.
Oh, how I was wrong.
It seems like sunshine and rainbows on a demo account but when you move onto a live account, the real problems begin.
Your expectations of quick money quickly vanish due to the psychological aspects of...
Visualization
Why is it important?
You may have noticed that whatever you choose is always manifested. What you choose is what you get. Whatever you choose to believe in gets reflected in your worldview.
So why are you not choosing to be a successful trader?
Thoughts not only provide the motivation for human action, they also have a direct influence on our...
Its a easy to forget the basics and a reminder is always needed to identify what makes us WIN!
Stay true to yourself!
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HELLO TRADERS!
EXAMPLE HOW SMARTMONEY ACCUMULATE TO DISTRIBUTE MORE.. AS U CAN NOTICE WICKOFF ACCUMULATION SCHEMATIC WAS IN THIS PLAY..
ALL LIQUIDITY AS ABOVE SO BELOW WAS PICKED UP BY SMART MONEY ON WAY DOWN, NOW SINCE WE START OCTOBER, AND DXY HAS DROPPED, THEY PUSHING PRICE HIGHER TO ACCUMULATE TO DISTRIBUTE MORE...
CHECK OUT LAST EURUSD MARKUPS WITH SM...
Hello Traders,
it looks like we are on higher TF in distribution phase on this particular pair, so we gonna expect long term bearish movement.
Hopefully this example will help u identify Wickoff schematics on chart, cause they keep printing over and over again on all time frames..
Understanding market structure is the key so we are focusing on this type of...
