See the screenshot below.
Imagine this is the only data you have and only timeframe.
What will happen in the nearest future?
Price will go up to green, stays in the grey range, or down to red?
Answer in the comments with your arguments, and later I'll publish a video breakdown.
🍏1. Everything starts with preparation and true expectations. Losing streaks will happen from time to time, accept it if you want to be a good trader. Even the best traders on the planet have them. But it’s the reaction to them that separates good and bad traders.
Know your probability of losing streak, based on your own backtesting and accept them before they...
Motivation is essentially the driving force behind our ability to meet our desires and needs.
The crucial psychological mechanism safeguarding us from threats. It's a natural response, and while it's important, dwelling on potential threats excessively can diminish our enthusiasm for life. However, fear serves a valuable purpose as it compels us to focus on...
Drawing inspiration from the timeless wisdom of Marcus Aurelius, this guide distills ancient Stoic principles into modern trading strategies. Dive in to discover how to strengthen your trading mindset and unlock your unique edge.
1. On Emotion and the Markets
Remember: The markets are indifferent to your emotions. Anxiety, joy, desperation – these are...
Elon Musk is today's Nikola Tesla. Here are 11 Elon Musk quotes to make you start working on your dreams, no matter how impossible they might seem.
“I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but...
Stoic trading.
I bet stoics didn't trade, but they knew a lot about life in general. I suggest to cultivate stoic mindset in regards to trading, and negative expectation and negative visualization in particular. You can talk about it with ChatGPT and explore yourself, but here let me explain a bit.
So, instead of doing exactly what everyone else does - that is...
If producing consistent results is your primary objective as a trader, then creating a belief (a conscious, energized concept that resists change and demands expression) that "I am a consistently successful trader" will act as a primaiy source of energy that will manage your perceptions, interpretations, expectations, and actions in ways that satisfy the belief...
First you need to clearly define your goal, for this we use this simple tips
Technique that helps you better define and achieve goals. Goals formulated using this technique are usually more realistic and achievable.
S - Specific (specific)
The goal should be well defined and specific.
M - Measurable
It should be possible to determine if the goal has been...
⚠️FOMO, or "fear of missing out," is a common emotion that can lead to impulsive and potentially reckless trading decisions. ⚠️
✅Here are five key rules to help you respect and manage FOMO in your trading:
🔵 Use risk management techniques.
Proper risk management is critical to successful trading. This includes setting stop-loss orders to limit potential losses...
There is an over-estimated word that people say. I’m talking about MOTIVATION.
“I need motivation to keep to a healthy diet.”
“I need motivation to go to gym six days a week.”
“I need motivation to see my friends.”
If I needed motivation to trade, I would have stopped trading over a decade ago. From today, I want you to remove the word motivation from your life...
ELON MUSK QUOTES FOR POWERFUL THINKING
Elon Musk is today's Nikola Tesla. Here are 11 Elon Musk quotes to make you start working on your dreams, no matter how impossible they might seem.
“I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a...
🟢For many of us, our trading accounts are our cluttered homes. What we desperately need is to find our inner quiet; review our trades and trading statistics in detail and truly experience the horror of betraying our potential; and fully appreciate what we do well and embrace it with gratitude. Out of that energized awareness, we can replace the clutter with what...
When you open your charts in the beginning of the day, don't rush into first trade you see.
Step back for a little while, and check in with your emotions. If you want to trade cause you didn't have a trade in a while, or you're bored, or you want to make your money back, or if you just want to make money and now you "know the market will go up (down)" - these all...
...Having an awareness or an understanding of some principle, insight, or concept doesn't necessarily equate to acceptance and belief. When something has been truly accepted, it isn't in conflict with any other component of our mental environment. When we believe in something, we operate out of that belief as a natural function of who we are, without struggle or...
This video is about the importance of thinking in RR and %. The main point is when you think you haven't earned enough is $ amount - and so you want to trade more and more, which leads to poor trade quality - remind yourself that trading is highly scalable, and so it's ok to imagine you have a 20x more capital at the moment. So x20 your profit in the trade and ask...
..I advocate that you focus on eliminating your biggest errors, rather than trying to acquire new knowledge..
..It may feel like you are taking a step back, but this is a very useful heuristic for learning, because you are always acutely aware of what your biggest leaks are, and it is a much more efficient way to progress. When you constantly chop off your...
🟩 Checklist is the necessary and essential part of your trading plan 🟩
If you already have a trading plan - that’s really great. Now it’s time to take one step further and create a checklist. You will refer to it before each and every trade, and you’ll enter only if 100% of the checklist is present.
You can have different kinds of trading plan, it can have 5 or...
Your mindset is everything.
Believe it can be your reality. Unbelief will make you quickly derail this with all kinds of thoughts.
If you don't believe you can ever trade 7-8 figures and more, you will never get to trade it.
Question you should be asking is, does this logic work? Can I repeat this same process on any pair in the market place?
That will be...
