A Bambi's biggest trading obstacle in 2023 will be over trading in a bear market, especially the crypto kiddies looking for their next pump. This is why you have to restrain from whoring yourself out to the market in the hopes of making a quick buck. We call this, monk mode. Not the whoring, the opposite. Monk mode is abstinence from indulgence and has been...
Patience and Discipline IN order to succeeded in the trading industry a lot of technique must be mastered understanding how the markets works and how to reacts to different situations should be on every traders list. Patience This refers to accepting delay or waiting for something to be ready while you wait. in trading the best trading opportunity comes...
Is it wise for retail traders to hold trade positions open overnight or over the weekend if the profit target has not been met by the end of the trading day? Even if you have a stop loss in place, unless you are a position/swing trader, intra-day traders and scalpers should not get into the habit of holding any positions open overnight during the trading week or...
TradingView has become a top platform in the quick-paced world of financial trading, offering traders and investors all over the world a robust community and a set of sophisticated tools. TradingView has made great leaps from its modest origins to its current position as a major player in the sector, hitting impressive milestones and overcoming obstacles along the...
Hello, and I thank everyone for looking into my article. Here, I want to dig deeper into trading psychology and provide important tips for beginners but also for advanced traders that can serve as a good remider. So, without further ado, let's dive into the topic. 1.Set realistic goals I remember entering the crypto scene in 2016. I was excited about the...
Altseason is the moment when the big players have taken profits from bitcoin and now the capital is flowing from bitcoin to altcoins! You must understand that not all altcoins will be profitable in the same way! No need to focus on specific dates and try to predict the future. Your task is to adapt to the market order flow. The first wave of momentum is...
This is an example of why candle closes are important when marking out a BOS which changed direction. Like here the low just got swept and went on to make another higher high. There is no real way to know if it is a BOS or a trap so it's best just wait and see if we get a candle close or in this case break the high. You could get a reaction on the lower timeframe...
To answer this question, let's try to take a classic Pattern as an example: the "Head and Shoulders" . Typically Traders take short position (in this example) on neckline breakout and place stop loss above right shoulder or head. If we only take these elements into consideration, it often happens that pattern fails. Why does this happen? Because these elements...
Over the past five years of trading, I have recognized the importance of continuously critiquing myself and my trading strategy. I diligently monitor my performance on a daily, weekly, monthly, quarterly, and yearly basis. Here's a concise list of the rules I have followed prior to entering and exiting a trade: ✅ Entry Rules Ensuring that the stop loss is...
Trading gold or forex can potentially lead to various outcomes, both positive and negative. Here are five potential outcomes to consider: 1. Profitable Outcome: Trading in gold or forex can result in profits, which is the ultimate goal of any trader. A trader can make gains if the asset’s value increases, and they sell the asset at a higher price than their...
After teaching a bunch of amateur traders over the years, I've come to realise in my not so humble, but highly righteous opinion that their biggest obstacle always seems to come down to their inability to abstain from placing a trade. They give into temptation. But as Jesus says; "Forgive them for they know not what they do." Yes I know Jesus wasn't a trader,...
When non-traders think of trading, they often envision an indicator like the Ichimoku Cloud: a seemingly indecipherable mess of lines and colours. But in reality, the Ichimoku Cloud is logical, once you understand it, and quite an effective tool. In this article, we’ll take a look at what the Ichimoku Cloud is, its interpretation, and how you could use it as part...
Hello traders, today we will talk about EMOTIONAL STATES OF A TRADER #1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock. #2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story...
Companies age, just as individuals do, and they don’t often do so gracefully, again like individuals. In this presentation, the speaker plans to start with a description of what he sees as the corporate life cycle.
Live-streaming of our Malta event on Investing for Newbies series. A discussion on how to start investing for long-term success and how to invest like Warren Buffett.
Before we begin, we need to understand what liquidity is. A market with high liquidity is one where there is a large number of buyers and sellers willing to trade in that particular asset. This means that there is a high availability of buy and sell orders, allowing transactions to be executed quickly and with minimal impact on prices. Where are the most liquid...
This is the best 1hr strategy ever. There are 3 basic rules for this strategy: 1. The only indicator you will need is the 20 period EMA. 2. Identify the market structure and market trend. 3. Downtrend market price needs to cross the 20 EMA and the next closure of candle must be red and it either needs to close below the low of the precious candle or it is a red...
The fakey setup is a powerful trading strategy that can be used to identify high-probability entries in the forex market. It combines three different chart patterns and requires the trader to be patient and wait for the right setup to form. With a bit of practice, traders can become very proficient at spotting fakey setups and taking advantage of them. Fakey...