Risk management is a crucial aspect of successful trading. It involves implementing strategies and techniques to minimize potential losses and protect your trading capital. Here are some essential tips to help you improve your risk management skills: 1. Define your risk tolerance: Determine how much risk you are comfortable taking on each trade. This will depend...
The difference between a gambler and a player, as well as the similarities between a player and a trader. The player and the gambler are very often confused; if we are talking about gambling itself, then this is a psychiatric problem. If you come across conditional roulette, then you will always catch the trigger, absolutely every time it will cause the same...
Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series. In Part 3, Playing the Range we look at strategies for tackling choppy, rangebound markets. These are markets with plenty of noise and randomness – markets that can chop...
Here are powerful quotes of professional traders, investors and experts in financial markets. Let their words inspire you and help you in your trading journey. "To succeed in the market, you must learn to think like everyone else and do the opposite." - Sir John Templeton 📈💭💡 "The four most dangerous words in investing are: 'This time it's different.'" -...
On the chart I include the formula and a example of how to get shirt term price targets using the retrace theory. Basic retracement theory (B-A)+C (130.77-128.71)+129.94=$132 the low = A the retrace high = B current retracement low = C Trend Strength Maximum Retracements Upside Targets (downside targets are inverse) Very Strong -14.6% to 23.7% A to B added...
Mean reversion is an important concept in financial markets, offering traders the opportunity to capitalise on price fluctuations around a long-term average. This article unpacks mean reversion and explores three key trading strategies augmented by specific indicators to fine-tune entry and exit points. Understanding Mean Reversion Mean reversion is a theory...
In trading, a prevalent pitfall is the tendency to take on an excessive number of positions, driven by the misconception that more trades equate to higher profits. However, trading isn't a lottery; success requires a more strategic approach. Misguided Profit Expectations: Traders often fall into the overtrading trap when their profit expectations don't...
I am pleased to introduce a robust long-term strategy that seamlessly combines performance with an enticing risk profile. This strategy involves strategically investing in ETFs indexed on the S&P 500 and ETFs backed by physical gold. Let's delve into the rationale behind selecting these two assets: S&P 500: 1. Automatic Diversification: Instant exposure to a...
In this article, I want to talk about the interesting similarities between trading and detective work. Like detectives solve mysteries to find the truth, traders explore the market to understand patterns and make smart decisions. 1️⃣ Gathering Clues: Both trading and detective work rely on the acquisition of timely and relevant information. Traders stay...
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...
When evaluating whether to take a short or long position, it's crucial to observe current trends. For example, the NQ 4-hour chart maintains its uptrend as it hasn't broken any higher lows. This was evident during a live chat I observed today, where some traders were initiating short positions anticipating a "flush." However, their rationale wasn't clear....
July 1st, 1999 the world was buzzing about the New Millennium the.com bubble was nearing its peak and the Euro had just been introduced but in Japan, a quiet Revolution was starting to take place, a revolution that would change the landscape of global Finance in ways no one could have predicted. In homes across the country, a group of ordinary housewives in Japan...
Hello Everyone, In this tutorial, we learn about how to create simple auto trading bot using tradingview alerts and OKX exchange built in integration mechanism. Few exchanges have come up with this kind of direct integration from tradingview alerts to exchanges and as part of this tutorial, we are exploring the interface provided by OKX. In this session, we...
We entered 2023 with a pessimistic consensus outlook for U.S. economic performance and for how rapidly inflation might recede. As it happened, there was no recession, and personal consumption posted sustained strength. Inflation, except shelter, declined dramatically from its 2022 peak. The big economic driver in 2023 was job growth. Jobs had recovered all their...
Are you stuck in a trading rut? Have you thought to yourself. You have all the knowledge, tools, skills, strategies etc… And yet you don’t believe you’re getting the trading results you expected? I think it’s because of the ‘Procrastination Gremlin”. It’s a common issue. For three years during my trading career I was a mass procrastinator. I never took trades...
Traders strive to identify structures and indicators that can assist their decisions. One such pattern that has garnered attention is the hockey stick. Whether you are an experienced trader or just starting your journey in the world of trading, understanding this hockey stick effect can be a valuable addition. In this FXOpen article, we will explore what this...
Bullish and bearish flag patterns are common patterns in forex that are used by traders to determine potential price movement in a trending market. These patterns can provide clues about market sentiment and help us make informed decisions about when to enter or exit a trade. It should be remembered that this pattern is a continuation pattern, not a reversal...
Most people have traded with moving averages. They end up being frustrated and losing money. That’s because they’re not using them correctly. I’m going to show you how to use moving averages the right way. Where it works and where it doesn’t To get good trades using moving averages, there’s just 1 thing to do. The thing you need to do is move to a higher...