Trading Starts With The Basics. Instead of writing a bunch of garbage like most of the people that post on Tradingview.com. I want to remind everyone to keep it simple. Here is some randomness that might make you look at the market the way your supposed to. With a grain of salt. Learn to read the market signals, get in when it signals you to get in. Get out so you...
I wish I could have posted this with the 5-minute timeframe because patterns appear clearer there, but to my realisation you actually cannot post something less than 15M, which does make sense, although Educational posts should be allowed to do that in my opinion.
Anyway the purpose of this post is to basically demonstrate that intraday, or day-trading timeframes...
Everyone selling but RSI looks suspicious... How can it go up. Think about that.
price: lower low
RSI: higher low
The arrow represents 60% price action...
www.babypips.com
Understanding and having a basic expectation of how the market tends to move is important not only for traders, but for investors too.
If you get in too early, you suffer unnecessary drawdowns.
If you get in too late, you will either suffer losses, or miss the train.
In trading and investing, there is more than just entry and exit.
...So I'm glad I finally got to wipe my nose... but I'm pushing through making these video's for you guys, because I know you guys are hungry to get to mucking up your own charts with some awesome strategies!!
Lets talk Accumulation & Distribution
How do we make a strategy?
Get your Pencils out yall! We have to look around, take a look at the history, and see how we can capture some profit in the asset class. Its important to formulate a strategy by letting the chart show you what indicators worked historically. Some people like to use indicators like crazy and THEN backtest them. Perhaps that...
You can find many websites, even free books of Elliot Waves Theory. But if you read it by on eye, can understand its kind of shamanistic predictions. law of the universe - from small to big, law of complication and development. To build waves, should start from max. minimum time frame -1 min. than 1 min group in 5-15 min, than to 30 min, 30 min group to 1 hour,...
Trading Bitcoin in the new Realities of 'Mainstream'
When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world
For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80%
of the few people who read this will have Bull hats...
For example you have 100.000 Total Capital
You can spend for One Trade: Only 10% of your Free Capital
Your Total Capital: 100.000
First Trade: 10.000
After 1st Trade your Free Capital: 90.000
Second Trade: 9.000
After 2nd Trade your Free Capital: 81.000
Third Trade: 8.100
After 3rd Trade your Free Capital: 72.900
Fourth Trade: 7.290
After 4th Trade...
Hello there, everyday i look in the chat and i see people making trades based on fomo, chasing price and news and i wanted to bring to life a few steps that i have in place before making a trade. I hope this is helpful! best of luck!
The psychological aspect and my thought process
Hello everybody, I'm so sorry that the migration did not as fast as I'd like it to be and, finally on last it's done and I can be back on trading.
Before i touch on how i would trade, i suddenly thought sharing my thought process would make so much more sense because literally you
will understand how i use my...
I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours.
Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.
Many of you have been asking me, what is my trading routine, so I decided to make an educational post :)
Here is a break down of my trading routing:
Pre-Trading Period
6:30 am weak up
Quick GYM session
Having a healthy BREAKFAST
Once breakfast is over, I go for 15 minutes of MEDITATION
After the meditation is over, and my mind and body is relaxed, I go for a...
Money makes money . It's an age-old saying, probably because it's generally true.
But starting out as a retail trader can be daunting and at times, frustrating. It takes time to build up a sizable account big enough to allow us to take the leap from trading part time, to full time trading.
Something that has kept me motivated over the years is an excel...
It's always refreshing to hear from some of the trading greats that have made a killing on the markets.
Here are ten quotes that'll make you think twice:
"Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros
Soros cemented his position as a trading legend when he banked billions by shorting the British...
You are a Human. This is good.
You are capable of making complex decisions. You can identify patterns. You can enter excellent trades.
This is also bad. Between your ears is a narcotics factory that will put Heisenberg's mobile meth lab to shame.
You've entered a trade. This is it. The BIG one. A one-way ticket to infinite infinity pools.
Adrenaline ...
