Overtrading is a common issue in trading and can lead to significant losses. It occurs when a trader excessively opens and manages positions, often due to psychological and emotional factors. To avoid overtrading, consider the following strategies:
Establish a Solid Trading Plan: Having a well-defined trading plan is crucial. Your plan should outline entry and...
When analyzing the crypto market, we often use the concept of a "market narrative." However, it's essential to understand that these narratives are not solely shaped by price movements and chart manipulations but are also influenced by external factors.
In the world of cryptocurrencies, this market is significantly different from traditional financial markets. It...
1. A bad trade or a string of bad trades doesn't mean anything.
2. Don't focus on the last deal: it has nothing to do with the next one.
3. Always follow the trading plan: in good and bad times.
4. Focus on one trading pair.
5. In this business, losses are inevitable: in order to succeed in trading, you need to learn to accept risks. Reducing risks will help...
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...
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Top 50 Trading Advices
1. Risk Management is Key: Always define your risk before entering a trade. Use stop-loss orders to limit potential losses and protect your capital.
2. Stay Informed: Keep up with financial news and events that can impact...
The market rewards discipline and requires you to fulfill your specific role. For instance, as a tattoo artist, your responsibility is to provide quality tattoo, while as a trader, your task is to exercise discipline in decision-making. If you remain disciplined, any reasonable strategy can yield profits in the long term. However, even the most flawless strategy...
If you have made the decision to pursue a career as a trader and are on the path to mastering this profession, it doesn't matter which trading direction you prefer—whether it's intraday crypto trading, Forex trading, or stock trading on the stock market—you will inevitably face a choice:
Option 1: Freedom To be a free trader means being someone who learns from...
Profit fixation
There are three main profit-taking strategies:
1. Fixed RR (1:2, 1:3RR).
2. High RR (1:10RR and above).
3. Partial profit taking.
Fixed RR.
When trading with a fixed RR, the trader ignores the situation on the chart and places a take...
Biases that influence your investment decisions
Most people who invest in the stock market don't reach their goals. The top 1% of investors can double or even triple their returns from the market.
Reason: how investors think
How this article will help you avoid these biases: * Awareness -...
