Let’s also talk about another so very important, and often undervalued part of risk management. Risk management really does help me to stay emotionally stable during trading. Just think about it: If I place a trade with a 30% risk and I lose it, it will hurt so much, and it will allow my negative sides, my revenge nature to come out and start dominating. I will be...
Ever since the invention of the Mutual Fund, then IRAs, or even going back to the ownership of individual stocks, the “common man” has been taught to “Buy and Hold” when it comes to their investments. Even today, investors are taught to put their hard earned dollars in a “lock box” and told to "let it grow"... We are told things like “Let time be on your side”…...
I posted an idea about the Myth of Warren Buffett Buy & Hold a while ago. Here is a general description of how he became so rich by James Altucher.
James Altucher is a wall street investor with a lot of hair.
You might know him from recently saying New York was dead forever on television, and some actor insulted him on tv because of this.
You might also know him...
Hello everyone:
In this video, I am going to explain my reasonings on why I personally don't use MA/EMA in my analysis.
I will start off by saying that I have nothing against traders who use them and are consistent and profitable.
I am sure there are many who do use indicators in their analysis along with their trading plan, risk management that find success...
> Idiotic day trader with 96% winrate and 10 to 1 risk to reward, that sells courses for $99 a month, posts his enormous losses on social networks
"Madaznfootballr" took an enormous loss yesterday, blames "manipulation" and says "he'll make it all back" with his incredible gambling strategy.
No idea if it is a simulator, but he only posts his gambles after the...
Hello traders:
Welcome back for a quick educational video on over leveraged trading. This ties with Trading Psychology greatly, and I want to elaborate on this a bit more to give new and experienced traders my understanding on this topic.
It's important to know that leverage can work for you as well as against you. You may already hear this a lot when you open...
Hahaha booooy! Back in my October 1rst idea "A quick look at funded trader prop firms" I wrote about prop firms, and through an extremely rare gift I have called just looking at the evidence rationally without any hype or emotions, I figured out "what's the difference with leverage other than giving away some of your profits?".
Little did I know at the time, the...
3. If you flip an account, like you want, how long would it take to blow it again?
Let’s imagine you have a small account like $2000-$3000. What do you want from it? Most likely, you would like to live from it, so depending of a country you live in you’ll need somewhat between $600 to $2000 a month for a decent living, right?
In this scenario, you’ll need to...
Introduction
We all hear from everywhere about risk management. They all say the same: “It’s important, it will help you to protect your capital, etc., etc.” But today I wanted to talk to myself about risk management in more detail. And I’m sure I will have a much better understanding of practical risk management in forex after this - I will talk through its...
Introduction
- To lower stress levels, trade less and get away from watching every single price chance. Day traders could trade only the open and closing hour, swing traders could just take opening and closing signals. You could go from every tick to just checking in every hour or so if you have options or hard stops in. Most of the days, trading is random noise,...
Socrates famously said “The unexamined life is not worth living.” Why do we do what we do, why do we feel the way we feel about something, or what is our purpose in life? These questions brought about generation after generation of journals, diaries, and random thoughts from some of our greatest thinkers from Socrates himself, to Jonathan Edwards in early America,...
Hello everyone:
In this educational video, I will go over what an impulse and a correction is in the market.
I will point out how to distinguish them in different time frames, and give a few examples on them as well.
The market can only be in two phrases.
Either its in an impulsive phrase, or a corrective phrase.
It doesn't matter what market or the time...
2020 is a year filled with crowds. Bored by having to stay at home and not having a job, did they suddenly decide to form angry mobs?
There are 2 main crowds identifiable in the USA which today (but not for much longer I believe) are the center of the world:
- The street crowd, angry protestors that do not always know why they protest, but generally hate the...
Hello everybody and welcome,
I hope you'll have a pleasant time reading this. And I also hope it'll somehow be useful to you.
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Let's face it, your biggest enemy in trading is not the market, not the hedge funds, not the banks, it's...
This ed post will be a bit different to the current track I am following. The reason will soon become clear. My take on this personal value dilemma explains a dilemma that Bitcoin is facing, and which drives it over the chart. It is a true story, so be patient and see if you see the Bitcoin that I see, within it. It illustrates the play of subjective, objective,...
Hello everyone:
In this video (all talking in this one) I am gonna talk about my trading journey and experiences. All the ups and downs that I have been through in hope to give new and experienced traders a honest raw example of a trader’s journey.
Of course everyone learns and absorbs information differently, and I am sure there are people out there who didn't...
I accidentally deleted my first draft of this so this is the condensed blunt version.
*Leaving Tradelandia*
Imagine your friend Bob is throwing a big party this weekend and it sounds like it's going to be good one.
The trend is movement. The trend is whether or not people are going to the party... not necessarily the quality of the party itself.
One more...
Hi everyone:
In this educational video, I will explain how I determine reversal and continuation structures/patterns in the market.
Many have asked me to break this topic down more in depth and in live, so I hope I can address all the questions I get on this.
So, in my opinion there is only 2 main type of structures/patterns:
Continuation...
