Page 8 | Educationalidea — Trading Ideas on TradingView

Trade like a casino! 🎰🎲💵Yep you heard me right you need trade like a casino 🎰 Key bit here is trade like the casino operates their business model. Don't trade like the clients that frequent the casinos. Why should you trade like a casino? Profitable traders understand how casinos are successful. Casinos are profitable and make money because they have an edge which they let play out. They know probability is in their favour. How many times have we all been at a roulette table thinking we have a 50% chance of winning betting on red or black. We all seem to forget about that green zero on the table and here in lies the casinos edge. With having an edge they let play out it's impossible for them not to make money. The casino is comfortable with every outcome on the bets placed knowing the edge will play out. Losses are seen as a cost of business, risk is controlled and emotions to are in check. This is why the house always wins! 🎰🤑 If you as a trader apply the same logic's to your trading strategies the end results will be the same as the casino. If you choose to trade like one of the clients in the casino with no fixed rules you essentially are gambling with you trading. Subjectivity and emotions will come in to play. Random winning and losing runs will occur which will impact trading psychology. This way of trading will only end in one way and that's by giving everything to the house or in this case your broker! Development of a strategies with proven mathematical edges ensures you will become the house 🏦💰 Once an edge is established trust your strategy and let that edge play out. ----------------------------------------- Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Thank you. Darren

Stop focusing on the uncontrollable 🙌We have all been guilty of this at some point as traders. The only thing that matters to us is the returns or the potential returns 🤑 Our only focus is those returns which we have no control over 🤦‍♂️ When returns become the only focus we fail to focus on other elements we do control that will get those much wanted gains. Once upon a time I focused on a target each day then each week and month as my only focus. Sometimes the targets were met but most the time wildly missed and I spent all my time chasing money back. Once I started focusing my efforts on the four elements posted in this idea I can control the returns started to come naturally. Every trade idea I post does have the trade history attached for transparency which includes returns. However these returns come via focusing my risk, costs, time and emotions all correctly. Risk is controlled to sensible levels capital. Time is managed correctly as automation and building proven strategies has freed me up from excessive chart time. Costs are controlled as I'm not re-depositing to my account all the time. Above all else my emotions are in check due to working to proven plans along with a systematic/rules based approach negating the need for stressful decision making. Getting those four control elements dialled in to my trading helped the all important returns to flourish. Focus on the elements you can control and not the ones you can't and trading will get a lot more simpler. Thanks for taking the time to read my post 👍 Darren.

How A Crazy Chart Can Make You Lose Thousands Of Dollars!"Crazy Chart" is the definition for putting so many indicators on your chart. it is one of the big reasons to have bad trades that will hit your stop loss easily. Who promotes those indicators says it helps you indicates the next move for the price, while the real truth about indicators that it follows the price only. Also It completely distracts you from seeing the perfect price action for entering and exiting any trades. The best advice for setting up your chart : "keep it as simple as possible" the more simple the chart the clearer vision you will have while chasing the price. Here is some rules you need to follow to be profitable: 1- use indicators for analyzing the history of the price. 2- don't depend on indicators to show you an entry for a trade. 3- use price action and candlestick formations to enter and exit any trade. 4- work with indicators that shows you the support and resistance area of the price. Lastly Know That ( there is no indicator that can predict the price next move ) if that indicator exists it will worth THOUSANDS of dollars and will not be available for free.

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