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Harmonic Patterns

Power of Consistency 📉📉📉Consistency Power 🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight 🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your system only if you have more than 100 trades journaled so you know what works and what doesn't 🔰 Don't try to hit home runs aka BIG RETURNS OVERNIGHT it's a gambler short term thinking and their account have zero durability overtime 🔰 Focus on risk management and improve your edge over the market on a daily basis both technical and mental/emotional LONG TERM over SHORT TERM ✅
BINANCE:BTCUSDEducation
by AnonimFXRO
The 2 Different Market Condition 💰💰💰💰 Balanced Market Occurs 1)Before any bigger economic events, news are expected (e.g RBI policy announcement, FED meeting ..etc) 2)Consolidation in the market after the uptrend or downtrend. 3)Low Participation from the Other timeframe players or Institutional players (Christmas & New Year holiday season) 4)Lack of liquidity(both buy side and sell side) in the market. The result of this price rotational process is the discovery of prices that are acceptable to both the buyers and the sellers. 💰 Imbalanced Market : It represents a trending market (uptrend or downtrend). Imbalanced market shows the conviction of other timeframe players. The auction is said to be one sided or directional where there are either more Buyers than Sellers or more Sellers than Buyers depending on the direction of price. Imbalance of buyers will drive the prices higher till the buyers exhausted and the sellers take control of the market. And the Imbalance of Sellers drives the market lower till the sellers get exhausted and the buyers take control of the market. 💰 Imbalanced Market Occurs When 1)Major economic event days (RBI rate decision day, Election Results Day, GDP Announcements…etc) 2)Major catastrophic events. 3)Opening Gap Up or Gap Down days due to major positive or negative news impact. 4)Strong Global Markets Sentiment.
BINANCE:BTCUSDEducation
by AnonimFXRO
Volume Trading Indicator ✅✅✅✅ Volume is an important indicator in technical analysis because it is used to measure the relative significance of a market move. The higher the volume during a price move, the more significant the move and the lower the volume during a price move, the less significant the move. ✅ Volume indicators are technical tools to evaluate a security's bull and bear power. Most look specifically at buying vs. selling pressure to determine which side is in control of price action. Others attempt to identify emotions that are moving the security at a particular time. ✅ A high positive multiplier with high volume indicates strong buying pressure which pushes the indicator higher. On the other hand, a low negative number with high volume indicates strong selling pressure which pushes the indicator lower. ✅ Down volume indicates bearish trading, while up volume indicates bullish trading. If the price of a security falls, but only on low volume, there may be other factors at work aside from a true bear turn Do you use Volume Trading Indicator ?
BINANCE:BTCUSDEducation
by AnonimFXRO
📌WHY RISK MANAGMENT❓❗📛✅ Traders heard to consider risk management but aren't given good enough reasons for this risk management rule. We'll explain the the psychology and biology behind our frenzy of buying any stuff in bullish market or depression after our thoughtless, recklessness decisions ... ⚪⚫🔴🔵 🆗Anyone who has taken a risk understands its visceral feeling. Dr. John Coates puts it beautifully, “Risk engages our entire being,” and his book The Hour Between Dog and Wolf: Risk Taking, Gut Feelings, and the Biology of Boom and Bust explores how risky wins and losses can change us “Jekyll-and-Hyde-like beyond all recognition.” Running the derivatives trading desk for Goldman Sachs and later Deutsche Bank in New York, Dr. Coates witnessed first-hand this biology of risk-taking and its effects in the financial markets. During the dot-com bubble and bust, he observed cocky and unreasonable behavior when traders were on a winning streak, and the extreme opposite after huge losses. Looking to bring biology to the story of overconfidence and irrationality in our financial market instability, he retired from Wall Street and returned to the University of Cambridge in 2004 to study neuroscience and endocrinology, in order to understand how risk-taking affects our bodies. Dr. Coates’ research found that hormones are at work during risk-taking: testosterone is likely to rise in a bull market, while cortisol is likely to rise in a bear market. Moreover, these hormones and signals from the body not only influence risk-taking among financial traders, but they also have wider implications beyond the markets. In the John Coates Book, That winning feeling The ancient Greeks believed that we were visited by gods during defining moments in our lives, such as winning battles, love, and childbearing. Those instants felt extra vivid and powerful, but Dr. Coates discovered that these feelings are really induced by our hormones, not Olympian gods. Testosterone fuels the “winner effect.” It affects the brain, increasing confidence and appetite for risk, but after an extended winning streak, testosterone also causes overconfidence, unreasonable exuberance, and obliviousness to danger. 🔸🔹🔶🔷◾ ✅SO doing the Risk Management Techniques for Active Traders is vital : 0)Planning Your Trades "Every battle is won before it is fought." This phrase implies that planning and strategy—not the battles—win wars. successful traders commonly quote the phrase: "Plan the trade and trade the plan." Just like in war, planning ahead can often mean the difference between success and failure. ⬛ 1)Consider the One-Percent or 2% Rule Although this rule mostly depends on your trading strategy and your market ,but this rule of thumb suggests that you should never put more than 1% of your capital or your trading account into a single trade. This strategy is common for traders who have accounts of less than $100,000—some even go as high as 2% or even more if they can afford it. ⬜ 2)Setting Stop-Loss and Take-Profit Points The points are designed to prevent the "it will come back" mentality and limit losses before they escalate. For example, if a stock breaks below a key support level, traders often sell as soon as possible. On the other hand, a take-profit point is the price at which a trader will sell a stock and take a profit on the trade. This is when the additional upside is limited given the risks. ⬛3)buying or selling in several steps this rule also called "averaging down or up". In this case assume you aim to invest in an asset but haven't any accurate strategy to determine a good entry point an exit , but you know the general trend of a market , and by allocation of your fund in different steps you can lower your risk of buying or selling , for example you want to buy bitcoin but you haven't any specific strategy so by regarding of your capital you can buy it after any drop or regular period of time for instance at each month. ⬜4)Diversify and Hedge Making sure you make the most of your trading means never putting your eggs in one basket. Whatever your asset is your challenge is to pick If you put all your money in one stock or one kind of an asset , you're setting yourself up for a big loss. So remember to diversify your investments—across both industry sector as well as market capitalization and geographic region. Not only does this help you manage your risk, but it also opens you up to more opportunities. ⬛5)Downside Put Options If you are approved for options trading, buying a downside put option, sometimes known as a protective put, can also be used as a hedge to stem losses from a trade that turns sour. A put option gives you the right, but not the obligation, to sell the underlying stock at a specified priced at or before the option expires
Education
by PRO_SMART_Trader
educationalA detailed explanation of the harmonic model SHARK 🦈 The Shark model was discovered in 2011 by Scott Carney It is somewhat similar to the CRAB model 🦀 🔹 The most important characteristic of this model is that it depends on the 88.6 Fibonacci correction ratio This model was created by combining Fibonacci numbers and Elliot Wave theory. The shark model is characterized by the need to specify the points of the model, which are X, A, B, and C The starting structure of the model is point 0. In the shark model, point B exceeds point X 🔴 bullish style 1️⃣ No specific patch for A 2️⃣ Point B corrects 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 0X and at 161.8 to 224 AB 🔴 bearish style 1️⃣ No specific patch for A 2️⃣ Point B is a correction from 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB
Education
by Elrouby
education5-0 . Harmonic Pattern The 5-0 pattern was discovered by Scott Carney 🔹It was published in his book “Harmonic Trading, Volume Two.” It is a unique model that has accurate Fibonacci ratio corrections to validate the model. 🔹Although the 5-0 pattern is considered a reversal pattern, because the 50% retracement level is the most important in the potential reversal area. Correction ratios are slightly different from Bat or Gartley style. 🔹The 5-0 category is in the 5-point harmonic reversal family of models 🔹It is essentially defined by a point B, as is mandatory for all harmonic patterns. The basic premise of the pattern is to determine the reactions after completing the opposite direction 5-0 patterns usually represent the first pullback of a major trend reversal. 🔹In many cases, the AB leg of the structure is the last failed wave of the trend.
Education
by Elrouby
Cup and Handle Trading Pattern 📉📉📉✅ A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. 🎯 Cup Handle Pattern William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. ... The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed 🎯 What happens after cup and handle pattern? If a cup and handle pattern is confirmed, it will be followed by a bullish price move upward. You can pick a price target based on the size of the cup, but it becomes much less clear what will happen after the initial breakout from the cup and handle pattern. 🎯 How reliable is cup and handle pattern? The accuracy rate for cup and handle pattern for forex and stock on Daily timeframe are 65% and 68% respectively.
BITFINEX:BTCUSDEducation
by AnonimFXRO
2
Marubozu Candlestick Pattern 📉📉📉📉 What is a Marubozu in forex? A Marubozu is a long or tall Japanese candlestick with no upper or lower shadow (or wick). The candlestick pattern comes in both a bearish (red or black) and a bullish (green or white) form and is easy to spot due to its long body. It basically looks like a vertical rectangle. 📉 How can you tell if Marubozu is bullish? The closing Marubozu is a stronger candlestick pattern. It is formed when the close price is equal to the high or the low of the day. When the close price is equal to the low then it is called bearish and when the close is equal to the high it is a bullish Marubozu 📉 What happens after a Marubozu candle? After two long red candles, the bearish Marubozu close pattern occurs, which signals that the bears are still a dominant force. Ultimately, the price action continues to move lower as the market was very bearish during this period of time 📉 How do you use a Marubozu candlestick? Basically, when trading marubozu candlesticks, Watch for bullish or bearish candlesticks to form. If bullish, take a long when price breaks above. Place stop below candlesticks. If bearish, take a short when price falls below. Place a stop above candlestick.
BITFINEX:BTCUSDEducation
by AnonimFXRO
Stochastic Trading Indicator 📉📉📉📉 The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. The indicator can range from 0 to 100. The closing price tends to close near the high in an uptrend and near the low in a downtrend, the stochastic indicator is a two-line indicator that can be applied to any chart. It fluctuates between 0 and 100. The indicator shows how the current price compares to the highest and lowest price levels over a predetermined past period. 📉 How do you use a stochastic indicator? How to use the Stochastic indicator and “predict” market turning points If the price is above 200-period moving average (MA), then look for long setups when Stochastic is oversold. If the price is below 200-period moving average (MA), then look for short setups when Stochastic is overbought. 📉 Is fast stochastic good? The "fast" stochastic uses the most recent price data, while the "slow" stochastic uses a moving average. Therefore, the fast version will react more quickly with timely signals, but may also produce false signals. The slow version will be smoother, taking more time to produce signals, but may be more accurate. Do you use Stochastic Indicator ?
BITFINEX:BTCUSDEducation
by AnonimFXRO
1
Trading Psychology 📉📉📉✅ If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. ✅ In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. ✅ The mechanical stage of trading is specifically designed to build the kind of trading skills (trust, confidence, and thinking in probabilities The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing Creating a belief that "I am a consistent winner" is the primary objective 🎯 I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success an d, therefore, I never violate them. 🎯 The greater your confidence, the easier it will be to execute your trades To even start this process, you have to want consistency so much that you would be willing to give up all the other reasons, motivations, or agendas you have for trading that aren't consistent with the process of integrating the beliefs that create consistency. A clear, intense desire is an absolute prerequisite if you're going to make this process work for you. The object of this exercise is to convince yourself that trading is just a simple game of probabilities ✅✅✅
OANDA:XAUUSDEducation
by AnonimFXRO
Trading Aspects to Master 📉📉📉🎯 Analysing To trade like a profesional first of all you have to learn technical/fundamental techinques to trade the market without them you have zero chance to succed in the markets. Learn - candlestick patterns, simple patterns, fibonaci, market structure, trendline, imbalance, orderblock, volume profile etc 🎯 Risk Management To survive in this game you need a very strict risk management, you will pass hard times and your account will survive. Risk Management rules should include : Risk per trade Session Risk Daily Drawdown Limit Weekly Drawdown Limit Monthly Drawdown Limit You have to know your numbers, start small then grow. 🎯 Entries Develop a rule based entry strategy always and every time, for example you will short a certain asset only if price is in a bearish market structure and its rejecting a fibonacci key area, you have to build your own system and develop confidence. Was this information valuable ?
OANDA:XAUUSDEducation
by AnonimFXRO
Intra-Day Strategies 📉📉📉Today i will share with you types of intra-day strategies that can work in every market no matter if it's forex/stocks or crypto. 📊 Reversal Strategy Buy close to the support (demand area) and sell from the resistance (Supply area) for the reversal move 📊 Patterns Buy/Sell using different technical patterns such as Wedge,Triangle,DoubleTop Double Bottoms, Head&Shoulders 📊 Moving Averages Using MA to understand trends and cross-overs, basically you have to LONG when price is above EMA/MA and vice-versa 📊 Pullbacks When a new's event makes a big movement such as CPI,NFP, Unemployment but then a correction move happens 📊 Gap Up/Down Trading Gap's Up/Down basically they appear during fundamental release or fundamental context when the market is closed, it's basically a big discrepancy between buyers and sellers What is your intra-day strategy
OANDA:XAUUSDEducation
by AnonimFXRO
Three White Soldiers Candlestick ✅✅✅Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high. 🎯 To identify the three white soldiers pattern, look for three consecutive green or white candlesticks. Each must open and close progressively higher than the first. The candlesticks should have big bodies and very small (or no) wicks. As mentioned, you are likely to see the pattern at the bottom of a downtrend. ✅ What Do Three White Soldiers Tell You? The three white soldiers candlestick pattern suggests a strong change in market sentiment in terms of the stock, commodity or pair making up the price action on the chart. When a candle is closing with small or no shadows, it suggests that the bulls have managed to keep the price at the top of the range for the session. Basically, the bulls take over the rally all session and close near the high of the day for three consecutive sessions. In addition, the pattern may be preceded by other candlestick patterns suggestive of a reversal, such as a doji. ✅ Limitations of Using Three White Soldiers Three white soldiers can also appear during periods of consolidation, which is an easy way to get trapped in a continuation of the existing trend rather than a reversal. One of the key things to watch is the volume supporting the formation of three white soldiers. Any pattern on low volume is suspect because it is the market action of the few rather than the many. To combat the limitation of visual patterns, traders use the three white soldiers and other such candlestick patterns in conjunction with other technical indicators like trendlines, moving averages and bands. For example, traders may look for areas of upcoming resistance before initiating a long position or look at the level of volume on the breakout to confirm that there was a high amount of dollar volume transacting. If the pattern occurred on low volume with near-term resistance, traders may wait until there is further confirmation of a breakout to initiate a long position. Was this information valuable ?
Education
by AnonimFXRO
2
📊 What is Market Seasonality ? 🎯 Seasonality refers to particular time frames when stocks/sectors/indices are subjected to and influenced by recurring tendencies that produce patterns that are apparent in the investment valuation. 🎯 Seasonality is a characteristic of a time series in which the data experiences regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over a one-year period is said to be seasonal. 📊 What is a Seasonality Forecast? In time series data, seasonality refers to the presence of variations which occur at certain regular intervals either on a weekly basis, monthly basis, or even quarterly (but never up to a year). Various factors may cause seasonality - like a vacation, weather, and holidays - ✅ You can use the Market Seasonality as an extra fundamental confluence for the price, we have 2 market seasonalities bullish and bearish. If a price has bullish seasonality it means the pariticular asset will tend to rise during that cycle and viceversa. Market Seasonality (MS) is a good tool to have in your arsenal but only if you are trading on a mid-long term perspective. You can't trade using the market seasonality on a scalping or a intra-day basis because it makes no sense. Was this a valuable information ?
Education
by AnonimFXRO
2
Survival Rules in TRADING 📉📉📉📉 Survival rules in trading for newbies, if you respect those rules i can make a bet you wound't lose your account as the majority of traders are. 📉 The key word there is IF YOU RESPECT ✅ 1. Always trade with a stop loss ✅ 2. Have a pre-determined risk on each trade no more then 1% ✅ 3. Don't move your stop loss if the price is not going in your favour ✅ 4. Don't add to losing positions, only viceversa. Add to your winning positions ✅ 5. You have to increase your risk only if you are in profit on your account, decrease your risk when you are losing and increase it when you are winning. Hope that was usefull for your trading plan.
Education
by AnonimFXRO
1
Forex Market ✅✅✅ ✅ KEY TAKEAWAYS The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another. Market participants use forex to hedge against international currency and interest rate risk, to speculate on geopolitical events, and to diversify portfolios, among several other reasons. Major players in this market tend to be financial institutions like commercial banks, central banks, money managers and hedge funds. Global corporations use forex markets to hedge currency risk from foreign transactions. Individuals (retail traders) are a very small relative portion of all forex volume, and mainly use the market to speculate and day trade. ✅ Who Trades Forex? The forex market not only has many players but many types of players. Here we go through some of the major types of institutions and traders in forex markets: 📊 Commercial & Investment Banks The greatest volume of currency is traded in the interbank market. This is where banks of all sizes trade currency with each other and through electronic networks. Big banks account for a large percentage of total currency volume trades. Banks facilitate forex transactions for clients and conduct speculative trades from their own trading desks. When banks act as dealers for clients, the bid-ask spread represents the bank's profits. Speculative currency trades are executed to profit on currency fluctuations. Currencies can also provide diversification to a portfolio mix. 📊 Central Banks Central banks, which represent their nation's government, are extremely important players in the forex market. Open market operations and interest rate policies of central banks influence currency rates to a very large extent. A central bank is responsible for fixing the price of its native currency on forex. This is the exchange rate regime by which its currency will trade in the open market. Exchange rate regimes are divided into floating, fixed and pegged types. Any action taken by a central bank in the forex market is done to stabilize or increase the competitiveness of that nation's economy. Central banks (as well as speculators) may engage in currency interventions to make their currencies appreciate or depreciate. For example, a central bank may weaken its own currency by creating additional supply during periods of long deflationary trends, which is then used to purchase foreign currency. This effectively weakens the domestic currency, making exports more competitive in the global market. Central banks use these strategies to calm inflation. Their doing so also serves as a long-term indicator for forex traders. 📊 Investment Managers and Hedge Funds Portfolio managers, pooled funds and hedge funds make up the second-biggest collection of players in the forex market next to banks and central banks. Investment managers trade currencies for large accounts such as pension funds, foundations, and endowments. An investment manager with an international portfolio will have to purchase and sell currencies to trade foreign securities. Investment managers may also make speculative forex trades, while some hedge funds execute speculative currency trades as part of their investment strategies. 📊 Multinational Corporations Firms engaged in importing and exporting conduct forex transactions to pay for goods and services. Consider the example of a German solar panel producer that imports American components and sells its finished products in China. After the final sale is made, the Chinese yuan the producer received must be converted back to euros. The German firm must then exchange euros for dollars to purchase more American components. Companies trade forex to hedge the risk associated with foreign currency translations. The same German firm might purchase American dollars in the spot market, or enter into a currency swap agreement to obtain dollars in advance of purchasing components from the American company in order to reduce foreign currency exposure risk. Additionally, hedging against currency risk can add a level of safety to offshore investments. 📊 Individual Investors The volume of forex trades made by retail investors is extremely low compared to financial institutions and companies. However, it is growing rapidly in popularity. Retail investors base currency trades on a combination of fundamentals (i.e., interest rate parity, inflation rates, and monetary policy expectations) and technical factors (i.e., support, resistance, technical indicators, price patterns). Was this information valuable ?
Education
by AnonimFXRO
Trade Defensively 🔰🔰🔰 🔰 Trading Defensively • Proper Lot Size Stop changing the lot size on each trade you take based on the ,, confluences,, your risk should be pre-determined and fixed. Example you risk only 0.50% from your account on each trade • Take Profits before News Release Number one goal is to protect your equity, news can bring high volatility into the markets and random big moves. It is better to fix your profit or move your stoploss to breakeven before important news release • Use Trailing Stops Secure the profits and let your winners run, you can apply this strategy when you are already in profit and want to squeeze more from the trade • Multiple Take Profits Remember that a win is still a WIN, you dont need big profits to be profitable in the market. You need small consistent wins and over time you will see the difference Was this information valuable ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Why i TRADE ✅💸 Why i Trade ? Trading is a serious endeavour where you meet with the financial elites of the world, i will give you couple reasons why i trade and why do i recommend it for you as well. ✅ Be your own BOSS You don't have a BOSS, you are your own boss. You have to be very disciplined because no one is looking at you to be productive ✅ Freedom of Time You have the Freedom of Time to work when you want, from where you want. As the advantage above you have to stay very disciplined because it takes time to acquire the skill ✅ Travel You can travel whenever you want as you are your own boss, this happens only if you are a profitable trader. I dont recommend you to trade during travelling as your focus level hardly decrease What any advantage you see ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Tips for Trading Currency Pairs ✅📉 Trading Currency Pairs I will try to explain in this post what you should look at when you are starting trading the Forex Market (Currency Market ) ✅ Choose Liquid Pairs Choose liquid pairs so you will have all your orders filled easily, dont trade pairs with low Liquidity as those can impact your trading results. EURUSD / GBPUSD / AUDUSD / NZDUSD etc and don't trage USDZAR / USDRON / USDBRL and other exotic pairs ✅ Analyze Fundamentals Fundamentals drive the markets especially in the Forex Market, take a look at the country's monetary policy are they hawkish or doveish on a certain currency, also take a look at inflation, nfp, unemploymenyt, gdp as those affect the market as well. ✅ Determening the Leverage My recommend leverage for newbies is something around 1-30 / 1-50 so you wound't over trade. ✅ Trading Strategy Always ensure you have a trading strategy when you will start to trade, look at those things such as market structure, key psychological levels, fiibonacci, moving averages to build a trading strategy. ✅ Choose your Trading Timeframe You have to know what trading style you are trading, is this scalping on the lower time frame or highertimeframe position trading. Ensure you have this noted in your trading plan
BINANCE:BTCUSDEducation
by AnonimFXRO
Plan Before Execute 📉📉📉✅ Plan Before Execute - It is very important when you stard trading financial markets to have a plan that you follow, no plan means you dont know what you are doing and where you are going. ✅ Have an entry strategy - it is very important to know your edge, your edgea means when you enter the trades based on what confluences. Couple confluences or entry strategies are trading with the market strucutre + key leveles + fibonaci retracement or moving averages to generate trading ideas ✅ Use Stop Losses to Protect Capital - The first goal of a trader should be capital protection not capital growth, always use the stop loss on each trade. Use Take Profit - You are making money when you are closing the position, its also very important when you are closing the trade. Always place your take profits in areas where price gives a reverse signal. For example you entered from a support area with a BUY you put your TAKE PROFIT near a resistance area where price could reverse What do you think ? Comment below..
BINANCE:BTCUSDEducation
by AnonimFXRO
Two Biggest Trading Mistakes 📉📉📉✅ Two Biggest Mistakes in Trading . ✅ No STOP LOSS Run the risk of incurring a much bigger loss than expected may lead to wishfull thinking and end up holding and hoping may cause panic selling when trade goes against your direction, no stop loss trading in the long term will kill your account in the short term you can survive. ✅Overtrading - Higher change of losing focus as there are too many traders placed wil be emotionally overwhelmed to perform optimally, placing oversized positions than one can handle financially What do you think ?
BINANCE:BTCUSDEducation
by AnonimFXRO