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I thought for sure it would bounce!Well, first official day of full time trading and I lost. I have traded for about 2 years pretty actively. Made hundreds of trades with a very high win rate. I've even done a few full days trading and they always were small wins but I went hard today and the chart didn't do what I thought it should so maybe someone can coach me a bit... Can anyone tell me what I missed here? Blue box is my trade. In at 5.55 out at 5.35. 10 cents was slippage on market sell but market was closing and it was too close to the low support for me to feel comfortable riding through a closed day. Why in the world was there no bounce here. Slippage DOUBLED my loss... Something to consider. Just a fluke maybe. I'm not too worried.... YET
O
by Noxtreme
Money Management 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Money Management 101 Are you receiving a win-rate of more then 60% and still loosing money?? Money Management may be an area that you need to focus on. It is an essential element in becoming a professional trader. Listed below are 4 Simple Steps To Evaluate Your Financial Health; 1. Position Sizing A portfolio of $... and I decide to only risk 2% on a trading strategy 2. Capital - How much? A portfolio of $.... 3. Loss - How much? I must be right more then 50% of the time, but win more money on winning trades versus losing trades. I will use stops and limits to enforce a risk/reward ratio of 1:2 or higher 4. Profits - What? A profit/loss ratio refers to the size of the average profit compares to the size of the average loss per trade. For example, if your expected profit is $1500 and your expected loss is $500, the P/L ratio is 3:1 Please let me know if you have any questions :) Happy Trading "The simpler it is, the better i like it" Peter Lynch
TVC:GOLDEducation
by SMPTrader
99% of day traders consistently lose money (educational)In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by. The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and behavioural characteristics of day traders, more widely. Even if the results are 50% applicable outside of Taiwan, they are seriously worrying. For those interested in reading the study, Google: "Do Day Traders Rationally Learn about Their Ability". So, what does it all mean? For me it means: 1. That the knowledge, skill and experience required to be consistently profitable are extreme. 2. Day traders are most at risk of burning their accounts and departing never to return. 3. Even seasoned traders are at huge risks of losing money. 4. It isn't about methodology - it is about 'individual trader psychology' New traders need to be very cautious in following experts. A fair few of seasoned traders have set up training programmes, from which I suspect they make more money training, than in trading. Hard evidence on that is of course not easy to come by. But it's not me just saying so - a handful of true experts out there have said similar. [ For the avoidance of doubt, I have committed never to sell anything to new or seasoned traders. What you see is what you get. I do not need anybody's money. ]
BITSTAMP:BTCUSDEducation
by Captain_Walker
FIB-Extensions and why you might use them wrong!#Cypher-Pattern!Hey guys, here is my last video about FIBONACCI and its extensions. :-) No offens to those you use it in a wrong way -I did the same mistake! I just wanna show you how you should do it and wanna help you to improve your trading. :-) If you don`t really understand why, just check the first Video of my Fibinacco-series. Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? Need more education or signals? PM mw. :-)
Education
by Trading2ez
XPloRR S&P500 Stock Market Crash Alert GeneratorXPloRR S&P500 Stock Market Crash Alert Generator Long-Term Trailing-Stop study detecting S&P500 Stock Market Crashes/Corrections and showing Volatility as warning signal for upcoming crashes Detecting or avoiding stock market crashes seems to be the 'Holy Grail' of strategies/studies. This study detects all major S&P500 stock market crashes and corrections since 1980 depending on the Trailing Stop Smoothness parameter. The 5 crashes/corrections of 1987, 1990, 2001, 2008 and 2010 were successfully detected with the default parameters. With the default parameters this study generates 5954% profit, with 6 closed trades, 100% profitable, while the Buy&Hold strategy only generates 2427% profit, so this strategy beats the Buy&Hold strategy by 2.45 times! The script shows a lot of graphical information: the green area shows a trading period (between buy and sell) the close value is shown in light-green. When the close value is temporarily lower than the buy value, the close value is shown in light-red. This way it is possible to evaluate the virtual losses during the trade. the trailing stop value is shown in dark-green. the EMA and SMA values for both buy and sell signals are shown as colored curves the Volatility is show below in green and red. The alert threshold (red) is default set to 200 (see Volatility Warning Threshold parameter below) Trailing Stop Smoothness value: Adjust the Trailing Stop Smoothness parameter to hide/show smaller corrections/crashes: 96: 6 trades, 100% profit, 5954% profit, detected crashes: 1987, 1990, 2001, 2008, 2010 90: 8 trades, 100% profit, 5347% profit, detected crashes: 1984, 1987, 1990, 2001, 2008, 2010, 2011 74: 9 trades, 100% profit, 4964% profit, detected crashes: 1984, 1987, 1990, 2001, 2008, 2010, 2011, 2015 41: 10 trades, 100% profit, 4886% profit, detected crashes: 1984, 1987, 1990, 1998, 2001, 2008, 2010, 2011, 2015 How to use this alert generator? Add to your alerts to get an automatic warning (via e-mail) of an upcoming stock market crash Optimize parameters using the strategy settings icon, you can increase/decrease the parameters More trades don't necessarily generate more overall profit. It is important to detect only the major crashes and avoid closing trades on the smaller corrections. Bearing the smaller corrections generates a higher profit. Watch out for the volatility alerts generated at the bottom (red). Threshold can by changed by the Volatility Warning Threshold parameter (default 2% ATR). In almost all crashes/corrections there is an alert ahead of the crash. Although the signal doesn't predict the exact timing of the crash/correction, it is a clear warning signal that bearish times are ahead! The current correction in march 2018 is not yet a major crash but there was already a red volatility warning alert. If the volatility alert repeats the next weeks/months, chances are higher that a bigger crash or correction is near. As can be seen in the graphic, the deeper the crash is, the higher and wider the red volatility signal goes. So keep an eye on the red flag! Information about the parameters: see below If you are interested in buying this S&P500 Stock Market Crash Alert Generator, please drop me a message to receive the code (Price 99$).
SP:SPXShort
by XPl0RR
1
Back to the bell curve and exponential growth: adoption cycle goThe sixth is here and I want to remind people first and foremost that BTC doesn't have to do anything that we predict it will do. As a matter of fact if manipulation is as strong as some people believe then it is most certainly not going to do what the overwhelming masses believe. Just as it's best to buy when there is blood on the streets, it's going to be best to buy when every one else is selling. So let's see how plausible it is from here to get to $25k and even $30k. I'm going to put this in real simple math terms to show what the average daily growth needs to be to meet these goals. We are at just over $7.5k so I think with the volatility still in the market swings of a couple hundred dollars are still very likely. I'm going to also estimate that we only have about 180 days left this year. $25,000-$7000 = $18000 The amount that we need to increase to get to the end goal of the shorter trend-line. 180 days left in the year means that on average we only need to gain $100 dollars per day. $18000/180 days = $100. Gains and losses can be found in the 15 minute and 5 minute charts every now and then so for the daily chart to reflect this is really really plausible. $35,000-$7000 = $28000 The amount that we need to increase to get to the end goal of the second over-all trend-line. The simple 180 days again puts us at a gain of $156 rounding to the nearest dollar. $28000/180 days = $155.56 average increase per day. Now with these simple numbers, apply them to the bell curve that I've presented in the past and think about adoption. Are people running from bitcoin as a whole or adopting it even more on the whole. Use cases are still few but improvements keep coming. Even as a store of value, it is still going to increase in use for a while and that adoption rate is not going to be linear. Hence the reason I used parabolic lines. As for the two beacon examples of BTC and block chain being adopted...Taiwan and Korea. There are also a plethora of countries in turmoil where BTC is being adopted as a way to not use native fiat currency. All of this outside of the normal developed nations trying to make this more usable. Now with this said, $7000-$4000 = $3000. This $3000/180days = $16.67 dollars of loss per day over the next few months to take us down to $4000. It is really easy to see that a BTC price of $4000 is entirely plausible if things were linear, but for an adoption cycle to be exponentially increasing we would have to be on the downside of the bell curve to get there easily, and we would have to also see an agreement of sell-off between a lot of parties otherwise. For us to reach $4000 at this moment which I do believe is possible but unlikely, there would be a sell off great enough to counter act the adoption process and the reason I'm not worried about that is because if it happens that spring is going to be compressed under so much pressure that the bull run afterwards will dwarf what we saw in 2017. I don't believe that it would happen right after the fall because a lot of people are going to lose trust in the system, but after it settles again there would be a massive buying frenzy.
COINBASE:BTCUSDLong
by whiprush3
Lesson 5: Stop-Loss Strategy | A must needed for tradersHello Traders, I am back with yet another helpful lesson for y'all. This one is a must needed for any trader, and it is extremely important to get this right. A lot of people face a situation when they buy a coin at a higher price, and it just starts going down, and you just hold it in the hopes that it will go up soon. But instead, it just keeps going down more and more. Believe it or not there are many people out there who are still holding that coin because of just one mistake. They did not had a stop-loss order opened after they bought a coin. If they had a stop-loss order opened up, they would have been out at a minimal loss rather than waiting few months for the coin to come back up. If they had set up a stop-loss order, they could've bought the coin at its lowest, and then earned all those profits in lesser time. Don't you worry. I will go over this in a simple way so you can understand this topic really well. Keep in mind this is extremely important to cut your losses especially when we are not sure about the direction that BTC is heading in. Below are the topics we will go over today: What is a Stop-Loss Order? Strategize your Stop-Loss order price Advantages of Stop-Loss Disadvantages of Stop-Loss Note: For the above topic, please refer to the BTC chart above. Lets go over the topics now. What is a Stop-Loss order? A Stop-Loss order is an order set by a trader which will sell the coin if its price reaches below a set price (Stop Price) in this case. Basically if we buy a coin at $10, and you set a stop price at $8. Now, if the coin goes below $8, and if you have a Stop-Loss order up, it will open a Limit Order at the limit price you gave once the price reaches below your set Stop-Loss price. In simple terms, lets look at an example below: i0.wp.com Coin Buy price: 23000 Coin Stop: 20000 Coin Limit: 19000 Refer to the link above to see a image of how stop-loss looks like on Binance. Now lets say you buy a coin at 23000, and after you buy it, you set a stop-limit sell order with a Stop price of 20000, and sell (limit) price of 19000. So now once your coin goes below 20000, the system will automatically open a sell order at your set limit price which in this case is 19000. The benefit of this is that it cuts your losses if the coin keeps going down from that level. I know what you might be thinking right now. What if the coin doesn't keep going down from that level. This would go against you then. You are correct, but it is extremely important at what price you set your stop loss order at. We will discuss that strategy in the next topic below. I hope it is clear to you so far. That was just the intro on what Stop-Loss actually is. Now we can look at what sort of strategy we can use around it. Continue reading below....
COINBASE:BTCUSDEducation
by MoneyChartz
3
DGD in AccumulationJust took a position in BINANCE:DGDBTC . It has settled on some strong support and looks like its in accumulation. I have my stop loss set for .0276 for a %5 risk of loss and looking for a target at .0437 for a %50 gain. As the price moves up I am going to move my stop-loss up. Digix just launced their DGX marketplace, with gold backed DGX tokens. DGX is different than DGD. DGD is the fuel for exchanging DGX and proof of stake in the DAO. If you want a stable coin to store wealth in, consider converting ETH to DGX on the Digix marketplace.
DLong
by OakAndClay
15
My Limit buy triggered right before the recent upswing.Was able to ride the upward bounce off of the fib after it wicked below jsut enough to trigger my limit buy...I don't anticipate the bears are done yet though...especially since the upcoming 1day chart death cross is still seeming like an inevitability in the coming days. Now that I ahd a successful limit buy triggered I qwill likely put another top loss a few pips below where I originally limit bought back in ensuring that I only sshort again if it goes noticeably and reasonably lower than where wI just bought back in but not too much lower just enough to where a long wick wont cause me to miss the trend reversal. You all do as you see fit as this is not financial advice but as you can see on my chart my limit buy triggered precisely...however this bounce needs a ton of bull momentum to see any real sustainability. If not, and the death cross on the 1 day occurs we could plummet all the way as far down as the ascending grey trendline which I still am confident would provide serious support...however for now I think the biggest downside could be the grey trendline most likely somewhere around the $7200 region my new stop loss will probably be triggered $153 under where I triggered my limit buy. Do as you choose as this is not financial advice! Thanks for reading.
BITFINEX:BTCUSDShort
by DrDovetail
XPloRR S&P500 Stock Market Crash Detection StrategyXPloRR S&P500 Stock Market Crash Detection Strategy Long-Term Trailing-Stop strategy detecting S&P500 Stock Market Crashes/Corrections and showing Volatility as warning signal for upcoming crashes Detecting or avoiding stock market crashes seems to be the 'Holy Grail' of strategies. Since none of the strategies that I tested can beat the long term Buy&Hold strategy, the purpose was to detect a stock market crash on the S&P500 and step out in time to minimize losses and beat the Buy&Hold strategy. So beat Buy&Hold strategy with less then 10 trades. 100% capitalize sold trade into new trade. With the default parameters the strategy generates 5954% profit, with 6 closed trades, 100% profitable, while the Buy&Hold strategy only generates 2427% profit, so this strategy beats the Buy&Hold strategy by 2.45 times! Also the strategy detects all major S&P500 stock market crashes and corrections since 1980 depending on the Trailing Stop Smoothness parameter, and steps out in time to cut losses and steps in again after the bottom has been reached. The 5 crashes/corrections of 1987, 1990, 2001, 2008 and 2010 were successfully detected with the default parameters. The script shows a lot of graphical information: the close value is shown in light-green. When the close value is temporarily lower than the buy value, the close value is shown in light-red. This way it is possible to evaluate the virtual losses during the trade. the trailing stop value is shown in dark-green. When the sell value is lower than the buy value, the last color of the trade will be red (best viewed when zoomed) the EMA and SMA values for both buy and sell signals are shown as colored curves the buy and sell(close) signals are labeled in blue the Volatility is show below in green and red. The alert treshold (red) is default set to 200 (see Volatility Warning Treshold parameter below) Trailing Stop Smoothness value: Adjust the Trailing Stop Smoothness parameter to hide/show smaller corrections/crashes: 96: 6 trades, 100% profit, 5954% profit, detected crashes: 1987, 1990, 2001, 2008, 2010 90: 8 trades, 100% profit, 5347% profit, detected crashes: 1984, 1987, 1990, 2001, 2008, 2010, 2011 74: 9 trades, 100% profit, 4964% profit, detected crashes: 1984, 1987, 1990, 2001, 2008, 2010, 2011, 2015 41: 10 trades, 100% profit, 4886% profit, detected crashes: 1984, 1987, 1990, 1998, 2001, 2008, 2010, 2011, 2015 How to use this Strategy ? Look in the strategy tester overview to optimize the values Percent Profitable and Net Profit (using the strategy settings icon, you can increase/decrease the parameters), then keep using these parameters for future buy/sell signals on the S&P500. More trades don't necessarily generate more overall profit. It is important to detect only the major crashes and avoid closing trades on the smaller corrections. Bearing the smaller corrections generates a higher profit. Watch out for the volatility alerts generated at the bottom (red). Threshold can by changed by the Volatility Warning Threshold parameter (default 200 = 2% ATR). In almost all crashes/corrections there is an alert ahead of the crash. Although the signal doesn't predict the exact timing of the crash/correction, it is a clear warning signal that bearish times are ahead! The current correction in march 2018 is not yet a major crash but there was already a red volatility warning alert. If the volatility alert repeats the next weeks/months, chances are higher that a bigger crash or correction is near. As can be seen in the graphic, the deeper the crash is, the higher and wider the red volatility signal goes. So keep an eye on the red flag! To use this strategy for future trades, set the end date past today and set the Sell On End Date value to false Information about the parameters: see below
SP:SPX
by XPl0RR
3
BTC :- 4Hr Chart Analysis Hi Guys Bitcoin is now in a major testing zone.We saw a perfect pin bar pattern on the lower time frame charts and have since moved up but have given up those gains soon too. At the moment a RSI Positive Divergence is taking place and that involves the RSI Falling while Price are not below its previous lows. Keep in mind such a divergence is of benefit only if BTC picks up substantially from here on. I have still not turned bearish as we entering support zone territory from 8024-8450 as BTC could turn swifty from here on and confirm the "Higher Low" Formation that we have been speaking about.
by Akshath1994
3
Bitcoin - 15 Mins Quick Analysis BTC is now taking support at the target price of the falling wedge - That is a MAJORLY bullish sign and we should see a higher high in place once we break out the short term trading range. A flag is now in creation within the short term trading range and the target for which opens up the door to 9285. Upon Breakout/Breakdown from the Trading range you can trade for a quick 150 point gain. Short Term Trading Range Breakout Target :- 9148 Short Term Trading Range Breakdown Target :- 8648 *Flag Breakout Target* :- 9285 I am a 70 - 30 to the bulls at the moment. I see 9285 coming sooner than 8648.
Long
by Akshath1994
BTC :- 4HR Higher High - Higher Low FormationBitcoin has taken support at its previous area of demand zone :- 8300. Prices are within a bigger Flag Breakdown Downtrend but have begun forming a Higher High and Possible Higher Low Formation. Target for the Next Leg of up move will be confirmed once we break the higher high and then its a throttle all the way to the Higher High Target of 9985. 9985 coincidentally is not the target for the next leg up but also the line of Daily Resistance. Such matching of targets usually work in tandem.
Long
by Akshath1994