In this video I would like to talk about a mistake many beginners as well as intermediate traders make, which is having a potentially profitable trading model, and pushing it to the point it stops working. I will discuss WHY it happens, WHY it never works, and WHY you should avoid this blunder.
Your trading model is the strategy that you use to trade with. It can...
SPX Broke through the 3870 at open for a nice move and continued to melt up into our 3900 Target by close. This is a bigger momentum level here and top of the double bottom move off 3741. You have to keep in mind the market ran over 160 points now in the last three days and coming into weeks close. If 3900 doesn't hold early on we can see a quicker pullback to...
Jobs Numbers and FOMC Minuets ended up being relatively stale over all, making SPX to be a consolidation day until we saw a late breakout attempt over our 3838 level. We did close over this level. For tomorrow I would look for 3838 to hold early in the morning for a possible push to our 3900 Target. We have a smaller level formed around 3870 now as well. Calls...
I bought this when the large bullish bar appeared. It was as triangle breakout.
The price was also being carried by the 20EMA so I figured this has a good chance of working out.
It would have a good 1.5x RRR too. 20 pips stop and a 30 pip TP
But - I set the size too large. Result, I got scared and cancelled the trade only to watch it zoom up.
Quite a lesson I...
hi.
we all ( even a 1-year old baby) know that we are in Bull market, for bitcoin as the big Leader and all altcoins..
but , who knows when the drop will start and what is the maximum ATH?
can you control your mind only for an hour and think for possible big drop in bitcoin and price never ever hit its ATH ( ~ 56700 usd) again that happened already!?
all...
Here is a quick update on BTC to help you understand how to deal with these drops, which can be tough mentally!
Whenever you see a big drop, ZOOM OUT!
As simple as it may seem, it works wonders.
As we can see here, we have had several dips, this dip, although this one being aggressive, it is nothing we haven't been through before.
When the panic sets in,...
Here is a quick update on ETH to help you understand how to deal with these drops, which can be tough mentally!
Whenever you see a big drop, ZOOM OUT!
As simple as it may seem, it works wonders.
As we can see here, we have had several dips, this dip, although this one being aggressive, it is nothing we haven't been through before.
When the panic sets in, ZOOM...
If you guys quickly check out the analysis/signal I put out on May 14, it turned out to be the perfect trade, reversing off the trendline and flying into kingdom come.
What was the problem you ask?
Short term vision blurred the long-term vison. Instead of capturing hundred of pips, I settled for a measely +55 pips because...I didn't trust my analysis. This was...
"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour
There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers,...
1). Over-trading and Random trading. Most people and traders think in order to make money as a trader you have to be trading all the time. If you are simply watching the market, you are missing out, or not doing your job by not trading it. This leads to over trading, and trading randomly or outside of your edge. Any trades taken that are not apart of your...
1). Over-trading and Random trading. Most people and traders think in order to make money as a trader you have to be trading all the time. If you are simply watching the market, you are missing out, or not doing your job by not trading it. This leads to over trading, and trading randomly or outside of your edge. Any trades taken that are not apart of your...
Day Trading - Only Strong Trend Days (Can also be used on HTF for investing)
There are generally only 2-5 strong trend days a month. The majority of trading days are some form of trading range days, either within a range or a weak channel which reverses and forms a trading range. On strong trend days the market offers what most traders want - a high probability...
Many traders seek consistency through the idea of mastering the markets. They consider them to be logical and therefore can be figured out. They believe with more knowledge of markets and how they operate, they will eventually make a consistent return. And so they continue searching in the markets for a reliable edge, or outside the market for a leader or guru...
