Warren Buffett famous quotes: “Time is the friend of the wonderful company, the enemy of the mediocre.” “Do not take yearly results too seriously. Instead, focus on four or five-year averages.” “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” “It is not necessary to do extraordinary things to get extraordinary...
As we head into the FOMC interest rate decision, here are some guiding thoughts when you are trading a major news event.
DOGE has had its peak! it will have a fools rally and then drop! I AGREE WITH BUY THE DIP; but buy the right dip! NO one wants expired CHIP DIP! The market cycle psychology chart tells me that this is entering to a fools rally next then a downtrend that is harsh! AFTER IT PLUMMETS to below 0.133USDT I will not be buying the dip! THE DIP IS IN THE 0.12-0.133...
The 5 rules that guide every successful trader. Do you agree? Any other pointers to add? Leave it in the comments.
The main trend (part). The timeframe is 3 days. I finished the missing part of the chart with a marker. Fractal structure. At the moment, the drain from the peak of the pampa is about -70%. From the exit of the downtrend, a sideways pattern (horizontal channel 55%) began to form. Which may become the second phase of the cup pattern (as before) in case this...
..Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren't positive that you had a sure thing? If you really believed in a random distribution between wins and losses, could you ever feel betrayed by the market? If you flipped a coin and guessed right, you...
Bitcoin BTC Crypto is forming a possible bullish triangle with a +9% increase. We have broken out of the July 2021 triangle indicating the bottom at $17,600. We should be starting to stabilize above $17,600 over the next month. We are now in the Psychology of a Market Cycle called "Disbelief". This will be confirmed over the next month now.
Trading psychology is a huge concept and it can be tricky. Many of us feel the basic fears but most of the time we just push them away and find some excuse to avoid the pain. So after i started to analyse my thinking trought trading i found out the biggest reason to my losing trades. Everytime before a losing trade I think I know how the trade is going to play....
“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder
Do not & I repeat.. DO NOT SKIP THE BASICS. The majority of traders cannot master the basics.. so what do they do? They rush straight to the next flashy strategy. Focus on mastering the basics before you move any further in your trading Journey. You'll thank yourself in the future!
Trade Plan 1. Price was trending down so i wait for a break of my key level 2. Price broke below my Key level (1.425) 3. I placed a Fib tool from the last high to the low as we are trending down. 4. I wanted a second layer of confluence which was a fib level, the level had to line up with my Key level (1.425) before my trade idea is valid 5. Price retraced to...
Despite guessing the trajectory for Ethereum over the last few weeks quite successfully , my trading profits have been " okay , " but not up to par with what I would accept as " worthwhile . " I even opened a short two days ago at support but got stopped out , instead of following my plan and opening a long . Why is that ? . After all , much of my analysis up...
🙃 When I see all these desperate or panicked publications/posts, it makes you wonder if these people have just discovered #cryptos or if they are in complete denial... ↪️ We just finished the 2nd important wave of 📉 #BTC ⏰ Wake up and start with THE base ⤵ 1) Have a proven Trading #method, thanks to 2 main #indicators of quality and evaluation of...
Safe experience lull you into a false sense of security, even when you know about a clear and present danger. That's what experts on risk and decision making** say about the role of our personal experience in our risk perception. Take 9/11 for example. Many, suddenly concerned about the risk in flying, opted to drive instead. However, in reality the risk of...
Hello, today I decided to make just an informational post for you. If you want to become a successful trader in the market one day, you must first accept the fact that the price of any instrument can make any movement, throughout my career as a trader, I have met different people and the ones that never cease to amaze me are those who define one direction and...
After a ten-month hiatus from charts, I came back to charts to try to rewire my trader's eye. Fundamentally, intuition tells me that Gold is bullish; I had a one-minute time frame entry in the highlighted region, I was doing everything wrong against my system overtrading, the timeframe is not my entry timeframe, I overleveraged after three years of trading, I'm...
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Good day friends... From my last post I shared how I have a bullish bias on XJPY pairs. And here sits beautiful EURJPY giving us a bearish setup 🤣... Am I looking to go short ? Answer is no... Why ?... In simple and plain terms ... Audjpy, EURJPY, CHFJPY, NZDJPY, GBPJPY are all positively correlated so if 4 out of the 5 have ruptured bearish order flow it's only a...