USD/PLN is pretty interesting from a technical point of view, it has held over its 10-year uptrend at 3.85, held over support on a weekly closing basis from January 2022 on the weekly chart AND completed an inverse head and shoulders pattern on the daily chart, with an approx. upside measured target to 4.14. Each of these indicators individually would suggest a...
In this article, you'll learn about six of the most critical and "hottest" elements that make up or are associated with AI today. In addition, you'll learn the basics of the tools that will shape the future of trading. First in the biggest and wealthiest funds and then in smaller ones as well.
I invite you to take a journey into this near and far future of...
The trader's decision-making process is one of the most important concepts in trading for me. Why? Results depend on a good process.
So what is a trader's decision-making process?
Generally speaking, these are all the thought processes, analytical processes and decisions you make from the initial analysis ("idea") to the closing and analysis of a position. The...
This article is hugely important, especially for traders outside the funds. The basis is to observe the best traders, specific behavior when they are successful. Interestingly, the same behavior is observed in the most outstanding athletes, businessmen, members of elite special units.
The best of the best, when they are successful - they want to be even better. ...
On January 22, 2020, the rising cycle on the S&P ended and the declining cycle began.
Apart from this one tool, there was no indication that we were about to experience historic declines and the biggest panic in the markets so far.
On March 6, 2020, the correction ended and the oil market entered a downward cycle.
Only one group of traders was not surprised...
Challenge: Inner Strength - Uncertainty.
Uncertainty is also a weakness that must be eliminated. It is the negation of "inner strength." An investor or trader who is uncertain about himself, his skills or his system is an investor who suffers systematic losses. Remember, however, that both overconfidence and overconfidence lead to losses. Mature traders are in...
You are about to learn about the range of challenges and dangers that can make it difficult or even impossible for you to succeed in the market. Remember: it is believed that most traders do not make money! I want you to familiarize you with these challenges today. We will look at them in more detail later. Getting to know yourself and your "opponent" is the first...
USDPLN reached the long-term growth base plotted since 2011 - there was the first important minimum in the white growth tunnel. Interestingly, each subsequent minimum every few years is practically exactly 30 polish "groszy" (polish cents) higher. Would this indicate that what we see here is the place to start? :) For a long-term purchase of the dollar on this...
Today I want to address the answer to a question that is asked very rarely but is critical to long-term performance. This question has the following form:
What is the best system for me?
Imagine that you have a system that is easy to understand and use. You spend no more than half of the month in the market, and during this time you earn enough to not only...
The best traders think in scenarios of market events. They know from experience that the market can do "anything," so it is better to be prepared for any eventuality. This approach is part of mental flexibility. It can take several forms.
Flexibility in approaching the market reduces stress
Flexibility in our approach to the market reduces stress - if we are...
In whatever way you define your success - satisfying money, a good job, a happy relationship, financial security, the freedom to do what you feel like doing, we will always mention inner strength and discipline as factors that contribute to "someone succeeding."
What is mental toughness in trading? We will define it by listing several situations and qualities...
Knowing the system
As you may have guessed, I will revisit the substantive preparation - I mean the bore about the need for comprehensive knowledge of the system. This will help us know whether a loss is a natural operation of the system (and everyone has individual losses or periods of loss) or whether there is something else behind it.
You need to get used to...
Sometimes traders freeze up in the face of some market event. I had that myself, which led to the loss of my first deposit. Many years later, I remember it as if it were today: I drew a trend line on GBP/JPY and set an order as I thought right above it. It was Sunday evening - in a moment the market was about to move.
In a moment it did. For an hour I watched it...
