Daveatt

Daveatt P

Introduction...

Daveatt P

Hello TradingView traders, It is broadly acknowledged within the world of trading that a trader will either go long or short on an asset....

Daveatt P

Hello traders (and...

Daveatt P

Hello traders, A personal story When I was building scripts for traders back in my Quant days, I often overheard them talking about the "lockout loss" (also called "max daily loss") concept. Once reached, the trading buttons were literally disabled and they couldn't do anything. When I became a trader, I quickly realised when I lost 2 days in a row, something...

Daveatt P

Hello Traders Losses Losses are an unavoidable element of trading, and it is important to understand that they are a regular part of the process. It's critical to remember that even the most successful traders suffer losses, and how they deal with such losses defines their total performance. Setting stop-loss orders, which are orders that automatically end a...

Daveatt P

Hello traders, The gap between the true worth of an investment and its current price on the market is referred to as an investment's margin of safety. The margin of safety is a concept that is utilized in trading and investing. It is a buffer that protects investors against the possibility of incurring losses as a result of the volatility in the market or the...

Daveatt P

Hello traders For being a profitable trader, I thought long and hard about optimising all areas in my personal life (workout, sleep, nutrition, meditation, ..) but also enhancing any outputs putting my brain in a deep relaxed mode when trading. If it can make me a better trader, I'd do anything (including nootropics). I'm not letting anything out of my control...

Daveatt P

Hello traders As the global economy continues to face uncertainty, many people are wondering how to trade during a recession. A recession is a period of economic downturn, characterised by high unemployment, declining business profits, and reduced consumer spending. While it may seem like a challenging time to be a trader, there are several strategies you can...

Daveatt P

Hello traders, Feeling a bit emotional today while writing this piece of content. From my trading journal I kept updated for more than a decade... I want to share what differentiate a profitable trader from the crowd (losing money) In trading, you are guaranteed to lose your time and money if one: can't sit on his/her hands when there is nothing juicy to...

Daveatt P

Hello everyone, Trading can be a challenging and often unpredictable pursuit. It’s easy to get discouraged and lose motivation when faced with setbacks and losses. But, with the right mindset and strategies, you can stay motivated and on track to achieve your trading goals. 1/ Set clear and specific goals. It’s important to have a clear idea of what you...

Daveatt P

Hello traders 1/ Trading with the trend, also known as trend trading, is a strategy that involves buying and selling securities in the same direction as the underlying trend in the market. This is in contrast to trading against the trend, which involves taking positions opposite to the direction of the trend. The first one for me is easier on my mind... I don't...

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Daveatt P

Hello everyone I made a video explaining how to connect your indicator to my Ultimate Strategy Template The goal is to convert with only 1 line of code your indicator into a backtest strategy script Script below Thank you

Daveatt P

Hello everyone Cognitive biases are a common phenomenon in the world of trading, where the pressures and potential rewards can lead even the most rational individuals to make irrational decisions. These biases, which are essentially mental shortcuts or errors in thinking, can have a significant impact on a trader's decision-making process and ultimately their...

Daveatt P

Hello everyone, I identified early 3 kind of pains when trading/investing Pain of missing out How disheartening to get out of a trade and see it progressing way further leaving us with only a fraction of what we could have made. Took me some time to make peace with the fact that banking a piece of a whole move is OKAY. Capturing 20, 30, 50% of a trade is...

Daveatt P

Hello everyone, J.Powell said this week said smaller interest hikes could start in December 2022. Elon Musk said the FED has to pivot immediately, otherwise the more they wait, the more it amplifies the probability of a severe recession. Some indicators show the FED is going to increase the rates only one more time and then hit the pause button for a good part...

Daveatt P

Hello to you my dear TradingView readers, All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article. I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them. One reason I don't have fear of missing out is that after 11 years of...

Daveatt P

Hello to you TradingView traders, All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article. I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them. I was fortunate enough to work alongside a trader making 7-8 figures a month. 👇...

Daveatt P Updated 

Hello to you TradingView traders, All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article. I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them. If you're thinking of giving up on trading read this 👇 A long time before...