TradeConf

TradeConf

⚠️FOMO, or "fear of missing out," is a common emotion that can lead to impulsive and potentially reckless trading decisions. ⚠️ ✅Here are five key rules to help you respect and manage FOMO in your trading: 🔵 Use risk management techniques. Proper risk management is critical to successful trading. This includes setting stop-loss orders to limit potential losses...

TradeConf

👤 @Galerdev 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate my work , Please like, comment and follow ❤️

TradeConf

🔵 Relative Strength Index (RSI) The relative strength index (RSI) is a popular technical analysis indicator used to measure the speed and magnitude of a security's price changes. It is displayed as an oscillator on a scale of 0 to 100, with traditional thresholds of 70 and 30 indicating overbought and oversold conditions, respectively. By evaluating the RSI,...

TradeConf

1. Don't panic: Losing a trade can be frustrating, but it's important to remain calm and not make any hasty decisions. Remember that investing in stocks and cryptocurrency carries inherent risks, and losing a trade is a normal part of the process. 2. Don't hold onto a losing position: If a trade is not going in your favor, it's generally a good idea to cut...

TradeConf

Set clear goals and limits: Before you begin trading, it's important to have a clear idea of what you hope to accomplish and how much risk you are willing to take on. This will help you make informed decisions and avoid making impulsive trades based on emotions. Control your emotions: Day trading can be stressful, and it's easy to let emotions like...

TradeConf

Support and resistance zones are areas on a stock chart where the price tends to find support or resistance, respectively. These areas can be identified by looking for price spikes, or "excesses," which occur when there is a sudden increase in the number of buyers or sellers in the market. Support zones are areas where the price has historically found support,...