When to up your share size?Many traders have 2 or more trade set ups.
It is important to know the following:
1)The risk of your trade must be in accordance with the winning percentage of the trade set up.
1)Your share size should increase or decrease in accordance with the winning percentage of the trade set up.
* Share size increase must be in accordance to you account size (account management)
These concepts are what separates really good traders from average traders.
Educationalposts
Life-Awakening teachings of 'THE STOCK MARKET'This publication is dedicated to thanking one of the greatest and strict teacher the ‘Stock Market’.
The lessons of the market not only help one to succeed in the stock market but also helps throughout life.
This 5th September i.e. Teacher’s day let’s have a detailed look at 5 Great Learnings of Stock Market and thank her for these
life-awakening learnings.
-> Discipline: The most important teaching in markets is discipline. As the wording of Jim Rohn states “Discipline is the bridge between goals and accomplishment” stock market develops that bridge.
The market has its way of teaching and punishing, I think all of us had witnessed its punishment whether in form of not keeping stop loss or not following your trade system.
Discipline plays a vital role in an individual’s life. As said by Horace “Rule your mind or it will rule you. ”The disciplined person has the power to rule his mind whereas others lack this ability.
-> Patience : Another gem cultivated by markets in our personality and harvested by us throughout life. One of the familiar names of our school time Benjamin Franklin says “He that can have patience can have what he will.” market first teaches this gem to us then offer us what we wish.
We all have at least once missed taking the real profit by not waiting till the target is achieved but leaving the trade in midway though it was moving in our direction the reason is we lack patience and the market gives profit only to eligible ones so, either you be eligible or market will make you fit for it by its own way.
-> Ability to conquer 3 gateways of hell: According to ‘The Bhagavad Gita’ there are 3 gateways to hell i.e. Lust, Greed, and Anger.
The market helps its students in conquering those strong emotions. The beginner in the stock market has a strong lust for making money very quickly and greed for making lots of money without that kind of effort and when he fails in his motive anger gets born in his personality from where degradation or hell starts.
Those few people who still have not left the hands of the market get the knowledge to conquer those emotions throughout their journey in markets.
-> Faith in yourself : One of the famous quotes by Ralph Waldo Emerson is “The best lightning rod for your protection is your own spine.” market strengthen that spine so that we as its student can withstand any kind of storm in our life.
Before taking any trade based on your analysis requires self-belief on the early days people hesitate but later they rely on their analysis because the market has taught them self-belief.
-> Crush your arrogance: Market is popular in crushing the arrogant guy along with this removing any trace of arrogance in his personality. The famous wording says “Close some doors today. Not because of pride, incapacity, or arrogance, but simply because they lead you nowhere.” market as a kind teacher keep a keen eye on her student for arrogance as she knows that as soon as arrogance arises person starts his fall.
All of us had witnessed that whenever we start thinking that we have mastered markets and try to neglect discipline market slaps us badly to awaken us that we are still newbies and still had to learn a lot.
According to me, these 5 are the most valuable learnings of markets but if you have any learning of market much valuable in your life please mention in comments.
Also, comment which subjects teacher in your school life is as strict as the stock market, for me its 2nd language(Hindi) teacher.
Finally great thanks to 'The Market' for these great teachings.
The stock market gives success only to eligible ones so, either you be eligible or the market will make you fit for it in its own way .
Tata Consumer Product Ltd . The beauty of Trend & PatternsThe idea here is about :Tata Consumer Product Ltd.
I thought of publishing this to show the beauty of how the trend is interconnected with harmonic, wave patterns & market sentiments.
Below are the points taken from the chart:
1. On 15th September 2021 downtrend channel begins & till 16th November 2021 chart completes double top & Bearish ABCDE pattern.
2. From 16th November 2021 till 20th December 2021 price sees a downtrend breaking the previous support zone.
3. From 20th December 2021 till 14th January 2022 price retraces but gets rejected from the previous support zone which is now become a resistance zone.
4. From 14th January 2022 till 7th March 2022 price continues in the downtrend direction forming a falling wedge pattern.
5. From 7th March 2022 till 2nd May 2022 price moves in the opposite direction of the downtrend and breaks the downtrend channel. I see it as over brought zone. Price couldn’t keep the upward momentum & again gets back in the downtrend channel from 4th May 2022 till 26th May 2022 and tests the newly formed support zone.
6. From 26th May 2022 to 7th July 2022 price tries to break the downtrend and forms a ascending triangle, price breaks the downtrend successfully on 8th July 2022. This is a clean break out of the downtrend channel.
7. 8th till 14th July 2022 price retests the downtrend and confirms a upward momentum.
8. From 12th July 2022 till 12th August 2022 price completes shark pattern.
9. Shark Pattern: The shark candlestick pattern is a new harmonic chart pattern discovered in 2011 by Scott Carney that indicates a trend reversal possibility.
Entry, stop loss & Exit targets are provided for understanding the shark pattern on the chart.
As traders we cannot foresee things clearly until certain points are established on chart. Therefore it is always better to have patience and wait for clear signals before we make our move in the market.
One should always swim along with the market instead of hopping on and off at the wrong time.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations.
Cheers.
Is TA working? A 2k pips drop case studyThere is a great debate about whether technical analysis works or not, and my personal opinion is that most of the time, YES.
In this educational post, I will use EurUsd as an example and we will see how, using basic technical analysis knowledge, we could have been on the good side of the market for more than 2k pips.
So let's get started...
We can see from the image above that after a nice rise started in the first part of 2020, EurUsd reached a strong level of resistance at the beginning of 2021(remember, support and resistance are more likely zones than fixed price points) and dropped to the next zone of support.
A new leg up followed this drop from the beginning of April 2021 and we have EurUsd again at resistance at the end of May 2021.
From this level of resistance EurUsd dropped again and in mid-August is again at support.
As it was normal, we have a rebound from this level of support, but the pair was unable to reach the previous resistance and stopped its rise in the previous level of resistance, just above 1.19.
Important note: Although the zone above 1.22 acted twice as resistance we can't yet call for a double top!!! We need the break under the neckline for the pattern to be complete.
Finally, on September 2021, we have the break under the neckline and the double top pattern is now complete.
As we've learned, we need to have confirmation for the break and this comes at the end of October.
Now we can take into consideration the measured target for the pattern of 500 pips and this is reached in just a month after the test, at the end of November.
Let's go further and we can see that after the target of the double top was reached, EurUsd entered a range trading period between and old support which is now resistance, and the target of the pattern which is now support.
Also, we have 2 great selling opportunities for EurUsd this year using the level of resistance in January and February.
Again, going further, in March we have a break of the support of this consolidation, and considering a 300 pips range, we can use it as a target which is reached IN JUST 4 TRADING DAYS!!! Also, if you go back in 2020 you will see that 1.08 acted as support from February till May.
Again we have a reversal and the rise stopped in the old support, now resistance at 1.12 zone. Another great selling point
To fast forward and get to "our days" we can see that after the retest of 1.12 we have a sequence of two similar outcomes with resistance at 1.08 and 1.03.
That being said, in my opinion, there are 3 things that you should take from this post:
1. Trust the process
2. Trade higher TFs and look at the overall picture
3. Trade in the direction of the trend
Best of luck!
Mihai Iacob
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit BINANCE:UNFIUSDT BYBIT:UNFIUSDT COINBASE:UNFIUSD
Educational post on CVD or Cumulative Volume Delta and how I use it to confirm scalps and swing trades
Unfi Short Scalp using CVD to confirm the trade - 84.86% profit in 30 minutes!
Delta only shows us market orders. NB!!!
Bearish CVD: (used in this trade)
Price making LH but CVD making HH. People are aggressively market buying, but highs in price can’t be taken out. Bigger limit order trader has absorbed price
Bullish CVD:
More people market shorting (CVD) but Price forms HL. CVD makes LL.
if price making HL and more people market shorting, then a bigger trader or traders has come in with a limit order and absorbed the market shorts
Both leads to trapped traders and you can expect a decent follow through.
Not Financial Advice. DYOR. Papertrade before trading with real money.
Hope you have a profitable trading day!
Shawn
PSG ACCUMULATION BREAKOUT🚀#PSG (Update)
Here is a daily timeframe analysis. Price broke the first accumulation zone which led to the trendline breakout.
There’s a retest on the current accumulation. Therefore, I expect a push upward to $13 and $14.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
💥Total Market Cap last dive to $960B#TOTAL (Update)
With regard to my previous idea here
Total just showed us a very good confirmation by breaking the inner trendline (rising wedge support) and falling towards the outer trendline.
Therefore, I expect Total to dive down to $960B before the move upward.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
💥Crypto Total Market cap - Pump or Dump?#CRYPTO (Update)
Price got rejected at 1.176T and it’s approaching a weak trendline which can make the market dump.
Also, price can pump and break 1.23T zone and continue to rise.
Let’s wait and see how market will play out.
In the meantime, kindly share your opinion in the comment section about what we should expect this week, a pump or dump?✍️
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
💥Bitcoin last dive to $20,000#Bitcoin (Update)
Here is a daily timeframe analysis with price in a rising wedge. As shown here, price is at the tip of the wedge. A breakout which can be an upward or downward breakout is needed.
I expect Bitcoin to break downward for the last dive to $20,000 before the move upward to $37,000.
Aside this post, Bitcoin is overall bullish.
Not a financial advice🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
STEP 2 to MASTER TRADING: what to do with the NEWS. NEWS BRING TERRIBLE TRADING CONDITIONS
During release, spread is all over the place, in addition you can easily miss the fill. So actually worst time you can enter a position is on a release itself, hoping price will rise or fall. But usually, price will make massive moves up and down, liquidating hopeful "news traders" before going in either of direction. So next time when you will regret you were not involved in the news move, just remember that you would not have a good entry point anyway.
PRICE CAN GAP BELOW YOUR STOPLOSS
Another really important thing to keep in mind is that very often during red news, price can momentarily and significantly gap, and now instead of your breakeven or usual -1RR, you'll have -2 or -3RR, and what's worse - you'll have a big drawdown in your emotional capital.
ILLUSION OF UNDERSTANDING
Sometimes beginners, and even advanced traders, fall into this illusion. Someone reads 5 articles about a specific news type, and now begins to think they understand how the news will effect the market.
In reality, each trading instrument is effected by hunderds of factors, and anyone who wants to understand them, should spend months, even years with that one instrument, learning literally everything about it and what effects it. Everything else is just gambling or being naive.
EFFECT HAPPENS BEFORE THE RELEASE
If you've being familiar with smart money or institutional trading, ideas of Wyckoff, you'll know that institutions position themselves long time before news release, during accumulations and distributions. Market structure gets established long before actual realease, and what news do are just producement of sporadic moves, grabs of liquidity and easy manipulations. But only 0.01% of news actually change pre-established structure and starts a new trend, big picture doesn't change because of news. What actually starts a move and a trend are accumulations and distributions, and news really can be a part of it, but only a small part.
SO WHAT TO DO ABOUT THE NEWS?
1. Check red news releases during your day. Don't enter 15-30 min. before and after the news.
2. If you're already in a trade, and price came relatively close to your entry, it's better to close out the position now, because remember that price can gap below your stoploss.
3. If you're positioned in profit significantly away from the price, leave the position open.
So to recap everything above, you need to trade YOUR SYSTEM, YOUR EDGE - for me it's structure, SnD and confirmations - but also we need to acknoledge the short term chaotic news effect, and use our knowledge to manage risk and that's all.
Hope this post give you better understanding what should you do in order to become a successful trader.
I will be grateful if you support this post by smashing the BOOST button and sharing it with other traders. Thank you!
Dima
How to control your trading mentality 🧠Mental training helps individuals to improve their performance by preparing their emotions and mind. Focus, confidence, and motivations are important factors of mental factors. According to a study done at Brown University, it may be possible to train your brain’s automatic emotional responses. It may improve your experience in trading. To be a mentally tough trader, one should tap into his emotional and mental resources that keep his mind in check at its peak as often and consistently as possible. One may make wrong decisions when he/she is unstable emotionally and mentally.
Stop 🚫
It does not matter how you good or how experienced you are in trading. If you don't see the whole picture 100%, your trading experience would end unsuccessfully. What happens when you keep hitting that stop loss and losing money? Your body starts to release cortisol, the primary stress hormone, which increases blood sugar in the bloodstream. When cortisol level is more than normal, you will have high blood pressure, will become agitated, irritated and start to sweat. You have to STOP! You will only lose more if you continue to trade. Take a breath and take a step back. When you come back, you will have a better perspective and a better picture of how to trade.
Accept ✅
Every trader has their own pace of learning and trading. Don't compare yourself to others. Your friend may have started earlier and made more than you. You just have to ACCEPT! Trading is not about competition. You cannot start trading with a competing mentality. Don’t take a higher risk than you can handle. If you have only $100, just accept that you have $100. 100 is a start of a bigger number. Don’t follow social media group who claims how much they made and how easy it is. Your brain may unconsciously make competitive decisions.
Make a plan 📝
You have to make a plan. You may have made a plan and failed. Let me tell you what worked for me. Like many traders, I lost in the beginning. The more you lose money while trading, the more you focus on the money not on the trading. When you focus on money, you may try to find money by different ways; borrowing, stealing and some in easy ways. To make a plan to trading, you have to see the whole picture; the risk, the situation it is creating for you, your family and finance and your future.
Summary
It is important to stop when you are overwhelmed and take a step back. When come back you will see how much difference it makes when you are calm and in control of your emotions and mind. Accepting that you have your own pace of learning and trading is also crucial in trading. Last but not least, to make a plan consider the risk and the situation. Be prepared and be in control of your emotions.
Now you know when to stop and accept. You are ready to start your trading journey.
Don't put at risk what you already built. Take it slow at your own pace.