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Let's Talk About Bad Luck and Downtimes In TradingAbout bad luck and downtimes in trading. Let's discuss the downtimes that traders may face. While everyone experiences them, some traders can maintain a calm mindset, while others may collapse under the pressure. What sets them apart? As I mentioned in my previous articles, trading involves risks, much like gambling. If you're seeking a risk-free investment, consider options like bonds or long-term investments. Even with a positive expected value, trading can encounter terrible consecutive losses. For instance, my index swing trading strategy has a win rate of around 40% and a profit-to-loss ratio of 5 or higher, which sounds promising. However, the reality is that consecutive wins and losses are inevitable. A 40% win rate implies the following chances: - Around an 8% chance of experiencing five consecutive losses. - Around a 5% chance of experiencing six consecutive losses. - Around a 3% chance of experiencing seven consecutive losses. - Around a 2% chance of experiencing eight consecutive losses. How many consecutive losses can you handle? Can you keep your emotions in check? Can you survive the phase of self-doubt and questioning the strategy's correctness? These are all crucial factors. The most critical aspect is always capital management, ensuring that you retain profits and avoid being eliminated by the market. When feeling down, it's essential to accept your emotions and not avoid them. Embrace yourself and the imperfections of your trading. Take a break and improve your mood. Only trade when you can maintain a rational mindset. Go for a walk, chat with your family and friends, enjoy good food, and appreciate the beauty of the world beyond trading. Although it's against human nature, keeping an open mind and discussing your loss situation with others can be helpful. This helps you face yourself honestly, rather than trading for self-esteem or self-display. Trading goals should focus on making money, self-realization, improving life, and helping those in need. Always remind yourself. Evaluate the feasibility of the strategy, the ability to withstand consecutive losses, and manage your money well. Be aware that downtimes may occur at any time, but long-term positive expected value trading will lead you in the right direction. I hope this article can be helpful to you. I'm trader Beta, and you can also find me if you need a psychological coach. Wish you all the best of Luck while trading.
CME_MINI:NQ1!Education
by Eleta1228
Two methods to ensure no loss of principal There are only two ways to avoid losing capital: one is to have a small stop-loss space (reflected in the entry position), and the other is not to bet too much at once. For example, buying one lot with $10,000 can earn $1,000, and buying ten lots with $100,000 can earn $10,000. Although the probability is the same, the more you do, the more you earn, and the less you do, the less you earn. However, controlling losses should be the top priority. As discussed earlier, if you buy too many lots this time and get stopped out, it will result in a big loss, which violates the principle of capital preservation. Some traders become increasingly greedy after making profits and then add more positions. A typical behavior is adding positions. For example, if you bought 10 lots at first and then made a profit in the expected direction, the trader would blame himself for not buying more at the beginning. Then, he would begin to imagine that the market would continue to move in the expected direction and invest most of his capital in this product, let alone any correct practices such as taking profits in batches. After you add more positions, it means that the cost has changed. Once the market reverses slightly, you will go from being profitable to losing money. At this point, you panic, lose your ability to think, and greed slowly turns into hope. You hope that this is only temporary, but the losses increase every moment. Perhaps you will have some luck a few times, but it won't be long before there is a risk of a big loss or liquidation. It is important to understand that becoming rich cannot be achieved by just one market movement, so don't be obsessed with this one time. Greed makes people forget about risk, and don't always imagine that the market will move in the expected direction, ignoring the risk of the opposite trend. This is the key to keeping your capital out of danger. Follow me, and I will share more interesting ideas that will greatly help your trading.
FXOPEN:XAUUSDEducation
by EagleEyeStrategy
Emotion-Free Trading After a Loss✅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 your losses and sell the position. Holding onto a losing position in the hope that it will turn around can lead to even greater losses. 3. Don't chase losses: Trying to recover losses by making risky trades or investing more money is a common mistake made by investors. This approach is often referred to as "revenge trading," and it can lead to even greater losses. 4. Don't give up: Losing a trade can be a setback, but it's important to stay the course and continue to invest in a disciplined and strategic way. Don't let a losing trade discourage you from reaching your long-term investment goals. 5. Don't ignore risk management strategies: It's important to have a plan in place to manage risk, especially when losing a trade. This could include setting stop-loss orders, diversifying your portfolio, or using other risk management techniques. Ignoring risk management strategies can lead to even greater losses. 🚀For updates on the latest developments in psychology, market trends, and important news, follow our page. Stay informed and stay ahead of the game with our regular updates.
Education
by TradeConf
I Am About To Make Your Day...(I think)Hey trader, I hope you're having a profitable week. ;) If not, maybe you'll have one with this trade. But before taking it, let me explain how it will unfold. The price will prepare to drop for the take profit point after it has formed a bearish reversal pattern that guides the price to break and retests its neckline and 8 MA. That's it. Simple, right? Wrong. Because the daily and 4 Hour timeframes had to behave in a certain way before deciding to look for an entry signal on the 1 hour timeframe. Our entry signal can be rejected before or after taking the trade. That will happen if the price bullish breaks and closes above our stop loss key level. With that said, take the trade at your own risk. I'm just sharing my trading journey in this platform. I'm not a financial advisor nor a signal provider. That's for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section below, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
Short
by Doji-2k1
4
USDT dominance breakout USDT.D has formed a large ascending triangle which is bullish. if we break upside, we will see huge dump in the market probably the last dump before the rally. we have to wait for the breakout in order to take the action. whether to short or long the market. most likely it's gonna break upside. it's bullish pattern also we are in the bear market. so, people will convert their assets into USDT stable coin. DXY is also bullish but currently testing a major resistance. if it got rejected again then we will see good mini altcoin season after the dump. don't panic :)
CRYPTOCAP:USDT.DLong
by Bitsleader
1
Easy Pizzy, Lemon Squezzy...Hey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bearish bounces of the 1st 4H Key Lvl and 8 MA with a bullish reversal candle pattern (1st trade) then proceeds to bullish break and retest the 4H H&S Neckline and 2nd 4H Key Lvl (2nd & 3rd trade); according to the 4 hour: the price would be in prep to rally for the H&S L1 and 200 MA; and according to the daily: the price would be bouncing off the 21/8 MA’s with a bullish candle - in prep to rally for the double bottoms neckline and 50 MA, so once that happens, then I should BUY→ E.1 - E.2 - E.3 That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
Long
by Doji-2k1
SPX Loss 9-30-22 Too early SPX Loss 9-30-22 Too early Today attempted buying and loss after jumping in too early with a tight SL. Only used about an 1/8th of my normal lot size so the loss is nothing major at all. Was looking for a move off of the 15m+FVG and it moved instead off of the 15m+OB. Wasn't being patient this morning with this setup and jumped in before the orders came through. NAS orders didn't come in until the 9:45am candle and I entered the trade around the open ahead of the orders. A little more patience and I at least get to close at BE. So today was a missed trade on the drop and a small L. I'll take that!
BLACKBULL:SPX500Long
by Cory4rex
EURGBP Forecast: Will the price rally? EURO POUND NEWS AND ANALYSIS Recent developments in the UK are pushing the price up. The ECB Press conference might say otherwise at 14:45. Price is forming a bullish head and shoulder pattern on the monthly that's accompanied by a double bottom on the weekly time frame. Fundamental Outlook The pound has been rallying up lately. Market seems to be reacting to the appointment of the new UK's prime minister - Liz Truss, as a leader of the ruling conservative party. The campaign that was ran by Truss had a significant impact because it promised to support households through this time of soaring inflation with tax breaks cited as one of the mechanisms of easing the current cost of living crisis. In addition, Truss plans to assist in the region of 40 billion pounds to business with rising energy costs. Therefore, the promises of relief to households and businesses is likely to support the pound in the short-run. Monthly Technical Outlook As you can see, the current price is fully forming the head and shoulder pattern, bullish break and retesting the the 50 and 21 moving average to currently trying to do the same on the Monthly Half a Bat Neckline. If the price does that and continues to rally to break and retest the Monthly H&S Neckline together with bullish crossed short-term moving averages, that will signal an upcoming 3 level uptrend. But if the price bounces off the Monthly H&S Neckline with a bearish reversal pattern that leads the price to bearish break and retest the 50 and 8 moving average, that will signal an upcoming drop. With that said, we're looking at an either or situation. Weekly Technical Outlook In the weekly chart image, we have the price currently bullish running in the double bottoms 1st level. The pattern expects the 2nd and 3rd levels to be formed. That will happen if the price continues to bullish break and retest the monthly key levels that are in line with the weekly ones (as you can see). If the price bounces off the Monthly H&S Neckline, that will signal a rejection of both the monthly and weekly signal, which will likely drop the price for the monthly's bearish trend. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share in the comments section, I'd love to know your thoughts! Stay Blessed, Sphatrades.
Long
by Doji-2k1
1
BTCUSD Aug W.4: Long-term trend alert!Hi friends, I hope the week is unfolding for y'all as planned ;) Today, we've got another possible long-term trade signal. These trades signals are only derived from this timeframe (Weekly). The monthly doesn't fully support them, and that makes the trades highly risky. I feel like the price won't drop to the last target. I think it will reverse on the 3rd Weekly Key Lvl to form the monthly's double top accumulation phase that will either retest the Monthly Neckline 2, ascending trend line, together with the 50 and bearish crossed short-term moving averages to fully confirm the bearish signal or break the key levels to trigger a bullish long-term trend signal. This is what I'm talking about: Furthermore, as you can see on the chart, the price might continue to drop to the Monthly Support after bearish breaking and retesting the 2nd Monthly Key Lvl. That will half confirm the weekly's signals. Speaking about the weekly, let us take a look at how the bulls and bears might behave in triggering our trades and disconfirming them before or during the trade. Bulls: -If the price bullish breaks and retests the Mini Weekly Neckline and 8 moving average, that will be our first dis-confirmation. It will likely lead the price to rally for the 2nd Weekly Key Lvl and 21 moving average for our 2nd disconfirmation. We will exploit that trend because it will be the monthly's counter-trend signal that will be anticipating the Monthly Neckline 2, ascending trend line, together with the 50 and bearish crossed short-term moving averages that expect retests. Bears: -If the price bullish spikes or retests the Mini Weekly Neckline and the 8 moving average with a bearish candle formation or close (1st trade signal) that leads the price to bearish break and retest the 1st Monthly Key Lvl either on the current or lower time frame (2nd trade signal), that will fully confirm our trades and I call or grade these type of trades a "H&S C-E.1 signal". That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Sphatrades.
BITFINEX:BTCUSDShort
by Doji-2k1
GOLD Aug W.4: Long-term trend alert!Hi friends, I hope y'all had a fantastic weekend, and are ready to tackle this week strong ;) Today, we're looking at a possible long-term drop on this baby. These trades are derived from both the weekly and monthly. Starting with the monthly, the price is in the huge double tops 2nd leg formation that is bouncing off the bullish crossed short-term moving averages with a bearish shooting start candle pattern, triggering what I call a "Double Top A-E.1 signal". The weekly, on the other hand, is currently bearish running in the double tops L2 and below the 50 moving average and bearish crossed short-term moving averages (8 and 21), triggering what I call a "Double Top A-E.1 signal", but it hasn't fully confirmed. Let us take a look at how this signal and its trades will trigger, and how it won't fully confirm our bias. Bulls: -If the price bullish rallies to break and retest the 2nd Weekly Key Lvl and 8 m.a, that will dis-confirm both the weekly and monthly signals, and the price would be in prep to form a bullish reversal pattern that will be followed by a bullish trend. Bears: -If the price bullish spikes or retests the Weekly Neckline 3 or 2nd Weekly Key Lvl and 8 m.a with a bearish candle pattern or reversal candle pattern formation/close (1st trade signal) that leads the price to bearish break and retest the Mini Daily Half a Bat Neckline (2nd trade signal), that will confirm our bias and the price will drop for this timeframes double top L3 and the monthly's double top accumulation phase. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know you thoughts! Stay Blessed.
FOREXCOM:XAUUSDShort
by Doji-2k1