Why Day Traders Act Like Drake but Need Kendrick’s DisciplineDay traders are a lot like Drake: flashy, quick to make moves, and often living for the moment. They’re chasing the thrill of the next trade, celebrating their wins like hit singles, and always looking for the next big opportunity. But here’s the reality: while Drake’s charm works for the music charts, traders need something more if they want to succeed long-term. They need Kendrick Lamar’s discipline.
Kendrick’s artistry is meticulous, thoughtful, and built for longevity. He’s not dropping tracks every week to chase clout—he’s crafting albums that stand the test of time. Traders can learn a lot from that approach. Trading isn’t about scoring a single big win; it’s about building consistency, managing risk, and sticking to a plan.
Here’s how you channel your inner Kendrick:
Stay Humble, Stay Grounded – Don’t let one winning trade inflate your ego. Remember, the market is always the real star.
Think Long-Term – Focus on strategies that build your portfolio steadily over time, rather than trying to hit a jackpot every day.
Master the Basics – Like Kendrick perfects his craft, you need to master your entries, exits, and risk management to create lasting success.
Final Thought:
Are you trading like Drake—seeking the spotlight—or like Kendrick, crafting a legacy? Let’s discuss how you can shift your mindset and elevate your trading game. Drop your thoughts below!
Community ideas
LAURUS LABS | 125% returns | 4-year consolidation breakoutLAURUS LABS
Monthly time frame
Breakout from 4-year consolidation
Stock riding above 20- & 50- month moving averages
RSI > 50, signalling bullish momentum
MACD crossover done and is above the 0 line, signalling bullish momentum
Weekly time frame
Stock has broken out of the orange trend line resistance after retest
Stock has broken out of descending triangle pattern
Stock converging near 20-, 50- & 200-week moving averages
Golden crossover approaching (50WMA cross 200DMA)
RSI > 50, signalling bullish momentum
MACD above the 0 line, signalling bullish momentum
Daily time frame
Stock has been in an uptrend (white dotted parallel channel) since May 2023
Stock in the process of making a higher low (Dow theory)
Stock converging near 20-, 50- & 200-day moving averages
RSI = 50, signalling bullish momentum
MACD is about to cross the 0 line, indicating momentum build up
Conclusion
Entry: 450
Stop Loss: 385
Target 1: 550
Target 2: 720
Target 3: 1000
$BAT trade update, confirmation test in progressI got out this morning just to play it safe because there's a lot of hesitation breaking through major resistance, and I just don't want to be caught off guard if it retraces… I am extremely bullish on this in the long run, just trying to capture some profits if it were to pull back… There is a specific line here that I need to see it close above and I will buy back in, and I forgot to say explicitly in the video, but the line directly underneath the one I'm talking about is the one I'd like to see it close below for confirmation of lower prices ahead. Again, I'm currently sitting on the sidelines because I just don't like losing money, don't wanna be caught off guard. I've had a really good run in this so far..
Review and plan for 3th November 2024Nifty future and banknifty future analysis and intraday plan.
Stock- intraday idea included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
THE BILLION DOLLARS TRADE HIDING IN PLAIN SIGHTThis is an update of my last idea regarding BKKT stock:
Bottom line : THE breakout illustrated in my last idea is very important because in conjunction with the all time low and this algo trading short squeeze form a solid bottoming formation that has not only political headwind and good earnings reports but comes with strong momentum and volume .
Trade Recaps: GBPJPY-SHORT, EURUSD-SHORT, 28/11/2024GJ Bias Analysis: The bearish pro-trend was clear with price trading lower from a premium. After printing the weekly low and beginning to correct higher, price mitigated the 50% equilibrium during New York Killzone where I waited for further confirmation by way of a LTF TBL sweep before executing a short position.
EU Bias Analysis: The 4H had established a counter trend as price pulled back into the 1D OB and while short entries were not in line with the bullish range, IPDA was clear. Liquidity was being generated to the upside as price corrected and after a TBL sweep to the upside during New York killzone, a short entry was executed.
Grade:
- UJ: High Risk
- EU: Low Risk
Bitcoin and Gold to Counter InflationConsidering how Gold and Bitcoin surged significantly in response to inflation when it peaked at 9% in June 2022, and given that they are still maintaining their high levels, it seems the fear of inflation is not yet over.
Today, I will focus on Gold and strategies to manage this upward trend, which you can also apply to Bitcoin.
Mirco Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
$BAT trade update - Bearish today on the basic attention tokenHappy Thanksgiving, everyone!
Live analysis with a day-trader with real skin in the game, currently heavily invested in the basic attention token, but I dumped it this morning.
I believe that this is going to retrace today and perhaps tomorrow down to at least 27.6… And we shall see what happens, if not much lower say 21 or 22...
But the downturn will be very short-lived.
This is an amazing product, and I am still very long in the long and near term, even just next week or this weekend could see incredible new highs… But I am a trader by nature, not an investor, and I don't like watching my account value go down at all, especially after being in that huge run up a few days back.
If I'm gonna lose my gains to the chart, I'd rather take them out temporarily and go buy something.
I show you exactly what I'm thinking - and it's people, ladies and gentlemen… This is about crowd psychology.
ETH | ALTCOINS | All Time High NOT IN - Here's WhyToday as I looked at the Ethereum chart, I noticed that unlike BTC - a new ATH has not yet been formed. Interesting, I thought to myself, since ETH usually moves quite closely with BTC.
That is until I pulled up my trusted 3 (Bitcoin, Bitcoin Dominance and TOTAL3) and overlayed Ethereum. A key insight emerged from watching past behavior, leading me to the conclusion that the All Time High for Ethereum is still coming (and likely soon).
Don't miss yesterday's update on an Alt that can still see great increases:
_________________
COINBASE:ETHUSD CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3 BITSTAMP:BTCUSD
ES Price Action REview entire day 11-27 Overnight + RTHGoing over the price action for the ES for wednesday 11-27-24 looking back at clues the market left us and how we positioned ourselves for the day. Pain + Reflection = Growth. yesterday was an absolutely magnificent day to really study and learn from. do all your work. enjoy time with Family/Friends and give thanks for the gift of life. We get to be Alive.
EURUSD, higher to lower time frame breakdownGreetings, traders! Welcome to this EURUSD market analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
If you like the breakdown, boost the idea and follow to receive more ideas.
Trade safely
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bitcoin stall continues but will we see another push at 100K?Hi, Trading View community. Thanks for reviewing today's update. We have also examined Bitcoin.
It's been a while since our last broker update, but we could not ignore the amazing gains that crypto has been seeing lately.
Today, we examined Bitcoin's lead-up and break-out and a few scenarios based on off-price hitting different levels. Another factor we have looked at is a new record touch and whether that could lead to heavier selling, as we saw back in the COVID rally.
What do you think? Will we see 100K before Christmas? Or do we need a deeper pullback/correction before we see a rally break into the 100K area?
Good trading from Eightcap