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Risk Management

Expectations and TradingExpectations and Trading When you trade, you look at chances that either come true or don't. You can't expect or demand anything from the market or from other people who take part in the market. No one owes anyone anything in this world, and trading is no different. In trading, you have complete freedom of expression; you can do almost anything and however you want. This freedom will show you how irrational people are and how they can't just control their thoughts, feelings, and actions. All traders lose money because they take too many risks and don't have enough self-control. How long does it take for a trader to lose control of himself? A feeling of being left out It all starts with the idea that money has been lost. This feeling is exactly what makes people want to take more risks. You open the chart and see that the price of your favorite asset has been going up for more than a day. Then you start thinking about how much you could make and where you could spend that money. This makes you want to buy an asset with a larger volume so you can make more money. You make a trade that is set up to have the best possible outcome, but you have no idea or acceptance of the possible consequences. Revaluation Take a look at what you have done so far. Are you ready to put everything on the line? If the answer is no, you should ask yourself, "Why do I want to put everything I have at risk?" Most likely, you feel this way because you want to make a big change in your life. But do you really know what's at stake? "Filter of perception" or what are the risks of expectations? What happens after you have set up the expectation that the trade will go well for you? When you go into a trade with more money than you need, you somehow set yourself up for a good result. Your mind starts to ignore information and signals from the market that don't fit with what you already think, as if you were wearing blinders. You won't know for sure how this filter works until you close the deal and stop having false hopes. Is trading something that everyone can do? Trading is not something that everyone should do. To get good at this craft, you have to work on yourself all the time, get over your emotions, control your thoughts, and question your own decisions while always following the rules. Don't give up on trading if you think it's not for you. You can be successful if you only do what you really want and work to improve yourself and show off your inner potential. What is it to trade? Trading is a game of chances, and you should have the right mindset for it. You shouldn't feel bad when a stop loss happens, because if you use a method that has a certain chance of working, you know that in the end, you'll still have made money. It's just a matter of time. You can survive and put off the so-called "trader's cycle" only if the trading process makes you feel good. System trading System trading means that you only make a trade under a certain set of rules. Your system could include chart patterns, candlestick formations, indicators, a certain astrological date, and more. No matter what, it's important that the chance of success and the risk vs. reward are both high. As soon as you make your own trading system, start keeping a trade diary, write down the rules of your trade, and answer when you enter a trade, you will be in the big leagues of traders, and nothing can stop you from making money on the market. If you stick to your own rules, you'll be happy with both your take profit and your stop loss, knowing that you did things in a planned way. It is not your fault that the stop loss worked or your credit that you got a take profit. Worry and concern Before making deals, many traders are afraid and have doubts. These feelings are bad for you, so don't give in to them. They will only get in the way. You might be scared to open trades because the amount of money you risk in each trade is too high. Let's draw an analogy. You and a friend make a bet on the flip of a coin. The coin is strange, so it comes up heads 70% of the time. If it comes up heads at least once, you lose. If it comes up heads twice in a row, you win. Can it happen that heads come up twice in a row by accident? What's four? Yes, it sure can! Your task is in increasing the number of coin flips to win the bet as often as possible over time. The same is true of the business you do. When you act in a systematic way on the market, you might get four stop losses in a row. But at the same time, you shouldn't lose a lot of money that will change the way you live. One to two percent of your capital is the best amount to put at risk in a single trade. Getting a stop loss only won't throw you off your emotional balance and let you fall into the "trader's cycle" if you have so much used volume. If you don't think this is enough, ask yourself, "Is the goal of your trading to try to increase the size of your capital no matter what, or to keep it and grow it?" How often you trade ? Overtrading, which leads to "trading burnout," is not a small mistake made by new traders. Your job is to wait in a humble way for a new system to set up on the chart. You don't have to look at the chart every ten minutes. Instead, decide on your own what timeframes you will use to trade, and keep in mind that the longer the timeframe, the more reliable the signal. Take profits and stop losses in a row The most important thing to remember is that you must keep acting according to your trading system, no matter how many stop losses you get in a row, and you must keep not acting against your trading system, no matter how many take profits you get in a row. The market can be irrational, and technical analysis may stop working at those times, but that doesn't matter. What matters is whether you are acting in a systematic way and whether you are in control at this moment. We can get several stop losses in a row if we only follow our trading system, but we don't have to worry about losing a lot of money or feeling bad about ourselves because we know that over the course of a few years, we are statistically certain to succeed if we trade on system entry points that have a 70% chance of working out and a ratio of possible profits to possible losses of at least 2:1, which guarantees us a profit even if we lose. Conclusion Real traders trade probabilities based on market signals in the moment instead of building expectations, because they know that expectations lead to unfulfilled expectations and missed opportunities. You can only make money with a system, self-control, and time.
BITSTAMP:BTCUSDEducation
by Crypto4light
2
Trading with 0 stress👉So you see a trading opportunity. It looks like a fair setup. You get confirmation to enter, but you hesitate. You're afraid of losing money, or you have some anxiety that keeps you from pulling the trigger. This is a problem that almost all traders face at some point in their trading career. I too have suffered from fear of losing money and this problem has led to other mistakes that have stopped me from executing my best trades. Today I share my process of what I did. To reduce my anxiety while trading and the actual steps I took to improve my trading execution. ❓ Do you think the color of the candle affects you while trading? Of course it does. Feel free to tell me if this sounds familiar in the comment section. You enter a long trade expecting the market to go up. You gain a few %, then the price turns against you and forms a red candle. And you start watching the movement, especially each candle pointing down. And you focus on the red color of the candle. 😱You get more and more anxious. When another red candle forms. This was a big problem for me in my early years. I closed my trades after a few minutes. When I saw more red candles below my entry point. The solution to overcome this is simple: 🧨 Change the color of the candles to one color. This way you will only track the price and its range. Let me ask you, which of the texts on the screen is the one that is easier to read? The single colour or the multi-colour? There is a phenomenon in psychology called visual perception. Your brain is always looking for patterns in commerce. If you use multi-coloured candles, you reduce your ability to recognise patterns. Let me repeat that. Your brain is looking for patterns, and one of those patterns is similar colors. Colors affect your brain, your emotions, your feelings. Your psychology, potentially your trading ability. To trade best, you need to trade in a neutral, unbiased state of mind. I've bought in the past because of fast moving red or green candles, I've made bad trades, both on entry and exit. If you get anxious during an open trade, use candles of the same color. So try this simple tip to reduce your reaction to price movements. Change the colour to anything but not to red. Blue or green, yellow or white candles. Just stay away from red and give me a feedback in a week or so. I find myself calmer using a single color for the up and down candles. Maybe this little brainstorming session will help relieve some of the anxiety. 👉 Here's another situation. You see a long opportunity. The price is around the key level and you need to decide. You pull the trigger at, say, $50. You say to yourself, "Wait, I'll wait until... until the market drops a few cents. The market drops to $50.02, but you're still waiting. And then the market goes back up to $50.10 and... you say to yourself, I'm not getting in now. That's a worse price than five minutes ago. I'll wait until it goes down again. And of course the price never comes back. It goes up without you. And now you're frustrated because you anticipated the move, but your perfectionism... prevented you from pulling the trigger. Fear of losing money and perfectionism can lead to irrational behavior, overanalyzing, overthinking and slowly draining your mental energy. 🟢 One of the problems I personally struggled with was. That I wanted to be perfect in my trades. I was looking for the perfect opportunity. You know, when you enter and the price never goes against you, not even one %. Being a perfectionist in trading is stressful and always being on the edge doesn't help you make good trading decisions. In most cases, when you are waiting for the perfect entry, you realize you just missed a big move. Trying to time your entry precisely, at the entry point, is a foolish undertaking. Perfection can be your biggest enemy in trading and can cause you a lot of stress. 🟢 Here's how to reduce that anxiety. Use ranges instead of exact prices. As a day trader, you will not be able to track price movements every minute of the day. That's why you should use price ranges instead of exact prices. This gives you some flexibility. And of course you still need to be strict with yourself when executing your plan. Good traders are vigilant, yet patient. When a lineup they've been waiting for pops up, they grab it without hesitation. But until that time comes, they won't budge. The price fluctuations that lure other traders. They choose to reserve energy for what they are prepared for and ignore everything else. They don't chase the market, they let the market come to them. The opposite of this is forcing trades. You know the feeling when you wait for a trade, see some activity, and pull the trigger early. You force the trade. I did that almost every day. 🟢 Here's the solution. Stop using market orders and use limit orders instead. Basically let the market come to you. Once you have selected the assets you want and done your analysis, you need to determine the prices where you will buy and sell. Your goal is simply to buy and sell at the best possible prices, and use your research to identify reasonable prices in advance. Not only will this help you get a better deal, it will also help you avoid emotion-based trading. The simple solution to reducing stress and anxiety is to only act when the conditions are what you expect. Letting the market come to you is a difficult but valuable skill to learn. So forget market orders and use limit orders. This will reduce your emotional involvement and prevent you from making bad decisions. 🟢 If you want to reduce stress and anxiety while trading, you should switch to higher time frames. This will allow you the time needed to make informed decisions. I know you will find it difficult at first, but you will continue to struggle with anxiety and stress until you make the change. If you are feeling nervous and afraid of losing money, I highly recommend trying the higher time frames. Again, this transition to higher time frames is difficult and most traders are reluctant to switch. But you need to change your environment if you want better trading performance. If you trade in an environment like the 1-minute or the 5-minute chart, you risk the risk of market noise. True, higher time frames don't offer trading opportunities with as much speed, but the signals generated are more reliable and have a much higher chance of working. Better to trade a handful of good quality trades. Rather than trying with many poor quality trades. Daytrade trading is exciting, but it also requires you to monitor price movements for many hours. Most daytrade traders initially like the excitement and moving on lower time frames, but it's only a matter of time before they experience mental burnout, and once mental discipline is exhausted, greed, frustration, anger and impatience will bring bad trades and send you into a dangerous state of mind from which it is difficult to recover. So move into higher time frames. You'll only spend a fraction of the time in front of the charts, and you'll be at less risk of burnout. After a while, you'll find that it becomes much easier to work with a cool head while maintaining mental and emotional discipline. 🟢 How often do you enter trading? The setup looked great, then the price went straight away to your stop-loss before it got to your take profit level without you. Without profit, this is probably the most frustrating scenario many traders face on a daily basis. Because you fear losing money, you tend to use small stop losses. You don't want to make a mistake and try to keep your losses small, but keeping your levels too close to the entry candle is a recipe for having your account cut to pieces. A tight stop relies on you having very precise, near-perfect entries, and we've already talked about perfectionism in trading. If you repeatedly see your stops being hit regularly before the price turns in the original direction, it is very likely that you have placed your stops at levels that other traders use, especially if you trade on obvious price movement patterns. My advice is to start trading with a wider stop loss and a lower position size away from the entry. The position size you use should be small enough that neither a loss nor a gain will affect your mindset and ability to continue trading, only then will you really focus on proper execution. 🟢If you are trading the markets with your hard-earned money, but you don't know what your trading strategy is and you don't trust your market analysis skills. You probably shouldn't be trading with a live account. One of the biggest reasons why you are nervous and afraid when you trade is that you will lose your money because you don't trust your own trading skills. You may not have learned a trading strategy. You do not have a trading plan, you do not keep a trading diary. You are simply not prepared to take risks. Real money at risk in the markets. That is why you feel fear when you trade. Basically, trading anxiety comes from not knowing what you are doing. I have talked many times about the value of a trading log. The key is to use your trading log to keep track of when you are at your best and when you are at your worst when it comes to your trading and your emotions. I pay close attention in my trading diary to times when I make mental mistakes, such as not trading a good trade when I know I should. When I am afraid of losing money or avoiding a good trade, I look for triggers and patterns. Was I confused? Did I make that mistake in a particular market situation? Do I have certain feelings and emotions from previous trades? These are the intangible factors that you need to track in your trading log. 🟢 Most traders are fixated on short-term results. They make money by pressing a few buttons and don't pay attention to the process that makes it possible. They make mistakes, learn from them, and correct them over and over again. Everyone thinks about winning, but few think about the benefits of losing . In my experience, most wins are directly attributable to a big losing trade that I learned from making money in the past. As a trader it makes no sense if you don't understand why/why you can't repeat. Similarly, losing money is a valuable experience. If you understand why you lost. Paradoxically, you cannot understand why you win. Without first understanding how you could have lost in the same situation. So change the way you think about losses, because they will show you the direction of repeatable victories in the future. If you've already lost, at least don't lose the lesson. Take care my friend and have a good trade!
COINBASE:MATICUSDEducation
by CryptofolioHungary
DEMONS OF TRADING | Don't Think Like This Have you ever wondered what helped all those professionals of Wall Street become successful? You will be surprised, but the key to their reached heights is hidden in their mistakes. Yes, that is right. Most professional and successful traders made many mistakes before they got to the top. Making mistakes is ordinary and sometimes even necessary because you learn when you make them. The crucial point of this idea is never to repeat those mistakes because some errors may cost us a fortune. That is why we gathered 10 most common trading mistakes to prevent you from faults and losses. Little preparation Entry to the Forex market is relatively easy, so people have a light-minded attitude towards trading knowledge. Beginner traders, especially, think that theory is not a big deal, and they will be able to build it up without a peep. However, it does not work this way. Miscalculating the risk/reward ratio For some reason, many traders believe that higher win trades are more profitable than lower ones. Sometimes, this idea even gets paid off, and due to blind luck, trades, where the potential risk exceeds the reward, benefit. However, in most cases, such trades are a sure way to lose money in the longer term. Avoiding risk management Risk management should be the core of your trading because it helps cut down losses. Trading without risk management is like skydiving without a parachute. Neglecting market events Relevant market news is essential as economic events influence the direction of trading during the day. So, if you are not aware of the financial reports or earnings, you might skip the volatility. To win the game, you need to develop your thinking and how you participate in the game. You are in a market trading against professional traders. Your goal is to think like a professional. That is the only way to survive in this game. Please, like this post and subscribe to our tradingview page!👍
Education
by EliteTradingSignals
7
The 3 Kinds of Trading Pains You Need to KnowHello 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 OKAY. You know why? It's still more than any loss and obviously more than 0. Pain of losing money Basically, it's when we're either wrong on the trade direction or trade timing (= when the candles will go in the expected direction). I feel it's more painful to lose gains aka some $$ we earned than losing some of our initial capital. Our brains are wired that way. It's pretty challenging psychologically to gain something and then losing it. Think about your past romantic breakups, when you lost your sport trophy because the adversary team outcompeted you, when you give a candy to a child and then take it back... (don't do it, it's mean ^^) Recovering from a catastrophic loss took me multiple months - I was disgusted of trading - I didn't want to open my trading terminal anymore. I ended up blaming everyone (the market, the broker, ...), then decided to crawl my way back up trading demo and with small position sizes again.... same as a beginner should do. If you lost money due to that FTX scam, I can relate to how you must be feeling..... Assessing counter-party risk is complicated, especially when we see institutions, senators investing into our broker.... The only hedge for that is paying ourselves often... I do it every week... my gains (if any ^^) are safer on my bank account rather than on any broker. Pain of being "inexperienced" Being inexperienced is the psychological state of not thinking in a rational way anymore and letting our emotions leading our actions. Typical scenario: we receive "easy" signals and we didn't take them because we were fatigued or furious because we lost taking previous signals with the same system. Assuming an overall profitable strategy, not respecting the signals from your trading system leads to missing out on gainers and losing money (ending the day/week with a net negative P&L) Respecting your signals WILL NEVER be easy .... but.... it's the less painful choice as the alternative is wasting your money, your time and your energy. Conclusion The pain of losing money is greater than the pain of missing out.... by far.... That's why, most profitable traders burnt 1 or more trading accounts, of course involuntary, and learned that essential lesson the hard way. Once we feel that pain, we don't want to feel it anymore ever..... and we take a lot of actions such as journaling, meditating, sleeping/eating well, working out to shut down our "monkey brain" acting based on emotions
Education
by Daveatt
1
WHY MONEY MANAGEMENT IS THE MOST IMPORTANT RULE OF TRADING!Hey Traders here us a quick video that explains why money mangement is essential to trading success. Regardless of what level of trading education and experience you are this can benefit your trading. Without proper risk management it is very difficult if not impossible to protect your investment capital. Trading is a game of probabilities and in order to come out ahead I think it's important to know when to risk more or when to risk less. Especially when you are on a role in a winning streak vs waiting for the tides to turn during a losing streak. Enjoy! Trade Well Clifford
Education
by TradeTheIndex
6
HOW TO MANAGE YOUR EMOTIONSHello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading: 1. DO NOT ACT ON ANGER: every time you feel strong emotions, hold back and revisit your trading plan, is your move aligned with your initial plan or are you acting on irrational emotions? One of the worst things is to take a position based on anger after a loss in order to recover the losses. Take a deep breath and rethink your decision! 2. DO NOT FALL IN LOVE WITH YOUR POSITIONS: we all want to always be right, but sometimes we have to accept a bad position and close it. It is common to fall in love with our positions and hold it out of hope that the market will switch, but involving emotions just blow the account, stick to your plan! 3. ESTABLISH SOME TRADING RULES AND KEEP A TRADING JOURNAL: setting your own rules of trading and risk management is crucial for a profitable account. No matter what you hear from others and how good a position may look, if it is not aligned with your rules, do not take it! Moreover, do not change a strategy after some losses, stick to what you have learnt and planned, keep the information in a trading journal and plan your next moves based on you learnt from it. 4. TAKE A BREAK AFTER 3 LOSSES IN A ROW: it is natural to have a bad day, but when this happen do not become over emotional and over trade, but rather take a break and wait for a new and fresh trading day. Strong emotions will ruin any important decision, no matter the context, so try to avoid them. 5. SET TP AND SL AND TRUST YOUR JUDGEMENT: after establishing your trading plan and risk management plan, in order to stick to your risk to reward strategy, you have to use Take Profit and Stop Loss orders, and trust your judgment and the market. No matter what happens, this helps you have a clear forecast of your account, without blowing it. Also, avoid getting greedy and secure your profits with take profit order. 6. LOWER THE TRADE SIZE: if you feel overwhelmed by the risk on each trade, and out of fear you make irrational decisions, try to lower the trade size to what feels comfortable with you. After doing this, always update your trading strategy! 7. DO NOT GIVE UP! : there is a point when every trader feels like giving up, losing all his faith, but you should understand that this is the normal journey, with ups and downs, and if you do not let yourself intimidated by the downs, the ups are limitless!
OANDA:XAUUSDEducation
by m_maia14
2
Why You Shouldn't Feel "FOMO" AnymoreHello 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 trading, I've learned that almost no one in this game keeps the money they've made. A person's 10 minutes of fame does not excite me. Usually, I'm right in thinking that they'll end with nothing. 👇 Here is Why 👇 My uncle made a fortune trading stocks during the dot-com boom, so I got into it. He came up empty-handed. With cryptocurrencies, I've seen young men turn $1,000 into over $100,000 in a matter of weeks. They've since lost everything and are now penniless and in debt. Robert, one of the greatest legends to me in my trading journey, was once up $60 million from trading. He finished with nothing more than a good story. I've seen it time and time again. I'm no longer surprised by the rollercoaster of huge gains and losses. It is my standard assumption. I don't want anyone to suffer financial hardship. Even those who appear to be clueless and act like fools. The market gives and the market takes away. It is extremely effective in this regard. So let me say this: if you've made 100,000% in trading, I sincerely wish you the best. But if you want congratulations, tell me when you’re retired. The skills to make money are very different than the skills needed to keep that money. The latter were more difficult for me to acquire... If you want me to expand more on that topic, please let me know in the comments section. I'll keep bringing a few articles like this every week because it helps me clarifying my thoughts AND giving back to the community makes me feel good about myself somehow :) I intend to share all facets of what makes a fantastic profitable trader and how to attain that status. This is both the most difficult and the most rewarding job. Thank you for reading Dave
CME_MINI:ES1!Education
by Daveatt
11
Smart Money vs Retail traders (How to Think Like Smart Money)😱 There were a few people there talking about their losses, that they had no idea what to do and I wrote this to them: It's mostly the fault of mainstream media + youtubers + twitterers etc. It's really easy to communicate the simplest approach that everyone understands and subscribes too. Note that if everyone is on the same side... Usually most people are wrong. They take past events too much at face value. But the market is constantly changing. Its to buy on the upside and not during pullbacks + HODL HODL HODL. With that said they really have no idea where they should get out and get in. That's fine by the way. News can be picked up by any of us from the news portals. They don't inform anyone about the negative side of things. It's a tough place to be and you can't take it half as seriously as it is communicated. Unless you are an investor (REAL) you are looking at the market long term. A multi-year perspective. Of course it doesn't pay off here either. The crypto market is still pretty damn small. No one is too late. Now most of you are losing time, but everyone has to start somewhere. I was in the same situation in 2017. I was drowning. Now I'm still looking at these corrections from + xxxxx% profit. Unfortunately we have to give ourselves time in the market and endure pullbacks of -20-30-40-50-60% to see 3000% profits. Realizing upwards during the upswing is not a bad thing. For me, a huge part of my strategy is to have a lot of money on the sidelines. That's why. Especially on 4H trend changes I sell everything that is not bullish. Then I sell others too if they break the trend and just trade. 💡 We are in the best market in the world, but psychologically the hardest market. If you learn to manage these things and use volatility to your advantage rather than your disadvantage, then it's a game changer. 💡 Institutions (fund managers, pension funds, banks and whales) think in long term horizons and monitor price action based on that (Years, Decades) Small investors, retail traders monitor things in low time frames (Minutes, hours, days). Small investors quickly switch between optimism and pessimism based on current price movements and news in the media. It can be a bull market one day and a bear market for a small investor the next. Institutional investors are not sentimental, they assess the growth rate of the market sector, the total market size available, the adoptation/acceptance, the growth of the network, the analysis of revenues (to predict profitability years and decades in advance). If an institutional investor draws a conclusion, they hold it until the underlying financial situation changes. Small investors usually have limited money to invest, so they often resort to leveraging, which typically results in full liquidation. Leveraged trades have "unlimited" potential losses, and therefore small investors (who do not like to buy spot because it is not "cool") can easily "drop out" of trading because of the "unlimited" losses from leverage. Think about it... as a retailer, you have your precious and hard-earned money on the line. Do you have time to lose what you've worked hard to earn, or even more? Why can't you accept that this is a profession? We study in university for 3-10 years to get an average salary afterwards. But here we are not willing to spend a couple of years without constantly taking time away from yourself with losses? Levrage are not bad. The user is the dangerous one. 😱 There is a reason why 90% of retail traders lose money. 💡Institutionalists brazenly exploit those with few resources and fear. Institutional investors have access to billions of dollars worth of resources and have teams of quantitative/statistical experts who control the automated trading algorithms. Institutional investors have deep pockets and can influence the general sentiment of the market through the press (news, social media and interviews). Institutional investors influence the news that small investors read. Institutionalists are well known for advertising higher prices to retailers to "buy at the top", This is the FOMO factor (Fear of Missing Out). They are also notorious for creating tremendous market fear (FUD - Fear Uncertainty and Doubt), which encourages retailers to "sell at the bottom". 💡 Institutions are also actively involved in futures, options and derivatives markets. They all actively benefit from short-term price cycles as well as longer-term accumulation strategies. The institutions are sophisticated, financially strong and have expertise. Institutions make money by attracting small investors into the market (via FOMO) and then liquidating their positions (via FUD). In the market, one person's loss is another person's gain. 💡 There is a learning curve that 90% of your people want to skip and get rich overnight. Unfortunately, this is not reality. Knowledge is incredibly important. If you want to be a doctor, or a surgeon, you don't just walk into the operating room and say give me a knife and I'll cut this guy open and operate him without any knowledge. You really have to know what you're doing. If you're an engineer or you want to be an engineer, without training or knowledge, it would be very difficult for you to build a bridge or a skyscraper. You need the knowledge. If you want to be a teacher, but you don't know the subject matter, it would be very difficult to teach students in a meaningful way if you don't even know what you are teaching. So it is essential to acquire knowledge, but that knowledge has to come from the right people. So mentoring is also vital. Everyone must also understand the psychological aspects of investing and trading. Because a lot of people lose money in the financial markets. Not because they are stupid, but because their emotions get the better of them. Focusing on learning is incredibly important, it changes your life. Of course, this doesn't just apply to investing and trading. It applies to everything, which is why the financial markets are so incredible in their ability to create meaning in life, if people are open to it, and if they don't focus too much on money, then money will simply be the result of doing things the right way. Over time, if you do things the right way, you will become rich, you don't have to become a millionaire overnight. If you want to do that, you will probably lose all the money you put into the hands of institutions that want your money, want you to be captivated by a fantasy world. The reality is that you need the knowledge to fight the big players and win. 💡Self-control is also a must. All wealth will pass without self-control. Self-control makes you keep the money you earn. There are many examples of this among people who have won huge amounts of money without earning it. For example, people who win lottery. These people basically give back all the money they made because they didn't really earn it. A lot of times, the money they didn't earn is put back. When you earn money with self-control, you never have to give it back! It is yours and will continue to grow. 💡 The key is to get off your ass and get moving. Remember these things and you'll be fine.
BITSTAMP:BTCUSDEducation
by CryptofolioHungary
10
The Lesson From The Biggest Trader I've KnownHello 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. 👇 Here is what I learned from him👇 The Pareto law The Pareto principle or law of the vital few, stating that 80% of the effects come from 20% of the causes. Took me quite some time to truly understand it Throughout the years, I've had a sneaking suspicion that a small percentage of my trades were responsible for the vast majority of my profits. Basically, trades I entered early, in the expected direction and held until the next support/resistance zone. Such trades, where the next S/R confluence zone is "far" tend to give the best results. Then I started to wonder if I should prioritise only those setups over others because of how lucrative they are. Why bother taking the "less easy" trades right I asked to a senior trader at the prop? His answer was enlightening He said, "because we don't know upfront if those trades will work... we only know they have a better chance of giving bigger rewards.... though it's not a guarantee" And that's why we have to take the other trades too because "even those ones could bring a lot of gains even though the initial configuration is probabilistically less rewarding" This piece of wisdom killed me inside because I'm lazy and as everyone, I want to make the big money taking a few trades per day/week only I felt some pain to learn there is no guaranteed way to know upfront even if a likely high rewarding trade will finance my future fancy lifestyle.... He told me then "If you want to make a soccer player wage, you'll have to take bigger position sizes for those high reward setups" Sounds obvious right? When you know your trading system gives 20% of very rewarding trades and 80% of small gainers, it makes sense to increase one position size for the rare high reward trades. Very quickly, I learned that any other strategy for making money in trading is doomed to failure. To balance out my losing trades and have a decent profit at the end of each month, I had to bet big on high reward setups. Might sounds shocking to most of you but even with a low win rate, as long as your winners size and PnL are far higher than all the other trades, you'll be profitable. This simple change was one of the main things that helped me become a very successful trader. Success defined as how consistent I am at making the desired monthly/yearly salary and at increasing it every year. If you struggle making money out of your trading, take some time to reflect and identify which trades setups usually bring you most of the available gains. Then backtest visually what you would have made if you'd had 2X, 3X, 4X the position size on those trades, keeping all the rest equal. I'll keep bringing a few articles like this every week because it helps me clarifying my thoughts AND giving back to the community makes me feel good about myself somehow :) I intend to share all facets of what makes a fantastic profitable trader and how to attain that status. This is both the most difficult and the most rewarding job. Thank you for reading Dave
NASDAQ:TSLAEducation
by Daveatt
2
What Every Trader Should Know About Margin Margin can be a powerful tool to leverage your investment returns or to finance purchases apart from your portfolio. Margin is an extension of credit from a brokerage firm using your own eligible securities as collateral. Most traders typically use margin as a means to purchase additional securities, but there are other uses too. Interest is charged on the borrowed funds for the period of time that the loan is outstanding. Benefits of a Margin Trading Account: Use the cash or securities in your account as leverage to increase your buying power. Get the lowest market margin loan interest rates of any broker. Diversify trading strategies with short selling, options and futures contracts, or currency trading. Borrow against a margin account at any time and repay the loan on your own schedule. Margin borrowing is only for experienced investors with high risk tolerance. You may lose more than your initial investment. Before trading on margin, understand the following risks: Trading losses may be greater than the value of the initial investment Leveraged investments create a greater potential risk of loss Additional costs from margin interest charges Potential margin calls or liquidation of securities Hey traders, let me know what subject do you want to dive in in the next post?
OANDA:XAUUSDEducation
by TopTradingSignals
14
Learn Cup & Handle Pattern | Profitable Trading Strategy For Beg A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout. Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle. There are two parts to this chart pattern: The cup The handle The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom. As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed. A breakout from the handle’s trading range signals a continuation of the previous uptrend. The cup should resemble a bowl or rounding bottom. The perfect pattern would have equal highs on both sides of the cup, but in the real world, just like when finding someone to marry, perfect doesn’t exist. After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before the breakout. The handle needs to be smaller than the cup. The handle should not drop into the lower half of the cup, and ideally, it should stay in the upper third. If the Cup and Handle pattern completes successfully, the price should break above the trend established by the “handle” and go on to reach new highs. The buy point occurs when the asset breaks out or moves upward through the old point of resistance (right side of the cup). Please, like this post and subscribe to our tradingview page!👍
Education
by EliteTradingSignals
7
THE POWER OF STOP LOSSHello again! Here I prepared for you what I consider the most important tool when it comes to risk management and developing a discipline, which helped me a lot in my trading journey: stop loss! At first, I have to admit that I found it truly frustrating to see how 2 pips can trigger the stop loss and right after that my position reaches my target, but in time, I realised that in order to stick to my trading strategy and become profitable, I have to also accept the losses, even when I consider them "unfair". Using the stop loss order not only that it helps cutting the losses, but can also help you lock in the profits. What helped my account the most was, after a while when the price goes in the desired direction, to move the stop loss at the entry point (so whatever happens, there will be no loss), and it honestly eliminates a lot of stress, especially during night. Hopefully you will find this information as useful as I did, and feel free to ask anything in the comments section!
Education
by m_maia14
Why Your Backtest Results May Not Give Realistic ResultsHello 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. Timeframes A lot of models work on high timeframes on the charts. They work visually at least and that's why many are only sharing with high timeframes charts greater than 4H. We all built a backtest based on a moving average cross and got a shooting 95%+ win-rate when running the backtest engine for the very first time. We all thought we were geniuses right :) "Way too easy" we all thought There is a caveat though... For derivatives trading (CFDs, options, futures, ..) backtests always account for real trading fees. Let me explain... We all heard/saw those rollover fees that we need to pay overnight. This is basically how the brokers are forcing the overnight/over weekend traders to pay more fees. While the explanation longs to pay for the shorts, and shorts to pay for the longs is poetic - those fees could eat out your position capital way before the price action has even moved. Imagine a range during days/weeks. You'll end up paying a lot of fees and might end up with a very negative position size way before anything interesting (from a trading perspective) ever happened. I saw many trades being minus double digits percent PnL only because of fees. Then, imagine trading contracts with an expiration date - this adds another challenge - and most of backtests don't even account for that either. Leverage Leverage increases disproportionally the risk compared to the opportunity. Leverage 2 does increase the risk by 2 but the opportunity won't be multiplied by 2. Well.... it would be in case the analysis is good in the first place. (assuming the risk/entry/exit plan is correctly calculated). Assuming those analyses are made by experienced traders, then using leverage makes sense - otherwise I'd stay away from it. I surely sound like a broken record with this... But, I know what you're thinking You calculated already how many trades and pips you need to earn $1M and you concluded it won't be possible without leverage. This statement is true if you want to get rich quick which anyway always lead to get poor quick. "Past performance doesn't guarantee future performance" Probably the quote we hear the most in trading guys... Generally in trading, what worked before has a probability to not work anymore the more time has been elapsed. I don't mean it won't work anymore. This only means we should be cautious when trading setups valid from a while ago on a specific market. A way to not get that burden on our psychology is to indeed reduce the position sizing. Until we are comfortable and not stressed anymore. That's the sweet spot you guys have to find. For some, it might be a few hundreds per trade, for others a few thousands. There IS NOT a well-formulated generic universal valid answer for what's the best position sizing. Apart of course from starting with tiny baby positions and scaling up from there But for sure, once we get comfortable with one position size range level, we should go to the upper level direct above. Direct above means, if we trade 100 USD position sizes, the next one could be in the 110-150 USD range. (and not 1K right off the bat...) We wouldn't lift 100 kg after getting used to only 10 kg. Trading isn't different than any skill requiring training and dedication The challenge is to not change our goals midway after a few wins or a few losses. And to stick with them for a few months at least. Literally takes me weeks of training to add a few kg to my chest press barbell or biceps curls. That's how much it took me also to increase the average position sizing by 10% or so. Thus the more I increase it, the more time I need to get comfortable with it. And it gets increasingly difficult from a psychological perspective the bigger the position size gets Applies in a lot of areas in life, sport, career also. It takes time! The worst thing for new traders is getting early very lucky and rewarding trades. That's what happened with many crypto traders in 2017 and 2021 They got too cocky and made that money too quickly and too easily. Then, when the market turned bearish... they gave all it back because their experience/backtest/psychology/beliefs weren't ready for a market shift. We're at a time where markets change constantly. And perhaps that's why the patterns used by our predecessors 20 years ago aren't relevant anymore. My father told me that trading 40 years ago was as "easy" stealing a candy from a baby.

Now it’s a lot more complicated due to the noise, trading bots, etc.. Often orders aren't filled In paper trading or with a backtest, when a Take Profit is hit... well we make profit and that's cool. But those LIVE trading know that sometimes... the limit orders aren't filled and no one can give us a logical explanation why the F... they weren't filled. Even though the charts clearly show we should have been filled... Your broker will say slippage. Your guru will say "I got a nice 1000% profit - Hope you all exited when I told you so" You will say "But my backtest claimed that an order should always be filled..." I'm saying blaming the casino isn't useful and won't bring you anywhere And that's why trades need to be managed because we're playing against the house (exchange) & competition (i.e. SMART-MONEY - understand bankers/funds with real advanced financial education) that want us liquidated. I'll keep bringing a few articles like this every week because it helps me clarifying my thoughts AND giving back to the community makes me feel good about myself somehow :) I want to teach you guys every aspects of what makes a great trader and how to get there. This is the most challenging and the most rewarding job at the same time Thank you for reading Dave
Education
by Daveatt
5
Cognitive Biases in Forex Trading This article explores the cognitive biases in forex trading. The biases discussed in this article can play a significant role in any form of speculative trading and investing, not just forex trading. A cognitive bias is a systematic flaw in how we think. Cognitive biases are present in every decision we face. Anchoring Bias. People rely too much on reference points from the past when making a decision for the future - they are "anchored" to the past. Loss Aversion. This is when people go to great lengths to avoid losses because the pain of loss is twice as impactful as the pleasure received from a win. Confirmation Bias. The confirmation trap is when traders seek out information that validates their opinions and ignore any theories that invalidate them. Superiority Trap. Many traders in the past have lost large sums of money simply because they have fallen prey to the mentality of overconfidence. Herding. Many traders in the past have lost large sums of money simply because they have fallen prey to the mentality of overconfidence. Pay close attention to your decision making to spot the fallacies. What do you want to learn in the next post?
OANDA:XAUUSDEducation
by UnitedSignals
12
What Are The Pros And Cons of Intraday vs Swing TradingHello traders, There is not such a good or bad timeframe. Like cooking, everything depends on how you use the ingredients for your meals. Intraday timeframes Pros Earlier entries Earlier exits => losers are smaller compared to losers with SWING trades You make your daily goals earlier With Intraday trading, we're not impacted by contracts expiration, rollover, over-weekend, overnight fees It's rarely boring (especially with indices trading) Leverage isn't needed Perfect for beginners or small capital Cons More in/out entries => you have to enter, exit, enter, exit until the real move happen You have to be more reactive and accurate when taking a position or exiting. Swing timeframes Pros More time to react and prepare We don't need to be too accurate with our entries and exits You're less impacted by news/events/rumours/tweets - They have a real visible impact on intraday but generally don't change a thing for the swing trend Cons Bigger drawdown by design Forces to hold trades over multiple days/weeks. In a range, we pay a lot in funding/rollover fees before the real move happens. Being double digits percent down because of fees isn't pleasant. Big capital required to afford to lose a few percentages sometimes with those trading fees 1 click takes 5 seconds. Then you wait and wait and wait and wait, and then look on Twitter for ideas to invalidate your entries. When your favorite guru shares a contrary setup, you follow his/her call and wreck yourself. You really need patience with SWING trades. If the patience for you is an issue, I'd stick with Intraday. Have a great day Dave
Education
by Daveatt
22
Do That BEFORE You Start REAL ACCOUNT Trading Here is the list of thing that you should learn in advance before you start trading on a real account. 1) Open a demo (practice) account and learn to execute trades without making errors 2) Study the methods of great traders and financial minds throughout history - Jesse Livermore, W D Gann, Charles Dow/Dow theory, Paul Tudor Jones,Richard Wyckoff. Learn their methods and employ them. Learn their mistakes and avoid them. 3) Focus on learning, not winning. Forget about money and profits. Think about developing a winning strategy and a winning trading mindset. Always be open-minded. Observe. Be flexible. 4) I recommend reading the following books. These books will help you to start to think like a trader and realize what you are getting yourself into: a) "Reminiscences of a Stock Operator" by Edwin Lefevre b) "Art of War" by Sun Tzu (Not a trading book but an old book on rules of war and how to protect yourself from being outsmarted and defeated by your enemies) c) "The Trading Methodologies of W.D. Gann" by Hima Reddy d) "Time Compression Trading: Exploiting Multiple Time Frames in Zero Sum Markets" by Jason Alan Jankovsky e) "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude" by Mark Douglas 5) Watch YouTube videos. Absorb all the info you can as the more you know, the more the pieces of the puzzle fit together later on. You can learn the basics of trading on your own and then when you are ready to take your trading to the next level. To win the game, you need to develop your thinking and how you participate in the game. You are in a market trading against professional traders. The beginning traders in the market are not your competition-they are incidental. You need to trade with the professional traders who run the market. I wish you luck on a battle field! Please, like this post and subscribe to our tradingview page!👍
OANDA:BTCUSDEducation
by EliteTradingSignals
12
10 Important Trading LessonsWhat are most useful trading tips you have heard so far? Today, I am going to share with you 10 important trading lessons which market taught me after years of experience and I wish these tips to help you in your future trades : 1. We should Only do trading whenever we can obey all the following items or we had better leave trading forever. 2. Never enter into a stressful trade. This means you have to set you stop loss and calculate you target before executing a trade and possible loss should be small enough that you can tolerate. 3. If you feel to need to sit behind your laptop or PC to monitor and check your trade after opening a position, you are entering into a wrong one !. Do not open it. 4. Doing an analysis in relax and comfortable condition is necessary before any trade. Opening a position without " an already done analysis " is a great mistake ! . 5. Running an immediate analysis when market has strong momentum and trading based on that is very risky. Try to avoid such trades. 6. Never fade the gain of a good trade with a loss of a bad one. Good here means trading based on pre-defined strategy and bad means throwing it away . 7. Using leverages can be dangerous as much as it can be fascinating. 8. Only use leverages when all elements of your trading strategy are present. 9. Stick to your Stop loss and Take profit which you set and calculated outside of any market excitation. 10. Being optimistic and over pessimistic is forbidden. Trading is all about being realistic. please share your own experiences as comments. I am eager to learn from you my friends. Good luck.
Education
by SaeedSajedi
8
What is really up with the Funded Programs?Before we go any further, I want to state that 1) This post is NOT PROMOTING ANY prop firms/funded trader programs, 2) I do not hate or have anything against any prop firms/funded trader programs, I am just sharing my understanding from what I have read and experienced, and 3) Info here is not complete. If you choose to embark on any programs, please make sure you do your own due diligence. Traditional Prop Firm Typically refers to a group of traders that focus on buying and selling financial assets with the firm’s capital. The trader uses that firm's money to trade and in exchange receives a small wage and a large percentage of the profits. In practice, proprietary trading firms provide the capital, proprietary technology, training, coaching, and mentoring for you to become an elite trader. Funded Programs There has been an ever-increasing number of funded trader programs, marketing to retail traders about the huge profit-sharing potential (75-90%) when they become "a funded trader." And all that is required is paying for and passing an evaluation/testing period. You would pay anywhere from $84 to $184 for a $10,000 account and it could go as high as you want (almost) A trader in the evaluation/testing period would have - Profit target of 8-10% in phase 1 (typically 30 days) - Profit target of 5% in phase 2 (typically 60 days) - Daily drawdown of no more than 5% - Overall drawdown of no more than 10-12% From my experience coaching retail traders, newbie or average trader has an account size of no more than $10,000. This makes the idea of being funded to trade become really attractive, limiting the downside while almost maximizing the potential. However, there has also been a lot of negativity about these funded programs; - the evaluation and actual trading accounts are demo accounts - the company makes more money from traders failing than from profitable traders - some traders claim to have never received their payouts Are funded programs scams? Again, I have not evaluated ALL funded programs to say this, but probably not. (Do your own due diligence!) Companies running funded programs are likely just deploying a good business model, addressing a pain that most retail traders have (funding their account) and filling that gap. Should you jump into a funded program? There is a lot more information (more than discussed above) that needs to be considered before you jump in. A brief checklist: 1) Do you have a profitable trading strategy to deploy? ( if you don't have a profitable strategy, keep reading, learning & testing ) 2) Have you used it for at least a year? ( avoid using funded programs as a testing ground, it can get costly! do it on a demo or even a $1,000 account first ) 3) Does the strategy meet the max drawdown conditions? ( 5% a day, 10% total? For example, a martingale strategy is not likely to work ) 4) How likely are you to bend your trading rules? ( rules set by the programs are set in stone, a breach even by the slightest and you would have failed ) 5) Is it the right time to start? ( are markets in consolidation, on a holiday period, or super volatile with no clear trend ) Remember that the average annualized return of the S&P500 is 11.88% (1957 to 2021). Trying to make 8-10% in 30 days and then 5% in 60 days just to pass, tends to put the trader under a lot of stress. How do you perform under significant pressure? What are your views of the funded programs? Share it with me in the comments I have never thought much about the funded programs. But recently have been considering giving it a shot and live-streaming the trading process daily. Would you join me on the stream? Stay tuned, it might just happen.
SP:SPXEducation
by JinDao_Tai
2
17 Money Rules Everyone Should KnowHello 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. 1. Pay yourself first As soon as you get paid, put money into savings. Automating this is even better. 2. Keep a 6 months emergency fund If you have multiple streams of income, you can go as low as 3 months. If starting out on your own, you could need as much as 12 months. 3. Budget using the 50/30/20 rule 50% for needs 30% for wants 20% towards saving/retiring 4. Divide your bonus into thirds 1/3 for fun 1/3 for retirement 1/3 for debt paydown 5. Put a large percentage of your raised into your savings This helps avoid lifestyle inflation and moves up your retirement date. 6. Avoid high-interest debt If you have it, use the snowball or avalanche method to pay it off 7. US only: Always take an employer 401K match Many employers match a percentage of your paycheck. This money gets an immediate 100% return. Turning this down is the same thing as turning down ra raise. 8. Your home payment Mortage + interest + insurance should cost less than 25% of your monthly income 9. When buying a car, use the 20/4/10 rule 20% down 4 years loan < 10% of your monthly income 10. Save at least 15% of your monthly income for retirement 11. The stock market has a long-term average return of 10% So, when the CPI inflation of your country is 10%, you're actually at breakeven in term of buying power 12. The rule of 72 Example: The stock market returns 10%, so 72/10 = 7.2 years to double your money 13. The 4% rule This rule says you can safely withdraw 4% of your starting investment balance each year (adjust for inflation in subsequent years) and not run out of money. 14. The wealth ratio Take what your spend divided by your income If it's below 10%, you're "wealthy" because you can live off 10% of your income 15. Have at least 5 times your gross salary in term life insurance 16. Before spending money Wait 24 hours and ask: do I still want it? If you do, go and buy it. This will save you from a lot of impulse purchases 17. Value time over money and experience over things I'll keep bringing a few articles like this every week because it helps me clarifying my thoughts AND giving back to the community makes me feel good about myself somehow :) Thank you for reading Dave
Education
by Daveatt
11
How To Master Your SleepHello traders and investors, This week, I'll talk about physiology, but I'd like to relate how I went from being an overly worried, under-slept, overfed, under-muscular person to the MAN I am today. Let's start with how I conquered my sleep to get at least 7 hours of sleep per night, including hours of REM and DEEP sleep. Trading after a bad night's sleep is extremely difficult, if not dangerous. Because we can't think clearly when we have brain fog. And trading necessitates that we be hyperaware. I've had trouble sleeping virtually my whole life....  Even if I went to bed early, I usually experienced insomnia, woke up at 2/3 a.m., and couldn't fall back asleep.  It made my life unpleasant by causing chronic mental fog and an inability to be motivated. I'm happy to report that I've mastered my sleep issues and discovered routines and tools to help me stay and fall asleep. The majority of what follows was taught to me by Andrew Huberman, a well-known physiologist with about 2 million subscribers on YouTube (at the time of writing). Protocol: Right after waking up I go to my patio and soak up 10/15 minutes of sunlight. I'm fortunate to reside in a sunny location. On cloudy days, you'll have to increase your time outside first thing in the morning to 30 minutes. This approach is for awaking your circadian cycle and signalling to your body that the day has begun. It's critical to start as early as possible in the morning. I conduct a 10 minute HIIT workout on my terrace. You don't necessary need to do this; going for a walk outside is also a great morning routine. I've read several times that this early workout is highly useful for letting our brain know that it's time to start waking up the "machine." Protocol: During the day - I don't drink coffee after noon. Some folks do and sleep well. I'm one of those guys who is hypersensitive to caffeine and can't fall asleep anytime I consume coffee in the afternoon.
 - I don't consume junk food nor just eat whole foods.  I eat a well-balanced diet consisting of 60% carbs, 30% protein, and 10% fat because I work out for 1 hour every day.  
I also always eat below or at my calories maintenance - studies show metabolism are the healthiest when we don’t overeat - I don’t want no hormones, health issues - I want to live healthy, rich and for a very long time. 
This contributes to the development of my body, charisma, testosterone, and courage. 
 Courage is essential while dealing with difficult circumstances, especially when our trades are underwater. - I don't consume alcohol or smoke.  I don't feel smoking is harmful to sleep; I simply don't do it for health reasons.  However, alcohol is known to have a bad impact on our brain and sleep. Protocol: 2 hours before going to bed I go to bed around 9:30 p.m. every night. Going to bed at the same time every day trains our brains to allow us to fall asleep around that time. The caveat is that anytime I go out at night and go to bed beyond that time, I tend to have poorer sleep quality. -  Beginning with the most important: I am closing ALL of my intraday trades I don't want my intraday trades to turn into swing trades or, worse, long-term investments. I don't want to wake up stressed every night to check my trades PnL. I want to go to bed stress-free. -  Blue light glasses I still work late at night, so I wear blue light-blocking glasses. Our brain associates blue colors with "hey, it's still day time." That is why protecting our eyes from bright lights (even those in our homes) is essential for a healthy night's sleep. Looking at your TV or computer at night without them guarantees that you won't sleep well, that you'll wake up in the middle of the night and won't be able to fall back asleep. -  Self-massages I use a foam roller to roll my back and neck on, as well as a massage tool.  Eric Berg: shop.drberg.com I have no affiliation; that product improved my life by allowing me to remove nodes in my back and neck without visiting a chiropractor  -  Stretching   Shaolin Monks are famed for being highly flexible; they say flexibility is a sign of an extremely healthy physique, and I couldn't agree more.  Stretching my hamstrings and back on a daily basis greatly fixed my lower back/neck pain. Protocol: Back/Neck Pain 75% of the persons I spoke with were suffering from back/neck pain. Some people sleep on their stomach, which is bad for their neck, and they know they should sleep on their side, but they can't fall asleep that way. Some are extremely stressed and cringe. Cringing frequently causes neck pain. I needed a dental tray to prevent my cringing from causing nodes in my neck. Really a life-saving, or should I say sleep-saving, device. Protocol: What to Do If You Wake Up in the Middle of the Night - Self-massage using the foam roller and the Eric Berg’s massage tool. - Never check your phone or social media According to Andrew Huberman, checking your phone at night depletes your dopamine for the next 48 hours. 
Dopamine is the hormone giving us motivation

How could you manage difficult trades without being motivated?
 Well….it’s harder…. Tool I use an OURA ring to track my REM and DEEP sleep. It's Bluetooth-enabled and linked to my phone. Every morning, the OURA app gave me a score; the greater the score, the better my sleep was. It also distinguishes between REM, DEEP, and STANDARD sleep. Supplements Supplements I consider myself to be in a deep level of calm. I follow the dosing guidelines on each product label. - Magnesium L-Theanone  - Zinc  - Argenin  - Tart Cherry  - I used to take Ashwaganda, but I discovered it reduced my overall happiness/excitement during the day, so I stopped taking it. How long should you do these protocols before seeing some effects 

 Talking from experience, it’s a matter of days. 

 Yeah really, it’s amazing how quick our body and brain adapts to weather great or terrible inputs. 

Feeding your body with mostly great inputs leads to a great mind, mood and is the first step at getting shot at being profitable with your trading. 

The second step is mastering your anxiety and stress. 
Article coming up on that topic on Monday :) Have a good weekend everyone Dave
Education
by Daveatt
9
Gambler's Vision VS Pro Trader's Vision 👁 Hey traders, In this article, we will discuss the perception of trading by individuals. We will compare the vision of a professional trader and a beginner. The fact is, that most of the people perceive trading performance incorrectly. There is a common fallacy among them that win rate is the only true indicator of the efficiency of a trading strategy. Moreover, newbies are searching for a strategy producing close to 100% accuracy. Such a mindset determines their expectations. Especially it feels, when I share a wrong forecast in my channel. It immediately triggers resentment and negative reactions. Talking to these people personally and asking them about the reasons of their indignation, the common answer is: "If you are a pro, you can not be wrong". The truth is that the reality is absolutely different. Opening any position or making a forecast, a pro trader always realizes that there is no guarantee that the market will act as predicted. Pro trader admits that he deals with probabilities, and he is ready to take losses. He realizes that he may have negative trading days, even weeks and months, but at the end of the day his overall performance will be positive. Remember, that your success in trading is determined by your expectations and perception. Admit the reality of trading, set correct goals, and you will take losses more easily. I wish you luck and courage on a battlefield. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Education
by VasilyTrader
7