Trading the bleeding markets with a winning mindset ;)There's a great struggle going from profit to loss.
A burst of a bubble, which in it's essence is hope.
But this is false.
The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper?
Truth is - It doesn't.
But what it does do is play with your emotion.
Our mind has a tendency of expecting the worst once things start rolling in that direction.
Take a step back and think about what life threw at you so many times in the past, think about the times you thought things are going to end up the worst but actually didn't.
It could be you planned a nice day outside with your partner in the park but it started to rain.
But instead of crying about the day wasted and how this is just awful, you ended up cooking together a nice lunch and drinking wine while finding a new great TV show to watch, ending up being one of the best days in a while.
Not let's roll back to trading.
And let's cut out negative thinking completely just for 3 minutes and look only at the positive.
Positive points -
1) Cheap instruments all around to invest in
2) Great practice of mental skills while trading, which truly is the most influential aspect of mastering trading
3) It reminds you the very basics of trading that we lose track of once markets start flying up - Buy low, sell high.
4) Opportunity, opportunity, opportunity - Every time you would have bought into the stock market, over a few year period you would make great returns, same thing goes even for people who bought Bitcoin after the decline of 2018 and pretty much any other pop financial instrument.
5) You're a day trader? Great! Volatility is amazing if you have a strategy which is disciplined and consistent as well as based on risk management.
See how bright the light shines at this very moment?
Keep it. Be positive. Be hopeful. Be practical.
The negative quotes such as -
I can lose everything!
It's never going to rally back!
This is taking too long!
I don't have patience for this!
This is turning out to be so not fun!
I didn't expect to hold this trade this long!
How will any of this benefit you in any way? Where's the logic? Where's the gain? Where's the analysis? Where's the market view? Where's the money management?
Only look at what is relevant to your success. Block the negative, ignore it completely as much as you can and eventually always.
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Riskreward
ow to Apply Trailing Stop | PRICE ACTION TRADING 📚
Hey traders,
In this post, I will share with you my strategy to apply a trailing stop.
Please, note that I am applying a trailing stop only in trend-following trades and only when a trade is opened on a key level. I trade price action patterns, so the following technique will be appropriate primarily for price action traders. Moreover, my entries are strictly on a retest.
1️⃣
Spotting a price action pattern I am always waiting for its neckline breakout. (if we talk about different channels, then by a neckline we mean its trend line)
Once I see a candle close below/above the neckline, I set my sell/buy limit order on a retest.
Stop loss will strictly lie below the lows of the pattern if we buy and above the highs of the pattern if we sell.
2️⃣
Once we are in a trade, you should measure the pattern's range (distance from its high to its low based on wicks) and then project that range from the entry to the direction of the trade.
In the picture, the pattern range and its projection are the underlined blue areas.
Once the price reaches the projection of the pattern's range, you should move your stop loss to entry and make your position risk-free.
Move stop to breakeven in traders' slang.
3️⃣
Then you should let the market go.
📈If you are holding a long position you should let the market retrace and set a higher low and then a new higher high or AT LEAST an equal high. Once these conditions are met you can trail your stop and set it below the last higher low.
📉If you are holding a short position you should let the market retrace and set a lower high and then a new lower low or AT LEAST an equal low. Once these conditions are met you can trail your stop and set it above the last lower high.
Catching a trending market you should trail your stop based on new higher lows / lower highs that the price sets. Occasionally you will catch big winners.
How do you apply a trailing stop?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
SHORT IDEA ON BTC CME FUTURE RISK REWARD 1:2Possible bounce to gap on Bitcoin CME chart after big sell off. Fibonacci levels support my idea too.
OPEN at GAP level
STOP LOSS when broke resistence trendline
TARGET PRICE around the previously Lowest price.
1:2 Risk/Reward.
My opinion is that price may be drop to lowest level according to Fibonacci to cca 17000 $ when broke down cca 25 500 $
sell at rise.. what next..?a clear bear dominant market we are in. us market is in deep red. what to expect from nifty50 tomorrow. I just worried about a sideways market tomorrow. have to maintain our RRR in a much more disciplined way. all of the above pure price action levels are here. will wait again for bearish signals.
One Way to Hedge Inflation: REITsOne way to hedge a high inflation rate is to invest in REITs. Dividends can help offset some of your higher costs. This is touted all over at this time, but don't throw darts at random REITs. And to be honest, chances are your small fund manager could probably use your guidance if you're well-educated on the markets.
The same due diligence is required for any investment even if you are only investing for the dividends. The share price doesn't matter as much as the company's Income, but good Income for high dividends comes from a strongly managed company, as always. This is important because you'll hold the position for a while.
Start with the technical analysis to pick the REITs you'll research further. We do this at TechniTrader by starting with our scans, which look for improvement in the trend and also our large-lot indicator set.
Example: NVST came up on TechniTrader scans today because it's attempting a bottom at a previous buy zone which is at the lows of a long-term trading range and it has improving indicators, technical and fundamental. All good there to start more fundamental analysis, but solid risk analysis requires confirmation of that bottom fully developing before taking action.
Next, we check the TechniTrader fundamentals, which focus on how strong the institutional holdings AND holders are, the most important financial metrics and more.
If all is good there, then we put the stock on a watchlist to wait for the chart patterns to set up for the best entry and risk to profit profile.
For all investing and trading, a step-by-step plan for confirming when execution takes place once you've done the work to pick the best opportunities is the difference between the retail crowd and the professionals who make a living in the markets.
Happy TechniTrading!
Please Like and Follow if you're going, "Right? Why didn't I think of that?!" There's more where that came from at my website.
Gold H4 - Short Signal UPDATEGold H4
Selling off nicely here, a little consolidation, but seemingly breaking that short as we speak. As mentioned, the next target we have for this pair would be $1827.
We have been speaking about commodities in our members chat, and how we notice the last few weeks risk headlines hasn't really correlation with commodities trading directions.
AMD: Any chance of reversing? Let's see.Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, we see a strong bear trend, and there’s nothing indicating it’ll reverse. As long as we keep seeing lower highs/lows, we can’t say it is a buy.
However, AMD has a few key points that if broken, it could trigger a reversal. First, we have the 21 ema, working as a resistance for the price. Second, we have the purple trend line, as AMD has been trading below it for nearly a month now. Last, we have the previous resistance at $ 91.35. Only if AMD breaks all these resistances we might say the trend will reverse in the mid-term.
If AMD is about to react, the timing couldn’t be better: We just hit the support from July 2021 today (blue line). We see a bullish candlestick today, which is great, and since we are just at this support, the Risk/Reward ratio favors long trades.
We are far from the 21 ema, and any reaction in the 1h chart could make it retest the ema again. If we see more confirmation signs in the daily chart, we could say AMD will fill the last gaps, and the $ 118.60 would be our target.
The only problem is we have earnings in 6 days. This will increase the volatility, and could help a bullish thesis, sure, but if it backfires, the next support level is at $ 72. For now, I am neutral on AMD, and I see many other stocks that look much more interesting, but if this works out, it could be a great opportunity to trade.
Now is the time to watch it closely. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
Risk to Reward ratio is the QUEEN - Number two reason to tradeWhen i want to take a trade, I look for ODD ENHANCERS, the more odd Enhancers I have the more likely the market will turn in my favour.
One of the most important Odd Enhancers is proper Risk to Reward ratio. Rs/Rw means how much am willing to risk if the trade goes against me, divided by how much Reward is trade gives if it is profitable. A properly weighted Rs/Rw ratio yield a factor of 4 to 5.
In this trade on QSR traded on the NASDAQ, am risking a little over a dollar for a reward of four dollars & much more if the new formed downtrend continues.
now, we got the Rs/Rw ratio out of the way of teachings. why would i Enter this trade. If Risk to Reward is the Queen then identifying the Trend is KING.
You must of heard people say, trade the trend, swim with the current not against it & you flow.
- first step Identify the Trend on any longer term chart. (there are many techniques for this)
- Second step trade the trend corrections on the Short term chart (this is the chart I use to identify my ENTR price & my STP losses)
This is it! identify the trend on the bigger picture & look for opportunities to join.
In this Trade. according to my Trend identification technique, I observed the Week (W) long term trend to turn into a downtrend after it broke the last LH of the previous week uptrend. now the trend is down. am looking to short.
I ENT my SHRT at 59.80 with a tight STP above 61.03 my risk is tolerable when compared to my Reward if the downtrend was to continue. well, it is struggling. my trigger STP was triggered & am out. simple as that. I will take my small loss & walk away holding my head high in respect for my trading plan that does not work all the time but works enough that i can make a living doing this.
Poker Hands Relating To Trading (((FTM APRIL 2022)One major similarity between poker and trading is that they both involve incomplete information. A poker player may have a strong hand, but he or she is still not 100% sure of what cards other opponents hold. The same thing applies to an investor/trader who may predict a good return but may not be 100% of it. So, decisions in poker and trading are often based on incomplete information.
Once the market has dealt the hands (provided us traders with information of market behaviour) we can play the hand, stronger the hand the higher the probability of the trade becomes.
How much do we want to risk ??
With due diligence, we need to know the EV+ ( Positive Expected Value) and RMultiple expectancy and with this information we can assume a 60-70% chance of making money and now its up to how much we are willing to risk on the trade.
Risk Management
Position size of £100 with a 10x leverage = £10.00 Risk Per Percentage
With a 2/1 RR, the Reward Per 2% = £20.00
US30 SHORT IDEAI've already called US30 short on that breakout, Price been making HH and HL since there, now its looking forward to retest that zone and keep the down trend...
AMZN: Buying the dip? Watch these key points carefully!Hello traders and investors! Let’s see how AMZN is doing today!
In the 1h chart we see that it is trading near the support level of a Descending Channel. This is a good place for a bullish reversal, but so far, we don’t have a meaningful reaction.
The black line at $ 3,175.42 is the key point that could trigger a reversal, and the first target would be the 3,265.35. What’s more, it must break the 21 ema for good, which is another resistance for it.
Let’s see the daily chart for more clues:
In addition to the support in the 1h chart, the daily chart shows another important support level: The 38.2% Fibonacci’s Retracement. For now, AMZN is holding at this support area nicely, but it must break the $ 3,175 for some bullish confirmation.
AMZN is not one of my favorites right now, but it is looking interesting. Since it is near support levels, the Risk/Reward ratio becomes attractive again, and it is worth to trade it. The key point it must not lose in order to trigger a clear bullish sign is the 38.2% retracement in the daily chart.
Let’s keep our eyes open! I’ll keep you guys updated on this, as usual, so remember to follow me to not miss any of my future daily analyses!
AMD: This is the most important support level!Hello traders and investors! Let’s see how AMD is doing today!
First, in the 1h chart, it is very bearish, and we don’t see any bullish sign on it yet. We are doing lower highs/lows, and we are trading under the 21 ema.
The most important resistance in the short-term is the $ 106 area, as it was the previous support level, and it is where the 21 ema is trading right now. If AMD wants to turn bullish again, this is the first resistance to break.
In the daily chart we don’t see any bullish candlestick/chart pattern as well, however, it is close to the support level at $ 99, which is a quite important one. If we look at the weekly chart, we can see it better.
The $ 99 area was a top level in January 2021, and it worked as a support level multiple times since then. It won’t be easy for AMD to lose this level.
The volume is increasing, which is interesting, and any bullish reaction could be an excuse to buy, as the R/R ratio makes a lot of sense. If it triggers a bullish sign, the gap at $ 118 (1h and D charts) would be our next target.
Let’s pay attention to this support level! I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses!
NASDAQ buy setup based on multiple rejections, waiting for price to get down to the POI and reject on the 1min
entry will be taken on the 1min, 15min entry is 1:40