If you have a series of losing trades from stop losses, you can't see your setup, you feel, to put it mildly, "not so good"?😢😡😐
TAKE A BREAK!☀️
Close the terminal😴, turn off public trading groups🙈 and switch to something else🤝: spend time with loved ones🤙, go for a walk😃, read books👩🎓, watch movies😂, engage in another activity🥸
A trader on the path to becoming experiences a wide range of emotions🤑🔥🤔, which greatly exhausts their nervous system, and rest is an essential part of recovery🤫
Once you recover, return to the terminal, review your mistakes in the journal, and continue trading👌
The reasons for the fear of opening trades may include: a series of losing trades, trading on emotions, lack of confidence in your strategy😱
What to do with this uncertainty?🤔
1) Review your strategy in backtesting👨💻 Check if your strategy is actually profitable over at least 100 trades
For testing my strategies, for example, I used a player here👍
2) Eliminate psychological reasons😵💫 The weak link in trading is human emotions
It turns out that if a trade is made with the wrong motive and without proper assessment of the asset, it is likely to lead to a stop, and a series of stops will lead to depression
3) Stop opening trades when you cannot fully assess the situation (in a hurry or from your phone)🛞⛔️
Decisions made in a hurry do not allow you to weigh all the pros and cons rationally
4) Make 1-2 trades a day or stop trading after 2 stops📞
And remember, trading is not a sprint, trading is a marathon😎
Don't be afraid of stops!😰 (Provided you adhere to risk management and strategy of course)
When people come to trading, they think that it is easy to make a profit🏖, but after a few failures they decide that trading is not for them and give up😞
Although even the best traders have a win rate of about 50/50👍
This means that there can be a series of profitable and a series of losing trades (for example, 5 losing and 6 profitable), but this fact does not prevent professional traders from systematically showing smooth PNL from month to month👨💻
Remember! Trading is associated with risks😠, no one guarantees profit after every trade, but with proper adherence to risk management and the right attitude towards stops, you will achieve a pleasant, smooth PNL return over the long term, and this is already a step towards professional trading🏄♂️
Stops are an integral part of any trading strategy, and the one who does nothing is not making a mistake☺️
Don't be afraid of stops!👌
Next time we'll talk about the reasons for this fear and ways to overcome it😎
There is currently a rumor that Trump needs a recession (possibly artificially)🇺🇸
Let's assume, is such a situation possible?👺
I have reviewed all the recent events related to the recession, and here’s what I found🖐
1️⃣Let's start with the fact that the events surrounding tariffs imposed by Trump and other changes have significantly shaken the market (though it was already overheated).
I suggest we reflect on the topic: what is the advantage of being a trader?😎
1️⃣ No boss🗣 In any job, the boss sets tasks and uses employees' labor for their own interests, extracting material profit from it💼. A trader independently organizes their workday: writes a trading plan and makes transactions in the market👨💻✏️
Good morning! So, did you take a ride on the recent Solana roller coaster from Trump, did it hurt? Alright, let's see...
(1) So far, the picture is like this. Firstly, it broke and confirmed the break in an upward direction. Secondly, the momentum and sharp pullback indicate the beginning of a reversal movement.
(2) At the moment, we have an OB that removed liquidity and has not been tested yet. This zone is a potential for a long position (of course with a stop).
Price movement options - attached. Right now, I see a local short trade (due to the local downward trend), and then a long.
I don't see a like |:o
Our scenarios are approximate, so when approaching the zones, assess the situation locally!
P.S. For now, only the liquidity around 120 is concerning.
The two things that worry me the most about the crypto market are the daily BTC price timeframe and BTC dominance
The two things that are worrying me the most about the crypto market right now are the daily BTC price timeframe and BTC dominance. In general, there are many things that worry me. For example, broken reversal signals on the 2-day TF for BTC, which rarely break, the risk of breaking the pool of reversal signals on different charts. In general, it is necessary to review the charts of many metrics and altcoin prices. The preliminary conclusion is that the fatal growth scenario for the entire market in the spring did not happen.
"Trend is your friend!" says the famous saying from Wall Street📈📉
In addition to finding areas of interest, it is necessary to correctly identify the trend (the direction of price movement). There are 3️⃣ options: upward trend, downward trend, and sideways movement🤏
The success of your trade depends on accurately determining the direction of price movement✔️❌
Recently I decided to study this topic a little and came across a video on how to find a normal copy trader who, it seems, won’t drain your deposit🤡☹️
Found these guys on Binance, set up a test portfolio to follow. We'll see in January💤(screenshot attached).
But it is important to understand that the trades lag behind the lead trader. If this is swing trading (1 day-week), then of course it is not so scary☝️
I learned about him probably a year or two ago. I deposited $100 for testing (because it was the minimum for working), and chose a trader from the top ones (with a medal)🌚. Honestly, I didn’t understand what was what and decided to check him out.
A week passed and he probably gave +10%, I didn’t withdraw, waiting to see what would happen next. Then +20%, and then...
The largest liquidation of the year ($1.71 billion) 😢 Microsoft voted against investing in BTC🖍 Start of the altseason judging by the TOTAL3 graph comparison with 2020❇️ Interest in ETH continues to grow🪩 Almost 5000 BTC entered the exchange📣 US macroeconomic data released🇺🇸 USDT prints $1 billion💵 Trump buys $5 million worth of ETH📟
Investor👨🦳 (Old-timer) Steel nerves⛓. Can go a year without opening the terminal⏳. Makes trades a few times a year🧾. Averages down when necessary📉. Doesn't worry about losses if the asset is good👌. Bought - forgot😶🌫.
Swing trader (Half-moon)👱♂ Wooden nerves🪵. Logs into the terminal a few times a month💻. Makes as many trades as he logs into the terminal⌨. Can average down, can stop out📍. Will close a trade within a month or two📆.
Intraday trader (Day trader)🧑🦱 Soft nerves🤏. Logs into the terminal several times a day📲. Makes up to 5 trades a day💸. Has a stop🩸. Will close a trade before sleeping😴.
Scalper (Crazy)🤠 No nerves🙅♂. Sits at the terminal when not sleeping🧲. Makes up to 100 trades a day🤹. Has a stop (or maybe not)🎭 Will close a trade in a few minutes🔫.
This post is written solely for entertainment purposes, BUT if you want to find out what your temperament for trading is, take the test, we shared the link on our channel (see profile).