A compilation of ideas and concepts created by traders around the globe.
👇 𝘵𝘩𝘳𝘦𝘢𝘥 👇
"Buying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. Kenny Rogers said it best: "You've got to know when to hold 'em, Know when to fold 'em, Know when to walk away, And know when to run"
"Invert your chart to see how it looks turned upside down. Open a chart and type ALT + I on your keyboard. On a Mac, type ⌥ + I. This keyboard shortcut flips your chart upside down. Now ask yourself: would you buy or sell? Challenge your bias."
"Market movement is created by millions of traders. Do not try to impose your personal will or expectations in the market, because it simply doesn't care. Trade what you see, conduct your due diligence."
"The 90-90-90 rule states 90% of traders lose 90% of their money in 90 days. Many start trading because they've read about success stories, people becoming rich overnight, and they think "How hard can it be?" With this approach, failure is imminent"
"If I like something I love a deal. I wait for deals, but 3% off in the stock market is not a deal... Now 10% you have my curiosity, 20% yeah I will run up to the store, 30% this is the sale I have been waiting for."
This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is determined by how many standard deviations a volume bar is from the average.
The 1% rule of trading is simple, yet often overlooked.
The rule advises to never risk more than 1% of total capital on a single trade. For new traders or investors this is especially helpful as it leads to more diversification and long-term planning.