10 lessons for trading taught by traders from around the world.
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1. The Basics of Moving Averages
"The most common time periods for Moving Averages are 15, 20, 30, 50, 100, and 200 days. Moving Averages also form the building blocks for many other technical indicators and overlays"
"Hopefully you can also see in this video exactly *how* the market is forward looking. Thinking something will grow is not enough to consider something an investment as it may already be priced in."
A compilation of ideas and concepts created by traders around the globe.
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"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."
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.