Thread:
Thinking in Probabilities: The Art of Trading Fearlessly 2)
Many traders focus on short-term gains, but that can lead to a wrong mindset and ultimately, failure. Trading is not a quick way to riches.

Thread: The Importance of Trading Psychology.
how essential it is to understand and manage our emotions when trading.
Having a good handle on your trading psychology can make all the difference between success and failure.

2)
Trading psychology involves developing strategies for dealing with fear, greed, overconfidence, impatience and other factors that could influence how you approach your trades or manage risk levels. It also involves learning how to stay focused despite market volatility.

Here are just few Examples of why i use ONLY #Fibonacci levels and candle stick patterns Without any other indicator

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#trading #stocks #technicalanalysis
#CHARTS #Candlestick #patterns
#study 1
Here an example about SPY 60 min chart from September
Check time each picture stamped
No indicators ... just following candle stick pattern

#Fibonacci Retracement How i use it ?
Thread//
1
Fibonacci Retracement is a technical analysis tool that i use to locate areas/levels of support & resistance
It is based on the Fibonacci sequence ratios introduced by Leonardo Fibonacci 2//
Measure the rise of price from swing low to swing high (depends on the time frame in use)
This level will give the support levels AND the potential resistances levels once price continue higher

8 Simple Rules every trader should follow

// THREAD Did you ever wonder what is the difference between winners and losers in the long term? Like most people you probably think the answer is education. Then, you read a few more books, some articles and thought that was it. Now you’re the man. Well… guess what? It’s not that

#TRADINGTIPS
Rule #1 in #trading : Risk Management
"Every moment in the market is unique " & no one knows what is going to happen next
I Pre define the amount of $ I’m willing to LOSE
This amount is set FOR ALL TRADES i take

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#tradingplan
#Stocks
#trading Ex. : I am willing to lose 100$ on every trade i take so i will enter a trade with the AMOUNT of #shares that fits to this risk
Example : $AMZN can be 100 shares , $AMC can be 500 shares

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