Search results

Sure, if you have opinion/signal and you can see some levels you can use them. E.g. put SL or TP near the levels, or open position after confirmation.

And how? :)

D Depends on time frame which you trade. Minute time frame ES. I started in the US morning at 9:00 am approximately. Let's check this day till end: 16 rebounds and 9 breaks. 64% of probability (app 2 to 1 edge) for opening from this level.

It depends on point of thinking. I absolutely agree that every level of support and resistance will be break in future, markets conditions always change. Look at this points from the side of probability. There are levels from which price reverse. There might be a lot of reasons: defending of...

What I understand about my mind that it is weak. Mood, health, weariness, expectations, problems in family, previous losses and rewards and other sometimes not so important things have impact on my decisions during the trading. Try to drink some alcohol and to trade and you will receive so...

Once my I asked my wife to be my risk management, and when she knew how many I lost per day, she didn't talk to me whole week. :) But I absolutely agree with it. The great champions always have coaches and big teams which help them to achieve aimes, why we think that is so easy to trade alone?

I don't know your approach. But If I were you I would decrease own size of trading. Try to trade micro contract (in case futures trading), or use less size in options. The fear and regrets which you have right now (about big losses) might conduct your opinions. If you decrease your losses till...

The question how many you may to lose? In boxing there is situation when somebody after terrible fight or series of terrible fights is not able to continue more. They break. With the traders might be the same situation, after very bad period, when people might lose to many money, they can break...

www.volumestrading.com

there is opinion in economics science about "homo economicus" (R. Thaler) people who always make correct rational solutions. In the real life we have situations which were described by Soros about regular overestimation and underestimation which often happen on the markets. This is why prices...

Usually people lose their head in both variants: when they win and when they lost. There are alot of stories what happened with people who won big money in lottery.

If somebody trained their brain to be discipline in any case it will help. Unfortunately majority can't do it.

Sometime people can lose your control because the have problem in family, lost health or something like this. If believe that you can manage situations it is not. Always happens something wrong, ant topic is that if it happens don't lose too much :)

Thanks for answer. Many people know that smoking kills them, but continue to do it, many people know that must not eat a lot, but our brain says that it's tasty and we stuff belly. Knowledge doesn't give us edge if we can't manage ourself.

Before 2 examples: you are going to the cinema. You have 40 USD and you buy the ticket (price is 20 USD). Before entering you checked that you lost your ticket. Will you buy ticket once more? Majority says no. The other situation, you are going to the cinema and going to buy ticket, but found...

It’s very popular approach to trade from levels of support and resistance. But how to identify Usually when people trade or invest, they observe price action and based on some patterns they make decisions about opening and closing positions. But how often we can distinguish correct support and...

Morning. What is the difference between trend following and contrtrend (trading in range) strategies? Much often prices action are in range, mostly of the time. But when trend happens you can take much bigger movements with lower risk. It's easy to find the trend when it happened, but the good...

Not aLways. If you know about your weakness, you can use them as advantages. For example: knowing the fact that I became more aggressive when I lose, helps me don’t make any decisions whiting some periods. And it helps to avoid future mistakes which I might do. If the alcoholic accept...

I like Daniel Kahneman: ("Thinking Fast and Slow"), Dan Ariely (Predicatbly Irrational), you can read also works of Skinner, Rischard Thaler, Leon Festinger. There are a lot of good scientist in this area.

Absolutely correct. We can't predict price actions, because it might be random. But knowledge of randomness of price behavior might give you the way to think in probability are, but not in a field "I'm right/I'm wrong". There are no "Wrong" or "Right" in trading. You can be right following your...