This is a very common phenomenon for traders, after all, we are human and it is very easy to fall into this kind of destructive behavior. If it ever happens, or you do not feel right for trading the markets at any given time, shut the computer and ...

My way to highway

A quick post but an important one even though we all know this. It is worth being reminded that our success as traders is directly proportional to our ability to think and act like traders. This means that emotional trading has to be completely ...

The Trader's Academy - by Traders for Traders

Potential support level here on the H4 if anybody was wondering where support might be.

EURUSD only

H4 200ema just above @ 1,1832, which could act as resistance in the short term, but longer term I've got eu as super bullish and it should head up towards 1,2000 over the next week or so. The dollar basket is also looking very bearish right now and ...

EURUSD only

$1000 drop today. Its only hope now is a triple bottom, otherwise it's down to $4,500.

Is Bitcoin about to crash?

Just as all the 'experts ' were calling 50,000, 100,000 days before it collapsed. Who knows what effect the World Cup will have on it if any, but one thing's for sure - the 'experts' haven't got a clue.

Is Bitcoin about to crash?

It's not terminal, just depends whether I feel like posting or not. meanwhile, if there's anything you ever want to bounce off me, you can always send me a pm, and if I can help in any way, I will gladly.

Dax - Daily analysis and Discussion

Hi dline, no, I've been around mate, though my posts on this thread are a bit sporadic. To be honest, there's little interest in a thread like this out there, and I really see no point in posting levels and TA to myself as it were, so I don't bother ...

Dax - Daily analysis and Discussion

Last post from me today, and a big thanks to everyone for some great posts today. All true above, but it's the " When you see it, bet big " aphorism that worries me, having seen quite a few traders blow themselves to pieces by risking too much. My ...

If you haven't made it yet, what makes you think you will?

[/B] Perhaps you can tell us all something about that, as I'm sure there are a few people who'd like to know?

If you haven't made it yet, what makes you think you will?

Holidays? Sorry, can you just remind me what they are! Seriously though, yes, I agree, all very important. I don't think there is anything psychologically wrong with unsuccessful traders, if anything, it's the other way around...the more ...

If you haven't made it yet, what makes you think you will?

Yup, as the last few posts demonstrate, trading is a tough business on so many levels. Even when we have pretty much pieced the mechanics of price movement together, we still possess all the human frailties that ensure that most people fail in this ...

If you haven't made it yet, what makes you think you will?

CannonScout's post above about the worthiness of a career in trading took me back to a post I made in 2015 on my Trader's Academy thread that I think is worth sharing here. ....One of the hardest things about learning how to trade is that no one ...

If you haven't made it yet, what makes you think you will?

If you are talking about trading, then I have to disagree with you. If you are talking about life in general, then of course there is far more to life than making money, important though that is. I doubt there are many people viewing this forum ...

If you haven't made it yet, what makes you think you will?

Most traders here are losing - blowing one account after another. But they mistakenly cling to the notion if they just keep trying, they'll eventually become profitable. This is delusional. Like the casinos in Vegas, the "house" always has the ...

If you haven't made it yet, what makes you think you will?

[/B] Yes, every trade is unique and should be treated as such, but the approach one takes is not, in as much as one's approach is defined by the knowledge we have attained as traders, and just as each day we live or car journey we take is a unique ...

If you haven't made it yet, what makes you think you will?

All very true, and I agree with this entirely. But remember one thing. Price does not move of its own accord, it is moved, and it is moved when enough institutional traders using the sort of money that can move the markets spot the same opportunity ...

If you haven't made it yet, what makes you think you will?

Months! I wish!! Five years learning and demo trading part time in every spare moment I had and then another two slowly building up an account until I was able to trade full time. There have been no easy days/weeks/months as trading is a ...

If you haven't made it yet, what makes you think you will?

[quote=solotrade;11126579] Note to self? If I receive criticism from others, and only 1 in 10 traders are successful, then I am most probably being criticised by people who are also not successful. Therefore, logically? I should ignore most (if not ...

The Trader's Academy - by Traders for Traders