Educational_Post✨
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#CryptoAIRevolution ✨#Learn2Write #BTC #AEVO/USDT #Educational_Post✨ $
#CryptoAIRevolution ✨#Learn2Write #BTC #AEVO/USDT #Educational_Post✨ $
Keep your charts simple. If it looks like someone threw up trend lines, moving averages, entry/exit signals, clouds, oscillators, etc on your screens, you are doing it wrong.
Learn about volume. It is the single most important confirmatory piece of technical analysis that gives truth to the movement of price. That is my opinion.
Learn about order flow. This is as (or more) important as volume. Because order flow shows you what the buyers/sellers are doing in real time. You can see the contracts above and below being added or taken away. You can see the difference between buyers and sellers competing on the movement of price. It’s more of an art than science.
Accept that losing is extremely common: like foul balls, strike outs, missed Minnesota Vikings field goals, net ball serves, etc. it is part of the ‘game’. You will have losses. The market will always move in the direction that will cause the most amount of harm to the greatest amount of people. But YOU get to decide how much harm and loss you will take.
Don’t trade just to trade. Don’t trade just because you are at your trade desk (or home office, or whatever you call your trading area). This was hard for me because my ADHD and impulsiveness put me into some bad trades, still does.
Set a daily loss limit in your software that stops you from trading anymore that day when it’s hit. One of my biggest mistakes (and I still do it sometimes) is ‘revenge trading’. It’s when you have a loss or two, big or small and you feel like you want to ‘get it back’. This will destroy your account and success.
Don’t chase. This was hard for me to do. My plan would trigger an entry for long/short and I would miss it, and see it running and I start to think, “That’s 3 points of movement I just missed! There has to be more in it.” And then you enter and it moves against you. This will kill your account.
#Educational_Post✨
Learn about volume. It is the single most important confirmatory piece of technical analysis that gives truth to the movement of price. That is my opinion.
Learn about order flow. This is as (or more) important as volume. Because order flow shows you what the buyers/sellers are doing in real time. You can see the contracts above and below being added or taken away. You can see the difference between buyers and sellers competing on the movement of price. It’s more of an art than science.
Accept that losing is extremely common: like foul balls, strike outs, missed Minnesota Vikings field goals, net ball serves, etc. it is part of the ‘game’. You will have losses. The market will always move in the direction that will cause the most amount of harm to the greatest amount of people. But YOU get to decide how much harm and loss you will take.
Don’t trade just to trade. Don’t trade just because you are at your trade desk (or home office, or whatever you call your trading area). This was hard for me because my ADHD and impulsiveness put me into some bad trades, still does.
Set a daily loss limit in your software that stops you from trading anymore that day when it’s hit. One of my biggest mistakes (and I still do it sometimes) is ‘revenge trading’. It’s when you have a loss or two, big or small and you feel like you want to ‘get it back’. This will destroy your account and success.
Don’t chase. This was hard for me to do. My plan would trigger an entry for long/short and I would miss it, and see it running and I start to think, “That’s 3 points of movement I just missed! There has to be more in it.” And then you enter and it moves against you. This will kill your account.
#Educational_Post✨
The Difference Between Centralize and Decentralized system
The main difference between centralized and decentralized systems lies in how control, decision-making authority, and data are distributed:
1. Centralized System:
- Control and decision-making authority are held by a single entity or a small group of entities.
- Data and resources are managed and controlled by this central authority.
- Examples include traditional hierarchical organizations, where decisions flow from the top-down, and information is controlled by a central management team.
2. Decentralized System:
- Control and decision-making authority are distributed across multiple entities or nodes within a network.
- Data and resources are distributed among these nodes, often through a peer-to-peer network.
- There is no single point of control or failure in a decentralized system.
- Examples include blockchain networks, where data is stored and validated across multiple nodes without the need for a central authority.
In summary, centralized systems have a single point of control and authority, while decentralized systems distribute control and authority across multiple nodes or participants. #HotTrends #crypto #cryptiInfinity_community #Educational_Post✨
The main difference between centralized and decentralized systems lies in how control, decision-making authority, and data are distributed:
1. Centralized System:
- Control and decision-making authority are held by a single entity or a small group of entities.
- Data and resources are managed and controlled by this central authority.
- Examples include traditional hierarchical organizations, where decisions flow from the top-down, and information is controlled by a central management team.
2. Decentralized System:
- Control and decision-making authority are distributed across multiple entities or nodes within a network.
- Data and resources are distributed among these nodes, often through a peer-to-peer network.
- There is no single point of control or failure in a decentralized system.
- Examples include blockchain networks, where data is stored and validated across multiple nodes without the need for a central authority.
In summary, centralized systems have a single point of control and authority, while decentralized systems distribute control and authority across multiple nodes or participants. #HotTrends #crypto #cryptiInfinity_community #Educational_Post✨
#Educational_Post✨
Don’t listen to anyone else but yourself. Once you start letting other people’s opinions influence your already thought out plan, you start to doubt yourself and lose confidence in your own decision making. I am a naturally insecure person so this continues to be a challenge for me, but it’s not as bad anymore.
You are not alone, so don’t be alone. Find a trading coach or peer group. There are fantastic groups to join with the most humble people you will meet and help with education, support and validation of your struggles: TopStepTrader community chat, futures.io, FT71’s youtube, etc.
Take care of yourself physically. The body fuels the mind. I suggest strength training over cardio. I say this because strength training is the practice of lifting heavier and heavier weights with the sole purpose of failing, so that futures higher weights lifted are yesterdays failures you’ve over come. It is the perfect analogy for market movement: any resistance that is met with ease is indicative of little effort. When your lifting becomes easy, you’re not trying hard enough. When prices move easily, the participants are not trying hard enough.
God bless you all and I pray you find success, wisdom and peace in your day trading. It is the most fun I’ve ever had, the most freedom I’ve ever had and the most difficult thing I’ve ever done.
Don’t listen to anyone else but yourself. Once you start letting other people’s opinions influence your already thought out plan, you start to doubt yourself and lose confidence in your own decision making. I am a naturally insecure person so this continues to be a challenge for me, but it’s not as bad anymore.
You are not alone, so don’t be alone. Find a trading coach or peer group. There are fantastic groups to join with the most humble people you will meet and help with education, support and validation of your struggles: TopStepTrader community chat, futures.io, FT71’s youtube, etc.
Take care of yourself physically. The body fuels the mind. I suggest strength training over cardio. I say this because strength training is the practice of lifting heavier and heavier weights with the sole purpose of failing, so that futures higher weights lifted are yesterdays failures you’ve over come. It is the perfect analogy for market movement: any resistance that is met with ease is indicative of little effort. When your lifting becomes easy, you’re not trying hard enough. When prices move easily, the participants are not trying hard enough.
God bless you all and I pray you find success, wisdom and peace in your day trading. It is the most fun I’ve ever had, the most freedom I’ve ever had and the most difficult thing I’ve ever done.
#EducationalTrading #Educational_Post✨
Learn trading with SuptoSumon
do trading with SuptoSumon
be rich.
Happy Trading
Learn trading with SuptoSumon
do trading with SuptoSumon
be rich.
Happy Trading
