nhagiaodich
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TRADE LIKE A SNIPER
Most new traders like long order pages like green and red slips of profit and loss orders. That is understandable for new traders. The longer they stay in the market, the more the order list shrinks, quality over quantity. Sometimes just entering 1 order but at the right entry point and holding it long enough is enough to have a good profitable transaction. Long green and red order strips gradually create a nightmare. The similarities in trading are few but the quality and efficiency are very similar to the snipers in the section below described by a very experienced trader who contemplates and shares his experience. Invite you to read.
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$SOL is in a sideways state with a wide price range around 120-190 on the W chart. Not sure if this is a top distribution zone or accumulation for further increase. We cannot predict unless the price tells us where it will go. If the price breaks through the resistance zone of 190 with the horizontal red line, $SOL can have a spectacular price increase. If $SOL breaks the blue support line around 120, sol will confirm its big price decrease.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BlackRockETHOptions #BinanceTurns7
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BlackRockETHOptions #BinanceTurns7
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Evaluate trading plans with AI chatGPT 4o
Yesterday I just bought a 1-month chatGPT 4o package, so now I have to use chatGPT at full capacity, asking it as many questions as possible. So I brought out my Trading Plan for chatGPT to evaluate. I am really happy with chatGPT's feedback, because I think it is very objective information, pointing out the advantages and the points I need to improve. To have this evaluation, if a few years ago, I would have to look hard for traders who are really capable and kind to help me do this, this would be as difficult as reaching the sky! But now it is so simple! So after letting chatGPT 4o evaluate, the most important thing to do is to persevere until I succeed, because my method and approach are on the right track. There is only one thing to do, just stick to it. And it is that simple.
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Trading = Battle of Life and Death
Trading System = Weapon of War
Risk Management = Weapon of Defense
Trading Psychology = Ability to Use Weapons.
Financial Freedom = Winning the Battle.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #Write2Earn! $SOL
Trading System = Weapon of War
Risk Management = Weapon of Defense
Trading Psychology = Ability to Use Weapons.
Financial Freedom = Winning the Battle.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #Write2Earn! $SOL
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$SHIB is approaching the important support zone at 0.00001138 at the blue line on the 3d chart. In the past, this blue line has been a strong resistance line when the price hit this area and fell. Watch the price reaction at this price zone to see where $SHIB will go next. If the blue support line is respected. The price may go up from this blue line. Otherwise, the price will continue to go down.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #MtGoxJulyRepayments $SHIB
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #MtGoxJulyRepayments $SHIB
Discipline and a consistent strategy are keys to success.
#nhagiaodich #nhagiaodichkyluat #BinanceTurns7 #MarketDownturn #MtGoxJulyRepayments $ETH
#nhagiaodich #nhagiaodichkyluat #BinanceTurns7 #MarketDownturn #MtGoxJulyRepayments $ETH
Trade like a game.
No fear.
No greed.
No expectations.
No focus on money.
Just execute like a robot.
Money will follow.
#trading #nhagiaodichkyluat #nhagiaodich
No fear.
No greed.
No expectations.
No focus on money.
Just execute like a robot.
Money will follow.
#trading #nhagiaodichkyluat #nhagiaodich
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Do I need to set a Stop Loss?
Stop Loss is an important tool in trading to protect capital and manage risk. It is an effective way to prevent large losses and keep your trading account safe.
Stop Loss (SL) is a price you set in advance to automatically sell a position if the market moves against your prediction. The main uses of Stop Loss include:
Protect your investment capital: When you set a Stop Loss level, you are defining a maximum limit for acceptable loss. This helps you avoid losing all your capital in case the market suddenly moves against your expectations.
Stop Loss (SL) is a price you set in advance to automatically sell a position if the market moves against your prediction. The main uses of Stop Loss include:
Protect your investment capital: When you set a Stop Loss level, you are defining a maximum limit for acceptable loss. This helps you avoid losing all your capital in case the market suddenly moves against your expectations.
Impatience destroys 90% of traders.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BinanceTurns7 #BinanceHODLerBANANA $BTC
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BinanceTurns7 #BinanceHODLerBANANA $BTC
In trading, the best friend of yours is yourself.
The biggest enemy of yours is yourself as well.
#nhagiaodich #nhagiaodichkyluat #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole $BTC
The biggest enemy of yours is yourself as well.
#nhagiaodich #nhagiaodichkyluat #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole $BTC
Risk management is your market seatbelt. Always buckle up.
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BinanceTurns7 #BinanceHODLerBANANA $BTC
#nhagiaodich #nhagiaodichkyluat #MarketDownturn #BinanceTurns7 #BinanceHODLerBANANA $BTC
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5 Steps to Becoming a Consistently Profitable Trader
#nhagiaodich #nhagiaodichkyluat #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves $BTC
#nhagiaodich #nhagiaodichkyluat #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves $BTC
5 Steps to Becoming a Consistently Profitable Trader
PHASE 1: “INNOCENT AND INNOCENT”
This is the first step when you get into trading. You know trading is a good way to make money, because you have heard a lot about it and about millionaires… Unfortunately, just like when you first started driving, you think it is easy – after all, you realize how hard it is… Markets go up and down… what is the secret – find out! Unfortunately, just like when you first got behind the wheel, you quickly realize that you have no skill at all. You trade too much and risk too much. When you open a position and it goes against you, you jump out and open another position opposite, and it goes against you… and so on and so forth… You may have some initial success, which is actually quite bad because it tells your subconscious “oh, trading is easy” and you start risking more. You want to make back what you lost and start “doubling” every time you trade. Sometimes you win, but more often than not you are bruised and hurt, losing big. You forget that you have no trading skills. This phase usually lasts a few weeks, and the market often changes quickly and you are sucked into phase 2.
This is the first step when you get into trading. You know trading is a good way to make money, because you have heard a lot about it and about millionaires… Unfortunately, just like when you first started driving, you think it is easy – after all, you realize how hard it is… Markets go up and down… what is the secret – find out! Unfortunately, just like when you first got behind the wheel, you quickly realize that you have no skill at all. You trade too much and risk too much. When you open a position and it goes against you, you jump out and open another position opposite, and it goes against you… and so on and so forth… You may have some initial success, which is actually quite bad because it tells your subconscious “oh, trading is easy” and you start risking more. You want to make back what you lost and start “doubling” every time you trade. Sometimes you win, but more often than not you are bruised and hurt, losing big. You forget that you have no trading skills. This phase usually lasts a few weeks, and the market often changes quickly and you are sucked into phase 2.
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A 50% loss requires 100% profit to break even. That's why risk always outweighs reward.
#nhagiaodich #nhagiaodichkyluat #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek $BTC
#nhagiaodich #nhagiaodichkyluat #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek $BTC
Tại sao con người lại chốt lời nhanh và cắt lỗ chậm.
#nhagiaodich #nhagiaodichkyluat #CryptoMarketMoves #BinanceHODLerBANANA #BlackRockETHOptions $BTC
#nhagiaodich #nhagiaodichkyluat #CryptoMarketMoves #BinanceHODLerBANANA #BlackRockETHOptions $BTC
Why do people take profits quickly and cut losses slowly?
Taking profits quickly and cutting losses slowly is a common phenomenon in financial investment and trading, and it is often explained by psychological factors. Here are some of the main reasons:
1. Fear of Loss: When an investment makes a profit, investors tend to close the position quickly to ensure that they do not lose the profits they have made. The fear that the price may turn around and fall makes them want to close the position early.
1. Fear of Loss: When an investment makes a profit, investors tend to close the position quickly to ensure that they do not lose the profits they have made. The fear that the price may turn around and fall makes them want to close the position early.
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Gold Ghost
Short story by Phan Thuy Ha.
It attracts participants with the form of high leverage, which can borrow two thousand times the capital. For smart investors, leverage is an advantage, bringing maximum profit when encountering good opportunities. Smart investors are not blinded by leverage.
At that time, my job at the printing factory was difficult, finding a contract was too tiring. While I was struggling to find another business direction, an old friend appeared, introducing me to a very new and strange investment channel, with a very professional name: trade gold.
It attracts participants with the form of high leverage, which can borrow two thousand times the capital. For smart investors, leverage is an advantage, bringing maximum profit when encountering good opportunities. Smart investors are not blinded by leverage.
At that time, my job at the printing factory was difficult, finding a contract was too tiring. While I was struggling to find another business direction, an old friend appeared, introducing me to a very new and strange investment channel, with a very professional name: trade gold.
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How to think probabilistically in trading
Probabilistic thinking in trading is an analytical and decision-making approach based on probability and statistics rather than emotions or subjective predictions. This helps traders have a realistic view and better manage risk. Here are some ways to apply probabilistic thinking in trading:
Understanding and Accepting Uncertainty
No Sure Thing: In trading, there is no such thing as a guaranteed winner. Every trade has some level of risk, and probability is a way to quantify that risk.
Understanding and Accepting Uncertainty
No Sure Thing: In trading, there is no such thing as a guaranteed winner. Every trade has some level of risk, and probability is a way to quantify that risk.
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There are hundreds of books in the trading world, and not all of them are good. There are books written to make money for the author, and I find that most of them are like that. Very few books are written with heart, giving good, quintessential things to readers. This is one of the books I find like that, The New Way to Trade for a Living, by Dr. Alexander Elder. If you choose trading as a serious job, invest time and effort in learning about trading, through the experiences of previous traders, and your own experiences. And this job will take a lot of time, maybe years of effort, just to have a little success. Let's shorten that distance, through good and quality books. This book is one of those books. I hope you will read useful information for yourself. #nhagiaodich #nhagiaodichkyluat #MarketDownturn #SahmRule #PowellAtJacksonHole $BTC
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On the h4 chart, $BTC is facing resistance at ~61500 with 5 previous touches. $BTC if it breaks out of 61500 there is a possibility of a bullish move afterwards.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #nhagiaodich #nhagiaodichkyluat $BTC
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #nhagiaodich #nhagiaodichkyluat $BTC
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$AAVE ran as I said last time.
#nhagiaodich #nhagiaodichkyluat #CryptoMarketMoves #BlackRockETHOptions #MtGoxRepayments
#nhagiaodich #nhagiaodichkyluat #CryptoMarketMoves #BlackRockETHOptions #MtGoxRepayments
$AAVE has escaped the big downtrend on the W chart, is accumulating sideways and the possibility of sideways enough to go up in the near future. However, the upward scenario depends a lot on the trend of BTC. If BTC goes down, it will be difficult for Altcoins to uptrend.
The W chart of $AAVE is a good model to decide when to hold. Holding in a downtrend is useless because the amount of money to average the price is not known enough. Holding when the market accumulates and shows signs of going up is the most ideal, most effective, and optimizes the time to use capital.
#nhagiaodich #nhagiaodichkyluat #BlackRockETHOptions $AAVE
The W chart of $AAVE is a good model to decide when to hold. Holding in a downtrend is useless because the amount of money to average the price is not known enough. Holding when the market accumulates and shows signs of going up is the most ideal, most effective, and optimizes the time to use capital.
#nhagiaodich #nhagiaodichkyluat #BlackRockETHOptions $AAVE