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Luck

Let's Talk About Bad Luck and Downtimes In TradingAbout bad luck and downtimes in trading. Let's discuss the downtimes that traders may face. While everyone experiences them, some traders can maintain a calm mindset, while others may collapse under the pressure. What sets them apart? As I mentioned in my previous articles, trading involves risks, much like gambling. If you're seeking a risk-free investment, consider options like bonds or long-term investments. Even with a positive expected value, trading can encounter terrible consecutive losses. For instance, my index swing trading strategy has a win rate of around 40% and a profit-to-loss ratio of 5 or higher, which sounds promising. However, the reality is that consecutive wins and losses are inevitable. A 40% win rate implies the following chances: - Around an 8% chance of experiencing five consecutive losses. - Around a 5% chance of experiencing six consecutive losses. - Around a 3% chance of experiencing seven consecutive losses. - Around a 2% chance of experiencing eight consecutive losses. How many consecutive losses can you handle? Can you keep your emotions in check? Can you survive the phase of self-doubt and questioning the strategy's correctness? These are all crucial factors. The most critical aspect is always capital management, ensuring that you retain profits and avoid being eliminated by the market. When feeling down, it's essential to accept your emotions and not avoid them. Embrace yourself and the imperfections of your trading. Take a break and improve your mood. Only trade when you can maintain a rational mindset. Go for a walk, chat with your family and friends, enjoy good food, and appreciate the beauty of the world beyond trading. Although it's against human nature, keeping an open mind and discussing your loss situation with others can be helpful. This helps you face yourself honestly, rather than trading for self-esteem or self-display. Trading goals should focus on making money, self-realization, improving life, and helping those in need. Always remind yourself. Evaluate the feasibility of the strategy, the ability to withstand consecutive losses, and manage your money well. Be aware that downtimes may occur at any time, but long-term positive expected value trading will lead you in the right direction. I hope this article can be helpful to you. I'm trader Beta, and you can also find me if you need a psychological coach. Wish you all the best of Luck while trading.
CME_MINI:NQ1!Education
by Eleta1228
LUNA COME BACK!!I don't see how it could go any lower. Its almost impossible to do any analysis on this chart due to where it dropped from I encourage you to try. Despite the Luna event being such a catastrophe I still think as long as its around it has potential to recover. A few days after the crash I know I was chatting with 2 guys who made over 100k in one night buying the dips on margin. The volatility dropped off much more since then the price isn't fluctuating as it was but im keeping my eyes peeled. This is sort of gamble just something you put some funds into and walk away for 2 years. The math and everything behind it says there is no shot of it bouncing back, but if somehow this project gets revived and/or they burn enough coins to revive it, it could possibly offer one of the biggest percent returns in the history of earth. I know the people who invested at the top probably took one of the quickest dirtiest biggest losses in the history of the world.
Long
by LiveTradingHouse
2
BTC BEARISH UPDATE TODAYThe bearish mood is perhaps understandable — the Ethereum Merge became a “sell the news” event, and along with macro triggers contributed to a fresh risk asset flight. Now, analysts are considering the chances of the downtrend staying in place at least until the Fed rate announcement passes. “BTC has chopped through the weekend, but there's always the potential for some volatility before the close The past week has seen tailwinds stack up for Bitcoin, leading to BTC price action falling in kind. BTC/USD lost over $2,000 in a single weekly candle, closing below $20,000 in what is the lowest such close since July, data from MY Youtube channel and trading view shows. Following the lowest weekly closing since July, Bitcoin (BTC) is facing yet another week of "big" macro announcements. Following days of losses in the wake of the most recent inflation data from the United States, BTC/USD has failed to recover, much like other altcoins and risk assets more broadly. The biggest cryptocurrency has yet to convert $20,000 to a solid support, and as the third week of September gets underway, there's a risk that it might do so once more. LIKE COMMENT AND SHARE FOR MORE, GOOD LUCK.
BITSTAMP:BTCUSDLong
by IPatrice
LADY LUCK EARLY GEMLUCK has successfully shown their legitimacy. With the upcoming Chainlink AMA (June 7) and another lottery each Friday, improved both through community voting and increased prize pool each week, there is no reason to skip out on this absolute GEM! Volatility in extreme pumps and dumps were to be expected in the first week of the project with excitement ramping up and whales taking the opportunity to take profits. The downtrend is now broken and new target levels have been set giving an easy 3-5x potential from here to test ATH, and then 20-50x potential once that is broken, likely seeing a 100m market cap before the Chainlink AMA (currently ~5m).
LLong
by cryptome
XAGUSD REVERSAL FOLLOWING SILVER FUTURES? LONG!Pinging the .38 on the 3h. I do believe that given the state of the S&P and the American political climate, we will continue forward as money flows out of equities and into safe havens. The horizontal lines are where we tested the 180 period MA and we look to have rejected it, for now. Caution : Silver is notoriously manipulated by investment firms / banks / hedge funds. Shakeouts are likely on the way, be wary of the 22 zone. Live long and profit, and best of luck.
OANDA:XAGUSDLong
by Z3R0Matrix
2
Magic rings for money,love,powers, fame and wealth +256780407791Love spells are for life. It is a vital energy and one of the most powerful emotions you can experience. Even if you’ve found your love, are still looking, or want to bring it back to you. My Ancestral Coven has a broad range of love Spells that work to help you with affairs of your relationship. These powerful love Spells are great ways to ensure long-term happiness and contentment – something everyone deserves. They are the perfect solution if you’re feeling lonely, ignored, and heartbroken or even if you’re seeking new romance. Please feel free to browse through our selection of Love Spells below. These are some of our most popular Spells we have but if you need something special, something tailored specifically to your needs, we’d be delighted to craft and cast a Custom Love Spell just for you. Love Spells can make that vital difference in your life – the extra push needed to let Love flourish. Don’t let your chance for happiness slip away,call +256780407791
NASDAQ:AAPL
by dumba3
BTC - Time to place your betsThe bigger symmetric triangle broke down leading us to where we are now. Target of the symmetric triangle, which also coincided with the maximum extension of Elliot's corrective Wave C (which is 1.618 time wave A or "beyond"), was the thick red line below @ 7.4k. Now BTC has formed yet another symmetric triangle trying to break upwards, which if succeeds could reach the target @ 12.3k (target is an approximation, depends on where the triangle breaks). You also notice a falling wedge forming, and BTC has only been scratching the upper resistance and it never moved anywhere near the lower support. Also it is said that Elliot Corrective Wave C occurs in 5 impulses and 2 are still missing. Now there is another important trendline (denoted in green) from my other ideas which hasn't been touched yet (though there is high probability that it will be violated leading to newer lows, it's important and it has to be touched and BTC isn't going anywhere up without visiting it) All of this leads me to the bias that there is more of downside than upside for now. But all of this, which is logical and practical, said and done, BTC can choose to be illogical and impractical and do the exact opposite!!! So, raise or fold??? Absurdity or common sense???
BITSTAMP:BTCUSDShort
by TulpenFieber
1
Bitcoin correction possibly to below 888 Bitcoin is showing parabolic price action that more and more is looking like a huge correction on the hyped-up value it reached near 20k. With little structure available from price action history I looked for possible support levels and I noticed there was a lot of action around 880 and that current price is moving around 8880. Is it a coincidence that number 8 is seen as a lucky number by large numbers of Bitcoin owners? Therefor I expect within the next 20 days a continuation of the a drop of price to below 888.
BITFINEX:BTCUSDShort
by Deep-Peat-Shark
11
UK Year on Year GDP release in 6.5 hours - Sitting on neckline!!- - - - - GDP/USD POSSIBLE LONG OR SHORT. DEPENDS ON THE SEVERITY OF UK GDP YEAR ON YEAR DATA - - - - - Keeping a tight stop loss would be a good idea, But on the other hand, there will most likely be a high volume fuelling the outcome - Instrument Price will be volatile - meaning stoploss spikes may possibly occur. Be very careful if you are trading this. Price could simply break the blue ascending neckline downward, or, continue rebounding off of it UPWARDS, like it has done so 2 times in the past. 4 hour charts GBP/USD Best of Luck, Its today at 9:30 AM (GMT) 6 hours and 28 minutes from now
by Divit_R
Ethereum/ETHUSDT Long Setup (H4/Daily)Hello, traders! I stumbled upon this POLONIEX:ETHUSDT pattern thanks to DLavrov's idea: As (quite unfortunately!) my platform is not offering cryptocurrencies trading, I'm usually not checking them, but this setup definitely captured my attention. Perfectly shaped wave almost reached point 5 now. If the resistance around this level stands, I would expect it to go North all the way up to planned target (point 6). Even though I can't trade it myself, I decided to publish this idea anyway as in fact it looks like a very interesting long project to me. GL All!
Long
by OceanBlue
6