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#Some Trading Barriers You Should Know About!!

#1.Undefined : Loss
#2. Hesitation
#3. Stubborn Beliefs
#4. Suicide Trading
#5. Euphoric Trading
#6. Missing Breakouts
#7. Losing Focus
#8. Being Right or Making Money?
#9. Inconsistency
#10. Missing Money Management
#11. Dollar Dependence

Good luck to all.
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Wild Bitcoin🇵🇸
Tradingview chart ! feel free to press like or leave your feedback we appreciate that, thanks for your support guys ❤️🙏 #Some Trading Barriers You Should Know About!! #1.Undefined : Loss #2. Hesitation #3. Stubborn Beliefs #4. Suicide Trading #5. Euphoric…
2. Hesitation.
You receive your trading signal and then what? You watch it go by, believing that if you hold a bit longer, price will continue the uptrend or will soon change from a loss into a profit. You could be right...or wrong. One thing is clear is that you are ignoring your trading signals, and that is never good.
Plan the trade and trade the plan. If you set an exit price and the stock reaches it, then close out the trade either for a profit or loss. Taking a loss should be just as easy as taking a win. If it's not, then keep practicing until it is.
Wild Bitcoin🇵🇸
Tradingview chart ! feel free to press like or leave your feedback we appreciate that, thanks for your support guys ❤️🙏 #Some Trading Barriers You Should Know About!! #1.Undefined : Loss #2. Hesitation #3. Stubborn Beliefs #4. Suicide Trading #5. Euphoric…
3. Stubborn Beliefs.
The worst trades I make are those in which I know how the stock is going to behave. They are the a no-brainers, the trades so obvious anyone could make them. When the unexpected occurs, I sit paralyzed, unable to believe my eyes and unable to pull the trigger to exit. The loss grows, seemingly without bounds.
Now that I know about this problem, I try to examine all sides of a trade, covering how to adapt should the trade go wrong or price begin a dead-cat bounce.
Don't let your beliefs dictate your trade. Only price should do that.
Wild Bitcoin🇵🇸
Tradingview chart ! feel free to press like or leave your feedback we appreciate that, thanks for your support guys ❤️🙏 #Some Trading Barriers You Should Know About!! #1.Undefined : Loss #2. Hesitation #3. Stubborn Beliefs #4. Suicide Trading #5. Euphoric…
This article is based on a sidebar from the August 1996 issue of Technical Analysis of Stocks & Commodities magazine, in an interview with Robert Koppel, written by Thom Hartle, titled, "Psychological Barriers to Trading." I reduced the number of barriers because they were either duplicated or made little sense, and I added one of my own.
According to the article, Koppel and Abell, in their book, The Inner game of Trading, discuss psychological barriers to trading successfully.
Writtern by Thomas N. Bulkowski

11 Trading Barriers


#1.Undefined : Loss
#2. Hesitation
#3. Stubborn Beliefs
#4. Suicide Trading
#5. Euphoric Trading
#6. Missing Breakouts
#7. Losing Focus
#8. Being Right or Making Money?
#9. Inconsistency
#10. Missing Money Management
#11. Dollar Dependence




1. Undefined : Loss.
Before I make a trade, I define my upside target and also my stop-loss price. "At what price would the market be telling me I'm wrong?" I ask myself. Some traders don't set profit and loss targets, and I confess that if the trade is rushed or if I have many trades to place quickly, I may forget to fill in my trading notebook where I describe the price targets.
The article makes an interesting point when they write, "If you are afraid to take a loss, don't trade." I would add that if your inner voice is telling you to avoid the trade, then do so. If you are always fearful that the next trade is going to be a loser, then that is another problem altogether. It may be that you don't trust your trading system, or you fear success. Figure out what the problem is and fix it.

2. Hesitation.
You receive your trading signal and then what? You watch it go by, believing that if you hold a bit longer, price will continue the uptrend or will soon change from a loss into a profit. You could be right...or wrong. One thing is clear is that you are ignoring your trading signals, and that is never good.
Plan the trade and trade the plan. If you set an exit price and the stock reaches it, then close out the trade either for a profit or loss. Taking a loss should be just as easy as taking a win. If it's not, then keep practicing until it is.


3. Stubborn Beliefs.
The worst trades I make are those in which I know how the stock is going to behave. They are the a no-brainers, the trades so obvious anyone could make them. When the unexpected occurs, I sit paralyzed, unable to believe my eyes and unable to pull the trigger to exit. The loss grows, seemingly without bounds.
Now that I know about this problem, I try to examine all sides of a trade, covering how to adapt should the trade go wrong or price begin a dead-cat bounce.
Don't let your beliefs dictate your trade. Only price should do that.

4.Suicide Trading.
Have you ever been so mad at the world that you didn't care what happened? I remember approaching a day trading session in that kind of mood. I made unusually large and risky bets, but I don't remember if I was successful or not. Probably not. Now I don't trade if I'm upset, and you shouldn't either.

5. Euphoric Trading.
This is the opposite of the last one, but the results are often the same. How many times have you made trade after trade that wins? You feel invincible. When I feel as if I can't lose, that's when the market gets me as bloody as a CSI episode. I take a loss, often a big one.
Now I know better. When I have the euphoric feeling of invincibility, I stop trading.
Wild Bitcoin🇵🇸
Tradingview chart ! feel free to press like or leave your feedback we appreciate that, thanks for your support guys ❤️🙏 #Some Trading Barriers You Should Know About!! #1.Undefined : Loss #2. Hesitation #3. Stubborn Beliefs #4. Suicide Trading #5. Euphoric…
6. Missing Breakouts.
This one is not about getting into a trade well after it has begun its move. Rather, it is about failing to get into the trade at all. You watch price move from the sidelines.
I did that with XRP. I correctly identified a head-and-shoulder bottom and added it to my watch list when it was trading at about $0.25. Then I sat back and waited and waited and waited. Meanwhile, the coin climbed and climbed and climbed. And each day that it climbed, I kept chanting, "I should have gotten in. I should have gotten in."
The coin hit 75. more than 100% right now!!

7. Losing Focus.
When I started day trading, the light shining through the window always caused me problems. It was a distraction, just as my dog barking or the phone ringing.
When you are in a trade, keep the focus.

8. Being Right or Making Money?
There are a few traders I know that advocate scaling out (selling part of a position) on the first trade of the day so as to book a profit. They want a win behind them to set the tone for the day. But if you were to rephrase their style and ask them, "Which is more important, winning or making money?" They will answer "Making money," and yet that's not how they begin their day trading. They sell part of a winning position (increasing the win/loss ratio) instead of making more money by selling later.
They have a valid point, that of a psychological need to set a winning tone for the day, but I'll take the money.
If you scale out of a trade, check your numbers. Would you have done better if you sold the entire position at once or in pieces? A clue to the answer, at least for me, occurred during losing trades. If I sold the entire position, I kept more of my money than selling half and hoping I could recover if the price bounced. I found that by scaling out, I sold at even lower prices, compounding my loss.
Now, if I have a losing trade and want out, I sell my entire position at once. For winning positions, I almost always sell my entire position also at once. The only time that is not true is to reduce the position size to rebalance the portfolio.


9. Inconsistency.
If you obey your trading signals some of the time and not others, then why are you trading using that system? You can't tell ahead of time which trade will be a winner and which one won't. Thus, you have to obey every trading signal that a system gives you. If you can't do that, then find a system in which you can.
Trading Barrier

10. Missing Money Management
The big one here is using stops on every trade, but it also includes the proper position sizing I do better and feel more comfortable trading.
Money management is all about the preservation of capital, of keeping those losses small and your profits larger. If you can do that, then you can probably make it in this business.


11. Dollar Dependence
I added this one because it's a bad problem with an easy cure. What's the problem? You focus on the money. How many times have you said, "The loss is too big to sell!" How many times have you looked at your profits and decided to get out? I did that just the other day after a 80% gain in INJ in 3 days. Turns out I sold the day price peaked, but the stock could have continued to drive higher.
I do not matter at what price you bought a stock. What matters is when you sell. Forget about profits and losses and concentrate on how well you are obeying your trading rules. You compound your stress when you look at the bottom line each day or after each trade. Instead, concentrate on whether or not now is the time to sell. If you can do that, then your stress level will drop and the profits will take care of themselves.
It sounds easy and it is, but one trader I know just can't accept it. He keeps chanting, "All I have to do is make a nickel on each trade." He is so focused on making money that he may never make it as a trader.



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Good luck to all.
🙏we ask Allah reconcile and repay🙏
Wild Bitcoin🇵🇸
BTC targets $17200/16800/15500 This view will fail if BTC breakout $18750 and close above daily Ps: We don`t short btc or use leverage or trading BLV tokens!! Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell…
#BTC
Breakout $18750 in a mid-day and btc moving now at $19350
although we were looking for a good retrace in the last update from 188XX zone and btc dropped to $17XX, but now there breakout for 188XX with good push to 193XX, current move shows btc still move inside the channel and near one of the main levels

anyway, we dont recommend you to buy btc, if you missed BTC there many signals for ALTS we posted since days ago moved in a great profit so no need for rush or fomo !!

if you totaly missed everything, remember the market is a cycle (bullish cycle - bearish cycle) so be ready for the next one!!
for now, be sure you follow risk management and secure your profits,


https://www.tradingview.com/x/23YrIXtW/

Ps:
We dont short btc or use leverage or trading BLV tokens!!
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
we ask Allah reconcile and repay
Forwarded from unfolded.
Over 55k $BTC (~ $1 billion) options is set to expire this Friday on Deribit.
#LINKUSDT (Long Term)

Buy : 15.49000000 - 13.26796337

Target 1: 17.03900000
Target 2: 20.91150000
Target 3: 27.10750000
Target 4: 38.72500000

Stoploss: 12.92818751

Signal R/R: 10% / 150%
Net ROI : 50%
Invest / Position Size : 3%

Exchange : Binance

Duration: 15-90 days
Confidence in Trade : Low

we ask Allah reconcile and repay.
💡Quote of the Day💡

“The opportunities you missed, the streets you didn't walk, the people you didn't talk and the dreams you didn't dream will be the fate of others, not yours!”

― Mohamed Murad ildan ✍️
Wild Bitcoin🇵🇸
#BTC Breakout $18750 in a mid-day and btc moving now at $19350 although we were looking for a good retrace in the last update from 188XX zone and btc dropped to $17XX, but now there breakout for 188XX with good push to 193XX, current move shows btc still…
Clear weakness from main level and Upper trend for the channel
Be sure you secure your trades&profit guys

We tracking BTC closely
https://www.tradingview.com/x/8oQXoRj6/

Ps:
We dont short btc or use leverage or trading BLV tokens!!
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.
we ask Allah reconcile and repay
Wild Bitcoin🇵🇸
Clear weakness from main level and Upper trend for the channel Be sure you secure your trades&profit guys We tracking BTC closely https://www.tradingview.com/x/8oQXoRj6/ Ps: We dont short btc or use leverage or trading BLV tokens!! Also, The TA updates…
here are two potential scenarios for BTC movement in the next 3 days !!

1- retesting $17600 max (the lower trend for the channel) then rebound again and start a bullish move by Sunday end!! to $20800/21500
2- Breakdown and totally panic to $16800/15350 maybe lower

-The first scenario will be good to catch some alts
-The second scenario will be like a free chance for most people who are missed this bullish wave so track reaction from these levels closely

Stay tuned !!
https://www.tradingview.com/x/y8wXfq1v/

Ps:
We dont short btc or use leverage or trading BLV tokens!!
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.

we ask Allah reconcile and repay
Wild Bitcoin🇵🇸
here are two potential scenarios for BTC movement in the next 3 days !! 1- retesting $17600 max (the lower trend for the channel) then rebound again and start a bullish move by Sunday end!! to $20800/21500 2- Breakdown and totally panic to $16800/15350 maybe…
#BTC dumped after our update directly by $2000 from the upper trend of that channel we mentioned and that main level at $195XX !!

Current movement:
BTC rebound by long wick from $17100 So holding above it we can see btc pullback inside the channel and retest $18500 or higher !!
But Closing below $17600/17100 will support more retrace, and the second scenario we posted!!

Current Action:
waiting for daily close to indicate what the next during that BTC will gives you good chances for scalping !! Just be sure you are good with it and always set Stop-loss for your trades.


Most important levels between $19500/9500
$16600
$14350
$12350
$11550
$10560

Ps:
We dont short btc or use leverage or trading BLV tokens!!
Also, The TA updates is an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else.

we ask Allah reconcile and repay
Wild Bitcoin🇵🇸
#BTC dumped after our update directly by $2000 from the upper trend of that channel we mentioned and that main level at $195XX !! Current movement: BTC rebound by long wick from $17100 So holding above it we can see btc pullback inside the channel and retest…
#BTCUSDT Risky Scalp

Buy Between: 17500 - 17063

Target 1: 17719
Target 2: 17938
Target 3: 18156
Target 4: HOLD

Stoploss: 16849

Invest / Position Size : 10%

Exchange : Binance

Risk/Reward: 2.50% / 3.75%

we ask Allah reconcile and repay.