Brainandmoney

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A two-legged pullback to the 20-period exponential moving average is a 😳 high probability trade entry set up inside a strong uptrend for buying a dip in price action. What??? It can also be a short selling opportunity on a rally back to the 20-EMA during a downtrend in price action. Any candle that goes higher than the previous candle begins a new leg up in price. Makes sense? Any candle that goes lower than the previous candle begins a new leg down in price. Trading rules for the two-legged pullback to the 20-EMA ​ Dip buy signal ·         Strong uptrend ·         Two-legged pullback down to the 20-EMA ·         Enter at the close of the candle that bounced back from the 20-EMA ​ Easy, right? And what about the short signal? Short sell setup signal ·         Strong downtrend ·         Two-legged rally back up to the 20-EMA ·         Enter on the candle that tested and was rejected off the 20-EMA resistance ​

Good Morning All, No clear trend is available in Markets & with no Major cues Markets is expected to be in Sideways & Crude fall might help, but Inflation worries & rate hike concerns is gonna bother Market Participants. I'm expecting more action will be in Next series than current series this week. After Fed Chairman speech yesterday, US Markets moved in to Green, but again gave back all Moves by EOD. Our Markets will sing a Different tune in upcoming week, if Crude continues to fall. For the Day, get ready to play based on Data & again Open & High Will be Critical for the day.

Trading is one of the hardest professions: You have to: - Face your fears head-on - Take responsibility for everything - Analyses your weaknesses and insecurities That explains the high failure rate.  Most avoid pain instead of embracing it!

There is a disconnect between thinking (knowledge) and emotion (performance) that is the missing link in your striving to become the trader you know you can be.  You push emotion to the background, thinking that is the way to trade.  Then it fails, again.  The truth is that emotion and knowledge have to be built into a new partnership for you to become the trader you can be.  The hidden strengths are there.  Come learn how to awaken them.  And grow them into the skills needed for consistent success in trading

Successful traders have intuitively mastered that the best trades come after a losing streak or are a product of many short-term mistakes, which have amalgamated into an almost intuitive process of beating the odds in the long term.

  It makes sense to believe that if you win more trades than you lose, you'd be turning a profit with your trading strategy. However, winning trades don't always equal profit at the end of the day. Day traders should be assessing the quality of their wins and losses. Quality in day trading means that a trader's win/loss ratio, risk/reward ratio, acceptable losses, and acceptable risks are all taken into account when creating a bid or ask. By addressing all of these elements, you create a balance between your win rate and risk/reward ratios, which is crucial to success as a day trader. You should be striving for a win rate of between 50% and 70%, and try to trade at risk/reward ratios of 1.0 for a higher win rate (60% to 70%), and between .60 and .65 for lower win rates (40% to 50%). Key Takeaways ·         - Day traders must understand the win/loss ratio, risk/reward ratio, and win rate to be successful. ·         - Win/loss and win rate metrics tell you how often

Good Morning All,  Yesterday Many Would Have Experienced, What Is a Bear Market Rally will look like & How Sharp Sell Off can be coming in 2nd Half. This Market is not good for Positional Players & Be Ready To Play On Both Sides when Index takes a Turn. Though Overnight US Markets rallied, but Asian Markets are not in a mood to Join the Party, which is gonna make difficult for Bulls in the morning. But considering Crude Fall, expect some breather for our Markets. Today is gonna be more of Range play day, with 33 K on Downside & 33500 on Upside will be the levels to watch. Also watch for 5min High  & Low Today, which might me critical for our Morning Trades.

At some point in your trading career, you may experience the jolt of a fairly large drawdown in your equity curve—either through a string of losses, or one big one. Either way, this is every trader's cross to bear. So how you cope with the situation may not only define the depth of the loss, but also your ability to recover. Get Over It As a trader, drawdowns are a fact of life. Just as the market moves up and down, so goes your trading account. Feelings of regret from a large loss can beget further errors in judgment, such as rationalizing why you should continue to hold losing positions. Research by the Econometric Society shows that the second $100 loss is easier to take than the first. And the third is easier than the second—until, at some point, the trade becomes a “buy and hold” investment regardless of your original strategy. Shine Your Dancing Shoes Avoiding drawdowns is impossible. However, the negative effects both financially and psychologically can be mitigated. How? V

  This article presents the story of a legend trader who was once a newbie. He was absolutely unfamiliar with the markets on day one but in almost 6 years he built a fortune for himself. He had to face many difficulties and failures but he never gave up. Through his passion and zeal for trading he devised some unique methods to trade stocks. His story would surely enlighten many budding traders and encourage them to follow a disciplined approach towards trading. A Dancer’s Pay-out On a very fine day in November 1952, when Darvas was giving a dance performance with his partner Julia at the Latin Square in Manhattan, his agent telephoned him and told about an offer. Al and Harry Smith, also called Smith brothers, offered him 6000 shares of  Brilund Company  for his performance in Toronto. The share was trading at 50 cents at that time. Smith brothers also promised him to compensate for the next 6 months if the price of the share falls below 50 cents. It was an unusual pay-out offer f

  If you are looking for role models who are successful investors, there’s definitely no dearth of those. Then there is a smaller group of legendary investors like Warren Buffet who have made billions of dollars not just for themselves but also for their shareholders. But even legends acknowledge that they have role models and people who they look up to. One of these rare individuals is Howard Marks, who is admired even by legendary investors like Warren Buffet.  The simplest way to introduce Howard Marks would be to say that he is the co-founder and co-chairman of Oaktree Capital Management. This company manages more than US$160 billion in assets, and Howard Marks specializes in finding distressed assets to invest in. Oaktree Capital Management has been quite successful under the guidance of Mr. Marks and has produced post-fees long-term returns of 19% p.a. for its investors. Apart from his investing success, Howard Marks is also admired by investors for his “memos” that provide uni