Our Lead Analysts repeatedly show the benefits of trading charts over emotions.
It all comes down to logic. Of course, that's easier said than done when you're a beginner, or you've suffered some heavy losses.
A great way to overcome this issue is to realise where the problem started.
Find the root, find the problem, find the process to correct it.
Time Stamps
1:39 – FTM/BTC Previous COTW (DO NOT TRADE THIS)
7:24 – PSYCHOLOGY IN TRADING
- How to manage emotions – the TA is there but the trust in the setup is not
- Lost confidence after a string of losses
- Too scared to enter the set-up
- Feeling pressure and tension
- Daniel can give the best TA, but only you can manage your own emotions
- To fix a problem one has to understand the root cause
- You have to analyse the problem in detail or find an expert in that field
20:04 – INTRODUCING VICTOR – A NEW MENTOR!
28:33 – SUMMARY
30:17 – BTC TA
37:24 – Q&A
- You have to be extremely strict with risk management
- Journaling and recording statistics is very helpful
- SL has to be at the invalidation level (wherever it is)
- Channels, fibs and horizontals are so powerful when it comes to basics