Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
-
Welcome Guests
Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.
Coding Forum
Collaborate, receive help, or discuss indicators and other coding-related topics
797 topics in this forum
-
- 0 replies
- 5674 views
-
- 0 replies
- 5098 views
-
- 0 replies
- 642 views
-
- 0 replies
- 559 views
-
- 0 replies
- 424 views
-
- 0 replies
- 302 views
-
- 0 replies
- 689 views
-
- 0 replies
- 710 views
-
- 120 replies
- 76506 views
-
- 0 replies
- 463 views
-
- 1 reply
- 531 views
-
- 0 replies
- 335 views
-
- 5 replies
- 4300 views
-
- 0 replies
- 959 views
-
- 0 replies
- 808 views
-
- 0 replies
- 656 views
-
- 0 replies
- 1611 views
-
- 0 replies
- 2732 views
-
- 1 reply
- 2990 views
-
- 42 replies
- 25393 views
-
- 75 replies
- 40137 views
-
- 0 replies
- 1059 views
-
- 0 replies
- 2065 views
-
- 2 replies
- 2316 views
-
- 0 replies
- 981 views
-
Topics
-
-
Posts
-
IS THERE ANYTHING GOOD ABOUT LOSS? We trade to make profits, and therefore we hate losses and like profits. However, when we put losses in proper perspective, we would see it as occasional blessings in disguise. Losses can be a good thing if they make you evolve into a better and more effective trader. You will then be able to trade with peace of mind, knowing full well that risk is under control and you will gradually move ahead regardless of any temporary setbacks (loss trades) along the way. The notes below are taken from comments of Joe Ross’ clients, who are traders themselves. Joe Ross has been trading for more than 60 years, and he is the founder of Trading Educators, Inc. Please read and get enlightened. May your pips be green! WHAT EXPERIENCED TRADERS THINK ABOUT LOSS “The reason they lose is due to sloppy trading habits. Traders lack discipline and self-control. That is what is so upsetting. We look at our trades and know we shouldn’t be in them, or we should be getting out, but we don’t. When we lose, we know we have only ourselves to blame. It’s as if the market is holding up a mirror of our trading behavior. I discovered by keeping a log of my trades and analyzing my losses, the majority of them come from my impulsive behavior and lack of self-control.” “Overcoming oneself, impatience, greed, and insecurity are the biggest problems. That’s why, with almost every losing trade, it’s such a big deal. We end up saying to ourselves, ‘Oh no! Here I go again not sticking to my trading plan’ yet again! Our compulsive reactions are much like the smoker who can’t quit, or a dieter, who has that one last chocolate ……” “Trading quietly, patiently, and detached would make most traders profitable, myself included. Thanks again for focusing on the real issues in trading.” “What you wrote about losses, is an issue every trader has to come to terms with. I have an additional thought I’d like to pass on to those who might be interested. I know from doing some self-searching that what I discovered affects me. “First of all, the money traded has a value; I worked hard for my money. Because I worked hard for them, they have a ‘sweat’ value, and a ‘time’ value. It might be only a USD 100 loss, but it has value. Secondly, and I’m not certain how best to explain this, but the risk of loss factor has an emotional component related to the results of previous trades.” “My angle is slightly different from what Joe wrote, due to the inability to expect a profit. I mean that Joe and others trade with the knowledge they are right 60% or 80% or whatever it might be, so it is more easily possible for them to trade with positive expectations. Unless they’re screwing up their process, it is a numbers game, so make another trade. I’m not at that point of confidence which is perhaps necessary. I don’t know if the question was really asking for an answer, and I don’t offer my response as my excuse. The value in Joe’s writing is his providing evidence that there is possibly a more detached view separate from the specific outcome of any one trade, or even a small group of trades. I recall this discussion in one of his books. (Some trading things need constant reminding.) This perspective can assist with getting on with the next trade when it appears, with a better expectation that is not related to the previous trade’s result.” How should you feel about losses? I once read somewhere that you are supposed to love losses. Does that make sense to you? It doesn’t to me. The worst aspect of losing is that it tends to create pessimism. Traders should feel bad when they lose only if they fought the market trend, or violated their own trading strategies. The best traders have a healthy ‘so what, big deal!’ attitude that maintains a sense of humor about losses. There is no reason to feel bad about losses if the trading discipline was correctly used. On the other hand, there is no reason to learn to love them either.” “Analyze losses, learn from them, and then let them go; move on, that’s the best thing to do. Understanding man’s relationship to time is one of life’s most important challenges. When man becomes free of time’s constraints, he lives life to the fullest and achieves goals on his own terms. Pessimism traps traders in the past, destroys their present, and robs them of the future. Imagine a world without time where the thought of death is not a finality of existence. If profits were not the reason for your work-related behavior, then who are you? Where are you and what are you doing? Who shares this existence with you? In the philosophical sense, man creates himself and his existence when he takes responsibility for his actions and his time. Think how various individuals create order, structure and discipline in their lives. How will you allow a trading loss today affect your life five years from today? Thinking the wrong way can become self-fulfilling. The trouble with self-fulfillment is that many people have a self-destructive streak. Accident-prone drivers keep destroying their cars, and self-destructive traders keep destroying their accounts. Markets offer unlimited opportunities for self-sabotage, as well as for self-fulfillment. Acting out your internal conflicts in the marketplace is a very expensive proposition. Traders who are not at peace with themselves often try to fulfill their contradictory wishes in the market. If you do not know where you are going, you will wind up somewhere you never wanted to be. Every business has losses. I cannot think of any that don’t. Shoplifting, embezzlement, internal pilferage, lawsuits, bad debts, spoilage, etc., I’m sure you can think of even more. You name it and businesses have one or more of the many ways to experience losses. Most businesses expect and accept such losses as part of doing business. Why, then, is it such a big deal when you have a loss in trading? If you know the answer to that, please let me know. The way I handle a loss is this: I examine it, make every attempt to learn from it, and ascertain whether I had the loss by straying from my trading plan. If I have strayed, I reinforce my resolve to stick with my plan. If I have not strayed, then I learn from it what I can, and shrug it off as a cost of business. It is not an expense, it is a cost, and if you don’t know the difference, you need to take a course or read a book on the basics of accounting.” Source: https://learn2.trade -
CHAINLINK (LINK) PRICE ANALYSIS: LINK CONTINUES ITS BEARISH PATTERN, MAY DROP TO $4 LOW Key Highlights LINK price making a series of lower highs and lower lows The market may fall to $4 low if the support at $9.50 is breached Chainlink (LINK) Current Statistics The current price: $11.01 Market Capitalization: $3,853,295,393 Trading Volume: $1,244,310,906 Major supply zones: $18.00, $20.00,$22.00 Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis September 18, 2020 Since August 15, LINK price has been making a series of lower highs and lower lows. This explains that the coin is in a downtrend. It will continue to fall except the bearish pattern is interrupted. Today, LINK is trading at $11 at the time of writing. On the upside, if buyers push LINK above the $14 high, the coin will resume upside momentum. However, if buyers fail to sustain the upward move, the downtrend will continue. On the downside, the market is falling to the lower lows. LINK/USD – Daily Chart Chainlink Technical Indicators Reading LINK is now in a descending channel. The coin will resume uptrend if price breaks and closes above the resistance line of the descending channel. In the same vein, the crypto will further decline, if price breaks below the support line of the descending channel. Meanwhile, the price action is indicating a bearish signal. LINK/USD = Daily Chart Conclusion On September 5, the coin has earlier fallen to the $9.50 low before making an upward correction. On September 5 downtrend, the retraced green candle body tested the 61.8 % Fibonacci retracement level. This implies that the market will fall to the 1.618 Fibonacci retracement level. That is a low of $4. Source: https://learn2.trade
-
By freetrading · Posted
Binary Options No Deposit Bonuses List for 2020 - 2021 - https://binaryoptionsfree.eu/latest-binary-options-no-deposit-bonuses-in-2020/ -
By HFblogNews · Posted
Date : 18th September 2020.FX Update September 18 – A volatile 24hrs.The Dollar has scraped out a two-day low at 92.76 in the narrow trade-weighted USDIndex, with EURUSD concurrently pegging a two-day high at 1.1868, gaining quite sharply from yesterday’s five-week low at 1.1736. A steadying in stock markets today has seen the Dollar ebb back after finding safe haven demand during the worst of this week’s sharp sell-off across global equity markets.The Pound has come under modest pressure against most other currencies. Cable posted an intraday low at 1.2941. The WHO is warning of a serious second wave of SARS-CoV-2 in Europe¹ (Germany recorded 2,179 cases yesterday) on the back of a surge in new cases (despite data showing a continued very low rate of death alongside a relatively low incidence of Covid being listed on death certificates). In the UK, coronavirus cases and, with it, corona-panic are surging. Localised lockdowns are now affecting 10 million people in the UK, and the government’s scientific advisory group are, according to an FT report, advising the government to implement a two-week national lockdown. The embattled Health Secretary (Matt Hancock) this morning called it a “last line of defence” but “will do whatever is necessary”. This is a negative backdrop for the Pound, adding to the uncertainty surrounding the Brexit endgame, and with the minutes from the BoE MPC meeting yesterday affirming that the central bank is at full steam on contingency planning for negative interest rates (although stressing that it is not ready to do so yet).Elsewhere, USDJPY has settled in the mid 104.00s, testing the seven-week low seen yesterday at 104.52. Yen crosses have also rebounded out of lows. Both EURJPY and AUDJPY lifted above their respective Thursday highs. Japan’s core CPI came in at -0.4%y/y, matching expectations, but the NZDJPY was the biggest mover, moving over +0.6% as the Kiwi holds its bid.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
be like mitsubishi ... self censor ! ... https://www.gatestoneinstitute.org/16337/self-censorship-in-the-us
-
