The Dangerous Fantasy That's Killing Your Trading Career
Are you still watching YouTube videos of traders showing off their luxury cars and million dollar properties? They make it look so easy to profit from the market. A few clicks here and there. Add some magical indicators. Suddenly you're making thousands of dollars a day. I fell for it hard. I was like you. I wanted something that could get me rich quick. The dream of leaving my 9-5 job to travel the world. I don’t want to worry about money again. Trading seemed like the perfect solution. This costs me $10,000 and five years of my life. The Seductive Lie of Quick Riches You've definitely seen those Instagram posts. Screenshots showing $5,000 profit from one trade, sports cars in the background, and the classic laptop-by-the-beach setup. They tell you they've discovered a "secret strategy" t
Why Your Trading Results Have Nothing To Do With Your Strategy
Have you ever wondered why some trades feel different than others? You're following the same strategy, looking at the same patterns, but something just feels... off. Last week, I received a message from a trader who was convinced that his strategy wasn't working. He had back-tested it extensively with 300 data points, showing a 45% win rate with a 1:2 risk-reward ratio. Statistically, he should have been profitable. Yet after three months of live trading, his account was down 28%. What he and what most traders didn’t realize and never consider is that his problem wasn't his strategy. It was something far more dangerous. The Hidden Force Destroying Your Trading Account Think about your last losing trade. Be honest with yourself: Did you move your stop loss because you "felt" the market woul
The Illusion of the “Perfect Routine” and Trading Psychology I always thought that if I did the million-dollar morning routine, take ice bath, meditate, and practice mindfulness, my trading psychology will be fixed. Whenever I see price is moving in my favour, I shifted my stop loss to secure profits. It’s fine right? It’s never wrong to secure real profits rather than letting it be an unrealized gain. I see the price took me out as my stop loss is too tight. The price went higher and higher without me. If only I had followed my trading plan which is to do nothing until price has shown bullish impulse. When I see that price made an impulsive move in my favour, I will wait a little while longer to secure my profits. I know my trading plan is telling me to close the position now. But let’s s
If you find my post helpful, I’ll be grateful and appreciate it if you could leave me a like on this post, and follow me for future posts like this. $Sea Ltd(SE)$ Price played out nicely as analyzed last week. However, price is still unable to fill the fair value gap at 33.20 before the bullish move. Price is showing exhaustion and I'm expecting a bearish retracement from here. $33.20 could finally be targeted next. $Alibaba(BABA)$ Price played out nicely as analyzed last week, taking out the sell-side liquidity and into the bullish order block at 69.80, and giving us a +13.49% to the upside. From here, I expect a bearish retracement and price could continue higher following the new bullish order flow.
If you find my post helpful, I’ll be grateful and appreciate it if you could leave me a like on this post, and follow me for future posts like this. $AMC Entertainment(AMC)$ Price played out nicely as analyzed, giving us a bullish retracement and now coming back down following the bearish order flow as expected. From here, since price has swept the liquidity above 4.78, I'd like to see a clean break below 4.01 for price to continue lower. If not, I'd expect price to consolidate for a bullish break of market structure. $Amazon.com(AMZN)$ Price played out nicely as analyzed last week, giving us a +4.48% move to the upside, shy of hitting our target of the clean highs at 158.65. No changes to my expectations.
$Advanced Micro Devices(AMD)$ #AMD22-01-2024 Price played out nicely as analyzed last week, giving us a +18.89% move to the upside. As price is currently in an all-time-high scenario, price is more likely to continue higher with the bullish order flow. Of course, we can expect bearish retracement into the bullish order block at 151.05, but the general direction is up.
$Palantir Technologies Inc.(PLTR)$ #PLTR 22-01-2024 Price consolidated since my last analysis. From the recent price action on the lower timeframe, we can see that price is building sell-side liquidity. Price also took liquidity at 16.84 and is unable to close above. There is also a lower timeframe fair value gap at 16.02 to be filled. Won’t be surprised if price make another bearish move before continuing with the bullish order flow. No changes in my expectations.
$Apple(AAPL)$ #AAPL23-01-2024 Price played out nicely as analyzed last week, giving us a +4.29% move to the upside. As earning release draws near, price could potentially reach for the $200, targeting the clean highs at $199.51 from here.
$NIO Inc.(NIO)$ #NIO23-01-2024 Price played out nicely as analyzed last week, giving us a -16.48% move to the downside. As price is over-extended to the downside, I’m expecting a bullish retracement from here. Target for the bullish move will be the bearish order block at 7.67.
$Tesla Motors(TSLA)$ #TSLA23-01-2024 Price played out nicely as analyzed last week, giving us a -4.61% move to the downside. Price is defying the general market trend over the past few weeks. From here, I’m expecting a continuation to the downside, following the bearish order flow.