NewCityTrader' s příspěvky - stránky 2

How trader’s mind works? v Noví obchodníci Jun 16, 2022 at 09:45

Thank you for your thoughts! Check out my profile for more, I post few times a week.

Trading Q&A: How to make a proper entry and exit from the market? v Obecné Jun 16, 2022 at 09:37

1) You need to know exactly where you are going to enter (when, why) BEFORE you open a trade. These must be clear and ironclad rules. Without discretion "because something appeared in the market", this is the way to losses. Your trading system should describe this very precise.2) When it comes to exit, we have two ways. First, you know right from the start where you will exit (i.e. you have a set TP based on the rules of the system!). The TP MUST be set every time! If it isn't, it's like you don't have a system because you can't determine the RR!Without knowing your R...

Can you move the TP? Is it wise to move TP? v Obecné Jun 10, 2022 at 10:27

Today I’m answering questions I received from a beginner trader. Take this knowledge and use for your own needs."I am a beginner trader. Sometimes I have a mental blackout, i.e. when the market reaches my TP, I move it once and then a second time, but then the market backs off. What to do in such a situation?"Start by taking the established TP. Don't take more, greed is a bad advisor. The decision of where the TP and SL are should be made BEFORE taking a trade and should be based on the assumptions of the system. These things are not likely to be moved. Grab all the TPs tha...

Why do you make money trading on demo but not in real market? [Trading Q&A] v Obecné Jun 08, 2022 at 11:32

I got another question from a beginner trader. "Why do I make money on demo and not on real?"It is difficult to answer such a question without more information. Therefore, I will answer what is the most common cause of this situation.1. First of all it might be unfamiliarity with the trading system. Need more testing, analysis of your actions and more work on… demo.2. There is more courage on demo than in the real world. It is easier to make decisions. And if you have a problem here too - see point 1. Write down the rules of your trading system, prepare all the documents that ...

Why are some traders successful? v Obecné Jun 06, 2022 at 10:14

Why are some traders successful?The best traders in the beginning weren’t the best. But that’s probably obvious. They had their problems, which they overcame either on their own or someone helped them. They also made both good and bad trading decisions. That’s why you shouldn’t be afraid of making decisions, you should learn to do it. What’s more, most decisions can be changed… although caution should always be exercised.Why the best traders become the best?One of the key traits I’ve noticed in the best traders is that they invested in themselves &mda...

What to do when you missed the chance to join the movement? How to control pan v Obecné Jun 03, 2022 at 09:44

What to do when you missed the chance to join the movement? How to control panic?Today I am answering two questions I got from a rather beginner trader.Let’s start from the panic topic. The question is "I make a lot of mistakes because of panic How to control it?"Panic arises when we are not well prepared. You have to be a good player to go out and fight with the best in the World that we have access to. But they have access to us and our money :) You have to face up to them. The market is not a mindless creature. It consists of living people, very intelligent.Let's go next...

Underestimated sources of stress in trading: non trading related stress v Zkušení obchodníci May 26, 2022 at 10:35

A minor problem in trading that has occurred may be felt by you as very painful and serious at a time when you are particularly sensitive to stress, when your mental condition is weakened. The cumulations of negative events affect your trading results, especially losses and mistakes. It is best not to trade then. Stabilize yourself.Stress and its impact on tradingYou become particularly sensitive to stress, and your psychological reaction as a trader is greater and more painful when non-trading stress occurs: you are ill, you or a relative have an accident, a family member or friend dies, you ...

How and when close a trade to get the most out of the market? v Noví obchodníci May 23, 2022 at 14:04

One of the key questions I ask traders is how they get out of positions, can they always get to the TP. If you look at yourself you will find out something interesting about yourself.In short, there are two practical ways to manage a trade (and that includes staying within your TP).The first is technical management:You exit a position either when you have a TP or when there are relevant conditions to exit earlier. E.g. a position has lasted too long and news is approaching. This is technical management and its feature is that when you analyze the position afterwards it is rational from start t...

How trader’s mind works? v Noví obchodníci May 19, 2022 at 11:18

Our mind works in a few primary modes. A plan prepared at ease is rational, well considered and reasonable. However, just before the trade, strong emotions appear and rapidly the same plan seems weak and not suitable for the market.Why emotions take over trader's mind?If we think rationally, the brain is dominated by the activity of frontal lobes.When emotions (fear) occur, the amygdala dominates. Amygdala is the center that is responsible for the response to a threat. It prepares our body to fight or run away. It is a very powerful survival mechanism and works today just as it did thousan...

What creates an advantage of best traders? v Zkušení obchodníci May 16, 2022 at 12:26

In my personal opinion it is:- Access to unique knowledge, preferably before everyone else.- Knowledge about companies' plans, new products (which is unavailable to others), that’s especially in a case of the stock- Ability to reliably estimate companies' results before they are published- Knowledge of political changes and their impact on the markets- Use of alternative data- Use of market formations that pay well and that others are not aware of.This can be accompanied by- knowledge and ability to use technical analysis- finding specific entry points and methods- using formatio...

[TIPS] How to choose the best Forex trading system? v Noví obchodníci May 13, 2022 at 15:09

If you have problems with choosing a forex system right for you, here’s some tips. Or, if you change systems often, here is the answer:1. Ask yourself: is trading really for you? Forex trading is a profession, not suitable for every personality. Just like any other job it simply does not have to be your thing. And that is ok.2. Think which assets (forex, stocks, crypto, commodities…) & which trading style suits you the best. Make some research. Where do you feel “right”?3. Find a good system & a mentor.4. Build discipline, mental toughness, ability to relax, fr...

How to make trades that are as likely and as long as possible? Interested? v Zkušení obchodníci May 11, 2022 at 13:58

Mathematically, the outcome of a system over a long period of time is the expected value. Therefore, we are interested in trades that are as likely and as long as possible, and we want losses to be as unlikely and as small as possible.That's what the math says.And that's what the task is derived from. Solving it shows a clear direction for improving the system.The task is to think more deeply about what makes your trades better:1. What factors make your trades likely?2. What factors will make the trades longer?3. What factors will make you have the fewest losses?

What are the hottest topics of AI in trading? v Zkušení obchodníci May 02, 2022 at 12:10

Good day Traders!In this post/article, I want to share with you some about the most critical and “hottest” elements that make up or are associated with Artificial Intelligence in trading today. As an addition, you’ll learn the basics of the tools that will shape the future of trading. First in the biggest and wealthiest funds and then in smaller ones as well.I invite you to take a journey into this near and far future of trading.NLPNatural Language Processing is the common name for many tools to analyze written and spoken text: company documents, press articles, news, analysi...

Trading curiosity: Pyramiding technique of the best traders v Zkušení obchodníci Apr 28, 2022 at 11:40

Good day Traders!In an interesting niche is one of the most efficient funds - Medallion. Their system has only 51% of profitable entries (so claim the representatives, I have to admit I have a few different opinions on this). This discourages others quite effectively but Medallion alone earns about 7 billion a year with an equity of 10 billion.Medallion's system covers dozens of markets and hundreds of instruments. Every day the automat inserts, according to different data, from 200 to 300 thousand positions. I will write it in words, so that there is no doubt: from two hundred to three hu...

Improvements in your trading can take 2 paths v Zkušení obchodníci Apr 25, 2022 at 11:29

Technical changes are improvements to the system. In psychological way you look for your weaknesses, and when you find them, you treat working on them as a … step forward.Most people when confronted with their weaknesses prefer to turn away and close their eyes. Often because they are a threat to our good self-image, the good opinion we have of ourselves.The best ones do things differently, they know that finding and fixing their weaknesses will translate into lighter work and better financial results in the future.Example: holding a position to TP or closing it technically (according t...

[Trading Psychology] Growth in take 2 paths: technical or psychological v Zkušení obchodníci Apr 20, 2022 at 13:44

Both are obligatory in your trading.Technical changes are improvements to the system. In psychological way you look for your weaknesses, and when you find them, you treat working on them as a step forward.Most people when confronted with their weaknesses prefer to turn away and close their eyes. There’s no different with traders on the market. Often because weaknesses are a threat to our good self-image, the good opinion we have of ourselves.The best traders do things differently. They know that finding and fixing their weaknesses will move them into easier work and better financial resu...

The future of Alternative Intelligence in trading v Obecné Apr 18, 2022 at 13:27

AI solutions will continue to mature. They will become more efficient and faster. At the beginning they will surely support us in various ways, providing knowledge, tips, automating tasks and processes.This will be the time when the best results will be achieved by mixed teams (I would call them hybrid teams) composed of traders and AI.An article on this topic is already in preparation, I will show in it the right direction of development, the next step of AI solutions adoption by funds. So far it is not well understood and I want to change that.Ultimately, Super AI will be created, which will...

Growth in trading take 2 paths: technical or psychological v Zkušení obchodníci Apr 15, 2022 at 12:19

Growth in trading take 2 paths: technical or psychologicalTechnical changes are improvements to the system. In psychological way you look for your weaknesses, and when you find them, you treat working on them as a step forward.Most people when confronted with their weaknesses prefer to turn away and close their eyes. There’s no different with traders on the market. Often because weaknesses are a threat to our good self-image, the good opinion we have of ourselves.The best traders do things differently. They know that finding and fixing their weaknesses will move them into easier work and...

Trades that are as likely and as long as possible. Interested? v Obecné Apr 14, 2022 at 06:31

Mathematically, the outcome of a system over a long period of time is the expected value. Therefore, we are interested in trades that are as likely and as long as possible, and we want losses to be as unlikely and as small as possible.That’s what the math says.And that’s what the task is derived from. Solving it shows a clear direction for improving the system.The task is to think more deeply about what makes your trades better:1. What factors make your trades likely?What factors will make them more likely.Example:Entries in strong trends in stocks. So far we have only looked at th...

[Trading Psychology] Emotion as a key element of decision making process v Zkušení obchodníci Apr 08, 2022 at 10:43

Thank you, I will check!

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