"The biggest losses usually follow the biggest wins. That’s why keeping the money you make is the hardest part. If you have a big trade best thing to do is step away and enjoy it. Take the rest of the day off, get level-headed, and then get back to business!" TraderLion

Plan your risk Plan your trades Plan your reactions Plan your screen time Plan your money management Plan your worst case scenario Trading is about planning! If you did your homework, almost nothing can surprise you.

5 steps to become a #better #stock #trader: 1) Look at the market trend and odds first 2) Let the screeners show you the best stocks 3) Plan all trades in details 4) React to a signal, don't anticipate it 5) Use the weekends for planning and reflection

The simplest #edge in #trading? Trend following! 1) Enter in the direction of a trend 2) Risk 1% from your total capital per trade 3) Use a 7% stop loss 4) Take profits with a EMA 65 or EMA 200 trailing stop 90% of all traders would do better with this approach.

How to trade a 14% position and risk only 1% of your total #trading capital: 1) Entry x 7% = Stop loss distance E.g.: 100 x 7% = 7. 2) Capital w/o profits/losses x 1% = Risk E.g.: 100k x 1% = 1000 3) Number of shares to trade: Risk / stop loss distance E.g.: 1000 / 7 = 142.

5 things #boosted my profitability as a #trader: 1) Decreasing number of stocks in my watchlist 2) Trade less, but higher quality 3) Stricter stock selection criteria (technicals & fundamentals) 4) Letting profits run if stock above 21 EMA 5) Start every trading position small

#Trading tip: Observe the stocks on your screeners & watchlist when the stock market is in a correction. The most chart patterns (VCP, cup & handle, flat base …) develop while the stock market is in a correction! And they breakout when the stock market is turning up again.

5 simple re-enter tactics after you got stopped out: 1) Buy a pullback at a moving average 2) Wait for a consolidation and buy the breakout 3) Simply buy at your previous entry price 4) Buy at the close if the price reversed on the same day 5) Buy a re-breakout

Paul Tudor Jones said: "Do not focus on making money; focus on protecting what you have." Means: It's not difficult to make money in the right market. It's difficult to keep it in a bad market!

4 #trading books about #technical #analysis: 1) Technical Analysis of the Financial Markets (Murphy). 2) Encyclopedia of Chart Patterns (Bulkowski) 3) Japanese Candlestick Charting Techniques (Nison) 4) Technical Analysis Using Multiple Timeframes (Shannon) What's missing?

Remember: First of all, you are an #observer, not a #trader. Observing the market and stocks should be your number one activity. Buying and selling is just a consequence of your observations.

Important: React, never predict! React = You act after a new information is available or after a clear signal to buy is given. Predict = They anticipate the information even though nothing has happened yet. Reactive trading is based on facts, not wishes.

Global GDP 2021. Courtesy: Visualcapitalist.

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Penjelasan kenapa beli labubu antri, tiket konser habis tapi UMKM melemah kaum menengah juga. 🙂