Captain Faibik

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Technical Analysis Abbreviation ..!! TA = Technical analysis FA = Fundamental analysis SA = Sentiment analysis PA = Price action TF = Time frame HTF = Higher time frame LTF = Lower time frame TP = Taking profit HH = Higher high LH = lower high LL = lower low LH = lower high OB = Order block ATH = All time high ATL = All time low S/R = support/resistance FOMO = fear of missing out FUD = fear uncertainty & doubt OTC = Over the counter DYOR = do your own research BTFD = buy the fucking dip TR = trading range ATM = advanced trade management  SL = Stop Loss BE = Break even ROI = return of investment PNL = Profit and loss UPNL = unrealized profit and loss RR = Risk/Reward LT = Long term ST = Short term

Crypto Fear and Greed Index When deciding if you should buy in or sell out of the crypto market, a good trader or investor will always look for supportive data. One can look at charts or data but this can take a lot of time, while it should not be used alone the FGI is a good indicator of the market. The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 shows extreme fear while 100 shows extreme greed. A score of 50 shows the market is neutral. A fearful market could be an indication that cryptos are undervalued. Too much fear in a market can lead to selling and panic. Fear doesn't mean that the market has entered into a long-term bearish trend. Instead, it is a short or mid-term reference to overall market sentiment. Greed in the market is the opposite. If investors and traders are greedy there's a possibility for overvaluation and a bubble. FOMO causes investors to pump the market, overvaluing Bitcoin’s price. The increased greed may lead to excess demand, artificially inflating the price. Why is this index useful? It can be a valuable tool for checking market sentiment changes. Large swings may provide an opportunity to enter or exit before the rest of the market follows the trend. Closing Thoughts The Crypto Fear and Greed Index is a simple way to gather and summarize a whole range of fundamental and market sentiment metrics. Rather than have to do this yourself, you can rely on the indicator to track social media, Google Trends, and other statistics

The Ultimate Top 10 Rules Beginner Traders 1. Fear Of Missing Out Get fomo out of your head, there will always be other plays for you to enter with a safe entry and a better risk reward ratio. When I have FOMO with a ticker I usually enter with a very small position so it doesn't distract me from other trades. 2. Do Your Own Charting and Stick by It When beginner traders do their charting, they tend to keep changing their lines based on the moves (In reality they are trying to see what they want to see instead of extracting the right information from the market). STICK BY IT. 3. Revenge Trade is your Enemy There will be days when you will face losses and want to make that money back instantly. This will cause your mindset to break and create more losses. When you are having a bad day, take a walk and get back into the trading zone. 4. Stop Losses are your Friend If you are a new trader, don’t even consider mental stop losses, you should always put a hard stop loss in place whether its a day or swing trade to reduce risk and decrease chances of bagholding. Keep "This will go back up" out of your head. 5. Risk Reward Ratio Never enter a trade that has a risk reward ratio of 1:1 or less than that. You should always have a risk reward ratio of 1:2 or higher. This way you aren't risking what you would potentially gain. This helps a small account compound easier and faster . 6. Don’t chase, buy the pullback There will be times when you will see huge 100%+ moves, do not chase these plays, you can easily burn your port. Either wait for a pullback to a previous support area or wait for the next couple of days for it to retrace on the Fibonacci levels. 7. Never Stop Learning Always make sure to invest in books and useful courses on candles/patterns. This can save you hours of research and you can use that time practicing on a paper trade account. Social media can help a lot, learn from the best and learn from their experiences 8. Candlesticks are your Dictionary Make sure you are familiar with important candlesticks, patterns, and the key reversal signals. If possible, print out candlestick cheat sheets and pin it down on your workspace. Important candles/patterns always come up during intraday trades 9. Compound Gains If you think trading is a way of becoming an overnight millionaire, believe me when I say this, you should not be here. It’s all about compounding and small wins, if you can get those trust me, you will be better than 99% of traders out there. 10.Go In With a Plan Before entering a trade you should be completely aware of where your SL should be, where to accumulate more, and where to completely get out of the trade. You should also be aware of your risk:reward ratio and what you plan on getting out of the trade.

HAWKISH vs DOVISH Explained..!!

📜 Livermore Trading Rules • Cut your losses quickly; • Be sure to confirm your judgment before you take your full position; • Let your profits ride if there is no good reason to close out the position; • The action is with the leading stocks, these can change with every new market; • Keep the number of stocks you follow limited in order to focus; • New all-time highs are possible signals of valid break-outs; • Cheap stocks often appear to be bargains after a large drop. They often continue to fall, or have little potential to rise in price. Leave them alone! • Use Pivotal Points to identify trend changes and confirmations in trends; • Don’t fight the tape!

Jesse Livermore's Speculative Chart

You have to practice in the controlled environment of a driving school or a low traffic neighborhood with a driving teacher till you learn to subconsciously control the steering, accelerator, brakes, and the clutch & gears (for stick shift) before you can go steady on the roads. Discretionary trading is like manual driving. The driver doesn’t have to consciously pay attention to their steering or pressing the accelerator or braking, it feels like they are driving discretionarily - but all the while, they have been following the rules just subconsciously. If a driver break the rules of driving, it will result in same disastrous consequences as one who doesn't know how to drive. Breaking rules in trading is as disastrous! Ad-hoc actions is not discretionary trading; it is like hitting the accelerator when one needs to brake! What’s systematic trading, then? As have guessed - it is the equivalent of self-driving cars in trading. Self-driving doesn’t mean that you give the entire control to the car; you could, but it isn’t advised. You should be prepared to take back control at any time. Self-driving cars are not for people who know nothing about driving. You need to know driving to sit behind the wheels. But self-driving cars can help minimize driving errors and prevent accidents by assisting someone who may have mental fatigue, is prone to emotional errors or has road rage. Of course, self-driving cars do make learning to drive easier, safer, and faster than the traditional ways. Hedge funds have been using systematic trading for a long time now, just like large enterprises have been using self-driven vehicles and robots in their workflow. It is essential for their performance and scalability. It is high time that all retail traders adopt systematic trading in their workflow too. That’s the only way future-proof the trading in the age of technology-driven trading and self-driving cars!

Trading is like driving. We all know what happens if you try to take the car out on the road without first learning to drive!

The main emotions are: 1. Excitement 2. Greed 3. Fear 4. Anger 5. Frustration Let’s talk about these emotions and how to deal with them. #1: Excitement When traders are going in your favor, it’s natural for you to be excited. We all love to see “green” in the account, but here’s the problem with that: when traders are going in your favor, you may be too excited and take on more risk. You get overconfident. But don’t forget, “things always turn out for the best,” but that’s when trouble starts. So please be careful when you experience excitement because it quickly leads to overconfidence, and the markets like to show overconfident traders who is the boss. #2: Fear Fear is a natural human emotion that we all have. In trading, it’s easy to let fear take over because you can see your profits diminishing in front of your eyes. The problem with fear is, your mind goes crazy because you’re already thinking about how bad your trading account will be when you realize all these losses. Here is what you should do when fear takes over: -Step away from the computer. -Shut it down! -Go outside. -Do something else. -Take some deep breaths and relax. Do not panic, this will cause you more harm than anything else! #4: Anger It’s easy to get angry at the markets because it’s so unpredictable! You may have experiences like: Huh, I sold it, see what now, market has recovered. I could have held it. If you don’t know how to control it, it will lead to revenge trading, which is far worse. Keep in mind: •Markets don’t know you exist •Markets don’t care who the f**k you are •Markets don’t know if you are in a winning or losing trade. •Markets don’t care if you get angry. So, to beat the market, think like the market. How? Be Emotion Less, Trade your plan, not your predictions. #5: Frustration “Oh, I should have closed trade the with 1k profits before, Now I’m in Red” This happens to many traders, myself included. But some people reach to these events with anger others with frustration. Frustration can lead to impulsive trading, which means you take trades that you shouldn’t, to recover your losses. The best way to deal with frustration is to take some time out from the markets until your head clears up this can be hours, even days. To Overcome Emotionally killing your accounts, Understand this. Emotion causes reactions but does it ever lead to a GOOD reaction. It is okay to have feelings and emotions, above all we all are human. But never react to those emotions. ow you can Control Emotions while Trading? Here comes the big question. I read this from “The 7 Habits of Highly Effective People” by Stephen Covey. Focus on What you can control and don’t worry about what you can’t control. This gives me a Huge lesson. Where I can apply to emotions while I am trading. What I can control: - My thoughts - My Actions What I can’t control: - What markets are doing So control your thoughts and action, have a pre-defined trading plan/strategy. Don’t do anything outside of your plan. Trade the plan, feel the excitement, feel the greed, feel the anger, fear and frustrations, but YOU NEVER ACT to those.

How to avoid emotional trading? It is not about getting rid of your emotions, but rather about understanding and controlling them. To achieve this, a trader must: 1. Have a solid trading plan You need to have a clearly defined plan - which system you will use (whether it is fundamental analysis or technical analysis or a mix of both), its advantages and disadvantages, how you will identify trades, how you will manage them. This needs to be accompanied by a trading journal, where you can write down your observations, identify your weaknesses and build on your strengths which can help you avoid common trading mistakes and become a profitable trader. Jumping from strategy to strategy will do no good and emotional trading will take over. 2. Understand their risk appetite Some traders might be comfortable taking larger risks and manage to keep a cool head even if they are facing a not-so-small drawdown. However, if you are just starting or generally have a lower risk appetite, this is unlikely to end well. You first need to identify your own risk appetite and plan accordingly. 3. Know when to take a break If you feel stressed and exhausted, you are more likely to make mistakes or engage in revenge trading. It could be a good idea to set a rule for yourself that will define after how many consecutive losing trades you will take a break and stop trading until you have reviewed what happened. After all, it is not just trading that can cause stress and lead to a losing streak. There could be external factors that are having a negative impact on your mental state, and it is perhaps better to take a break from trading should you be facing such a situation.

The Rounded Top pattern appears as an inverted 'U' shape and is often referred to as an ‘inverse saucer’ in some technical analysis books. It signals the end of an uptrend and the possible start of a downtrend. This means that the rounded top can indicate an opportunity to go short.

The Rounded Bottom is reversal pattern designed to catch the end of a trend and signal a potential reversal point on a price chart. The rounded bottom pattern appears as a clear 'U' formation on the price chart and is also referred to as a ‘saucer’. It signals the end of a downtrend and the possible start of an uptrend. This means that the rounded bottom can indicate an opportunity to go long.

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