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[Why you lose money with trading indicators]
Here’s the thing:
There are profitable traders out there who use indicators in their trading.
And you’re probably thinking:
“Since they are making money with these indicators, why don’t I just copy them?”
So, that’s what you do.
You follow the same indicators, settings, instructions, etc.
But, you still lose money with trading indicators.
Why?
Because what you see is only the surface, not the complete picture.
Here’s an example:
Let’s say Michael is a profitable trader who relies on trading indicators to time his entries and exits.
Now, the reason why Michael finds success with indicators is not that he found the “perfect” settings or whatsoever.
Rather, it’s because he knows how to switch gears and use different indicators for different market conditions.
So if you were to blindly follow what he does, then when the market changes, your trading indicators will stop working and that’s when the bleeding starts.
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GOLD BUY NOW
@ 2668 - 2671
TP1 : 2673
TP2 : 2675
SL : 2666
You shouldn't think about how much money you're going to make this week.
Instead, you should ask yourself:
Do I have a plan that keeps me in this business for the next 20 years?
If you do, the money will take care of itself.
💎 #BTC/USDT ANALYSIS
Bitcoin has broken out of the descending triangle pattern with significant volume, signaling strong bullish momentum.
The Ichimoku Cloud further supports this outlook, indicating potential for continued upward movement.
A successful retest above the breakout level or sustained upward momentum could confirm the further bullish trend.
[Why you lose money with trading indicators]
Many traders don’t know how this game is supposed to be played.
They believe the answer lies in the “right” combination of indicators that will make them rich.
So they buy the latest trading indicators to help them crack the code.
And after many failed attempts, they wonder why they lose money with trading indicators.
Do you want to know why?
Here’s the truth…
Indicators are a derivative of price. They simply indicate to you what has happened, not what will happen.
So, no matter how many different combinations you try, you’ll never be a profitable trader if you solely rely on trading indicators to make your decisions.
Trading indicators are meant to aid your decision-making process, not be the decision-maker.
Coin: #WOO/USDT - Long 20x
Entry Targets: 0.2949
Take-Profit Targets:
1) 0.3009
2) 0.304
3) 0.3072
4) 0.3104
Good trading isn't about how much you make.
You can make money on poor decisions and lose money on good decisions.
Instead, focus on the process.
Trade with an edge. Execute your trades consistently. And have proper risk management.
📩Pair: TNSR/USDT
📈Direction: Long
💯Leverage: Cross 20x
📊Entry: 0.6253
❗Enter as soonest possible❗
✅Target 1 : 0.6382
✅Target 2 : 0.6538
✅Target 3 : 0.666
✅Target 4 : 0.6756
✅Target 5 : 0.6827
✅Target 6 : 0.73732
✅Target7: 🚀🚀🚀
⛔Stop Loss: Defined Later
↔️Use opposite signal as stop loss(Recommended)
Buy Gold @2665-2661
Sl :2659
Tp1 :2666.5
Tp2 :2669
Enter Slowly-Layer with proper money management
Do not rush your entries
[How to trade like a casino]
Here’s the thing:
Every casino in the world has an edge over the players.
But, why are some casinos more profitable than others? And why do some casinos even go bankrupt?
On the surface, it seems like all you need is a statistical advantage over the players for you to mint money.
But, that’s only one small part of the equation.
You must also figure out how to…
- Attract new customers from competitors
- Retain existing customers
- Incentivize customers to spend more
- Keep your customers happy
- Etc.
Clearly, there are a lot of moving parts and one person can’t manage everything.
So, how does a casino do it?
The secret is this…
A casino has systems for everything they do.
For example:
#1: A casino has a system in place to incentivize their best customers to come back often by offering perks like free accommodations, transport, etc.
#2: All dealers follow a systematic way of playing Blackjack so the casino can consistently increase their revenue (and not leave it to the discretion of a dealer).
Now you might not be running a casino but, you’re managing your own trading business.
So, how do you manage it like a casino?
Well, you must have systems in place.
For example…
Risk management to ensure you don’t lose everything on a single trade.
Source of funds so you can pump in more money to your account and scale up your trading business.
Trading strategy so you have a fixed approach to enter & exit your trades — which improves your consistency.
Research & development so you can build new trading strategies and profit in different market conditions.
In other words, if you want a sustainable trading business that generates consistent profits, then you must have systems in place so your actions are consistent.
📉 Short Signal
#SYSUSDT 30m | Mid-Term
Entry price : 0.1682584 - 0.1697204
- ⏳ - Signal details :
Target: 0.1670557
Target: 0.1635085
Target: 0.1599613
Target: 0.1564141
❌Stop-Loss : 0.1786265
🧲Leverage : 10x [Isolated]
___
💡After reaching the first target you can put the rest of the position to breakeven.
WLD/USDT
Leverage (3-5x)
LONG
Entry: $3.333 – 3.149✅
Target Profit 1: $3.518
Target Profit 2: $3.668
Target Profit 3: $3.868
Target Profit 4: $4.189
Target Profit 5: $4.600
Stop loss: $2.9669
📉 Short Signal
#THETAUSDT 30m | Mid-Term
Entry price : 2.8180 - 2.8425
- ⏳ - Signal details :
Target: 2.7979
Target: 2.7385
Target: 2.6790
Target: 2.6196
❌Stop-Loss : 2.9917
🧲Leverage : 10x [Isolated]
___
💡After reaching the first target you can put the rest of the position to breakeven.
