Topic: The Path to Profit: A Trader's Emotion & Terminologies Everyone should Know - page 2. (Read 287 times)
September 10, 2023, 02:24:41 AM
That's the problem with TA, the more you know, the less better it is. The less you know, the more successful you'll become. Tbh I am not a fan of TA at all but there are certain people I respect use TA and they all have one thing in common. They only use 2 or 3 indicators and I am pretty sure they don't know 90% of what you said in your post. In my experience, knowledge works against you when you make your trades based on TA. The best traders use TA less. If there was a perfect trader out there, which there isn't, he would be the one that never uses TA.
September 10, 2023, 02:18:23 AM
Terminologies that I haven't encountered before in what you posted. This is alien to me lol.
Like what the hell are these? Can you elaborate on this OP? I want to increase my knowledge in these different types of terminologies that you posted lol.
Quote
GTT
AMO
Indtradatory
BTST
STBT
Option Greeks
ATM
OTM
ITM
THETA
Beta
OI
OI Changes
AMO
Indtradatory
BTST
STBT
Option Greeks
ATM
OTM
ITM
THETA
Beta
OI
OI Changes
Like what the hell are these? Can you elaborate on this OP? I want to increase my knowledge in these different types of terminologies that you posted lol.
September 10, 2023, 01:08:09 AM
Appreciate the effort you have poured into compiling these terms but not to sound discouraging , what I have noticed is that we pick up these terms on the go and not all at once before trading. It during the process of trading and researching that we pick them up.
Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.
We learn from what we experience and it is from this that our knowledge and awareness of the trade grows. I think it would be very difficult if not impossible for anyone to truly have all the mastery that the OP mentioned. And I also appreciate that, but in practice sometimes we find new things that we then apply in the trading that we do.Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.
If we learn it all before we trade, then it will take a very long time for us to apply it in trading, and maybe we will give up because there are too many theories that we learn. Theory is important, but practicing it directly will be easier to understand.
September 09, 2023, 07:15:29 PM
Appreciate the effort you have poured into compiling these terms but not to sound discouraging , what I have noticed is that we pick up these terms on the go and not all at once before trading. It during the process of trading and researching that we pick them up.
Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.
Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.
Hmm, well that's a fact we don't go all in once while doing the analysis sometimes according to the market sentiments we trade on the sentimental analysis and development & news. More or less I have a suggestion if you are coming up with the idea to trade or are already in as a beginner prefer the Fundamental and technical analysis for the Holding trades and for Quick positions going with the news and Sentiments is not a bad approach.
Still, as buddy said knowledge of the trading platform is also a factor to be considered while trading, i.e A few days back there was a post asking a question about the funding rate on the position The answer was to read the fee structure of the platform and their term & condition because they vary platform to platform.
September 09, 2023, 06:49:46 PM
Appreciate the effort you have poured into compiling these terms but not to sound discouraging , what I have noticed is that we pick up these terms on the go and not all at once before trading. It during the process of trading and researching that we pick them up.
Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.
Despite this, knowing what a trading strategy is and having one is best for every trader. In addition, knowing what fundamental or technical analysis is and how to apply them to make a trading decision is encouraged. Knowledge of the what trading platform to use is is also key to the path to profit for everyone trading.
September 09, 2023, 05:50:56 PM
If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
As traders, what we all need are just basics in trading and as experience goes on, we come to increase our learnings as well through concrete examples. Even professional traders may have not known all of these and yet, they still end up with decent profits every time they trade. But if you can study all the relevant terms needed in trading, then much better. Trading is a battle of human mind and emotions, so if you have an edge on it, you will have bigger chances to succeed in trading. Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
September 09, 2023, 05:42:49 PM
I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.
Exactly mate. Getting all these terms memorized or even familiarize will definitely stress a beginner trader. So I cannot agree that these are all relevant to the success of one’s trading. Experience is the most important in trading. If you are knowledgeable but never got years of experience in trading, I’d say your trading may only be susceptible to more losses. However, it’s always a good decision if you are highly knowledgeable and at the same time highly experienced as well as that will attract maximum profits every time you decide to trade. 
September 09, 2023, 05:00:40 PM
I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.
No individual need to know all these words before they can start trading, new words are getting introduced so do they have to wait for those new words to get popular so they can learn what they mean before they can start trading. If you know how to trade then you'll be used to the important words and you mightn't necessary call them what everyone is calling them but provided you understand what they're, you can make use of them in your own understanding.
Trading is all about buying and selling of cryptocurency so if you understand that then you can start trading. Learning the terminology can be done later and as you advance more you can learn the different words used in the different types of trading like spot and future trading.
September 09, 2023, 04:18:55 PM
If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
Well, Sir a few moments ago I was posting on how technological developments are really reducing human efforts, except for our Branins. With proper preparation and time decisions, a person can really enjoy the effortlessness of today's world where all he needs to be make himself aware of what is happening and educate himself with a particular skill, and there you go He can easily surpass a person who is making hours of physical effort to earn living is kinda sad but the reality of this fast-moving age.
To trade, rather than much research practice works more efficiently as experience proves its efficiency in every critical situation where a trader finds it priceless. Emotional control and Risk management cant be developed by learning a few terms they can be mastered with the practice.
September 09, 2023, 04:15:54 PM
Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.
Marked by excitement and anxiety as used here dragged my attention.Are you saying it’s overly exciting when one takes a trade and that be the marking of the activity and the anxiety be in the proceedings to the trade…?
Well, for the anxiety I might agree but, when it comes to excitement;
I think the only time one can be excited about a trade is when it starts reading profits for you and most of all, you happen to have the pips play into your trading plan just right. Other than these, there is just nothing exciting about trading as even in the event that, you still get to maintain your trading balance, you would have lost a great deal of time and data.
Trading isn’t such an easy thing to do with the level of sophistication and how traders have advanced in skills over the years. You really get to master a lot about it that goes beyond terminologies to be a good trader.
September 09, 2023, 03:25:39 PM
I think a good book to read, is called "Trading in the Zone". It doesn't deal with technical analysis but it basically deals with emotions when it comes to trading. You will learn how to deal with greed and fear.
Read the first chapter and I guarantee you will read the entire book because its amazing. Its an old book and I read it maybe 15 years ago but its prinicples still apply to traders today. You can get it from your library or buy the ebook for cheap on amazon or ebay.
You will read it and you will get the "A ha" moment and realise why you can't be profitable as a trader.
Read the first chapter and I guarantee you will read the entire book because its amazing. Its an old book and I read it maybe 15 years ago but its prinicples still apply to traders today. You can get it from your library or buy the ebook for cheap on amazon or ebay.
You will read it and you will get the "A ha" moment and realise why you can't be profitable as a trader.
September 09, 2023, 01:15:01 PM
I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.
You are right; even though I am not new to trading, I did not really realise half of the words the OP mentioned here. At first, I thought it was some new post about new terminologies used in trading, but when I read some terminologies, I found no details along with them. Then I thought to read the whole post again. And it was totally not what I was thinking, but still, the terminologies are doing the same task.Bushdark really has a good point here. Because I, as a learner, or you can say pro-learner trader, have to not know about all of these terms because only technical and fundamental analysis is enough for one to start their journey as a trader. And if they are newbies, then they should trade using paper, backtesting, or demo trading.
I will try to learn more about the terms you used here.
September 09, 2023, 01:09:34 PM
Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.
What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.
The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah
You should mention them here too, for better reach. But it's totally up to you, which means it's optional to mention. And to be honest, I also tried trading once, and believe me, it is not only the buy, sell, and book profit. Because it seems easy, but it is not. Many people used to say other people's work is so easy to do and mine is very hard, while at the same time, others were saying my work was too hard but your work was too easy.What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.
The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah
The same thing is happening here. To make things more clear for them, you can ask them, Why are you not doing it? But then they will say we don't want to waste our money on gambling, etc. Their own words will not match each other's. At the start, they will say it's just buy, sell, and book profit, but at the end, they will try to change or end the topic by saying it's gambling.
The best thing is to leave them on their own and not waste your energy on negative vibes. But be sure when you make profits. Just make sure to share them with those friends. heheh. Just to make them feel jealous.
Just kidding; by doing it, there will be no difference between you and those tiktokers who just show their profits and hide their losses to gain more VIP members who can pay more money to them.
September 09, 2023, 12:59:33 PM
Most times what a start needs to stay in the market and get interested in it are his indicators, being able to know candlesticks, money management, risk and stop loss. He now needs to know how to locate means to open an order , close the order and gradually he is use to the trading platform. The terminology doesn't matter as such for the new trader who of course would be finding it difficult to navigate the trading platform. The terms will be more attractive if the trader is making profit because he would be more willing to learn more useful techniques and techniques comes with terminology.
September 09, 2023, 12:57:34 PM
Learning how to trade does not depend on this terms of you as what matter is when a trader has learnt the fundamental analysis and technical analysis before he can go into practice. Practice is the best way for you to have experience in trading. Because it is through your experience that you can know the strategy that you will use to trade so that you don't always run at loss and knowing how to manage risks in trading is also through experience. You tried OP for this list but trading is not all about theory but practical. Following the latest news on bitcoin is also needful.
September 09, 2023, 12:31:36 PM
I don't think all these are necessary because it does not really defined what trading truly is. Trading is more than all these you have listed and a trader especially the newbies do not need to know all these before they start trading. This alone can make a newbie to give up on trading looking at the list and the challenge of going through them one by one. Knowing these terminologies do not determine or make someone a better trader. The more you trade and read books, the more you get familiar with all those terms.
September 09, 2023, 11:41:36 AM
If someone wanted to know all these terms before trading, he would not start his trading journey. Sometimes it requires some bold decisions and preliminary knowledge about trading because in the end, one hour of actual trading may be worth several hours of books and theoretical reading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
Also, the cryptocurrency market is very volatile and difficult to predict, so knowing the basics of technical analysis, tracking news, support levels, resistance, Fibonacci, averages and learning how to manage risks is essential before starting trading.
September 09, 2023, 09:34:36 AM
Trading, in essence, is akin to navigating the financial waters, where emotions often run high. It's a pursuit of profits through buying and selling assets, marked by excitement and anxiety.
What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.
The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah
What do you think about trading say it recklessly. Not limiting the way of answer answer in the terminology of emotion, in your experience in whatever way you can.
The only reason for creating this topic is I was having a random debate on trading with some fellows and they taunted me by saying What is trading? Just Buy, Sell, and book profit that it. Actually, I just wanted to let them know about the depth of trading because they were just familiar with the few terms in trading. How far my newbie fellows know I'm not sure but here is a list, so if you encounter such debates I want my fellows to defend it by letting them know about its depth. Some people just comments its gambling and blah blah
- Funds Management
- Risk Managment
- Price Action
- Position Sizing
- Candlesticks pattern
- Chart Pattern
- Support
- Resistance
- Emotions
- Trap
- Indicator
- Tools
- Stop Loss
- Traling Stop Loss
- GTT
- AMO
- Candles
- Heikin-Ashi
- Bars
- Volume
- Pre market Analysis
- Post Market Analysis
- Win Rate
- Strategy
- Journal
- Scalping
- Indtradatory
- BTST
- STBT
- Swing
- Positional
- Liquidity
- Volatility
- Option Greeks
- Risk Reward
- Option Buying
- Option Selling
- Bull Market
- Bear Market
- Sideways Market
- Market Sentiment
- ATM
- OTM
- ITM
- THETA
- Beta
- OI
- OI Changes
- Back Testing
- Forward Testing
- Fundamentals
- Time Frame
- Stress
- Criticism
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