Market insights
Mastering the Mental Game of Trading-THIS ONE FOR THE BOYZTrading is 99.98% mental and 1% physical. Stay focused, disciplined, and immune to the influence of FUD and FOMO to maximize your trading success.
Trading is not for the faint of heart! It requires a strong mindset, unwavering discipline, and the ability to navigate the treacherous waters of FUD (fear, uncertainty, doubt) and FOMO (fear of missing out). Here are some key insights to help you master the mental game of trading and stay on top of your game! 💪
1️⃣ Stick to Your Plan: A well-defined trading plan is your guiding light in the chaos of the market. It helps you make rational decisions and avoid impulsive moves driven by emotions. Trust your plan and resist the temptation to deviate from it.
2️⃣ Manage Your Emotions: Emotions can cloud judgment and lead to irrational decisions. Stay calm, composed, and unswayed by the market noise. Don't let FUD and FOMO derail your trading strategy. Embrace a disciplined approach and separate emotions from your trading decisions.
3️⃣ Timing is Key: Recognize that there are different trading opportunities in different market conditions. Some days are meant for day trading, while others are for accumulating positions. Be mindful of key levels and choose your entry and exit points wisely. Patience and timing are crucial.
4️⃣ Mind Over Bag: Trading is a marathon, not a sprint. Focus on long-term gains and building a strong position rather than chasing quick profits. Avoid being swayed by influencers or external factors that can disrupt your game plan. Keep your eye on the bigger picture.
5️⃣ Stop Loss Strategy: While stop losses are essential risk management tools, they need to be used judiciously. Tight stop losses at critical levels may lead to premature liquidation. Assess the market conditions and adjust your stop losses accordingly. Let your trades breathe within reasonable risk parameters.
Remember, success in trading stems from a disciplined mindset, adherence to your plan, and the ability to overcome emotional impulses. Build your skills, stay focused, and enjoy the journey of becoming a master trader! 🚀💰
where to next?Being looking at CTSI for a while and this looks like a symmetrical triangle, which means it could go either way
However looks like RSI supports the move upwards
so I am gonna wait for a break out then place the trade
of course keep in mind after a break out there might be bull traps.
if we going long then 0.25 is the first place
if it doesn't break upwards and we go back down and it breaks downward then we are looking at 0.11
I will update with what my trade will look like soon
CTSI Buy/Long Setup on 1H TF (Swing)Elliott Wave 1-5 has been plotted and we are waiting for an ABC correction pattern. However, a BoS and CHoCH have been plotted as well. We can take a risky LONG here with the retracements for our planned take profits as follows:
🚪Entry: Current price
💰Trade: Cross 10-15x (2% of capital)
⛔SL: 0.2255
🎯1: 0.2592
🎯2: 0.2660
🎯3: 0.2757
🎯4: 0.2881
CTSI New UpdateHi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the CTSI symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You






















