When it comes to achieving mastery in anything, be it trading, sports, or even baking the perfect loaf of sourdough, there's one thing that separates the masters from the amateurs: a willingness to revisit the basics over and over again. I know, it’s not glamorous....
Explanation of Bearish Engulfing Candlestick PatternThe Bearish Engulfing candlestick pattern is a two-candle reversal pattern that typically signals a bearish trend following an upward movement. It forms when a smaller bullish (upward) candle is immediately followed...
Explanation of the Bullish Engulfing Candlestick PatternA Bullish Engulfing pattern is a two-candlestick formation that signals a potential reversal from a downtrend to an uptrend. It occurs when a small bearish candle is followed by a larger bullish candle, which...
Explanation of Inverted Hammer Candlestick PatternThe Inverted Hammer candlestick pattern is a bullish reversal signal that typically forms at the bottom of a downtrend. It features a small real body at the bottom, with a long upper shadow that is at least twice the...
Explanation of Hammer Candlestick PatternThe Hammer candlestick pattern is a bullish reversal pattern that typically appears at the end of a downtrend. It signals that a stock may be nearing its bottom, suggesting that the sellers have exhausted their strength and...
Explanation of Doji Candlestick PatternThe Doji candlestick pattern is a signal in technical analysis that reflects market indecision. This pattern forms when the opening and closing prices are nearly identical, resulting in a small or non-existent body. The Doji is...
In trading, we often get attached to certain ideas and beliefs... then we inevitably find evidence to support those beliefs - this is called confirmation bias. Whether it's a strategy we've relied on for years, an indicator that's "never failed," or a pattern we think...
"It's easy to stay motivated when you have momentum."This quote is so true, isn't it? When trades are going well, profits are rolling in, and your equity curve is shooting upwards, it's almost effortless to stay committed and focused. It's easy to push forward, to...
The Scarcity of the Long-Term - It's something we don't often think about in our everyday lives. It's like driving a car while only staring at the hood. You'll eventually crash, right? The same applies to our financial lives. We often focus on the short-term, chasing...
TLDR - Trading Courses Summary Not all trading courses are equal: Many cheap courses rely on high pressure upsells and hidden fees such as expensive commissions from the recommended broker, leaving you exposed to high ongoing costs without delivering real value. Avoid...