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ChelseaR
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Posts by
ChelseaR
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About Bitcoin Trend
in
Crypto
Dec 06 at 10:57
Well, Bitcoin had crossed the $100,000 mark and the largest surge noticed was up to $103,801 after Trump nominated crypto proponent Paul Atkins for SEC chairman.
Leverage: The Double-Edged Sword Every Trader Needs to Master
in
New Traders
Dec 05 at 11:33
I totally agree with this. Leverage can either be a trader’s best friend or worst enemy, depending on how you use it. Yes, starting at a small leverage is good advice and once traders get to understand how leverage works, the risks, and positions, they can increase the leverage later.
How accurate is the sentiment indicator?
in
General
Dec 05 at 11:32
You’re right. Sentiment tools are great for analyzing the general mood of the market but here, timing is everything. Waiting for confirmation using stop-entry orders is a good tactic.
About XAUUSD. Gold
in
New Traders
Dec 04 at 12:22
Gold prices have gone up slightly but still remain under the same range. Imo, I am predicting that the price will go down due to Fed’s remark on the interest rates. Let’s wait and watch what happens!
Psychology
in
New Traders
Dec 04 at 10:32
Basically this. Without the right mindset, even the best of strategies don’t work out. A trader should stay disciplined, stick to the plan, and contain emotions (during losses). Apart from technicality, trading is also about the mental game.
Stress, anxiety and motivation.
in
General
Dec 03 at 11:44
That is such a good perspective. Sometimes it gets difficult to handle the emotional side of trading and you are very right to suggest that this stress can be turned into something constructive. I will stick to my plan and focus on risk management. Thanks for the motivation.
The Truth about Backtesting
in
New Traders
Dec 03 at 10:36
I have not yet come across a strategy that fails during backtesting because usually it is adjusted to fit the historical data. But I have realized that if a strategy worked during backtesting, that does not guarantee that it would work on live trading. In real-time markets, anything can happen that may lead to price fluctuations like unexpected news, change in market conditions, or even slippage. This can mess up any backtested strategy.
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