Discipline
Daily Wisdom 49 - Are you the master or the slave?The market is pure chaos. Tie your emotions with it and you'll be chaotic. Sever the bond, see the up and down ticks for what it is, information.
💡 Discipline vs Motivation 💡Welcome friends!💋 What's more important to you: Discipline or Motivation?
Today we'll talk about it.😊
There are two main ways to force yourself to do something:
⚡ the first, most popular, is try to motivate yourself;
⚡ the second, less popular, is to develop self - discipline.
What's the difference?🧐
Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task.
Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering.
Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!!
Why discipline is more important than motivation ? IMHO🧐
Chasing motivation means, that we need to do only what we're in the mood for.
The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards.
To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly.
Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed.
Motivatio n has a tiny shelf life and needs to be constantly updated.
Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results.
Discipline is a motor, that once started and constantly supplies energy to You.
For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition.
Discipline is more or less permanent, and motivation is fleeting.
How to develop discipline? 🧐
You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life.
THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
My first two chapters of free manual . Links below👇🏻 ENGOY YOUR LEARNING 🚀💣
AUDJPY AnalysisHello traders!
As the new trading week approaches soon, I wish you all a very pipful, and successful trading week ahead. Please follow trading plans, rules, manage risks and remain consistent.
Outlook on AUDJPY for this week: the structural integrity of the asset's price action shows a failure to commit on the buyers. thus, I am expecting a sell-side imbalance seeking to absorb internal range liquidity.
should this assumption be validated, i am expecting a manipulation to the upside before selling. If this is given, then I will be looking to short this asset from a lower time frame, with a manageable risk and a decent reward.
I invite all to like, comment share concerns and opinions and follow
Remember, trade safe, and trade based on rules not feelings. Regards.
Anatomy of a good trader mindsetHere is an essence of good trade management and mindset that I accumulated over several years.
I hope it will be useful for the 'less experienced'.
Please always use sound money and risk management in all your trades.
Good luck!!
AUDNZD confused with AUDCAD (overtrade warning)I totally picked the wrong pair to trade accidentally. There's an unmistakable feeling when you take a discretionary entry, I should have dropped everything I was doing and FOCUSED ON THE ONE TRADE, instead I built a watchlist that caused confusion as I sifted through about 8 trades.
USDJPY - ContinuationPotential continuation. Await PA (confirmation) on the 1 (H) hour interval.
RR: 1 to 1.5 (Conservative)
-LionGate
EURUSD - Potential FormationA quick technical speculation of EURUSD in-relation to the daily (D) time interval.
RR: 1 to 2
-LionGate
Why 30% Win Rate is ALL YOU NEEDWe all know discipline is important for trading, but how important? So far, I’ve not yet met one profitable trader who lacks discipline. In fact, with proper discipline, a 30% win rate is enough to be successful in any market!
Weekend Wisdom 03 - When in doubt, get outWinning and losing are two sides of the same coin. They must both be embraced.
Correction Imminent - 1 Hour Interval - EURUSDHello Successful Traders,
The currency paid (EURUSD) has been over-extended for approximately ( 2- 3 hours), considering this ideology... an imminent correction may take place within the next few hours to then potentially trend upward yet again. (Await Confirmation Prior to Market Entry).
Be Diligent and Stick To Your Trading Plan***
Not Investment Advice. For Educational and Analytical Purposes Only.
-LionGate
Potential Correction - Daily Interval - EURJPYHello Successful Traders,
The prevalent push towards the upside (bullish) has begun to manifest intriguing (potential trend transfer) analytics for the days (and weeks) to come.
Be Conscientious and Stick To Your Trading Plan***
Not Investment Advice. For Analytical and Educational Purposes Only.
- LionGate
Potential Trend Continuation - Daily Interval - USDJPYHello Success Traders,
The currency pair (USDJPY) is manifesting the formation of a "cup and handle" formation. Considering the prevalent uproar (bullish) in PA (Price Action), a probable correction with the next few days, to then a significant spurge into bullish territory to re-contest previous relative highs. (Long Term Bullish, Relative Short).
Be Diligent and Stick To Your Trading Plan***
Not Investment Advice. For Educational and Analytical Purposes Only.
-LionGate
Downward Momentum - 1 Hr Interval - EURUSDAppearing to be a significant and subtle sell off here. Be diligent and stick to your trading plan.
-LionGate
Potential Upside Momentum - 1 Hour Interval - EURUSDHello Successful Traders,
The currency pair EURUSD has begun to manifest a leveling out within the indicators provided on the graph. Be diligent and await confirmation prior to entering the market
-LionGate
Potential Bullish Break Out - Daily Interval - AMRHHello Successful Traders,
As the time is approaching, for some of us we have been anticipating the announcement of the Earnings Report. Tomorrow at 8:00 A.M. EST, the company will release it's report. Await confirmation prior to entering the market.
Resistance Level 2 - (0.40 - 0.50) 10 cent interval
Resistance Level 1 - (0.33 - 0.40) 7 cent interval
Key Price Zone (KPZ) - (0.25 - 32) 7 cent interval
Support Level 1 - (0.20 - 0.25) 5 cent interval
Support Level 2 - (0.10 - 0.20) 10 cent interval
Furthermore, the company has released a number of promising PRs that can truly assist its revenue stream within the upcoming quarters.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
- LionGate
Further Bearish Momentum? - Daily Interval - XBIOHello Successful Investors,
The stock (XBIO) has endured quite a concerning amount of negative (bearish) PA within the last few weeks... what is even more worrisome is there might even be greater south-side movement.. be diligent and plan accordingly prior to entering this volatile stock.
Resistance Level 3 - (13.00 - 14.15) 1.15 cent interval
Resistance Level 2 - (10.30 - 11.45) 1.15 cent interval
Resistance Level 1 - (8.75 - 9.90) 1.15 cent interval
Key Price Zone (KPZ) - (7.00 - 8.30) 1.30 cent interval
Support Level 1 - (2.90 - 4.05) 1.15 cent interval
Furthermore, the current catalyst that derived such behavior is the "$15 million of under-written stock"
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
Consolidation - 1 hr Interval - CODX Hello Successful Traders,
The stock (CODX) has manifested an immediate reversal in direction within the early bell. Even though the PR had presented valuable insight on "High-Performance Detection of Cancer Mutation in Liquid Biopsy Samples" (TD Ameritrade). Be diligent as there could be a very quick and sporadic movement to the upside (bounce - bullish). Await confirmation prior to entering the market.
Resistance Level 2 - (1.50 - 1.85) 35 cent interval
Resistance Level 1 - (1.45 - 1.65) 25 cent interval
Key Price Zone (KPZ) - (1.30 - 1.55) 25 cent interval
Support Level 1 - (1.10 - 1.40) 30 cent interval
Furthermore, fundamentally (CODX) has been enduring quite significant volume. Perform diligence and analytics properly
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Diligent and Stick To Your Trading Plan)***
-LionGate
GBP/AUD - Fibonacci Retracement - 1HRGBP/AUD on the 1 hour time frame. Lot of buys happened recently on this pair and the Fibonacci Retracement tool is a go to right now. If you don't know how to use it I would time some time to practice. Currently this pair would be a good pair to practice on. Sentiment is overall a strong bullish. Fibonacci buy order at the 38.20% level. If price doesn't hit it than it doesn't. If price does I will be in the trade. I am expecting price to consolidate at this level and then make a move to the upside. The probability of price moving past 50.00% is slim but still possible. Stop loss is set past it and my risk is on the safe side. The decision to set a stop loss is determined by ones risk/reward profile. There are multiple confluences currently present in the market and it seems as if it is an opportunistic trade.
Profit: 51.1 Pips
Stop: 17.0 Pips
Risk/Reward Ratio: 3.01
Formation Imminent - Daily Interval - XRFHello Successful Traders,
The stock (XRF) is manifesting strong implications of an trend reversal, considering the Relative Strength Index (RSI) was hovering below the oversold value (20), as well as numerous trend lines pinpointing a bounce towards the upside. Await confirmation prior to entering the market (validation and verification is salient).
Resistance Level 1 - (1.45 - 2.15) 70 cent interval
Key Price Zone (KPZ) - (0.50 - 1.15) 60 cent interval
Support Level 1 - (0.00 - 0.35) 35 cent interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Conscientious and Stick To Your Trading Plan)***
-LionGate
