This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COK.I.S.S. - KEEP IT SIMPLE, STUPID!One of my steadfast trading and investing rules. As a beginning trader, I used to check multiple indicators, news sources, and patterns to try to find confluence for my trades. This usually resulted in paralysis by over-analysis or led to me searching for confirmation bias - throwing away indicators and information that did not agree with my bullishness in favor of signals that did.When I was trading more heavily and would see something on a chart that fit my system, I would generally take the trade, understanding that my stop loss and position size were far more important than my entries and exits.Trading does not have to be complicated and charts are simply a risk management tool that give us justification to place orders and invalidate ideas. When you view trading through this lens, it forces you to slow down and keep everything as simple as possible.Look at the naked chart. Identify your key areas of interest. Determine your ideal entry and stop loss. Size your position according to your desired loss, not gain. Set take profit orders. Enter the trade if it triggers. Back off and wait.K.I.S.S.Livestream today at 2:30 PM EST - https://www.youtube.com/watch?v=FmiYSUEhFc0In This Issue:K.I.S.S. - Keep It Simple, Stupid!Bitcoin Thoughts And AnalysisLegacy MarketsTrading With MACD 101IMF Raises Concerns Over Bitcoin As Legal TenderTexas Supports CryptocurrenciesEnvironmental Concerns Are Holding Back TrillionsMy Recommended Platforms And Tools
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The Wolf Den #262 - Keep It Simple, Stupid!
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This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COK.I.S.S. - KEEP IT SIMPLE, STUPID!One of my steadfast trading and investing rules. As a beginning trader, I used to check multiple indicators, news sources, and patterns to try to find confluence for my trades. This usually resulted in paralysis by over-analysis or led to me searching for confirmation bias - throwing away indicators and information that did not agree with my bullishness in favor of signals that did.When I was trading more heavily and would see something on a chart that fit my system, I would generally take the trade, understanding that my stop loss and position size were far more important than my entries and exits.Trading does not have to be complicated and charts are simply a risk management tool that give us justification to place orders and invalidate ideas. When you view trading through this lens, it forces you to slow down and keep everything as simple as possible.Look at the naked chart. Identify your key areas of interest. Determine your ideal entry and stop loss. Size your position according to your desired loss, not gain. Set take profit orders. Enter the trade if it triggers. Back off and wait.K.I.S.S.Livestream today at 2:30 PM EST - https://www.youtube.com/watch?v=FmiYSUEhFc0In This Issue:K.I.S.S. - Keep It Simple, Stupid!Bitcoin Thoughts And AnalysisLegacy MarketsTrading With MACD 101IMF Raises Concerns Over Bitcoin As Legal TenderTexas Supports CryptocurrenciesEnvironmental Concerns Are Holding Back TrillionsMy Recommended Platforms And Tools