The world of technical analysis has witnessed the emergence of numerous techniques over the years aiming to enhance the precision of market predictions. One such innovator is Thomas DeMark. Through his books, DeMark introduced several revolutionary technical indicators that have since found applications in various financial markets, including the burgeoning
Hello, esteemed traders of the TMM community! August is traditionally known as a vacation month. Many are soaking up the sun and enjoying some well-deserved downtime. Given the season, our updates for this month might seem a tad lighter than usual, but rest assured we're still dedicated to pushing forward
In the realm of cryptocurrencies, where volatility is an inherent facet of the landscape, the dread of profit loss looms as an unseen adversary faced by traders daily. Recall the May 2021 cryptocurrency crash, during which Bitcoin plummeted by nearly 50% in a single week, or the swift ascent of
Day trading, a high-octane trading strategy wherein trades are initiated and closed within a single trading day, demands efficient money management skills to preserve capital and maximize profits. Among the many experts who have delved into the intricacies of financial markets, Dr. Alexander Elder stands out for his pragmatic and
Hello traders! Welcome back to our monthly update, where we discuss the latest changes, improvements, and updates in the TMM platform during July 2023. We had some thrilling developments this month and are excited to share them. 🔥 Bitget Exchange AddedWe've added Bitget! While we have yet to have definitive knowledge
As part of the vibrant and insightful discussions, we explore the fascinating world of quantitative trading within cryptocurrency. You know the volatility of the crypto market all too well. Making accurate predictions and effective trades in this environment can be challenging. However, leveraging quantitative trading methods and machine learning techniques
As the cryptocurrency trading landscape evolves, adopting automated trading systems — popularly called 'bots' — is becoming an increasingly prevalent component of the trading process. These intricate, AI-based systems can execute trades based on pre-established criteria without constant human intervention. This blog post aims to illuminate the fascinating world of crypto bots
Hello there, traders and crypto enthusiasts! We've been hard at work this past June to keep the TMM trading journal updated and continually improving to meet your needs. Today, we are excited to share with you some of the key enhancements we've made over the past month. 1. New Chart
A lot of rookie crypto traders think there's some magic "hack" or "cheat code" to turn consistent profits. But the truth is, there's no secret sauce in this game. Success in crypto trading isn't a guaranteed science. Sure, there are tried-and-true strategies that have worked for many, but there's no
🗣 Experienced a Trading Loss? Here are 5 Steps to Transform Your Loss into the Best Trading Lesson! Trading, whether it's scalping or day trading, unavoidably entails setbacks and losses. However, our perception and response to these losses significantly influence our progression and proficiency as traders. 🏆 Roadmap to Convert Losses into
In all its volatility and unpredictability, the cryptocurrency market can be overwhelming. Understanding the fundamentals of blockchain technology and the specifics of individual coins is a starting point, but traders often have to grapple with the less predictable elements of human behavior. At this juncture, the discipline of behavioral economics
Navigating the intricacies of cryptocurrency trading can yield rewarding outcomes, but it can equally expose one to potential risks and considerable losses. This is particularly common among novice traders, who often encounter pitfalls that deplete their deposits. In this discussion, we will shed light on some frequent blunders committed by
Crypto traders navigating the financial market can be akin to traversing a minefield, with several pitfalls that could lead to less-than-ideal financial decisions. In a previous piece, we delved into the cognitive biases that can skew traders' judgment. This piece will unpack these common traps and provide tips on dodging
Hello, traders! We couldn’t wait until the end of the month to release a series of exciting updates to our journal. The updates are numerous, and we are confident that they will significantly improve your trading experience. Let's dive right in: 1. Extended Filters on 'My Trades' SectionWe've introduced
In the wild world of cryptocurrency trading, the jargon can be as unpredictable as the market itself. From FUD to zk-SNARKs, the crypto community has its own language. Whether you're a newcomer looking to dip your toes into the crypto sea or a seasoned trader needing a refresher, this guide
In the vast and thrilling realm of cryptocurrency trading, where fortunes are forged, and possibilities abound, two stalwart companions emerge to aid traders in their quest for organized success: the trusty crypto trade tracking spreadsheet and the automated trading journal. Crypto trade tracking spreadsheets and automated trading journals are two
Managing your trading mindset is essential for success in the markets. It is not only about understanding the technical analysis and fundamental factors of the assets you are trading. But it also requires mental discipline, emotional intelligence, and the ability to manage your thoughts and emotions. Here are five ways
We are delighted to share the latest updates for April that will enhance your trading analysis experience and make it more efficient. Our team constantly works towards improving our tools and functionality to help you make informed decisions, develop trading strategies, and analyze trades effortlessly. This month, our focus was
Engaging in cryptocurrency trading can be a potentially profitable yet complex undertaking, and traders frequently confront multiple biases that may obscure their judgment and result in suboptimal choices. In this article, we will explore crypto traders' most common biases and discuss how to recognize and overcome them. Overconfidence BiasOne of
With the emergence of cryptocurrencies, traders are looking for ways to profit from the volatility of digital assets. Technical and fundamental analysis are two standard methods of analyzing the market and making investment decisions. We will observe the differences between technical and fundamental analyses in crypto trading and learn how
What does pattern day trading mean?Cryptocurrency traders use technical analysis to identify profitable trades, which usually involve day trading patterns, or the trends and price movements in a market chart. Such chart formations help traders generate strategies they can rely on. So, if you want to become a pro,
In the world of trading, it's natural for beginners to feel a strong attachment to their trades and an urge to monitor the charts constantly. However, this approach can lead to some significant mistakes and negatively impact their overall trading performance. This guide will discuss the reasons behind the detrimental
An automated trading journal is essential to an effective trading strategy. It allows trader to analyze their results and make informed decisions. For a more effective analysis, start using widgets! They will help you quickly and easily evaluate the effectiveness of your strategy. Widget "Distribution of profits/losses by coins"
TMM (Trader Make Money) is a trading journal that offers traders a range of tools and resources to help them make informed trading decisions. In March, TMM released several updates to the platform, including new widgets, improvements to the trade list, and more. I. New Widgets AddedFour new widgets were
The human brain evolved in entirely different conditions compared to which traders must conduct their activities. As a result, the human brain's decision-making patterns could be more efficient in the market. It doesn't mean that they sway trader toward a "bear" perspective, but rather that they place the yield curve