Success is when preparation meets opportunity

June 24, 2020

Why screen exposure and overall experience is so needed in the field of trading is related to the fact that the market has a high degree of variability. It takes years to have seen at least a good part of the various things the market can do. If you do not have this lengthy exposure then you will be surprised or in doubt or otherwise emotionally stimulated each time the market throws something new at you. You will automatically be triggered to an intuitive response to cope with that sort of stress. Unfortunately, since the market is counter intuitive by nature you will make literally each time the precisely wrong decision. Success is when preparation meets opportunity.

 

Another factor that skews the outcome of a novice trader from a random one to a consistently losing one is, that most market players start out being underfunded. This makes accounts quickly blow up for two reasons:

  1. Position size being too big violates principles of harmonious equity curve development. To clarify, too large losses are impossible to recover from. (If you lose 50% from your account, it requires 100% profits to just be at breakeven again)

  2. The psychological factor of trading too big. In other words, if you do not care about the outcome of your trade (that would be the appropriate size of money exposure) you make rational clear decisions within a trade and follow your rules. On the other hand, if you trade too large, you get emotional when you are in a trade. You make multiple mistakes (like getting out too early, running stops, trailing stops too tight and so forth)

BTC-USDT, Monthly Chart, Channel Breakout – When?
 

 

BTC-USDT, monthly chart as of June 23rd, 2020

 

Looking at the monthly chart above we see prices above US$10-11k strongly rejected for more than the second half of last year. Long wicks on the monthly candles illustrate that clearly. This year, approaching these numbers has met with a lot less resistance. Once the channel lines break, we could see price movements quickly get in motion as we have seen many times prior in Bitcoin trading with vehemence.

 

The most important part is not observing these movements but being prepared in detail on how to participate in such bullish scenarios. A detailed plan is much more essential than asking the question of “when”. Looking for confirmation in most cases means being late to the party.

 

BTC-USDT, Weekly Chart, Don’t Miss Out:

 

BTC-USDT, weekly chart as of June 23rd, 2020

 

“V” shaped recoveries are the strongest ones. Many ways lead to Rome. It matters much less on how you will participate on the upcoming Bitcoin rally than to not miss the boat. Now that does not mean to just go out there and buy a few Bitcoin. Far from it. It means that preparation time is now. Should you not be positioned already we advise strongly to make a plan on how to participate in one of the possibly most extended price moves Bitcoin has seen up to date over the upcoming years. Low risk positioning with utmost care in one’s preparation early on, is considered at Midas Touch as one of the most important ingredients for a successful investment strategy.

 

ETH-USD, Monthly Chart, Success is when preparation meets opportunity :

 

ETH-USD, monthly chart as of June 23rd, 2020

 

The crypto space has started to partially split of from its main ‘Bitcoin-Index’. In other words, in the future there will be various sectors, just like we have in main markets as well. Therefore it is wise to make position size allocations to other trading instruments within this investment field too. This is especially essential for long term investing. Fundamental data driven instruments like Ethereum for example, will outperform weaker peers. Looking at the monthly chart of ETH above it becomes evident that there is no time to waste to take advantage of favorable risk reward ratios for desired main holdings a portfolio should be comprised of.

 

Success is when preparation meets opportunity
 

It matters what the market’s gonna throw at you. It matters even more how you’re going to adapt with it. Your truly only chance is to be prepared. As an inexperienced market player it is extremely frustrating to listen to traders who are exposed to the markets for a long time who ramble on that it is all about screen time and experience. You can’t bridge that because you can’t bend time. But you are ready NOW. You want to make money NOW. You want to trade NOW. The cruel truth though is that rushing this equals losses.

 

The disciplined trader who accepts and realizes that this is a profession and a dangerous one if attempted fool-heartedly, is the one who will come out ahead. The impatient ones will end either emotionally or monetarily broke and most likely both. Accepting the fact that this can’t be attempted as a hobby and that there is no shortcut to success, is most likely the most crucial part to the success puzzle of them all.

 

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All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.

 

 

 

Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.

 

 

Important Trading Risks and Earnings Disclaimers - Terms of Use

 

RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.

 

 

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.

 

NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.

 

EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED. EXAMPLES PRESENTED ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.

 

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 

 

All information presented or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This presentation is neither a solicitation nor an offer to Buy/Sell options, futures stocks or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.

 

Terms of Use: Your use of this educational website indicates your acceptance of these disclaimers. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.

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