Welcome to another issue of Traderwave Weekly, a trading newsletter where I curate the most useful trading articles on the internet to share with you.
Hope you will enjoy all these fabulous reads and apply those knowledge along your journey to become a proficient and profitable trader!
WORDS OF WISDOM
This is the latest interview on Jack Schwager, the author of the hugely famous and popular Market Wizard series of trading book.
20 years after first writing the famous trading book, In this interview which Jack gave during his recent visit to India, he told the story of why he converted into a technical trader despite being a fundamental guy at the start.
He also shared some of the key lessons he learned from the legendary traders whom he interviewed in his books that is still very much applicable in the trading environment today.
If you are serious about becoming a better trader, this article will be a fabulous read!
If you have been following the price movements of Bitcoin in recent months, you will find it an absolute roller coaster ride.
For some, they find the price movements very volatile and very unpredictable, but for those who knows technical analysis, Bitcoin price movements do have pretty clear trend, support and resistance levels.
In this article, the author shared how he was able to sense something wrong with the price movements before the inevitable crash happens.
Have a read and you might be able to find some useful knowledge to prepare yourself in the next up and down run of Bitcoin prices.
TRADING BEST PRACTICES
New traders have a tendency to doubt their trading strategy or ability after a string of losses.
Those lucky ones will feel like they are a genius trader when they have a series of winning trades.
However in reality, both are wrong to feel that way about themselves.
Based on the law of large numbers, both winning streaks and losing streaks are very possible regardless whether you have a trading strategy with an edge or not.
In this article, the author will explain why you should not simply overhaul your strategy just because you have 5 consecutive losing trades.
Read on to find out how you can cope with such situations.
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