Trading psychology- ...from ronwilliam

08 Jul 2020, 18:09 · Views 1,941

Trading psychology- establishing a trading mindset in volatile times。 With the recent uptick in market volatility, how is it best to prepare your mindset to avoid the usual pitfalls? i talk about the trading mindset in the times of volatility in this video. #Market&Mind# #FX# #trading#

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ronwilliam

48 Posted · 411 Followers

I am a market strategist & trading psychologist/mentor, with +20-years of experience, working for leading investment and trading firms.

US Presidential Election Risk +++++++++++++++++++++ 1.) There is a historical similarity of the latest US presidential contested election (Trump-Biden) and previous one in the year of 2000 (Bush-Gore). 2.) The previous event risk led to a -8.5% price drop, from a similar late-cycle top pattern, that led to the Y2K crash. 3.) This would potentially be triggered under the pandemic gap of 3280-3340, if and once, S&P500 reverses under risk level at 3600. #USElection2020#

ronwilliam

Another 5km ice run... Key insights: 1.) Thin ice - More challenging and dangerous. Had several hit-miss moments. Don't be too quick to judge the melting away of snow, as a sign that all is over. Stay vigilant until then end. 2.) Optimise strategy - A slow and steady rhythm is critical. Stay low to the ground with flat foot work. Ensure you run on grass which offers better multi-level traction. 3.) Resilience is key - You remember that life is a game of inches. Either challenge, running (on ice) or life, the margin for error is too small. Akin to the famous Al Pachino quote from "Any Given Sunday - "one half second too slow, too fast and you don't quite [make ] it". The inches we need are everywhere around us. They're in every break of the game, every minute, every second. [In this life] we fight for that inch! ...because we know when we add up all those inches, that's gonna make the @@@@@@ difference between winning and losing! Being willing to fight for that inch is a very important lesson in resilience and life. How have you experienced resilience in your life? #Market&Mind#

ronwilliam

Out of the Covid crisis will come opportunity, but where will it surface? With little or nothing to show from the Covid crisis where should traders be looking for the next big opportunity? IGTV’s Jeremy Naylor speaks with Ron William from RW Advisory who puts the case for Japan, India and China. Asia's Rising Sun ++++++++++++ Asia's rising sun has officially begun. Out of the COVID crisis will come opportunity, but where will it surface? Japan's rising sun, 30-32k next! India 20yr record high, but o/bought China line in the sand @3500

ronwilliam

Interview with world champion trader Larry Williams & keynote speaker at 2020 IFTA online conference (24/25 Oct). "Stop Trade!" "It's a dangerous game" 🙂 Key influencers on his journey - 3:18 Welles Wilder, "I knew him before he was famous" - 5:05 What makes a champion trader? - 7:59 Nature or Nurture? - 8:57 Key insights on the Turtle Trading Experiment - 10:45 The game changed, faster mkt, Algos & Robinhood - 12:02 Classic TA traders vs. Hi-tech (Algos, AI) - 13:05 Trading should be a lifestyle - 15:12 Analysis vs. Trading, the crossover - 15:44 The RISK factor in trading - 17:12 If your overemotional, then your bet size is too big - 18:50 Loss aversion, FEAR & the Pandemic - 19:30 Bear cycle learning curve in 1962 - 22:58 Deep learning, mastery & repetition - 25:15 Anecdotes for "holy-grail" strategies - 26:55 Get rich quick? Sprinting vs. Marathon - 29:30 Quit trying to be a champion trader - 32:24 Know your true skill & Paul Tudor Jones - 33:54 Larry's key reason to be a trader - 35:20

ronwilliam

How to be a better trader in 2021? · The power of now, pain patterns & future performance targets · Growth vs. fixed mindset, where each path leads · Grief cycles, drawdowns & the pandemic-related shock · Goal-mapping, blending right-left brain thinking · 3 Steps to Peak performance #Market&Mind#

ronwilliam