Harmonic Capital

Leading the next generation of profitable traders.

[Harmonic Capital @HarmonicFxPro]

What is Overtrading?
Overtrading occurs when traders execute too many trades in a short period, often driven by emotions, greed, or impatience rather than a solid trading strategy. It can quickly lead to financial losses, increased transaction costs, and burnout.

[Fx Owl Harmonics @FXOwlHarmonic]

Everyone did apparently...

[Fx Owl Harmonics @FXOwlHarmonic]

The "10,000 Hours Rule" is a concept popularized by Malcolm Gladwell in his book Outliers: The Story of Success.

Here's a breakdown of the rule and its implications:

Concept:
10,000 Hours rule: Gladwell suggests that it takes approximately 10,000 hours of deliberate practice in the correct way to achieve mastery in any field.

Origins:
This idea is based on research by psychologist K. Anders Ericsson, who studied expert performance in various domains like music, sports, and chess. Ericsson's work highlighted the role of deliberate practice, not just any practice.

Key Points:
Deliberate Practice: Not just repetitive practice, but focused, structured practice with specific goals, feedback, and corrections.
Context: Gladwell acknowledges that while practice is crucial, other factors like opportunity, resources, and innate talent also play roles.

Practical Implications:
Motivation: The rule can motivate individuals to commit to long-term practice in their field of interest.

Education and Training: It influences how training programs are designed, emphasising quality and focus in practice sessions.

I say:
"Without proper professional guidance or training prepare for 4 to 7 times longer.
Psychological scars (caused by multiple failures or big losses) can stay with you sometimes forever.
Some people will never achieve true expertise because they believe they will find a way to outsmart the market" (The Forex Owl)

[Fx Owl Harmonics @FXOwlHarmonic]

How long should it take you to pass a 10% profit challenge?
We have tested it and retested it...3 weeks to a month trading Gold, never exceeding 1% risk.

If you are doing it in less time, you either got a really good run (lucky streak) or most likely, you are not sticking to the rules.

This obviously is not how we trade cash accounts!

[Harmonic Capital @HarmonicFxPro]

our traders are doing great
are you ready for an amazing year?

[Harmonic Capital @HarmonicFxPro]

🚫 Overtrading killing your profits? Don’t let emotions and impulsive decisions drain your account! 💡 Follow me & @elvis_manu10289 for proven strategies, disciplined trading tips, and the mindset hacks you need to succeed.

[Harmonic Capital @HarmonicFxPro]

What is Overtrading?
Overtrading occurs when traders execute too many trades in a short period, often driven by emotions, greed, or impatience rather than a solid trading strategy. It can quickly lead to financial losses, increased transaction costs, and burnout.

[Harmonic Capital @HarmonicFxPro]

Overtrading often stems from emotions and a lack of discipline. Focus on quality, not quantity, and always stick to your trading plan. Remember, less is often more in trading. Patience and discipline are your best allies for long-term success.

[Harmonic Capital @HarmonicFxPro]

GOLD

[Harmonic Capital @HarmonicFxPro]

BTC

Next available support: 92.5K and 89.5K. Bounce at least and chance to move stops.

[Harmonic Capital @HarmonicFxPro]

Gold This guy, traded short from 2722 and bought it back at 2590

[Harmonic Capital @HarmonicFxPro]

Market is getting quite slow... This is a good time to start preparing your next year trading plan. What are you going to study? What resources you will be using? Broker, funded account etc etc... If you are going to consistently trade this market, then you need a solid strategy. Are you going to learn it with us? By now we have seen that trading these markets does not work using shortcuts. Short term fixes don't work either. Even if you had a streak of wins...most likely you will lose it without a good trading plan. You need 10.000 hours...on the right path!! If you have been following me for a while, surely you can see the light at the end of the tunnel!! Cease this idle time

[Harmonic Capital @HarmonicFxPro]

U.S 10 year Looks like continuation up which also supports Dxy. Weekly chart

[Harmonic Capital @HarmonicFxPro]

"Any big announcements should give gold a boost since China is the largest consumer nation, and especially ahead of the Lunar New Year celebrations when jewellery demand for gift-giving rises," Razaqzada added.

[Harmonic Capital @HarmonicFxPro]

"The most important factor is news that People's Bank of China reported that it again resumed its gold purchases ... the market is getting hopeful that we could see other central banks follow suit and we could see a resumption of record territory buying," said Bart Melek, head of commodity strategies at TD Securities.