The Shooting Star Candlestick Pattern

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 ### The Shooting Star Candlestick Pattern #### Description The Shooting Star is a bearish reversal candlestick pattern that typically appears at the top of an uptrend. It is characterized by a small real body near the lower end of the trading range, a long upper wick (shadow), and little or no lower wick. The long upper wick indicates that the market opened, rallied significantly, but then gave up most of the gains to close near the opening price. #### Characteristics - **Small Real Body**: Indicates minimal difference between the opening and closing prices. - **Long Upper Wick**: Reflects strong upward movement that was not sustained. - **Short or Absent Lower Wick**: Suggests limited lower price movement during the period. #### Significance The Shooting Star pattern signals that buyers initially drove prices higher, but sellers regained control, pushing prices back down. This shift in momentum from bullish to bearish suggests a potential reversal from an uptrend to a downtrend. ...
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How to money management - 50% of your success!

 Money management - 50% of your success!

Trader level (Beginner)

Type of strategy (Universal)

Timeframe (1-300 m)

Assets to trade (Any)


Money Management is a set of rules and techniques designed to minimize risks and maximize profits. A proper business strategy is only 50% of success, the other half depends on the money management the trader uses. Utilize the following guidelines in your trading, and you'll achieve the best possible results in trading.

Risk not exceeding 3%

Maintaining clear control of the level of risk in each transaction is the first and most fundamental rule of money management. Regardless of how proven or profitable the trading system is, if there are changes in the nature of price movement, oversized transactions can lead to large losses. And if the cost of a transaction doesn't exceed 3% of the size of the trading account, you can easily overcome a losing period and quickly make up for your losses in the future.

Limiting potential losses for the day

The second rule will help you reduce losses. Simply limit their size for one day. The fact is that trading strategies used by traders cannot operate equally profitably at all times of the day and on all days of the week. If the dynamics of price movement have changed, and you have begun to receive losses, it makes sense to stop trading until the next day. Losses over one day should not exceed 15% of the trading account.

Don't let your emotions rule

Never give in to emotions — that's a sure way to lose money. Beginners are the ones who most often fall into the emotional trap. Follow your trading strategy with calm and confidence, even if not all your predictions come true.

Increase the volume of transactions in proportion to the growth of your account

If you are using an effective trading strategy and properly managing your capital, the size of your trading account will be actively growing. You can increase the size of your trading operations in proportion to the growth of your account. This will help your capital grow even faster. Do this slowly and don't forget about the rules mentioned above.

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