In search of the Golden Middle turning loss into the profit!

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In search of the “Golden Middle”: Turning loss into the profit!

Sometimes using one of your favorite and proven strategies at one time everything starts to go wrong. Everything unfolds 180 degrees. Many traders lose on it not small money. So what to do, how not to give yourself offense to such unpredictable behavior of the market. In this article, we will tell you about a strategy that will make losing trades profitable.

How does this technique work?

The principle of this strategy is to block loss-making transactions by adding to them profitable trades. As a result, we cover all of our losing trades with new profitable ones and go into a plus.

The mathematical expression:

(Lossy Transaction + (Profitable Transaction + Profitable Transaction) = Profit as a result of all trading manipulations

How does it look in practice?

Using the signal from the strategy on the “moving averages” you decided to trade on the raise and made the appropriate forecast. But the quotes began to fall and you are already in an unpleasant situation, which will bring you losses.

This is exactly the case in which you need to apply this strategy. Now you should acquire patience when the deal falls even lower. Then from the lowest point, start making deals to raise. The chart of quotations grows further? This is what we need, we make one or more bets.

All quotes have properties to move in waves. This makes it possible to cover one unprofitable transaction with several profitable ones. Practice and you will be able to combine your profitable strategies with this method of searching for the “golden mean” in your binary options trading system.

Cash Management

This strategy will allow you to trade more often. It will allow you to not limit yourself to one transaction until expiration. But remember that with this approach it is very important to keep calm.

If to understand, then to call this tactic of trade strategy is quite a loud statement. Since it is unlikely that you can use it yourself. In order to get a good result, you should learn how to combine it with your top binary option trading strategy.

Do not forget about the basic rules of trading, risk management and money management. Remember that the value of the transaction when using this tactic should not exceed 5% of the amount of your deposit. Otherwise, you risk losing money. To avoid losses, do not forget to use common sense in all its manifestations.

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New strategies in conjunction with this are recommended first of all to test on a demo account. After that, you can start trading on a real account. Do not be disappointed if this tactic does not work for you from the first few times. In order for everything to work out, each trader will need a different amount of time.

Why We Need to Be Patient in Trading

Traders always want their positions to go straight towards their expected direction. However, the price always moves in waves up and down even in a certain trend, and that’s why patience in waiting for the right entry is necessary. Most traders have basic skills but not all of them can make a good decision at the right time and right place. The ride can be too short or worse, the market wave can knock the traders out.

The trading opportunities can appear in the continuation of the present trend or in the reversal of price. Normally, the trader has to carefully observe the price movements then marks the noticeable patterns, remarkable levels, and use technical indicators to analyze before placing the orders.

Analysis process takes time surely but its reward is considerable. A careful and meticulous analysis always results in a more precise decision.

Patient to not Rush and be Panic in Trading

A piece of bad news for all new traders, you cannot win all your orders even when you are an expert. No matter how good your strategy is and how correct your trading decision is, the market can still turn against you sometimes.

In the small scale, it can be a small oscillation before prices get back towards your expected direction. In the bigger scale, it can go against your prediction.

Don’t be afraid. If the situation goes dark, your stop loss level will do its duty. Your tactic has been through many tests, your risk management still gets your back. You just can’t lose all of your money within one or two positions so there is nothing to worry about.

If the market totally goes against you, the only thing you can do is to cut your losses and reassess the market. A spontaneous revenge order just simply makes everything worse. Luck is something you should have but the precision is the key you must have and it can only be gained by patience and calm.

When having a series of losing trades, you should take a break and go outside for a while to reduce stress.

If you keep losing, maybe your system is not proper; it’s time to stop trading to reconstruct your system. Don’t worry, a proved system just needs a few adjustments. But once again, your patience is challenged and you must pass this psychological test.

How to be Patient?

The first lesson to be patient lies in the first section. Yes, it starts since you decide to learn to trade in the right way. The learning process includes many readings, watching, testing with no money earned. Its boredom absolutely tires you but it is exactly when your patience is built.

Have you ever wondered why we learn everything so quickly when we are small? That’s because we don’t have many things to concern so we can focus on our works. Similarly, if you want to learn to trade in a shorter time, you must remove everything that may distract you, of course except healthy habits like exercises, sports, and others.

When trading, you should also record all your activities:

● Why did you enter the market?

If you notice, all of them slow down your whole process but it is the point: you have to do everything step by step to achieve many small goals. Besides, it calms your haste and buys you some time to make sure you do everything precisely. Gaining patience is hard and takes time but giving it up is too fast and easy.

The Bottom Line

Trading is a long run, and trading winners are not the fastest but the most durable one. And so, patience plays the indispensable role; it is earned since you begin to learn and fostered through your trading time. It would be tough but the prize for it is giant.

If you find it hard to be patient, you can always seek help from experienced advisors at Finmax. They can give you valuable advice on being patient when trading.

On a small scale, this may be a slight fluctuation before prices return to the expected direction. On a wider scale, this can go against your forecast.

Do not be afraid. If the situation goes out, your stop loss level will do your duty. Your tactics went through a lot of tests, your risk management still gets your support. You just can’t lose all your money in one or two positions, so you have nothing to worry about.

If the market goes completely against you, the only thing you can do is reduce your losses and reexamine the market. The spontaneous order of revenge just makes things worse. Luck is what you should have, but accuracy is the key you should have and can only be obtained through patience and calmness.

Having a series of losing trades, you must take a break and go outside for a while to reduce stress.

If you keep losing, your system may be out of order; it’s time to stop trading to restore your system. Do not worry, the proven system just needs a few adjustments. But once again, your patience is being tested, and you must pass this psychological test.

“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”

Eco Wave Power Moves Wave Energy Toward the Golden Middle

The Israeli company aims to harvest wave power without getting destroyed by it.

Eco Wave Power Moves Wave Energy Toward the Golden Middle

In the race to grab a piece of the huge untapped wave energy market, Eco Wave Power founder David Leb believes he has a technology that can beat his more than 100 competitors by making the ideal compromise.

In the harsh ocean environment, Leb said, the best waves impose the most on a wave energy system’s cost and reliability. “The challenge,” he explained, “is to find the Golden Middle between producing the maximum amount of kilowatts, while still ensuring the reliability and the long life span of the system.” The unforgiving ocean environment has set back some of Leb’s more advanced competitors like Wavebob, Pelamis and Ocean Power Technologies.

Israel-based Eco Wave Power’s technology has just passed an initial phase of prototype testing at the Hydro Mechanic Institute of Kiev. It will take on the major real-world challenge of the Black Sea within the next few weeks.

The device consists of a floater affixed by an armature containing a hydraulic cylinder and a generator at the other end of the armature that is affixed to a structure at or near the shore.

The floater absorbs the waves’ energy and moves the armature. The movement of the armature drives the pressurized fluid in the hydraulic cylinder. That movement of the fluid drives the generator, which generates electricity.

The device is engineered to hit Leb’s Golden Middle in four ways.

Two models, the Wave Clapper and the Power Wing, are to be tested in the Black Sea. Neither is a conventional cylinder, square or sphere, and both are uniquely shaped to capture as much of a wave’s force as possible and “generate power both at change of water level and from an incident flow.”

Both models have the same volume, Leb said, but are not the same size. The choice of models will be made according to the nature of the waves in the region.

Each of the prototypes ready for testing has a five-kilowatt power generation capability, Leb said. He plans to scale the device up to a 100-kilowatt size for the commercial market and expects to be able to deploy up to ten, in arrays of up to one megawatt.

The device is adjustable to local wave and weather conditions in a variety of other ways. It has different “storm protection mechanisms,” and the floaters can be lifted out of the water or submerged. A “float orientation” turns the device’s front edge to the most productive angle with the wave front. Its surface is protected against corrosion and mechanisms are designed to protect it from wave forces and regulate the movement of the arm that contains the hydraulic cylinder.

One of the key features of the Eco Wave Power device, Leb said, is a control system that can manage the device remotely. It will analyze data about the generator’s consumption of electricity in real time from a “frequency converter” and manage “hydraulic accumulators” capable of increasing or decreasing “the intake of energy.” Its sensors will also, Leb said, allow remote monitoring and response to extreme weather or sea conditions.

Leb said his device will come in at a cost per kilowatt-hour that is below solar, wind or coal, but he has only built prototypes at this juncture, so he cannot have anything but theoretical projections and he chose not to provide any specific numbers. He made a credible case for certain cost advantages his device would have if and when it goes commercial.

Much of the cost of installation and maintenance associated with most wave energy devices, Leb said, would be eliminated because the bulk of the Eco Wave Power device, almost 90 percent, would be installed onto onshore and near-shore existing structures. Only 10 percent to 12 percent of the device, the float and the armature, would be in the ocean.

This also potentially eliminates the high costs of materials that other devices need to protect them from the deep ocean environment, Leb added, as well as the high costs of transmission infrastructure built far out into the ocean.

Although he provided no figures on costs of the prototype’s production and had none, of course, on real-world output, “the return on investment,” Leb insisted, “will be within three to five years.”

Leb said Eco Wave Power is privately funded, partially with his own money, and has no need of further funding. He plans to have a full-scale prototype in the next nine to twelve months and to take the final product to the marketplace shortly thereafter.

Perhaps his optimism is based on a market that he described as “huge, huge, huge” in nations like “the UK, Spain, Portugal and Thailand.” He also said he has already had interest from major hydropower and oil companies. Whatever it is based on, Leb’s optimism is undisguised. “We’re in this to make green energy,” he said very seriously, “but we’re also in it to make green money.”

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