Top TradingView Indicators for Effective Trading


Intro
TradingView has emerged as a beacon for traders and investors alike, offering a suite of indicators that can help make sense of the complex world of financial markets. Whether one is just dipping their toes into trading or has years of experience under their belt, the right set of indicators can make a significant difference in decision-making. With numerous technical indicators available on TradingView, understanding their construction and applied use becomes essential to enhancing trading outcomes.
This guide aims to dissect some of the top TradingView indicators, categorizing them based on functionality, trading style, and market conditions. By examining their components and common practices, traders will gain insights that enable effective strategy formulation and execution. Here's a preview of what we'll be exploring:
- The role of technical indicators in the trading landscape
- Categorization of top indicators on TradingView
- Detailed analysis including interpretation and best practices for each indicator
Letâs navigate through this information and enhance your trading acumen!
Understanding Cryptocurrency
What is Cryptocurrency?
Cryptocurrency is a form of digital currency that employs cryptography for security, making it difficult to counterfeit or double-spend. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are typically decentralized and based on blockchain technology, a distributed ledger enforced by a network of computers, known as nodes. Examples of popular cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
Cryptocurrency operates on a peer-to-peer model, allowing transactions to take place directly between users without the need for intermediaries, such as banks. This decentralization not only enhances privacy but often empowers users with greater control over their finances.
Key Features and Benefits
- Decentralization: With no central authority, cryptocurrencies promote independence and reduce the risks tied to centralized systems.
- Security: Cryptography ensures secure transactions and personal data protection, significantly minimizing fraud risks.
- Anonymity and Privacy: Although transactions are recorded on a public ledger, the identities of the users can remain anonymous, offering layers of privacy.
- Accessibility: Cryptocurrencies enable access to financial systems for individuals who might be excluded from traditional banking.
- Investment Opportunities: Many see cryptocurrencies as a store of value, similar to precious metals, offering significant investment potential, though with notable volatility.
As we delve into specific indicators, understanding the underlying asset environment, including cryptocurrencies, can assist traders in making well-informed decisions.
"Understanding the market environment is as crucial as grasping the tools you will employ."
Navigating through the world of trading indicators can sometimes feel like navigating a labyrinth. Hence, grasping the foundational knowledge of assets such as cryptocurrency becomes necessary for effective analysis.
Understanding Technical Indicators
When embarking on the journey of trading, understanding technical indicators is like having a compass in uncharted waters. These tools help traders make sense of the market's ebb and flow, translating complex price action into clearer signals. The importance of grasping technical indicators cannot be overstated, especially in a world where informed decisions can make or break an investment strategy.
Defining Technical Indicators
Technical indicators are mathematical calculations based on price, volume, or open interest of a security. They provide visual representations of market action on charts, offering traders insights that might not be immediately visible through raw price data alone.
At their core, indicators serve to clarify trends, identify momentum, highlight potential reversals, and gauge market sentiment. Common examples include Moving Averages, Bollinger Bands, and the Relative Strength Index. Each of these tools builds a narrative around the numbers â everything from smoothing out erratic price movements to illustrating overbought and oversold conditions.
It's essential to appreciate that not all indicators paint the same picture; they come with different strengths and weaknesses. As such, understanding these nuances allows traders to decide which indicators to deploy based on their trading style and market conditions.
Importance in Trading
The role of technical indicators in trading transcends mere analysis; they are integral for developing strategies that can lead to successful trades. Hereâs why they matter:
- Enhancing Decision-Making: By utilizing indicators, traders can make decisions based on data rather than emotions. When the market gets bumpy, clear signals can guide actions.
- Identifying Opportunities: Indicators can reveal prospective entry and exit points. If a particular indicator signals a bullish trend, a trader might decide to enter, whereas bearish signs could prompt a sale or hold.
- Risk Management: Knowing how to use indicators effectively can help manage risk. By setting stops based on certain thresholds indicated, itâs possible to shrink potential losses.
- Cohesion in Strategies: Combining various indicators can create a more robust strategy. Different indicators can corroborate each otherâs signals, increasing confidence in market movements.
"In trading, clarity and precision pave the way to success, and technical indicators are vital tools for achieving that."
Overall, understanding technical indicators is not just beneficial; it's foundational for any trader looking to navigate the intricacies of the market successfully. With the right indicators, one can interpret the ongoing financial story unfolding each day, helping to keep ahead of the curve.
Overview of TradingView
TradingView has established itself as a powerful platform for traders and investors alike, emerging as a go-to resource for charting and analysis in financial markets. Its user-friendly design combined with advanced capabilities makes it a valuable tool, not just for seasoned traders but also for those new to the field. In this section, we will examine the key features and user experience associated with TradingView, showcasing the aspects that contribute to its popularity among various trading communities.
Platform Features
When exploring TradingView, one canât help but notice the wide array of features offered. Hereâs a breakdown of what makes the platform noteworthy:
- Interactive Charts: Users can customize charts extensively, adjusting time frames and styles to fit their personal preferences. This level of customization helps traders view data that is most relevant to their strategy, whether itâs day trading or long-term investing.
- Extensive Indicator Library: TradingView supports a rich library of technical indicators, from the common ones like Moving Averages to lesser-known ones that can provide unique insights. Traders can overlay multiple indicators simultaneously, allowing for nuanced analysis that can enhance decision-making.
- Social Networking Features: The platform offers a community aspect where traders can share ideas, insights, and analyses. This feature not only fosters engagement but also serves as a learning tool, letting users observe strategies and methods that they might not have considered on their own.
- Real-Time Data: Access to real-time market data across various assets is another crucial feature. This immediacy aids traders in making informed decisions based on current market conditions.
- Integration Options: For those who want to connect TradingView to their brokerage accounts, the platform provides options for seamless integration. This feature allows for easy execution of trades directly from the charting interface, streamlining the trading process significantly.
TradingView is not merely a charting tool; it is a comprehensive platform designed to meet the diverse needs of traders and investors.


User Experience
The user experience on TradingView is often cited as one of the platform's strongest features. Here are some reasons why many users appreciate the interface and overall functionality:
- Intuitive Interface: The layout is clean and intuitive. New users can navigate through features without feeling overwhelmed, making it easier to start using the platform right away.
- Customization Options: Not only can users customize their charts, but they can also set alerts for price changes, indicator signals, and other critical events. This feature allows traders to remain focused and proactive rather than reactive to market changes.
- Accessibility: Available on multiple devices, TradingView ensures that users can analyze the markets whether they are at home on a desktop or on-the-go with a mobile device. This accessibility means that traders can keep up with their strategies and market conditions anytime, anywhere.
- Educational Resources: For those new to trading or technical analysis, TradingView provides a wealth of educational content. Users can access tutorials, webinars, and community forums to enhance their understanding of the platform and trading concepts.
"TradingView makes the complex simple. Itâs less about the indicators and more about the insights you can derive from them."
Overall, the platformâs blend of robust features with an emphasis on user-centric design has attracted a large base of traders. This mix makes TradingView not just a tool for analysis, but a thriving community that fosters growth and development in trading expertise.
Categories of Indicators
Understanding the types of indicators categorized under TradingView is essential for traders looking to refine their strategies. Each category serves a unique purpose and helps assess different market conditions. The distinctions among categories â trend, momentum, volume, and volatility indicators â play a vital role in equipping traders with the analytical tools needed for success.
When traders grasp the significance of these categories, they can better tailor their approaches. For instance, relying solely on trend indicators might yield benefits when identifying the general direction of the market, while ignoring volume indicators could lead to missed opportunities regarding market strength or conviction behind price movements. In short, integrating insights from various categories enhances a trader's overall decision-making, allowing for a more rounded strategy development.
Trend Indicators
Moving Averages
Moving averages stand out for their simplicity and effectiveness in smoothing out price data to highlight trends over a defined period. They come in various forms â such as simple moving averages (SMA) and exponential moving averages (EMA) â each providing unique insights. A key characteristic of moving averages is their ability to indicate trend direction alongside possible support and resistance levels. This makes them a popular tool among traders seeking to ride the waves of longer-term market momentum while avoiding noise created by short-term price fluctuations.
A unique feature of moving averages is their lagging nature; they follow price movements rather than predict them. While this characteristic may frustrate some traders looking to enter at the peak or trough, it removes many misleading signals that can occur in volatile markets. A significant disadvantage, however, is that traders might miss out on early entry signals during rapidly changing market conditions.
Average Directional Index
The Average Directional Index (ADX) is a powerful tool in the trader's arsenal when assessing the strength of a trend. Unlike other indicators that focus on price direction, ADX measures trend strength, regardless of whether it's upward or downward. This makes it a beneficial choice for traders who want to identify when to enter or exit positions based on the strength of the prevailing trend.
A key characteristic of ADX is its value range of 0 to 100, where lower values indicate weak trends and higher values signify strong trends. While this indicator can provide valuable insights, it's important to consider that it does not indicate trend direction. Thus, some traders may find it necessary to combine ADX with other indicators to refine their strategy further. The unique nature of ADX allows traders to clearly identify whether conditions favor trend-following or counter-trend strategies, making it a versatile tool for varying trading styles.
Momentum Indicators
Relative Strength Index
The Relative Strength Index (RSI) is perhaps one of the most popular momentum indicators. Its primary function is to gauge overbought or oversold conditions within a specific price range of 0 to 100. Traders use the RSI to identify potential reversal points, which can be incredibly beneficial in moments of price extremes. A widely accepted practice is to regard an RSI reading above 70 as overbought and below 30 as oversold.
A key strength of the RSI lies in its accessibility; it is easy for traders to understand and apply to various market conditions. Despite its benefits, it has limitations as well, particularly in trending markets where the RSI could provide misleading signals by remaining overbought or oversold for prolonged periods. Thus, reliance solely on RSI without confirming with other indicators might lead to misinterpretation of market dynamics.
Stochastic Oscillator
The Stochastic Oscillator is another prevalent momentum indicator, designed to indicate whether an asset is overbought or oversold. It compares a specific closing price to a series of prices over a certain time frame, presenting a value between 0 and 100. When the oscillator climbs above 80, it signals that the asset may be overbought, while a reading below 20 could suggest it is oversold.
What makes the Stochastic Oscillator attractive is its ability to offer early signals compared to other indicators like the RSI. Traders often favor it for its sensitivity in identifying potential reversal points. However, the downside is that during strong trends, it can lead to false signals, urging traders to stay alert and consider additional analysis for accuracy.
Volume Indicators
On-Balance Volume
On-Balance Volume (OBV) utilizes volume flow to predict changes in stock price. By adding volume on up days and subtracting on down days, OBV aims to reveal whether a security is being accumulated or distributed. Itâs considered a beneficial tool underlining the significance of volume as a confirming factor of price trends, drawing attention to the strength behind price movements.
One of its key characteristics is how it simplifies complex volume data into a single line, enabling easier analysis. However, its simplicity can also be a disadvantage; relying entirely on OBV might prevent traders from obtaining more nuanced insights offered by additional indicators. Trading decisions based solely on OBV without incorporating other variables could lead to oversight regarding potential reversals or weakening trends.
Accumulation/Distribution Line
The Accumulation/Distribution Line (A/D line) calculates the cumulative flow of money into and out of a security, making it crucial for understanding market sentiment. When prices rise but A/D does not reflect corresponding strength, it could signal possible weakness in the prevailing trend, alerting traders to take caution.
The distinctive feature of the A/D line lies in its ability to act as a leading indicator, sometimes foreseeing price movements before they happen. Despite this strength, it assumes data integrity, which could lead to inaccuracies if large volumes occur from unnatural sources. Therefore, traders should ensure they accompany this tool with other analyses for confirmation.
Volatility Indicators
Bollinger Bands
Bollinger Bands are widely recognized due to their adaptability in analyzing price volatility. Consisting of a middle band (usually an SMA) and two outer bands representing standard deviations from the middle, Bollinger Bands visually convey the degree of price volatility, helping traders make informed decisions on entry and exit points.


A key characteristic is the dynamic nature of the bands â as volatility increases or decreases, the bands expand or contract accordingly. This feature allows traders to identify periods of market consolidation or potential breakouts. However, the overlapping of prices with the bands may lead to confusion, necessitating careful observation alongside other indicators for precise interpretation.
Average True Range
The Average True Range (ATR) assesses volatility by measuring the range of trading prices over a period. Unlike other volatility indicators, ATR does not indicate price direction; it solely reveals the level of volatility, making it a useful addition for traders looking to gauge risk.
A critical strength of ATR is how it aids in setting appropriate stop-loss levels or deciding on position sizing relative to market conditions. Despite this clear utility, traders must remember that ATR solely focuses on volatility and does not consider price movement direction, which might lead to challenges if misused. Understanding its role in the context of other indicators is essential to maximize its benefits.
In-Depth Look at Top Indicators
Gaining a comprehensive understanding of top indicators is essential for anyone involved in trading, whether a novice or a seasoned professional. These indicators serve as navigational tools, helping traders interpret market movements and make informed decisions. When combined with sound strategies, they can significantly enhance trading outcomes. Delving into individual indicators allows traders to appreciate their distinct features and applications, thereby facilitating customized trading approaches that align with personal goals.
Moving Averages
Types of Moving Averages
When considering the types of moving averages, it is important to note that they primarily include simple moving averages (SMA) and exponential moving averages (EMA). Each offers unique insights into price trends. The SMA provides an average price over a defined period, smoothing out fluctuations, which helps identify the overall trend direction. On the other hand, the EMA gives more weight to recent price movements, making it particularly responsive to sudden market changes. This responsiveness makes EMAs a popular choice for short-term trading strategies, as they can indicate shifts in market momentum quickly.
One unique aspect of moving averages lies in their ability to generate crossover signalsâwhen the short-term MA crosses above or below the long-term MA, it can indicate potential buy or sell signals. However, one disadvantage is that during sideways market conditions, moving averages may produce false signals that can mislead traders.
Application in Trading Strategies
The application of moving averages in trading strategies provides traders with a systematic way to enter or exit positions. By integrating moving averages into their trading plans, individuals can build strategies that take advantage of market trends over different timescales. For instance, a trader might utilize the crossover strategy, where they buy after a short-term EMA crosses above a long-term SMA, and sell when it reverses, effectively capitalizing on momentum.
However, it is crucial to consider that different markets may react differently to these indicators. A moving average working well in one asset class may not yield similar results in another. Thus, backtesting any strategy involving moving averages helps mitigate risks associated with their limitations, allowing traders to adapt their methods according to market fluctuations.
Relative Strength Index
How to Calculate RSI
Calculating the Relative Strength Index (RSI) offers a straightforward approach to gauge market sentiment. To compute the RSI, one must first determine the average gains and losses over a specific time period, usually 14 days. The formula is as follows:
[ RSI = 100 - \frac1001 + RS ]
Where RS (Relative Strength) is the average of x days' up closes divided by the average of x days' down closes. As a momentum indicator, the RSI is expressed on a scale from 0 to 100, helping traders determine overbought or oversold conditions in the market.
Utilizing RSI is beneficial due to its simplicity and ability to provide critical insights into price movement without excessive complexity. However, like all indicators, it is not without flawsâit can generate false signals, particularly during strong trending periods when prices can remain overbought or oversold for prolonged durations.
Interpreting RSI Values
The interpretation of RSI values is central to its effectiveness as a trading tool. Generally, an RSI value above 70 indicates that an asset may be overbought, while a value below 30 suggests it might be oversold. Traders often use these thresholds to identify potential reversal points. For instance, a dip below 30 could present a buying opportunity if accompanied by other supporting indicators.
The characteristic of RSI being a bounded oscillator enhances its usability, making it an ideal choice for traders looking for entry and exit points. However, its inherent lag can also be a drawback, particularly in rapidly changing markets where timely decisions are paramount.
Bollinger Bands
Understanding Band Width
Understanding the width of Bollinger Bands is crucial for comprehending market volatility. Bollinger Bands consist of a middle band (typically a 20-period SMA) and two outer bands positioned two standard deviations away from the mean. When the bands tighten, it suggests reduced market volatility, often preceding significant price movements. Conversely, when the bands widen, it indicates increased volatility.
This ability to visualize volatility offers traders critical insight into potential market changes. However, it is important to note that band width alone should not be used in isolation. A combination with other indicators can yield more reliable signals, as traders could misinterpret tight bands as a signal to enter without understanding the broader context.
Use in Identifying Market Conditions
Bollinger Bands are adept at assisting traders in identifying market conditions and potential entry or exit points. When prices bounce off the lower band, it may signify a buying opportunity, while a rejection from the upper band could indicate a potential sell point. This adaptive characteristic makes Bollinger Bands favorable for various trading styles, whether in trending or ranging markets.
Moreover, traders often use Bollinger Bands in conjunction with RSI to validate trades; for instance, if the price touches the upper band while the RSI shows overbought conditions, it might strengthen the case for selling. While Bollinger Bands are versatile, understanding their limitationsâlike any indicatorâis necessary to avoid pitfalls in trading scenarios.
Combining Indicators for Strategy Development
Combining indicators in trading is akin to assembling a fine-tuned orchestra, where each musician brings a distinct sound that contributes to a harmonious piece. The importance of this approach lies not just in the individual capabilities of each indicator but in how they can complement one another to create a well-rounded trading strategy.
If one indicator can help you identify a trend, another might signal when to enter that trend. Together, they can offer a broader perspective on market dynamics. This holistic view equips traders to make more informed decisions, reducing risks while maximizing potential gains. So when you blend indicators, youâre not just stacking tools; youâre crafting a strategy driven by data and informed insights.


Creating a Trading Plan
Creating a trading plan is like mapping out a journey before hitting the road. Itâs essential because it provides guidance, reduces impulsive decisions, and ultimately aims to enhance profitability.
Adapting Indicators to Personal Style
Adapting indicators to your personal style is crucial for several reasons. First off, every trader has a unique approach that resonates with their risk tolerance and market understanding. Some may thrive on rapid trades with fast-moving indicators, while others might prefer a more slow-paced strategy that focuses on long-term trends. By aligning indicators with personal trading styles, you can develop a level of comfort and confidence that significantly enhances your decision-making process.
For instance, a trader who thrives on day trading may find the Relative Strength Index (RSI) beneficial due to its frequency of signals. On the other hand, someone focused on swing trading might opt for moving averages to assess longer-term trends. This flexibility illustrates why adapting indicators to personal style is not just advantageous; it can be pivotal for success.
However, a key characteristic of this adaptation is ensuring that youâre not overcomplicating your approach. Simplicity often rules the day in trading; thus, a clearer, more straightforward adaptation can yield better results in the long run. Finding that balance is essential.
Backtesting Combined Strategies
Backtesting combined strategies holds significant weight in strategy development. This process involves testing a trading strategy using historical data to see how it would have performed in the past. It serves a dual purpose: validating the effectiveness of your combined indicators and providing insights that can refine your approach.
The utility of backtesting cannot be overstated; it allows traders to identify strengths and weaknesses within their combined strategies. Traders can test various scenarios and adjust their plans accordingly, leading to more disciplined and optimized trading methods. Additionally, it boosts confidence in your approach by allowing you to witness how different indicators complemented each other in past market conditions.
Nonetheless, itâs also wise to remember that historical success doesnât guarantee future performance. The market is dynamic, and while backtesting can provide insights, itâs essential to stay adaptable.
âThe market is like a living organism, ever-changing and always unpredictable. Flexibility and adaptation are keys to survival.â
Limitations of Indicators
When it comes to trading, relying on technical indicators can be a double-edged sword. While these tools provide valuable insights, it's crucial to grasp their limitations. Understanding these constraints helps traders avoid pitfalls and enhances their decision-making process. Without recognizing where indicators can fall short, one might find themselves caught in detrimental strategies or unexpected market conditions.
Common Pitfalls
Rushing to depend on these indicators without proper context can lead traders down the wrong path. Here are a few common pitfalls:
- Over-reliance: One of the gravest mistakes traders make is relying solely on indicators. Even the most sophisticated indicators can sometimes send false signals. It's best to use them in conjunction with other forms of analysis, both technical and fundamental.
- Misinterpretation: Misreading what an indicator signals can create poor trading decisions. For example, a trader might see a bullish crossover on a moving average and immediately buy, without considering the overall market trend.
- Lagging Signals: Many indicators, like Moving Averages, are lagging indicators. They react to past price movements, which means the trader might find themselves acting on outdated information. Itâs vital to anticipate market changes instead of merely reacting to past data.
- Ignoring Market Conditions: Each market condition, whether trending, ranging, or volatile, influences how indicators behave. Failing to consider these conditions can lead to inappropriate indicator usage.
Understanding Market Conditions
Market conditions play a pivotal role in how effective indicators are. Adequate comprehension of market dynamics is essential for traders who want to use indicators effectively.
- Trending vs. Ranging Markets: In a trending market, trend-following indicators like Moving Averages work best. However, in a ranging market, oscillators like RSI can provide better insights by identifying overbought or oversold conditions. Understanding this distinction can mean the difference between profit and loss.
- Volatilityâs Impact: During high-volatility periods, indicators might produce more false signals. For instance, Bollinger Bands widen during such times, but traders can misinterpret this as continuous price movement instead of recognizing it as increased risk. Market sentiment should always be monitored as it can dramatically shift the effectiveness of certain indicators.
- Fundamental Events: Economic news and events can cause significant market fluctuations that technical indicators might not account for. For example, a company's earnings report may greatly affect its stock price in a way that standard indicators would not reflect immediately. This is where a well-rounded approach to trading combines both fundamental and technical analysis.
Best Practices for Indicator Use
In the world of trading, employing the right indicators can mean the difference between landing a win or facing a setback. Itâs not just about choosing the indicators themselves, but also about how they are applied throughout oneâs trading journey. Best practices for using indicators enhance a trader's understanding, support decision-making, and promote consistency in results. Here, we dissect what these best practices entail and how they can contribute to a more successful trading experience.
Regular Review and Adaptation
Indicators are like kitchen gadgets: useful for a time, but if they sit unused or become outdated, their effectiveness diminishes. Regular reviews allow traders to assess the performance of their chosen indicators against actual market outcomes.
- Consider tracking your indicators against their corresponding metrics: This will help you understand trends over time. Is the Average True Range giving reliable signals? Are Bollinger Bands still relevant given current market volatility?
- Adapt your strategies: Markets are in constant flux. If a particular indicator stops providing valuable signals, it may be time to swap it out. For example, if youâre no longer seeing solid performance from the RSI, perhaps shift focus to something like the Stochastic Oscillator. To aid with regular reviews, itâs wise to keep a trading journal that includes insights about your indicators and performance ticks.
"In trading, it's a sin to set and forget. Stick to the basics and make the necessary adjustments as you go along."
Staying Informed on Market Trends
An informed trader is a successful trader. Understanding the shifting tides of the market trends is crucial when implementing indicators. Itâs about more than just numbers on a screen; itâs about grasping wider financial contexts and sentiment.
- Utilize multiple sources of information: Relying solely on indicators might narrow your perspective. Integrate insights from news articles, economic reports, and trends observed in social media platforms like Reddit or finance blogs. This holistic approach helps in contextualizing the indicators' performance.
- Join communities and forums: Engaging in discussions with fellow traders can offer fresh perspectives. Discovering how others interpret indicators can enhance your own understanding. Websites such as social media or forums often hold invaluable anecdotal information worth considering.
Staying in tune with market news means you wonât catch yourself flat-footed when conditions change unexpectedly. It instills confidence and aids in making informed decisions when deploying various indicators. Always remember, trading is as much about strategy as it is about knowledge.
Epilogue
As we wrap up this comprehensive guide, itâs essential to underscore the pivotal role that indicators play in enhancing trading strategies. In the bustling world of trading, having insight into market trends and movements is like having a compass in a storm. Indicators provide that necessary guidance; they help traders make informed decisions based on data, rather than gut feelings or fleeting instincts.
Summarizing Key Insights
Throughout this article, weâve traversed various types of indicators on TradingView, from handy trend indicators to the insightful metrics provided by volatility and momentum indicators. Here are some key insights to take away:
- Understanding of Technical Indicators: Gaining a solid grasp of what indicators are and how they function is the first step in cultivating a successful trading approach. Knowing how to read these signals can make all the difference when it comes to executing trades.
- Combining Indicators for Strategy Development: Itâs not just about using one indicator but strategically combining several to form a robust trading plan. This multifaceted approach allows traders to adapt to constantly shifting market conditions and personal trading styles.
- Limitations and Best Practices: Recognizing the shortcomings of indicators is equally as important as understanding their strengths. Market conditions can differ significantly, and what works well in one scenario may falter in another. Regular review and adaptation of chosen indicators help keep trading strategies agile and relevant.
- Importance of Continuous Learning: Staying updated on market trends and developments is crucial. Continuous education through forums, articles, and other resources can provide traders with fresh perspectives and new strategies.
"Trading is not about being right all the time; itâs about managing losses and maximizing gains."