Don't be like Bully Maguire...
If you are feeling the emotional swings of Bitcoins price and you want to trade with confidence then this is for you.
The following things I am about to talk about drastically changed the way I approach trading.
They are so powerful in their application...
No need for cheap gimmicks and fancy tricks.
So here it goes:
Operate on first principles.
Millions of traders have SOS...
Shiny object syndrome.
They chase every "new" technique that hits the market, it doesn't matter if it works, aslong as they got to try it and didn't miss out on anything they will be happy - for a time.
It is marketing 101 to rile up those emotion in traders, don't fall for it.
Be stoic, hold your ground and stick to first principles.
If you don't I can tell you in my experience (9 years), you will chase strategies and ideas like they are a sold gold brick but they will just turn out to be gold dust that will fall through your fingers at a moments notice.
You will move throughout life with a chip on your soldier, negatively affecting those around you like a cheap knock-off Bully Maguire meme.
So...
What are the first principles of trading?
And how do you act from first principles?
I am not allowed (house rules) to provide you with a link to these questions so instead use your deduction methods Sherlock to find your answers.
The following things I am about to talk about drastically changed the way I approach trading.
They are so powerful in their application...
No need for cheap gimmicks and fancy tricks.
So here it goes:
Operate on first principles.
Millions of traders have SOS...
Shiny object syndrome.
They chase every "new" technique that hits the market, it doesn't matter if it works, aslong as they got to try it and didn't miss out on anything they will be happy - for a time.
It is marketing 101 to rile up those emotion in traders, don't fall for it.
Be stoic, hold your ground and stick to first principles.
If you don't I can tell you in my experience (9 years), you will chase strategies and ideas like they are a sold gold brick but they will just turn out to be gold dust that will fall through your fingers at a moments notice.
You will move throughout life with a chip on your soldier, negatively affecting those around you like a cheap knock-off Bully Maguire meme.
So...
What are the first principles of trading?
And how do you act from first principles?
I am not allowed (house rules) to provide you with a link to these questions so instead use your deduction methods Sherlock to find your answers.
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