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Barrier

Ethereum Breaks $31000 BarrierEThereum has offically crossed the $ 3000 mark reigniting bullish momentum in the market this marks a significant milestone as ethrerum pushes beyond key resistance levels with renewed cofidence among traders and investors alike. Chart Overview The price action shows ethereum building a strong demand zones and breaking through the $3 ,000 resistance. key bullish patterns and liquidity grabs have fruther upside potential. whats Next? As Ethereum trades above this critical psychological level the next targets to watch are $32000/$34000 and potentialy $38000 if the momentum continues . However keep an eye on the potential pullbacks the market remains highly volatile #ETHUSDT #Ethereum
Long
by GoldMarketKiller
Getting Over Emotional Barriers to Successful ResultsInvesting plays a crucial role in personal finance, serving as a vital avenue for individuals to expand their wealth and financial security over an extended period. Despite its significance, numerous individuals shy away from investing due to various perceived obstacles that hinder their progress, including a lack of knowledge, fear of risks, and limited resources. Unfortunately, these barriers can impede individuals from reaching their financial goals and securing their future. In this comprehensive article, we will delve into the common obstacles that hinder successful investing, and we will present practical tips and strategies to overcome them effectively. Our ultimate objective is to empower individuals by eliminating these barriers, enabling them to make well-informed investment decisions and ultimately achieve long-term financial prosperity. Emotional Aspect Emotions exert a profound influence on the realm of investing, often stealthily shaping our choices and behaviors without our conscious awareness. Fear, greed, and even overconfidence can distort our judgment and result in suboptimal investment decisions. Recognizing and effectively managing our emotions becomes paramount for achieving success in the realm of investing. This article aims to delve into the profound impact of emotions on investment endeavors, pinpoint prevalent emotional biases that can derail our investment strategies, and offer pragmatic advice for navigating the emotional landscape when making investment decisions. By gaining insight into the intricate interplay of emotions and investments, we can enhance our investment outcomes and attain greater financial security for the long term. Lack Of Knowledge The misconception that successful investing revolves solely around buying and selling the right stocks can lead investors astray. This oversimplified viewpoint fails to acknowledge the intricacies of market dynamics and the multifaceted factors that drive investment performance. Moreover, investors often overestimate their ability to outperform the market and unwittingly expose themselves to unnecessary risks. Another common pitfall is the allure of strong performance, which tempts investors to chase the latest trendy sector without fully comprehending the underlying reasons or associated risks. This behavior can result in an unbalanced portfolio with an excessive concentration of funds in a single investment, such as their employer's stock, which undermines diversification. Furthermore, a significant number of investors lack a comprehensive understanding of fundamental investment concepts, such as bonds, interest rates, and central bank policies, which can profoundly impact their decision-making. For example, some investors may avoid bonds altogether, unaware of their potential advantages in situations such as company bankruptcy, or fail to recognize the influence of rising interest rates on bond prices. Lastly, investors often struggle with determining the appropriate time to sell a substantially appreciated stock, failing to capture profits or free up capital for other investment opportunities. This oversight can result in an imbalanced portfolio that excessively favors the appreciated stock, exposing investors to unnecessary risk. Market fluctuations inevitably prompt portfolio readjustments, sometimes to the dismay of investors. Rebalancing involves selling some of the best-performing investments to acquire quality stocks that have lagged. Understanding these fundamental concepts and adopting a more rational approach to investing can empower investors to achieve greater financial success and navigate the complexities of the market with confidence. Concentrating Too Much On The Details Despite many investors proclaiming to prioritize a long-term investment perspective, their decision-making is frequently swayed by short-term market movements and fleeting notions. While the importance of establishing long-term financial goals, such as purchasing a home, saving for education, and preparing for retirement, is widely acknowledged, many individuals neglect to devise sound financial plans to actualize these aspirations. This lack of strategic planning renders their choices vulnerable to the unpredictable fluctuations of the market, heightening the likelihood of impulsive decisions that undermine their ability to achieve long-term goals. Invariably, when the market experiences an upswing, the average investor hastily plunges into stocks and mutual funds in an attempt to capture some of the profits amassed by seasoned professionals. Conversely, during a market downturn, panic often grips the average investor, prompting them to sell investments near the market's nadir. Regrettably, this cyclical pattern frequently repeats itself, resulting in investors enduring substantial capital losses and growing disenchanted with the stock market. Methods For Overcoming Emotional Obstacles To enhance the likelihood of success in investing and trading, several strategies can help overcome barriers. Consider the following tips: Educate yourself: Lack of knowledge is a major obstacle to successful investing. Invest time in learning the fundamentals, including different investment types, risk management, diversification, and market trends. Online courses, workshops, seminars, and financial advisors can assist in expanding your knowledge base. Develop a plan: Create a well-defined investment plan that aligns with your financial goals and risk tolerance. This plan should encompass a diversified portfolio, clear investment objectives, and a strategy for monitoring and adjusting your investments over time. Maintain discipline: Avoid making impulsive decisions driven by emotions or short-term market movements. Stick to your investment plan and resist the temptation to chase fads or engage in impulsive trades. Embrace long-term focus: Successful investing requires a long-term perspective. Don't overly fixate on short-term fluctuations; instead, concentrate on your long-term objectives. Seek assistance when needed: Don't hesitate to seek guidance when necessary. Working with professionals like financial advisors, accountants, or investment experts can provide valuable insights and help develop a personalized strategy tailored to your specific needs. By implementing these strategies, you can overcome barriers to successful investing and increase the likelihood of achieving your financial goals. Conclusion Investing presents its fair share of challenges, often impeding individuals from reaching their financial goals. Emotional biases, limited knowledge, and getting lost in intricate details are common barriers faced by investors. However, by effectively managing emotions, acquiring knowledge, formulating a clear investment plan, maintaining discipline, adopting a long-term perspective, and seeking assistance when needed, investors can overcome these barriers and attain lasting financial success. It is vital to understand that investing is a journey that demands patience, perseverance, and a willingness to learn and adapt. By implementing these strategies, investors can conquer emotional obstacles and make well-informed investment decisions that yield profitable outcomes.
Education
by FOREXN1
26
Bitcoin Broke Major Resistance Barrier - Is this Just a Wick?Bitcoin, Bitcoin, Bitcoin - Looks like you've just broken some some pretty strong resistance there. Right? Maybe, maybe not... A quick glance at the chart reveals a very interesting and significant point to make, BTC is poking it's head out above the top weekly resistance line! This looks superb, the move we've been waiting for, said to happen on or around this Halving, and here we go! Well, we're not 100% convinced, Bitcoin might be about to lose it's proverbial head. When trading S/R triangles like this one, many times the price will breakout before the "end" of the triangle, and this could be what is happening right now, it's broken resistance, will hesitate while support regroups, then it's off to $20,000+ (with a few stops along the way, of course!) But maybe we should take a look at the Halving previous to this one: You can see that although there was a bump in price movement around the halving, it consolidated quickly and fell back to roughly pre-halving price for nearly 6 months! That's a long time! Even after it broke out of this range it grew slowly, taking another 3-5 months before the "Bull run" really started gaining pace. This is significant. Going back to our main chart, there's a pretty big trading area available Below our current price, and within the S/R triangle, we can't help but feel there's one or maybe two more squeezes downward before things really start to get going nearer the end of 2020. - What we are currently experiencing, might just be a wick on the Weekly chart, bear that in mind! Good Luck & Happy Trading theCrypster
KRAKEN:BTCUSD
by theCrypster