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Emotional

Lets make a BottomBounceIndicator today=Step by step annotated= Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional creature by nature. **Fun Fact** There are two (technically three if you combine them and care about people in general) but for our purposes there are two ways to make a decision in life. Logical: Everyone has done this before: You want to buy a new car(substitute with whatever gets the juices flowing). You go online, you do your research and you come up with these things that are going to be absolute in your buying decision: Year, Make , Model of vehicle you want Color, style, package, interior Must have features as an absolute! Like Sunroof Dealership you will purchase from (normally closets one because people are lazy and like getting taken advantage of) Price you will pay.(if they knew the invoice it would be that because people don't need to make profits on things that cost $20k+) “oh, you guys will make it back on someone else” (Because everyone believes they are that one person that is above everyone else and deserves things for free) I=( Trade value you won't take a penny less for. (because for some reason everyone believes their car is in Great Condition and showcase ready) Bank they will get their money from or Cash they have to spend(Usually if its cash it's some absurd perfect trade and absolute negative deal that makes the amount of money they have just right.) ;: ) Interest rate they will get Amount of money they will put down Years they will finance **I think that covers most of it*** (boy im really going deep into this scenario….) Here is where reality sets in… You show up to the dealership and you tell the sales person you are just looking around. (Because you love being tortured by salesmen and you felt, “ hey I don’t get much free time let's go to the dealership and be harassed by salesman” (sounds about right) Finally, you grace the salesman with the right to show you a vehicle. You tell them everything above about the car you want. 2024 Lexus RC350 f package White with Red interior $54,072 +++ Emotional Decision: While on your much deserved test drive you start to take ownership of this finely crafted out of the most premium of premium hand stitched leather seats and steering wheel, wait what's that the shifter also has the same leather on it. And look at that dash it moves when I start the car! Push button Start, and the LEDS! Sunroof, Navi, Surround Sound, and OMG the seats are like Hugging me! Who cares about Covid and being isolated from people when I can be hugged by this seat! Heated and AC, WHAT! Of course my Honda has it but not like this! The steering wheel doesn’t even shake at like 100 mph, ok the salesman is scared….let me get a hold of myself. Trade Details: Trade: 2020 Honda Accord EXL Black with gray interior 55k miles regular maintenance (obvs right before the major 60k mile checkup) tires have been changed once. No Wrecks one owner. New was around $32-34k 4 years old 15k miles ish/yr The decision: Location: Local Lexus Dealership inside sitting down looking at numbers… The mood: Serious During the test drive you: Fell in love hard for the vehicle Fun fact: you can't see the outside from the inside. Lexus doesn't make cheap interiors so it doesn't matter the color as it looks way better than the “Cord”. While Driving you started thinking: You know I got that bonus and haven’t touched it, I could put that down as well. I mean I could pay another $100 a month for this. I didn’t think I would like the Blue but I actually love it! Black is so hot but really they are all hot! As far as interiors go. If I could finance this through them, maybe I’ll get a rebate or something and then just refinance it with my bank so I don't have to wait and I can drive home today! Emotional Decisions: replace all logic and throw it out the window, think of it like an extremely efficient Moving company with a crew of like 15 jacked dudes and pull up in an envoy that is reminiscent of a Military Convoy. And literally toss everything you have out the door and windows and load up, take off in less than 15 mins. Then what happens next is they bring in the Decor team which is made up of like every reality show Fix it and ditch it Home Renovation Show put together and within the next 5 mins they fill your home full of new IDEAS! YAY! Back at negotiations: You stand Firm and You tell him with a serious VOICE that you will buy it for 84 months $ 690 with $5k down and that you will take $18k for your trade and not a penny less! Finance through them for the rebate but really so you can drive home today. Interest Rate: 7.99% All for the Vehicle you test drove: 2024 Lexus RC350 f package Blue with black interior $53,761++ After a few hours you finally walk out to see your brand New Car and get handed the 3 C’s = See your Car See your Keys See you Later! And that my friends is how emotion will destroy your logic every time! By iCantw84it 10.30.23 In 2 days its my bday give me a Bday Gift I love Boosts! Plus they are free, if you found this somewhat entertaining, and educational pls like follow and BOOST! Thanks! *** btw if you want to know the 3rd way just shoot me a message and a *** btw if you want to know the 3rd way just shoot me a message and I’ll let you know.
by iCantw84it
Don't let the dopamine get you 🥴Do you feel excited? 😅 This is why. It's all down to the chemical reaction in your brain. Dopamine. Dopamine is a chemical in the brain that makes us feel good. Should you be feeling excited when trading?🤔 No.🙈 As this isn't gambling and shouldn't give you the same dopamine rushes like a gambling win does. What's starts as initial excitement will move to fear, anxiety, stress and excitement again. 🤷🏻‍♂️ You become irrational and unable to stick to your plan.🤯 Entering trades through boredom for the 'rush' and closing profitable trades too early because of fear of the profit disappearing - all because you risked too much for that 'buzz'. 'So what can I do about it?' I hear you shout loudly....📢 Well this depends on if you really want to change or not, the downside is you'll think you will make less money .... Think about it - you have a £5000 account right? Option 1 - you trade 15 pairs at 0.5 lot size and your account is up and down like a yo yo - but it's exciting right? Option 2 - you trade 3 pairs at 0.01 - your account movement is marginal. Option 2 is less exciting for sure, but if you want excitement go and jump out of plane. Option 1 will eventually lead to a blown account. Option 2 will give you sustainable consistent trading - you'll let your winners run and you'll lose less on the losing trades. A win win. Only when you get this bit right will you start to see positive change. Emotional control is key Be present doing other things without checking your phone to see how trades are going. Exercise patience by sticking to your plan and letting your trades run instead of closing them early. The only thing you can control in trading is YOU Just don't end up letting the dopamine take control! Have a good weekend everyone and thanks for looking Darren👍
Education
by pow_removetheguesswork
5
This is what a False Breakdown looks like False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue that price might be changing direction or that a trend might be resuming soon. A false-break of a level can be thought of as a ‘deception’ by the market, because it looks like price will breakout but then it quickly reverses, deceiving all those who took the ‘bait’ of the breakout. It’s often the case that amateurs will enter what looks like an ‘obvious’ breakout and then the professional’s will push the market back the other way. The market was previously in a parallel channel to the downside, which has higher chances of breaking to the upside! And Vice Versa. The reasons behind this sell off can be plenty, Crude Oil touching highs, Gold/silver price pick-up, Ukraine-Russia War, US market indications, or whatever. One thing you should take proper care not to do is Follow the news to predict the market. You want to be a trader in Futures and options? Great! Now ignore the market news. Whatever the news is or is Going To Happen it is right there hidden in the Price Action. NOT ON NEWS CHANNELS OR TELEGRAM GROUPS. Do your own trade according to your own setup. Long Short doesnt matter, Believe in your setup.Test it Backtest it. Identify the loops. Close the loops. Stock Market is not Quantum Physics.
NSE:NIFTY
by Sarcastic_Sharma
Emotional Control in InvestmentWarren Buffett famously said, “Be greedy when the market is fearful, be fearful when the market is greedy.” Knowing fear and greed in investing is therefore a good thing. Our ancestors in the past, thanks to fear, knew how to run away from predators so as not to be killed. And also because of greedier than other animals, people know how to cultivate, store food, and then build a prosperous society like today. However, it is no coincidence that the EQ index argues that the more able a person is to control his emotions, the more likely he is to succeed in life. The same is true in stock investing. Even the skill of mastering emotions is also put on the top by experts, which is a decisive factor in winning - losing, gaining - losing. So what should we do to control emotions in investing, so that the actions of "fear" and "greed" appear at the right time and in the right place? How do emotions affect investment decisions? Let's analyze the characteristics of an investor's work. Every day, when the stock market opens, we begin to sit in front of a price list, with the numbers flashing green and red and changing every second, every minute. Looking at the boring price list, we turn our eyes to other investors, groups - group chats on social networks, to see what people are buying, selling, what is the target price, holding this code or that code for a while. How long,... Then when the price list was off, even the night had fallen, we were still thinking, lost in the discussion and analysis. And emotional trading also emerges from here. For example, if we are happy, we are blind to the risks. If we are afraid, we miss good opportunities. If we're angry, we're willing to take great risks to try to undo the consequences (revenge trading). Living in that variable environment, if we do not have enough bravery and knowledge, it is easy to buy and sell irrationally and lack discipline. And so the account also "exploded" itself. If we do not have enough bravery and knowledge, it is easy to trade irrationally and lack discipline. How to control emotions in investing? Shaping an investment method for yourself When investing in stocks, in many cases, you have to make decisions continuously, and you have to decide quickly. But to make quick and accurate decisions, it is necessary to analyze and process information, set investment goals, plan allocations, etc. There is a lot of work to do, to make a decision. good. To make things simpler, you need to have an investment system, or investment method. This helps you to perform actions according to a pre-programmed logic sequence. It will be the directional compass, so that every time you need to make a decision, you just need to check the conditions of the system and follow it. For example, you can stick to a periodic investment plan (SIP - Systematic investment plan). By continuously investing small amounts, you take advantage of long-term cost averaging (DCA). Thanks to the habit of investing periodically over a long period of time in familiar assets, you will be more prudent in risky speculative decisions. Have yourself an investment system that helps you perform actions according to a pre-programmed logic sequence Building investment knowledge After reading the above idea, many of you will probably think: "I don't know anything about investing, how can I build my own investment method?" That leads to the second element that you need to focus on developing, which is building investment knowledge. Referring to investment knowledge, you will probably think of PE, EPS, valuation methods, ... (if according to fundamental analysis), or MA, RSI, technical indicators, wave counting ,... (if according to technical analysis). This is not wrong, but if you don't look at the investment method, the above knowledge can become a fragment of knowledge. Such knowledge must be systematized from the perspective of a specific investment method and way of thinking. You can find these knowledge in the section To make things easier, you can look to investment advisors, brokers, even fund managers who you know for sure have their own investment systems. However, when receiving investment advice, no matter what method it is, be sure to learn from an expert the important components of an investment method: Clear, objective (non-emotional) logic to make buying/selling decisions. Investment history follows the above logic, applied in Vietnam market. Principles of portfolio allocation, appropriate investment size. Risk management principles should clearly state what we will do when a risk occurs. In addition, investment knowledge is not only professional knowledge but also general understanding. For example, you should know in advance that no method is all-encompassing; a potentially high-return opportunity also carries a high degree of risk; It's not like businesses and the whole economy can grow by tens of percent per year, but you just invested in stocks and want to earn 5 times 10 times,... Don't stand on this mountain looking at that mountain 16 years of experience in the stock market gives me the opportunity to meet a lot of people. Many of my clients confided to me: “I just need to make a steady profit of a few dozen percent per year.” However, they weren't happy when they only held a 35% increase, while a certain X doubled. But there are also lucky people, who bought the correct X code and doubled it, but still regretted: "If I know that, I will buy more". In this case, instead of comparing the actual profit with the original target, they compare it with someone else's profit, or the profit it could have been. No matter how much they say, they will have a reason to regret anyway. The solution to not falling into this situation is to return to your own investment goals and methods. If this still isn't strong enough, try linking that goal to the important things in your life. In software development, there is a concept called user story, written in the format: “Is…, I want… to……”. I love this style of writing because it focuses on the subject and the goal. Applying investment, for example, we can write the following: “As a father, I want to invest to have money for my daughter to study abroad at the age of 18.” I believe if you always remember this , you will be less emotional, less reckless and stick to your investment plan more, because you know this determines your daughter's future.As a father, you cannot bring your child's future to life. can bet. As another example, we could write: “As the breadwinner of the family, I want to invest to have a sustainable passive income source, so that my family doesn't have to worry about finances when I get old.” If you develop If you can express this, you must have remembered your responsibilities, your goal of financial peace of mind.Emotional decisions make you insecure, so there is no chance to dominate. Enjoy the emotions of investing in a controlled manner. Conclude Having emotions is a natural mechanism of all living things, including humans. Therefore, if emotions become too dominant, we should not reject them to the extreme, but should only moderate and control them to an appropriate intensity to facilitate work. Experiencing the emotions of investing is like climbing to the top of Fansipan. Climbing to the top may not be fun, if we don't experience the cold, the slippery pain when climbing the slope, the times we have to struggle with the mud, we have to swing into each bamboo grove to go. Investment is similar. Accept and enjoy emotions, but don't let them hinder us from reaching our destination, let them overwhelm our goals, and erase our motivation.
HOSE:APHEducation
by fxtactix
Betting mindset in investmentInvesting is an activity that always comes with risks. Every time we have to think about a fixed investment, sooner or later we have to ask ourselves what are the risks associated with this investment? Investing is an environment where the certainty of the future is purely a product of the imagination, but unfortunately this is the product that is being sold most to the inexperienced class of investors who are just starting out. learn about the market. It is not difficult for us to come across many stock investment courses online that promise to give investors the formula to beat the market, technical tools that always guarantee profitability, or simply the best words. the bullshit of the brokers' heads. In investing, as in life, there is nothing an investor can do that can give a sense of certainty that the end result will be what you want, uncertainty in the future will always be a constant. Numbers never change, especially in the investment environment, and investors have no choice but to learn to accept this fact. Therefore, once imbued with this principle, smart investors will also know that the most reliable fraud warning signal in investment is the opposite of the above truth - the promise to guarantee profits. profits in the future. In multi-level language, it is a commitment of X% profit in a fixed period of time Y. Every time you hear the four words "profit commitment" from someone who is talking nonsense about an investment project, you better hold your wallet tightly Because the future is always associated with uncertainty, learning how to deal with uncertainty in investing is learning how to think probabilistically in the most objective way. In other words, the most famous investors in the world are basically people who think like professional Poker players! How to properly receive new information? Thomas Bayes was an English pastor who lived in the early 18th century. For those who have specialized in statistical probability or machine learning, Bayes is not an unfamiliar name - he is the father to of today's famous Bayes theorem. In Nate Silver's famous book Signal and noises, the author gives a perfect example of how to think in the Bayesian style: Let's assume that there is a man who has just been given life in a world of which he has no knowledge at all. Seeing the sun rise for the first time in his life, he screamed in panic and sought refuge from its sunlight. He didn't know if this "sunrise" phenomenon was normal or just a madness in the world. However, day by day when he saw the sunrise, he became more and more certain that this was a constant phenomenon, not a coincidence. The first day when he saw the sunrise, he was not sure if the sun would be seen again tomorrow. However, this probability number will gradually increase (but will never reach 100%) with the number of days in the future he continues to see the sun rise. Bayes' theorem is very simple: when we make a prediction about the probability of something happening in the future, it is a never-ending process where the number of probabilities is continuously updated with each Every time a new piece of data comes in, we have to change our prediction. We never start this number with 0% or 100% because Bayesian thinking doesn't allow you to say something will or will never happen. Bayesian thinking is a constantly evolving system, with each new data update bringing our probabilistic predictions closer and closer to the Truth. Bayes' theorem is an assertion that all we know about the future is a guess based on probability, and this number will never be fixed but will always change over time as new information becomes available. appears to force us to update our conjecture. In the ironic way we often hear, one thing for sure about the future is that nothing is certain. Bayesian thinking forces us to admit that our understanding of the world is very shallow, and that we are constantly updating information in the hope that our numbers come closer and closer to Accuracy (but it will never 100%). To do this, we must first admit to ourselves that we are not really sure about anything in the future. To get closer and closer to the Truth, open-minded thinking is essential, and confirmation bias is a dangerous enemy that needs to be eliminated. Consciously or unconsciously, professional poker players and investors alike employ the best of Bayesian thinking in their work. They always think about possible future events as probabilistic numbers, constantly update this number with new data in real time, and are ready to bet big when the probability is extremely beneficial to itself. Like playing Poker, smart investors are always ready to bet big when the odds of winning are very high, although this number has never reached 100%. Similarities Between Investing and Poker Legendary Poker player Doyle Brunson, who is known as the Godfather of Poker, once said a sentence that changed the entire opinion of the writer in the early days of participating in this game: Poker is not just a game of winning or losing. Basically, Poker is the art of making the most accurate decisions in any uncertain situation. You have to know when to bet more, when to discard, and when to All-in. Like all novice players when learning about Poker, the writer only thinks about Poker purely through the lens of winning money or losing money without looking into other aspects of the game. Most new poker players think that Poker is just gambling and that the ultimate aim of this game is to try to win as much money as possible. In fact, the above goal is not necessarily wrong, but if you focus on pure winning and losing, the player's skills can never develop to new heights. Poker is a sport where skill and luck both play a role in determining the final outcome of the player, and the player's skill is always proportional to the efficiency of the final decision-making process. in the entire game. Most realistically, the highest level of poker players are always the ones who are able to make the most accurate decisions in extremely uncertain situations. What is the best decision in uncertain situations? The simple answer is that decisions are based purely on probabilities of what might happen in the future. In Poker, a hand can play out in many different ways with different proportions of probability, and so a player's skill is shown when they are most likely to sniff correctly. whether the probability is in your favor or not. To put it simply, every time a player places chips on the table, the true essence of that bet is a decision about a possible future scenario in the hand. The higher a player's confidence in the prospect of the future in their favor, the higher the stakes will be. In other words, the number of bets represents the player's level of confidence in the possible outcome of the hand (the writer does not include the case of bluffing, that is a completely different category of Poker). ). The more confident players are in their ability to win in the future, the more willing they are to bet big. And so the player who is able to estimate his probability of winning most accurately, the more optimal the final decision-making process. However, professional Poker players are also wise enough to understand that 80% win rate also means 20% lose rate, on average they will have 4 wins for every 5 hands of the same hand. and lost 1 time. And if the other 20% happens to lead to the loss of their bets, they don't really care about it, they basically understand that they made the correct decision but luck smiled. smile at your opponent. Professional Poker players fully accept the uncertainty of the game, they understand that even if they can make all the correct decisions in a hand, there is still a chance that they could lose money due to the uncertainty of the game. influence of the element of luck, but they also know that in the long run the people who are most likely to make the most correct decisions based on probability will always be the final winners in the game called Poker. The investment process is similar to the decision-making process in Poker. Uncertainty is always part of the game, a smart investment has the potential to lose money, and a stupid investment decision has the potential to pay off, at least in the short term. But smart investors are never short-term players, what they really aim for is the long-term end result. It is only when the market goes through a period of excitement and begins to enter a period of depression that we really know who is the real fox in the market. Small bets, big bets, and discards If you have a 90% win in a hand of Poker, the most obvious thing is that you want as much stake on the table as possible. But if you are the opponent, who only has 10% of winnings and understands the rules of Poker like you, why should they accept to place more money with only 10% winning rate? Or let the writer take another example that is easier to understand, if you are an English football fan, you know that Liverpool are one of the strongest teams this season, and their opponent tomorrow is Norwich City , one of the weakest team. Everyone knows that Liverpool have a high win rate and everyone wants to bet on the possibility that Liverpool will win tomorrow, but if so, who will be on the other end of the bet, who will be the fool? bet on the possibility that Norwich City will win? The obvious answer is that it completely depends on the level of the odds, if the bet on Liverpool bets 3 to 2 while the bet on Norwich City places 1 to 100 then the player doesn't really have a choice at this point. Choose obvious attraction. Liverpool has a higher chance of winning, but placing 3 only eats 2, while Norwich City of course has a very high loss rate, but placing 1 will eat up to 100, at this time, the player really understands that there is no meal. which is free on the betting market. Football betting, the odds are very clear in each ball game but this information is completely hidden in Poker and investing. Poker players and investors must estimate this ratio for themselves and make the final reasonable decision. In Poker, if you only have a 10% win, the only reason you would be willing to put more money into the hand is when the amount you win when that 10% happens has to be greater than the odds of placing 1 to 10. This means that if you had to put an extra $100 on the hand with a 10% win rate, you would only do this when the winnings were greater than $1000. On an average of 10 similar hands, you will win 1 and lose 9 times, so you want to make sure that the 10% chance of winning is greater than the total loss in the remaining 9 games. This is a basic concept in Poker, but to put it into practice in investment, there are specific difficulties as follows: 1. You cannot know the exact win rate in each investment. 2. You also don't know exactly how much profit you can make if the deal goes through. In Poker there are some basic math tricks for Poker players to calculate roughly what their probability of winning is in each hand, but this is a luxury in the investment world. It is difficult for investors to give a specific number for the probability of success as well as the rate of return for each potential investment, the most likely thing they can do is give a range. estimates, and the more experienced the investor, the more likely he is to give an estimate that is closest to reality. And like professional poker players, experienced investors are always ready to bet big when the probability of winning as well as the potential profit rate is extremely favorable for them. Basically, the action to invest money in the market is similar to the action of placing chips on the Poker table, which is an expression of confidence in the player's ability to win in the future. The greater the confidence, the bigger the stake, and vice versa. As the Godfather of Poker Doyle Brunson once said, "Basically, Poker is the art of making the best decisions in any uncertain situation. You have to know when to put more money, when to discard, and when to discard. Which should be All-in". In Poker, the hand you are playing is similar to the investment you are considering to lose money in the market, the question that the wise player must always answer is: Is this an attractive deal with the odds of winning as well as the odds being extremely favorable for you? 1. If the answer is an absolute affirmation, you bet big. 2. If the answer is probably maybe, you bet small. 3. If the answer is no, you simply discard. In life nothing is certain, but this also does not mean that everything is 50/50 as many people mistakenly believe, in reality there will always be things with a higher probability of happening. with other things, but always remember that a low probability does not mean it will never happen, things no matter how small the probability, as long as the sample set is large enough, nothing is a problem. cannot happen. For successful investing, the betting mindset is one of the most important skills in investing simply because the Bayesian model is one of the best tools an investor can use to deal with volatility. future determination. Learn to accept the uncertainty of the future as well as the irrefutable probabilistic nature of the investment game, and investors will begin to have a more rational mental model when thinking about prospects. of potential future investments.
HOSE:APHEducation
by fxtactix
The easiest short of your lifeI dont know who came up with the DOGE pump and dump but boy did this one go. Even Elon Musk helped inflate this bubble. What you see here is basically a rerun of 2017/2018 when brand new investors flocked into whatever coin the "people" were buying. DOGE is not "the peoples coin." If your seasoned in crypto you understand that Doge holders are majority 4chan users. This coin is potentially the worst coin to attempt some valliant GME long term rally as it was originally the crypto communities stablecoin before the likes of Tether and BUSD. But nonetheless its 10x in value and is showing signs of a top with majority of dumb emotional money being contained within the very top segment of the price range. If price increases back into this range the emotional traders sell their positions to alleviate the fear they just felt of being underwater. The price would require huge buy orders to push through this, any volunteers? Didnt think so. Everyone that is wanting to buy DOGE has bought DOGE. Its over. this is the top.
BITTREX:DOGEUSDShort
by Piggiiieee
4
The emotional locomotive is running fast! (BTC)Hey, fellas... Enjoying the Matrix? I´ve been checking the king charts, and honest... We are really weak to keep growing up. The bankwhales has the full control this year... To get real fuel to rise up safely, the triple bottom on the blue major support is the way, in my thoughts! Since the ATH, we had several descending tops, and the USD5900 support tested 2 times... I believe our target will be there sooner or later (more "sooner" than "later" i guess).now the magnetic bear is working to break the 23.6 fibbo. Maybe some shot term trade between 7250 and 8k, but i believe we gonna test more supports than resistances for now. My advice is: be carefull with ALT trades, and keep watching, because the buy season is opening. Be patient and DO NOT BE EMOTIONAL! When u sell, someone buy! I preffer to buy of non emotional guys... join me? The song for this idea is "Patient", of "Charlie Puth": "Sorry These mistakes, I’ve made my fair share When you needed me, I wasn’t there I was young, I was dumb, I was so immature And the things that I did made you so insecure But, baby, I’m still your man, I swear Please be patient with me Please be patient with me I know I’m not what you need But, baby, I’m gonna be So please be patient with me..."
COINBASE:BTCUSD
by lem4sk
Bitcoin Ultra Bullish for 2017 - Look Forward to BTC Bubble #5Bitcoin BTCUSD has been in a Bull market since its reversal in late 2015, breaking the prior 1.5 year downtrend. Since then, we have broken $300 -> $500 -> $800, and we're currently on our 3rd leg up. Expecting this leg up to have another 2 weeks left in it, and able to bring us up to 1250-1400 area. A break above previous ALL TIME HIGH (1150) will signal a strong continuation of the Bull trend. There will be shorter consolidations as we move up into higher price zones, so I'm expecting the consolidation after peaking at 1250-1400 to last around 5 months, before we start our next move some time around June 2017. IMO, we're somewhere between Optimism & Belief stages of the emotional crash cycle . Thrill kicks in as we touch and break previous ALL TIME HIGH, and finally Euphoria as we rocket into unchartered territory. P.S. Altcoin party starts in 2 weeks. See you there.
BITSTAMP:BTCUSDLong
by onemanatatime
3
Top 10 Trading Psychology RulesTop 10 Trading Psychology Rules: 1. Plan the Trade & Trade the Plan -Plan all the potential trades beforehand, and trade accordingly with your plans 2. Always be Disciplined -Do not create excuses to break your own trading rules 3. Expect Losses -Do not take a trade unless you are willing to accept the risk 4. Emotion Management -Always analyze your trade objectively and with a neutral of mindset 5. Focus on Trading Well -As a trader, your focus is on making the good trades, not focus on making the money 6. Patient, Patient and Patient!!! -Patient to wait for the Best Setups to trade, do not trade when there are no good setups 7. Trade What You See, Not What You Think -Concern with the effects, not concern about the reasons behind of what are happening. Everything is on your charts! 8. The Trend is Always Your Good Friend -The easiest money is made trading with the trend 9. Trading Evaluation -Record down your trades, why are you entry and why are you exit, continuously improve yourself 10. Trading is a Marathon, not a Sprint! -Be realistic, trading takes time to build experience
AMEX:SPYEducation
by YongLiang
TRADE OF THE DAY 24-02-2016 ($1.90) 3 BAD EMOTIONAL TRADESAFTER MAKING THE TRADE OF THE DAY, I FELT BAD AFTER FOUR LOSSES IN A ROW, WHICH IS NOT BAD AT ALL BECAUSE IS NORMAL IN MY SYSTEM, BESIDES THIS I DECIDED TAKING ANOTHER TRADE WHICH IS NOT IN MY SYSTEM, AND THIS MADE ME GAIN A SMALL WIN WHICH STARTED EMOTIONS ON MY THAT MADE ME OPEN TWO TRADES MORE IS ORDER TO AVOID LOSSES. BESIDES I ENDED ON A PROFIT FOR A SCRATCH THIS WAS A REALLY BAD PRACTICE AND I APOLOGIZE FOR BEING A BAD EXAMPLE TO ALL THE GOOD TRADERS OUT THERE WHO TRUST ON ME. PROFIT/LOSS FOR THE DAY: $1.90 GOD BLESS YOU ALL.
by tommyjose92