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GOOD REACTION IN DUMP AND CORRECTION 😍when market have correction or dump people scared and sell portfolio and same place market come back and who sell portfolio, buy again in pump and this happen repeat and repeat to zero portfolio... Please read this part carefully , When market have a correction you must buy more and wait for come back and get profit to this correction instead of sell portfolio and think market will have bear season to this time , So now buy more and wait just this no more . Remember market in any time have new trend and never Fixed in one trend , You must smart and think about market and news and charts next select good position ! NOW If we can't understand chart or market condition , what we must to do ??? Answer : You have nothing to do , Sometimes we must just watch and wait to good place for login and each time feel market have bad trend and you can't understand that , just sit down and noting to do just watch !!!! Cryptocurrency market have a more than 12.000 coins and token and we can't keep all and get all profit , So make your watchlist about 10 to 20 for starts and check that . Have a good times guys :)
by ABOLFAZLVAZIRI
End of an era: Big fear is out of the marketWhat a wonderdul week! I have been buying since October so you bet I enjoyed it, first I started with the tech indice, I even bought the very bottom of that consolidation area, nice. I expected the "uncertainty" to be over and optimism to come back 1 at a time. But the nasdaq indice was not doing that great - it went up but weak - so I switched to the S&P 500 (and also was in Bitcoin which did really well since $12000 but it got banned so I had to get out). And for 6 months I have seen bears suffer. Some of them post articles, ideas, videos. It's a running gag, where everyday they come up with something even more apocalyptic they run out of ideas to make it even more negative than the last day. "It's even worse than I thought everything about to collapse our food stores are running dry we will all starve to death". My ideas from 6 months ago: We can look at the commitment of traders: It's still the same institutions that have been hesitant and skeptical literally since the 2009 bottom, 12 years later are still skeptical, even net short. Jim Cramer only look at zoomed in daily charts? This guy is in show business now, so I'm going to have to assume he does drugs. These institutions they're really short? Or Short the future and invested in all sorts of stocks? I already know the answer but it seems so unreal. Prices have been going up for 12 years and they STILL are sellers. "Ooooh it's coming". With buyback programs the biggest buyers by far. And the FED is printing to make sure it goes up, what kind of idiots are fighting this? Maybe the US will soon become Weimar Germany and the stock market will do a 10X (after ajusting for inflation) like the German one did. Bears are suffering and are on the edge. Sometimes I think 99% of market participants "pros" included just holds bags forever and adds to them and never cuts losses. Humans own the planet, now they have to evolve into a predator mentality rather than this holding onto losers forever fight to survive the predators. Bears are the enemy. You may be my friend but if you are a short seller now you are my enemy. The enemy is suffering as we bulldoze our way through. The price not only is going up now throwing them some hope with a little red candle here and there, it is going up in a straight line. The pain is maximum. Bears are like the average human, I'd like to think the losing mentality "never give up" emotional human is underrepresented in the markets, but there are still many and besides it's not binary, it is sort of a spectrum, everyone has some of it, some more some less, and under enough stress maybe we all suck. Bears rather than cut their losses and get a 100% certainty small loss, rather hold on, even add, for a chance (1%? XD) to not take a loss, even if this means risking taking a much larger loss. From this point it's no longer about logical pricing, it's about pain and how much of it can bears take. When the fear index has a high period then drops back to normal, the S&P price usually goes really far. How much pain can they take? 5000 points? More? As I said bears are our enemy. Our goal is to destroy them, run them over like a hoard of rhinos, obliterate every last bit of hope they have. Each tick higher, and each time they clic on "sell" the pain grows and they get weaker. Each tick higher, and each time we clic on "buy" we end in an even better, stronger, more comfy, position. And each bear that falls makes us stronger. This is an uphill battle for the bears. We continue to press our advantage until the last bear falls. No quarter, no letting down the pace. We hit harder and harder, we go up faster and faster. Rest in piece short sellers. Hey and after bears capitulate and this goes parabolic I expect a big correction, might be good to sell and buy back lower at some point. The VIX after so long "fear" only just went below 20 and it's way too early, we are barely entering optimism, there is a long long way to go before mainstream media and Jim Cramer have a "thrill" posture / admit we are in a bull market. A long long way to go...
TVC:VIX
by MrRenev
7
The markets are there to make you feel stupid or brilliantMany a trader will have made their best analysis based on information at the time and then taken an entry position, only to find that the market does something unexpected. Price may move violently in the wrong direction i.e. not the favoured direction and comes close to a stop loss or actually stopping out the position for a loss. Now with hindsight a trader feels or thinks, " How stupid - I should have seen it coming. I shouldn't have done that. " This happens enough times to new traders. Seasoned traders live with it and have less such self-talk. I think it's important to acknowledge those feelings. These are partly thinking processes and emotional processes. New traders often feel demoralised after 10 or so failures in a row. " Am I doing something wrong? " - they may think. This is a reasonable question. It could be that something is wrong. However, nothing may be found wrong with one's methodology or application of one's personal rules - after a careful reassessment. It's good to check. The BTCUSD chart shows what is some sort of 'head and shoulders' pattern. It's not the best picture of it in the world but something is there. Wherever one takes a position in BTCUSD, it could be wrong. Why? The markets respect no one person. A proportion of traders will have taken a position in this and made some real profits. They will punch the air and with joy go, " YESSSS!! " From my long experience I've learned that 'feelings' of being right or wrong, actually bends the mind a trader. I'm speaking for myself quite clearly. Others may have similar experience. A feeling of being good after a string of wins, often creates a subconscious sense of confidence. Imperceptibly this can creep into future trades and then one realises some major losses. My own strategy is to try at best to reduce trading frequency and exert even greater diligence in entering trades after a series of wins. I aim to expect the unexpected. It's always a tad difficult when I get stopped out for a loss. But I repeat to myself that the stoploss is there to protect against the 'unexpected' - so it's not actually unexpected. It is a limit. It is the expected limit of price moving not in a favoured direction. There is no single path to 'a promised land' in trading. Traders can adopt different methods, different rules, and be consistently profitable. The largest obstacle which is difficult to train out a trader, is their own personal psychology . By this I mean things like attention to detail, biases, emotions, discipline etc. So in many ways feeling stupid or brilliant can affect our future decision-making in imperceptible ways. Traders can lose discipline after losses or big gains. Mark Douglas spoke about these sorts of things. The BTCUSD chart is not intended to attract thoughts on whether to go long or go short. I'm not really interested in whether the H&S is there at all or correctly drawn. I'm taking it beyond that. What happens next to traders who come out of this period - some bruised, some overjoyed? Trading is not about winning one trade or a small handful. It's about the long road ahead. I'm delighted if others can share their experiences.
BITSTAMP:BTCUSDEducation
by Captain_Walker