Human weaknesses that need to be overcome in the trading process
Fear of missing out
Before entering the market, you may have a bullish or bearish view and enter accordingly. Once you have a position, you are constantly concerned with the fluctuations of your account funds, tormented by various temptations, fears, greed, persistence, hope, and emotions influenced by these changes, and ignoring the market itself. This greatly interferes with normal thinking and judgment.
Whether it's a long or short position, whether it's a profit or loss, as long as small gains and losses are within an acceptable range, one should beware of large losses. Traders should focus on the correctness of the process and be content with the results as they come. If you think about the results in advance, it will disturb the entire trading process and result in losses every time.
The human mind always jumps ahead to imagine unrealistic outcomes and ignores what is actually happening in the present. This is a big mistake in our lives. These are the causes of fear or greed, which can lead to traders regretting after placing an order or closing a position, causing hesitation and indecision.
The reason for this is that there is no effective trading system, causing traders to lack confidence in any aspect of the trading process.
Confronting the market
Traders must first understand that the market does not shift according to human will. The education we have received since childhood is based on competition, such as overcoming various obstacles and fighting difficulties. This consciousness has deeply rooted itself in the hearts of traders.
In fact, when traders enter the market, they still carry this mentality. Often, some elites from various industries come to the market and suffer failures, and even more thoroughly than ordinary people.
This is because successful people in other industries have a strong sense of self and do not believe they will fail. They are also unwilling to accept their own failures. Their success makes their personalities become very tough, so when the market turns against them, they do not know how to yield and compromise, but adopt a confrontational attitude until they are destroyed.
People in life tend to defend their views to some extent, unwilling to admit their judgment errors. Therefore, regardless of whether a person is right or wrong, they will stick to their attitude to the end. What they defend is not the truth, but their self.
This inherent nature of struggle and the attitude of not wanting to yield or give up self is the biggest obstacle in trading. Holding positions, not setting stop losses, and not admitting mistakes can eventually result in large losses or even liquidation.
The pursuit of perfection
The pursuit of perfection is a very greedy and extreme mentality. Because of this pursuit, it does not allow any flaws, cannot bear even very small losses, and it is difficult to execute a stop loss when necessary, and wants more profit when it is time to close a profitable position. Because of this pursuit, a person tries to capture every movement and does not want to miss any market situation.
Everyone has their own limitations and areas in which they are not good at. The pursuit of perfection can easily lead to frequent and impulsive trading.
To be continued...
Intradia
Pánico en BTC/USD se esperan niveles más bajos! El BTC continua a la baja tal como se ha pronosticado en distintos análisis de colaboradores y analistas. Al día de hoy su estructura se encuentra en un rango entre los $9.000 y los $9.900 para operaciones intradía y/o scalping. Como dato interesante notamos como cada vez que el precio llega a un soporte relevante su volumen de operación es cada vez menor comparado con el punto de soporte anterior, por lo que nos da pie a considerar que puede seguir bajando un poco más antes de que los "Toros" quieran interesarse en la criptomoneda. Otro dato a considerar es que nos encontramos a principios de mes (01-02-18) y es muy buena oportunidad para "cazar" niveles de compra baratos para mantenerlos hasta fin de mes y recoger posibles ganancias considerables como ha sucedido en los últimos 4 años en la historia del bitcoin y otros mercados bursátiles, donde enero es un mes que tiende a cerrar en negativo. Atentos a los próximos análisis y posibles acciones del precio. Recordemos que por más que podamos tener las estadísticas a mano el precio "siempre hará lo que quiera" y no podremos controlar este aspecto de los mercados. Feliz dia y buen trade a todos!
BTCUSD en medio de la nada!!Para las operaciones intradía, está en zona de riesgo. Para operaciones de venta (shorts) hay que esperar que el precio retorne y valide la línea roja (resistencia) para posición a la baja. Para largos hay que esperar que el precio llegue a la zona de la línea verde (soporte) y cree un esquema de extremo (Falla, doble piso, clímax o trampa) y que el mismo sea validado con volumen. En caso de quebrar su estructura (triángulo simétrico) es muy probable que el precio continúe a la baja, por lo que hay que estar atentos a la zona de soporte y evaluar a detalle su comportamiento.