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Psychology

BTC See you at 16k Hello dear friends , nobody wanted to accept the reality yesterday the discoball was shining see my previous idea as i stated was time to stop the show and back home big fomo in mass media dumb journalist entering is first future on btc at 50 k .A digital hope more expensive than phy Gold , not the time yet and probably not in this life (mine)! So enjoy this opportunity to buy more bitcoin between 20 -16k could be under 10 k let see , just prepare your ammo , take a deep breath , btc need to breath the rally since 10k is not very very clean , stay safe . Follow me and hit the like , my previous chart is gold , do not believe the hype .
Short
by ValentinStragon
8
FOMO still hold around 50 k Do not fall in the trap they want to believe in the legend this is the best way for large holder to sell discretely easy instead of big bag who would crash the game faster and create panic sell , all the fake trader entertain the legend and fake mantra here and on social network . That is is a shame that you know how to deal with Fibonacci and you do not take a minute to understand the world you live in . Lazyness of the mind and greed are you worst enemy's in this life , so let greedy people buying air at 50k , block chain is a revolutions' for banking system and network security that is all , most developed country use digital payment this is called visa , put you feet on the ground sometime people, tulips are great to make profit for a better life hope you understand me , without crystal guidance in this world you ll be eaten predators are everywhere . Take my words as the TA of your life .
COINBASE:BTCUSDShort
by ValentinStragon
2
3 techniques that will take your trading to the next levelHello traders, In this post I will briefly overview three important techniques in psychology of trading: - IMMERSION - EMOTIONAL REPROGRAMMING -ATTITUDE OF GRATITUDE Consider these three point, practice them every day. You don't have to spend plenty of time on these - at least half hour per day. Your psychological aspect and overall understanding psychological level of trading will shift and you will become better. Remember, consistency is they key no matter what. Good luck.
BITSTAMP:BTCUSDEducation
by Sharkethics
Trading with WRONG expectations... #1Almost all traders understand the concept of a drawdown - a period of loss making. A trader is not going to have a 100% trade win rate - there will be losing trades - and there will be times of consecutive losing trades. For some reason, despite understanding this concept, many traders don't ACCEPT this concept. Let me explain... As soon as a trader hits a drawdown, the reaction is panic or discouragement. The following statements could flood the mind of the trader... 'The strategy is not profitable anymore' 'I need a more profitable trading strategy' 'I am going to lose too much, so I will reduce my position sizes' 'I need to increase my position sizes to win back these losses' 'I am so angry, I am going to risk all that I have left in my account' In other words, the trader becomes emotional and let's his emotions determine his trading decisions. This will always result in long-term failure. Conclusion... Accept that drawdowns will happen and expect drawdowns to happen, because they will happen!
Education
by Samuel_Morton_Trader
13
BTC - How to survive the dropHere is a quick update on BTC to help you understand how to deal with these drops, which can be tough mentally! Whenever you see a big drop, ZOOM OUT! As simple as it may seem, it works wonders. As we can see here, we have had several dips, this dip, although this one being aggressive, it is nothing we haven't been through before. When the panic sets in, ZOOM OUT! These corrections are healthy and provide longevity to the bull run. Yes, this is a bull run!
BINANCE:BTCUSD
by TheicemanFX1
3
ETH - How to survive the drop Here is a quick update on ETH to help you understand how to deal with these drops, which can be tough mentally! Whenever you see a big drop, ZOOM OUT! As simple as it may seem, it works wonders. As we can see here, we have had several dips, this dip, although this one being aggressive, it is nothing we haven't been through before. When the panic sets in, ZOOM OUT! These corrections are healthy and provide longevity to the bull run. Yes, this is a bull run!
BITSTAMP:ETHUSD
by TheicemanFX1
1
The Collective Unconscious, the Artist, and Bitcoin-- Warning -- Big post inbound! The most important piece I ever wrote. -- Warning -- Paradigm shifts may occur in reading this piece. Please know it comes from a sincere heart, and even if I am wrong - just know it comes from a place that deeply cares and loves you dear reader. This content has nothing to do with Technical Analysis or Fundamental Analysis . Although it has everything to do with what made me go ALL-IN on crypto last year, and why I am still 100% long and have not taken any profit off the table yet. What I can say is that this is one of the most important ideas I have ever wrote, and I am pulling it from my deepest core of being. Please enjoy. Introduction: It was through observing the fine art market evolving in this latest era and its themes touching on augmented reality and crypto I pulled the trigger on accumulating as much ETH and BTC as I could last year, to the absurd point of only having $800 left in my checking account. Gentleman I went all in, and yes you know I adore technical analysis and that had good underpinnings along with all the fundamental analysis I shared - but this is why I went all in with full risk. I have attempted to explain the psychology/philosophy of what I observed and am largely falling on deaf ears so I figured for the brave of heart a lengthy explanation making a case for how the artist predicted the future of what would happen with Bitcoin /Eth, just as they have always done for millennia. In the Eastern World this content will be much better received as I fear the rampant marketing and trivial and toxic entertainment has turned consciousness off a bit in the Western World where my heavily cited and important points may look fringe, but are entirely steeped in reality. I do not want to come off combative, nor do I want to sound woo-woo. This content was not written for those entrapped in fundamental beliefs. I respect you and what you believe and am well aware you deprive deep meaning from them that, as far as I am concerned, I am not trying to upset you or write this love letter to you. I am not trying to debate, or change anyone's opinions, I strictly want you to jump in my head if you dare and hopefully provide some enlightenment for the openminded. I'm ok if you disagree, in fact that is healthy, but please be sure to read my citations first before arguing. The Collective Unconscious, Artist, and Bitcoin For the intellectual not afraid to trailblaze into truth, this dear friend is a love letter for you. If one embraces being steeped in the two greatest humans to ever live: Nietzsche & Jung - you discover their observations of the collective unconsciousness and its relation to artist especially. The collective unconsciousness manifest itself in many ways, an example is the collective work that has outlived kingdoms and civilizations and influenced men to behave as saints and monsters - the Bible is one wonderful example of the collective unconsciousness. (35-40 authors written collectively in a span of 1,500-2,000 years with radical & various ideologies interpreting the collective work differently & pulling similar and different values out of it. With collective decision makers, not the authors themselves adding and removing books from the Bible during its various cannons throughout history.) With people wrapping their entire identity and decision making, and values entirely based off interpretations of others of the collective and their thoughts of the meaning behind the collective text. The internet certainly is an alternative manifestation of the collective unconsciousness. We are creating something beautiful and terrible, ordered and chaotic, similar to ants collectively building ant mounds - each of you are nodes in this machine. And this entity will live on far longer than us dear friend. Carl Jung taught us that the collective unconscious possesses individuals with various archetypes that then dictate the behavior of the collectives' proxy "flesh body". This is indeed much more pronounced when people are not self-aware, as they will be piloted much more on autopilot. It is not a good or bad thing, it is frankly being human and different archetypes possess the avatar of the collective at different times. This process is very similar to anima/animas possession as well. So, moving forward, I want to focus now on one archetypal character specifically - the artist. What I would venture is that the creative possession within artist of this latest era, manifest reality in advance, the reality of what the collective is to yield in the future. Artist get possessed by their “daemon.” Many of our greatest minds were aware of the daemon including Socrates, Nietzsche, Jung, Gothe, Schopenhauer, Picasso and many more. (Citation below) This daemon uses the human vessel to create the greatest achievements of humankind. The daemon is a manifestation of the creativity of the collective unconscious pouring itself into creating a meaningful work of art - something that actually matters. If you live your life with meaning and purpose and you listen to your consciousness you as well can do something wonderful for mankind. Something that aids the collective/society/culture as a whole, and the artist foreshadowing in particular enables society to prepare and brace for great or terrible change. Life is dynamic, and just like the stock market it is continually in a state of change. The daemon now my friends on a collective scale when viewing radically different artist working in different genres is fixating on crypto/augmented themes. The collective unconscious is using the artist to prepare us for great change. "In all chaos there is a cosmos, in all disorder a secret order. Every civilized human being, whatever his conscious development, is still an archaic man at the deeper levels of his psyche" - Carl Jung Living in a state of ‘being’ – one of embracing the dynamic changing nature of life is not common, so the artist prepares those around who are embodying other archetypes. There are well documented examples of this by Carl Jung particularly in the forward of "The Red Book" The application to here and now and to us as investors, traders and fathers and sons is that if you scour the fine art auctions the daemon is possessing the artist collectively now into yielding symbolism of Bitcoin and Ethereum in poetic and providential (collective) esteem. Examples will be cited in a separate section below. I am **NOT** advocating purchasing these works or trying to market them and these auctions are already are closed, I am simply trying to bring awareness to the new Fine Art era themes, art has evolved and is telling us an important truth if we listen and looking and feel closely. This shocking revelation, that the collective was indicating through artist that crypto is coming, impacted me to my core far more than the technical & fundamental analysis , this was one of the upmost influential voices in my consciousness when I decided to rotate every penny I owned into crypto last year - prob driving my saint of a wife a little crazy with me -thinking I was a madman. Then again, she is well aware of when my daemon strikes and still loves my ‘crazy’. As the daemon is me at my true form. The daemon is the embodiment of our soul. The creative daemon (again not demon) possess the artist to such an extent that until the creation is manifested the daemon will not let up. As the daemon is actually what that person truly is – it is their true ‘soul’ it is their purpose. Together we can observe the daemon has been possessing the creative artist collectively and the theme of this entire era in fine art is crypto. The symbolism has deep meaning, and the artist are willing into being a force they are not even largely self-aware of. Perhaps I am wildly wrong, but I sincerely believe this - as I can observe the manifestation of it. To say this topic is deeply meaningful is a large understatement – as I am talking about MEANING itself and what the subjective state of being human even entails. Sadly, only a small fraction of ppl will be aware of what I am even talking about or will appreciate what I am trying to communicate. I view them with empathy but just as they are slaves to their unconscious mind, the best modus operandi in tackling your own daemon if you can hear it – is to bend the knee. Not trying to sound preachy. I say this because I love you dear friend. But be a vessel of great cause and meaning in a world full of suffering and chaos. We are all nodes in a vast network and what you do, and what you say has deep meaning. Try to ease the suffering of others and listen to that voice of reason inside of you, and then let go of the wheel and trust your true self – the daemon. I am sure we can all relate to those moments of flow states where you awake out of the trance having built something glorious and meaningful and you wonder where and how it came out of yourself. Tap into that regularly and exercise it just like you exercise other muscles. Books will be written on this someday and new jargon will be necessitated to describe this new era of art and consciousness. This will be magnified when man eventually merges with tech with faster inputs (like Neuralink), rather than this current archaic tech of phones and pc’s when we are chipped the processing power will be far superior and the content and expressions ever greater. We will eventually merge with the collective unconscious through the internet, and we will build something glorious. I would even anticipate that we will get to the point where the inputs into the collective unconsciousness will enable us to upload our consciousness directly into the metaverse where we can live on & on till our host star dies and we rotate autonomously to a new one. Just as Nietzsche and Jung stated- man has evolved over millennia, we are not done our evolution yet. And we have base impulses from our days in lowlier states, as Jung as has proved the shadow archetype is within us all and is a friend & foe. The simplest scientific fact check of this continual progression of evolution is just simply researching the Flynn Effect. In summary, the general jist is an artist has free will sacrificed to his creative consciousness (again Socrates, Schopenhauer, Sartre, Camus, Jung, Nietzsche call it the Daemon). The creative force is a manifestation of the collective unconsciousness and manifest truths far deeper about the human state of being than one gathers from the sources of media of the herd: television, pop music - etc. My final comment to you who have had the courage to venture this far, “To die is to go into the Collective Unconscious, to lose oneself in order to be transformed into form, pure form.” - Carl Jung A beautiful quote and a theme we can observe in every single mythology from the Samarians, Mesopotamia’s, Egyptians, Norse, and the Greeks – the image of the phoenix dying to itself in a state of suffering being reborn and then tackling the chaos in new form. The image of Jesus Christ dying for the suffering of the world being reborn taking on the suffering of all man. Die to yourself and your tribal beliefs. Do not settle dear friend for mediocrity, and trivial entertainment or toxic political tribalism. Be your pure form. “Share in suffering as a good soldier of Christ Jesus. No soldier gets entangled in civilian pursuits, since his aim is to please the one who enlisted him.” - 2 Timothy 2:3-4 Do not fret on the affairs of man, “Your vision will become clear only when you can look into your own heart. Who looks outside, dreams; who looks inside, awakes.” – Carl Jung Listen to that voice in your head, your consciousness and be your purest form – dying to yourself and being reborn anew is a necessary step in the road to self-actualization. Debrowski said this was necessary and the only way to get through “positive disintegration”. If you do not heed my words your life will be stagnate. It is our duty to future generations to be shining beacons in our place within the network. Shine brightly in pure form. Do not worry about the herd around you. They are all in a slumber. Love them anyway and stay humble, but above all be true to yourself and embody your pure form. If someone asks you what is your essence? Just like a an apple tree apples, or a hammer hammers, or an axe chops - your essence must be clearly articulated or you are a rudderless ship in the suffering seas of life. Sarte said "Existence precedes meaning". Our souls are plucked from the unconscious and cast into an environment of chaos and we must pick our own meaning! Just because we are born with self awareness does not entail that we have meaning. We must purposely chose to live a life of purpose with values we create or discover within us. Nietzsche said we create them, Jung said we discover them - all I know is that we are in the drivers seat for willing them into our being. When an artist does this, they become one with their daemon. They enter the flow state and create works of immeasurable beauty, and value. The fact we as humans have aesthetics period makes this whole lot in life bearable and glorious and purpose filled. In my youth I had my bouts with nihilism and depression, and this my friend is the only cure for those of you that have toppled your inner idols and want to seek truth and be your self actualized fully realized being. This state of being is the most glorious way to tread through life. Riches, trading - all we are doing is building sand castles my friends! Since we are already playing the game, let's build glorious sand castles but let's focus more so on being true to ourselves and easing the suffering of those around us. Bitcoin & Ethereum will change the world for the billion people on the planet that do not have access to banking infrastructure. If we can fix the money we can fix the world. It will never be perfect, but if we live our lives with meaning we will find shiny diamonds along the journey and can bring about as close to heaven on this planet. But to do this - be your fully actualized self. Do not waste time watching garbage media, and toxic political pieces, listening to vile pop music - be removed from the herd. Be your true self. Invent yourself. “The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.” – Nietzsche "Let everyone sweep in front of his own door and the whole world will be clean." - Goethe If you are one of the rare souls who got to this point and found it helpful please be sure to like and tell me what you think, and be sure to read the citations provided below. If you are in unison with your daemon please share your experience for me and the community so we can all learn from it. Academic Citations on Consciousness: • "Genius spirits and the mystery of creative inspiration" wellcomecollection.org • "The Artist Who Glimpsed Carl Jung’s ‘Collective Unconscious’, And What We Did to Her" medium.com • "Pablo Picasso’s Idiosyncratic Genius" www.newyorker.com • "How to Find a Purpose and the Psychology of the Daemon" academyofideas.com Art Examples: These are not investment suggestions in any way, as the art market is radically volatile, I just want to source concrete examples: • "Freedom" - Sold for $47,057 superrare.co • "Fiat vs Bitcoin: Nutcracker." - Sold for $12,716 superrare.co • "Glitch ETH" - Sold for $2,055 superrare.co • "Goddess_022: New Money" - Sold for $3,583 superrare.co • "Ecumenopolis: Sector 1 NYC" - Sold for $47,057 superrare.co So in closing, the artist are soothsayers - but then again are not all of us using the tools of Technical Analysis only now a mild step above from the fish bones, stones, and frog legs of old. ;) I wish you nothing but blessings and good fortunes! Seriously though I bet hardly anyone will get to this point of the read, please be sure to like it if you found it helpful as I really am being vulnerable in my love letter to you dear traders.
BITSTAMP:BTCUSDLong
by ZenMode
66
How far will GBPUSD go?The movement in GBPUSD is very definite and long. The last buy opportunity was on Friday at 1.38, and we are now heading for 1.40 The level of 1.4000 is psychological. It has not been reached since April 2018. Usually these levels are a time when most buyers will reap the profits. This is a good time for those who have buy trades to close. And also, if we tend to trade against the main movement, we can look for sell. It is good to see a pin bar for entry into sell, as we would expect a normal correction to 1.3900. If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
by ForexTrendline
Bitcoin Breakdown: Psychology and VolumeBTCUSD has put on a show finding new highs over the course of two days. What sparked this large move? Well, part of it can be accredited to Tesla announcing that they were buying $1.5 billion dollars worth of Bitcoin. Crypto is no stranger to the wonders of Elon Musk and this was likely a huge pull for a lot of investors. There is a lot that can be taken away from this rally and there are some observations I made and would like to focus on, volume and psychology to be exact. 1st Observation: Volume on the break of 40k. Last time bitcoin had a large run up, 40k was hit and blown through very rapidly and prices quickly made their way to 42k within the same night. We see similar volume in both of these situations where the prevailing demand creates these long green candles and the volume to match it. 2nd Observation: Pullbacks at Psychological Price Points. While 40k had no problem being broken as price has experienced buying there prior to this run, it is interesting that at 42k, the former highs, Bitcoin began to experience some turbulence (see 2. on chart). Buying took prices more than $1,000 over former highs, but there is brief moment where the rally looked as though it might have been coming to an end. A huge pullback occurs and the price of Bitcoin briefly breaks under 41k. Shortly after, there is some absorption from buyers to take the 15 minute candle back up where it closes above the former highs. Going back to January 8 when these highs were made, there was a similar psychology surrounding 40k, price broke above 40k briefly only to then have what appears to be a rally ending downturn, followed by a quick buyback. Conclusion: The prevailing bullish sentiment towards Bitcoin continues to astonish me, and as I watch this rally in awe, I only hope to guess what is to come next. However, what can be observed can be the edge needed to make wise decisions while investing and trading. In the wise words of Warren Buffett, "Risk comes from not knowing what you are doing."
BITSTAMP:BTCUSD
by crawfordpaul
2
Market moves and it's PsychologyThere's a great image available if you just search in Google - look for "The Wall Street Cheat Sheet" - Markets move in cycles, which is built on human emotions. There's plenty of research available on this. If you look into anything like Elliott wave theory, Gann fans & boxes, Wyckoff or simply Fibonacci, you will find (in the end) it's all based on the psychology of human behaviour. Driven by greed, fear, stress and euphoria. Understanding this will help with the very fundamentals of trading. With proper risk management applied, traders can profit from the market with a shoddy Hit rate. Providing their edge is accompanied by good risk management. How often have you been in a losing trade & moved the stop loss? Added to the position? Or in a winning trade, bailed and seen the price move another 10, 20 or even 100 pips in your direction??? Below is a set of images breaking down the market moves in simple terms. For clarity ***This is NOT an in-depth breakdown of strategy, it's not the correct application of Elliott, nor Wyckoff. It's a simple post to get you, the trader thinking beyond just the trade ***. This image above shows the emotions as per the Wall Street cheat sheet. (Go google) Apply some logic to the chart - Look under the hood. Here you will see a basic Elliott wave structure playing itself out. This can then be broken into smaller pieces, like this below; It's almost like going from a Telescopic view down to a magnifying glass. You can see the price move up & consolidate, price move up and consolidate. This is all about timing. Trying to breathe with the market, or at least understand a little of it's cycle. Same applies on the way down. Again, there's a lot of information available on the Bear moves over the Bull moves and how they have different characteristics. But not for this post. Now let's look inside the top - the consolidation of the peak. Think of as simply as - some people have made enough profits from the move up & are selling their positions in vast quantities. There is some great content available on Wyckoff and the theory of composite man. But even at a simple level the basics can be explained as follows; 1) Buyers climax - Profit targets hit. 2) Automatic reaction (lots of selling at the same time) 3) A move to the upside to fool people into going long & collect liquidity at a better price for a move down. 4) Range bound moves - market manipulation (collecting positions ready for the short) 5) weakness - a first test to see the response of the market - also to push back long collecting stops of the eager beavers shorting. After this there are a couple of concepts - but you get the idea by now. You will see this type of structure if you zoom in a timeframe or two. Inside of the structure you will see the list above and how it relates on a chart. Like I said, this is not an in-depth strategy or breakdown of Elliott or Wyckoff. It's just putting the pieces together and to show how powerful tools can be to understand the market cycles. Obviously there's much, much more to understand before you jump into a trade using either Elliott or Wyckoff. But I hope this helps. Please feel free to send questions & like the post below. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
BITSTAMP:ETHUSDEducation
by Mayfair_Ventures
37
Wall Street facing a new trading reality of Pump&DumpSubject: Wall Street and regular retail investors facing a new paradigm of market Pump&Dump schemes on their playground for the first time. Disclaimer: This Article and any Attachments to this article (if any), are not a Financial Advice and should be treated with decent criticism and a common sense. The Author of this Article is not a Qualified Financial Advisor, is not a Qualified Professional Trader, does not occupy any positions in Financial sector, does not share any Financial Interests within any Financial Institutions or individuals. The Author of this Article does not hold nor accept any financial and/or moral liability and/or responsibility whatsoever, for any events of gaining and/or losing any goods and/or capital as a result of consulting this Article. The Author of this Article takes it to his personal discretion whether or not to provide any additional confirmation and/or clarification on the contents of this Article except for those stated within the Article. This Article is only a representations of Authors’ individual opinion on a relevant Subject. Authors opinion does not represent an opinion of TradingView platform, and the Author is not affiliate with TradingView platform and any of TradingView employees by any means. If you disagree with all or any of Disclaimer statements above, and/or if you do not accept all or any of Disclaimer statements above, you should stop further reading on this Article. I. Introduction . Good day, TradingView community. It’s been a while since I’ve joined the platform, but I’ve never took my chance to participate in any discussion within this community. With recent financial events going really viral on media, and being a part of my favorite subject, I’ve decided to finally give it a try. And before you say something like: - “Hey, it’s easy to talk about this after everything is over!”, I will immediately appeal to you, claiming that: - No, it is not over, and there will never be an end to this. It is simply the first time your regular Jon Doe has found out about something like this from his newspaper, but it’s been going on for many years, happens at this exact moment you are reading this article, and will continue to happen in future. II. How did I get here ? I’ve started my way in financial world and markets somewhere back in 2016, when I’ve discovered the markets for first time ever. It took me two years of “looking over the fence” here and there before actually participating, and boy when I got in – I got in REALLY BIG! Well, not THAT big as you might imagine it, but it was certainly a good and valuable amount of cash for me at that point. So, I got my money on my brokers account, and guess what was my first goal? Duh! Of course, I want to flip that bad boy into some crazy 100x gains RIGHT NOW! If only I knew, hehe. The first thing that got into my attention were Crypto currencies. I’ve been so obsessed with the potential gains and ease of access and the variety of the markets, like, there were HUNDREDS of opportunities with hundreds of various coins happening every single second – I thought back then. And I got in. I did not just open a position, I got 100% of my account into Stellar. Why Stellar? Really, I don’t know. At that time, I did not know anything about charting or risk management, or money management, or had any trading strategies set in place – I got nothing. I just looked at the price graph without clearly understanding what’s going on, and just bought it. You probably heard already about the “beginners’ luck”, don’t you? Oh yeah, I got mine as well! Somehow that purchase has made me TWO HUNDER US DOLLARS IN PROFIT in a manner of few months! Oh boy, that amazing feeling of making the money from trading for the first time ever! But that was just the beginning. That was just the predator tasting the blood for the first time ever, and you already know what’s going to happen next – there is absolutely no force in this universe that will make you stop at this point! At this point of time, you are an immortal demigod, you feel like now you own this place, now you own the market, you have cracked the code to an infinite wealth and prosperity! III. As greedy as a pig . But what is two hundred dollars? Well, I can probably pay some small portion of my monthly bills with that, or get a monthly sub with TradingView and some pizza, but it’s really nothing special, come on. I WANT MORE! AND I WANT IT RIGHT NOW! So... I’ve started looking! I’ve started looking for any possible ways to double or triple my deposit the fastest way possible! I’ve started reading various financial web-sites, and forums, and communities, and eventually I’ve ended up in Telegram messenger communities, various free and paid “Signal groups”, and “Pump&Dump” groups (I’ll just call ‘em “P&D”, okay?). I’ve been getting into this so rapidly and with such excitement, that in a manner of weeks I’ve been probably exposed to every known scammer and P&D group ever existed at that time. I’ve been participating in pretty much everything. A shower of losses could not stop me no matter what, because of that ongoing euphoria from the first winner I’ve made! First, I’ve lost roughly 30% of my account, but you think that would stop a market demigod? Hell NO! Get that cash flow running! I’ve refilled again and again, maintaining the initial deposit value. But that’s gambling – some might say. Yeah, probably it was the gambling at that point, but you don’t really understand that when it’s happening in real time. And at some point, it happened. A huge devastating SINGLE trade loss of -60% of my entire account! I’ve got many losses at that point, but never did I have such a huge loss over night on a single trade. You think that would stop me? Nope, it didn’t. Instead, I’ve started getting involved into even more risky schemes to double that remaining deposit and get back what I’ve lost. Until finally it was over for me. I’ve been sitting there with barely 5% remaining on my account and thinking that my way in trading is now officially over. That was it. My first even blown-up trading account, huge depression and the lost of faith in trading. IV. Something doesn’t feel right … But, wait. There’s something weird going on here. Whenever I try to tell other people that I’ve lost all my money with scammy group administration, my messages are getting deleted from the public chat and instead this whole place is spammed with some weird positive reviews with some random people endlessly talking about making a fortune here! What? How is that possible?! Who are those people?! And I try again. And again. And again. And all of my messages are being deleted nearly instantly without any clarification, until I’m getting banned and removed from the group all together! Ooh! So that’s what’s going on here! So that’s how you are luring new people in! You are using bots to spam positive reviews and you delete and block anyone who are your actual victims! And you ALSO pay to other groups to advertise you for money to get more and more fresh meat and money into your pockets! Now I get it. Now it’s all perfectly clear to me. I’m taking out those tiny remains of my capital back to my bank account and I give my word to myself to not touch the trading terminal until I actually learn this thing… The year is 2019. V. Present time . Oh wow! Some random stock is going so viral on the media, that I’m getting a news article about US Equities in a crypto news feed! Oh boy, I’m definitely going to check that out. My god! What are those? I’ve seen those before! Those HUGE PILLARS OF P&D! What? This can’t be real? This is a US stock market! A “social media group” is standing behind all this? Waaaaait a minute! I’m getting into that social media named “R” around Jan 27, and what do I see? Jesus Christ, the place is literally flooded with BUY-BUY-BUY spam! Not a SINGLE topic talking people into some common sense or managing their risks! EVERYTHING that goes against group agenda in getting instantly deleted! Hohoho! I know that. I’ve seen that. I’ve been there myself. I’ve lost all my money there. And now this thing is everywhere – on Twitter, on YouTube, on TV. Wow! They’ve really grown-up at this stage! Hmm, let me try to set up and account, and to actually talk to people there, who claim to be taking loans to get into this P&D and risking their life savings. What? My posts are getting deleted for violating the “community rules”? My account is issued with warnings and gets blocked from ever posting to that group? Ha! I’ve really seen that somewhere already! VI. In conclusion . Schemes are always the same. Bots and censorship are always the same. It’s been happening in Crypto markets for many years now, and finally it got its hands to Wall Street. Media is now making a really big of a deal from something that has existed for so long, but has never touched your average Jon Doe via newspapers or TV. I’m transparent and I’m honest about my stupid actions, and I’m not shy of my losses. But I’ve learned my lesson. I’ve learned it the worst and the hardest way possible at the very beginning of my trading experience. Really glad I was able to recover and to get to the current point of my trading career. But how many of those victims will recover? How many of those victims will learn something or get the message? I’m really sad to see a lack of trading educational materials on risk management or trading psychology. And if there are any, people don’t care about them. People just read things that claim to make them rich overnight and nothing else matters. I’m generally grateful to everyone investing their time into reading on my story and my thought on the current situation. Thank you very much for reading! I have many stories to tell and a lot of true experience to share. Please, let me know in the comment section if articles like this one are even worth of your time and if you would like to read more from me on the subjects of trading psychology and risk management? Regards
NYSE:GME
by REKT04K
GME Pure RETAIL Manipulation at its best !!!I really feel bad for all the newbies in here getting sucked into these scams. Really... there is so much misinformation out there hurting people's lives. I've been a trader for over 15 years and this is probably the biggest scam I have ever seen in my trading career. Do you guys really think you can manipulate the markets ? Think twice... big money wants you to think you can, the media wants you to think you can... in reality you cannot. The majority of the hedge funds and institutional entities have very deep pockets and are manipulating the crap out of the markets and you. Don't fall for this. You will never over power big money unfortunately, but you can still be a profitable trader through study on yourself and hard work. This game is rigged and will always be, accept that. The hedge funds are not your worst enemy... unfortunately you are, the same why I am my worst enemy as a trader. The only way to trade profitably in todays market is to learn how markets are being manipulated.
NYSE:GME
by LiquidityTracker
5
Should I Hold Longer Or Close With Profits....?Hello Traders 🙋‍♂️ I wanted to go over a valuable lesson in market psychology that I have learned repeatedly in my own experience. This is not an 'end all be all' strategy , advice, or lesson but perhaps an idea that you can take and make it what you want in your trading analysis. Its really easy to theorize about markets and what they should do, wether its a pattern your following, indicator, or institutional concepts. We can all look at charts and spot gigantic moves and think "WOW! Imagine those profits you could have had!" , in fact we can see this daily in our pursuit of our trading goals. But the reality is that in the exact moment of being in profits nothing is guaranteed! How many times have you said to yourself "Self - I'm holding this trade till the end of time" when your up 20 pips, only to have to smash back down and either stop you out at break even, or even worse, go negative and hit your stop loss? My guess is that if your reading this (or writing this) then the answer is all too often 🤣 So here is a solution... Psychology 1) Just agree with yourself that consistent and steady profits is better then "what if" 2) Find your signature exit for how you trade - "When do I know for certain I should close all positions" Practice & Reality Since its pretty easy to catch 20 pips in the FX world you should capitalize on this and take it over and over and over , compounding your profits, and minizing your losses (assuming your strategy is profitably) and to satisfy our greed and "what if" then leave a small partial open to see what happens, which leads me to the third and final part of this solution.... 3) Close 90% of your position at 15-20 pips - Move stop loss to break even & Leave 10% open for "What If" and to satisfy our greedy side. Making this agreement with yourself can and will increase your profits! I have written this statement 1) as a note to self after this week I "Could have had" 65+ pips , and 2) as an idea to myself others that its ok to make a living picking and chipping away at the huge mountain of gold in front of us piece by piece, rather then all at once I hope you find this useful, if you do please give a thumbs up and follow for more!
by renegadeforex
2
Psychology For AllLet's face it COVID has been challenging for many people and someone reading this might need a pick me up! This is a different post related to the noise coming from the media. I am here to share three stories related to trading and investing... stories of success trusting your gut not the noise. My Bitcoin Story... In 2017 I tried the online game second life, not by choice but was doing research regarding the construction of these virtual communities. A player showed me how she was building homes for people and being paid in Bitcoin. I was blown away and was always searching for a side hustle. I began to build and collect BTC as a hobby and something I began to enjoy (always was a gamer..still am lol). I was fascinated by the DW at this same time. I did not invest in stocks and did not even have a trading account at this time... only GIC... I only bought and received bitcoin. I never ever thought Bitcoin would appreciate the way it did. Since then I sold my BTC at 18,000. I have bought back twice since then once in 2019 when it went oversold, and again during the COVID sell-off. FYI I am out for now but still own my second life coins I cherish as a memory now. A year or so ago, the motley fool paid service issued a "sell" alert on TSLA when the share price was around $175. Anyone familiar with the Motley SA services knows it is pretty rare they issue a sell alert in the paid services. I sold my shares a year and a half later for over $1,000 before the split. Citron, here is a story. I have owned many shares of Shopify since the beginning as I felt I knew this area well. At around $190 Andrew Left short Shopify “Left is so convinced that he is right about Shopify that Citron has pledged to donate $200,000 to the Robin Hood Foundation, a charitable organization if Shopify is trading over $200 in 12 months.”.... lol my shares are in a better place now well over $1,100. These guys play dirty do not listen to any free information. Still have yet to see the donation... My biggest gains have always involved some Pepto and lost sleep. It is always easy to look back and pump your ego but I look at my journals and this was far from the case at those exact times. Think outside the box, trust the process, and most importantly trust yourself over everything and everyone! People will always hate on you if you win or lose. Sadly jealousy is the most overused emotion. “Failure will never overtake me if my determination to succeed is strong enough.”
NYSE:SHOPEducation
by KML6