Have You ever dreamed to become a popular trader?😊Hello, Have You ever wanted to become a popular trader?
Have you ever wanted to become famous like Jesse Livermore or, say, Larry Williams? Or do you think that success loves silence?
Scientists have calculated that, to one degree or another, 70% of people dream of fame (at least sometimes). That's, by the way, is a natural part of socialization.
Here is what the famous American sociopsychologist Orville Gilbert Brim, who studied the nature of fame and ambition, received:
📌 2% of people dream of becoming a celebrity is their main life ambition;
📌In another 30%, the desire for fame is among the main desires;
📌 for more than 40%, the idea of becoming famous appears from time to time;
📌And only the rest (which is less than 30%) do not care about fame.
So if we take three traders, then two of them will dream of becoming the "powerful trader" about whom will make legends.
Is it good or bad? 🧐
Evolutionarily, the desire for broad personal fame is a socio-psychological mechanism aimed at improving the human race.
Great people drive progress, and society rewards them with emotional benefits - reverence, worship, etc. In theory, everything should be cool.
In reality, the pursuit of fame can take various forms:
🔎constructive ambition;
🔎non-constructive vanity;
🔎various pathologies.
For example, if you wanna be one of the famous millionaire traders, ambition can be a good motivating fuel and will help you grow professionally.
But the lust for fame can also ruin a trading career.
The problem is, that you can't become a famous trader right off the bat. Let's be frank: worldwide fame is for few. Even in order to gain professional recognition in a narrow circle, you have to work hard.
And then the subconscious begins to throw in options, insidiously whispering:
"It's okay, that you lost three deposits, took five credits for trading and lose 11 times out of 10. Start a YouTube channel and tell everyone how cool you are!"😉
There is no benefit from such activities. Success is doubtful, and in the worst case, you can even earn the fame of a bla-bla man and be known as an unwise person. But even this is not the most harmful thing.
The main problem is that the pursuit of fame is a waste of time and effort.
🔥 A trader chasing emotional illusions ultimately reduces his chances of becoming a professional and gaining real recognition. 🔥
The desire for fame corresponds to the fourth stage of Maslow's pyramid - this is one of the forms of the need for respect / reverence. I already made a post on this topic, I'll leave a link for those who have not seen👇
But it happens that the thirst for fame grows out of completely different needs. Such pathologies include:
🔎Lack of love, which a person tries to compensate with popularity.
🔎The conviction that fame will solve all existing financial, household, social problems.
🔎 Feelings of inferiority.
🔎 Revenge arising from feelings of inferiority.
🔎Envy.
In all these cases, there is a substitution of pathological adequate ambitions in life. And the pursuit of fame in an attempt to satiate jealousy, raise self-esteem, etc., takes away resources that could be used to achieve really important goals.
🙏 "I was just doing my job" 🙏
Real recognition comes when a person is on the seventh step of Maslow's pyramid, symbolizing the need for self-actualization. Simply put, is engaged in life's work.
One beats, beats to achieve fame, while the other just works quietly, creates, does something there - and recive glory on a silver platter. Although he may not have expected it at all.
In general, everything is simple: do the job, and the rest will follow.
By the way, psychologists warn that if the desire for fame becomes the leading motive of activity, then it's - "blocks creativity and destroys personality."
This doesn't mean, that you are forbidden to dream about how you will become a famous trader. But this dream should not be the main one, or only one.
By the way, how can a trader become famous? From whom take an example? After all, the paths of glory are so different.
For example, you can gain fame:
🔥demonstrating inspiring examples of the play of the mind and the ability to rise after defeat, like Jesse Livermore
🔥revolutionizing stock trading like Charles Doe and Edward Jones;
🔥breaking stereotypes, like Linda Raschke, who became one of the first tough women traders;
🔥becoming a champion in trading and writing a bunch of books like Larry Williams;
🔥deceiving Hitler and becoming one of the main figures in CME history like Leo Melamed ...
🔥And some are overtaken by the glory of Herostratus - like, for example, Nick Leeson, who in one fell swoop swung over a billion and ruined Barings Bank, which entrusted him with money management.
I wish each of You - happiness to do something, that really brings You joy, because:
SUCCESS IS NOT THE KEY TO HAPPINESS, HAPPINESS IS THE KEY TO SUCCESS!
If you love what you do, you will be successful!
Always keep it in Your mind and don't forget about Rocket Bomb 🚀💣
💙💛
Rocketbomb
Bitcoin & Rocket Bomb's view 🧐Hello, dear traders! I think all of Us tired of this correction 🤪
Let's see a little history of BTC from Dec and try to drew some conclusions!
From December BTC raised up to 200% . First correction we saw after 117% growth and it was 29% after that we also saw growth up to 82%. Next correction (we are still here) already 27%.
During both correction the price formed falling wedges - the exit from it - UP according to TA rules .
I think, that soon we'll be able to see the end of correction and the price will slowly go up!
Did You agree with me or You have another opinion?
Share with me in the comments
Stay tuned by Rocket Bomb 🚀💣
My previous chart 👇
Bitcoin: Up or down?Hello, traders!Who interesting in Bitcoin next price movement, let's look at daily chart!
We can see that this time we also forming an ascending triangle.
These patterns of technical analysis are distinguished by some “deceit”, be careful working with them❗
That's because during their formation it's rather difficult to unambiguously determine in which direction the price impulse will follow - up or down.🤷🏻♀️
Great importance ❗is what trend preceding the pattern formation.
So,🔥 if the ascending triangle was preceded by a bullish trend, then the trend will most likely not change its direction.
The most probable scenario of the price movement after completion of the formation of the Ascending Triangle - is going UP.
Going DOWN- less likely scenario, but shouldn't be ruled out.
Thus, in most cases, the “Rising Triangle” is seen by traders as a bullish pattern.
The appearance of this figure usually indicates consolidation (which good for alts growth ) before the resumption of the upward movement.❗
MACD. Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom.
I hope, my chart was helpful for You ♥️
Thank You for supporting! Appreciate each of You😊
💋
Stay tuned by Rocket Bomb 🚀💣
Using MA on BTC's example!Hi! Moving averages are one of the most popular technical indicators. They have various types, but they have one purpose - to determine the current trend by smoothing out volatility and noise. Let's look how MA works on price movement of BTC!
The crossing of the slow MA by the fast one from bottom upwards gives a signal to buy, from top to bottom - to sell
- The simplest form of a moving average is known as a simple moving average (SMA). It is found by calculating the arithmetic average prices for a certain period of time;
- Exponential Moving Average (EMA) assigns more weight to the latest data, which is why it is more preferable;
- The main functions of moving averages include identifying trends and pivots, as well as support and resistance levels;
- Moving average can be a risk management tool. Thanks to it, you can set a stop loss and cut a losing position;
- The most popular moving average signals are their intersection with the price or their intersection with each other;
- Crossing of the moving average price upwards gives a signal to buy, downwards - to sell;
- Moving average signals can be false when pairs are trading in flat or when a gap forms;
- Moving averages should be combined with various indicators and oscillators. So their signals will be more accurate, which will lead to the opening of profitable positions.
Hope My post was helpful for You♥️
Stay tuned by Rocket Bomb 🚀💣
NEO still looks great!Hello, today I'm hard worker girl, support with like&comment my enthusiasm - I would be glad!♥️
Let's look at NEO / BTC still in good buy zone 💪
A strong buy signal will be the cross of MA 100 with MA 25 from top to bottom! You can find another example of such a signals on the chart!
Take profits targets You also can find here ♥️
Stay tuned by Rocket Bomb🚀💣
ETH/BTCHello! MacD indicator shows a good buy signal on ETH / BTC!
Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom.
The larger the timeframe (the time period of one chart element), the less false signals will be.
Thanks for attention🧡
I will be glad to be helpful to You💋
Stay connected🤗
Your Rocket Bomb🚀💣
Ethereum / Dollar 💥on daily chart 🚀💣Hello dear Ethereum holders and fans of Ethereum!♥️
Wanna share with You my view on near future of ETH
Let's look at daily chart 👇
we can see a divergence (this type of divergence happens often and not works often). More about types of divergence You can read here 👇
As for MacD, it shows a sell signal ( the MACD line crosses the signal line from top to bottom). Time will tell us soon is it were wrong or right!
Happy to share with You my thoughts♥️
Stay tuned by Rocket Bomb 🚀💣
My previous posts on ETH
Ethereum / Dollar & Ethereum / BitcoinHi, friends! Welcome on my Ethereum update!
On the 4h chart we can see a breakout of falling wedge (on eth/btc) and triangle (on eth/usd). It mean, that you can put some buy orders in green zone and will wait for a growth!
Happy trading 💋
Stay tuned by Rocket Bomb🚀💣
Little history of BTC vs LTC🚀Hello, dear traders! Let's still see a little history!
Let's compare the bull run of 2017 using the Bitcoin vs Litecoin as an example!
You may notice, that during the growth of BTC, Litecoin was very quiet, and didn't attract trader's attention!
BUT on the last correction of Bitcoin (you can see the correction of Bitcoin on the left of the chart), it rised by 266% in a couple of days (growth of Litecoin - on the right side of the chart )!
What conclusion can be drawn?
Any altcoin needs to be analyzed by looking at its full history and both pairs to Bitcoin and to Dollar (LTC / USD and LTC / BTC) and don't panic at the correction of Bitcoin!
Stay calm and safe🙏
And of course stay with me💋
Sincerely Yours Rocket Bomb🚀💣
😱Types of Fears in Trading😱Hello! There are several types of fears at the market!
There are several main types of fear:
💡- fear of losing all capital in the account. One of the most common fears. The trader clearly understands that the numbers in the terminal are his money, and their reduction limits his financial capabilities in the future. Under fear of losing an even larger sum, a market participant does even more stupid things or even refuses to trade;
💡- fear of losing money in a losing position. Similar concerns arise during the transaction period under the influence of strong market volatility . This kind of fear is easily correctable;
💡- fear in time not to see a signal to enter or exit the market. More often it's faced by newcomers, who will not imagine what risks are in the trader’s deals and how to protect themselves from them;
💡- general fear of working on the market. It can act as a negative background and prevent you from making the right decision. Often, such fears are eliminated by gaining certain knowledge and experience on the exchange;
💡- fear of receiving another disadvantageous deal. Such fear leads to the appearance of excess fuss. As a result, the trader misses a really good deal;
💡- fear of early fixation of income (fear of loss profit). The position could still be kept open, but the trader reduces his risks, closes the deal and receives less profit. For many market participants, the fear of making such a “mistake” is even stronger than the fear of losing trades.
Guys, it's ok to feel all types of fears ! Especially for those , who new at the market !
Everyone went through that. Someone overcame own fears, someone is trying to overcome, but someone hasn't gotten along with emotions and left the market!
Remember, if you have a goal - go forward!💪🏻 Look only ahead and listen only yourself !🙏🏻
If you wanna become successful - you'll surely become that!!!🚀🚀🚀
Let's become better together ♥️
Stay tuned by Rocket Bomb 🚀💣
Maybe it's time to get out of comfort zone?🧐
Have you noticed, that one of the most comfortable sleeping positions is curled up in a ball. The legs are pulled up to the stomach, the head is lowered, the arms are hidden on the chest, the back is slightly arched. Cover yourself with a blanket and sleep. Warm, dark and calm. A sense of safety arises.
And the secret of this protective posture is in subconscious imitation of the fetus in the mother's womb.
There, in the warmth of the mother's womb, is the first comfort zone, that a person leaves when he is born. Subconscious memories of how comfortable, calm and good it was, remain with us for life.
If you wanna live, you have to be born.
For a baby, this jerk is extremely uncomfortable. You find yourself in a cold and unfamiliar place, and some monster slaps on your 🌰🌰 🤣🤣
After a while you want to eat and drink, and you have to do it yourself, and everything around is so huge, loud...really don't wanna repeat that.
Therefore, subconsciously, we always resist leaving our comfort zone. The experience has already been. Didn't like it!
But the stress mechanism, that is triggered during childbirth (and then every time you leave your comfort zone) is a protective function of the body. Stress activates the reserves of the body and brain, forces us to act more actively, to fight the aggressive world.
However, nature also took care of the reward.
If stress doesn't become constant, but is a one-time surge, that activates forces, relaxation and satisfaction follow.
So, we figured out the physiology of the comfort zone. Why going beyond it guarantees stress is understandable. Now the question is: <>
The birth of a trader
In fact, everything new, unknown and unusual is outside the comfort zone. Even if we go to the store in a new way - that's a mini-stress for our brain, forced to work out a different route instead of saving resources while the body is moving on autopilot. Any change of scenery, new job means going beyond the familiar world. And the higher the unknown, the more uncomfortable the path.
For most people, trading is terra incognita. Trading isn't taught at school, it's not taught at universities. Trading forces you to take responsibility. Most importantly, trading is always associated with risk.
Risk is danger and uncertainty, and the brain reacts accordingly. He begins to ask insistently: "Do you really need this? No, are you sure?"
Leaving the comfort zone and becoming a trader is also hindered by social stereotypes. First, society reacts negatively to any attempts to break the system, that is, to do something that goes beyond the standard life path: creativity, politics, business. Secondly, trading is one of the areas, that make most people wary (and statistics, according to which only 5% of traders achieve success, reinforce this feeling). So if you want to become a trader, you are already challenging society.
That's why the birth of a trader so often becomes a struggle with the usual way of life, basic attitudes, other people's opinions and yourself.
What happens, when you become a trader ?
Think your comfort zone problems will end? Nothing like this. Two ambushes await the trader. The first is the inability to cope with responsibility for your life.
The second ambush is stagnation. After overcoming difficulties, learning to trade and starting to receive a stable profit, the trader finds himself ... Right, in a new comfort zone!
After all, what is it? The comfort zone is above all stability.
But the calmness puts you to sleep. Periods of economic stability in history often turn into a stage of stagnation and stagnation. The same in human life. Psychologists Robert M. Yerkes and John D. Dodson established as early as 1908 that performance doesn't improve in a state of comfort. Motivation falls asleep.
In order to become a successful trader, it is not enough to leave your comfort zone. You may have to struggle with its attraction more than once.
Therefore, leaving your comfort zone, take care of your psyche:
✔️Pump up motivation. Be clear about why you are breaking the wall and whether you need it.
✔️Work through your fears so that the body does not engage in self-sabotage mode.
✔️Develop resistance to stress and brain flexibility. Choose non-standard routes more often - in the broadest sense of the word.
✔️Take care of insurance, think over different scenarios for the development of the situation.
If you feel that getting out of your comfort zone is difficult for you, do not take a running ram. Take small steps.
Have you ever tried to leave your comfort zone?
Stay tuned by Rocket Bomb🚀 💣
Bitcoin in fractals 🧿Hello, dear friends! This post is simply informative!
I know, that many people are very skeptical about fractals, so I try not to post them often, but I just have to share with you how this one works perfectly!
I noticed it long time ago, but I didn't believe, that it could happen again!
So let's take a look at the chart below!
You can see the previous correction on the left side and the current correction on the right side.
I just took the shadow of the price movement from previous correction and put it on the chart of the current one ! The same thing happened! I just couldn't believe my eyes!
Then I took the next fragment of the price movement (fractal) - and the same thing happened!
Will the fractal continue to work? We'll see soon!
On the main chart, I have drawn the approximate direction of the price of Bitcoin for the next week!It will be very interesting to follow!
My previous chart👇
Stay with Rocket Bomb 🚀💣
NEO still in the bottom! Hello, dear traders!😉
As You know I always focus on NOT overhyped coins!!For me, NEO looks good!😍
Now we will look at NEO vs USD and NEO vs BTC it can help us clearly understand it potential!
In BTC pair Neo still in the bottom, that mean, when it will start moving, NEO vs USD will do the same)
Keep an eye on it!Or make some buying)
Stay tuned by Rocket Bomb🚀💣
Bitcoin by Rocket Bomb🚀💣 15.02.2021Hello, dear friends!♥️
I hope you are waiting for my updates, because I'm hurry up to share with You my vision of the future price movement of Bitcoin!
On the left side You can see a very similar rising wedge formed, the exit from which was down according to the rules of technical analysis.
On the right side we can see a current situation and a very similar wedge that is still forming.
We expect a slight rise in the price, and then a correction to the yellow zone at the level of 41 -42 -43 thousand - these levels will be excellent for buying!
The price will continue going up and 50 -51 - 52k will be good levels for taking profits!
As for my short position 😱 from level 38,500 !!!🤦🏼♀️ My life last week is like Russian roulette !!!🤣
When I manage to win in this position, I'll definitely share with your experience, which turned my vacation in Egypt into Hell🤣
Thank You very much, dear Elon Musk!😃
How are You?Miss You much ♥️
Stay with Rocket Bomb 🚀💣
9 Golden Rules of Effective Money Management
1. Choose the correct position size.
The basic rule is one: don't forget to minimize your risk and correctly calculate position size in every deal.
For example, you can invest all initial capital in one trade. But why? After all, you can never be sure, that particular deal is guaranteed to bring profit. Many professionals use the "Rule of 2% " - when in one position a trader risks no more than 2 percent of him deposit. In this case, if the trade is closed at a loss, you'll only lose a small amount of money.
There is also an alternative approach, where the trader risks a fixed amount of money (for example, $ 5), that he would be comfortable with losing.
2. Don't trade too aggressively
One of the biggest mistakes is too aggressively trading . Even a small series of several losses in a row, with an incorrectly selected position size, can lead to a significant decrease in the size of your deposit.
3. Always set Stop Loss
Placing a Stop Loss order for each trade has practically no drawbacks, only advantages. Very often, traders become emotionally attached to their trades, which can be fatal.
For example, if a trade becomes unprofitable, an emotionally involved trader will not want to close it and will believe, that the price can still turn around and go in the right direction. Setting a stop loss helps overcome this problem. Thanks to the stop order, you can strictly control the ratio of profit and risk. You should always follow this rule, so that money management in trading gives you tangible advantages, and the deposit doesn't melt before our eyes.
This is one of the basic principles of risk control. Certainly not the only one.
4. Be careful with leverage
In the cryptocurrency market, many traders use leverage. It can be useful, but using it can also lead to huge losses.
As long as you rationally sizing your position and not using too high leverage, then you are fine, you are safe.
5. Keep your emotions under control
Capital management in the market full of emotions: from excitement and euphoria to fear and frustration. Try to free your mind of emotions - this will help you make rational decisions. The easiest recipe not to lose money is to take control of your emotions. All wrong trading decisions are usually made under the influence of emotions.
6. Take responsibility for your results (both losses and profits)
How to manage capital? First of all, with full awareness and responsibility. Traders must recognize, that their trades can be both profitable and loss-making. Assuming every transaction will be successful you can be wrong. A realistic trader knows that any result is possible and is ready for it, while accepting at the same time what the market will bring to him.
7. Manage your risk and avoid overtrading
A trader should get into the habit of analyzing all types of risks. You should zvoid overtrading, which is often the case for newbies traders , who don't have a plan. With such an approach, the attempt to stick to effective money management in trading often ends in failure.
8. Set the position size and take profit level
It is a key element of money management in trading. Before trading, a trader must determine:
🪄Position size
🪄Stop loss size
🪄Take profit level
9. Cut losses quickly and let profits grow
According to this money management advice, you should close those trades that lead to losses according to your trading system on time and get the most out of winning trades.
Enjoy your trading journey!
I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣
Bitcoin & Rocket Bomb's view 🧐Hello, dear traders! Miss You much! I just have to warn you and say what I think!
I have little time left for Trading View lately!🙁 But I try not to disappear and keep you informed of what is most important IMHO😘
STAY SAFE MY LOVELY FRIENDS!!!!
Falling will be very painful! Exchange lagging again!!!🤦🏼♀️ I'm tired of this!
🔥Now is the best time to find altcoins, that are still in silence !!!🔥
🙏I ask you to avoid news and hype coins - that's a trick so that you would lose money, because the price is pumped up by the news and tweets of influential people, while the big players are already taking profits !!!
I value each of you so much !!! Just be careful! Stay safe💋
FOMO all around here!💋AVOID IT!!!
Stay with Rocket Bomb 🚀💣
ALGO/ USD🔥by Rocket Bomb 🚀💣Hello friends! For a long time, many of You have been interested in this coin - ALGO/USD.
I'll tell you my vision on it.
🔥
I buy coins ONLY at the very bottom. Of course, it's possible, that I can get a second bottom as a gift🤣
But I always avoid coins, that are hyped by news. For me, that's a signal to sell.
As for ALGO/USD, I hold it from 0.29 and have already partially sold it by 0.38 - 0.47 - 0.53!
You can find my latest sell orders in the orange zone on the chart!
AVOID OVERHYPED COINS - for staying safe and profitable!
I try to be useful to you🧡
Always sincerely Yours Rocket Bomb🚀💣
Ethereum / Bitcoin by Rocket Bomb 🚀💣Hello friends!
Altcoin daddy started moving and all alts reached after him
🤣
If Ethereum continue grows, we have a chance to get great profits 🔥
IMHO, Ethereum has potential to grow by 20 - 25 percent, which will also pull up many alts.
I try to be useful to you🧡
Always sincerely Yours Rocket Bomb🚀💣