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The Squid Game Shows Why Most People Fail to Profit from Trading"Squid Game, the sensational Netflix series that has taken the world by storm, offers a gripping mirror to human psychology, reflecting the intricate dance of emotions and decisions that we often encounter in the world of finance. Just as unsuspecting individuals are lured into the deadly games by the enigmatic subway stranger, many novice investors are drawn into the stock market by tales of friends striking it rich, often diving in headfirst without a hint of the rules of the game. It's a rollercoaster ride from beginner's luck to the perilous cliffs of attribution bias. Beginner's luck, that elusive phenomenon where newcomers seem to outshine the experts, can be an enticing trap. It leads to overconfidence, a misplaced faith in gut feelings, and an overzealous desire to trade that often ends up costing a small fortune in fees. These overconfident traders become engrossed in their own world, neglecting the wisdom of statistics and putting all their eggs in a single, precarious basket. Attribution bias, another insidious cognitive bias, rears its head as traders concoct explanations for their successes and failures. Profit? They're geniuses with uncanny foresight. Loss? Blame it on market conditions or mere bad luck. The mind constantly seeks excuses for every twist and turn. Even great minds like Isaac Newton, who could unravel the mysteries of the cosmos, fell victim to the madness of financial markets, a glaring example of attribution bias in action. In Squid Game, the players, after witnessing horrifying tragedies during 'Red Light Green Light,' are given a choice to continue playing or not. Overconfidence and attribution bias grip the survivors as they believe they are destined for victory, much like many traders who cling to the belief that improbable outcomes are within their grasp. Mob psychology and the bandwagon effect rear their heads in the story, too. The players form alliances and teams based on earlier factions, mirroring the tendencies of investors to follow the crowd rather than adhere to their own strategies and analyses. Panic buying, selling frenzies, and susceptibility to pump-and-dump schemes ensue. In the financial world, these psychological phenomena can lead us astray, costing us dearly. But unlike the brutal Squid Game, financial markets aren't a zero-sum game. With a solid understanding of market characteristics, rules, and diligent research, you can gain a statistical edge. As a trader, I'd argue that technical knowledge accounts for less than 5% of the equation; it's all about mastering your cognitive biases and maintaining emotional control. So, just as the surviving players in Squid Game strive to outlast their competition, investors and traders should strive to outsmart their own psychological pitfalls. In the end, success in the market isn't about luck but about mastering the intricacies of the human mind in a complex financial world. If you found this insightful, don't forget to like and follow for more quality content! Feel free to share your thoughts and questions below—let's navigate this financial journey together!" This chart is inspired by @Michael_Wang_Official
BNC:BLXEducation
by CRYPTOMOJO_TA
3
GOLDS RED LIGHT, GREEN LIGHT ?? Please see above our analysis on Gold (Xau/Usd) The first thing I want to mention here is I think we all sometimes fall into the trap off over complicating our charts, would you agree? Trying to make it seem like we have some kind of super power and magical edge to predicting where the market is going to go. However what we commonly find time and time again is the simplest off approaches to the market (with the correct knowledge) often reaps the best rewards. I know I've been guilty off this. I think you'd be lying to yourself if you said you haven't been there also. The biggest lesson is with the above in mind is keeping it simple and patience tend to prevail more times than not. Take our analysis on Gold above. All that is present on this chart is some basic dynamic support - correctly identifying key area's of structure in the market and the phase that price is currently in. (Impulse, Correction, Consolidation) Then add in a little bit of fun and here we have our own little red light green light green system. Green light is the market respecting our support / structure and we can look for a trade. Red Light is the market breaking out and this is where we can have our most probable set up coming from. Wait on that green light with a test of pre-determined structure and pull the trigger. Identifying everything in the chart can be achieved with ease, just don't like your mind get in the way. As always guys leave a comment below on your thoughts on this pair and give me red light or green light for this post!! :) The Fx Chartist
FOREXCOM:XAUUSDLong
by TheFxChartist_
8
SQUID/WBNB Strong Consolidation As per my analysis, there is a strong consolidation on squid/wbnb chart in order to recover one leg up to 1$ (in usdt). there is fear among investor regarding recent rug pull but investors are getting strong day by day as the holder addresses are being increased and trading volume is drastically increased in recent days after the rug pull. Also, youtubers and other whales are covering this token as serious as it was for doge and shiba inu. Binance is also interested in listing this token sooner as they hinted in their recent tweet by tweeting in an image of squid on its official binance future channel. All this referring to strong hype being cooked behind the scene. Till now, more than 5 exchanges listed this token right few days after the scam and investors are serious in investing and trading this token. #NFA #DYOR #SquidGameToken
SLong
by okclient44
1
SQUID/USDT inverted head & shoulderAs per my analysis, the chart is forming an inverted head and shoulder pattern on the 15m TF and the probability of the price action is to hit 0.60 and onward. 1$ is programmed and more to come. Recently Binance Future, on twitter, posted a tweet in which they hinted the list of squid token in coming days or near future that would be supper bullish if listed then we might see the regular price as maximum as 10$ to 15$ #NFA #DYOR #SquidGameToken
SLong
by okclient44
4
NETFLIX"Netflix Inc. overtook Walt Disney Co. in market value for the first time since last year after the amusement park owner's earnings stoked concerns about slowing subscriber growth in its streaming business." (1) Right now, Netflix is in the Top 5 list of producers of original television and movies. After titles such as Squid Game, Stranger Things, and more, we saw a great pump in Netflix's value. As NASDAQ announced, the ATH for Netflix is at $690.31, our most substantial resistance level. NASDAQ is also showing Strong Buy Volumes for Netflix, which shows solid support for its value. My research showed that Netflix has the potential to reach the $1000 levels (or close to that area), so it's safe to say that we have the chance to break this resistance after a few retests. Use this chart as your trade setup for now; I'll keep it updated. Current Market Price: $682.61 Let me know your ideas. Good luck. Citation: (1) "Netflix Is Closing In on Disney Again In Terms of Market Value." finance.yahoo.com
NASDAQ:NFLX
by ShawnMCR
3
Why squid is the next big thingYeah I’m talking about the rugpulled Shitcoin which everyone’s talking about how stupid it was to buy and I do agree. But after being rugpullled by the scam owner(s) now there are only two whales having 16% and 8% of the coins right now and no one is actually controlling the price anymore. In crypto industry that’s called DECENTRALIZATION and it’s a sacred word. I think it’s a mini bitcoin which even satoshi himself doesn’t have anymore of the supply.
S
by Soltrade
8
Squid game: scam coin restarts from zeroSquidGame token (Binance Smart Chain) was hyped over 1000x in sevral days, and was rug pulled by its original team. The price dropped from 2800 usd to 0.00000126 usd, and was recollected by community and market makers. Now it is rising sharply to as high as 0.8 usd, and corrected to 0.25 usd. As long as the original team was banned, this token has been totally community based. Several CEXs have listed $SQUID due to its popularity. It is another Shiba Inu story. I'm expecting MEXC and gate.io to list $SQUID and give it other 5x or more. Very high risk speculation. DYOR
SLong
by RidingBubble
₿ BITCOIN 1M ₿ : 02.Nov.2021Well, looking at the monthly Bitcoin chart, we can see that the price managed to close above $ 58,700 for the first time, and the last time the price managed to close in March 2021 (ATH Close) . The October Candle close happened at $ 61299, which could promise us the start of a new bullish rally (unless something shit happens 😂 ) . Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 02.Nov.2021 ⚠️(DYOR)
COINBASE:BTCUSDLong
by ArmanShabanTrading