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Money Management & Psychology 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Money Management/Psychology Cycle of Market Emotions The Upturn • Optimism: The normal financial specialist enters the market feeling hopeful. They may likewise have elevated requirements for the profits in which they are involved. • Excitement: When the market goes up, the desires begin to end up noticeably a reality and the financial specialist encounters commitment. • Thrill: The market proceeds up and the financial specialist is excited. • Euphoria: As the market achieves its peak, the financial specialist is euphoric and very certain that the market will proceed up. The Downturn • Anxiety: The market starts to plunge, producing sentiments of nervousness (Point 5). • Denial—The market keeps on falling, and the financial specialist experiences dissent with so many considerations as "It's alright, I'm in it for the long run," and "This is only a transitory misfortune," (Point 6). • Desperation and Panic—As the market cycles bring down still, sentiments of urgency and anger follow (Points 7 and 8, separately). • Surrender—Panic, in the long run, offers an approach to surrender when the financial specialist supposes "How might I have been so off-base? I cannot deal with being in the market anymore. I can't take any more misfortunes," (Point 9). The Bottom and the Recovery • Depression: While the financial specialist flounders in wretchedness (point 10), the market winds up in a sorry situation and offers a route to another bull. • Hope: As the market keeps on reinforcing, the financial specialist is confident that the market will proceed up (Point 11). • Relief: Once the market affirms it is in an uptrend, the speculator feels alleviation, however, they are as yet not sufficiently sure to contribute (Point 12). • Optimism: The financial specialist holds up until the point that they feel idealistic once more (Point 1 or frequently significantly later) before re-entering the market. As we portrayed over, this typically does not occur until the point that they have officially missed a huge bit of the up move, and their opportunity to recover misfortunes with it. Position Structure There are several trading software’s, which empowers the individuals to either structure or drive their framework by an individual or by position. Before the data is set-up in the control tables, an individual should choose which technique to utilise. The framework forms the data contrastingly relying upon the person’s decision. When the software is driven by an individual, work codes are utilised to arrange work information into gatherings. These codes are utilised to connect individual information to work information. When the software is driven by position, despite everything, work codes are utilised to make general gatherings or occupation arrangements in the association, for example, EEO (measure up to business opportunity) and pay review information.
Education
by SMPTrader
Our Rationale of Forecasting Methods at NinjaSingaporeHaving been in this industry for more than 14 years, we have tried many approaches - trading indicators, price action, eye-balling techniques and ... many others you can think of. At the end of the day, we have found what works for us. 1. A clean chart that clearly shows a trend. An uptrend is defined as a series of higher highs and high lows. A downtrend is defined as a series of lower highs and lower lows. It's as simple as that. 2. If an uptrend exists, we wait for the price to come down to a certain level to initiate our buy stop order. If a downtrend exists, we wait for the price to go up to a certain level to initiate our sell stop order. 3. No matter whether it is a buy-stop or a sell-stop, we always set a stop loss and using the price range to determine the contract size of our position. 4. Let the trade do what it is supposed to do. There is no need to pray, wish, dream or hope. It's over. The market will either agree with you by giving you the profits or disagree with you by taking your money away as a loss. 5. Your job as a trader is to ensure you gain more than you loss so that overall your account will be green or black. 6. If you have a series of losing trades, which will happen for sure in your career (guaranteed1), you need to have a set of rules to help you clear your little voices in your head. In such cases, you may consider hiring a life coaching who specialises in clearing process to help you. Alternatively, if you know how to do 7-PATH Self Hypnosis, do it as it will help certainly. 7. As a rule of thumb, successful trading is 80% trading psychology (minimum) and 20% trading techniques or skills. 8. There is a ton of information in the internet for you to visit. Read and watch as much as you can and keep on doing it. This is a career or a business. You need to constantly feed yourself with useful and relevant information to trading. 9. I am not against hiring a mentor or a coach to help you expedite your trading success. Just beware of the black-sheep in the market as this industry does have a lot of scammers who are making their money by teaching others rather from trading. Good trading NinjaSingapore 24 December 2017
BITSTAMP:BTCUSDEducation
by NinjaSingapore
7
BTC Little Explanation from mass psychologyThe end is near! But it will not be, what many say about a massive devaluation ... No! It is impossible, the behavior of "rational" individuals will always make their value remain high. Now, why do I say the end is near? Pitifully Bitcoin, is no longer a change merchandise and is now becoming a hoarding merchandise. I give you an example; Today you have a bitcoin, would you buy something with that bitcoin? Knowing tomorrow that bitcoin cost more? Human psychology shows us that when we feel affection towards something of great value, it is hard for us to leave it. That is going to happen with all the Bitcoin holders at the moment. Now what happens if the day of tomorrow Bitcoin falls to 5000? Well, nothing ... There will be people who buy bitcoins, increasing their value once more. Giving back the value. It's like a spring Jjejej Now I consider that the bitcoin is reaching its last period of rise and later the value remained static. Something like a frozen coin. There is no government that freezes the currency, but the society itself will freeze it at a "x" price. Its fluctuations will be slight. What can we do ? Nothing, look at other currencies that are just being born or growing. We can not predict where the price will go currently because we do not have enough information (cycles, waves), it's something totally new. I do not consider it a bubble as many say, but we can not compare with GOLD in the future either.
BITSTAMP:BTCUSDEducation
by ChampitoPro
4