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🎀Trading Education: EXPECTATIONS VS REALITY🎀 ❤️As an aspiring trader, you might have found yourself daydreaming of a life filled with endless profits, exotic vacations, and luxury cars. You might have even started to imagine yourself as the next Wolf of Wall Street, impressing your friends and family with your wealth and success. 💜But the reality of trading education is somewhat different from the fanciful expectations we often hold. Yes, it's true that trading can be a lucrative and exciting profession, but there are a few things you should know before diving in headfirst. 🧡First and foremost, trading education is not a get-rich-quick scheme. You can't simply enroll in a course or attend a seminar and expect to become a millionaire overnight. It takes dedication, hard work, and a willingness to learn and adapt. 💙Reality check number two: trading can be risky. No matter how much education or experience you have, there will always be factors beyond your control that can affect the markets. Successful traders understand this and know how to manage their risk accordingly. 💛Another thing to keep in mind is that there is no one-size-fits-all approach to trading. Different strategies work for different traders, and what works for one person may not work for another. This means that personalized education and training is key. It's important to find a mentor or course that aligns with your goals, personality, and trading style. 🤍Last but not least, trading is not a lonely profession, contrary to popular belief. While it's true that traders spend a lot of time analyzing charts and making trades on their own, there is a whole community of traders out there willing to share their knowledge and experiences. Whether it's through online forums or in-person meetups, connecting with other traders can offer invaluable insight and support. 💚In conclusion, if you're considering trading education, it's essential to adjust your expectations and face the realities of the industry. It takes hard work, dedication, a willingness to take risks, and personalized education to succeed. But with the right mindset, community, and drive, anyone can achieve success in the exciting world of trading. 🌺Hope u like my article. Please let me know what you think💋 Love, Anabel❤️ Please, support my work with like and comment! Love you, my dear followers!👩‍💻🌸
Education
by AnabelSignals
7
8892 on Nasdaq is imminent. It’s again quite simple. 8892 is only 10% lower from here. That’s just still not enough PE compression. We are still up 525% since January 2010. That’s ridiculous. Purely liquidity melt-up not based on any fundamentals. Earnings were also a garage.. If you know this now you’ll take the red pill and understand how Marcus will work going forward and how they always should have worked. Not 0% rates and unlimited quantitive, easing or QE . QT will be massive and constant for years. With rate hikes for foreseeable future. Period. At best. $200 a share for the S&P. Morgan Stanley had it at $190 a share. $200 a share X 14X equals 2800. Now that’s at best. On Nasdaq. Ultimately. After this failed 15 year fed experiment. And PPI sand CPI much higher than anything reported tomorrow or anytime, this will be an extremely deep recession. And 15-20% chance of a depression. Fed funds rate must be above the CPI rate. This is economics 101. Terminal rate will be north of 7%. Not 4%. The Fed will not stop. No matter what, so follow these “God Fibonacci levels” to the tee. Because the market probably has 20% more to fall at a minimum. And then you can talk about at least being somewhat close to properly priced. Everything is overvalued, especially the NASDAQ, which is the worst and S&P. be smart. Energy. Some healthcare, And qqq puts and spy puts. Nov/December time frame. Very important to have a good amount of QQQ and SPY puts. This is what the revenues are made. To hedge your portfolio and gain from times once in every hundred years a lottery ticket. Watch implied Vol. so you don’t over pay. And for godsakes, SELL EVERY SINGLE RALLY WITHOUT HESITATION. EVERY RALLY. Good luck
NASDAQ:IXICShort
by Section3133
4
Debugging the Stop Loss Myth..Often what comes across my Desk is Traders Applying Stop losses into their trades. Well, I'm here to tell you that I never use stop losses. Scary, huh? NO. I see Monthly Gains with the use of no stop and a change in strategy.. You see usually when Traders are using Stop Losses they look for Risk and Reward. But what affects risk and reward? Is Risk and Reward the same for every Trading Scenario?.. The answer is no. When you put your stop loss in and you set your Take profit, you are deciding where you would like to exit on both sides, not the market. There is no factual way of deciding the REAL probability of you hitting your TP before your SL. I appreciate it may be UNPOPULAR but I just do not trade with a stop loss (unless in EXTREME circumstances). I drop my risk substantially and I diversify. I incorporate Fast hedging and Risk management Strategies to suit any Drawdown. After all, what happened to YOU on this Euro Fall? How many stop losses did you get taken out on? Did you get any gains on the other side? Did you trade the other side? In short, Stop losses simply are not the be all and end all.. For some Traders There's nothing wrong with using them, but for most Traders It's just an EASY way for people to feel comfortable. Why not rather scale in and out of markets over time with LOW or mitigated fully risk. You can eliminate your position WITHOUT an SL! Take a risk (or perhaps Take LESS risk) by not using stops.. Just an idea! Be Open to What is achievable and possible.
by WillSebastian
Be ready for BIg Target in Godrej CP Be ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGETBe ready for BBBIIIIIGGGGGGGG TTTARRGET Godrej CP
NSE:GODREJCPLong
by Hardikjethwa
Revomon - VR & Mobile Next Generation Monster catch MetaverseRevomon is probably one of the first promising, partly centralized partly decentralized games, based on both VR and mobile, which allows users to tame monsters and evolve them and fight other players. The game is still mostly in its early stages, however, despite being an alpha access, the game is already playable on virtualreality and mobile with various futures, such as converting collected monsters into NFTs and burning them for rewards, a clan system, a ingame marketplace, and the possibility to fight both, NPCs and other players, future planes, as well as refactoring the clan system, include an open world (with NFT lands), quests, other achievements, new revomon (= revolution monsters) and more marvelous game content will be worked on in the coming months, coupled with more ways to give users the opportunity to earn something on the side while they play.... (play2earn features) The chart currently looks kinda boring, like most crypto projects it got and still get hit hard by high emission and btc overall drop, altough the team is well funded for next 1 1/2 years and have wide options to collect more funds to keep this promising project alive. I expect to see a market recovery until end of year, with Revomon being a full game, the best candidate to grow with the market again and getting the reputation and awareness its deserves. Buying small batches, via DCA, could lead to a good exposure long term with an acceptable Risk / Reward ratio. The token is oversold in various timeframes, but holding timely better than other metaverse games. This is not a recommendation to buy or sell Revomon tokens. Do always your own research and never invest more than you can afford to lose
RLong
by Lobotto
How Much Can You Make Trading Forex?Mark Twain once said: “There are lies, damn lies and statistics”. People lie, numbers usually don’t, unless manipulated by liars. If you ask somebody trying to sell you a course or some other products related to the market, they’ll promise you 3x of your money in a week and convince you can start in couple days. Sounds too good to be true? Because it is. One way to return to reality in the industry where everybody is showing off their gains and concealing loses is to look at other financial aspects of life (not in a self-diminishing way, but rather self-awaking). Average General Doctors make 41.000$/year in UK. What makes you think you can make that much in a month with even a 100.000$ account? Banks deposit interests are currently at low of 0.1-0.25%/year. This is self-explanatory as banks are perceived as one of the most conservative ways of keeping your money. S&P500 averages around 9.4%/year. 47% of Americans have invested one way or another (pension funds and 401k’s) into S&P500 as a good balance between security and profitability. What do you think is the risk should be to make 25x of that in a year? Answer: 3.5-5% per trade. Most of the market participants don't risk more than 1%/trade. Why wouldn’t they risk 5% per trade for more gains? Answer: you’ll get wiped out in couple trades :/ Becoming a lawyer takes 7 years on average. Why would somebody think that watching 2 videos on YouTube or reading 7 articles is enough to place a trade? Answer: Here, unfortunately, some brokers and traders try to convince newbies, in order to take advantage of them quickly. However, trust us, trading is no different than other full-time skills you have to acquire over long periods of time. Leading investment funds experience ROI drops every 3.4 months. Would you still think profitability 12/12 months a year is realistic? Answer: It is not. Bottom Line: Trading Forex is an interesting and rewarding way of making money, but the truth is even the best traders don’t usually make more than 5-15% a month on average. On the other hand, %s don’t matter. What matters is your personal demands! If you need to make 1000$ as a side income to add more comfortability to your life a 10.000-20.000$ account with a proper trading plan should do the job. If you’re trying to become financially independent do the math accordingly 😊 Oh and also, if somebody tries to tell you something marked red in the Myths section, respectfully, stay away from them! (RUN!)
BITSTAMP:BTCUSDEducation
by Investroy
19
The Reality Of Emotional TradingHello Traders, today I would like to talk about the reality of trading with your emotions, this can be whether you are a swing trader or a day trader we are all human and get emotional but we must learn how to control them and not trade when you are unstable. Emotional instability The most common reason why people plummet to the end of their forex trading is due to emotional instability. Forex trading in reality is all about how well you can control your emotions. Reality Mastering your fear, hesitation, anxiety, impatience, curbing down your greed and over confidence, this is all what any trading decision is based upon. It might be surprising, but a large percentage of people, struggle with the most basic step in trading forex, why? Because they downplay its importance. Being emotionally stable and in control of your emotions, is often overlooked because everything else seems much more important: profits, losses, risks, strategies, trading plan. Here are some of the ways which help you trade better: Be consistent. Do not lose faith in your strategy. Have a risk management strategy. Don’t switch strategies. Have a strong trading plan. Take a break. Learn to control your emotions. Don not revenge-trade. These are the 5 emotions you often feel while trading and how you may react to your trading Happiness – underestimate the risks Fear – we fail to act (inertia) Anger – Overreact (Revenge) Sadness - risk averse Greed – Take bigger risks If you cannot control your emotions during your trading you may react in a way which breaches your trading plan. This is extremely important as this is one of the biggest factors a lot of traders face while trading. Thanks for taking the time to read my post 😆😂😆😂😆😂😆😂
COINBASE:BTCUSDEducation
by Pips-Collector
1
Trading - Expectations VS RealityHey Traders, In this post we will aim to clear some of common misconceptions of trading and how we can help you go further in your trading career by giving you all the tools you need to better understand the market and kill the game. ____________________________________________________________ 1. Trading is easy. Trading is relatively easy IF you know the rules of the market and use certain analytical techniques. Once you have a full arsenal of technical tools, you can easily understand the market and figure out where it may go next. 2. Market moves in one direction. That can be true to a certain extent where we have trending markets. However, within that trend there are various types of pullbacks. Once you understand the different market phases, you can make money whether it's a trending or ranging market. Opportunities are endless! 3. Buy when low. Sell when high. If only things were that straight forward, right? Sometimes the lows aren't really the lows and the highs push higher and higher. This is when you need to understand the different patterns and structure of the market to help you figure out where the best possible place is to buy or sell. Once we understand the market, we need a trading plan. How do we enter? Where do we enter? Where is the stop loss? This is where having rigid checklist really helps! You can tick things off the list and grade the trade setup from good to bad and then enter accordingly using various entry methods. It may sound like a lot of but once broken down into little bits, you can learn this EASILY and know exactly how to analyse and enter trades! ____________________________________________________________ What we will be covering: - Market structure: Impulse & Corrections - Using Index charts to correlate your trades (Very important Topic!) - Drawing a trendline and levels correctly – There’s a hack to it! - Using Moving Averages Correctly - Combining higher timeframe & lower timeframe - Different patterns and how to trade them - More topics to come! Comment below on what other topics you would like to see! I hope this post help clarify some of the misconceptions of trading and the different elements involved. See the links below for information on how we can help you!
Editors' picks
OANDA:XAUUSDEducation
by WicktatorFX
30
Trading - Expectations VS RealityHey Traders, In this post we will aim to clear some of common misconceptions of trading and how we can help you go further in your trading career by giving you all the tools you need to better understand the market and kill the game. ____________________________________________________________ 1. Trading is easy. Trading is relatively easy IF you know the rules of the market and use certain analytical techniques. Once you have a full arsenal of technical tools, you can easily understand the market and figure out where it may go next. 2. Market moves in one direction. That can be true to a certain extent where we have trending markets. However, within that trend there are various types of pullbacks. Once you understand the different market phases, you can make money whether it's a trending or ranging market. Opportunities are endless! 3. Buy when low. Sell when high. If only things were that straight forward, right? Sometimes the lows aren't really the lows and the highs push higher and higher. This is when you need to understand the different patterns and structure of the market to help you figure out where the best possible place is to buy or sell. Once we understand the market, we need a trading plan. How do we enter? Where do we enter? Where is the stop loss? This is where having rigid checklist really helps! You can tick things off the list and grade the trade setup from good to bad and then enter accordingly using various entry methods. It may sound like a lot of but once broken down into little bits, you can learn this EASILY and know exactly how to analyse and enter trades! ____________________________________________________________ What we will be covering: - Market structure: Impulse & Corrections - Using Index charts to correlate your trades (Very important Topic!) - Drawing a trendline and levels correctly – There’s a hack to it! - Using Moving Averages Correctly - Combining higher timeframe & lower timeframe - Different patterns and how to trade them - More topics to come! Comment below on what other topics you would like to see! I hope this post help clarify some of the misconceptions of trading and the different elements involved. See the links below for information on how we can help you!
OANDA:XAUUSDEducation
by WicktatorFX
15
👀 TECH ANALYSIS VS STRATEGY 👀 READ ME 👀And there we have it... No pretty lines, NO stress, NO technical analsyis, NO more wasted time on the charts ONE of the main reasons for people wanting to trade forex is for not only the financial benefit but to have FREEDOM! so why would you then spend ALL DAY performing technical analysis on the charts 👀 in hand causing you the stress, the bad night sleep, the anxiety, the bad mood swings... ps. this trade is now running at a 5% account gain, just risking 1% per trade we place. ****************************************************************************************************************************************************************** What is our strategy? Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too!
by congibb
👀 TECH ANALYSIS VS STRATEGY 👀 READ ME 👀So... how do you trade? why do 85% of traders lose money? How do you trade? drop me amessage, comment on my idea. tell me how you trade the markets and why? are you self taught or did you BUY a ''forex guru's'' course?! We ALL know that 85% of traders lose money trading on the foreign exchange market, but why? well... think that almost all of these traders are trading the same way! MADNESS! why would you ''follow'' the heard knowing full well that 85% of people trading loose there money 🙈 So What have we created and how it will help you... Our strategy is intergrated on trading view, allowing a smooth transition when added onto your chart, also backed up with 3 years worth of back testing history and tradable on ANY timeframe or pair, this tool is exactly what you need to have your EDGE in the markets. A strict rules based approach also means that your negative emotions whether thats over trading, placing to high of a lot size or placing/closing trades at the wrong time is no longer there! EXAMPLE!!!! here we have EURJPY with technical analysis.. aswell as having both an ASCENDING & DESCENDING trend line, we have also have a strong zone of SUPPORT & RESISTANCE. Now let me guess.. from what you have been ''taught'' this is the perfect opportunity to BUY! we have had some rejection so you entered... before you know it, youve hit another stop loss! Trust me. I've been there... Now... look at the next post on ( TECH ANALYSIS VS STRATEGY ) Look how simple it is... NO technical analysis involved what so ever! stop following the heard.
by congibb
Bitcoin Has A Reality Check With Elliot Wave TheoryHello Traders, Quite a simple chart really. I've seen others around but thought I would do my own. Anybody familiar with Elliot Wave Theory will know this simple principle of how markets move. Anybody who has not read the book you will find this information on page 1-2. This is a textbook 5 impulse waves up to complete main cycle wave 1. Now we are in an ABC retracement to complete main cycle wave 2. I have put a pitchfork on this chart which I really like and seems to hit all the right spots. I have also put in a regular set of fibs AND a set formatted for log scale on the retracement. Notice the difference, the chart is in log scale. The 0.236 would be considered a minor retracement but that log fib is reading $650 which also coincides with the bottom of the fork, in between waves 3 and 4 which seems like a realistic target based on what the book says. I think this scenario is likely to play out. That recent pump to the top of B was a bit early to fit into the halving symmetry. Its spent a suspiciously long time to retrace so far which makes me think distribution. Alt coins have seen major weakness, some of them retracing below wave 1 territory which looks extremely bearish and makes me think this was not an impulsive move at all. Also, EVERYBODY (The Herd) is getting excited about the halving and the possibility of a pre halving pump, just like what happened the last 2 times. Think about it, Bitcoin started pumping 366 days before the first halving. It also started pumping 335 days before the second halving. That means that Bitcoin MUST start pumping again around 335-360 before the halving right? I mean, its the rules right! WRONG. Everybody thinking the same thing means it wont happen. Bitcoin actually peaked 335 days before this upcoming halving and has been selling to the late crowd ever since. Markets are evil and psychological. It will keep dumping through the halving date at the disbelief of BTC enthusiasts. The mainstream media will print negative press and claim bitcoin has "officially" died (again) with crap like "not even the halving could turn Bitcoin around" or "Halving Event Kills Bitcoin Bulls" or "Bitcoin! The Worst Investment on Planet Earth" etc Once everybody has been spoon fed the narrative and completely lost all hope and faith, there is your accumulation point.
BNC:BLX
by WickHunter
3
Wall Street: When market hysteria meets realityIn this screencast I show how I interpreted the bull run on the daily and how I entered on a 30 min time frame. Everybody (almost) went 'Wooohoooo!" when Trump made announcements that trade war with China was on hold. There was also the Wooohooo thing when Powell made his politically correct statement, which actually didn't say anything about halting interest rate rises. Well.. well.. reality hit home shortly after each of those two events creating bull runs. To be clear, nothing I say means that the markets cannot go north like crazy. I simply don't care! Why? Because I control my acceptable loss.
OANDA:US30USDEducation
by Captain_Walker
O - I have nO idea what this isAlright folks, this is not crypto related. Bitcoin is quite boring lately and i though of giving the stock market a shot. EWT theory is a great tool. Its NOT a crystal ball, but it helps on finding potential paths for the next move. Combine it with fibs and you are half way there. You should always adjust your view as new data comes in and never tunnel vision on only one path. I will leave this here and check it once/twice a week. If you have any questions, dont be shy! This chart looks like a good example on the weekly. There is also a chance that the correction is done with an alternate count. VPVR looks kinda different since TV likes to re adjust my chart everytime i post, maybe i should try "lock all drawings next time" ... This is for educational purposes only!
NYSE:O
by Acel
2
Probability vs PossibilityThe battle that wages on every market, in every trade... Probability versus Possibility. Now I've seen SO MANY predictions and forecasts lately telling of breakouts, moons and lambos - It's disgusting. Why? Because while ANYTHING can happen (possibility), one must consider the chances of these events occurring (probability) . Now i don't mean to insult your intelligence by defining the words in such a basic means, I'm merely setting an argument. Let's consider Bitcoin for a moment, and where it is currently. IT IS STILL IN A DOWN-CHANNEL. It has NOT broken the resistance as of yet, and every time it's tried since it's fall in December, it has fallen further. Now the healthy channel of recovery is below us, it's baseline sitting in the 7.7K-8.2k zone. The green channel extending from this is the area in which Bitcoin feels comfortable. The most probable course of action is a fall, to either the 9-9.7k area before a reattempt at the resistance, or a straight skydive to the baseline. These two options are far more likely than bitcoin breaking out and seeing a new A-T-H. This is not just trade advice, this is life advice - Please consider the most likely course of actions before investing your hard earned money, before listening to all the hype, before letting yourself be led into disappointment. Now if I am wrong, if Bitcoin breaks the resistance and goes for a climb, you can jump aboard and sail the profitable seas at your leisure with slightly less profit than you could have. If i'm right however, you stand to lose up to 20-40% if you haven't taken the correct means of protection in a small and volatile time period. DON'T let emotion rule your decisions, this is a game of numbers and probability. Whatever you decide, i wish you the best in the coming days :)
by Disaster_Chartist
4
Bitcoin: BTCUSD Reality BitesBitcoin Update Reality Bites This is the Coinbase chart of Bitcoin and right now probably the most reliable, but you might prefer Bitfinex or Bitstamp (next uploads for those 2). This chart shows the massive failure of the head and shoulders set-up with a tiny pin just violating the upper parallel before catastrophic failure - this chart was good and true - no false break, just a small pin of deadly intent from the high. This is my bad, certainly not the chart's. Not only was the call over-cocky/confident but it had no plan B attached. That is unforgiveable, a sackable offense. Yes, it's so easy to say now, but that failure was screaming get short on the break-down and now look at what that failure has done to Bitcoin since. Abject apologies. China's continued actions to curb Bitcoin trading is putting a dampener on liquidity - who would challenge that government unless a whale with an account a long way from China? Pretty much as soon as it went 'mainstream' it's been fighting off mainstream realities ever since. Reality bites. Hard. That massive pin bar of selling intent from under 12472 tells us how strong the downward pressure remains here. Bitcoin is unloved right now, but needs this flush out, sadly, of all those Jonny-come-latelys who arrived at the party way too late in the evening. Markets are cruel. Reality can be too. We have to follow the chart and not our hearts. You got the picture. In nearer term Bitcoin is trapped within the larger set of parallels shown on chart and trying to rally now from the long term dynamic that, on Coinbase chart only, has underpinned all declines so far at 9926 where longer and shorter term dynamics intersected last night...Bitcoin is not dead and buried whilst it can hold up here at 9930...and below here is the parallel at 9726 now which should halt the decline if the longer term dynamic fails ...but this lower parallel must hold up on all retests from here. failure to do so would be catastrophic for the bull case at any point, tipping Bitcoin further into the mire an signalling that test of 8300 that so many are willing Bitcoin to see before looking to buy. It's a speccy buy down here with a stop below the low at 99900 on Coinbase feed back to 10700 - but will need to break above here and hold to reach next upside target at 11330-11433. A move up/down though resistance/support line is likely to lead to a test of the next, though dynamics almost always weigh heavier than fixed lines of support/resistance. It's already rallied 500 oints as this is written and is now testing the underrside of resistance and likley to come off again...needs to break above 10730 here to be able to push on higher to next line in sand, as per chart. For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats on, are inherent, full-on bulls. Only 10 to 20% will be bears. If one or the other we will miss 50% of all trading oppotunites, roughly. Who was looking for sell signals recently (after that RHS failure) ? No, because most of us are bulls we're only looking for positive signals. Try to be dispassionate about Bitcoin - that is not easy, being as we're humans. We're programmed to want to join the herd. A bison gets FOMO too, that's why he wants inside the herd and not out. Penguins too. But we are not penguins. We need to stop acting like one. Agreed? We need to be like doctors who will get sued for giving the wrong diagnosis, however bad that might be. The patient wants truth not platitudes. That's how we need to view Bitcoin. If we love it too much we cloud judgement and lose trade opportunities. So strive to be dispassionate. Or it will cost you roughly half of all opportunities. Look at the trail Bitcoin has left...get down off your horse and look...look how good those sells were on the breaks...how the first two break and then come back to retest the little dynamic
COINBASE:BTCUSD
by sumastardon
14