In the market environment, you have to make the rules to the game and then have the discipline to abide by those rules, even though the market moves in ways that will constantly tempt you into believing you don’t need to follow your rules this time.
Investment/Trade
Mr. Market, He is Crazy
We, human, make our best decision when we feel relaxed. Writing down your entry and exit plan reduces tension by separating your two job analysis and trading. Analysis can be done while the market is closed, trust me when a market is open, watching the market and doing analysis at the […]
What Affects On Your Trading Decision
Stress is the enemy of good decision making. It is very hard to be objective when our skin is on the line.
Understanding of Group Behaviors
One of the useful understanding of unsuccessful traders is to act as a group. It very similar to a fish or herd of cattle. They simply have a position when they believe they can make money, and they get out because they are either they are losing money or perceive the […]
What Most Traders Do
Most traders don’t know why they did what they did because most traders don’t plan their trades, thus eliminating any connection between themselves and the results of their trades, thus eliminating any connection between themselves and the results of their trades. Most traders act spontaneously and impulsively and then ascribe […]
Understand Yourself
Understanding yourself is synonymous with understanding the markets because as a trader you are part of the collective force that moves prices. How could you begin to understand the dynamics of group behavior, if you don’t understand the dynamics of group behavior, if you don’t understand the inner forces that affect your […]
History Repeat Itself, Bitcoin Mania
This chart caught my attention and convinced that Bitcoin would drop sooner or later. I even told my friends to sell it was at $16,000 after it hit $20,000. In my opinion, I still believe that Bitcoin is a great money maker if you play it right and revolutionized invention […]
Lots of Possibility in Cryptocurrency
Cryptocurrency has been showing a big rally since the beginning of 2017 and people are excited and didn’t know when to stop. It was in heat phase that people who invented those coins became a millionaire and some became a billionaire. However, after the pump and dump, it has been […]
Knowing To Win From Psychological Illusion In Trading
From a psychological perspective, this characteristic will allow you to indulge yourself in the illusion that each trade has the potential of fulfilling your wildest dream of financial independence. It is dangerous!! With any gambling game, you will always know exactly how much you can win or lose each time you […]
Unsuccessful Trading Behaviors
Remember, MARKET IS ALWAYS RIGHT. If you are caught up in the expectation of what it will do: I am right, the market is wrong will definitely kill your portfolio. Refusing to define a loss Not liquidating a losing trade, after you acknowledge the trade’s potential is greatly diminished. -Being stubborn […]