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 […]
Investment/Trade
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 […]
THE MARKET IS ALWAYS RIGHT
If all trading stopped at any particular price, what do you think this price represent? This price would represent the consensus belief about value, relative to the future, of all the traders who are in the market in that moment. The current price is a direct reflection of the beliefs […]
ANUARY 2018 MUMBLING 7
Study The Number 36% of all people have given up on having a better life and don’t believe they will ever have more than 5% increases in their income each year. They have had all of the ambition beat out of them, accept their loss in life and will defend […]
Historical Tops
September 1955 November 1955 April 1956 August 1956 January 1957 July 1957 November 1958 January 1959 May 1959 June 1959 July 1959 January 1960 June 1960 April 1961 May 1961 September 1961 November 1961 December 1961 March 1962 June 1963 October 1963 May 1965 February 1966 April 1966 June 1966 […]