Funniest thing always happens in a bear market; You get influencer guru wannabe gigachads acting like they're OJ Simpsons lawyer trying to argue a case they know is wrong. If the glove fits, right? When the ships sinking peeps turn into three people; (1) They admit they were wrong, reassess and act accordingly (2) They deny their lying eyes and continue to...
In this video, I go over some of the theoretical and practical applications of bell-curves in trading. Topics covered include: 1. The normal distribution and skewness 2. Kurtosis 3. Regression to the mean 4. Tests of Normality; and 5. Real-world examples of how bell curves work Calculating Bell-Curves: Bell curves can be calculated using SPSS, Excel, SAS,...
Retail trading in stocks and options is an activity that can trigger a range of emotions, thanks to the influence of neurochemicals like dopamine and adrenaline. These two neurotransmitters play crucial roles in the brain's reward and stress systems, impacting the decision-making process and overall experience of traders. In this article, we will explore how...
Trading stocks and options can be an exhilarating venture, especially for retail traders. The fast-paced nature of the financial markets, combined with the potential for substantial profits, often leads to an adrenaline rush. This surge of adrenaline can have both positive and negative effects on traders, influencing their decision-making, emotional state, and...
Carl Jung, a renowned Swiss psychiatrist and psychoanalyst, introduced the concept of archetypes as universal patterns or symbols that reside in the collective unconscious. Carl Jung's archetypes , rooted in the collective unconscious, offer profound insights into human behavior and decision-making processes. (archetypes example would be the Devil and Angel...
Mental health refers to the overall well-being and functioning of an individual's psychological and emotional state. It involves how we think, feel, and behave, and it plays a crucial role in our ability to cope with stress, manage emotions, and maintain a balanced life. When itcomes to trading digital assets, it's essential to prioritize mental health to...
Hi folks, We're going to talk about trade cycles today. I hope you love learning! The strongest power is knowledge! We'll be stronger together! In economics, a trade cycle is a pattern of economic activity that repeats itself over time. It is often characterized by periods of expansion, followed by periods of contraction. The trade cycle can be caused by a...
The Trojan Horse was a wooden horse used by the Greek army to enter the city of Troy and win the war. Although the inhabitants of the town had initially perceived the horse as a victory trophy, Greek fighters emerged from inside of it and destroyed the city. "Yeah, that's a nice story. But how the heck is it related to trading?" Let us clarify. Trading is...
Options are contracts that grant buyers the right, but not the obligation, to buy or sell a security at a predetermined price in the future. Buyers pay a premium for this privilege. If market conditions are unfavorable, option holders can let the option expire without exercising it, limiting potential losses to the premium paid. Options are categorized as "call"...
Sometimes the market can really wear us down mentally and emotionally. Imagine this scenario: you enter a trade feeling confident, having carefully considered and calculated everything. You're in a fantastic mood, already envisioning the profits. And then, unexpectedly, everything goes wrong. In moments like these, even if you have a solid system and strategy in...
( Warning - May cause offense and distress) It's a tale as old as the markets themselves - to use indicators or to not use indicators, that is the question. And to bring the answers you so desire it's none other than yours unruly - me, Ninja Nick! So buckle up because my way is totally biased, based, unapologetic and of course 100% correct forever and...
It's really important if you work long time with a charts on Tradingview to have a clean color setup, your eyes feel more comfortable. Here is few of my combination what I personally use. Also just a small tip why do I use black and white candles. Its all about psychology. When you see red candles you think more about sales, green greed. Its all about human...
Brief intro The 22nd of December 2020 the SEC sues XRP; claiming that Ripple conducted an unregistered securities offering by selling XRP, which they classified as a security, without proper registration or exemption. This is important for us to note before we go forward, because it is one if the key reasons that we have seen a semi-halt in the returns of XRP...
today we will talk about 5 TYPES OF ELLIOTT WAVE PATTERNS ( FIRST SOME BASIC INFO ) What is Elliott Wave Theory? The Elliott Wave Theory suggests that stock prices move continuously up and down in the same pattern known as waves that are formed by the traders’ psychology. The theory holds as these are recurring patterns, the movements of the stock prices can...
Hello traders, today we will talk about EMOTIONAL STATES OF A TRADER #1 Optimism – Everything starts with a positive outlook or a hunch that will lead traders into buying a stock. #2 Excitement – Things start to move the way we want them to you feel giddy because of it. This is where we start hoping and anticipating that we are possibly making a success story in...
Trading stocks as a retail trader can be an exhilarating experience, with the potential for significant financial gains. Behind the scenes, our brain's complex chemistry plays a crucial role in shaping our decision-making processes. Dopamine, a neurotransmitter associated with pleasure and reward, has been shown to influence our behavior and emotions, particularly...
so the last couple "Ideas" is posted were about this book, most will not read it. So i thought i would make some "cliff notes" and tie into being a retail trader: "The Molecule of More: How a Single Chemical in Your Brain Drives Love, Sex, and Creativity―and Will Determine the Fate of the Human Race" by Daniel Z. Lieberman and Michael E. Long is an exploration...
As yours truly lives his life as the best damn trader he can be, I oftentimes wonder how I do it. Time? Experience? Technique? It's all of the above and none of the above, in reality it's something I've previously touched on, which is self talk - now last time I graced your beloved eyes with my beautiful words, I mentioned how to use self talk and...