"There are really four kinds of trades or bets: good bets, bad bets, winning bets and losing bets.
Most people think that a losing trade was a bad bet. That's absolutely wrong. You can lose money even on a good bet.
If the odds on a bet 50/50 and the pay off is 2$ vresus a 1$ risk, that's a good bet even if you lose.
The important point that if you do enough of...
The psychological aspect and my thought process
Hello everybody, I'm so sorry that the migration did not as fast as I'd like it to be and, finally on last it's done and I can be back on trading.
Before i touch on how i would trade, i suddenly thought sharing my thought process would make so much more sense because literally you
will understand how i use my...
Above I have listed the multiple stages of a trade.
A lot of the time it starts with a great buy, which leads to a logical selling point.
Rarely do people go through with this.
Why? because humans are full of emotion, which a lot of the time will get the best of us.
Even though that sell order should be placed, GREED takes over. We hold on just a while longer...
The idea of full market cycles is important to understand. “Where” you are within the current long-term investing cycle has everything to do with your long-term outcomes. The psychology of a major bubble follows a similar pattern, but having risen to ridiculous levels of leverage, has very much further to fall. Much greater collective psychological extremes are...
Like many other worthy endeavors, overcoming greed requires a lot of effort and discipline. It isn’t easy, but it can be done. It’s all a matter of taming your ego.
You will have to admit and accept that you won’t make the right call every time. There will be instances when you won’t catch the market’s full move, or times when you will miss a nice setup...
Hello guys, here is my little view of the progress that a trader has to do before he can become a master of all trades.
I think its splitted into 7stages, have fun to find out in what stage of trading you are :).
As many of you are aware, BTC will be implementing a protocol on August 1st entitled Bitcoin Improvement Proposal 148 (BIP 148). This proposed user activated soft fork, or UASF, will implement segregated witness, or SegWit (does every crypto term have an acronym?), and ease Bitcoin's scaling limitation. However, there are many nodes that do not support SegWit, and...
In the beginning, this is not a gamble or a game of luck. It is a trade that has rules and conditions and everyone is aware of it But this is for beginners Like me
The concept of rotation
It means constant change in anything, whether it is the price or the status of the person or even the days. Everything around you is changing.
Here, for example, in...
Hi traders!
Hope everyone had a profitable week.
Here are some trading rules that helped become a better trader. Feel free to share any additional tips that you found helpful during your trading career...
Happy weekend :)!
- Abdulla
For those who do not know, I've already published a similar trading education type regarding on not closing trades manually as seen on the links to related ideas.
As a trader, one should know (and be aware) and practice a trading behavior as this may be one of the factors that may blowout your account. I have been trading over a year and I've been through a...
Hello traders!
As I haven't posted something for a while now, I thought of sharing few tips on the main rules of trading for all new traders out there!
Also, feel free to ask me any question or share some of your trading tips that you may find useful in the comment section below :)!
Enjoy the weekend!
Abdulla
Trading Psychology Definition | Investopedia
Trading psychology refers to the aspects of an individual's mental makeup that help determine whether he or she will be successful in buying and selling securities for a profit. Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success.
#BeSomeone...
