Ridiculous people think they have to act like robots to be good at this. I yell at my screen celebrate and chant I'm the best when I win and shout Bitcoin is a ponzi to friends all the time for fun.
What matters is obviously the way they think and the buy/sell actions they take, with how it makes them feel or with logic? You don't get good by being Michael Myers lol what an idea really.
"Emotional people" are those that do not think rationally, and this is decided even before birth. For them there is no hope.
No amount of £4500 trading courses will change that. Those in the middle on the spectrum can maybe work on it.
Probably a waste of time, you really need a pure clean mind not a naturally foggy mind that on top of that has to work double to control itself and remember all kinds of rules.
Oh and also as an added handicap all those days spent on "emotions in trading" are days not spent on looking at trends, backtesting, reading about central banks...
People care about a handicapped deformed kid that becomes a boxing champion against all odds, no one cares if an emotional becomes good at trading.
There is really no point wasting time, but the thing is... do the emotionally "thinking" know that they are emotional?
You don't have to be absolutely perfect but all those people that make absolutely no sense and consistently find themselves in those examples (get pissed at police for no reason, follow the herd, notice their opinions get changed easilly by whoever was speaking the more loud, try being right in a probability thing etc) should quit.
In an experiment (Kahnemann and Tversky) asked people questions no one knows the answer to, with the answer being a percentage, and they spinned a wheel all random. They found that the people they asked were complete sheep that picked numbers close to the number shown by the wheel because reasons.
Peasants have what is called hindsight bias. With no proof they randomly go ahead and claimed they knew something (sort of like after mocking "climate deniers" EVERY ONE will claim - AND ACTUALLY BELIEVE - they knew it was a hoax/exageration all along).
They don't really think logically making it even harder for them to remember what they thought, and become persuaded of being "masters". And then take mind bogglingly stupid trades and are so persuaded they are right they hold and hold and hold. And then get rekt.
"Ooga booga I KNEW it would go up and it did. I'd better use that visionary brain to make money now, next time I'll kill it!"
The crazy thing is the actually believe this xd
They didn't buy because they "knew price would go down". I can guarentee that if the price goes down they say "Bah. I was right. Knew it all along that's why I didn't buy.". If it goes up 100/100 times they'll say they knew it too. Maybe you can try it with people around you. Talk about some stock, then a while later tell them the price went down "I knew it" should come. Wait a while for them to forget and say the price went up. Maybe picking a few ones will work better because just 1 they might remember.
MadCuzBad Noobs follow 5 steps =>
Step 1: Make trash calls.
Step 2: Be so delusional you think you predicted correctly price direction.
Step 3: Get into investing because you think you're good.
Step 4: Fail because bad.
Step 5: "It's impossible to make money trading". Warn others.
The tender feelings community has 6 psychological states:
Regret: 99% of crypto investors rofl. "It went up I missed up oh no now I better make up for it and throw all my lifesavings in a ponzi"
Mad (cuz bad): IT KEEPS DOING THE OPPOSITE OF WHAT I DO AND WHEN I AVOID IT I MISS OUT. IT'S OUT TO GET ME. I AM DONE. ALL IN REVENGE TRADING HAHAHA.
Greed: PonziCoin is going to 1 million! If it gets 10% of gold market cap I'll be a billionaire! I am up 100% I'm taking family money and using leverage now!
Fear: It's all red it won't stop going down OMG ANOTHER DUMP 😱 SELL SELL SELL.
Hope: It's not going very strongly against me, just drifting, I'll hold to it a while longer it's going to reverse eventually.
Loser: It keeps doing the opposite of what I do and when I avoid it I miss out :( There is no hope I give up.
Meanwile, the non emotional chad doesn't care about any of this he has his journal and know what to do what not to do all he has to focus on is his stats.
We should segregate the world because the emotionals that get jobs as actors, singers, toilet cleaners... And the rational masters that take all the decisions.
What matters is obviously the way they think and the buy/sell actions they take, with how it makes them feel or with logic? You don't get good by being Michael Myers lol what an idea really.
"Emotional people" are those that do not think rationally, and this is decided even before birth. For them there is no hope.
No amount of £4500 trading courses will change that. Those in the middle on the spectrum can maybe work on it.
Probably a waste of time, you really need a pure clean mind not a naturally foggy mind that on top of that has to work double to control itself and remember all kinds of rules.
Oh and also as an added handicap all those days spent on "emotions in trading" are days not spent on looking at trends, backtesting, reading about central banks...
People care about a handicapped deformed kid that becomes a boxing champion against all odds, no one cares if an emotional becomes good at trading.
There is really no point wasting time, but the thing is... do the emotionally "thinking" know that they are emotional?
You don't have to be absolutely perfect but all those people that make absolutely no sense and consistently find themselves in those examples (get pissed at police for no reason, follow the herd, notice their opinions get changed easilly by whoever was speaking the more loud, try being right in a probability thing etc) should quit.
In an experiment (Kahnemann and Tversky) asked people questions no one knows the answer to, with the answer being a percentage, and they spinned a wheel all random. They found that the people they asked were complete sheep that picked numbers close to the number shown by the wheel because reasons.
Peasants have what is called hindsight bias. With no proof they randomly go ahead and claimed they knew something (sort of like after mocking "climate deniers" EVERY ONE will claim - AND ACTUALLY BELIEVE - they knew it was a hoax/exageration all along).
They don't really think logically making it even harder for them to remember what they thought, and become persuaded of being "masters". And then take mind bogglingly stupid trades and are so persuaded they are right they hold and hold and hold. And then get rekt.
"Ooga booga I KNEW it would go up and it did. I'd better use that visionary brain to make money now, next time I'll kill it!"
The crazy thing is the actually believe this xd
They didn't buy because they "knew price would go down". I can guarentee that if the price goes down they say "Bah. I was right. Knew it all along that's why I didn't buy.". If it goes up 100/100 times they'll say they knew it too. Maybe you can try it with people around you. Talk about some stock, then a while later tell them the price went down "I knew it" should come. Wait a while for them to forget and say the price went up. Maybe picking a few ones will work better because just 1 they might remember.
MadCuzBad Noobs follow 5 steps =>
Step 1: Make trash calls.
Step 2: Be so delusional you think you predicted correctly price direction.
Step 3: Get into investing because you think you're good.
Step 4: Fail because bad.
Step 5: "It's impossible to make money trading". Warn others.
The tender feelings community has 6 psychological states:
Regret: 99% of crypto investors rofl. "It went up I missed up oh no now I better make up for it and throw all my lifesavings in a ponzi"
Mad (cuz bad): IT KEEPS DOING THE OPPOSITE OF WHAT I DO AND WHEN I AVOID IT I MISS OUT. IT'S OUT TO GET ME. I AM DONE. ALL IN REVENGE TRADING HAHAHA.
Greed: PonziCoin is going to 1 million! If it gets 10% of gold market cap I'll be a billionaire! I am up 100% I'm taking family money and using leverage now!
Fear: It's all red it won't stop going down OMG ANOTHER DUMP 😱 SELL SELL SELL.
Hope: It's not going very strongly against me, just drifting, I'll hold to it a while longer it's going to reverse eventually.
Loser: It keeps doing the opposite of what I do and when I avoid it I miss out :( There is no hope I give up.
Meanwile, the non emotional chad doesn't care about any of this he has his journal and know what to do what not to do all he has to focus on is his stats.
We should segregate the world because the emotionals that get jobs as actors, singers, toilet cleaners... And the rational masters that take all the decisions.