NIETZCHE AND TRADING PSYCHOLOGY, (MUST WATCH!)

If you're a middle school basketball star, do you cry when you skin your knees after getting fouled when you chose to play street ball in downtown Detroit? No, because you should have known what you were getting into, and if you do cry, all the street ballers will tear you to shreds. If you don't want to play street ball and learn to play like everyone else does, go back to your middle school basketball court. If you can't understand why you keep getting hurt trading crypto and are unwilling to adopt the winning fighting style, go back to trading securities. Winners don't need to play by the rules of "golden standard" of TA.

What if the "golden standard" is only so because they're tools that make you predictable for people who know better? If you have the masses all trading the same information, that makes for predictable moves.

Predictable traders make for a predictable market. A predictable market makes for a profitable market. The only reason you've been given the "golden standard" is to provide liquidity for those with more buying power, resources, knowledge, experience and connections than you.


95% of retail traders lose money, so if you’re watching this, that probably includes you. What matters is that you take steps to learn rather than keep throwing money down the drain. Market manipulation in crypto exists, and with respect to trading, it’s not that it’s good or fair so much that it just is and you have to play the game as it is rather than what you may want it to be. There are ways to do that, and we’re confident we have one of them.

It’s worth noting for the record that other markets have manipulation too. Just less egregious amounts of the kinds you’ll find on the list on the Wikipedia article for market manipulation.

If you've found this info useful, dive into the links below.

Comment:

If you met a tribe in the wilderness who planted fish in their fields as “an offering to their gods” in order to grow bigger crops, what do you do? Do you keep quiet about their ways? Sure, their crops WILL grow larger because of this tradition, but not for the reasons they believe. Would providing them industrial fertilizer and a crop rotation plan improve their crop output? Absolutely, but that would require that they admit they’re wrong and would be contrary to their identity. You’d get the response “but it’s worked for us so far! What we’re using is a proven standard.” Their blind faith in their dogma would prevent them from seeing that maybe, just maybe their is a better way to do things. If you don’t know why something works, you need to be skeptical regardless of how effective it is.