Spiritual-Trader
Education

#1 Thing Every FAKE GURU on TradingView is missing!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This chart has no meaning. It seems like it does, right? That's because your mind is desperately searching for patterns.

STOP reading #TradingView if you are genuinely looking for answers.

I know you intuitively feel like there's something wrong with all these charts, ideas and patterns. They seem so promising! Besides, who are these people?
"Just the facts, ma'am, these are the facts," everyone says to you. Let me ask you a question. How come, if raising wedges and RSIs are supposedly the golden standard of trading, 90% of traders lose money? How come the seemingly prospecting ideas on #TradingView always fail?

That's because patterns and wishful thoughts are appealing to your mind. Your mind wants to seek patterns, wants to find a standing ground, wants to rationalize its conclusions. Don't fight it. This is deeply encoded into your DNA. This is how your mind, your ego, stays alive. Notice that.

Start paying more attention to yourself, not the charts.
I'm sure you'll find a strategy that works. But the greater question is, how do you interpret the data? If you think about it, that's all that trading is. Trading is you evaluating the information given. Every strategy, every chart, every decision is nothing but information; amount and consistency.

You'll see thousands of charts LIKE THIS on TradingView. They are nothing but direct evaluations of the past, and, while you can find meaning and value in them, they gives you no solid foundation. It may seem like you're grounded in facts, when in fact you're betting - going "all in" - on the past. Patterns and wedges . What I'm asking you to do is to turn inwards.

Most likely, you're here reading through opinions and ideas because you yourself lack the knowledge needed to execute a trade. Notice that. Start wondering. Start asking. "Was I, perhaps, along with thousands of other people, deceived into thinking into something that isn't true? Was I wrong from the get-go? More importantly, how can I gain perspective?

Also notice that seemingly everyone on #TradingView focuses their attention "outwards" - propels their thoughts onto the chart because that's where the action happens. Nobody EVER treats psychology as an important part of a trader's life, because, remember, "The facts, ma'am, just give me the raw facts."

If you want to change how your perceive information, start by changing yourself.

Trade with LOVE, PASSION and PURPOSE.
Facebook: https://www.facebook.com/spiritualtrader/
Website: Perhaps sometime.

Comments

Can't agree more, is always it will turn bull or bear with no clear distinction.
+2 Reply
I followed the advice and didn’t read this post. Anything useful?
+2 Reply
@BorisPoff, ;) You got it!
+1 Reply
I saw a similar chart somewhere. I thought the way the days were worked out on that chart were really odd. Anyway, here's my recent analysis on price action.

+1 Reply
Spiritual-Trader PurpleCrypto
@PurpleCrypto, Everyone notice, this is exactly the type of person I'm talking about. Beware.
+1 Reply
PurpleCrypto Spiritual-Trader
@Spiritual-Trader, I know what you mean. The danger of 'joining the crowd' or following any agency with thousands of traders is that those followers/traders would all have the same stops in place at the same time making them easy targets for market makers.
Reply
Spiritual-Trader PurpleCrypto
@PurpleCrypto, You're good with words. Obviously, I will never have the full picture of you, I'm only an online avatar evaluating the information given by another avatar. Still, only you may truly know whether your actions follow your sayings.
Reply
Conclusions - the best!
Best regards!
+1 Reply
@Melikles, Sending regards to you too, brother.
Reply
True!!!
+1 Reply
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