Folks,
For me personally trading is about probabilities and the only guarantee we have is that there are no guarantees in trading.. To learn and really start thinking in probabilities also helped me to stop fearing things in life so much.. I've come to realize that trading is REALLY about psychology because.
Let's say you are very good in Technical analysis and you can read charts very well.. Think about the number of times you have been sitting where you are now and looked at the price chart and said to yourself;
Hmm, it looks like the market is going up (or down in your case) and what you thought actually was going to happen actually happened. BUT you did nothing except watching the market move while you anguished over all the money you could have made..
There is a big difference in predicting what the market is going to do and really go in and out of trades.. This is a ' psychology gap'
One way to overcome this gap is to understand the nature of trading.. YOU, I , AND EVERYONE no one of us can no what is going to happen and we have to accept the risk in full that we can loose money.
This fully acceptance of the risk involved will make you a consistent winner..
Because when you trade out of a winning mindset than the information the market is giving you ( chart, open, high, low, close (bars) ) is neutral and you give it the value your state of mind is having..
So when you are very fearful of loosing money the information the market will give will you interpret as fearful you will look and see things that will confirm your fear and the result is YOU loosing money.. This is how the universe works how we people work how our mind work..
But is also works the other way.. If you truly understand the nature of trading and you can get out and in trades without fear, hesitation or any other emotion that will cut you back you are on your way to read charts in a winning mindset and you will signal things in the chart that will help you WIN.. This is the universe.. It doesn't only work in trading like this.. This works well in life to..
Life, trading everything starts with your beliefs and attitudes.. So instead of focusing on Technical analysis I am daring you to try understand who you are and what you believe..
Because you can read charts as the best of the best but if you are SCARED to take the trade and fully accept the risk.. You will not get in the trade and if you get in the trade and it turns out to be a loser you will be adding money in a losing trade to avoid feeling the pain and hoping that some day it will turn around..
To come back to the chart..
We have seen 4 double tops lately in the uptrend.. I ask you what is the % possibility of this turning out in a double top again??
I am waiting to buy in more in crypto because I see a big probability that prices will decline a few % before breaking resistance and move higher..
But hé I can be wrong and prices can IMMEDIATELY break resistance and move higher. That is the risk acceptance I talk about it works also in possibilities of missing opportunities..
I wish you the best..
Feel free to comment.. and if you like my thoughts please hit the like button so we can start spreading this word more..
Ask yourself HOW MANY TIMES HAVE FEAR HOLD YOU BACK?
For me personally trading is about probabilities and the only guarantee we have is that there are no guarantees in trading.. To learn and really start thinking in probabilities also helped me to stop fearing things in life so much.. I've come to realize that trading is REALLY about psychology because.
Let's say you are very good in Technical analysis and you can read charts very well.. Think about the number of times you have been sitting where you are now and looked at the price chart and said to yourself;
Hmm, it looks like the market is going up (or down in your case) and what you thought actually was going to happen actually happened. BUT you did nothing except watching the market move while you anguished over all the money you could have made..
There is a big difference in predicting what the market is going to do and really go in and out of trades.. This is a ' psychology gap'
One way to overcome this gap is to understand the nature of trading.. YOU, I , AND EVERYONE no one of us can no what is going to happen and we have to accept the risk in full that we can loose money.
This fully acceptance of the risk involved will make you a consistent winner..
Because when you trade out of a winning mindset than the information the market is giving you ( chart, open, high, low, close (bars) ) is neutral and you give it the value your state of mind is having..
So when you are very fearful of loosing money the information the market will give will you interpret as fearful you will look and see things that will confirm your fear and the result is YOU loosing money.. This is how the universe works how we people work how our mind work..
But is also works the other way.. If you truly understand the nature of trading and you can get out and in trades without fear, hesitation or any other emotion that will cut you back you are on your way to read charts in a winning mindset and you will signal things in the chart that will help you WIN.. This is the universe.. It doesn't only work in trading like this.. This works well in life to..
Life, trading everything starts with your beliefs and attitudes.. So instead of focusing on Technical analysis I am daring you to try understand who you are and what you believe..
Because you can read charts as the best of the best but if you are SCARED to take the trade and fully accept the risk.. You will not get in the trade and if you get in the trade and it turns out to be a loser you will be adding money in a losing trade to avoid feeling the pain and hoping that some day it will turn around..
To come back to the chart..
We have seen 4 double tops lately in the uptrend.. I ask you what is the % possibility of this turning out in a double top again??
I am waiting to buy in more in crypto because I see a big probability that prices will decline a few % before breaking resistance and move higher..
But hé I can be wrong and prices can IMMEDIATELY break resistance and move higher. That is the risk acceptance I talk about it works also in possibilities of missing opportunities..
I wish you the best..
Feel free to comment.. and if you like my thoughts please hit the like button so we can start spreading this word more..
Ask yourself HOW MANY TIMES HAVE FEAR HOLD YOU BACK?