I originally posted this on the brokerage that i use, and i thought i'd post it here incase anyone needs some advice if they've been burnt by the recent Pump & Dumps.
Friendly advice for those who need it:
A question that keeps popping up is, "should i invest in ADA now or wait for a dip". The answer to that is a 2 fold question, 1 "Why did you wait for ADA to...
it is worth looking at the psychological problem that appears during this tough time and that´s:
"Trade what you see, not what you think"
Many traders forget about their trading plan and try to change the rules to adapt to the current situation.
The problem is, that nobody knows, what will happen tomorrow, in a week or month. Markets...
-READ THIS DESCRIPTION FOR MORE INFORMATION!
-This tutorial is for people who are struggling with RISK MANAGEMENT and MONEY MANAGEMENT.
In this tutorial i will show you how to be profitable with 30% ratio.
But first i will explain you what is risk and reward.
-Risk is amount of money or percentage what are you willing to risk(lose).
I had this on my hard drive, I thought I would wipe the dust of it and write in in a clean manner in a post, helps me think more clearly.
I need, and everyone can benefit from (new intermediate advanced legend even), having all of this in their mind:
1) Advice that trading is 95% psychology ===> Throw it in trash container
Worse advice I have ever seen, or I...
Hello, and welcome to my top 10 of the worse pieces of advice you hear in trading, or simple "commong knowledge" that either make me go "HAHAHA" or my brain go "AAAAAAAAAAAAAAAAAAAAAAAAAAAH".
1/ Trading is hard/easy.
You have to git gud at trading. At least learn how it works unless you already somehow knew. Everythign is relative, so for sure trading is not...
There's a concept in game theory called the Nash Equilibrium . It can be applied to any game and determined with algorithms but there may be none, there may be many or there may be one we don't know how to find yet. In the game of trading/investing, Everyone (who is rational) would be looking to maximize their own gains with regards to everyone else doing the...