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Greed

BTC - Don't Buy the Dip!The problem with wanting to buy the Bitcoin dip lies in knowing where the dip actually is. And in the case of Bitcoin, using conventional logic to determine the latter simply will not do. That is so because the crypto-king continues to epitomize the so-called "animal spirits". Bitcoin's rally was, and continues to be, driven primarily by greed. Traders can be expected to want to go long at the first possible time for the same reason. Hence, buying/selling discrepancies are likely to be created at every new dip, bolstering the adverse volatility in the market. However, the market is long overdue for a sizable correction, and the BTC may dive below 42k and head towards the psychologically significant support level at 30000.00. What can be asserted with fair confidence is that the eventual dip would not be followed by a V-Shaped rebound. Rather, the new correction is likely to be concluded with more erratic price fluctuations. Do not rush to buy in at all costs because there are plenty of reasons to expect a deeper correction. Watch the Fibonacci retracement levels and the moving averages.
BITSTAMP:BTCUSDShort
by Trendsharks
2
Most common mistakes in tradingHello my friends today i want to talk with you about most common mistakes in trading from my experience (any market but specially in crypto) And after reading this i hope you will avoid them 1- Not Patient Enough : I think this is one of top major reasons for failure in cryptomarket Most newbies in this Field are thinking they will be rich in few days thats completely wrong ...Any old trader here will tell you how the patience will paid off 2- More Than You Can Afford To Lose : only risk what you can afford to lose ... more than that will lead to alot of mistakes and you may close your position after any small drop before reaching stoploss point and thats wrong my friends 3- Not Using Stoploss : Stoploss is important but i recommend manual stoploss by candles closing not automatic one to avoid manipulation in market.. if you dont know difference between manual and automatic read my previous idea about it 4- Over Trading : Alot of trades every day wont make more money ...instead, it will make you more stressful and staring at charts all day resulting in more mistakes 👉Fewer in numbers and higher in quality trades per week or even month are enough sometimes best thing you can do is not trading at all when market is uncertain 5- Emotional Trading : Both fear and greed play big role in the market movement When you see most of people are greedy you should start taking profits partially ..and also try to avoid selling during panic sells 6- Revenge Trading : Like using all wallet to buy one coin (all in) or doing high leverage postion to recover losses fast usually end in liqudation or big lose and leaving market completely This market need you to be flexible 7- Ignoring Your First Plan alot of very good plans and managements from start but you continusoly change it by listening to other random people opinions trust in your self and trust in chart no problem from taking advices from more experience people but you should trust in yourself first by have your own view and own plan How many mistakes you find yourself doing it ...choose the number from above and tell us in comments
Education
by Babenski
43
FEAR or GREEDFear and greed are 2 of the most common emotions that traders experience. Manage your fear because acting out of anger or fear will destroy your chance of success. Control your greed because the market will always be there and offer more opportunities in the days and weeks ahead. Eliminate these 2 emotions while trading. Frequently Asked Questions Why are fear and greed so important to market psychology? Many investors are emotional and reactionary, and fear and greed are heavy hitters in that arena. According to some researchers, greed and fear have the power to affect our brains in a way that coerces us to put aside common sense and self-control and thus provoke change. When it comes to humans and money, fear and greed can be powerful motives. How do fear and greed affect markets? When people are overtaken by the power of greed or fear that becomes rampant in a market, overreactions can take place that distorts prices. On the side of greed, asset bubbles can inflate well beyond fundamentals. On the fear size, sell-offs can become protracted and depress prices well below where they should be. How can traders take advantage of fear and greed in the market? Fear and greed create overreactions, which means that savvy traders can buy oversold assets and sell overbought ones. Adopting a contrarian strategy can be a good idea, whereby you buy when others are panicking - picking up assets while they are "on sale", and selling when euphoria leads to bubbles. At the end of the day, however, it is human nature to be part of a crowd and so it can be difficult to resist the urge to deviate from your plan. How can one measure the level of fear or greed in the stock market? There are several market sentiment indicators one can look at, but two specifically interrogate the emotions of fear or greed. The CBOE's VIX index, for instance, measures the implicit level of fear or greed in the market by looking at changes in volatility in the S&P 500. The CNNMoney Fear & Greed Index is another good tool that measures daily, weekly, monthly, and yearly changes in fear and greed. It is used as a contrarian indicator that examines seven different factors to establish how much fear and greed there is in the market, scoring investor sentiment on a scale of 0 to 100. All the information was taken from Investopedia open source. _____________________________________________________ If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
by Berzerk_invest
DJI (6h) - Double top - and more.The trouble with double tops is that, you don't know where exactly price will go. Have a look. All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously). Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read up on that). Well, I don't think so. It looked as if moms and pops traders took confidence in an early rise of USTech and moved madly north. Tech continued to grind down after that bounce, checking the confidence of the gamblers. There's potential trouble on the DAX where 'gamblers' went wooohooo towards 14000 ish. Then the big boys said hold on a sec! Oops - hello there is trouble in the Bond markets. The FED is basically fighting against itself - trying to boost bonds and prop up stock indices in the US at the same time. Yellen made an announcement that inflation is not a problem - and the gamblers became ravenous. (You don't see that stuff on the 6H chart. Look into the 15 min time frame.) In other events, officially US debt struck just over $28 Trillion. But the true figure not in the public domain is estimated to be around ~$128 Trillion. Like 'who cares' some say, 'The FED has our back'. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
Get out of CryptoReddit is pumping BTT (likely BTT whales using bots) but nonetheless this is identical to the last legs of the 2017 bullrun. Tesla buying 1.5bn doesnt mean "Tesla Market bought 1.5bn worth of bitcoin at 47K" which every emotional trader cognitively assumes without actually considering what that headline means. For all we know Tesla could be investing in shorts. Bitcoin is retesting its secondary bollinger and almost every altcoin under the sun is 100% up on the weekly. People are going to start cashing out. Take large profits now or forever regret your own greedy emotional decision to hold the top.
BITFINEX:BTCUSDShort
by Piggiiieee
8
Should I Hold Longer Or Close With Profits....?Hello Traders 🙋‍♂️ I wanted to go over a valuable lesson in market psychology that I have learned repeatedly in my own experience. This is not an 'end all be all' strategy , advice, or lesson but perhaps an idea that you can take and make it what you want in your trading analysis. Its really easy to theorize about markets and what they should do, wether its a pattern your following, indicator, or institutional concepts. We can all look at charts and spot gigantic moves and think "WOW! Imagine those profits you could have had!" , in fact we can see this daily in our pursuit of our trading goals. But the reality is that in the exact moment of being in profits nothing is guaranteed! How many times have you said to yourself "Self - I'm holding this trade till the end of time" when your up 20 pips, only to have to smash back down and either stop you out at break even, or even worse, go negative and hit your stop loss? My guess is that if your reading this (or writing this) then the answer is all too often 🤣 So here is a solution... Psychology 1) Just agree with yourself that consistent and steady profits is better then "what if" 2) Find your signature exit for how you trade - "When do I know for certain I should close all positions" Practice & Reality Since its pretty easy to catch 20 pips in the FX world you should capitalize on this and take it over and over and over , compounding your profits, and minizing your losses (assuming your strategy is profitably) and to satisfy our greed and "what if" then leave a small partial open to see what happens, which leads me to the third and final part of this solution.... 3) Close 90% of your position at 15-20 pips - Move stop loss to break even & Leave 10% open for "What If" and to satisfy our greedy side. Making this agreement with yourself can and will increase your profits! I have written this statement 1) as a note to self after this week I "Could have had" 65+ pips , and 2) as an idea to myself others that its ok to make a living picking and chipping away at the huge mountain of gold in front of us piece by piece, rather then all at once I hope you find this useful, if you do please give a thumbs up and follow for more!
by renegadeforex
2
What goes up must come down. BTC has taken a ride since 2015, I watched from the sidelines as more and more people became overcome with the excitement of this new currency. The “gap” up’s when it took hold and blasted off to north of 20,000 then 30k then 40k, were unprecedented. I’ve been involved with investments since 1997 and I have seen nothing like this and won’t ever again. I do think bitcoin will eventually make the 100,000 mark, when that happens is any bodies guess. Healthy investments do not skyrocket to all time highs and stay there like this seems to have done. The “gaps” this needs to fill are down in the 11,000 range I believe? If these “gaps” per say don’t get filled, any move higher becomes incredibly dangerous for a landslide melt down. Every market in the world has seen this sort of behavior. Here is how big money managers think “buy when it’s low and sell when it’s high” I know that may seem Cliché, but it’s true in any investment market. What holds this coin price at its highs is continuous buying but not only continuous buying but a stable source of new buyers. When bitcoin reaches a high of highs after racing upwards that of a Saturn rocket it will surely endure the consequences of a parabolic climb which is a generational meltdown. We must remeber that China has been mining some 80% of the worlds bitcoin over the past 10 years..if this doesn’t scare anybody I don’t know where you live. If any populous or economy invests more than an alternative invenstment weighting in bitcoin or any other speculative investment, they risk destroying their entire economic system and collapsing. If one doesn’t see the automatic buying and selling movement and electronic support countermeasures big miners or holders of the coin take to ensure this parabolic soar to inevitable highs you aren’t looking close enough. Everybody risks losing and losing big. It seems the masses want bitcoin to reach enormous highs, preaching it will replace modern currency driving the price upwards of 100,000 per coin. I am a realist and while I do believe bitcoin and other crypto currencies will achieve great value and use in the future it will not replace the worlds fiat currencies. Be careful and realistic. If you’ve been hoddling your coins for years you have done very well for yourself yes, however, remeber how one “locks” in profits, they sell and hold “cash” or what ever stable fiat currency they live with. This is not a free ride and not everybody running this massive machine has good intentions. If China decides to capture and lock in profit at any given time, it will cause a cataclysmic disaster and melt down of an entire system. Don’t be caught holding the bag at the top. When PayPal said they were all in processing bitcoin it seemingly shot north with supersonic speeds. People who wouldn’t invent in an index fund for it was too much risk are now investing millions in something that seems too good to be true. I am not saying bitcoin will not be useful or even saying it won’t survive, I am simply saying be CAFEFUL and REALISTIC. This bubble has consequences just like the real estate financial bubble of the early 2000’s. The USA had the means at that time to inject trillions into a collapsing system...we have no more levers to pull or safety valves to open. I predict a gap cover in the 10,000-11,500 range before then skyrocketing to new highs in the 40-50,000 range before starting the fibbinaci cycle all over again. The last up cycle will be very evident by which the volume of sellers will spike to all time highs within minutes. That may be next month next year or in 5 years IDK....but it will happen. The stock market has stop gaps to ensure panic selling doesn’t destroy a healthy market, bitcoin has no such stop gaps or safety valves to ensure complete and total collapse of a system. And...the most important one. Bitcoin has no centralized governing body or enforcement to ensure criminals can’t steal or destroy a system in which so many have put faith. It’s the ultimate Dichotomy, Bitcoin excites so many because of its decentralized governing systems however those same Reasons we all “love to love” bitcoin could very well be the same reasons it sets up to cause global economic catastrophe. My prediction again is this...falls to fill CME gaps with fake trend reversals costing traders millions chasing the bottom but. Dollar cost average your buys and lock in your gains. 11,000 back up to 50,000 then back down to 24,000 before pushing up to 75,000. 100,000 is the price that triggers a global sell off meltdown and bring financial devistation to the greedy. Be careful out there. Diversify and have a plan.
COINBASE:BTCUSDShort
by renderfy
1
There are no emotional problem in reality...???There are no EMOTIONAL PROBLEM in reality. The problem, you are facing is you do not have any back-tested STRATEGY/SKIL L of identifying what if I do will I get the trades. Another words, you are trying to search a fallen needle in entire city in a limited time. You don’t know what to trade? Which stock(trade) to go for shorting? Should I have to select Short selling or long? Even If I Select at what time should I enter & then exit? => But time is ticking away , worry, concern, , apprehensiveness, consternation, uneasiness, fearfulness, disquiet, fretfulness, agitation, angst, nervousness, tension, stress, misgiving, foreboding, suspense etc.
BITSTAMP:BTCUSD
by Trade-Technique
19
Tutorial: PC-Indicator - Spar_maDeutsche Version Unterhalb. English version: This indicator is supposed to be another tool to recognize when a panic movement has begun and also ended. Of course, there are other indicators that work very well, but this can also help to identify the timeframe. Description of for using the indicator with the example of the panic sell-off in March: Before the selloff started, two areas can be identified in which the market is being tested. This is when at the same time, the price intersects with the 21 moving average and the put / call indicator. This indicates that something could be wrong (no guarantee, just an indicator). This happened first (marked with 1) when the virus was discovered: Few who had been informed had any idea what might happen. The second "drop" (marked 2) happened when it was publicly announced that such a virus existed. The third time the panic broke out (marked 3) long after the virus was known. The portfolios should have been hedged here at the latest. Shortly before the yellow marking the virus was reported daily and maximum panic were spread. This was the point at which the hedge could theoretically be ended (if you have the courage to do so). However, I myself waited until the 21st and the indicator were clearly broken. This indicator could have helped to save a loss in value of the portfolio by at least 17%. I hope this indicator can continue to perform as well. Please leave a like and subscribe if you are interested in further trading ideas from me. Name of the indicator: “PC-Indicator - Spar_ma” That’s my opinion and should be treated like it. No trade advice! ______________________________________________________________________________________________ Deutsche Version: Dieser Indikator soll ein weiteres Tool sein um erkennen zu können, wann eine panische Bewegung beendet ist. Natürlich gibt es weitere Indikatoren die sehr gut funktionieren, dieser kann jedoch zusätzlich dabei helfen zu erkennen wann es soweit ist. Beschreibung des Indikators an Beispiel des Panischen sell-offs im März: Bereits vor beginn sind zwei Bereiche zu erkennen, an denen der Markt getestet wird. Dabei kreuzen sich gleichzeitig der Kurs mit dem 21-gleitendem Durchschnitt und dem Put-/Call- Indikator. Das lässt darauf zurückführen, dass etwas kommen könnte. Dies geschah zuerst (mit 1 gekennzeichnet) bei der Entdeckung des Virus: Wenige die Informiert wahren, jedoch ahnten was passieren könnte. Der zweite „Drop“ (mit 2 gekennzeichnet) geschah als öffentlich bekannt gegeben wurde, dass ein solches Virus existiert. Beim dritten Mal brach die Panic aus (mit 3 gekennzeichnet), lange nachdem dieser Virus bekannt gewesen war. Spätestens hier sollte das Konto gehedged worden sein. Erst kurz vor der gelben Markierung wurde täglich vom Virus berichtet und maximale Panic verbreitet. Dies war der Zeitpunkt an dem theoretisch der Hedge beendet werden konnte (wenn man den Mut dazu hat). Ich selbst habe allerdings noch gewartet bis der 21ger und auch der Indikator klar durchbrochen wurde. Dieser Indikator hätte dabei helfen können einen Wertverlust des Kontos um mindestens 17% ersparen zu können. Ich hoffe dieser Indikator kann weiterhin so gut performen. Bitte lasst ein like da und abonniert mich, falls Ihr Interesse an weiteren trading-ideen von mir habt. Name des Indikators: “PC-Indicator – Spar_ma” Dies ist nur meine persönliche Meinung und sollte auch so betrachtet werden. Dies ist keine Handelsempfehlung.
OANDA:SPX500USD
by spar_ma
HODL! but not to your crypto...It is just an addition to my previous BTCUSD idea which was more based on RSI indicator. Here we have not 1, not 2 but 4 different resistances: the first and the most obvious one comes from the previous ATH, the second and the third one comes from the upper levels of the upward channels 1 & 2. The forth resistance presents itself in the RSI - currently we are stuck at 84 value. But wait, there's more: Greed and Fear index is 95 which is crazy even for Bitcoin (this index has never seen bigger numbers). And hey, we still have to see at least 25% correction and touch 20 weeks MA.
BITFINEX:BTCUSDShort
by Detri_Mantela
Baghodlers wiped out at the bottom as usual + time to go to ath***************** Part 1: An expensive but valuable lesson for Bitcoin bulls ***************** I have not heard much from Bitcoin "investors" in the past 12 months. This is what I kept repeating back then (2018-2019): " The bear market is not over/2019 is a fake bull market (hundreds of them laughed at me) They will refuse to sell until Bitcoin goes into panic mode and there is extreme violent selling, THEN they will disappear (maybe a bit before maybe a bit later) You won't hear again from them They will miss the actual next bull market " And what did happen? Haven't heard from them since then 😏 A few people had youtube channels so we can see them closing them, also not posting anymore, and a few have at least made a goodbye video. I think the bulk really left in Q4 2019 - Q1 2020. Mostly during the scaaaary selling. I am not making this up. You can view my past ideas. Here is the last BTC idea that got a lot of attention from haters calling me an idiot. Feb 21. 54 comments. After this it stopped. I was not getting dozens of hate comments anymore. They just went poof. Who's the idiot now? Checking some profiles, no ideas in 7 months I wonder why. Oh someone is bullish on alts that are down and never going up. I posted an alarmist idea in March 2019 when Bitcoin was really down and bagholders were very scared. The amount of hatred I got was interesting. I got even way more than usual. They were in anxiety mode. And they are all gone. Markets are very good at finding peoples breaking point. Bitcoin found crypto investors breaking point. A very valuable lesson. Some of them might return to trading in the future, like some people came back "older and wiser" after getting burned during the dot-com bubble. And the cycle will repeat itself endlessly. This is actually the most Bitcoin has falling in 24 hours at least since 2013. On Bitfinex, bottom 2 was more scary. Still, the March 2020 scare was a 50% drop in 24 hours and this never happened before as far as I know. Not only was it brutal but there was a first part with a massive drop in a couple of hours then a break where baggies were relieved for sure "the worse it over", and then just a few hours later they got hit with another brutal candle that went much further down. The 2013-2015 bear market ended with 30% drops "only". For sure Bitcoin bulls panicked and saw it going straight to zero "this is it", "it's the end". They clearly were an over emotional bunch. Glad most of them are gone. I want to look at it one more time. It feels good to. You know I tried catching the bottom but that was ridiculous Posted these ideas 3 days apart (Bitcoin going to zero and Bitcoin going to 10,000 when it was at 8300): ***************** Part 2: Bitcoin long target reached ***************** Follow up to this: Got to target but does not mean it is over. European regulators banning bitcoin cfd right when the bagholders were about to make some money 👍 So typical and therefore so predictable People can keep criticizing me insult me but I will keep being right Already 8.5R here! This means it would cover 8 losses. I could be the biggest fool and lost 8 times in a row and still come out ahead. And it's just the start imo. Because I am waiting for the vertical move and I have no seen it yet. My trailing stop is at 4R right now.
GEMINI:BTCUSD
by MrRenev
5
Bitcoin Dominance Answers: Altcoin SZN, or another DEAD SZNHey! This is price action analysis for BTC.D (bitcoin dominance over altcoins). During next couple of month there is an opportunity for short-term alt season, but we need to see all options. So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of months. Another hand is more likely we will get an short alt season if btc.d% break down from 65% towards 62.20% this will make alts huge pump. Speaking from my experience it might be over 2x-5x on certain coins/tokens Check the chart and if you like the visuals, let me know by pressing like. Stay tuned! BR, Artem Shevelev
CRYPTOCAP:BTC.D
by ArtemFuturesTrading
11
BTC Long Closed To anyone reading... I have sold all my BTC yesterday/today. While it is an exciting time, we must not forget what the world is currently dealing with. “Growth for the sake of growth is the ideology of the cancer cell.” Remember, when the rug pull happens, all will scramble to sell, and this process can take some time. We were right, and BTC has produced great gains for me many times. In my opinion, we will run out of steam soon, considering all the economic events coming up. Tomorrow could be the final blow-off top, and if one thing is certain, you do not want to end up on the downside of BTC. Look at your profits and be content and proud; it is always better to have your profits safe as the feeling of watching it go is truly hard to take. Before greed and ego take over, remember there is no true get rich quick scheme and if there was, we would all be rich. Whenever the feeling of greed takes over, sit back and think about how long the money has taken to accumulate whatever the career. It is not easy come easy go it is only easy to go in this world. Looking back at 2017, it is easy to go wow, they made so much money, but what about those who didn't sell or couldn't sell in time. Optimism is great, but reality hits much harder. GL to all and hope you find success
COINBASE:BTCUSD
by KML6
6
The adventures of leveraged naked ootm option sellersAh the famous "free money" option sellers. Ah the famous strangle strategy. Option sellers. Ok. Naked option sellers. Sooo...? Way out of the money naked option sellers. Let me think... Way out of the money strangle naked option sellers. Getting good. Ultra Leveraged Way Out Of The Money Strangle Naked Option Sellers. Oh boy. Ultra Leveraged Way Out Of The Money Strangle Naked Option Sellers That Never Cut Their Losses. Not fair for other Darwin award contestants!. They have to be doing it on purpose. A strangle is an absolutely garbage strategy where the writer sells (slightly) out of the money options on both sides. The maximum profit happens when the price stays between both strike rates. Not going to make a full explanation and a drawing, but what is important is it involves option sellers that take small premiums win very often but are at high to unlimited risk. The premium basically means that even if the price goes against you a bit you are still in the green. Out of the money means you have even more breathing space before the price gets to a losing area, and then additionally you have the opposite side premium as additional "breathing room", which in all means the price has to move very much for you to even start being worried. But when it goes that far... careful. Depending on how out of the money the option is the premium can get pretty low... So the option seller won't make alot of money. There is no free lunch. A summary of those strategy is "Picking up pennies in front of freight trains." Ok here is a drawing xd A few people use this, and I know it is taught by Tom Sosnoff that runs a brokerage. You might recognize him in some old documentary & interviews about the 1987 (he was a market maker obligated to buy people bags and "add to loser" and they all were running out of liquidity & had to beg banks for more money so the whole system would not collapse). He is the creator of thinkorswim that he sold to TD Ameritrade for a big bag of money. He published a video recently where he bashed the robinhood effect where down synd- er I mean young credulous investors (and legends like Portnoy) are getting enabled to gamble on risky & complex products they do not understand. Oh wait no he praised it all, said it was wonderful and a new paradigm. Sad. "Hurray optimism" (until the suicide). Not sure what my opinion of him is right now. On the long run those strangle work, and ... well I can't say any idiot can do those clearly with all the clowns blowing up ... but it does not require any prediction ability (you are better off if you can predict low volatility thought), it is maybe complex to understand for novices at first but rather "easy". Someone running such a strategy will often win, and get consistant profits, but the profits are just... small. And funds or individuals using this strategy have to be prepared for big moves that sometimes happen and have a plan to hedge at some point. Tom Sosnoff tells people to "trade small trade often" (another broker telling people to trade often gee didn't expect that). Since this strategy makes little profit, fools have a tendancy to use leverage, sometimes alot. Warren Buffet once said, or more than once, way more, that leverage was the best way to wipe out your wealth. Especially when mixed with ignorance. He uses leverage himself, but not like this, not like these guys... The only way I see leverage maybe making sense with those strategies is say you make 1% a year, so you'd put 90% of your money in a mix of equity indices & risk free with low correlation, then use 10 leverage on the remaining 10% that is used to write options, keep risk managed, so then you make 10% on the 10% and if something goes real wrong you have deep pockets, 9 times the amount... Using a bit or even 2-3 times more capital and more leverage too would not even result in getting wiped out for those that did. They REALLY asked for it. There are plenty of naked option sellers that got wiped out, included hyped or famous ones. Naked selling means you do not own the underlying (so if you never buy until the client exercises his right you will have to first buy the asset at whatever price, or have to buy it from him if he is short potentially at a much higher price than the market price). James Cordier from OptionSellers dot com, Victor Niederhoffer, Karen Supertrader, LJM Preservation And Growth Fund (HAHAHAHA they have a great sense of humor). James Cordier used way out of the money options, so it would look something like that: Wow! We found the holy grail! You cannot lose! He really got zero sympathy, and even his clients did not get much. They either knew it was risky or did not bother how to even put this they did not even bother looking at was option selling was somehow? James Cordier was making tiny profits with huge risk, had very high winrates, and because he made little profits he used extreme leverage to get any significant amount out. He is the epitome of the concept "Picking pennies in front of a freight train". They should use his picture in encyclopedias. Those leverages aren't even poor risk management at that point we reached another stage. Seriously this guy is an absolute psychopath. Victor Niederhoffer used to be a rather famous fund guy, he worked with Soros, he was rather popular I think he wrote in big journals, probably was on tv regularly. He was "one of the best" making 30% a year for 20 years, famous people held him in high regard, he was sort of a mentor to guys that are famous today. But he missed a few braincells. He sold a big amount of naked puts in 1997 then the market crashed. Rekt. Another "myfxbook" loser. Maybe he was just bad all along and got lucky for 20 long years. Outlier. He probably whine that it was just "20 sigma bad luck". He blew up again 10 years later 😂. Rekt by the trash securities crisis of 2007. Oh ye another "free money one". If you saw the movie "the big short" you might remember scenes where bankers were laughing and partying at the "idiots that bought options against CDO/MBS". He was not a banker himself so Bush did not use taxpayer money to bail him out. He was not unlucky actually, he was very lucky to have lasted 20 years the previous time. Dumb people often have Dunning Kruger... Karen Supertrader was a random old lady that got into the Sosnoff noob strategy. It is very hard to lose money while keeping it small with that one, so idk I guess this is why he pitches it to complete noobs that would all become day traders and lose their money quickly. Hey they'd just lose their money otherwise, at least here they are making a little. It is true, can't even blame him he is maybe saving noobs. Should just let natural selection do its job just like getting rich slow is actually not slower, helping people is not actually helping. She was an outlier in a normal distribution, mistook that for greatness, and started a fund managing to get idiots to invest hundreds of million. 150 I think. She ended up losing if I recall a good 50 million, hide the losses as unrealized (which she rolled over each month and used new positions to offset), while still collecting fees. I remember seing her interview on how great she was and thinking "ye give it a little while" and then doing some research, and oh ye blew up haha. Didn't see that coming. I don't get people brains. If people use certain strategies, it is mathematically impossible, literally impossible, they can get certain returns without taking huge risk or committing fraud. Why is it so hard for the creatures on this planet (especially regulators) to comprehend? It is physically impossible. Proven. This is not economy or climate science where randos come up with their ooga booga opinions and apocalyptic calls, mathematical PROOF means it is true period. Really blows my mind. How are all those mouth breathers even alive? If a strategy no matter what is contained in Upper Bound Lower Bound and we are outside of the bounds it's not because of divine intervention or a parallel universe. I don't even know how they think. Lmao I crack up when I try to imagine their thought process. It's like the market moves 10% in a month, and someone tells you they simply bought & held, made 60%, and used no leverage. And some people are stupid enough to think this is possible??????????????????????????????????????? Wow. LJM Preservation And Growth is just the funniest. "Preservation" in the name, then goes to the option selling casino with infinite leverage. People trusted it blindly because it has preservation in the name? XD Reminds me of some groups in the USA self proclaimed "good guys". Idiots that fall for this get the karma they deserve. You can find stories and read about it on the internet it is all over the place. The best bits is how they always find excuses. The fund came up with "there is no way we could have predicted the 911 attacks". The stupidity of this excuse is really beyond. I don't even know where to start. Well I don't think I need to explain. They clearly were in the wrong business entirely. "Oh no there are risks in the business" 😂 One of optionsellers client shared a google doc of his 1 million (in total) portfolio, here it is, it goes from left to right day by day so you can see how the positions evolve and how James Cordier holds onto his losers forever, until death pulls them apart. docs.google.com You can find the second to last idea James Cordier published on seeking alpha here: seekingalpha.com He got all excited at the "free money" (greed & euphoria) and then sh** his pants (fear), held the bags, blew up. The he was less excited (pain regret sorrow etc). Emotions -> Emotions -> Emotions. Mistakes -> Mistakes -> Mistakes. Like a baws. And the guy had 20 years experience or so. His last idea was a short on coffee and he was very right. Should have just went short for real with leverage since he was gambling anyway rather than sell for "only" 1.8 million. The website has his ideas since 2009. You know these people I think they just hate losing. He probably was right often enough but I am not going to backtest his ideas got better things to do (got a new zombie game to try haven't been able to play games in weeks because idk they bore me but at the same time I really need a distraction I must be alone having to force myself to play games rather than the other way around). It is not the case for all of them of course, but I am sure alot would make money without having to use 50 leverage if they just applied their analysis and accepted to take the risks, rather than look for some really stupid trick to always win. As a speculator you get rewarded for absorbing risk/volatility. Sometimes down sometimes up, but on average more up than down. How can some people be in the business, and not as market makers or arbitragers or brokers, for 20 or 30 years and still look for "sure thing" strategies and be afraid of taking a loser? Who cares if the portfolio moves a bit in 10 or 20 years the end result is what will matter. It is clearly not for every one. They should know better and be prepared for the "big events", but they go pavlov brainwash and emotional and feel good about it, as long as it has not happened they think it won't (and even once it does some don't even learn and think they really fell under the wrath of god and did nothing wrong as demonstrated by Victor Niederhoffer, seriously how dumb is this guy? I don't have a quarck of respect for him.) If you are able to survive those big events, accept small drawdowns and they do not cause you to make mistakes, you are already ahead of many. Another obstacle to be making money in this game. When you "have it" it really seems like a no brainer, but yes there really are alot of people unable to climb that obstacle. Aren't 90% of casual investors bagholders? With "strong hands". So afraid to take a loss. Strong hands ye right, weak chins. The receding chins are using computers now so they don't piss themselves, but I don't think the computers will be able to do everything, just the small day trading. If we get to the point computers can go THAT far to predict the future weeks away (not just M5 stat arb etc) we won't even need markets anymore anyway, and we'll be too busy visiting other galaxies xd Imagine science without all the dogmas and politics. Imagine politics without all the politics. And so on. I ain't worried. My tip to profitable speculators: learn to invest, find a passive income stream, you never know if you'll still be making money in 10 years, but don't be too worried all opportunities just disappear (unless communism). Yes you never know if it is a pullback or the end, it is easy to look at it in hindsight compared to being in it and think "oh it just goes up".
NYMEX:NG1!Education
by MrRenev
6
BRACE! TESLA: may correct soon. Pure greed has driven TESLA to ridiculous heights. Robinhoods are in this market. Most of them from China. Parabolic expansions tend to fall - sometimes very quickly. Stay tuned. Stay safe. Wash your hands and face! 😂 Eat veg! LOL. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
NASDAQ:TSLAShort
by Captain_Walker
6
Hope. 🙏🏻 Fear. 😱 Greed. 🤑 Welcome, guys! 😊Today I wanna talk with you about our feelings and emotions💋💋💋 💥 Fear of falling prices provokes a sell , and the opportunity to lose chance to make monney leads to an unreasonable buy .💥              ⚡Such pernicious emotion like greed is a manifestation of the trader’s arrogance and his thirst for a good income as soon as possible, which also provokes the unfoundedness of transactions.🤷🏻‍♀️         Many psychologists and scientists do a lot of research in the study of human emotions and feelings, the results of which show the ability to control their emotions. 💪🏻 In trading, managing emotions is a very necessary. 💪🏻 Let's consider three seemingly simple emotions on which a trader’s work in the market depends in more detail: 📌Fear 📌Hope 📌Greed 😱 The role of fear in trading 😱         In fact, fear plays a significant role in the market. Fear often deprives the trader of the opportunity to earn money, but also saving him from making fatal decisions. The emotion of fear often serves as a kind of "brake" for the trader.        A frightened trader is obsessed with the adverse aspects of trading. Fear of losing money generates a lot of other negative emotions in your head. 🤑 Trader's greed would destroy. 🤑 Greed is a disastrous and dangerous feeling, especially for a trader. The prevalence of greed rarely can help to achieve the desired result. It depriving people of the ability to think soberly and objectively. Often, having felt success, a trader wants to earn more and more by making the following mistakes: ❗ Untimely exit from the transaction ❗ Hold position more then you need ❗ Overstatement of risks 🙏🏻 Hope is the last thing to die 🙏🏻 Of all three emotions, most market participants live with hope. This emotion is completely opposite to fear, because its presence affects the positive thinking of the outcome of the trade. In moments of hope, the thinking of market participants is aimed at making profit, not losing it. People trade in order to achieve success and financial stability, taking income from the market. The circle of such people was divided into optimists and pessimists, absorbed in hope, fear and greed, only to different degrees. One way or another, an overabundance of these emotions can lead to losses . The best option is to find the “golden mean” and learn how to manage your emotions.💪🏻💪🏻💪🏻 😊😊I hope you enjoyed my post, don't forget to support me with like 🌞, subscribe,for don't get lost!💋 Below are links to my previous ideas👇🏻👇🏻👇🏻 Stay with me🌞 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
23
Riding the Bears For a Little TOO LONG :( - 04/30/20 RECAPHi traders, Thursday was a pretty decent up day, ruined only by a bit of greed from my side in the AMD Short trade. But even after missing the best exit of the day, I squeezed a little extra from my typical RRR setting. The Trades: 1) NEO - LONG @28.35 - Unusual situation that I decided to go LONG into on the breakout pattern above 28.32. Sadly after the market pushing lower, NEO eventually gave in. -1.1% 2) AMD - SHORT @53.08 - A typical breakdown formation that stopped 2 cents shy of my hard-set PT so I exited manually before close. +2.24% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +1.14% Total PnL for the week: +1.09% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight