Staying at home has helped me to study and learn and today, i will be referencing the key virtues that is learnable to be a trader
Trading psychology refers to mental or emotional state that defines or dictates if a trader win or lose.
Why do traders lose?
Neutrally, most traders are attached to their funds and capital which affects their emotions and force traders to trade not to lose money.
I advise that we all Have a winning mentality while trading, Because in the market today; there are tendencies to lose few dollars or money on every trade, but we can overcome by having a solid reason to enter a trade (DYOR).
5 fundamentals to help traders in the market:
1. Discipline: Coming into trading with a mindset not to gamble. You can use TA (Technical Analysis), because it teaches discipline to use it. Fundamental analysis meanwhile is about understanding market emotions correctly and trading with it.
Discipline helps you to see exactly what the market doing.
2. Patience: To be a patient trader; it means that you understand what the market is saying and the emotions attached, what the market could likely do and being calm and composed enough to follow what you see.
Why do traders/holders buy or sell too early ??
It happens because they do not know what is happening in the market, being patient while trading helps you to read properly and perfectly your analysis to a definite stage and also helps you to understand whatever the market is showing you without unnecessary emotional attachment.
To be patient, you need understanding, and to understand; you need to build a strong the fundamentals of what you are understanding.
3. Planning: Planning goes down to your analysis, your position sizing and also your trading psychology. For planning to help, you need to understand your analysis; and also understand that you must not trade more than you can afford to lose, once you go overboard; its gambling.
Planning helps you to accept the probability of how much you can lose and equally what you stand to gain from the trade.
Planning helps you to accept what will be earned or lost from the trade.
4. Persistence: Persistence helps you understand that the goal is to make more profits than loss.
5. Flexibility: This is quite difficult because as a newbie trader, you might not understand perfectly what the market can do; and there are some market moves that comes as a shock. Recent example is bitcoin losing 4000$ in a stretch few weeks back.
Discipline keeps your focused
Patient allows you to learn
Planning keeps you level headed
Persistence keeps you in the trade.
Flexibility allows you to combine all of this to trade.
And finally
Trading psychology is more of understanding people’s emotions and yourself
I am open to learn even further, and i welcome everyone suggestions
I really like the way you presented the informations you do want to tell us and those that you have shared are basically right and are needed for the traders since trading is one of the possible ways you can be able to earn money into this type of industry we are all currently into which is run by cryptocurrencies. Having those five basic concepts you have provided will be a great key for understanding and to be able to educate those people who do want to try trading that can possibly make the successful on doing trading as their way to earn in crypto. Having the right mindset towards trading will be a good start for a great journey on trading to come and to avoid getting regretful and doubtful on your trades. |
|
|
|
|
At this point of time while the Coronavirus pandemic is still on, we can see and observe the negative effect it brings not just for the health care but also for the world market situation. The stock market as you can read in the news are still down because of the current situation. Might as well the other sectors are also affected specially the economic sector because of the quarantine that introduces lockdown so man power on different work places are off due to restrictions set by the World Health Organization. Due to this factors, the world market is suffering together with the increase of the number of covid cases infected and deaths. This just clearly demonstrate that we are facing into a serious manner that affects the whole world and we still cannot do anything about that because certain actions are needed to be done to avoid the spread of virus even if the economic standing is at stake. Let us just all hope that thid will come to an end already and may the different sectors affected will fast to recover so as with the world market.
|
|
|
|
Therefore we must always update information so as not to miss the news, because it is very likely we are also exposed to fake extensions on the browser. I myself have never installed any extension that is not from the official or from a trusted website that has provided it for the browser. We should really must be aware and updated into the latest happening because with the modern technology we do have, anything impossible at the old times can now be made possible these days. Not just that, scammers and hackers are now getting even wiser to make new strategies or ways to be able to get what they need. That is why we should always keep ourselves updated so we can better know what is happening with our surroundings to avoid being a victim of such schemes. Always do check and ensure that you do have a legit or good browser extension just to be sure that the information we input online will remain private because we do not know when we will need to share such information especially at important cases that needed to be attended online. We should just install legible amd reliable browser extension from trusted or official website to be able to keep our datas safe and secured. |
|
|
|
Good day friends and family on here, here are few questions disturbing my little mind since I wasn't expecting this virus this year, I thought this year will actually be the best since years ago, but it seems I'm wrong
1. Will Bitcoin halving have impact on crypto market this year with the virus outbreak?
2. Is Coronavirus benefiting crypto at all?
3. Will New projects be able to proceed with launching and development in this outbreak?
4. What do you think will happen to bounties this year ?
1. Let us just see until the halving come that will be just a few more weeks from now. We don't really know what will happen after the halving so we cannot tell if it will have a direct impact of a good or a bad one specially at times like this. But apparently, maybe the effecr will not be that obvious because of the situation we currently have. 2. On my own perception based on what I have observed on the cryptocurrency price charts of the ones I am holding right now, I can see that cryptocurrency is not benefiting on the current situation we do have because people tend to rely on fiat rather than crypto basically because not all countries are adaptable on using cryptocurrency directly to purchase necessities so people will tend to sell or convert their cryptocurrencies into fiat to sustain their needs. 3. With this kind of situation we have, I think no projects will be able to proceed because there will be no support that will be coming from investors for many people are preserving their money into a more important matter which is physical necessities that is needed to survive this crisis. 4. Honestly, I do not really have an idea what will going to happen on bounties this year because we all do have high hopes for this year because of the good start it have shown but all of a sudden because of this unexpected situation, everything has changed but I do hope that still great things will happen not just for bounties but as well for the whole cryptocurrency industry. |
|
|
|
|
If we will observe and see the price charts of the cryptocurrencies this past weeks ever since the coronavirus pandemic have started, we will see that the crypto industry is also affected by the spread of the news because the prices of the cryptocurrencies even the top ranks like Bitcoin have experienced a downfall on its price which means that the situation have a negative effect not just on the health sector but as well into the economic and finance sector because stock markets and cryptocurrency market is being affected by this. So far up to this very moment of time, we don't know what will be the price behavior of the cryptocurrencies if it will go up or down by the end of this month which signifies also the upcoming halving if the prices will be going fine or will still continue to get into the bottom. We just need to hope for the best things to come with regards to the cure for this virus as well as for the normal pricing in the stock market and cryptocurrency market.
|
|
|
|
|
We all do have our own different and valid reasons why we sell our cryptocurrencies like Bitcoin despite of the fact that at times like this using cashless with the existence of Bitcoin can be useful and essential. One of the factor that I can see is that people still tends to rely on the usage of fiat to sustain their needs of purchasing necessities to survive this crisis that is why they sell their cryptocurrencies not just Bitcoin but also other Altcoins that can be useful when sold. Also, the adaptation of using cryptocurrency to purchase good is still not well established that is why people is in need to sell or convert their cryptocurrencies into fiat to be able to use it at times like this. Also the volatility of the price of Bitcoin that is prone to get down at times like this is one of the reason why people tend to convert ir sell it to be able to make it more useful and valuable. If the adaptation of using cryptocurrency has already been well established, maybe people will not be forced to sell or convert their cryptocurrencies into fiat.
|
|
|
|
Huge amount of money! For me this year, I just started 2 weeks ago gambling for starting of the year and good news, I was able to win and cashing out the winnings happily. But after a week of winning, I gamble and suddenly I lost  . So it's more likely I am even for this year now. Gambling is one of the best site for cryptocurrency. In gambling if you gamble less and win you will gain less. If you gamble more and win you will gain more. If you gamble less and win you will gain less and if you gamble less and lose you will loss less. Gambling win and lose is mot consistent so in able to get your biggest win you must luck. Gambling is a win or lose luck situation. You may not know when and where you are going to win. So you must be very careful and intelligent in making decisions. Cryptocurrency gambling will cost you a lot. For me, it doesn't about how much you gamble, it's how you do it. Even you will gamble less, yes, it is expected also to win less but you can also be lost less. So, it's almost the same. And I don't think there is some different gambling a cryptocurrency or non-cryptocurrency, for me it's just how you will send it to the gambling website, which is a cryptocurrency for me is more comfortable, and besides that, the value of cryptocurrency is volatile, so while it's on the exchange, expect the value of it any fiat currency to change also. I agree on that mate. It does not all about the amount of winning you obtain on playing gambling. What matters the most is you are enjoying every single cent you spent on playing the games you love to play on gambling. It is not about betting big or small amount, it is all about how you manage your money well to be able to play for a long time and series of game rounds. Betting high is a high risk at stake because gambling is unpredictable game wherein you do not know if you will win or loose. Betting low is just fine because it is a low risk strategy to be done although it just caters small earning if you win, well at least it is just a small amount you can attain to forget once you loose on the play. Crypto or non-crypto is not a case if you know how to manage your resources, then you can obtain big winnings on playing gambling. It is just a matter of being money wise combined with luck to be able to bring home a big amount of winnings. |
|
|
|
I cannot read the firsrt link of article ypu have attached in your post but I have been able to read the next article you have attached whem you edted your post. Well, I haven't heard of trotting before so I got into y curiosity to find for its definition online and based on what I have read trotting is a kind of horse racing wherein there's a two wheel cart attached at the back of the horse ride by a jockey. Seems familiar to me since it was like a transportation here in my country which is called "kalesa or calesa". I haven't heard of this before that this can be played on sports betting. Well, it just shows how creative people are when it comes to fulfilling their wants despite of the situation we have making unfamiliar games to bet just to be able to play sports betting on gambling. |
|
|
|
I do not recommend you guys to play casino gambling as of this current situation on which COVID-19 is still spreading around the world, but if the virus passed away you may use this tips if you are going to play in casino gambling.
Well, I guess so that this is not really a good time to play gambling because it will be the best to save or preserve your money for more important things to spend with like sustaining your necessities that is essential for you to be able to survive this world crisis. But still there are types of people which still chooses to play just to have fun and kill time while this lockdown is still on. 1. Limit your budget - If you are already in the casino gambling, it will be hard for you to control yourself from betting, so the best thing that you must do is to limit your budget before going to casino gambling.
I agree with this. It will be a great strategy to control the pace of your betting on your game if you are aware or you do know that you are only playing with limited fund or budget so you will just play on small bets and will avoid to go all in which will be good to control the way you play the bets you will place and it will lead you to play a longer time since you are watching the amount you bet. 2. Be comfortable on the place - you don't need to get panic while playing, being panic because if thinking that authorities may enter the casino and will arrest you. That is impossible because some casino buildings are legal and have legal paper. So do not panic because it will affect you while playing.
Well, this is indeed needed because being comfortable in the place you will play can give you confidence which will make you have a good pace on playing. Panic will just lead you to wrong decisions that you may regret because you are not focus on what you are doing. Thinking other things while playing will just be a distraction for you and it is bad because you cannot think wise strategies to win the game. 3. Know what games you should play - that is really important, you should play only on those game on which you know that you can win the game, actually, you should choose the game that requires skills and techniques to win.
Casino gambling more entertaining compared to online gambling because we can really feel the ambiance of the building and we can assure ourselves that we are playing on a legitimate games.
It is obvious and a common sense that you must know the game you wish to play because if you were just experimenting or just trying to play new game, it is kind of risky and it will make you suffer to a great loss. Playing games you do not know is not a wise thinking because you are staking your money in danger with such action. |
|
|
|
|
In my case, the longest break I have been into not playing gambling is I think almost a month because I do also have some errands or activities to attend with that is why I have been so much busy doing important stuffs and I am just playing gambling only to entertain myself or just a past time whenever I do not have other things to do. But since there is no work or important things to attend with because of the Coronavirus pandemic which results to lockdown and lead me to stuck-up on staying indoors, I have lots of time to play gambling online to kill boredom but just on a proper moderation. Maybe I will be entertained doing this for a while since I cannot go outdoor. After this lockdown maybe it would take me longer time not playing gambling for the busy schedule coming due to backlogs brought by this pandemic.
|
|
|
|
|
Despite of the crisis our world is experiencing nowadays, that also affects the recession of the cryptocurrencies in the market, I still manage to keep on holding and keeping my cryptocurrencies intacked with me because in my entire journey in this industry I have already seen lots of circumstances this industry have faced but still managed to recover after a span of time. Staying or keep on holding into cryptocurrencies like Bitcoin which is the very well known and is prone to undergo on ups and downs is a matter of choice and belief because we all do have different reasons why we keep on staying and holding into the cryptocurrency we have specially with regards to Bitcoin. In my case, I still keep on holding up into Bitcoin despite of this difficult time because I believe this situation is just temporary and the marker can still be able to recover after such time. I am just having an optimistic point of view to keep on holding and a strong belief to be able to carry out despite of this recession.
|
|
|
|
Here is my strategy, I am expecting 2% per day, starting bank roll = 0.02btc. I will be attaching screen shots of my bets each day. https://imgur.com/wkDh1CxI have seen you have done 21 matches all throughout the day and just waiting for the results to come and securing to lessen the amount of your loss by just betting small amounts per match. Well, it is nice that you have managed to distribute evenly your 0.02BTC on the entire matches you have done on that day you have provided. Doing such strategy of doing small bets is good to be able not to stake your entire money on just one match and risk it for a match that you might loose. Doing it will give you lots of opportunities to try more matches and be able to recover your loss rather than going all in on which you are not sure if you will win or not. |
|
|
|
COVID-19 is still spreading all over the world, there are so many people affected by the virus, there are a lot of people who can not work anymore because of being afraid to go outside.
We should do something to prevent COVID-19 from spreading to each and everyone, if we want to play gamble, please do not go outside and find any nearest casino building just to play. I know that real life casino is better when playing because we can interact to anyone and we can also feel the ambiance of the real life casino but as of this moment, it is better to play online gambling than real life casino, it is better for you to stay at home to avoid contact to many people.
Let us help each and everyone, by simply obeying our authority by staying at home, do not go outside. Let us start stopping the virus, it will all start with ourself.
That was the most probable way possible to be able to play gambling. Since all casinos are temporarily closed due to lockdown restrictions, gamblers have no choice but to stay home and just play into an online casino since it was the easiest and most convenient way possible if they are really eager or do want to play gambling even at home. Do not even try to go outside and play gambling with your neighbors because it is illegal and will promote the spread of virus. Good thing to do is just play online casino through any gadget or device that can be connected online and search for a online casino platform or website and start playing. By this way, gamblers are being able to continue playing and will help to prevent the spread of virus by just staying indoors and no social contact and just playing online in a convenient way possible while still being able to play gambling. |
|
|
|
|
Casino workers/employees have their rights to ask for their salary or at least financial assistance that will be coming from their employers because even those people are working in a casino, still they are working in a legal way well of course they must be working on a legal and accredited casino workplace and they are als feeding their families. Although casinos are currently closed because of lockdown restrictions that do not allow any non essential corporation (not related to good and medical) to operate, well at least those casinos give financial assistance to their people even if they will have to bring out money that will somehow be their loss. Casinos must cater to sustain what their workers need at times like this because talking about money, it can still be earned but the life of the people which will die in hunger not being able to sustain their necessities is not replaceable.
|
|
|
|
|
Totally true. Learning is a continuous process and we learn from the experience we got from every situation we have gone through. Well, with regards on cryptocurrency, since it lies on the modern technology which is continuously upgrading or improving wherein lots of modifications are being made, learning and keep on learning will be a best tool to be able not to get fooled into schemes of scams because users and investors are not the only one that are getting wiser because even scammers and hackers do find new way to took advantage of any people so being updated and knowledgeable will be a great key to avoid being victimized by those kind of people. Continuously learning new things will save you from future harm like scams and hacks that is the main risks here in the crypto industry so better learn more to become more aware of not being fallen into their traps.
|
|
|
|
Is high rewards like 350,000$ for bounty hunters still possible this days? I know it's all down to the success of the project but is this still achievable? How many successful projects with such reward paid hunters since 2018 that you know?
Right at this point in time and with the current market situation we do have, having bounties that offer high rewards seems to be impossible and if possible seems to be rare to find because no bounty will offer to have big amount of rewards not thinking about the market behavior because it would be entirely their loss once they do something like that. Well, way back at the good old times of year 2017 to some dates of year 2018, bounty campaigns having big rewards are all over the forum because those days were the peak season in which the price of cryptocurrencies and the market behavior were totally good same as with the reputation of the whole crypto community. But since time flies so fast and lots of circumstances have come concerning trust issues brought by scams that involves most bounties, people somehow loss interest on joining into bounties so rewards have drop down into a fair reward just to be able to get something to earn with unlike the old times. |
|
|
|
What do you think, will Keeping A Record Of Your Losses Will Make You Realize To Stop Gambling?
After seeing that you could have bought a new motorbike or buy an expensive watch on all your losses that you have computed.
It depends on the people because keeping records of your losses can make you have a good or bad realization which will be dependent on the mindset a certain individual have. Maybe for some, doing such can be helpful because they will realize that there are more important things to spend with rather than using it on playing gambing. But on the other hand, there are types of people who are being triggered to urge on playing more because seeing the record of their losses awakes the beast inside them wanting to keep on trying to play back to be able to win back their losses. There are also people who gets depress or being stressed out seeing those records of losses making them to have regrets that they should not have played gambling at all. There are different ways on how a gambler can cope up to be able to realize whether he will continue to play gambling or just stop. Such ways are dependent on the individual based on his own personality. |
|
|
|
I'm afraid it's quite the opposite: we shouldn't underestimate the power of a government. They let us be for the moment but I'm really wondering if they will do the same in the following years. If India was able to ban Bitcoin along with other countries and there was no civil unrest, I am honestly afraid a Bitcoin ban would only be followed by very small and non-significant protests that would result in.. nothing!
The only thing we can do is try to keep following the path we've started (mine is to keep believing in and supporting BTC) and hope a ban or harsher regulations aren't coming.
I agree. We must not underestimate the power the government have because if they want to, they can stop users from using cryptocurrencies just like what happened to those countries where a total whether temporary or permanent ban have already happened. Despite of the fact that cryptocurrencies are decentralized, still government have the power of the law to implement the banning of crypto currency usage since an individual using cryptocurrency is residing in a certain territory of a country. We just need to follow what the government wants on the proper moderation of using cryptocurrency to avoid letting them to make such actions against cryptocurrency once they think that usage of crypto is not good for their people. We just need to continue on doing what we used to do which is for me keep on using and holding cryptocurrency even market is on ups or downs because time will really tell what will happen i the future since we do not know what can happen because there are certain factors that may contribute and affect on the future we expect. Let us just wait and see. |
|
|
|
Have you known that there is an age restriction in gambling? But it is varied among the countries in the world. I have just checked in wikipedia that commonly someone can play gambling starting from the age of 15/16/18/19/20/21 years. It depends on where he lives, every country may have different regulation related to the age restriction. Below I classify some countries based on the age restriction: Age 5: Malawi (Casino) Age 15: Iceland (lottery) Age 16: United Kingdom (Football pool, Scratchcards), Estonia (other), New Zealand (instant kiwi) Age 18: Australia, Kiribati, Nauru, New Zealand (horse racing), Palau, Solomon Islands, Tuvalu, Vanuatu, Vanuatu, Albania, Austria, Belarus, Bulgaria, Croatia, Czech Republic, Denmark, Faroe Islands, Finland, France, Germany, Gibraltar, México, etc Age 19: South Korea, Canada, USA Age 20: New Zealand (Casino), Sweden (Casino), Japan, Nigeria Age 21: Belgium, Estonia (Casino), Armenia, India, Lebanon, Macau, Malaysia, Philippines (casino), Singapore, Taiwan, Vietnam, Cote d'Ivoire, Egypt, Namibia, Niger (casino), Bahamas, Saint Kitts and Nevis, US Virgin Islands (casino), USA, Macau Age 23: Greece
Source & more detail information: https://en.wikipedia.org/wiki/Gambling_age#cite_note-27It was not surprising to me knowing that there are really age restrictions on playing gambling or entering into casinos that depends on the country where do they belong because just like vices (alcoholic beverages and cigarettes) which must not be sold to minors here in our country, playing gambing do also must have restrictions to avoid minors or kids to play gambling at an early age to avoid the case of getting addicted on playing since young minds are not that tough enough to resist temptations brought by playing such games added the fact that you can win rewards like money on it. But it is really surprising how young the age restriction on Malawi do have. Well, maybe it depends on the beliefs they do have that affects such age restrictions. Age restrictions on playing gambling do matters on different country depending on culture or tradition or norms they have as well as the government that implements such rules of restrictions. Having age restrictions are not that because it just takes cover young minds not to be involved on playing games like gambling at an early stage to avoid addiction since it involves money. |
|
|
|
We all know cryptocurrency. We Buying and selling different types of altcoins in different exchanges. Many of altcoins have the same features, total supply, blockchain, even number of decimals, But in their prices, there is a huge difference. So, there is one question that appears at this point that "What matters to grow the price of an Altcoin ?". Is it makes a high price by listing on many different exchanges or the team works behind that altcoin/project? Or something else. This is a big question which all of us want to know.
Well, part of the factors or elements that matters to the people to get into that Altcoin are the team behind it and the exchange where it was listed because that matters on some of us with regards to choosing the cryptocurrency we would buy which concerns the trust on the exchange and the team developers behind that project. Well, of course what matters most in an Altcoin is the project itself which involves the main feature of the project where we can see the objective, idea and technological advancement that it can offer us since we are into seeking for great solution using cryptocurrencies that is the main aim why projects are being launched. Checking up on these elements investors as well as the people in the crypto community will make the Altcoin matter depending on its value based on those elements to make the demand which will make the price goes up or down. Also, the market conditions do also matters on the pricing of Altcoins because the market is volatile, then it depends on the behavior if the price will go up or down. Certain factors do matters and are needed to be considered that affects the price increase or decrease of a certain Altcoin in the market. |
|
|
|
|
Show Posts
