Trading based on logic or ego?

in #bitcoin6 years ago (edited)

Bitcoin, STEEM and Ethereum are heading down. the whole crypto ecosystem is falling down as the total market cap has reached 200 Billion USD.

We have done fundamental analysis and Technical Analysis as well, to manage our risks, minimize the loss and maximize the profits. But did we follow our knowledge and wisdom or we just got played by our own EGO?

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If you call yourself a trader, you should be very aware of your ego, not to let him rule your logic and make your knowledge a slave of your emotions. while emotions are seriously necessary for some business skills like negotiations and human interactions, there is nothing they can do for your trade positions and decisions.

Bitcoin to challenge lower lows

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I have mentioned couple of times, 2018 has been and will be a boring year for cryptos, since the cool off after a hot 2017 was needed PLUS the mindset of the a new (and huge) adaptors should get prepared with the whole ecosystem.

This would take effort and cost, for those who haven't followed their logic.

but in the fundamental side, I still remain positive for Ethereum and STEEM.

it doesn't mean I promote a bullish trend. I believe the trend has changed in to a short-term to mid-term bearish, with a chance to get bullish in 2019; but even this is not my point:

My point is, a smart trader should be able to change, to accept, to admit and to reconsider his/her decisions and comments, based on new evidences and market facts.

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You have a minor misspelling in the following sentence:

But did we follow our knowlege and wisdom or we just got played by our own EGO?.
It should be knowledge instead of knowlege.

👍 modified

Totally agree with you, a lot of new investors are coming in and the market is still very young. I hope that we can see some more bullish pattern late 2018/early 2019

fingers crossed 🤞

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