Just do the opposite of what you think and you will make money

in #bitcoin3 years ago

If you are losing money trading, have you no fear, you have a winning trading strategy!

Have you ever seen the show Seinfeld?

If you are an American and over the age of 30, there is a very good chance you have heard of it and probably watched quite a few episodes...

Well there is one in particular episode where one of the main characters, George, tends to have pretty bad luck in life.

Both with women and in his career.

He comes to an epiphany at one point and says look my life is the sum of all my choices leading up to this point.

What if I did the exact opposite of every thing leading up to this point, instead of things being bad, they'd be great! (by his logic).

So, that day he goes out and does the exact opposite of everything his first instinct tells him to do...

What happens?

Everything ends up working out for him!

At least for a little while.

(Source: https://youtube/cKUvKE3bQlY)

That is a fictional situation of course but that same theory can be applied to your trading and investing strategy.

Are you consistently losing money?

If so, that's a good thing, you just need to do the opposite of whatever you think you need to do!

If you want to long something, go short instead.

If you want to sell something, buy it instead.

Keep in mind that this is mostly a humorous ironic post and not actual investment advice, but it is something to think about.

There was a stretch where I was consistently losing money trying to buy a certain type of chart setup.

So, what did I do?

Instead of longing that trade setup, I started shorting it.

And guess what....

I started making money.

Keep in mind that this was trading based on technicals and it was based off of 5 min. charts, and may not apply to longer time frames etc.

Anyways, if things are consistently going one way, just do the opposite and they should consistently going the other. :)

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Might be looking simple but this post is really awesome ☺️ this is what Kiyosaki is advising in his famous book: take the risks in order to get more profitable. Why not doing the opposite you used to then? Great idea to take in count. 💡 Gonna reesteem. 🔁 Regards.

Yep! This should be my motto yesterday!!
Fear is a terrible thing. It freezes the mind!

Why didn't I think of this

!upvote 90

This is an amazing post

Hi, @jondoeYour post has been supported by @damurq from the .

Thank you for your contribution,

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