OK, thanks. Yes, it is still not quite useable ATM.
But hell, if we let TA aside, as a computer scientist, I cannot help but find it THE answer to blockchain scaling issues/dead end. Someone had to come with something like this (there is not a lot of true mathematical solutions, graph is the only viable one), and it's IOTA, as for now. The vision behind it is great. I will wait for it to mature… Or to fail, but I do not think so.
sexual desire, hunger, laziness, fear and greed - these are the forces that turn this world around and you can not do anything about them. What you can do is to manage your risk.
In the cash market without leverage commit no more than 30% of your available funds to such games and you'll be just fine.
Let's say that if I could stop losing confidence when fears appears, I would be way wealthier.
I tend to analyze right, then panic and trash it all just to find I was right in the first place. I guess this comes with experience, and I'll have to wait.
(And yeah, I already noticed that margin trading is a panic/stupid mistake booster)
Right with you, buddy. It stings, but what can you do. Try to learn, manage risk, and don't be too hard on yourself. At least that's what I try to do. Perfectionism and impatience can be quite harmful in investing/trading. All successful professionals say you need a system/strategy, and you need to stick to that with discipline. And play small with that strategy until you start seeing results consistently enough. Mind you, even successful professionals can be wrong 50% of the time -- the difference comes from how they manage downside risk vs. upside potential and results.
All of this sounds quite obvious, at least it has to me. But to actually follow it -- that's seriously quite hard and takes practice. I've also learnt the hard way to protect capital during this learning period. Play small, keep working on your strategy until you have confidence to increase the bets. Yes, it stings to see the "oh, I saw that coming" moments or miss out because you were playing too safe, but if one doesn't have a track record and system based on experience to place the bets with confidence and without stressing too much, at least I've found it's not worth it.
TL;DR -- Having a strategy, built with experience by only risking rather little capital, and then sticking to it when it has proven to work, is the key to successful and emotionally less taxing investing/trading, I believe.
Thanks.
I was obviously thinking about ETH (and IOTA resilience will be of great interest to me, but as far as I know yo do not actively follow it).
Don't see any resilience in IOTA. I've tried it myself and got rid of it. The technology is still very raw.
OK, thanks. Yes, it is still not quite useable ATM.
But hell, if we let TA aside, as a computer scientist, I cannot help but find it THE answer to blockchain scaling issues/dead end. Someone had to come with something like this (there is not a lot of true mathematical solutions, graph is the only viable one), and it's IOTA, as for now. The vision behind it is great. I will wait for it to mature… Or to fail, but I do not think so.
It's a great speculative tool though. It has one of the best rates of price velocity and volatility.
I still have to master some stupid fears to be able to fully play this game. :)
sexual desire, hunger, laziness, fear and greed - these are the forces that turn this world around and you can not do anything about them. What you can do is to manage your risk.
In the cash market without leverage commit no more than 30% of your available funds to such games and you'll be just fine.
Let's say that if I could stop losing confidence when fears appears, I would be way wealthier.
I tend to analyze right, then panic and trash it all just to find I was right in the first place. I guess this comes with experience, and I'll have to wait.
(And yeah, I already noticed that margin trading is a panic/stupid mistake booster)
Right with you, buddy. It stings, but what can you do. Try to learn, manage risk, and don't be too hard on yourself. At least that's what I try to do. Perfectionism and impatience can be quite harmful in investing/trading. All successful professionals say you need a system/strategy, and you need to stick to that with discipline. And play small with that strategy until you start seeing results consistently enough. Mind you, even successful professionals can be wrong 50% of the time -- the difference comes from how they manage downside risk vs. upside potential and results.
All of this sounds quite obvious, at least it has to me. But to actually follow it -- that's seriously quite hard and takes practice. I've also learnt the hard way to protect capital during this learning period. Play small, keep working on your strategy until you have confidence to increase the bets. Yes, it stings to see the "oh, I saw that coming" moments or miss out because you were playing too safe, but if one doesn't have a track record and system based on experience to place the bets with confidence and without stressing too much, at least I've found it's not worth it.
TL;DR -- Having a strategy, built with experience by only risking rather little capital, and then sticking to it when it has proven to work, is the key to successful and emotionally less taxing investing/trading, I believe.