Psychology Talk Series # 5: How to Win that Trade with Nothing but a Brain 🚀🚀

in #cryptocurrency7 years ago (edited)

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We have seen a lot of articles with bullet-form of * insert number * things you need to have, do, or watch when you want to make sure you earn big in some latest trading. Funny how they fool so many people with that made-up positivity used to scam the hell out of your enthusiastic ass willing to do anything under the sun to really get some of that cha-ching. Now, you gotta take this article differently, because I'm going to preach you with nothing but the truth about this bubble you've been worrying about the past days. I will provide you useful things to do that are not pure bullshit positivity but are rather ninja-ish moves that deliver progress.

A financial bubble is a bubble of human emotions piling up doomed to burst at any short period of time from the moment it has started. Yes, it is a combination of the inevitable fear of missing out and failure to keep a rational point of view when it comes to dealing with people you're competing or "working" with. A bubble grows out of the easy-to-manipulate obsession of a group of people over something that many could use to make profits from. The obsession grows and grows along with the amount of money exchanged in the bubble until it falls off due to not an intervention of factors from a rational influence but in one's choice to lay off the FOMO.

FOMO info: Its subconsciously working power🚀🚀


You see, the fear of missing out is a proven social issue memebers of the society acceptably have a hard time dealing with. It leads to extreme measures like perhaps a poor person robbing somebody to afford a cruise in Asia everyone is joining. In trading, it is even worse to get through the thought that there is a possibility--always an equally divided chance for each of the following:

  • You get high earnings with the rest of the group joining the bubble: FOMO is gone, earnings are goooood
  • You don't join the bubble while the rest of those who joined the bubble sit their asses on a hell of profit: FOMO level 99999999
  • You end up wasting everything joining the bubble while others you know get to celebrate: FOMO level 9999999999 multiplied by the amount of the earnings of those who won the trade

Psych it up!🚀🚀


There is no science or psychology to one hundred percent save your ass from this FOMO, but there is psychology in the way you can work your way around it instead. Having a third person perspective is always an advantage but in trade situations, nobody else could be trusted but yourself, therefore you make yourself your own third person looking at everything from the top of it all.

The way to do it is by evaluating what majority of the people would do and in a certain case imagined, what would you? This simple exercise opens your sense of having a more firm grip on the situation you are in. You know the basics of human behavior when it comes to finances especially your own, and it would not be difficult to make forecasts of future behaviors of the people in the bubble with the following factors in doing so:

  • Assessing yourself whether you are a typical investor or not. If yes, assume others (still just a certain percentage of the majority) are like you, then use it to determine what majority would then do. If you're not a typical one, study the motives and movements of the rest of the people by observing their recent activities even the past ones. From there, find the counter-psychology move you could make to have nice outcomes.
  • Making sure that the golden thing is well studied--predict duration, estimate changes in values, calculate frequency of changes and the level of changes to use it and connect it once again to the assessment you have made. Tracing graphs by drawing on them is one technique. You have to be a little "scientist" to method the hell out of these activities--investigate.
  • Take away the greed factor in all the assessments. All bubbles are an issue of trend, and it is an underrated information psychology seeks to reveal to you now.

    When you feel like you have a hold on things, no fear of any sort could get in the way like that damn FOMO.

Psychological Gospel....(??)🚀🚀


There is no deep routes in reaching a great outcome in trading.It is important that psychological factors are watched but of course the knowledge on the inner workings of the market beyond the field of psychology plays a vital role as well. There is no trick up my sleeve at the moment, writing this to help your brain get a clearer view of all the current trade situations going on.

Psychology does not provide magic. It provides reasons, and I have just reasoned to you things you probably do not have much time reflecting on the way I just did.








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