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How your Ego will destroy your trading performance
In the high-stakes world of trading, success is not merely a matter of knowledge and strategy. There exists a less tangible, yet equally formidable adversary that every trader must confront: the ego. Often overlooked, the ego can silently erode the foundations of sound decision-making and disciplined trading practices.
The pitfalls of ego-driven trading
Overconfidence: Traders who fall into this trap believe they can consistently outsmart the market, leading to excessive risk-taking and disregar
The pitfalls of ego-driven trading
Overconfidence: Traders who fall into this trap believe they can consistently outsmart the market, leading to excessive risk-taking and disregar
"Invest time before you invest Money"
Some of us invested in $BTC then shifted our entire portfolio to $BONK lured by its allure, and now are contemplating moving everything into $FET or other AI-based technologies.
Let's pause for the duration of an article â a few minutes will suffice.
This wisdom is attributed to Andreas M. Antonopoulos, a celebrated advocate for Bitcoin and blockchain technology:
"Invest time before you invest money."
Quite thought-provoking, isn't it?
Particularly in an era where instant gratification is the n
Let's pause for the duration of an article â a few minutes will suffice.
This wisdom is attributed to Andreas M. Antonopoulos, a celebrated advocate for Bitcoin and blockchain technology:
"Invest time before you invest money."
Quite thought-provoking, isn't it?
Particularly in an era where instant gratification is the n
Every single day in which your money did not bring you money or knowledge is a day lost.
#Launchpool #Aevo
#Launchpool #Aevo
True, damn well said
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False, you canât say that
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Serious question: Are you a trader or a gambler?
Did you recently sell in a panic?
Yesterday, we observed Bitcoin dropping from nearly its All-Time High ($69,000) to around $61,000. Did you sell in a panic?
If yes, it might be because you let your emotions trade for you, and emotions are widely recognized as "not the best" advisors for making investment decisions.
In fact, by the time emotions take over, it's already too late.
This is why having a system in place to prevent emotions from kicking in is a key part of trading if you want to rema
Yesterday, we observed Bitcoin dropping from nearly its All-Time High ($69,000) to around $61,000. Did you sell in a panic?
If yes, it might be because you let your emotions trade for you, and emotions are widely recognized as "not the best" advisors for making investment decisions.
In fact, by the time emotions take over, it's already too late.
This is why having a system in place to prevent emotions from kicking in is a key part of trading if you want to rema
If you ask yourself THIS question, greed will harm your life
Greed can make you lose (even more) control
"Greed" is described as an excessive desire for wealth, especially to the extent that it leads to irrational decision-making.
Stoicism, an ancient Greek philosophy, advocates for the recognition of what is within our control and what is not, urging individuals to direct their efforts and energy towards their actions and attitudes rather than external events.
In contrast, greed frequently leads traders to overlook or underestimate risks in their quest f
"Greed" is described as an excessive desire for wealth, especially to the extent that it leads to irrational decision-making.
Stoicism, an ancient Greek philosophy, advocates for the recognition of what is within our control and what is not, urging individuals to direct their efforts and energy towards their actions and attitudes rather than external events.
In contrast, greed frequently leads traders to overlook or underestimate risks in their quest f
HODL like your life depends on it
$BTC #Bitcoin
I never imagined I could become a millionnaire
I'm not one yet, but now I feel it's realistic to think that one day, I will be. This isn't a sudden lack of humility that struck me one morning. It just seems we're in a world where there's a scenario in which, by investing a certain amount of money now (let's say USD 10,000), it could grow to a million in 10 years, or less.
I was tempted to write that no skills are needed, but in fact, that's incorrect. Two skills are essential:
P
I never imagined I could become a millionnaire
I'm not one yet, but now I feel it's realistic to think that one day, I will be. This isn't a sudden lack of humility that struck me one morning. It just seems we're in a world where there's a scenario in which, by investing a certain amount of money now (let's say USD 10,000), it could grow to a million in 10 years, or less.
I was tempted to write that no skills are needed, but in fact, that's incorrect. Two skills are essential:
P