#psychology Stoicism for a trader is the ability to remain calm, regardless of successes or failures. ⭐Ryan Holiday's stoicism ⭐ 👉In trading, stoicism can also be viewed as a way to maintain psychological resilience and confidence. Many traders experience constant stress and pressure, aiming to avoid losses or increase profits. Stoicism teaches us to treat this pressure not as a threat, but as an opportunity to develop patience, self-control, and strategic thinking. 👉Through stoic thinking, a trader learns to be independent of external conditions: their internal state does not waver with charts and news. This approach helps prevent emotional burnout, as the trader stops constantly "fighting" with the market and instead focuses on following their plan, viewing challenges as inevitable steps on the path to success. 👉Moreover, stoicism cultivates a readiness for failure, which is inevitable in trading. This doesn’t mean the trader becomes indifferent; rather, they become a realist who does not equate their mistakes with their self-worth. Mistakes are not a reason for self-criticism, but simply experience. This mindset frees one from perfectionism, reduces the fear of mistakes, and instills confidence that each step, even a mistaken one, brings them closer to their goal. @StrategyATR
#psychology Top Mistakes of Trading Beginners 👉Trading Without Understanding Beginners often start trading without basic knowledge, thinking it's an easy way to make money. However, it's important to realize that trading is not a quick path to profit. Success requires strategy, analysis, and patience. Learn the fundamentals to approach trading with awareness. 👉Ignoring Risks Many beginners fail to plan for potential losses. Remember to assess how much you’re willing to lose. Trading is about the right strategy, analysis, and patience. These elements are key to achieving stable results. 👉Expecting Quick Profits Trading is not a way to make fast money; it’s a process that requires time and self-development. Set long-term goals and continuously improve your skills. 👉Lack of Strategy Entering the market without a clear plan is like falling into the trap of random decisions. Only a well-thought-out strategy will help you adapt to market changes and make the right decisions. 👉Emotions Over Rationality Fear and greed can lead to mistakes. True success comes to those who analyze the market unemotionally and make decisions with a clear mind.
The limit resistance level is very strong, the upward trend is still relevant, I’m waiting for a breakout to the top and an impulse to 3600 - 4000 , Week on the chart
#BTC☀ #BTC500K The weekly bar for Bitcoin (BTC) closed within the range of the previous week, which is good, as the trend continues to remain bullish both globally and locally. $BTC
Since March, RAY has been holding a price of 1.45. It’s possible that positions are being accumulated for an upward move. RAY is a Solana-based token that powers the Raydium network.
#psychology 👀Problems of a trader who doesn't follow trading rules:
Chaotic decision-making: The trader acts impulsively, ignoring pre-established rules and signals. This leads to poor decisions and increased risk. Emotional instability: Without a clear plan, the trader relies on emotions, causing stress and panic during losses or market fluctuations. Lack of analysis: By neglecting algorithms, the trader skips important steps in analysis, making trading unsystematic. Increased losses: Disregarding rules leads to more losing trades and capital loss.
🤝Recommendations:
Develop and strictly follow a clear trading algorithm based on precise entry and exit rules. Conduct thorough market analysis before making any decisions. Control emotions and limit risks through effective capital management rules. 🎁
While Bitcoin remains stagnant after its rise, altcoins are gaining momentum. DYDX might show growth, as it has held the level at last month's low and is now trading higher
The AAVE coin has shown a slight increase since February, rising from 146 to 156. This is a good dynamic for growth. Aave (AAVE) is an Ethereum token that powers Aave, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. $AAVE
Since March, RAY has been holding a price of 1.45. It’s possible that positions are being accumulated for an upward move. RAY is a Solana-based token that powers the Raydium network.
The DeFi project on the Arbitrum network, the SYN token, has held its value well compared to other tokens and has not seen significant drops. It is currently trading above 0.5, and there is potential for growth.