Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: sirty143 on October 02, 2018, 03:10:14 AM
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“A lot of people with high IQs are terrible investors because they’ve got terrible temperaments. And that is why we say that having a certain kind of temperament is more important than brains. You need to keep raw irrational emotion under control. You need patience and discipline and an ability to take losses and adversity without going crazy. You need an ability to not be driven crazy by extreme success.” Charles Munger
Impulsive Bi-Polar Trading Disorder - A trader that is long one moment, short the next, and trading all of the above daily!
Irrational Impulsive Bi-Polar Trading Disorder - Same as above but with 26 open trades!
Schizophrenic Irrational Impulsive Bi-Polar Trading Disorder - Same as all of the above, but get upset, blaming whales and market manipulators for failed trades!
If you have more than 2-3 trades going on simultaneously you are gambling not trading. Good traders focus on 1 or 2 trade instruments a week not 28. Especially when the entire market is trending correlated around Bitcoin'. Why do you need to trade ETH' LTC' NEO' XRP' and Bitcoin'? They are moving together, not trending independently! See more for yourself here (https://www.tradingview.com/chart/BTCUSD/HR69rMnL-Bitcoin-Irrational-Impulsive-Bi-Polar-Trading-Disorder/).
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Lol I tend to agree, its kind of fun blaming whales though, we all need a whipping boy to yell at every now and again.... I usually curse the hidden whales when they start buying when I'm trying to pick up a position lower and its riiight there :D Anyway, good advice and very funny, +Karma.