TyaoღHZGB
Frequent Trader
4.8 Years
人生只有一次。
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Three Basic Assumptions OR Preconditions of Technical Analysis:
1. Market behavior encompasses and digests everything.
2. Prices evolve in trends.
3. History tends to repeat itself.
1. Market behavior encompasses and digests everything.
2. Prices evolve in trends.
3. History tends to repeat itself.
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The vast majority of people never learned anything through self-study in their entire lives.
It's not that they haven't studied or haven't struggled, but the fact is: they never truly understood those basic knowledge under the circumstances of having someone teach, guide, or push them... What's even more frightening is that among the things they learned, the vast majority only had one use throughout their lives: exams.
So, after the exams, those things became 'discarded once tested'... It must be admitted that exam-oriented education is indeed the most effective way to extinguish self-learning ability.
In the subsequent life, even though they can realize that they should learn something, there is often the thought of 'if only I could also do this' but it basically ends in helplessness — there’s no one to teach, no one to guide, no one to push anymore... So, every time the determination to 'start anew' silently changes to 'continue as is' and then during festivals, they once again wish for 'a fresh start'...
It's not that they haven't studied or haven't struggled, but the fact is: they never truly understood those basic knowledge under the circumstances of having someone teach, guide, or push them... What's even more frightening is that among the things they learned, the vast majority only had one use throughout their lives: exams.
So, after the exams, those things became 'discarded once tested'... It must be admitted that exam-oriented education is indeed the most effective way to extinguish self-learning ability.
In the subsequent life, even though they can realize that they should learn something, there is often the thought of 'if only I could also do this' but it basically ends in helplessness — there’s no one to teach, no one to guide, no one to push anymore... So, every time the determination to 'start anew' silently changes to 'continue as is' and then during festivals, they once again wish for 'a fresh start'...
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People underestimate the difficulty of trading, yet greatly overestimate their own abilities.
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Position
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A successful trade should be 'small bets for large returns', using 'limited' losses to gain 'substantial' profits.
From this perspective, trading is a finite game.
Losses are the 'cost' of trading, and in a trading system with a positive 'expected value', one must be willing to incur losses to ultimately achieve victory.
From this perspective, trading is a probability game.
From this perspective, trading is a finite game.
Losses are the 'cost' of trading, and in a trading system with a positive 'expected value', one must be willing to incur losses to ultimately achieve victory.
From this perspective, trading is a probability game.
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$PENDLE Since the head and shoulders bottom did not form, we can only look down.
$ASTER
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Today I redesigned a trading journal system with Notion AI, which can be said to be quite detailed and complicated, requiring me to fill in and review a lot of content. It includes a checklist before opening positions, the process of holding positions, and reviews after closing positions.
Trading is a serious matter and needs to be taken seriously. I hope to see the changes this system brings me.
It's late at night, and there are only 2 things to do now:
Place orders, sleep.
$BTC
$ETH
Trading is a serious matter and needs to be taken seriously. I hope to see the changes this system brings me.
It's late at night, and there are only 2 things to do now:
Place orders, sleep.
$BTC
$ETH
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A veteran figure in Ethereum deposited 18,000 $ETH ($54.78 million) into #Bitstamp 8 hours ago.
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$ETH This is very clear, it can be done in a few days, no need to change it.
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$BTC This should not be poked down? It's only less than -1.5%
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$BTC price increase, positions have been decreasing, indicating that the bulls have been reducing their positions, and then.....
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Open short mode.....$HYPE
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The rebound that lasted for a week may be coming to an end, and next we will probably continue to sprint towards a bear market.....
Just a reminder: tomorrow is the weekend, those who understand will understand.
$ETH
Just a reminder: tomorrow is the weekend, those who understand will understand.
$ETH
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$NEAR Standard triangle, E point explosive volume iconic candlestick, long upper shadow, 175K, continuation structure.
This week, under the overall rebound of the big cake and the second cake, this thing stubbornly oscillated at a low level, and the rebound strength was extremely weak. I have to believe that this is an excellent shorting target.
Combined with the larger trend, the structure is complete, tomorrow is the weekend, it is necessary to short it once.
This week, under the overall rebound of the big cake and the second cake, this thing stubbornly oscillated at a low level, and the rebound strength was extremely weak. I have to believe that this is an excellent shorting target.
Combined with the larger trend, the structure is complete, tomorrow is the weekend, it is necessary to short it once.
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It's better to draw like this, more macro, following the trend. $ASTER
$ASTER seems to be recovering, the position has increased by 40%, reaching the previous high point, but the trading volume remains sluggish, should we start?
{future}(ASTERUSDT)
{future}(ASTERUSDT)
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$ASTER seems to be recovering, the position has increased by 40%, reaching the previous high point, but the trading volume remains sluggish, should we start?
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How Kahneman's 'Thinking, Fast and Slow' Guides Our Trading
(Thinking, Fast and Slow) the real insight for cryptocurrency traders is that there are two people living in our brains:
One is the impulsive poet who loves stories, who gets excited when the market goes up and cries when it goes down (System 1).
The other is the lazy, slow, cold-blooded accountant who only looks at numbers (System 2).
99% of liquidations in the cryptocurrency market are orders placed by poets. The remaining 1% are orders placed after the poet knocks out the accountant.
Kahneman tells us in 700 pages: you will never defeat the poet; the only thing you can do is wake the accountant before he takes action.
Here are the ten cruel insights that cryptocurrency traders should post on their screens:
One is the impulsive poet who loves stories, who gets excited when the market goes up and cries when it goes down (System 1).
The other is the lazy, slow, cold-blooded accountant who only looks at numbers (System 2).
99% of liquidations in the cryptocurrency market are orders placed by poets. The remaining 1% are orders placed after the poet knocks out the accountant.
Kahneman tells us in 700 pages: you will never defeat the poet; the only thing you can do is wake the accountant before he takes action.
Here are the ten cruel insights that cryptocurrency traders should post on their screens:
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After reading Kahneman's "Thinking, Fast and Slow", my biggest gain is not learning to be rational,
but finally admitting: I am not rational at all.
The cryptocurrency market is not about competing with the big players or the project teams, but about battling with that lazy, story-telling poet in my own mind.
Losing to the big players, you just lose money;
losing to the poet, you end up with nothing left.
So,
don't believe in "I have a strong feeling" anymore.
That is not a feeling; it's System 1 pressing your hand to help you click "all in".
Kahneman said:
"We think we are thinking, but most of the time we are just making excuses for ourselves."
Then, make fewer decisions that only impress yourself.
In the cryptocurrency market, living long feels more like a miracle than making a lot of money.
but finally admitting: I am not rational at all.
The cryptocurrency market is not about competing with the big players or the project teams, but about battling with that lazy, story-telling poet in my own mind.
Losing to the big players, you just lose money;
losing to the poet, you end up with nothing left.
So,
don't believe in "I have a strong feeling" anymore.
That is not a feeling; it's System 1 pressing your hand to help you click "all in".
Kahneman said:
"We think we are thinking, but most of the time we are just making excuses for ourselves."
Then, make fewer decisions that only impress yourself.
In the cryptocurrency market, living long feels more like a miracle than making a lot of money.
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$ETH What can I say about this market? Jumping around?
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