Latest Posts with Trading Psychology tag

Trading Psychology

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Fundamental Analysis Check-list

24 Sep 2021 1 minute read 3 comments LEMehdi

Even though fundamental analysis in cryptocurrency trading has always helped in determining the general trend of the market, it's still a vast ocean of information that can confuse the best of traders. What makes matters worse is the fact that this i...

Living on Cryptocurrency Trading

20 Sep 2021 3 minute read 0 comments LEMehdi

Is trading cryptocurrencies for a living possible? It's the question that is on everyone's mind when they start trading crypto. It's the question that is on your mind too, right now! And it is totally legitimate. Why would you commit to something if...

Availability Heuristic and Why You Should Ignore Moonshot Stories

18 Sep 2021 2 minute read 1 comment TheCryptoShrink

We've all heard the stories about someone throwing money at crypto and making it rich. Lots of these people were very early adopters, in when prices were very low. Others, to put it bluntly, were just lucky; like the people who bought into a memecoin...

Cryptocurrency Trading: The 4 Forbidden Biases

13 Sep 2021 3 minute read 1 comment LEMehdi

In cryptocurrency trading, or any other type of trading for that matter, being biased is making trading decisions on the assumption, not the evidence, that we are right. It's when someone has a predisposition of the market. In other words, it's when...

Cryptocurrency Trading: How to Use Indicators to Maximize Profits

4 Sep 2021 6 minute read 0 comments LEMehdi

Cryptocurrency trading, or any other trading for that matter, is highly unpredictable. George Soros, the legendary trader and who made $1 billion dollar in a single day on his trade against the GBP, once said:  "The markets generally are unpredictab...

Trading Basics: How to trade breakouts? Real vs False Breakout | Trading for Beginners | DailyCoin

30 Aug 2021 1 minute read 0 comments DailyCoin

  Learn the basics of trading. This time professional trader Joe Damien explains how to identify the real price breakout and not get burned from the false one.   This video is for information purposes only and should not be considered trading or inv...

Risk Management in Cryptocurrency Tading: It’s about time!

20 Aug 2021 5 minute read 0 comments LEMehdi

Can people stand losing money? Of course not. Nobody likes losing their money. But then, why does it happen to the majority of traders? Why does it happen to me? And I think it’s very likely that it happens to you too, doesn’t it? I think that we are...

You'll Never Change My Mind: Belief Perseverance

15 Jul 2021 2 minute read 0 comments TheCryptoShrink

I've known a lot of people in my life who I just won't debate with. I know they'll never change their mind no matter what kind of proof or argument I have to offer them. It's like talking to a wall, and it's really frustrating. Except I do it too. Fo...

I'm the Best! Understanding Illusory Superiority

7 Jul 2021 2 minute read 1 comment TheCryptoShrink

I like to think that I'm smarter than average. Probably also a better driver than most. Definitely better than average at my job. But I'm also not alone in believing that. You probably believe those same things, and maybe more. In fact, the vast majo...

Change Your Perspective: Stop Being Hard on Yourself

28 Jun 2021 2 minute read 2 comments HuffHappens

Sometimes life gets hard. You may not get the job you wanted, experience a break-up, or you may just be having a bad day. From this comes the nights that you lay in bed and think about all the mistakes or wrong turns you may have made.  Examining the...