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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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14405352 No.14405352 [Reply] [Original]

we can take drops of thousands if not tens of thousands with out feeling anything and vice versa

>> No.14405559

>>14405352
is that the real expertise gained in trading? stoicism and avoiding emotional trading? the rest is pseudoscience?

>> No.14405674

>>14405559
You got it! You deserve a standing ovation.

>> No.14405688

>>14405352
I don't feel anything when bitcoin drops because I don't feel anything

>> No.14405690

>>14405559
Yes, this is the absolute meta of trading.

>> No.14405702

>>14405674
That’s not very stoic

>> No.14405748

>>14405702
*stands and claps with no emotion on his face as he stares at OP* You've made it OP.

>> No.14405809

>>14405559
Your new psychopathic personality allows you to actually use the techniques, instead of just rationalizing your emotions with them

>> No.14405856
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14405856

>>14405559
>stoicism and avoiding emotional trading?

Yes. Put together a strategy and stick to it. You can be losing your shit all day about how the thing isn't going the correct direction but you still trade according to the god damn strategy. The goal isn't necessarily to keep control of your emotions. Hell, I'm stomping around throwing shit constantly about the markets and crypto, but that is not permitted to change my number entering and button clicking decisions.

However, if you're getting wrecked over and over, you should take a closer look at your strategy and analyze whether it's statistically valid or not relative to market trends.

>> No.14405969
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14405969

>>14405559
>he didn't sell
>the writing is all over the wall
>the indicators show trend reversal
>he's still high on hopium
oh no no no no no
lad your only hope is if the daily stays above 9500. once 6PM UTC happens and it's below that, say goodbye. JUST ONCE.

>> No.14406002
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14406002

>>14405856
there's no good strategy that's still in bitcorn unless you trade daily candles and bought at 5k. the guy is 100% prepared to emotion trade he's asking for advice. but i agree with your sentiment. strategy makes money, "financial special tactics" gets you liq'd.

>> No.14406811

>>14405674
>>14405690
>>14405809
>>14405856
the only way to develop this mindset is to make the mistakes yourself tho

>> No.14406975

>>14406811
true

>> No.14407130

>>14406811
Experience doesn't come easy.

>> No.14407180

You will never be more emotionless than trading bots

>> No.14407204

>>14407180
I'm currently writing a bot that experiences deep fomo

>> No.14407265
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14407265

>>14407204

Nice.

>> No.14407367
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14407367

>>14407204
based