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/biz/ - Business & Finance

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19320661 No.19320661 [Reply] [Original]

https://www.youtube.com/watch?v=AglvA1tduMA

This trading psychology video came up in my recommendations, and it left an impact on me. It's about the insights about trading gained by observing the psychology of a famous Japanese trader (known as BNF) who grew a $14k account to $150M in 9 years.

Here's a quote from the video:
"As soon as you think about what you can do with so much profit ...you never have a chance to gain the amount of money you desire."
I do that all the time, but I need to stop.

Do the active traders of /biz/ have any more trading psychology resources?

>> No.19320754

that's a woman

>> No.19320916

that's a man

>> No.19320936

This guy just casually made $20k trading gold.

https://www.youtube.com/watch?v=DmVwsuhD130

>> No.19320954

>>19320936
>This guy just casually made $20k trading gold.
I'm getting emotional looking at that profit, but that's what he said not to do in his last video. How......

>> No.19321072

>>19320661
>if you think about the result of your deaire, you never gonna have it
This is complete opposite of visualization and achieving, which dictate you need to think about the “what you gonna do with money” and focuse on that to achieve money.
What’s the basis around the video idea?

>> No.19321221

>>19321072
In trading psychology, the goal is to maintain as neutral of a perception on reality as possible. Emotion taints technical judgement and prevents you from seeing all of the reality presented by the chart. Think of the bulltard who is blind to bearish setups (and vice versa to be fair).

>> No.19321238

>>19321221
That's right. Visualization is for getting out of bed in the morning and sure things like lifting. In trading or Poker I want to the dispassionate Zen monk state of mind.

>> No.19321295

I want to visit 2chan's version of /biz/. BNF used to hang out there.

https://www.youtube.com/watch?v=PXGZZZ65aIk

>> No.19321397

>>19321295
Start at 15:42 in the video:
> Words of BNF
"The most important thing about investment is when you exit. Exit timing is the very key. You must put your effort and focus on minimizing the losses, then your profit will grow naturally."
"If the market goes down more than I expected, I cut the loss as early as possible without waiting for the price to come back."
"A chart should be as simple as possible. Market either goes up or down after all. No matter how complex or how simple my analysis becomes, all that metters is whether it goes up or down."
"Whether I take swing, day, or scalp totally depends on the market."

>> No.19321436

>>19320661
Damn I bet her cock is cute.

>> No.19321752
File: 253 KB, 1024x1024, 0hlADkRFStM255EhuUDGlMOTJPNQEAcSlmE2okVAxEOUAMfiRuEWgmWB5aMxo6YSp6HSAhFBd3BjotRAh8NXUAdRxCMjk9Vnd6JhIgYVoTMztSSQ9mWXR4AVoQa1dXIXU4TSF8Cl8XZBtVcSEwTSN8Wg.jpg [View same] [iqdb] [saucenao] [google]
19321752

>>19321436

>> No.19322338

>>19320661
I don't think biz is mature enough for such topics but yes if you master your psychology and act like a robot then trading isn't about money anymore it's about the 'being right about the probability of an outcome' kinda thing