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/biz/ - Business & Finance


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5059998 No.5059998 [Reply] [Original]

every single trading decision i make is wrong. i have a 100% losing ratio.

I started with a demo on forex and cherry picked what i felt were the best trades and EVERY SINGLE TIME i was wrong big time. i made about 30 trades, all losers. if you had done the opposite and compounded the returns you'd be set for life

how do we harness the consistency of the innate loser inside me?

>> No.5060023

>>5059998
just do the constanza and do always the opposite of what your instincts are telling you to do.

>> No.5060040
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5060040

>> No.5060044

>>5059998
Pls short bitcoin and monero

>> No.5060117
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5060117

Stop day trading. Find a good coin invest and leave it alone. Stocks are just a way of giving impatient peoples money to patient people
T. Snoop dogg

>> No.5060118

>>5059998
Do the opposite, fag.

>> No.5060121

>>5059998
Reely u no loser, you philanthropy guy. u #1 joe. You like M-16 #1

>> No.5060152

read this https://www.seeitmarket.com/market-masters-getting-past-investment-regret-and-counterfactual-thinking-13433/

>> No.5060170

>>5060121
What if he follows that logic and ends up doing the opposite of the opposite

>> No.5060464
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5060464

Do the opposite.

Instead of coming on to biz and investing in whatever people are talking about, STOP and say to yourself - did this go up yesterday? Is it an unknown coin?

If not, then go ahead and invest. Otherwise don't. Simple.

>> No.5060698

>>5060464

This desu, did it with ripple now im crushing it

>> No.5060751

>>5060464

>Is it an unknown coin?

agree with the first point, but not this one. /biz/ is a great place to learn about and discuss new coins

>> No.5060777

>>5060464
>new coins are bad

Retard

>> No.5060850

>>5060117
>Stop day trading

trading =/= daytrading mong

>> No.5060885

>>5059998
I'll throw a little freebie your way.

VeChain has partnered up with DNV GL, PwC, Renault. And currently in talks with Mercedes/BMW.

They announced this 15 minutes ago, and price is already up 22%:
>To highlight, DNV GL has added to Thor in ways we initially were not expecting them too. DNV GL single-handedly pioneered us into cold-chain logistics, an industry that wasn’t on our immediate horizon, by partnering us with a global convenience store franchise with over 24,000 locations; including Japan, China, America, Taiwan, South Korea, Thailand, Philippines, Indonesia and Vietnam.

Most likely 7/11.

>> No.5060890

>>5059998
do this bro.I had to change my thinking to be profitable check these digits

OMG ITS GOING UP!!! I SHOULD SELL

OMG ITS GOING DOWN I SHOULD BUY

YOUR WELCOME

>> No.5060905

>>5060885
Scratch that. Up to 24% now, and rising steadily as the news gets around.

This shit is OMG, except they actually have real partners and a real product.

>> No.5060931

>>5060170
then he same-same. Philanthropy guy. #1 joe!

>> No.5060940

>>5059998
just do the exact opposite of your instincts pretty obvious

>> No.5060964

>>5059998
>DON'T TRADE UNTIL YOU PRACTICE


How the fuck is this hard? Of course you're going to lose if you don't have a reliable strategy.

>> No.5060978

>>5060940
What if that's already what you do and you still get fucked?

What if you introduce random probability into your ultimate choice, as in flipping a coin after all is said and done to decide wether to actually do it?

What if I told you that despite going opposite my gut instincts a random probability of the time, I still do not manage to achieve even a 10% success rate? (success = 2x or more gains)?

I'm cursed

>> No.5061024

>>5060940

what if your instinct tells you to go against the instict

>> No.5061031

>>5060978
don't jump right in do some practice trading until you are protfitble

>> No.5061129

>>5060940
Maybee you should spend time at the track. or go to casino. no make bet, just throw your yen in door and walkee away

>> No.5061226
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5061226

>>5059998
Lurk MOAR op

>> No.5061235

>>5060885
>VeChain has partnered up with DNV GL, PwC, Renault.
Pfffffhahahah, yeah right.

>> No.5061565
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5061565

>>5060885
https://www.coindesk.com/walmart-jd-com-back-blockchain-food-tracking-effort-china/?utm_content=bufferbeafe&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Walmart and JD.com possible partnership with WaBi?

>Walimai (the company behind WaBi) has been selling their products on JD.com

>One of the WaBi's founders had a connection with Tsinghua University mentioned in the article

>Don't forget another possible partnership with the Alibaba group. Check out WaBi's advisors on their website: wacoin.io

>> No.5061612
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5061612

>>5061565
Team will announce partnerships on December 31.

You have only about 1,5 week to start accumulating.

>> No.5061713

>>5059998
You're thinking in one variable, where there are actually two. I'm willing to bet if you did the exact opposite you'd have lost too, because you wait until you lose.

The market doesnt just go up and down, it goes up and down over certain intervals. EUR/USD may be down on the 1H, up on the 1D, and down again on the monthly. This means you would have lost money on a 1H trade but gained on a 24 hour trade. Ofcourse, if you held that 24H trade long enough it would have turned into a loser again.

The most important part of a trading plan is when to take your profits and losses, if you go only by how you feel you will always err towards taking early losses and late profits, since profits feel less good than losses hurt. You'll end up taking a $100 loss, but you'll let a $100 profit ride until it drops and turns into a loser.

Emotions are your enemy. Your trading plan should look like programming language. If this then this. If 30% profit then sell all positions etc.

>> No.5061759

>>5061713
/thread

>> No.5061806

>>5059998
>The next time you make a trade, change it the other way around a microsecond before you actually do it
>???

>> No.5061956

>>5059998
>no pink wojak pic

that's even more retarded than your trading is

>> No.5061984

>>5061713
This
But I would add that on something as tight and liquid as eur/usd you can train yourself to scalp very very fast on small time frames. You want to be just above the bot chop, with indicator that give you a shot at 2-5 pips and then maybe a run. Not using mong 1 minute candles, more like 25, maybe up to 55 tick candles.
At this level it is pure autism though, you have to kind of wire it into your bones, and you must learn to kind of give it a chance at entry, but not much of a chance. If it starts going the wrong way you have to scratch it instantly.
You can't do it with a shitty 1 pip spread. Well I can't. ie you need LMAX or equivalent, not Oanda.

>> No.5062035
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5062035

>>5060040
what if it's your instinct that's telling you to always do the opposite of your instinct

>> No.5062062

>>5059998
Just trade $1 on whatever you would usually trade. Invent an Alter-Ego who spends $1000 on the opposite trades. Winner.

>> No.5062154
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5062154

>>5062035
kek this is literally what happens when your brain gets fried, usually in a consolidation where they chop the false breakouts
>Fuck that trade is wrong, I'll reverse, fuck it's going the other way, repeat, fuck fuck fuck dies

>> No.5062174

OP i hacked your pc and reversed the trade buttons on the exchange webpages months ago. you are actually rich but if i let you see your balance it would ruin your profitability.

you might be in misery now but this is good for you i promise. one day i will show you your real balance

>> No.5062191

>>5059998
Learn to read indicators like MACD.

>> No.5062411

>>5059998
i have a feeling you're only trading off of emotion. of course you will lose money. go to a casino if you wanna gamble.

>> No.5062471

>>5062174
No kidding, sometimes I dream about this being true...

>> No.5062487

Try holding for once

>> No.5062540

>>5062487
Traders can't hold, that's why it's called trading.
They invest in short timed positions.

>> No.5062577

>>5061024
then you turn to the highest being that's helped traders make decisions since the time of ancient rome.

https://wheeldecide.com/wheels/chance-fortune/yes-or-no-decision-maker/

>> No.5062881

> forex

thats your problem

>> No.5062917

>>5059998
Is it really that hard to buy and hold a top5 coin???

>> No.5063703

>>5062917
Top 5 are over bought