After some long day(s) of trading, do you feel mentally exhausted?If the answer is affirmative, keeps reading this blog post as you're about to learn a few gems that are going to change your trading and life forever. Let's dive-in talking about Dopamine and why regulating it must be a priority.
Introduction Bulls suffer for 3 years since the 2017 top with $BTC at $20000 (on Coinbase) We had some good volatility in 2018 and then in the first half of 2019, and then as you all know, Bitcoin used to range at the 10K, then 6K then 3K levels for months. Without volatility and volume, a trader cannot do much magic here. It was quite hard to trade Bitcoin and alts due to the lack of interest from the institutions and retail. But now, the good fundamental news are released almost on a daily basis. Paypal enabling payment with crypto for their US customers, Microstrategy, Grayscale, Square, ... investing massively in Bitcoin. Plus, we know have many more "blockchain" indicators...
We humans are simple creatures.We like to boil down complex situations into a single number. For example, the economy is complex. So we reduce it to one number -- GDP. Valuing a company is complex. So we reduce it to one number -- a P/E ratio.And so on.
I'm a big advocate that always trading with the same stop-loss and take profits regardless of the chart configuration is a losing strategy.Let's cover 3 easy steps that you can use TODAY to increase drastically your gains and more importantly, reduce your losses.