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Topic: Reversal Psychology ! - page 2. (Read 576 times)

full member
Activity: 854
Merit: 100
The OGz Club
May 27, 2021, 06:56:36 AM
#44
Grateful, panic, it is all in a package with our emotion. Basic thing that we must be good at beside technical analysis. Because if we can't control our emotion, not only we always feel not enough, but panic in every suddenly movement of market can cause we get big losses too and then regret it.

Sometimes we need to listen to our perspectives which of could came to a wrong decision with respect to losses. However, controlling our emotions would possibly affects us internally because when market drops badly regrets also comes in. You'll think of an idea of what ifs, like you're taking advantage by the time the market got an outstanding price then you'll choose not to panic.
So, this made an idealistic point of view now and we should follow what our heart says to avoid certain regrets.
In essence we have to be able to control ourselves because in my opinion it is very influential in making a decision,
the most important thing in any condition try to keep our minds calm,
and in such a condition the market falls indirectly it creates panic but we have to control it
sr. member
Activity: 1484
Merit: 277
May 26, 2021, 07:17:29 PM
#43
Grateful, panic, it is all in a package with our emotion. Basic thing that we must be good at beside technical analysis. Because if we can't control our emotion, not only we always feel not enough, but panic in every suddenly movement of market can cause we get big losses too and then regret it.

Sometimes we need to listen to our perspectives which of could came to a wrong decision with respect to losses. However, controlling our emotions would possibly affects us internally because when market drops badly regrets also comes in. You'll think of an idea of what ifs, like you're taking advantage by the time the market got an outstanding price then you'll choose not to panic.
So, this made an idealistic point of view now and we should follow what our heart says to avoid certain regrets.
sr. member
Activity: 1438
Merit: 273
Undeads.com - P2E Runner Game
May 26, 2021, 06:56:22 PM
#42
Grateful, panic, it is all in a package with our emotion. Basic thing that we must be good at beside technical analysis. Because if we can't control our emotion, not only we always feel not enough, but panic in every suddenly movement of market can cause we get big losses too and then regret it.
legendary
Activity: 3066
Merit: 1126
May 26, 2021, 06:24:27 PM
#41
One has to focus on both the Technical and Fundamental analysis because poor knowledge in one may lead to inaccurate analysis whereby, making it look like the market tends to work against our trades.
A very good psychology coupled with risk management would be a perequisite for a good trader cause this being one of the  characteristics of successful traders who had really acquired much from the market.

IMHO, you shouldn't pay attention to technical analysis about price forecasting at all, because technical analysis, like graphical analysis, works for the time being and will never predict a price collapse for you. Not a single indicator showed that a collapse was coming soon, the indicators began to work after the collapse began. The best way to determine market sentiment is fundamental analysis, statements of some large companies or states even before they get into the media. Here is the best indicator, and technical analysis is more suitable for trading, leave it to speculators.
Why would focus on one if you can have both? Technicals plus Fundamentals would be a good tandem if you do ask be but somehow this will require more effort and time for you to seek out these information
for you own benefit or to be add up into your analysis. There no thing on this world would able to happen on what would happen next but at least there are some hints which you can really presume out
on possibilities of things to happen ahead basing up into that sentiment that you have seen. Its up to someone on how they would really be taking it and
make out some appropriate actions for you to utilize such stuff.
sr. member
Activity: 1386
Merit: 269
bitonator.tangled.com/join
May 26, 2021, 03:23:14 PM
#40
 If I could guess the price would go up I would sell my car, home and take a lot of debt for all in, because I believe I will get very rich doing all of that - I don't think that's a good attitude, nobody knows what the market will look like tomorrow, and betting on luck is not professional. I am of the opinion that the psychological aspect of trading is a most important skill, and anyone who is mentally unstable has no place in this market, they should rather play in the casino
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
May 24, 2021, 02:59:26 PM
#39
Reverse psychology happens every time in the market which can be link to poor fundamental and technical analysis. Most individuals do not always pay much attention to the fundamental aspect of the market which is why they tend to fall into this same psychology of thinking that the market is always paying attention to their market executions.

One has to focus on both the Technical and Fundamental analysis because poor knowledge in one may lead to inaccurate analysis whereby, making it look like the market tends to work against our trades.

A very good psychology coupled with risk management would be a perequisite for a good trader cause this being one of the  characteristics of successful traders who had really acquired much from the market.
legendary
Activity: 3444
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
May 24, 2021, 03:46:31 AM
#38
we will have times where we lose and we will also have times where we win.
Nothing can be consistent and so we can't continuously predict the direction of the market.
I think there is a merit to being aware of what you can and can't do, that is a very important thing to do. Self awareness in the crypto world could basically save you a lot and that is why I think it is very important to not trust yourself completely forever but not doubting yourself completely neither. So, if you know the fact that sometimes you are right and sometimes you are wrong, best course of action is to act as if you are always right while knowing some of them will be wrong and hope that the wrong ones are less of a loss than the right ones profit.

So, you make 100 actions, doesn't matter how many of them are right or wrong because sometimes 99 right could be wiped by one huge loss, so after 100 actions if you are still in profit that is the one that matters.
hero member
Activity: 2618
Merit: 712
Nothing lasts forever
May 22, 2021, 12:39:15 PM
#37
Yes what OP said is true. I always used to believe that the market is always going against me back when I started trading.
But later I started holding and realized that isn't the case. HODLing gave me good profits and so I have started trading again.
I am learning more about the analysis and I think it is important to know that there will be trades where you lose but there will also be trades where we win.
Giving in the efforts to analyze and to know when to enter the market is the crucial thing IMO.
I do not believe in such things as reverse psychology because all these things are just making you weak. If you do the opposite of what you analyze then basically you are doubting your own skills and it is rather gambling than trading. Imagine how would you feel if you predicted the market to go up but you sold your coins because of this bullshit reverse psychology and then the market moves as you predicted, upwards.

LMAO, that actually makes sense but as I said, we will have times where we lose and we will also have times where we win.
Nothing can be consistent and so we can't continuously predict the direction of the market.

Quote
It might sound irrational but even crypto trading can be mastered if you just learn what is the right type of trading for you. Some people would prefer altcoins trading, some will have the best techniques for day trading while some might just want to hold. Just see what works for you with small amounts and the one that actually works for elongated periods, just stick with it.

HODLing has been more beneficial for me and I will always stick to it but at the same time I am also trying to learn to trade with some strategies.
I have allocated myself a portion of my portfolio which I can use to trade while the rest is meant for HODL.
hero member
Activity: 2464
Merit: 585
May 22, 2021, 12:05:47 PM
#36
Yes what OP said is true. I always used to believe that the market is always going against me back when I started trading.
But later I started holding and realized that isn't the case. HODLing gave me good profits and so I have started trading again.
I am learning more about the analysis and I think it is important to know that there will be trades where you lose but there will also be trades where we win.
Giving in the efforts to analyze and to know when to enter the market is the crucial thing IMO.
I do not believe in such things as reverse psychology because all these things are just making you weak. If you do the opposite of what you analyze then basically you are doubting your own skills and it is rather gambling than trading. Imagine how would you feel if you predicted the market to go up but you sold your coins because of this bullshit reverse psychology and then the market moves as you predicted, upwards.

It might sound irrational but even crypto trading can be mastered if you just learn what is the right type of trading for you. Some people would prefer altcoins trading, some will have the best techniques for day trading while some might just want to hold. Just see what works for you with small amounts and the one that actually works for elongated periods, just stick with it.
jr. member
Activity: 378
Merit: 2
Behind The Curve
May 20, 2021, 11:08:53 AM
#35
Because I am a contrarian investor, I am very happy to buy when the market is pessimistic and I will sell when the market is optimistic.
and I don't care good or bad news be it from Elon.M or McAfee or... etc
For trading, just take profit as needed.
Every time I post I always say that: The opportunity is definitely there, don't worry if you miss it and I am not  follower a Hype / Fomo
Patience to buy and patience to sell is the key
It may sound like nonsense, but I've been in  the stock and crypto markets for quite a while. and I learned a lot from it.
hero member
Activity: 2618
Merit: 712
Nothing lasts forever
May 16, 2021, 01:14:11 PM
#34
Yes what OP said is true. I always used to believe that the market is always going against me back when I started trading.
But later I started holding and realized that isn't the case. HODLing gave me good profits and so I have started trading again.
I am learning more about the analysis and I think it is important to know that there will be trades where you lose but there will also be trades where we win.
Giving in the efforts to analyze and to know when to enter the market is the crucial thing IMO.
legendary
Activity: 3066
Merit: 1168
May 15, 2021, 03:12:17 PM
#33
I have a different concept when it comes to psychology, for me psychology is the same all the time, I even talked to a psychologist one day about the psychology of trading and he told me that it was nothing to write home about, that that was an invention to sell, the psychology is always the same, for trading as for sports, personality must be taken into consideration and how is its ability to solve problems in the event of a crisis, based on this it is that possible vulnerabilities.

For years I am saying that everything is gambling! It's the psychology or philosophy, take it as you like, we risk what we have to make more! Even everyday job is investing yourself (body, mind, and soul) to get some money! So it's simple, we invest what we have, it's our capital, bankroll, you name it... capital can be money, body, mind, and soul! In poker we would say, each of us gets the cards, how we will play it, it's up to us!
So whatever we do, whatever we are trying, we are gambling... we are risking what we have to make the profit! Of course, with more knowledge and experience we can minimize the risks, but nothing is risk-free in this world, in this life! And where is the risk, there is gambling!

Psychology is the same because the process is the same! We always risk (gamble) with something we have to earn more money! How we do it, and what works is another story to tell! But when you find something that works for you, something that pays off, you will do it as long as it last, and you will try to become better at that!
full member
Activity: 1204
Merit: 162
May 15, 2021, 02:19:08 PM
#32
When talking about reverse psychology I tried that and I can tell you that I had more success in trading when I traded against my feel. Doing the opposite of what I had in mind payed of the most.
legendary
Activity: 2338
Merit: 1838
Leading Crypto Sports Betting & Casino Platform
May 14, 2021, 07:31:15 PM
#31
I have a different concept when it comes to psychology, for me psychology is the same all the time, I even talked to a psychologist one day about the psychology of trading and he told me that it was nothing to write home about, that that was an invention to sell, the psychology is always the same, for trading as for sports, personality must be taken into consideration and how is its ability to solve problems in the event of a crisis, based on this it is that possible vulnerabilities.
legendary
Activity: 2016
Merit: 1313
May 14, 2021, 05:29:50 AM
#30
When you heartfully thank for what you get then probably you may not go greedy further; when you are not feeling grateful and then not showing gratitude, you will definitely become more greedy which is the point your emotions are getting more power to control you.
Thats right. It is only applicable if you arent satisfy enough. This is sometime a gamble to oneself. Everyone came to this point where they are asking themselves should I go for it or not? Then if something good happened. DAMN I should have done it. But when something bad occur, shit good thing I didn't insist on doing it. There's gonna be chain of possibility but if you fully decide 100% then having regrets are not an option whether we gain little that should be bigger when we dumped earlier.
legendary
Activity: 2800
Merit: 1150
May 13, 2021, 05:58:02 AM
#29
Be grateful cauae you already gained from it.
This is definitely a psychological suggestion.

When you heartfully thank for what you get then probably you may not go greedy further; when you are not feeling grateful and then not showing gratitude, you will definitely become more greedy which is the point your emotions are getting more power to control you.

It is needed for a trader to have a strong mind and strong heart on doing this
Yeah, it is all about self-control.

Self-control will help a trader to stick within plans. Your plans must include when to enter and where to exit. This simply eliminates the chances of being aggressive or being panic. Just going by plan will get rid off psychological dominance.
legendary
Activity: 2016
Merit: 1313
May 11, 2021, 10:02:13 PM
#28
for example when we have made a profit and do not immediately cut profit, even though we have reached the target we want. this we hope the price will continue to rally continually. things like that happen a lot, where greed haunts us
This is where people tend to have mistakes. They already win but they seek more and more resulting to losing instead of gaining. Ive been like this many times over and trust me it's better to control oneself even though the coin or tokem you bought increase than your selling price. Be grateful cauae you already gained from it. Be contended with what you already profited.
legendary
Activity: 2324
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
May 11, 2021, 07:06:30 PM
#27
At first, before getting into trading, you must already be aware that there is associated risks on doing this kind of trading specially in a highly volatile market wherein you have a bigger percentage to get loss if you will not be doing anything and will not strategize your trading properly. It is needed for a trader to have a strong mind and strong heart on doing this because if you lack those, you will not be able to keep up on trading and will cause you early retirement for you cannot endure such situations.
legendary
Activity: 2786
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
May 11, 2021, 03:41:11 PM
#26
Always sticking with trading plans will be helping to achieving consistent results from trading. Switching over plans/targets may end up regrets at most of the times.
When your predictions are good and accurate then probably you never need to modify your plans and targets. So, psychology will come into action only when you are not doing good with the technical part. The real problem is, under pressurized market conditions you cannot take the right decision which is the reason emotional traders are most of the time facing big losses in the end.

To handle your emotions more effectively then you must have plans for your emotions as well. Taking short break and not chasing your losses kind of things will help along with strict stop-loss for your all trades.
copper member
Activity: 2702
Merit: 1247
Try Gunbot for a month go to -> https://gunbot.ph
May 11, 2021, 12:19:51 PM
#25
Going opposite of your initial plan would be happening because of anything like emotional failures or market condition but at long as you are making profit, that is not a problem in the case of market conditions but if you're reversing just because of emotions that may not help all the times which the real problem here.
I think that's the main problem with people. Acting based on emotions. Imagine being in a relationship and you are fighting each other by words and most of the terrible cases are because of the overwhelming emotions that people have. It's the human thing that makes us more vulnerable.

Always sticking with trading plans will be helping to achieving consistent results from trading. Switching over plans/targets may end up regrets at most of the times.
Consistency is the key that's why I would prefer a bot instead of myself, unless I feel I want to risk it.
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