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The odds against you
Why do most traders lose and wash out of the markets? Emotional and mindless trading are big reasons, but there is another. Markets are actually set up so that most traders must lose money. The trading industry slowly kills traders with commissions and slippage.
You pay commissions for entering and exiting trades. Slippage is the difference between the price at which you place your order and the price at which it gets filled. When you place a limit order, it is filled at your price or better, or not at all. When you feel eager to enter or exit and place a market order, it's often filled at a worse price than prevailed when you placed it.
Most amateurs are unaware of the harm done by commissions and slippage, just as medieval peasants could not imagine that tiny invisible germs could kill them. If you ignore slippage and deal with a broker who charges high commissions, you're acting like a peasant who drinks from a communal pool during a cholera epidemic.
The trading industry keeps draining huge amounts of money from the markets. Exchanges, regulators, brokers, and advisors live off the markets, while generations of traders keep washing out. Markets need a fresh supply of losers just as builders of the ancient pyramids needed a fresh supply of slaves. Losers bring money into the markets, which is necessary for the prosperity of the trading industry.
From the book
STUDY GUIDE
FOR THE NEW TRADING FOR A LIVING
DR. ALEXANDER ELDER
#bozitari
Why do most traders lose and wash out of the markets? Emotional and mindless trading are big reasons, but there is another. Markets are actually set up so that most traders must lose money. The trading industry slowly kills traders with commissions and slippage.
You pay commissions for entering and exiting trades. Slippage is the difference between the price at which you place your order and the price at which it gets filled. When you place a limit order, it is filled at your price or better, or not at all. When you feel eager to enter or exit and place a market order, it's often filled at a worse price than prevailed when you placed it.
Most amateurs are unaware of the harm done by commissions and slippage, just as medieval peasants could not imagine that tiny invisible germs could kill them. If you ignore slippage and deal with a broker who charges high commissions, you're acting like a peasant who drinks from a communal pool during a cholera epidemic.
The trading industry keeps draining huge amounts of money from the markets. Exchanges, regulators, brokers, and advisors live off the markets, while generations of traders keep washing out. Markets need a fresh supply of losers just as builders of the ancient pyramids needed a fresh supply of slaves. Losers bring money into the markets, which is necessary for the prosperity of the trading industry.
From the book
STUDY GUIDE
FOR THE NEW TRADING FOR A LIVING
DR. ALEXANDER ELDER
#bozitari
Get ready for action!
Doodles ($DOOD) is set to debut on Alpha and Futures this May 9, offering up to 50x leverage.
Following the launch, qualifying users will receive an airdrop.
Starting May 13, #Binance will introduce a revamped Alpha Points program, rewarding users with airdrops and TGE incentives.
Big moves are coming—stay tuned!#bozitari #TradeStories
Doodles ($DOOD) is set to debut on Alpha and Futures this May 9, offering up to 50x leverage.
Following the launch, qualifying users will receive an airdrop.
Starting May 13, #Binance will introduce a revamped Alpha Points program, rewarding users with airdrops and TGE incentives.
Big moves are coming—stay tuned!#bozitari #TradeStories
Bismillayarabbi:
I am waiting good news
A Man's Game?
Brokerage house records indicate that most traders are male. The files of my firm, Elder.com, confirm that approximately 85 to 90 percent of traders are male The percentage of women traders among my clients, however, has more than doubled since the original edition of Trading for a Living was written twenty years ago.
The English language being what it is, "he" flows better than "he or she" or jumping between the two pronouns. To make reading easier, I'll use the masculine pronoun throughout this book. Of course, no disrespect is Intended to the many women traders
As a matter of fact, I find that the percentage of successful traders is higher among women. As a group, they tend to be more disciplined and less arrogant than men.
From the book
STUDY GUIDE
FOR THE NEW TRADING FOR A LIVING
DR. ALEXANDER ELDER
#bozitari
Brokerage house records indicate that most traders are male. The files of my firm, Elder.com, confirm that approximately 85 to 90 percent of traders are male The percentage of women traders among my clients, however, has more than doubled since the original edition of Trading for a Living was written twenty years ago.
The English language being what it is, "he" flows better than "he or she" or jumping between the two pronouns. To make reading easier, I'll use the masculine pronoun throughout this book. Of course, no disrespect is Intended to the many women traders
As a matter of fact, I find that the percentage of successful traders is higher among women. As a group, they tend to be more disciplined and less arrogant than men.
From the book
STUDY GUIDE
FOR THE NEW TRADING FOR A LIVING
DR. ALEXANDER ELDER
#bozitari
How I Began to Trade
How I Began to Trade
In the summer of 1976, I drove from New York to California. I took along a few books on psychiatry (I was a first-year psychiatric resident), several histories, and put a paperback copy of Engel's How to Buy Stocks into the trunk of my old Dodge. Little did I know that a dog-eared paperback, borrowed from a lawyer friend, would in due time change the course of my life. That friend, incidentally, had a perfect reverse golden touch-any investment he touched went under water. But that's another story.
I gulped down the Engel book in campgrounds across America, finishing it on a Pacific beach in La Jolla. I had known nothing about the stock market, and the idea of making money by thinking gripped me.
I grew up in the Soviet Union in the days when it was, in the words of a former U.S. president, "an evil empire." I hated the Soviet system and wanted to get out, but emigration was forbidden. I entered college at 16, graduated medical school at 22, completed my residency, and then took a job as a ship's doctor. Now I could break free! I jumped the Soviet ship in Abidjan, Ivory Coast.
I ran to the U.S. Embassy through the clogged dusty streets of an African port city, chased by my ex-crewmates. The embassy put me in a "safe house" and then on a plane to New York. I landed at Kennedy Airport in February 1974, arriving from Africa with $25 in my pocket. I spoke some English, but did not know a soul in this country.
I had no idea what stocks, bonds, futures, or options were and sometimes got a queasy feeling just from looking at the American dollar bills in my wallet. In the old country, a handful of them could buy you three years in Siberia.
Reading How to Buy Stocks opened a whole new world for me. When I returned to New York, I bought my first stock-it was KinderCare. A very bad thing happened-I made money on my first trade and then the second one, leaving me with a delusion that making money in the markets was easy. It took me a couple of years to get rid of that notion.
My professional career proceeded on a separate track. I completed a residency in psychiatry at a major university hospital, studied at the New York Psychoanalytic Institute, and served as book editor for the largest psychiatric newspaper in the United States. I still have my license, but my professional practice these days is at most an hour or two per month. I am busy trading, love traveling, and do some teaching.
Learning to trade has been a long journey-with soaring highs and aching lows. In moving forward-or in circles-I repeatedly knocked my head against the wall and ran my trading account into the ground. Each time I returned to a hospital job, put a stake together, read, thought, did more testing, and then started trading again.
My trading slowly improved, but the breakthrough came when I realized that the key to winning was inside my head and not inside a computer. Psychiatry gave me the insight into trading that I will share with you.
From the book
STUDY GUIDE
FOR THE NEW TRADING FOR A LIVING
DR. ALEXANDER ELDER
#bozitari
In the summer of 1976, I drove from New York to California. I took along a few books on psychiatry (I was a first-year psychiatric resident), several histories, and put a paperback copy of Engel's How to Buy Stocks into the trunk of my old Dodge. Little did I know that a dog-eared paperback, borrowed from a lawyer friend, would in due time change the course of my life. That friend, incidentally, had a perfect reverse golden touch-any investment he touched went under water. But that's another story.
I gulped down the Engel book in campgrounds across America, finishing it on a Pacific beach in La Jolla. I had known nothing about the stock market, and the idea of making money by thinking gripped me.
I grew up in the Soviet Union in the days when it was, in the words of a former U.S. president, "an evil empire." I hated the Soviet system and wanted to get out, but emigration was forbidden. I entered college at 16, graduated medical school at 22, completed my residency, and then took a job as a ship's doctor. Now I could break free! I jumped the Soviet ship in Abidjan, Ivory Coast.
I ran to the U.S. Embassy through the clogged dusty streets of an African port city, chased by my ex-crewmates. The embassy put me in a "safe house" and then on a plane to New York. I landed at Kennedy Airport in February 1974, arriving from Africa with $25 in my pocket. I spoke some English, but did not know a soul in this country.
I had no idea what stocks, bonds, futures, or options were and sometimes got a queasy feeling just from looking at the American dollar bills in my wallet. In the old country, a handful of them could buy you three years in Siberia.
Reading How to Buy Stocks opened a whole new world for me. When I returned to New York, I bought my first stock-it was KinderCare. A very bad thing happened-I made money on my first trade and then the second one, leaving me with a delusion that making money in the markets was easy. It took me a couple of years to get rid of that notion.
My professional career proceeded on a separate track. I completed a residency in psychiatry at a major university hospital, studied at the New York Psychoanalytic Institute, and served as book editor for the largest psychiatric newspaper in the United States. I still have my license, but my professional practice these days is at most an hour or two per month. I am busy trading, love traveling, and do some teaching.
Learning to trade has been a long journey-with soaring highs and aching lows. In moving forward-or in circles-I repeatedly knocked my head against the wall and ran my trading account into the ground. Each time I returned to a hospital job, put a stake together, read, thought, did more testing, and then started trading again.
My trading slowly improved, but the breakthrough came when I realized that the key to winning was inside my head and not inside a computer. Psychiatry gave me the insight into trading that I will share with you.
From the book
STUDY GUIDE
FOR THE NEW TRADING FOR A LIVING
DR. ALEXANDER ELDER
#bozitari
The first time #Bitcoin hit $100K, Ethereum was at $4K.
The second time BTC reached $100K, ETH was at $3.9K.
The third time, ETH dropped to $3.7K.
Fourth time: $3.4K.
Fifth: $3K.
Sixth: $2.7K.
Now, Bitcoin is nearing $100K again… and ETH is just $1.8K.
That’s never happened before.
Maybe it’s time to consider alternatives to Ethereum. Coins like:
$TON , $SUI , $SOL, $BNB , and $LTC may offer better upside.
🔹 The Old Man ETH is losing its edge.
Is there a new leader in town?
#bozitari
#Write2Earn
#BTC
The second time BTC reached $100K, ETH was at $3.9K.
The third time, ETH dropped to $3.7K.
Fourth time: $3.4K.
Fifth: $3K.
Sixth: $2.7K.
Now, Bitcoin is nearing $100K again… and ETH is just $1.8K.
That’s never happened before.
Maybe it’s time to consider alternatives to Ethereum. Coins like:
$TON , $SUI , $SOL, $BNB , and $LTC may offer better upside.
🔹 The Old Man ETH is losing its edge.
Is there a new leader in town?
#bozitari
#Write2Earn
#BTC
Top 3 Altcoins Set to Skyrocket in 2025
Top 3 #altcoins Set to Skyrocket in 2025
As the crypto market gears up for its next bull run, three altcoins are standing out with serious breakout potential in 2025: Cosmos (ATOM), EOS, and AAVE. These projects are not just riding the wave — they’re actively shaping the future of blockchain technology, from cross-chain innovation to scalable decentralized finance (DeFi).
Reminder: Always do your own research before making any investment decisions!
---
1. Cosmos (ATOM): The Backbone of the Interoperable Blockchain Future
Cosmos is evolving beyond its original vision of interoperability. In 2025, it's becoming the infrastructure layer powering a new generation of cross-chain applications. With widespread adoption of the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol, more networks are choosing Cosmos to unlock seamless interoperability.
Key Highlights:
dYdX has fully migrated to the Cosmos ecosystem.
The launch of Mesh Security enables app-chains to lease security from others in the network.
The Interchain Scheduler improves cross-chain transaction efficiency.
Why $ATOM? Cosmos is quietly becoming essential to the future of DeFi, NFTs, and scalable dApps in a multi-chain world.
---
2. EOS: From Comeback Kid to Scalable dApp Powerhouse
Once written off by many, EOS is making a strong resurgence in 2025, fueled by a renewed vision under the EOS Network Foundation. With the powerful Antelope protocol upgrade, EOS is refocusing on what matters: scalability, affordability, and enterprise-grade solutions.
Key Developments:
A new Ethereum Virtual Machine (EVM) is attracting Solidity developers to build on EOS.
The Yield+ program rewards DeFi projects for providing liquidity.
DAOs can now launch on EOS with zero-fee governance.
Why $EOS? It’s rapidly transforming into a fast, low-cost platform ideal for dApps that require speed, scale, and real-world usability.
---
3. AAVE: Leading the Charge in Next-Gen DeFi Lending
AAVE remains at the forefront of DeFi, and its 2025 roadmap shows no signs of slowing down. With the release of v4, AAVE introduces major upgrades aimed at expanding access and efficiency — including isolated markets, advanced interest models, and undercollateralized lending for verified users.
Notable Innovations:
The GHO stablecoin is now widely supported across wallets and hardware devices.
Institutions are accessing AAVE liquidity via secure enterprise-grade portals.
AAVE is piloting on-chain models for invoice financing and tokenized treasuries.
Why $AAVE? By bridging traditional finance with decentralized tools, AAVE is laying the foundation for broader financial adoption of DeFi.
---
These three altcoins are more than just speculation — they’re real projects solving real problems, with strong momentum heading into 2025. Stay sharp, stay informed, and as always: invest wisely.
#bozitari #Write2Earn!
As the crypto market gears up for its next bull run, three altcoins are standing out with serious breakout potential in 2025: Cosmos (ATOM), EOS, and AAVE. These projects are not just riding the wave — they’re actively shaping the future of blockchain technology, from cross-chain innovation to scalable decentralized finance (DeFi).
Reminder: Always do your own research before making any investment decisions!
---
1. Cosmos (ATOM): The Backbone of the Interoperable Blockchain Future
Cosmos is evolving beyond its original vision of interoperability. In 2025, it's becoming the infrastructure layer powering a new generation of cross-chain applications. With widespread adoption of the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol, more networks are choosing Cosmos to unlock seamless interoperability.
Key Highlights:
dYdX has fully migrated to the Cosmos ecosystem.
The launch of Mesh Security enables app-chains to lease security from others in the network.
The Interchain Scheduler improves cross-chain transaction efficiency.
Why $ATOM? Cosmos is quietly becoming essential to the future of DeFi, NFTs, and scalable dApps in a multi-chain world.
---
2. EOS: From Comeback Kid to Scalable dApp Powerhouse
Once written off by many, EOS is making a strong resurgence in 2025, fueled by a renewed vision under the EOS Network Foundation. With the powerful Antelope protocol upgrade, EOS is refocusing on what matters: scalability, affordability, and enterprise-grade solutions.
Key Developments:
A new Ethereum Virtual Machine (EVM) is attracting Solidity developers to build on EOS.
The Yield+ program rewards DeFi projects for providing liquidity.
DAOs can now launch on EOS with zero-fee governance.
Why $EOS? It’s rapidly transforming into a fast, low-cost platform ideal for dApps that require speed, scale, and real-world usability.
---
3. AAVE: Leading the Charge in Next-Gen DeFi Lending
AAVE remains at the forefront of DeFi, and its 2025 roadmap shows no signs of slowing down. With the release of v4, AAVE introduces major upgrades aimed at expanding access and efficiency — including isolated markets, advanced interest models, and undercollateralized lending for verified users.
Notable Innovations:
The GHO stablecoin is now widely supported across wallets and hardware devices.
Institutions are accessing AAVE liquidity via secure enterprise-grade portals.
AAVE is piloting on-chain models for invoice financing and tokenized treasuries.
Why $AAVE? By bridging traditional finance with decentralized tools, AAVE is laying the foundation for broader financial adoption of DeFi.
---
These three altcoins are more than just speculation — they’re real projects solving real problems, with strong momentum heading into 2025. Stay sharp, stay informed, and as always: invest wisely.
#bozitari #Write2Earn!
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