#TradingPsychology

The road to success: fundamentals, technical aspects

1. Fundamentals: Fundamental analysis used to be the only true or reasonable way to make trading decisions. People who do fundamental analysis can find that the prediction of the price reaching a certain point in the future is correct, and at the same time, the price fluctuations are too strong, making it difficult to continue to hold the position to achieve the goal.

2. Technical aspect: Technical analysis can make up for the gap in reality, turn the market into endless opportunities, and enrich opportunities

Thought Analysis

1. You feel that there are unlimited possibilities to make money, but in fact you can't make any money. This is a gap between your thinking and reality.

2. Traders will experience emotional pain and financial disasters. Most of them are unlucky and do not have anyone to provide them with proper guidance when they start their trading career.

3. Trading is inherently risky. No single transaction is guaranteed to make money, so the probability of making wrong judgments and losing money always exists.

The temptations and dangers of trading

#attract

The action, the excitement, the desire to be a hero, to attract attention by making money or to feel sorry for yourself by losing money. Trading is an activity that offers unlimited freedom for self-expression, but this contradicts most of our lives.

#Danger

Once we have needs and desires, this opportunity to be denied can make us feel incomplete or lacking something, causing us to feel imbalanced or mentally distressed.

#Safety Measures

1. To trade effectively, we need principles and limits to guide our behavior

2. When there are buying and selling opportunities, the structure provided by the market is the behavior pattern

3. In trading, no one will force you to measure the risk in advance

4. There is no official end time for trading, and the market will not let you exit the trade

5. Trading is full of contradictions. It offers both gifts and curses.

Market analysis: BTC is currently in a weak position. The big brother has finished pulling up the market. Now it is time and opportunity for the altcoins to perform. ETH has ushered in a breakthrough again. It is estimated that there will be a wave of altcoins. The sector rotation has begun. The next one or two weeks will be the time node for the altcoins.

Opportunity: BCH surged due to favorable news, and it has calmed down a bit in the past two days. The 270-275 range is still a good short-term entry opportunity, and the stop loss is 260.

The lending sector also saw a big explosion. The best performers were MKR and COMP. AAVE's increase was relatively small. I personally think there should be a wave of pull-ups. The entry position is 65-67, the stop loss is 61, and the targets are 75, 80, 88.

In addition, BNB has almost no movement in this wave of market. I believe BNB will not fall behind in this wave of market. The entry position is 240-245, stop loss is 225, and the target is 270, 290, 310#BTC #ETH