Learn more about psychology with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Follow The Trend
Following trends requires a special skill, which is no skill at all. Ignore expert advice, the news, and any other exogenous forces. The only tool necessary is a simple chart that displays the path of least resistance of the price.
The process is entirely objective, while fundamental analysis is completely subjective.
James Surowiecki argues that the many are smarter than the few and collective wisdom shapes business, economies, societies, and nations. A price chart is the roadmap of the crowd’s wisdom.
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Buying The Low
Human nature is a powerful force, but it deludes us to believe our gut instincts. When the price of an asset falls to a level where an investor or trader believes is a logical, reasonable, and rational low, they perceive the price as a bargain.
After an initial purchase, if the price contin...
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50 reads
Example Of Selling At ATH
The annual chart of wood price has never traded over $493.50 per 1,000 board (1993 ATH) before 2017.
After falling to a low of $251.50 in early 2020 as the global pandemic gripped markets across all asset classes, the price took off on the u...
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Suppressing Emotions are Harder Than You Think
Eliminating ego from all investment and trading decisions starts with ignoring the news, experts, and any inputs other than the herd behavior in markets.
Prices rise & fall to levels that many believe are not sustainable, following trends allows you to take advantage of the...
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Selling At All Time High
Shorting an asset has the same ego dynamics. The market can take prices to levels on the up and downside that defy logic, reason, and rational analysis. There are many instances where prices rise to levels that make no sense.
Selling short and ignoring the power of the trend is dangerous an...
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Vanity & Ego
Vanity is excessive pride in or admiration of one’s own abilities, appearance, or achievements. There is a fine line between vanity and ego. Ego is a person’s sense of self-esteem or self-importance.
Vanity may be the devil’s favorite sin, but ego can be a ...
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Example Of Buying The Low
On April 20, 2020, in the crude oil futures, came to 0$. Who wouldn’t want to buy crude oil at zero? After all, what is the risk?
As the history shows, a purchase of the expiring futures contract at zero looked more than ugly at negative $40 per barrel, the April 20, 2020 low.
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Passionate about crypto Trading since 2015 M.Sc. Chemical engineering Soon Ph.D. Computer science
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