1/ All these delusional moon boys with their ridiculous “prediction” #Bitcoin are causing a lot of pain to a lot of people in this space.
There’re two type of traders, predictive traders and reactive traders:
There’re two type of traders, predictive traders and reactive traders:
2/ A predictive trader creates a price bias and makes a prediction based on where they THINK the price will go.
The issue with this strategy is, it allows confirmation bias which filters into their trading strategy - meaning if the trade moves the opposite direction of the...
The issue with this strategy is, it allows confirmation bias which filters into their trading strategy - meaning if the trade moves the opposite direction of the...
3/ …price they predicted, they become reluctant to take the trade, in worst case scenarios, they hodl the losing position.
4/ Then there’s reactive traders. Who let the price contract and then buy volume breaks at the direction of the trend and follow the money flow - which is what moves the market.
5/ In summary, I will let the coin act and let them react because trading at its purest form is following what moves the market and that is not based on an OPINION.
In short, it is the money flow that MOVES the tape, everything else is just NOISE.
In short, it is the money flow that MOVES the tape, everything else is just NOISE.
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