Loss Aversion & Trading: What You NEED to Know 🧠I

I’ve been deep into neuroscience articles, so you don’t have to be! Let’s break down how your brain reacts to gains and losses, and trust me, it’s more powerful than you think when it comes to your trading decisions👇 1. How your brain gets hyped for gains.

When you expect a win, certain parts of your brain literally light up! It’s that thrill of the chase. 🎯 But…

Are you ready to outsmart your own brain?

Listen up traders and investors, it’s crucial to be aware of the psychological tricks that can impact your decision-making.

Time for a thread 🧵

#tradingpsychology #NLP $BTC Loss aversion is the tendency to prefer avoiding losses over acquiring equivalent gains, and to feel more pain from losing than pleasure from winning. It can affect our trading performance and outcomes in various ways.

Here is the one thing I wish I knew about when I started trading. This is a real game changer Time for a #tradingpsychology thread!

🧵 Mastering the Art of Planning Trades Ahead 📈🎯 Traders & Investors! Let's talk about one of the most crucial skills: planning trades ahead! Buckle up, because we're about to embark on a journey that will elevate your trading game.

#TradingPsychology101 #PlanAhead

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I've spent thousands of hours coaching people on (trading) psychology. The insights I'm about to share might help you to shift from a mediocre trading mindset to a stronger trading mindset

Time for a thread 🧵✍️ We must understand that trading goes against your biology and psychology. Keep this premise in your mind while you read this thread!

Few people know that J.Welles Wilders created a bunch of indicators, RSI was one of them. He passed away in April 2021. I am grateful for what he has brought to the trading community.

To honor his work. Here is a thread about #RSI that you won't find anywhere else

🧵👇 Let's start first with what an RSI does. It measures up and down moves and calculates a ratio. It compares the strength of gains to losses over a period, which is by default 14.

3 things I wish I knew about fear and trading before I started trading. Time to wake you up with this trading psychology thread. And because I love you all, you'll get 3 tips from a certified NLP master coach 🎁

A Thread 🧵👇 The F word destroys more than you think. It destroys dreams, mental capital and financial capital. There are many ways to express fear. And loss aversion is one of the strongest expressions of fear. Time to destroy the myth about fear before it destroys you!

Common sense ≠ common practice

We know what's right, but we don't act upon what we know. There is a gap between knowing and doing! So what's happening in that brain of yours, and what can we do?

Let's close the close the gap, shall we?

Time for a thread 🧵 1) What is in for me?

Before we move on. Ask yourself how your trading performance would look like if you acted more upon what you know is right? Can you already see the benefits? And how this makes your life easier? Keep that picture in mind!