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Undermining the Fear of Missing Out: Research-Based Investing

Prices can go up on less turnover because there are more willing buyers than willing sellers and not because there’s thousands or millions of buyers. It’s a ratio, not an absolute number.

And when prices start trending more and more people start watching. The more they wait, they become more emotionally engaged and play vivid images in their heads seeing pictures of what could have been.

It’s electronic cocaine for your mind.

We all have a potent concoction of biases influencing our behaviour.

The antidote is to be aware they exist.

Money Management, Edge, and Position Side Trump Charts and Indicators for Cryptocurrency Investing

Excitement, anticipation, awe. The thrill of seeing something new for the first time releases powerful chemicals in your brain. Swimming in a cocktail of dopamine you see the potential of your discovery. At last, you have the key to the life you are destined for. The life you’ve always wanted.

On the 23rd of May 1995, three well-dressed twenty-somethings walked into a casino in Monte Carlo.

It was nothing to do with luck.

It’s fabulous, it’s glamorous, and it’s true.

But our heroes had a secret.

Effects of an Underlying Irrational Mindset on Trading Crypto

“What separates the consistent winners from everyone else?”

The consistent winners, the five percent, profit consistently from the other ninety-five percent. They’re systematic and ruthless.

If you sit down in front of your computer, fund an account and begin trading in cryptocurrencies (or any other financial market) without an understanding of edge, position size and money management, the odds are high you are going to become a fully paid-up member of the 95% club.

You might as well take your seat at the slots in your local casino.

Perhaps you’re thinking, you’d never play the slots because it’s a mug's game.

If you start trading cryptocurrencies without an understanding of your biases, (and how they affect you), and without understanding your edge, you might as well be sitting in front of the video game reels pressing the bet button.