6 ways to avoid psychological traps
#tutorial
1. Understanding your own psycho type
The following types are most often taken into account:
-intellectual;
-intuitive;
-instinctive;
This knowledge will help you find the market and strategies that are right for you.
2. Emotional control
Successful traders can track when emotions are blocking their minds and have practices to help them return to rational trading.
3. Work on mistakes
Many people record deals on video and analyze the recordings at the end of the week.
4. Technology limits and restrictions
Pre-set limits will ensure that you cannot lose too much.
5. Community support
When communicating, experienced traders can notice alarming signals in the behavior of their colleagues and track, as well as help with adaptation to the market.
6. Knowledge and systems approach
The ability to apply theory at the right time will help you avoid mistakes in the future.
📘 Learn:
https://nominex.io/my/education/courses/1
📰 Follow the news:
https://bit.ly/3CDJUDj
#tutorial
1. Understanding your own psycho type
The following types are most often taken into account:
-intellectual;
-intuitive;
-instinctive;
This knowledge will help you find the market and strategies that are right for you.
2. Emotional control
Successful traders can track when emotions are blocking their minds and have practices to help them return to rational trading.
3. Work on mistakes
Many people record deals on video and analyze the recordings at the end of the week.
4. Technology limits and restrictions
Pre-set limits will ensure that you cannot lose too much.
5. Community support
When communicating, experienced traders can notice alarming signals in the behavior of their colleagues and track, as well as help with adaptation to the market.
6. Knowledge and systems approach
The ability to apply theory at the right time will help you avoid mistakes in the future.
📘 Learn:
https://nominex.io/my/education/courses/1
📰 Follow the news:
https://bit.ly/3CDJUDj
🔷 Real Squid Game
On November 1, the SQUID token suddenly rose 77 times, to $2856.54, and then fell to 5 cents in 10 minutes. The project site also stopped working. Experts believe that this is a typical scam. Be careful.
🔷 Metaverse
According to Mark, his future metaverse should have expanded the functionality of blockchain platforms, providing for both the creation of smart contracts and the creation of decentralized autonomous organizations.
🔷 New maximum of ETH?
Ethereum's price could rise to $8000 by the end of the year. This point of view is shared by the managing director of global markets of the investment bank Goldman Sachs Bernard Rzimelka
🔷 New crypto era
According to research, 49% of Gen Y people reported that they are comfortable investing in digital assets. 12% named cryptocurrency as the best way for long-term investments.
🔷 Robinhood and burgers
Burger King will distribute 20 BTC to its customers, as well as 200 ETH and two million DOGE. It is a collaboration with Robinhood.
_____
Links
On November 1, the SQUID token suddenly rose 77 times, to $2856.54, and then fell to 5 cents in 10 minutes. The project site also stopped working. Experts believe that this is a typical scam. Be careful.
🔷 Metaverse
According to Mark, his future metaverse should have expanded the functionality of blockchain platforms, providing for both the creation of smart contracts and the creation of decentralized autonomous organizations.
🔷 New maximum of ETH?
Ethereum's price could rise to $8000 by the end of the year. This point of view is shared by the managing director of global markets of the investment bank Goldman Sachs Bernard Rzimelka
🔷 New crypto era
According to research, 49% of Gen Y people reported that they are comfortable investing in digital assets. 12% named cryptocurrency as the best way for long-term investments.
🔷 Robinhood and burgers
Burger King will distribute 20 BTC to its customers, as well as 200 ETH and two million DOGE. It is a collaboration with Robinhood.
_____
Links
📊 Polygon is a network of secure second-tier solutions and autonomous sidechains. Its goal is to increase the scalability of Ethereum and reduce the cost of transactions. Essentially, Matic aims to provide the infrastructure to overcome traditional ecosystem performance bottlenecks so that all types of DApps can handle large volumes of users.
⚙️ MATIC is a utility token used in the Polygon ecosystem. It has a number of use cases including paying network transaction fees and participating in the Polygon Proof-of-Stake consensus mechanism. MATIC has also been integrated into several external platforms as a payment method.
The popular cryptocurrency Polygon (MATIC) rose nearly 29% to $2.24 on October 29.
At the moment it is traded on our exchange at the level of $2.
⬇️ #Pair MATIC / BUSD on Nominex:
https://nominex.io/ru/markets/MATIC/BUSD
⚙️ MATIC is a utility token used in the Polygon ecosystem. It has a number of use cases including paying network transaction fees and participating in the Polygon Proof-of-Stake consensus mechanism. MATIC has also been integrated into several external platforms as a payment method.
The popular cryptocurrency Polygon (MATIC) rose nearly 29% to $2.24 on October 29.
At the moment it is traded on our exchange at the level of $2.
⬇️ #Pair MATIC / BUSD on Nominex:
https://nominex.io/ru/markets/MATIC/BUSD
Ethereum is updating its maximum.
Its price exceeded $4600
On November 3, the price of Ethereum, the second largest cryptocurrency by capitalization, reached $4,639, updating its all-time high. Now on our exchange, the price of ETH varies around $4580. Capitalization of the asset reached $537 billion.
🔝 It is also worth noting that at the end of October, Ethereum outstripped Bitcoin in terms of price growth rates with an indicator of 42.9 % versus 39.9 %, respectively.
Earlier, the director of global markets at the Goldman Sachs investment bank, Bernard Rzimelka, allowed the Ethereum rate to rise to $8,000 by the end of 2021.
❓What are your forecasts for this asset?
Exchange ETH on Nominex:
https://nominex.io/markets/ETH/USDT
Its price exceeded $4600
On November 3, the price of Ethereum, the second largest cryptocurrency by capitalization, reached $4,639, updating its all-time high. Now on our exchange, the price of ETH varies around $4580. Capitalization of the asset reached $537 billion.
🔝 It is also worth noting that at the end of October, Ethereum outstripped Bitcoin in terms of price growth rates with an indicator of 42.9 % versus 39.9 %, respectively.
Earlier, the director of global markets at the Goldman Sachs investment bank, Bernard Rzimelka, allowed the Ethereum rate to rise to $8,000 by the end of 2021.
❓What are your forecasts for this asset?
Exchange ETH on Nominex:
https://nominex.io/markets/ETH/USDT
The main enemies of the trader
#tutorial
🔷 FOMO. Fear of Missing Out
A trader is afraid of missing out on another profit and, without sufficient analysis, enters the market at the moment of greatest risk. Immediately after this, the trader receives a surge of positive emotions, after which he can be in a state of denial for a long time that he made a mistake, and this is burdened by a lack of vision of how the situation can be corrected.
🔷 Tilt. Emotional addiction
When faced with sudden luck, a trader can feel like he understands the market 100%. Irrational self-confidence leads to hasty opening or closing of positions. Faced with a series of losses, there may be a desire to urgently recoup the loss.
🔷 Magical thinking. Reluctance to take responsibility
The danger is expressed in the fact that a trader can lose faith in his own knowledge and skills, taken for the belief that nothing depends on him, and, therefore, start playing for luck.
🖥 Become a pro:
https://nominex.io/my/education/courses/1
#tutorial
🔷 FOMO. Fear of Missing Out
A trader is afraid of missing out on another profit and, without sufficient analysis, enters the market at the moment of greatest risk. Immediately after this, the trader receives a surge of positive emotions, after which he can be in a state of denial for a long time that he made a mistake, and this is burdened by a lack of vision of how the situation can be corrected.
🔷 Tilt. Emotional addiction
When faced with sudden luck, a trader can feel like he understands the market 100%. Irrational self-confidence leads to hasty opening or closing of positions. Faced with a series of losses, there may be a desire to urgently recoup the loss.
🔷 Magical thinking. Reluctance to take responsibility
The danger is expressed in the fact that a trader can lose faith in his own knowledge and skills, taken for the belief that nothing depends on him, and, therefore, start playing for luck.
🖥 Become a pro:
https://nominex.io/my/education/courses/1
🏢 Vitalik Buterin envisions not just improving the existing urban infrastructure but creating completely new cities in which all decisions will be made through autonomous organizations (DAO) built on the blockchain.
Buterin claims that crypto cities will help achieve the following results in the future:
• Promote economic interaction between residents and local authorities.
• Increase the well-being of all stakeholders.
• Encourage citywide social initiatives.
• Become a new source of income for the government.
• Reduce inequalities in wealth.
It is proposed to manage crypto cities using tokens. Such assets should be distributed among the residents of the city on the basis of the concept of an unconditional basic income.
Do you believe in this concept?
📊 Trade ETH on Nominex:
https://nominex.io/markets/ETH/USDT
Buterin claims that crypto cities will help achieve the following results in the future:
• Promote economic interaction between residents and local authorities.
• Increase the well-being of all stakeholders.
• Encourage citywide social initiatives.
• Become a new source of income for the government.
• Reduce inequalities in wealth.
It is proposed to manage crypto cities using tokens. Such assets should be distributed among the residents of the city on the basis of the concept of an unconditional basic income.
Do you believe in this concept?
📊 Trade ETH on Nominex:
https://nominex.io/markets/ETH/USDT
The work on the brokerage program continues
As part of its functionality, there will be some changes on the exchange.
The following pairs are on the delisting as they are not listed on Binance:
BSW, EXMR, REV, STM, TFB, YFI3, LEND, TRYB.
❗️Trading and deposits for these pairs will be stopped on November 9, and on December 1 they will be completely hidden, and it will be impossible to withdraw them.
Hurry up to sell or withdraw these tokens.
Also, when switching to the Binance Broker Program, we temporarily disable the trust assets mechanism, which was previously used to accrue prizes in demo tournaments. Starting from 05.11 demo tournaments will be held as before, but money for trust management will not be credited as prizes.
Real tournaments will also be temporarily suspended, as their work on the basis of the brokerage program will require improvements.
Binance Broker Program full release is coming soon!
As part of its functionality, there will be some changes on the exchange.
The following pairs are on the delisting as they are not listed on Binance:
BSW, EXMR, REV, STM, TFB, YFI3, LEND, TRYB.
❗️Trading and deposits for these pairs will be stopped on November 9, and on December 1 they will be completely hidden, and it will be impossible to withdraw them.
Hurry up to sell or withdraw these tokens.
Also, when switching to the Binance Broker Program, we temporarily disable the trust assets mechanism, which was previously used to accrue prizes in demo tournaments. Starting from 05.11 demo tournaments will be held as before, but money for trust management will not be credited as prizes.
Real tournaments will also be temporarily suspended, as their work on the basis of the brokerage program will require improvements.
Binance Broker Program full release is coming soon!
Tribune for our users
Friends, share with each other in the comments your experience in the crypto.
🔷 What assets are you buying;
🔷 What services do you use;
🔷 What is the most successful last deal;
🔷 What is the biggest failure and why;
🔷 Forecasts for the most promising tokens in your opinion, etc.
There are many topics for discussion. Feel free to express yourself, any experience can come in handy for fellow crypto in the trading world.
____________________________
Useful Nominex Resources
Friends, share with each other in the comments your experience in the crypto.
🔷 What assets are you buying;
🔷 What services do you use;
🔷 What is the most successful last deal;
🔷 What is the biggest failure and why;
🔷 Forecasts for the most promising tokens in your opinion, etc.
There are many topics for discussion. Feel free to express yourself, any experience can come in handy for fellow crypto in the trading world.
____________________________
Useful Nominex Resources
Fall to rise?
🚀 After Bitcoin reaches $100 thousand, many investors will begin to exit the asset, because they want to make money on the coin breaking an important maximum.
Big growth is always followed by a correction. An asset cannot stay for a long time only at low or high levels. A correction after $100,000 is inevitable, as investors' expectations of the coveted mark will attract many.
A large number of sell orders have already been placed in the range of $100-120 thousand. But it is obvious that it will be difficult for an asset to pass this important psychological mark, so corrections, rebounds, and other obstacles should be expected.
Now the price of Bitcoin on our exchange is around $ 62,000.
Trade BTC on Nominex:
https://nominex.io/markets/BTC/USDT
🚀 After Bitcoin reaches $100 thousand, many investors will begin to exit the asset, because they want to make money on the coin breaking an important maximum.
Big growth is always followed by a correction. An asset cannot stay for a long time only at low or high levels. A correction after $100,000 is inevitable, as investors' expectations of the coveted mark will attract many.
A large number of sell orders have already been placed in the range of $100-120 thousand. But it is obvious that it will be difficult for an asset to pass this important psychological mark, so corrections, rebounds, and other obstacles should be expected.
Now the price of Bitcoin on our exchange is around $ 62,000.
Trade BTC on Nominex:
https://nominex.io/markets/BTC/USDT
Many analysts predict Bitcoin will break the $100,000 mark, but the timing of the predictions is different.
When do you think BTC will hit the coveted $100,000 level?
When do you think BTC will hit the coveted $100,000 level?
Anonymous Poll
25%
Until the end of this year
31%
Early next year
21%
Mid 2022
17%
Late 2022
7%
Will not even reach next year
In 2014, one of the programmers of the Ethereum team, Charles Hoskinson, left the project and, together with his partner Jeremy Wood, founded the IOHK company, under the auspices of which the Cardano platform began to be created. This project can be called a competitor to Ethereum as a platform for smart contracts.
Cardano (ADA) is a cryptocurrency that gained momentum quickly after its launch on September 27, 2017. As a result, Cardano ranks among the 10 most valuable cryptocurrencies.
Cardano shows near-zero changes over the week, and over the last month, it has lost over 11%.
Now on our exchange, the asset is traded in the region of $2.
📊 #Pair ADA/BUSD on Nominex:
https://nominex.io/ru/markets/ADA/BUSD
Cardano (ADA) is a cryptocurrency that gained momentum quickly after its launch on September 27, 2017. As a result, Cardano ranks among the 10 most valuable cryptocurrencies.
Cardano shows near-zero changes over the week, and over the last month, it has lost over 11%.
Now on our exchange, the asset is traded in the region of $2.
📊 #Pair ADA/BUSD on Nominex:
https://nominex.io/ru/markets/ADA/BUSD
The meme itself appeared long before crypto – it is also known as “Feel Guy”, widely used in “I know that feel, bro” #memes. “Wojak” translates as “soldier” from Polish.
For the very first time meme appeared back in 2009 on the German imageboard Krautchan. In a discussion, the British user Falco drew this face in MS Paint to troll the Polish user who badly spoke English. This user went by the nickname of Wojak. Soon, the image spread far beyond Krautchan and was no longer used in its original meaning, while retaining its name.
_______________________
Nominex Useful Links
For the very first time meme appeared back in 2009 on the German imageboard Krautchan. In a discussion, the British user Falco drew this face in MS Paint to troll the Polish user who badly spoke English. This user went by the nickname of Wojak. Soon, the image spread far beyond Krautchan and was no longer used in its original meaning, while retaining its name.
_______________________
Nominex Useful Links
He simply put up a legal pad with two words – “Buy Bitcoin”. It was on the air live for just a couple of seconds, but that was enough to become the most influential crypto event of 2017. Shortly after that, security escorted him out of the hall. But his actions already had consequences – the price of Bitcoin on that day went up by 3.5%.
#Memes
_____________________
Nominex Useful Links
#Memes
_____________________
Nominex Useful Links
The crypto continues to gain momentum
Today, November 8, the capitalization of the crypto market has reached a record peak of $3 trillion, over the last 24 hours it has grown by 4%.
📈 Bitcoin has again leveled its positions at around $66 thousand, showing a daily growth of 6%, and its capitalization exceeded $1.2 trillion.
Market analysts continue to make forecasts for the value of the first cryptocurrency. There are opinions that BTC will reach $100 thousand in November and $135 thousand in December. There are also opposite opinions: experts believe that there is a lot of hype about meme tokens like SHIB, which could mean a dangerous state of the market and prevent the growth of BTC.
📈 Also today, Ethereum updated its maximum, having risen in price by 4.4 % per day, to $4.78 thousand. Altcoin capitalization increased to $564.6 billion, pushing up the total cryptocurrency market capitalization.
Trade BTC:
https://nominex.io/markets/BTC/USDT
Trade ETH:
https://nominex.io/markets/ETH/USDT
Today, November 8, the capitalization of the crypto market has reached a record peak of $3 trillion, over the last 24 hours it has grown by 4%.
📈 Bitcoin has again leveled its positions at around $66 thousand, showing a daily growth of 6%, and its capitalization exceeded $1.2 trillion.
Market analysts continue to make forecasts for the value of the first cryptocurrency. There are opinions that BTC will reach $100 thousand in November and $135 thousand in December. There are also opposite opinions: experts believe that there is a lot of hype about meme tokens like SHIB, which could mean a dangerous state of the market and prevent the growth of BTC.
📈 Also today, Ethereum updated its maximum, having risen in price by 4.4 % per day, to $4.78 thousand. Altcoin capitalization increased to $564.6 billion, pushing up the total cryptocurrency market capitalization.
Trade BTC:
https://nominex.io/markets/BTC/USDT
Trade ETH:
https://nominex.io/markets/ETH/USDT
The entire crypto community knows the story of the recent adoption of Bitcoin by El Salvador as an official means of payment.
Would you support a similar initiative in your country? Justify your answer in the comments.
Would you support a similar initiative in your country? Justify your answer in the comments.
Anonymous Poll
80%
Yes, life will get better
9%
No, it will lead to a crisis
11%
Nothing will change from this
Emotions and temperament in trading
🌘 Melancholic people are overly cautious, but in an unstable market they can act chaotically. Opening positions with small take-profits is most suitable for them.
🔥 Choleric is always in a hurry, and he wants to make money as soon as possible. His trading style is often aggressive. The market always provides an opportunity to make a profit, but such a rush can lead to depletion of the deposit. Opening orders on large and medium-term timeframes will help you develop a habit of calm trading.
☀️ A sanguine person is consistent in making decisions, and failures do not upset him too much. Positions opened on the basis of a logical, well-thought-out system will help him trade more consistently.
⚙️ A phlegmatic person is used to making informed decisions and not rushing to conclusions. He hardly knows the thrill of trading. He can be both a scalper and open long-term deals. In short, an all-rounder is capable of handling any style.
What is your psychotype?
🌘 Melancholic people are overly cautious, but in an unstable market they can act chaotically. Opening positions with small take-profits is most suitable for them.
🔥 Choleric is always in a hurry, and he wants to make money as soon as possible. His trading style is often aggressive. The market always provides an opportunity to make a profit, but such a rush can lead to depletion of the deposit. Opening orders on large and medium-term timeframes will help you develop a habit of calm trading.
☀️ A sanguine person is consistent in making decisions, and failures do not upset him too much. Positions opened on the basis of a logical, well-thought-out system will help him trade more consistently.
⚙️ A phlegmatic person is used to making informed decisions and not rushing to conclusions. He hardly knows the thrill of trading. He can be both a scalper and open long-term deals. In short, an all-rounder is capable of handling any style.
What is your psychotype?
🔷 Crypto Amazon
The largest marketplace has entered into an agreement with the Venmo payment service. Users will soon be able to pay for purchases with cryptocurrency.
🔷 Crypto Discord
The CEO of the popular messenger said that it is possible that Discord will be connected to the Ethereum blockchain.
🔷 Memes are everywhere
The number of Shiba Inu holders increased by 31% over the last month (from 706.8 thousand to 926.6 thousand). The altcoin price managed to rise by 104%. The currency took 11th place in the top in terms of capitalization.
🔷 Whales buy crypto
Users on whose accounts from $10 thousand to $100 thousand have increased their investments in BTC by $2.8 billion over the past week. They bought 43 thousand BTC.
🔷 New highs
November 9, Bitcoin again updated its maximum at around $68,500. Over the past 24 hours, the price of the asset has increased by 4%. Ethereum is trading above $4800.
What other news from the world of crypto interested you?
The largest marketplace has entered into an agreement with the Venmo payment service. Users will soon be able to pay for purchases with cryptocurrency.
🔷 Crypto Discord
The CEO of the popular messenger said that it is possible that Discord will be connected to the Ethereum blockchain.
🔷 Memes are everywhere
The number of Shiba Inu holders increased by 31% over the last month (from 706.8 thousand to 926.6 thousand). The altcoin price managed to rise by 104%. The currency took 11th place in the top in terms of capitalization.
🔷 Whales buy crypto
Users on whose accounts from $10 thousand to $100 thousand have increased their investments in BTC by $2.8 billion over the past week. They bought 43 thousand BTC.
🔷 New highs
November 9, Bitcoin again updated its maximum at around $68,500. Over the past 24 hours, the price of the asset has increased by 4%. Ethereum is trading above $4800.
What other news from the world of crypto interested you?
The Shiba Inu token was created in August 2020 by unknown developers under the pseudonym "Ryoshi". Shiba Inu dogs and apparently older brother Dogecoin inspired the Ethereum-based ERC-20 token.
Right now, the Shiba Inu community is jubilant over the huge asset purchase. Whale recently bought 20 trillion Shiba Inu tokens for $1.13 billion. In general, this token is now causing a hype.
In October, Shiba Inu has risen in price by more than 1000 %. During the day, the token increased in price by 7.4 %, and its capitalization increased to $31.5 billion
At the moment, the token is traded on our exchange at a price of $0.000056
SHIB/BUSD #pair on the exchange:
https://nominex.io/ru/markets/SHIB/BUSD
Right now, the Shiba Inu community is jubilant over the huge asset purchase. Whale recently bought 20 trillion Shiba Inu tokens for $1.13 billion. In general, this token is now causing a hype.
In October, Shiba Inu has risen in price by more than 1000 %. During the day, the token increased in price by 7.4 %, and its capitalization increased to $31.5 billion
At the moment, the token is traded on our exchange at a price of $0.000056
SHIB/BUSD #pair on the exchange:
https://nominex.io/ru/markets/SHIB/BUSD
🔥 Burning is the removal of a given number of coins from circulation.
Crypto projects mechanics #tutorial
When transferring coins to an address to which there is no private key, they will be burned. You can send funds to an erroneous or specially created address.
🛡 When burning, the total supply decreases. This is necessary, for example, to remove commissions from circulation on various platforms or to protect the network from spam. In this case, transaction fees are burns in part or in full.
Buying or burning contributes to a spasmodic rise in the asset's rate. In the long term, this allows the formation of an additional price increase.
The impact of such actions on the cost is indirect. Usually, a significant decrease in the number of coins in circulation is good news, contributing to the growth of the popularity and value of the asset.
Crypto projects mechanics #tutorial
When transferring coins to an address to which there is no private key, they will be burned. You can send funds to an erroneous or specially created address.
🛡 When burning, the total supply decreases. This is necessary, for example, to remove commissions from circulation on various platforms or to protect the network from spam. In this case, transaction fees are burns in part or in full.
Buying or burning contributes to a spasmodic rise in the asset's rate. In the long term, this allows the formation of an additional price increase.
The impact of such actions on the cost is indirect. Usually, a significant decrease in the number of coins in circulation is good news, contributing to the growth of the popularity and value of the asset.
Who is who in our community
A new selection in which you can see the results of past polls and vote, if you haven't already.
🔷 Trading course
Of the respondents, only 25% have completed the course, and 18% have not even heard of it! But he is very useful.
🔷 Mobile platform
71% use Android, 13% iOS, the rest prefer a computer.
🔷 Brokerage program release
87% of people were waiting for BBP, and 6% did not know what it is! The final release is coming soon.
🔷 New tokens
From the list of new pairs with BUSD, people rated SOL and CAKE the most — 44% of those surveyed. The FOR token turned out to be less popular — only 4% voted for it.
🔷 Affiliate presentation
74% of the audience noted that the information from the slides was very useful to them!
See also:
1 selection
2 selection
3 selection
A new selection in which you can see the results of past polls and vote, if you haven't already.
🔷 Trading course
Of the respondents, only 25% have completed the course, and 18% have not even heard of it! But he is very useful.
🔷 Mobile platform
71% use Android, 13% iOS, the rest prefer a computer.
🔷 Brokerage program release
87% of people were waiting for BBP, and 6% did not know what it is! The final release is coming soon.
🔷 New tokens
From the list of new pairs with BUSD, people rated SOL and CAKE the most — 44% of those surveyed. The FOR token turned out to be less popular — only 4% voted for it.
🔷 Affiliate presentation
74% of the audience noted that the information from the slides was very useful to them!
See also:
1 selection
2 selection
3 selection