Is mass psychology bad?
I would like to state one simple personal theory.
If you think it's boring, please feel free to leave.
Self-proclaimed pros (bad pros) are broadcasting, “Don’t get swept up by crowd psychology!” .
The reason is that when your mindset becomes crowd psychology,
you tend to lose in trading.
Crowd psychology = losing traders, so they say.
Here’s a question.
Is crowd psychology really bad?
What exactly is crowd psychology in the first place?
The definition of a losing trader isn’t something that can be easily defined, right?
They’ve defined something as if it’s the most obvious thing
and, somehow given it a plausible definition.
Personally, I don’t think there is such a thing as a fixed definition of crowd psychology.
Because isn’t everything in this world one-of-a-kind?
Each person is a bundle of individuality.
(Crowd psychology = losing traders, they say??)
Among the many traders in this world
they say crowd psychology = losing traders.
In reality, the people who lose, the causes that invite losses
are varied and numerous.
People who get ahead and then get arrogant after winning (me, haha)
People who enter and then go backward and lose (poor money management)
People who start trading around the 20 moving average in a ranging market and
keep getting knocked around by the market, repeatedly, the impatient ones (overtrading/potion of positions)
The self-proclaimed pros (bad pros) who deceive everyone in this world
and so on, innumerable.
Are these countless various phenomenacrowd psychology?
I think the opposite.
I don’t think it is crowd psychology.
A trader who has crowd psychology = a trader who hosts winning methods
in my definition.
I believe mastering crowd psychology is the shortcut to becoming a successful trader.
Knowing your own weaknesses and fighting the market is crowd psychology
I think those who have it are traders who carry crowd psychology.
Many conjectures make the trend,do they?!
Only those who can possess crowd psychology are valuable (winning) traders (lol)
Today, many of you may not understand what I’m saying.
However, in this world there are far too many so-called pro traders who loudly proclaim it
and there are many who are worthless; I mocked and ridiculed their habits (lol)
Truthfully
there is no crowd psychology in trading!! and
I am a half of the Zao restaurant owner who wants to say this.
That’s enough for now, isn’t it???
Sorry for today.
There is something like this, but what is it? (lol)
Closing EA becomes one of your methods.
My original indicator is also a gift!!
A versatile trading support EA.