If you don’t know this, you won’t be able to use chart patterns or indicators.
The fool learns from experience, the wise from history.
Only fools believe they learn from their own experience. I prefer to learn from others’ experiences from the start in order to avoid my own mistakes.
by Bismarck
Common traits of people who suffer big losses and those who exit
Holding on to unrealized losses (increasing unrealized losses)
People who lose tend to lose in the same way as past pioneers.
Learn from the experiences of those who suffered big losses and avoid big losses.
Have rules to prevent yourself from reaching a state of holding unrealized losses.
Even if you follow chart patterns or indicators’ buy/sell signals, you won’t win.
The context in which you use them is important.
Fibonacci numbers do not possess statistical edge.
Those who master them choose the moments to use them.
If you don’t know this, you won’t be able to use anything effectively.
https://twitter.com/takashipyo
takashipsychology@yahoo.co.jp
We also welcome your opinions and impressions!
