The biggest fear, embarrassment

July 20, 2020

Trading is an intimate sport. You can do it behind a closed door in your underwear. But at some point, if you don’t make it in this profession it all comes out. One can’t hide sustained losses forever. You might be even oblivious to yourself for a long time. The day of embarrassment at some point is here. Larger than the pain of loss is the embarrassment of failure. This is especially painful because investing is portrayed as this easy thing that everybody should do, does, and supposedly is successful in. All facts far from the truth but magnifiers for the embarrassing moments when fessing up to one’s spouse, parents, friends, and possible investors. When going under in a venture like a restaurant or online business blame can be attributed to circumstances and other factors. In trading, all the weight is on the market player’s shoulders. The biggest fear, embarrassment.

 

BTC-USDT, Daily Chart, Be Transparent:

 

BTC-USDT, daily chart as of July 19th, 2020

 

We placed a long entry live in our Telegram Channel for a daily time frame reload long entry. Exposing entries like these in real time to the public results in emotional accountability. One way to not hide behind closed doors.

 

On the daily chart for Bitcoin, the sideways triangle is approaching an apex that makes this early entry a low risk near the lower support line (green directional line).

 

BTC-USDT, Weekly Chart, Keeping Logs:

 

BTC-USDT, weekly chart as of July 20th, 2020

 

The weekly chart above illustrates the larger time frame reason why we think a long participation is sensible. Keeping a log book with charts and detailed entries on why to engage into the market at a specific time and price is another way of keeping honesty with yourself. In addition a defined strategy not only for entries but also for exits needs to be in place. As always, we use our quad exit strategy.

 

The possible cup and handle formation suggests a move towards the US$10,000 to US$11,000 target zone. Estimated within three to four weeks. This timeline estimate stems from Bitcoin´s  75% time probability of handle to cup formations within this time frame to be statistically typical.

 

BTC-USDT, Monthly Chart, The Biggest Fear, Embarrassment:

 

BTC-USDT, monthly chart as of July 20th, 2020

 

The monthly chart is the far removed guideline suggesting the true reasons for market participation. Nothing is more valuable than removal from details. Most traders get stuck due to a lack of the larger picture in a  specific situation. Train yourself to always keep in mind what truly matters! Focus on principle and rule based behavior versus emotional short term upset.

 

From a time cycle perspective we could find ourselves within five to six months at price levels as high as US$14,000.

 

BTC-USDT, Daily Chart, And Where From Here:

 

BTC-USDT, daily chart as of July 20th, 2020

 

Train to think in probabilities, meaning sample size versus individual trade outcome. This is very important!

 

The daily chart above shows that a breakout through the red resistance line could result into nice profits. There is a higher likelihood for a trend continuation after the sideways period Bitcoin finds itself in. This is rooted in the prior strong directional up leg as a precursor.

 

The biggest fear, embarrassment
 

The only way to avoid such failure moments that can be detrimental to your psyche and relationships is to be aware of that possibility and create a culture early on where things do not get pushed underneath the rug. The more open you are to your surrounding field, the more openly you face your own track record and admit to yourself accurately where in the game you are and measure if you are improving or not the likelier is that you do not hit rock bottom or at least if you do with a net of family and friends who value you as a being more than your performance.

 

The ultimate truth is that we are more than what we do or digits on a bank account but in this profession, one can easily lose sight of that.

 

Not everyone makes it to the Olympics, not everyone tastes riches, but just because you didn’t make it all the way to the top doesn’t mean venturing into this profession left you without improvement and growth as a person. A shoemaker even if his store fails can still be proud of making great shoes. In trading it is just less transparent but the endless path of mastering obstacles still leaves you a better person compared to the point when you started climbing the mountain.

 

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All published information represents the opinion and analysis of Mr Korbinian Koller & his partners, based on data available to him, at the time of writing. Mr. Koller’s opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Koller is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations. As trading and investing in any financial markets may involve serious risk of loss, Mr. Koller recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications.

 

 

 

Although a qualified and experienced stock market analyst, Korbinian Koller is not a Registered Securities Advisor. Therefore Mr. Koller’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. Past results are not necessarily indicative of future results. The passing on and reproduction of this report, analysis or information within the membership area is only legal with a written permission of the author.

 

 

Important Trading Risks and Earnings Disclaimers - Terms of Use

 

RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.

 

 

U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.

 

NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.

 

EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED. EXAMPLES PRESENTED ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.

 

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 

 

All information presented or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This presentation is neither a solicitation nor an offer to Buy/Sell options, futures stocks or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.

 

Terms of Use: Your use of this educational website indicates your acceptance of these disclaimers. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.

 

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