The psychology of the stock market: hype, risk and conviction

Dividendenopi👴@Dividendenopi

@All-in-or-nothing yes, that's why I wrote this post. I suddenly started playing around after I had cash at my disposal. It's a kind of self-reflection on the current situation 😉

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The people here who trade "hype stocks", and the emphasis is on trading, are for the most part well aware of the risk and can deal with losses. Those who have caught the trend in time achieve an outperformance for the moment, the fomos who enter after a setback should not expect 100 or 200%, but are satisfied with a bounce of 10 or 20%. Unfortunately, the small remainder will probably fall by the wayside, with the knowledge that they will have to act differently next time. Yes, we are in a highly speculative phase with all the opportunities and risks. Long-term wealth accumulation looks different, the current profits can be a good basis for building up capital in the short term. Or the brutal lesson at the beginning of the journey. 🤷‍♂️

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1Semana

You spoke a lot of truth there. For me, I exclude Fomo because this high-risk momentum strategy is my day-to-day business and I do virtually nothing else, OK except for a few small caps that I believe will perform above average. But of course that won't be the case for everyone.

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TomTurboInvest@TomTurboInvest

1Semana

@Multibagger yes as a trader this can be useful at the moment. 👍

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1Semana

True words! There have always been phases like this, and they always come back, and there are always a few people who know what they are doing and a few others who are copy trading and trading out of FOMO. For which group this has always come to a bitter end in the past is, I think, obvious anyway 😅

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Mark777@Mark777

@TomTurboInvest man nennt es Tiktok Trading.

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1Semana

Bitmine correlates with the ETH price. ETH is at the 54 level in the weekly RSI and is therefore bobbing around somewhere in the middle of nowhere. So if you are currently noticing hype and fomo, wait and see what will happen here on the platform in November 😁

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Wravo@Wravo

1Semana

@Dirty30 Nobody is saying that a correction is coming in November, but a comment like this is a good indicator of what is meant and nobody knows how long it will go up

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1Semana

@Wravo the correction is coming in mid-November, see my last post. You collect data from various indicators and take the best possible position on the financial market. That's all it is.

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1Semana

@Dirty30 that means going fully short from 05. or 10.11.? If that's safe, I'll do it. I have no problem with that 😉.

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1Semana

@Multibagger not investment advice 🤣 The cycles are nevertheless interesting. If you look closely at the chart, you can see that after the downward turn of the 80-day cycle, there is usually a higher high, i.e. the 2nd high of the 30-day cycle. This would be around the 13.11., so to speak. In the last few cycles, there was also a final higher high at the end of May and in mid-August, before both cycles point downwards together.

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1Semana

@Dirty30 Which graphic do you mean? Must have slipped through.

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1Semana

@Multibagger the ones with the 30 and 80 day cycles in Bitcoin. From my last post yesterday.

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1Semana

@Dirty30 but that was about $BTC and $ETH, wasn't it? Doesn't that mean a general down for shares?

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1Semana

@Multibagger Normally, even they move in a similar way. In this case, however, the crypto sector fits, because Bitmine was mentioned in the article and thus indirectly also ETH.

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jkb92@jkb92

1Semana

Watch out, at $IREN dip-FOMO again haha

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Mark777@Mark777

That leaves only one stable candidate $VWRL

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TradingHase@TradingHase

I think those who are absolutely convinced will stay in even during correction phases. If you only hope for a quick profit and realize it early enough, you haven't done much wrong.
However, the conviction should come from a good analysis if you want to stay invested in the long term.

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Patschke6686@Patschke6686

@TradingHase and do you also sell in the minus if the share goes into the minus on a trade? 🤔

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TradingHase@TradingHase

@Bubu_98 Yes, I've learned through mistakes that there are times when you have to let go 😉

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1Semana

nice Franconian beer - running =)

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Patschke6686@Patschke6686

1Semana

@Patschke6686 Prost 🍻

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1Semana

@Bubu_98 Knock yourself out, cheers!

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Olli@Olli68

1Semana

Beautifully written 👍

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